Archive for June, 2010

Willamette Valley Vineyards Inc. (WVVI) Copes with Large Grape Harvest in 2009, Sees Return to Quarterly Profit Soon

Wednesday, June 30th, 2010

As the stock market continues its swings up and down investors may want to consider looking in slightly differing spaces for investments. A gold stock is a gold stock, dry and bland. Other investments, however, are a bit more rewarding from a personal perspective. Having one or two smaller positions in these types of investments offers a certain amount of pleasure. If it grows and profits great, and if it does not you are enjoying it in a stressful time.

Willamette Valley Vineyards Inc., an Oregon base vineyard, operates and markets a wide variety of wines from its own domestically grown grapes. Among the wide variety of wines it ages and markets are Pinot Noir, Chardonnay, Merlot and a selection of Oregon themed house wines. The company was founded in 1983 and considers its vines as established.

Although one might consider the sales of wine as a rather stable industry, they must also consider the blending of wine manufacture with the realities of economics and a product that does actually degrade over time. Some find aged wines to be a blessing while the business of wine sales finds that wine does tend to degrade over time and become less desirable for mass merchants and retail outlets. In this regard, Willamette found a rather difficult time during the 2009 period.

2009 was a prolific grape season generating quite a bit more product than it was able to place with mass merchants and retailers suffering through current economic conditions. Because of this convergence of economic conditions and increased costs associated with the recession, the company experienced a loss in the first quarter 2010 as compared to a gain for the same period a year earlier. From an overall perspective, and judging from on-site sales combined with a slightly differing product mix, the company does feel that a return to profitability in the near-term is very likely as consumers return to their preferred wine preferences.

In coping with current conditions, the company has instituted several key programs to weather the storm. Aged wine on hand has been reduced, freight surcharges have been instituted and a reduction of purchased wine has occurred. The first quarter 2010 loss of approximately $185,000 is generally considered to be an anomaly due to economic conditions but one that needs to be considered. Going forward there are several key bright spots to consider. The winery in-store sales rose substantially in 2009 (10%+) while a program to increase out-of-state sales also began. The company has also received several favorable wine oriented kudos and awards in leading wine magazines.

Wine making is a commodity business subject to all market conditions. It is also subject to weather and a variety of variables that management can only react to from season to season. It is, however, a business that offers a certain amount of joy as compared to other investments that can often come off as rather dry and antiseptic. There may be many variables that make vineyard stocks risky but Willamette Vineyards does seem to be established, well run and profitable for the investor looking to infuse a bit of diversity.

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INFRAX SYSTEMS, Inc. (IFXY.OB) Finalizes Trimax Acquisition

Wednesday, June 30th, 2010

INFRAX SYSTEMS, Inc. (IFXY), www.infraxinc.com – one of the world’s top providers of unified Smart Grid-related products and services to the energy and utility sectors, announced the completion of the acquisition of Trimax Wireless Inc., a leading developer of carrier-grade broadband wireless technology.

CEO of IFXY, Paul Aiello, called the acquisition a “critical step” in the evolution and growth of the Company and pointed out how Trimax’s core competencies dovetail perfectly with IFXY’s operational profile, yielding superior capabilities, industry position and a clear competitive advantage, in addition to new revenue streams.

Mr. Aiello praised Trimax’s innovative technological achievements and called those achievements “the key to solving the connectivity issues” arising from the deployment of thousands of intelligent devices throughout the electrical grid.

The Company specializes in offering a broad array of interrelated operational management, communications, and grid security-related products and services collectively known as the Secure Intelligent Energy Platform (SIEP), representing a comprehensive and ultimately unified framework for communications and application management of the Smart Grid.

Furthermore, IFXY’s SIEP platform enables the secure management of an Advanced Metering Infrastructure (AMI) and automated distribution consistent with monitoring, real-time pricing and Demand Side Management (DSM) initiatives.

The acquisition itself follows accordingly the earlier announcement of a $10M-plus preferred stock offering.

Trimax is a very good acquisition for the Company, with $1.2M in revenues from broadband in 2009 with a projected $6M for 2010.

Trimax has a core suite of wireless broadband technologies, and has developed the multi-protocol hardware which will provide utility companies the robust, dependable and ultimately cost-effective solution for last-mile, two-way communications for the upgrade of old meters and upgrading of newer ones.

With over 2k base stations sold, Trimax has created a backbone which can support in excess of 1M devices in the US, Europe, Latin America, Africa and New Zealand.

CEO of Trimax, Uli Altvater, said the acquisition would benefit customers tremendously due to the combined scale and strength of the two companies, asseverating Aiello’s idea and noting that this acquisition is an important step forward for Trimax as well.

Smart meter proliferation is estimated to reach 13.6M units by the end of 2010, and 33M by 2011. Globally, the figure is projected to exceed 212M units, making it a $46B market by 2014 – a market which IFXY stands poised to capitalize on, creating incredible growth potential for its shareholders.

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Solar Energy Initiatives, Inc. (SNRY.OB) Signs Letter of Intent for $4 Million Solar Project

Wednesday, June 30th, 2010

Solar Energy Initiatives, Inc. announced today that it has signed a Letter of Intent (LOI) with a private developer to begin a $4 million turn-key solar project in Georgia. Per the agreement, Solar Energy will lead the project development effort including system design, installation, and operation of the proposed 1 megawatt (MW) of photovoltaic (PV) systems on site. The complete system will require approximately 4,500 solar panels and will reduce carbon dioxide emissions by 1,500 tons per year. Tentative dates set for the project are to break ground in the fourth quarter of this year with targeted completion being set for the summer of 2011.

Solar Energy will be the developer of the project as well as provider of all of the solar equipment. Additionally, Solar Energy will generate revenues for the next 10 years from the management of the sale of the newly generated solar electricity and solar renewable energy credits (SRECS) to the local utility.

David Fann, Chief Executive Officer of Solar Energy Initiatives, commented, “This announcement marks yet another success for the project development team at SNRY,” stated Mr. Fann continued, “Our ability to quickly secure these opportunities is the result of diligent preparation on the part of our management team. The market is moving quickly and we are poised to react favorably for the benefit of our shareholders.”

This LOI announcement comes on the heels of a June 28th press release where Solar Energy announced it had signed a letter of intent with a School District in Pennsylvania to install and operate approximately 4 megawatts (MW) of photovoltaic (PV) systems on government buildings. This project is slated to break ground in the fall of 2010 and be completed sometime in the spring of 2011 with an estimate value at $16 million. The project will utilize approximately 17,000 solar panels totaling 4 megawatts of installed capacity and is projected to reduce hazardous carbon dioxide emissions by 6,000 tons per year. For this project, Solar Energy will recognize energy sales over a 20-year period from the project ownership and the sale of Solar Alternative Energy Credits through a State program supported by the Pennsylvania Public Utilities Commission.

More information about Solar Energy Initiatives, their current and upcoming projects and the investment opportunity the company presents can be found at www.solarenergy.com.

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Simulated Environment Concepts, Inc. (SMEV.PK) Wows Europe, SpaCapsule Used For Weight Loss, Cellulite Reduction

Wednesday, June 30th, 2010

Simulated Environment Concepts Inc., developer of SpaCapsule®, the world’s most advanced automated massage and wellness system, is enjoying exceptional success in Europe where the futuristic SpaCapsule is viewed as far more than simply the greatest massage and anti-stress system available. The company recently announced that its Netherlands distributor, SPA Lifestyle Group, is expanding its placement of SpaCapsule in Holland’s most prominent high-end hotels, with an emphasis on weight loss.

Mr. Roel de Kanter of SPA Lifestyle commented on their view that SpaCapsule goes beyond being a wonderful personal relaxation system. “We are very happy to represent SpaCapsule in Holland. The SpaCapsule and the concepts of massage, cellulite reduction, weight loss, and personal relaxation go hand-in-hand. This is exactly the reason we were able to introduce and install the SpaCapsule in some of Holland’s more prominent hotels — such as the Scandic Sanadome Hotel.” Sanadome, one of the trendiest upscale hotels in Holland, now has two SpaCapsules, offering cellulite reduction treatments along with full body massage. Sanadome marketing manager, Mr. Pim de Vries, said that “Sanadome is investing into luxury equipment that is geared towards treatments and cures, as well as cellulite reduction and spa-massage treatments. We are planning to acquire more SpaCapsule units this year.”

Dr. Ella Frenkel, Simulated Environment Concepts President and CEO, commented on the company’s European expansion. “The location and exclusivity of the Sanadome Hotel just reinforces the prestige and reputation of our weight loss relaxation products. We are very excited and currently working to complete additional shipments to Holland as well as Denmark before the end of May. We are very confident in the European Market. The Euro seems to be maintaining greater buying power for the American-made products; and we are certainly benefiting from favorable conversion rates.”

The company has also had success in France, Belgium, and Germany, while continuing to expand in the U.S. market.

For more information, see the company’s websites at www.spacapsule.com and www.SECCorporation.com.

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Genoil, Inc. (GNOLF.OB) Secures Breakthrough Patent and Provides Oil Spill Update

Wednesday, June 30th, 2010

Located in Calgary, Alberta, Genoil has become a recognized leader for their state-of-the-art technology and for being a friend of the environment. Today, Genoil took a step towards enhancing its future with the announcement they have received a breakthrough patent for sand decontamination from the United States Patent Office.

The patent recognizes Genoil’s unique positioning for the Gulf of Mexico disaster cleanup. Due to the research and development of Genoil, the sand decontamination patent has the potential to constitute a major advancement of the reactor design and offers a multitude of benefits to society and the marketplace.

Coupled with this newfound success, Genoil has also presented technical material to BP on its sand contamination to lead the Gulf of Mexico remediation. The discussions with BP are ongoing regarding the Crystal Sea water cleaner and it has been responding to requests for more information. Genoil has reduced the manufacturing & delivery time from three months to six weeks for an expedited fee. It should be emphasized that Ocean Therapy, Kevin Costner’s oil spill device is not state of the art, and does not comply with United States Coast Guard regulations.

Leading the team at Genoil is their CEO David L. Lifschulz. Lifschulz is renowned name in the sector and has led Genoil to national acclaim. When asked about the young company’s plans for the future, and the important of complying with United States Coast Guard regulations, Lifschulz was quoted as saying, “I cannot understand how an environmental cleanup effort in the Gulf of Mexico could be reliant on the Costner technology that does not comply with Coast Guard environmental regulations.”

Currently, Genoil is trading in the $0.16 range. With this state-of-the-art technology in place, Genoil may be a diamond in the over-the-counter-rough that is quickly evolving into a global power. Notably, Genoil has plans to establish a subsidiary in the Middle East and will be opening offices there to handle business in the immediate future.

To learn more about Genoil, visit the company website at: www.genoil.com.

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China Green Material Technologies, Inc. (CAGM.OB) Announces Increase in Expansion Capacity

Wednesday, June 30th, 2010

China Green Material Technologies, Inc., a China-based manufacturer of starch-based biodegradable containers, tableware and packaging products, recently announced that the company’s new production capacity, which will increase annual production by 45 percent, will come online in the second half of 2010. In addition, the company plans to add new equipment in order to increase manufacturing efficiency and meet increasing market demand for its biodegradable consumer products.

As a leading manufacturer of proprietary biodegradable food packaging materials technologies, China Green Material Technologies expects total revenue for 2010 to increase between 25 percent and 30 percent from the $13.4 million reported in 2009. The expanded capacity will support the additional growth through 2011 as the company pursues further expansion into international markets, including the United States, France, the U.K., Israel, Korea and Japan.

“We are pleased to report progress on our expansion plans, which will enable us to meet existing customer demand and facilitate growth for this year and next,” said Mr. Zhonghao Su, chief executive officer of China Green Material Technologies. “The global market demand for environmentally friendly, bio-degradable products is among the fasting-growing in the consumer products segment. We are ideally positioned in China, where our company has a strong position in a highly fragmented market, maintains a low cost advantage and offers superior product performance.” Mr. Zhonghao Su continued, “To capitalize on the rapid domestic growth, we are focused on increasing our market share in the airline and railway sectors, developing additional clients in the fast food industry and expanding our network of agents and distributors.”

For more information, please visit www.sinogreenmaterial.com.

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MagneGas Corp. (MNGA.OB) Acquires Economic Interest in the European and African Markets

Wednesday, June 30th, 2010

Yesterday, MagneGas Corporation announced that they have acquired economic interest in the European and African markets. The Company purchased 20 percent of MagneGas Europe for 250,000 shares of restricted stock. The legal name of MagneGas Europe is MagneGas Arc Applied Solutions Europe, or (MAASE).

MAASE owns the exclusive intellectual property rights for the MagneGas™ Technology for Europe and Africa. MagneGas will participate in profit sharing for the European and African markets through periodic cash dividends, in addition to their equity ownership in MAASE.

Ermanno Santilli, MagneGas Executive Vice President of International Relations, will also serve as CEO of MAASE. Mr. Santilli is based in Brussels, Belgium.

The MAASE strategy-to-market will be the same as MagneGas. This means focusing on three key prospects in rank order. The first is metal working/industrial fuel, the second is liquid waste processing and the third is equipment sales.

MagneGas President, Mr. Richard Connelly stated, “We have long sought to participate in the crucial European market. The European community has been among the world’s earliest adopters of clean tech and alternative fuels, and the regulatory incentives to bring new solutions to market make this perhaps the most immediately attractive climate for the MagneGas™ Technology. Although MAASE is just launching operations, we feel the European market can provide great opportunities.”

“As with our China initiative, this acquisition provides us ongoing exposure to a core market without having to create an on-site infrastructure of our own. Moreover, we benefit from an existing and expanding distribution network. This is one more example of MagneGas leveraging partnership synergies to grow efficiently and cost-effectively.”

MagneGas Corporation is the producer of MagneGas™, a natural gas alternative and metal working fuel made from liquid waste. This liquid waste includes sewage, sludge, manure and certain industrial and oil based liquid wastes. MagneGas’s patented Plasma Arc Flow™ process gasifies liquid waste. This creates a clean burning fuel that is essentially interchangeable with natural gas. It also has lower green house gas emissions. MagneGas™ can be used for metal cutting, cooking, heating or powering bi fuel automobiles. Founded in 2007, MagneGas Corporation has their headquarters in Tampa, Florida.

For more information visit: www.magnegas.com

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eCrypt Technologies (ECRY.OB) Receives Overwhelming Response at the F5 Expo

Wednesday, June 30th, 2010

eCrypt Technologies, an information security firm with a focus on the wireless industry, recently announced that the company received the highest level of public interest at the F5 Expo held in Vancouver , BC on April 7, 2010. This data is based on the number of voluntary video testimonials that eCrypt Technologies received at the F5 media centre. The company received 400 percent more testimonials than any other conference exhibitor.

F5 Expo is a forward-thinking resource meant to educate businesses on future trends within the online space. Brad Lever, chief executive officer of eCrypt Technologies, participated in a panel entitled “Stories from the Trenches.” The interactive panel discussion revealed a high level of concern regarding issues concerning data security. Businesses were concerned with protecting intellectual property and other sensitive data and communications.

Mr. Lever commented, “It was refreshing to see such a frank dialogue, and it only reinforced our belief that eCrypt’s solution has really struck a nerve with all segments of society.” Mr. Lever added, “Certainly we’re pleased by the response to our mobile email privacy software. Visitors to our booth ranged from concerned citizens to entrepreneurs who are on the forefront of technology. What makes these testimonials particularly important to us is the representation of a cross-section of today’s society and broader societal concerns about the security of our digital communications.”

For more information, please visit www.eCryptinc.com.

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Friedman Industries, Inc. (FRD) Reports Earnings for Fourth Quarter and Full Year 2010

Wednesday, June 30th, 2010

Friedman Industries, Inc. reported net income of $1.06 million, or $0.16 per diluted share, in the fourth quarter of fiscal 2010. The company reported a loss of $0.3 million, or $0.04 per diluted share, in the corresponding quarter in fiscal 2009.

Friedman Industries, Incorporated reported revenues of $23.3 million in the fourth quarter of fiscal 2010, up slightly from the $21.9 million in revenues reported in the fourth quarter of fiscal 2009.

Friedman Industries, Inc. also reported a profit in fiscal 2010. The company reported net income for the year of $0.6 million, or $0.10 per diluted share. In fiscal 2009, Friedman Industries, Inc. earned net income of $13.6 million, or $2.01 per diluted share.

Revenues for the full fiscal year fell sharply from fiscal 2009. Friedman Industries, Inc. reported revenues in fiscal 2010 of $65.1 million compared to $208.7 million in fiscal 2009.

Friedman Industries, Inc. declared a quarterly cash dividend of $0.04 per share. The dividend will be payable to shareholders on 7/23/2010, and will be paid on 8/20/2010.

Friedman Industries, Inc. is a manufacturer of steel pipe for use in industrial applications. The company also buys hot-rolled steel coils and turns out steel sheet and plate products.

For more information on the company, go to www.friedmanindustries.com

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OMNOVA Solutions Inc. (OMN) Reports Tripling of Net Income in Second Quarter

Wednesday, June 30th, 2010

OMNOVA Solutions Inc. reported a strong increase in net income in its second fiscal quarter ending 5/31/2010. The company earned net income of $15.1 million, or $0.33 per diluted share, triple the net income of $5.1 million, or $0.12 per diluted share, that the company earned in the same quarter last year.

OMNOVA Solutions Inc. also reported a sharp increase in revenues in the second fiscal quarter compared to last year. The company reported revenues of $226.4 million for the second fiscal quarter of 2010, compared to only $161.3 million in the same quarter in 2009.

OMNOVA Solutions Inc. said that net income in this year’s second fiscal quarter was boosted by a one-time gain of $2.1 million.

The management of OMNOVA Solutions Inc. said that the strong relative performance in the quarter was due to improved volumes, higher realized prices and foreign currency translation that benefited earnings.

Kevin McMullen, the CEO of OMNOVA Solutions Inc., said, “OMNOVA’s record second quarter reflects the fundamental improvements we have made in our Company and improving economic conditions. We have made significant progress on many fronts, including the introduction of numerous innovative products, penetration into new, adjacent markets, the continued globalization of our business and aggressive productivity gains and cost reductions.”

OMNOVA Solutions Inc. reported the largest increase in revenues in the company’s Performance Chemicals segment. Revenues here increased to $138.6 million in the second fiscal quarter of 2010, compared to $87.0 million in the same quarter in 2009.

For more information on the company, go to www.omnova.com

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Trico Marine Services Inc. (TRMA) Video Chart for Wednesday, June 30, 2010

Wednesday, June 30th, 2010

Even with the Dow down nearly 270 points yesterday, TRMA closed up almost 4%. The TRMA chart is a classic pincher play setup that is looking to reverse.

Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=429

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Tombstone Exploration Corp. (TMBXF.OB) Commences Hi-Tech GeoPhysical Program

Wednesday, June 30th, 2010

Tombstone Exploration Corp. announced this morning that it has contracted Geotech Ltd. of Ontario, Canada to fly an airborne Z-Axis Tipper Electromagnetic (ZTEM) on its Tombstone, Arizona property. ZTEM is known for its ability to achieve unparalleled resolution and depth of investigation, capable of gathering data over 6,000 feet (2 kilometers) below ground surface. Geotech arrived at the Tombstone property earlier this week.

The airborne survey will be over 200 line miles, covering most of the Tombstone district. The data will be interpreted to provide targets for a giant, high-grade porphyry copper – gold deposit that can be mined by open pit or block caving mining methods. Tombstone is situated 25 miles north of the historic Bisbee porphyry copper mine. There are a significant number of exploration programs ongoing in the region for porphyry copper deposits.

The project is situated 150 miles southeast of the Resolution deposit, which is currently being explored by Rio Tinto. The deposit is reported to contain an Inferred Resource of 1.34 billion tonnes containing 1.51% copper and 0.04% molybdenum. The Tombstone project has two major intrusions (granodiorite and porphyry) underlain by sediments that could host a Resolution style deposit.

Alan Brown, CEO of Tombstone, commented, “The ZTEM is the most advanced technology available for discovering ore bodies at depth. To understand this technology further, please view www.geotech.ca. This technology is used by many of the major mining companies in their exploration programs.”

Geotech Ltd. provides full service contract airborne geophysical surveys, data processing and data interpretation. The company currently offers VTEM (helicopter-borne time-domain electromagnetic), ZTEM and AirMt (measure natural alternating magnetic fields in the audio-frequency range), magnetic, magnetic gradient and gamma-ray spectrometer surveys.

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Beacon Equity Research Featured Company: Vidaroo Corp. (VIDA.OB)

Tuesday, June 29th, 2010

Vidaroo Corp. is an emerging leader in integrated digital media and technology solutions, with vast expertise in marketing, content creation, post-production, which is structured around one driving central premise held dear by both the Board of Directors and executive management, as well as its entire staff: sustainable profitability.

An intuitive yet robust online video platform for managing and delivering content, the Company’s sophisticated Digital Video Publisher enables users to extend existing sites into web-based TV networks. With easily embeddable channels and video, users can reach massive new markets through viral promotion and organic information seeding on social networking sites.

With tight 3rd party integration for overlay and in-stream video, Vidaroo can offer a fully integrated advertising solution with adaptive campaign scheduling capability and banner group building that is as simple as uploading the banner. Simple drag and drop functionality in the media browser allows users to quickly sort and schedule multiple videos and add them to a channel; complete cataloging and asset management is also bundled right in.

Vidaroo is not just an online video network reaching over 10M people a month, helping clients and partners to reach their target demographics as well as new users through over 200 highly-trafficked sites – the Company is also a world-class production shop able to fill gaps in a client’s in-house pipeline or handle entire projects from start to finish. A case in point would be the Sprite Green campaign for Coca-Cola, which tied-in Lebron James with the release of his film “More Than a Game”.

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Wall Street Rocked by Continued Economy Fears

Tuesday, June 29th, 2010

Stocks continued their slump in Tuesday’s mid-day trading after data reporting that U.S. consumer confidence fell in June, paired with concern over Europe’s fiscal challenges.

An hour from the market close, the Dow (DJI) lost 236.93 points, 2.43 percent, to 9,901.59, marking the first time the index dropped below 10,000 since June 10; the S&P 500 gave up 28.81 points, or 2.68 percent, to 1,045.07; and the Nasdaq fell 72.99 points, 3.29 percent to 2,147.43.

U.S. stocks are set to post their first quarterly decline since the first quarter of 2009, curtailing from four consecutive quarters of gains; and second-quarter results wiped out gains for the markets this year.

On average, the markets tie up the first half with a decline about once every three years. Historically, during years when the markets have reported a first half loss, they posted a second half gain roughly 50 percent of the time.

Oil prices also took a hit today, weighed by shaky consumer confidence and concern about gasoline prices and demand for the summer travel season. Benchmark crude oil fell $2.32, or 2.96 percent, to $75.93 in late-day trading on the New York Mercantile Exchange, with gasoline and other energy prices following the downturn.

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Cellceutix Corp. (CTIX.OB) Backed by Seasoned Management Team

Tuesday, June 29th, 2010

Cellceutix Corp. develops small molecule therapies for treatment of cancer, autism and inflammatory disease. The company is supported by a panel of officers and advisors with extensive experience and knowledge in the fields of cancer and genetics, as well as with wide experience in the pharmaceutical business and relative researching, developing and marketing.

Most of the company’s efforts center on the company’s lead product Kevetrin, which is in development for drug-resistant cancers. Cellceutix is concluding final studies before applying for FDA approval for human studies. The company’s focus is maintained by a strong management team and a shared commitment to develop treatments for today’s most challenging diseases.

Cellceutix is headed by chairman of the board and CEO George W. Evans, JD, MBA. Mr. Evans has worked in the pharmaceutical industry for more than 25 years, including several senior executive positions for Pfizer Inc. (NYSE: PFE) as general counsel for Pfizer’s global prescription drug unit, and a member of the unit’s leadership team. Mr. Evans’ experience spans a wide range of aspects in the pharmaceutical industry, including early-stage research to end-of-life cycle strategies and involvement in several mergers and acquisitions.

Dr. Krishna Menon, PhD, VMD, serves as Cellceutix’s president, chief scientific officer, and member of the company’s board of directors. Dr. Menon has more than 25 years of experience in drug development for academia and industry. As a veterinarian surgeon, Dr. Menon’s career started with his role as senior government veterinarian for a major parish in Jamaica. For two years he was director of agriculture for the Cayman Islands in the British Caribbean. Dr. Menon’s previous work includes anti-folate therapies for various cancers, research associate at Harvard University, and research scientist at In Vivo Research. After operating his own veterinary oncology and drug development consultancy practice, Dr. Menon served as group leader for Cancer In Vivo Research and Clinical Development for Eli Lilly & Co. (NYSE: LLY) where he was lead researcher for the blockbuster drugs Alimta and Gemzar.

Leo Ehrlich, CPA, has served as Cellceutix CFO since June 2007, and currently serves on the company’s board of directors. Mr. Ehrlich was previously director at StatSureDiagnostic Systems Inc., and has held various executive positions for large corporations including being a founder of NanoViricides in which his tenure saw the price per share rise from $.10 to $4.00.

For more information visit http://www.cellceutix.com.

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OriginOil, Inc. (OOIL.OB) Appoints Algae Industry Luminary Brian Goodall as CTO

Tuesday, June 29th, 2010

OriginOil, Inc., www.originoil.com – a leader in the breakthrough technology of using large-scale algae farming techniques for the production of renewable oil that can directly compete with petroleum, announced the appointment of Brian Goodall, Ph.D. as its new CTO today.

As OOIL’s strategic partner, Desmet Ballestra North America, Inc. President and CEO Timothy Kemper, puts it, Brian Goodall has prior experience working closely with them when he was VP of Downstream Technology at Sapphire Energy, and has Kemper’s “personal confidence and support”.

Goodall’s work at Sapphire with Continental Airlines led to the first commercial US flight demo using an algae-oil mix.

Goodall was formerly VP of Tech Development at Imperium Renewables Inc., where he led the engineering team behind the world’s first commercial bio-jet fuel flight demo from London to Amsterdam.

Executive Director of the esteemed National Algae Association, Barry Cohen, cited Goodall’s vast knowledge of the algae-to-oil industry, his status as one of the most highly-respected people in the industry, and his vast network of connections within the field as evidence that OOIL will benefit tremendously from the appointment.

With 30 years in the industry, working in the US and Europe, Dr. Goodall has a proven track record holding senior positions in established multinationals like B.F. Goodrich, Royal Dutch/Shell Group, and Rohm &Haas.

Credited with 80+ patents, publisher of 60 scientific journal papers and the inventor of the Super High Activity Catalyst (responsible for over one-third of global polypropylene production) while he was at Royal Dutch/Shell, Dr. Goodall received his Ph.D. in Organometallic Chemistry and BSc in Chemistry from the University of Bristol, and a NATO Postdoctoral fellowship from the University of Chicago.

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Public Media Works, Inc. (PUBM.OB) Moves to Acquire VideomaticCanada

Tuesday, June 29th, 2010

Public Media Works, Inc., www.publicmediaworks.com – the technologically-forward leader in entertainment which also distributes demographically relevant digital media via subsidiary, EntertainmentXpress (using a self-service kiosk architecture), disclosed details about the signing of a Letter of Intent to acquire Ventures, Inc., DBA VideomaticCanada, today.

Consistent with ongoing PUBM due diligence, the companies anticipate an all-stock transaction within six to eight weeks.

Current growth rate projections indicate that VideomaticCanada is well on its way to achieving the goal, set by management, of becoming Canada’s largest DVD kiosk network in 2010. VideomaticCanada is currently Canada’s second largest DVD and videogame kiosk network, with 92 kiosks projected to be in the field by this August.

Beginning in 2006, VideomaticCanada began installing 24/7 availability, self-service DVD kiosks, and is rolling out innovative new features to stay on top of the kiosk market, including downloadable content for mobile devices, online searchable database, and a kiosk-specific customer retention program.

CEO of PUBM, Garrett Cecchini, praised the outstanding kiosk technologies VideomaticCanada has cooked up by characterizing them as “years ahead” of anything he has seen in the entire industry.

Mr. Cecchini emphasized that, by combining infrastructures – PUBM’s channel sales partners and content acquisition prowess with VideomaticCanada’s established operational profile – they would be able to “asymmetrically dominate specific territories and markets”.

CEO of VideomaticCanada, Jeremy Ostrowski, hailed the deal as perfect, pointing out that becoming part of PUBM will immediately open up vast avenues for expansion throughout Canada.

Mr. Ostrowski cited VideomaticCanada’s mastery of the kiosk market space as dovetailing nicely with PUBM’s directive, resulting in a combined product offering which is clearly differentiated from competitors and able to push out globally with its business model.

The parties have agreed that Ostrowski will receive a seat on the board and become a member of senior management at PUBM. The deal is pending a definitive acquisition agreement subsequent to the customary auditing of VideomaticCanada.

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US Dataworks, Inc. (UDWK) Reports Profit in First Quarter of 2010

Tuesday, June 29th, 2010

US Dataworks, Inc. reported net income of $85,379 or $0.00 per share, in the first quarter that ended 3/31/2010. The company reported a net loss of $181,221, or $0.01 per share, in the corresponding quarter of 2009.

Revenue increased on a year over year basis in the first quarter of 2010 to $2.1 million from the $1.8 million reported in the first quarter of 2009. The segment showing the biggest improvement was the software licensing business.

Charles E. Ramey, the CEO of US Dataworks, Inc. sounded upbeat about the upcoming year for the company. “We entered fiscal 2010 as a year of transition and began to benefit from certain initiatives toward the end the fiscal year, which concluded on a very positive note, and we anticipate that fiscal 2011 will build upon that momentum,” said Ramey.

US Dataworks, Inc. recently introduced a new product called ClearHistory. The product provides long-term storage of payment and other transactions. During the first quarter of 2010, US Dataworks, Inc. reported strong inroads in getting its customers to buy ClearHistory.

US Dataworks, Inc. reported cash and cash equivalents of $444,000 at March 31, 2010, and total debt of approximately $3 million.

For more information on the company, go to www.usdataworks.com

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China Cablecom Holdings, Ltd. (CABL) Reports Large Increase in First Quarter Revenues

Tuesday, June 29th, 2010

China Cablecom Holdings, Ltd. reported that sales in the first quarter of 2010 were $13.4 million, compared to $10 million in the first quarter of 2009. The management of the company attributed the large increase to strong growth in its subscriber base, and higher subscription and installation fees.

Clive Ng, the Executive Chairman of China Cablecom Holdings, Ltd., said, “We are so pleased to be reporting such a strong quarter. The performance of both operations in Binzhou and Hubei have exceeded our expectations and delivered significant growth in revenues, EBITDA, subscription, digitization and ARPU.”

China Cablecom Holdings, Ltd. reported that the company’s Hubei segment had sales of $10.3 million in the first quarter of 2010, and added 40,000 subscribers during the quarter. The company reported that the company’s Binzhou segment had sales of $3.1 million in the first quarter of 2010.

China Cablecom Holdings, Ltd. provides cable television services in China in a joint venture ownership structure. The company has a 60% economic ownership in the Binzhou segment and a 55% economic ownership in the Hubei segment.

China Cablecom Holdings, Ltd. updated its guidance for 2010 and said that revenues for the full year will be between $50 million and $55 million. This guidance is based on a total of 1.8 million subscribers for the year.

For more information on the company, go to www.chinacablecom.net

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Alimera Sciences, Inc. (ALIM) Submits New Drug Application for Treatment of Diabetic Macular Edema

Tuesday, June 29th, 2010

One company that is starting to earn attention within the pharmaceutical sector is Alimera Sciences, Inc. Located in Alpharetta, Georgia, Alimera is a biopharmaceutical company that specializes in the research, development and commercialization of prescription ophthalmic pharmaceuticals. Today, Alimera took a major step towards enhancing its future with the submission of a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) for Iluvien.

Iluvien is Alimera’s investigational sustained drug delivery system releasing sub-microgram levels of fluocinolone acetonide for the treatment of diabetic macular edema (DME). In the submission, Alimera requested priority review, which, if granted, could result in an action letter from the FDA in the fourth quarter of 2010.

Leading the team at Alimera is Dan Myers who serves as the company’s president and CEO. When asked what this NDA meant to the future of Alimera, Myers was quoted as saying, “This is a significant milestone for all of us at Alimera, and represents a major advance toward a rapid and sustained visual acuity benefit for DME sufferers. We believe that Iluvien(R), if approved, will provide a needed alternative to the multiple injections of corticosteroids and anti-VEGF therapies used off-label for extended efficacy in DME. We believe this would be the first ophthalmic drug therapy to be approved for DME and the only DME treatment that works in terms of years, not months.”

Alimera is currently conducting two Phase 3 pivotal clinical trials which are known as the FAME Study. The study for Iluvien will involve 956 patients in sites across the United States, Europe, Canada and India and will allow Alimera to access the safety of Lluvien for the treatment of DME with both high and low doses.

To learn more about Alimera, visit the company website at: www.alimerasciences.com.

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OurPet’s Company (OPCO.OB) Signs Purchase Agreement for Cosmic Pet Products

Tuesday, June 29th, 2010

OurPet’s Company announced today that they have entered into an asset purchase agreement to acquire certain assets of Cosmic Pet Products. Under the terms of the agreement, OurPet’s will acquire all of Cosmic Pet’s brands including the well-known Cosmic Catnip line. Completion of the transaction is subject to due diligence by OurPet’s and other standard conditions to closing; however, it is expected to close during the third quarter of 2010.

Per the agreement, Cosmic Pet will continue operations at its Hagerstown, Maryland facility as a division of OurPet’s. Part of the plan also includes for OurPet’s to enter into an agreement for sales representation on key products with an affiliate of Cosmic Pet.

Cosmic Pet has had several companies vying to acquire them recently, but, according to Leon Seidman, President and founder of Cosmic Pet in 1975, “they didn’t feel right, primarily because we never felt comfortable about their shared commitment to quality.” With regards to signing the agreement with OurPet’s, Mr. Seidman stated, “OurPet’s had exactly what we were looking for: a commitment to excellence and cat care, a passion for growth and innovation and a genuine concern for the future of our employees. We’re confident that 10 or 20 years from now, Cosmic Catnip is still going to stand for all of the good things that it stands for today, because OurPet’s is guided by the same principles that have shaped our company.”

Dr. Steve Tsengas, the president and founder of OurPet’s, echoed Mr. Seidman’s feelings. “Play-N-Squeak Toys and Cosmic Catnip both represent the standard of excellence in their respective markets,” he said. “The realistic mouse sound that has made Play-N-Squeak Toys so successful was the result of a great deal of extensive research and development. If you look at Cosmic Catnip, you see the same principles at work; it became the best catnip on the market as a result of a lot of hard and intelligent R & D work. Both companies share this vision of excellence.”

It is anticipated that the purchased assets of Cosmic Pet will contribute approximately $2.25 million-$2.75 million in revenue and will be accretive to earnings during the next 12 months. OurPet’s already has a substantial line of consumer products on the market both nationally and internationally including their Play-N-Squeak toys, which won a 2008 Cat Fancy Choice Award. Future plans for more products are already being formulated. “We believe the synergies from our combination of products to make us even stronger than we are today,” said Scott Fitzhugh, Vice President of Sales and Marketing at OurPet’s. “You can expect to see a lot of creative new cat products introduced to the market as a result of this transaction.”

To learn more about OurPet’s Company, visit one of the Company’s many websites including www.ourpets.com, www.smartscoop.com, www.ecopurenaturals.com and www.playnsqueak.com.

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ALR Technologies (ALRT.OB) Announces Board Changes; New President and Chief Operating Officer Appointed

Tuesday, June 29th, 2010

ALR Technologies, Inc. announced yesterday the appointment of Lawrence (Larry) Weinstein as President and Chief Operating Officer. Mr. Weinstein will assume the positions as of July 1, 2010 and be replacing Sidney Chan who will become Chairman and Chief Executive Officer upon the retirement of Stanley Cruitt who had been serving as ALR’s Chairman.

Mr. Weinstein will be departing his roles as Senior Vice President of Operations at PRE Holding, Inc. and as President of Hydrate, Inc. to assume the new position with ALR. Mr. Weinstein has extensive experience in the development and launch of medical products including 11 years with Cordis Corporation, a Johnson and Johnson company, 6 years with DHD Healthcare Corporation and, most recently, 9 years with Pari Respiratory Equipment.

Mr. Chan, commented, “Larry Weinstein brings a skill set and experience that will be invaluable as the company introduces the ALRT Health-e-Connect (HeC) monitoring system. Our product will be invaluable for the healthcare industry to achieve better health outcomes and contain costs.”

ALR Technologies has maintained a very low profile over the last six months without issuing any press releases other than SEC filings. We spoke with Mr. Chan regarding the silence and he commented, “At ALR Technologies, we are concerned with issuing press releases that contain significant developments for our shareholders.” Mr. Chan continued, “Our shareholders know that we have been diligently developing and marketing our business while working to meet all FDA requirements for our Health-e-Connect System. We have also been putting the finishing touches on our brand new website designs which went live on Friday. The time is rapidly approaching that our toils will be coming to fruition and we will have many significant developments to announce to the public.”

On a side note, Mr. Chan also commented that the website has a few very minor tweaks that will be incorporated this week.

More information on ALRT, their proprietary Health-e-Connect (HeC) System and the investment opportunity that the company presents can be derived from their newly-designed website at www.alrt.com.

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EVCARCO, Inc. (EVCA.OB) Launches Partnership with duPont Registry and Barrett-Jackson Orange County Event

Tuesday, June 29th, 2010

EVCARCO, Inc. announced yesterday that their all-electric Italian roadster, Tazzari Zero, was showcased at the innagural Orange Country Auction of the prestigious Barrett-Jackson Auction Company. This event signified the launch of EVCARCO’s partnership with leading automotive publication, duPont Registry. duPont Registry publishes six luxury/lifestyle titles that reach individuals whose net worth significantly exceeds what is traditionally considered upscale and markets itself as “The World’s Premier Luxury Marketplace.”

Barrett-Jackson, established in 1971, has elevated itself to the pinnacle of auto auctions over the years as it specializes in providing products and services to classic and collector car owners, astute collectors and automotive enthusiasts around the world. The Barrett-Jackson Auto Auctions are one of the only auctions in the world to receive live national coverage. For the Orange Country Auction, the SPEED Channel provided 18 hours of live, high-definition TV coverage during the three-day event.

Craig Jackson, Chairman/CEO of Barrett-Jackson commented, “Barrett-Jackson is excited to kickoff our inaugural Southern California automotive lifestyle event with such an exciting docket of collectible cars,” said Craig Jackson, Chairman/CEO of Barrett-Jackson. “Our Orange County event will offer high octane energy and excitement unlike anything Southern California has seen.”

Dale Long, CEO of EVCARCO, stated, “This auction attracts automotive enthusiasts from across the globe as well as International media, this is the perfect Kickoff event to launch our relationship with duPont Registry. The Tazzari-Zero is a highly unique all electric prestige statement and it gained significant attention at this event. We were proud to showcase this all electric vehicle at this spectacular event.”

EVCARCO has been aggressively marketing itself for over a month since the EVCARCO board approved intensive global marketing and public relations program as announced in a press release from May 18, 2010. Recently EVCARCO showcased their electric vehicles during environmental events at the Kennedy Space Center. NASA’s Kennedy Space Center held a series of events to showcase electric vehicles and electric drive systems. With plans for further international exposure, the Barrett-Jackson event was one of the first in a series of high profile events launched by EVCARCO for corporate and public attention.

EVCA is a tightly traded stock with approximately 14 million shares in the public float. EVCA closed at $.04 yesterday with 19,000 shares traded. More information on EVCARCO can be found on the Company’s website at www.evcarco.com.

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Topaz Resources, Inc. (TOPZ.OB) Announces Substantial Increase in Activity in the Barnett Shale

Tuesday, June 29th, 2010

Topaz Resources, Inc., an independent oil and gas company focusing on production, acquisitions and developmental drilling opportunities within proven producing areas of north, central and west Texas, recently announced an increase in activity in the Barnett shale formation in north and central Texas.

According to Baker Hughes Incorporated data, the number of horizontal natural gas rigs has jumped to its highest level over the last 2½ years. This increase is primarily a result of all of the horizontal drilling being done to produce natural gas from shale. Horizontal rigs currently comprise approximately 64 percent of the natural gas rig count and that vertical and directional rigs account for 20 percent and 16 percent of this total, respectively, according to the Energy Information Administration’s weekly natural gas update.

Ted Munden, president and chief executive officer of Topaz Resources, stated, “This increased activity has been expected. The increase in natural gas prices from below $3.00 per Mcf during 2009 to over $4.50 with projections of $5.00 to $6.00 per Mcf in the fourth quarter of 2010 and 2011 has been a catalyst to increased drilling in the Barnet shale formation, which has become one of the biggest natural gas plays and drilling booms in the continental United States and the largest producing gas field in Texas.”

For additional information, please visit www.topazresourcesinc.com.

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Todays Alternative Energy Corp. (BSOM.OB) Announces Plans to Open Green Cleaning Products Production Facility

Tuesday, June 29th, 2010

Todays Alternative Energy Corporation recently announced plans to open a production facility. This new facility will manufacture a new line of industrial strength, environmentally friendly biodegradable cleaning products for consumers.

The Company will manufacture cleaning products in the production facility using their own scientific formulas. These formulas combine only natural ingredients. In addition, they contain no ammonia, phosphates, dyes, artificial scents or toxins. The formulation of the products is to safely and naturally remove oil and grease.

Todays Alternative Energy Corporation will launch the new line by offering a suite of household cleaners. They also have plans to extend the line by introducing new products for the commercial and industrial cleaning supplies markets.

The Company will locate the production facility in San Antonio, Texas. This is to take advantage of the city’s business friendly low operating cost environment, its prime location for distributing the Company’s cleaning products to retailers nationwide and its proximity to a highly skilled workforce.

Todays Alternative Energy Corporation is now reviewing and negotiating production facility proposals submitted by the final candidates. They expect to reach an agreement and start building out the facility in July 2010.

Mr. David Bennett, Todays Alternative Energy Corporation (TAEC) Chief Executive Officer, said: “We are excited to announce plans to open TAEC’s new production facility that will manufacture our line of powerful scientifically formulated green cleaning products. San Antonio is a community that is creating a green city, which mirrors our mission to provide consumers with potent eco-friendly biodegradable home cleansers. We look forward to starting production and launching sales to take advantage of growing consumer demand for green household cleaners.”

Headquartered in Estero, Florida, Todays Alternative Energy Corporation operates a biodiesel division that intends to use extraction technology to convert waste cooking oil and grease into a biodiesel fuel ingredient sold to biodiesel fuel producers. The design of their business is to eliminate environmental issues associated with disposing of waste cooking oil and grease. The Company also operates a cleaning division. This division will manufacture and sell a new line of industrial strength environmentally friendly biodegradable cleaning products. These products will contain natural non-toxic ingredients made more powerful by the Company’s own scientific formulations.

For more information visit: www.todaysalternativeenergy.net

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