Archive for August, 2010

Delek Group Ltd. (DGRLY.PK) Posts First Half and Q3 2010 Financial Results

Tuesday, August 31st, 2010

Delek Group Ltd. today reported its financial results for the three- and six-month period ended June 30, 2010.

Group revenues in the second quarter of 2010 amounted to NIS 10.4 billion, compared with NIS 10.8 billion in the second quarter of 2009.

For the first six months of 2010, Delek reported group revenues at NIS 21.8 billion, an increase of approximately 10 percent compared with NIS 19.9 billion in the same period in 2009. The company attributes the increase in six-month revenues primarily to increased sales at the refinery in Tyler, Texas.

Operating profit in the second quarter of 2010 totaled NIS 676 million, an increase of 32 percent compared to NIS 513 million reported in the second quarter of 2009.

Delek’s operating profit for the first six months of 2010 totaled NIS 1.1 billion, an 18 percent increase compared to NIS 940 million in the same period in 2009.

The company reported net income in the second quarter at NIS 64 million, compared with NIS 233 million reported in the comparable quarter of 2009. Net income for the first six months was NIS 269 million, compared with the NIS 380 million in the comparable six months of 2009. The company attributes the reduction to an increase in financial expenses at some of its subsidiary companies.

Group total assets as of June 30, 2010, amounted to NIS 86.2 billion, compared with NIS 84.3 billion as of December 31, 2009.

Asaf Bartfeld, CEO of Delek, said the company is pleased with its results for 2010 thus far, and that it will execute a strategic business deal in the fourth quarter that will boost its operations.

“We are happy with our performance so far in 2010. All our businesses are performing well and we are seeing a solid improvement in the results of Delek Europe, which contributed significantly to our profitability in the first half of this year. In the fourth quarter we will complete the purchase of BP’s retail fuel and convenience store business in France, a strategic deal for us which will significantly expand our activities in Europe. Furthermore, in our upstream sector, we are excited about the initial exploration drilling that we will commence in the coming months at the Leviathan prospect off the coast of Israel. We remain highly focused on investing in our oil and gas exploration activities, which has been highly successful to date and has tremendous potential for the Group,” Bartfeld stated in the press release.

For more information visit www.delek-group.com

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S&W Seed Company (SANW) Reports Sales Increase During Fiscal 2010

Tuesday, August 31st, 2010

S&W Seed Company reported net income of $0.38 million, or $0.11 per diluted share, for fiscal 2010. The company reported net income of $0.37 million, or $0.13 per diluted share, in fiscal 2009.

S&W Seed Company reported a sharp increase in sales on a year over basis. The company reported $6.7 million in sales in fiscal 2010, compared to $4.9 million in fiscal 2009.

S&W Seed Company recently became a public company through an initial public offering of stock. The company sold one million units at a price of $11.00 per unit, with each unit consisting of two shares of stock and two warrants.

S&W Seed Company signed an agreement during fiscal 2010 with Pure Circle, which is a large producer of stevia sweeteners. The contract calls for Pure Circle to purchase a minimum of 2.2 million pounds of stevia leaf from the S&W Seed Company over the first two years.

S&W Seed Company also has a solid balance sheet to help carry the company through the uncertain economy. The company reported $7.8 million in cash as of 6/30/2010, with no debt.

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

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China Gerui Advanced Materials Group Ltd. (CHOP) Reports Second Quarter 2010 Results

Tuesday, August 31st, 2010

China Gerui Advanced Materials Group Ltd. reported a strong year over year increase in net income and sales in the second quarter of 2010 ending 6/30/2010. The company reported net income of $12.1 million in the second quarter of 2010, compared to net income of $11.4 million in the corresponding period in 2009. This represented a six percent increase in net income.

China Gerui Advanced Materials Group reported a sixteen percent increase in sales. The company reported sales of $64.0 million in the second quarter of 2010, compared to $55.4 million in the same quarter of 2009. The management of China Gerui Advanced Materials Group Limited attributed the increase in sales to higher volumes of products sold rather than pricing.

Management was also optimistic about the future results of the company despite the possibility of a double dip in the economy.

“We continue to see strong demand for our products and as our new production lines focused on higher priced, higher margin products commence production later this year, we expect to achieve sustained increases in sales, margins, and earnings performance,” said Mingwang Lu, the CEO of China Gerui Advanced Materials Group Limited.

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

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UFood Restaurant Group, Inc. (UFFC.OB) Expands via New Agreement with Robinson Hill Hospitality Group

Tuesday, August 31st, 2010

UFood, www.ufoodgrill.com, has modeled its success around a very simple philosophy of providing great-tasting/healthy food fast. Today the Company announced the signing of an area development agreement with Robinson Hill Hospitality Group (RHHG) of Chicago which will result in tacking on several new UFood Grill locations at five major US airports.

President of the decade-old airport food franchise operating company, RHHG’s Dee Robinson, welcomed the expansion and cited the incredible success of the recently opened Cleveland/Hopkins Airport UFood Grill by RHHG as instrumental to continued cooperation.

Chairman and CEO of UFFC, George Naddaff, named Robinson personally in welcoming this franchisee into further expansion by the Company, noting the surging popularity of the UFood Grill menu among travelers as a delicious and nutritious alternative to competitors.

The UFood Grill menu consists of food made with a back-to-basics approach emphasizing great taste and quality ingredients, from whole grains and choice meats to fresh organic produce, light cheeses and dressings – all items baked, steamed, or grilled and containing zero trans fats.

By designing a menu around eating profiles, UFFC managed to create a robust palette which accommodates all special dietary requirements from Vegetarian to Gluten-Free and Low Carb.

Naddaff cited colleges and hospitals as additional targets for UFood expansion, and quickly summarized other recent relevant activity:

• June – master license agreement with Hudson Group Retail LLC for 10 units in major US airports
• July – agreement with Congusto, L.P., Texas to develop 35 units, and the opening of the Cleveland/Hopkins Airport location

With a variety of traditional locations, as well as prominent sites at Boston Logan and Dallas-Fort Worth airports, UFood is rapidly becoming a well-known destination for health-conscious travelers seeking the best in tasty food on-the-go.

The growth strategy looks solid, and should prove a viable investment vehicle for shareholders in this Boston Market creator-run outfit that won ARN’s Best New Airport Concession for concept in 2009. UFood also continues to generate outstanding feedback from customers who enjoy the attractively-priced and healthy fare.

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Endeavour International Corporation (END) Sells Off One North Sea Asset for $110M, Applies Cash to Remaining Developments

Tuesday, August 31st, 2010

Endeavour International, www.endeavourcorp.com – the independent oil and gas exploration firm focusing on the North Sea and the US, announced the signing today of a definitive agreement with Bayergas Norge AS subsidiary, Bayergas UK Ltd., effectively selling the Company’s Cygnus asset in the North Sea’s Southern Gas Basin for reported $110 M cash.

Unburdened by any current tax payable, the cash proceeds will be directed towards the development of END’s Bacchus and Rochelle projects in the North Sea, as well as the onshore Haynesville shale project in the US.

With closing projected in the next 60 days, pending approval by the Boards of both companies and subject to few government and joint venture partner approvals, END can look forward to being fully capitalized as development proceeds elsewhere.

Chairman and CEO of END, William L. Transier, commented on the strong cash position the deal puts the Company in, projecting near-term production and cash flow growth as natural results, and thanked strategic advisors Jefferies International Limited and Lambert Energy Advisory Ltd. for helping to negotiate the agreement.

Transier noted how the already-successful US initiative has increased overall daily output by END to 6k BOPD (roughly 50% from the US), calling this transaction the perfect step towards consolidating North Sea operations for similar output increases. Near-term profitability for END appears to be attainable, as the previously mentioned Haynesville play of Louisiana just saw the third high-volume output well successfully completed in the Woodardville Field (22.6M cubic feet/day on a 24/46 choke at roughly 8k lbs of pressure).

Substantial development potential for North Sea operations should flesh out the earnings nicely, and with plenty of cash to throw around after this deal, END should prove its earnings potential to investors very soon.

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Niusule Biotech Corp. (NIUS.OB) Inks Distribution Deal with China Nepstar for Gummy Bear Product

Tuesday, August 31st, 2010

Niusule Biotech Corp. is a rapidly emerging China-based bio-pharmaceutical company focusing on animal-health products and human nutraceutical supplements. The company’s human product line has a retail distribution network of 226 outlets throughout China, including supermarkets and shopping malls.

The company today announced a distribution agreement with China Nepstar Chain Drugstore Ltd., China’s largest retail drugstore chain based on the number of directly operated stores. The agreement took effect August 25 and calls for the distribution of Niusule’s nutrition supplement product Gummy Bear in Nepstar’s 55 stores in Hangzhou. In the future, Niusule said it expects to extend sales through Nepstar’s extensive network to Shanghai, Ninbo, Tianjing and Suzhou.

Amy Hu, CEO of Niusule, praised Nepstar’s industry experience and professionalism, and said the company will complement Niusule’s expansion efforts.

“We are honored that Nepstar has chosen our Gummy Bear products to expand its fine selection of nutrition supplement products nationally,” Hu stated in the press release. “Their professional sales team and reputation for outstanding customer service in the drugstore industry, coupled with their years of extensive business and trade experience will be a valuable asset for the growth and the promotion of the Gummy Bear. The domestic nutrition product market for children is extremely large and we believe that the cooperation with Nepstar will be a tremendous asset as we continue to expand our footprint in the industry.”

For more information visit www.niusule.com

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Electro Rent Corp. (ELRC) Featured by TinyGems

Tuesday, August 31st, 2010

For more than three decades, Electro Rent Corp. has focused the efforts of every department to supply quick answers and rapidly fill orders. As one of the world’s oldest and the largest rent/lease providers of test and measurement equipment, the company has established relationships with major industry manufacturers that go back decades. Because Electro Rent’s annual purchases are often larger than the competition, top-name manufacturers give the company priority and information competitors simply cannot attain.

Today, Electro Rent leads the international rent/lease industry through its flexible financial programs, administrative services, and knowledgeable sales/technical staff. It offers its test and measurement equipment to Fortune 500 companies operating in aerospace and defense, semiconductor, electronics, and telecommunications industries. Across North America, Europe, and now Asia, corporations of every size rely on the company for smarter solutions to acquire the tools needed.

In recent news, the company was recognized as one of Forbes’ “100 Most Trustworthy Companies” for the second year in a row. The annual survey, created for Forbes by independent financial analytics firm Audit Integrity, recognizes companies for consistently demonstrating “transparent and conservative accounting practices and solid corporate governance and management.” Daniel Greenberg, Chairman and CEO of Electro Rent stated that the company was honored by the recognition.

Holding $270 million in assets with only $40 million in total liabilities, the company has enough cash and equivalents on hand to completely pay off all debts and have $20 million left over. Electro Rent also shines with an annual dividend yield of over 4% with insiders holding nearly a third of the shares outstanding. Currently one analyst covers the stock with a “Strong Buy” rating and $18 price target.

If you would like sign up for the TinyGems Monthly Newsletter and discover new, undiscovered small-cap companies, visit www.tinygems.net.

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Far East Energy Corp. (FEEC.OB) CEO to Present at US-China Oil & Gas Industry Forum

Tuesday, August 31st, 2010

Far East Energy Corp. is focused on exploring some of the largest coalbed methane (CBM) projects in China through its agreements with ConocoPhillips and China United Coalbed Methane Company. Coalbed methane is a form of natural gas that is extracted from coal beds.

Far East Energy announced today that Michael R. McElwrath, president and CEO of the company, will be a featured speaker at the US-China Oil &Gas Industry Forum to be held at the Omni Hotel in Fort Worth, Texas on September 14-16, 2010. Mr. McElwrath and/or company chairman, Donald Juckett, have attended the forum annually since its inception in 2004.

The annual event is held in either the United States or China. It contributes to gas policy development in China and provides a platform for commercial policy dialogue. High-level government officials from the US Department of Energy, US Department of Commerce and China’s National Development and Reform Commission and National Energy Administration will be in attendance. Also attending are representatives from both the US and Chinese oil and gas industries.

In addition to keynote speakers, there is an open discussion format designed to encourage dialogue on energy policy and related commercial issues. Mr. McElwrath spoke of the importance of the annual event, “It provides an excellent opportunity to not only influence Chinese energy policy, but also to discuss commercial issues of concern to both countries.”

For further information about Far East Energy, please visit the company’s website at www.fareastenergy.com.

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Simulated Environment Concepts, Inc. (SMEV.PK) SpaCapsule Continues To Appeal To Worldwide Market

Tuesday, August 31st, 2010

Simulated Environment Concepts Inc., developers of SpaCapsule®, the multi-functional standalone dry water massage and relaxation system now used in spas and clinics around the world, wisely decided early on not to limit themselves to the U.S. Their high-end massage and sensory stimulation offering was better suited for a worldwide market, tapping into a much wider range of lifestyles. When the company signed a manufacturing deal with French company Zen & O to produce 250 SpaCapsules, it was a testament to the personal wellness industry thriving in Europe. France went on to become one of SE Concept’s best markets.

An even better example is the company’s recent inking of a multi-million dollar international production deal with UAE distribution company I. SEPTA Co., Ltd. The agreement calls for the manufacture of at least 150 SpaCapsules for use throughout the Middle East. The special appeal of SpaCapsule in the Middle East is due to the unique social rules and restrictions that tend to govern even the most personal aspects of daily life in the region. Dr. Ilya Spivak, Marketing Director and co-founder of SEC, said it best: “The global Muslim population is approximately 1.82 billion individuals. Considering the strict modesty rules preventing cross-gender massage, this deal opens the door to our SpaCapsules being used by the Islamic community throughout the world, positioning our company for continuous expansion, viability and use.”

The arrangement covers production and distribution over a period of four years, with an average of 38 SpaCapsules to be ordered every year. In addition, there is also the possibility that the agreement could be accelerated, with fulfillment in as little as two years.

SEC Chairman and CEO, Dr. Ella Frenkel, commented, “This manufacture and distribution agreement continues to expand our reach into the Middle East. It is a true compliment to our previous arrangements with Jordan and Egypt and will likely increase acceptance and sales throughout the region.”

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

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Emisphere Technologies (EMIS.OB) is “One to Watch”

Tuesday, August 31st, 2010

One of the hottest areas in medicine today is drug delivery. Even the most beneficial drugs in the world are of little value if they cannot be successfully introduced when and where they are needed. Any company that comes up with a more effective technology in support of this stands to realize almost unlimited revenue potential in as much as it can be applied to multiple drug applications, opening the door to continued profitable growth. The road to final acceptance, of course, can be long and hard, requiring extensive up-front investment to develop and finally release a new delivery candidate.

Emisphere Technologies (OTCBB: EMIS) is a New Jersey based biopharmaceutical company that has already taken those critical first steps. It has come up with a new technology for drug delivery, and is now developing the novel products based on it to move into the marketplace. The company has a broad-based proprietary drug delivery platform called the Eligen® Technology, which improves the body’s ability to absorb select molecules. The approach provides a demonstrated safe method of transporting targeted molecules to where they are needed, while in no way affecting their biological benefit. Many of these molecules are currently injected, which can limit their beneficial effect due to poor bioavailability, slow onset of action, or inconsistent absorption. The Eligen Technology overcomes these problems, while offering a variety of delivery pathways.

The net result of the new approach is the enhancement of overall healthcare, including patient accessibility and compliance, while also benefitting the commercial pharmaceutical marketplace. One of Emisphere’s core business strategies is to use this proprietary technology to develop new oral forms of injectable drugs or poorly absorbed compounds. The broadly applicable Eligen Technology, together with Emisphere’s current product candidates in the pipeline, represent the foundation of its value proposition and a significant opportunity for growth. Emisphere’s pipeline includes product candidates that have reached clinical development, plus a variety of preclinical research and development programs.

Emisphere is carrying out these programs independently, as well as in collaboration with pharmaceutical and biotechnology companies. Promising marquee products in the pipeline include an improved formulation of oral Vitamin B12, oral calcitonin for osteoarthritis and osteoporosis (in Phase III development with Novartis), and oral GLP-1 and GLP-1 analogs for Type 2 diabetes. They are individual products representing the tip of what could be a very large iceberg, and a good reason for taking a close look at Emisphere Technologies.

For additional information, visit the company website at www.Emisphere.com.

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Constitution Mining Corp. (CMIN.OB) is “One to Watch”

Tuesday, August 31st, 2010

In the all too painful investment environment that has defined the last couple years, it’s no surprise that investors have increasingly looked toward gold, the traditional hard-times hedge. Since 2005, the price of gold has skyrocketed and gold mining stocks have attracted worldwide attention. The advantage of early-stage gold mining stocks is that they represent a train that has still not left the station. Gold is expensive, but shares of many gold exploration companies can still be purchased cheaply because they’re still in the early development stage. When and if a company strikes success, the huge difference between original share price and the market demand for gold immediately comes into play. It’s one of the biggest risk-reward plays in town.

But grabbing onto just any gold mining stock is a one-way ticket to nowhere. While others are investing in anything that shines, you need to look for a company with a superior exploration and development strategy. Constitution Mining Corp. (OTCBB: CMIN) has one of the most clearly defined approaches in the industry. It’s based on a real-world understanding and acceptance of the risks involved in gold exploration.

• First and foremost, the company believes that accepting such risks only makes sense when the potential payoff is big. As a result, they’ve made it a part of their core strategy to devote resources only where there is real and visible potential for an elephant-sized reward. Small deposits of gold can be found all over the world, but only certain districts offer the possibility of multi-million-ounce finds.

• In addition, they only go where there are few if any unreasonable political risks, even for big projects. In other words, they target areas where gold exploration is respected and encouraged, states and nations that are mining-friendly. This means places where taxes and sovereign royalties are reasonable, and where the regime for mineral rights is well-established and stable.

• Finally, they have assembled a management team with very specific big-mine experience, and they work with industry partners that share their go-big philosophy.

True to their word, Constitution Mining’s current projects are in some of the richest and yet most stable locations anywhere: 178 square miles of Gold Sands in northeastern Peru, and 2,141 claims in Nevada, largely in the prolific Walker Lane gold belt. The Nevada base alone could represent 308,000 ounces of gold (nearby Round Mountain has produced more than 10 million ounces of gold). Try multiplying those numbers by the current price per ounce of gold, and you’ll get an idea why Constitution Mining’s “think big” approach is worth serious consideration.

For additional information, visit the company website at www.ConstitutionMining.com.

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India’s Economy Grows at Record Pace

Tuesday, August 31st, 2010

While the global economy has suffered many setbacks in the last two years, the economy of India is starting to grow at a record pace. While stuck in economic doldrums this same time last year, Asia’s third largest economy has witnessed an 8.8 percent growth in the June quarter.

While there are many factors which have helped this number soar, economists have looked at the farming and manufacturing output as the leaders in this positive news. While not known for their strong farming output, India has evolved into a force in the global farming industry.

In recent times India has been caught in what experts coin the “Great Recession”. In this recession, India, like many other countries, suffered economically on all fronts. Prior to the “Great Recession”, India experienced a growth rate of nearly 9 percent. With these past numbers as indicators of the economy, today’s numbers represent a great deal of hope for the country and the global economy as a whole.

In a bid to tame inflation, the Reserve Bank of India has raised key interest rates four times in the past year with the hopes of taming high inflation. While these attempts have been valid, economists claim these hikes have yet to filer out to the real economy.

In analyzing the numbers we see that quarterly manufacturing output surged 12.4 percent coupled with record auto sales in July. With this news, economists say consumer demand remains narrow and the shadow of global economic uncertainty is constraining capital spending and could have an adverse affect on credit growth and industrial production.

One renowned leader among economists is Shubhado Rao. When asked his thoughts on this report, Mr. Rao was quoted as saying, “Global uncertainty has taken a toll. The most important factor is not interest rates or availability of funds. It’s got to do with confidence. Every two months, you’re seeing a spate of bad news. Industrialists with big investment plans would “rather wait and watch” in that environment.”

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Vendum Batteries (VNDB.OB) Plans Expansion Due to Increased Demand

Tuesday, August 31st, 2010

Vendum Batteries, a battery technology development company with a pending patent on a non-toxic, carbon-based light-weight battery, recently announced that the company is looking to expand its operations to coincide with an anticipated surge in business demand.

The company’s paper-thin battery contains none of the toxic elements used in conventional batteries and its cutting edge carbon nanotube and cellulose-based technology makes it entirely biodegradable. Roughly 5 billion batteries are purchased in the U.S. alone, leaving 146,000 tons of battery waste behind. Given that the worldwide personal battery use is a growing $63 billion industry, the potential of this revolutionary non-toxic technology could be enormous.

In addition, there are reports that China, who accounts for more than 93 percent of production of rare earth metals, is planning to further restrict export quotas. Rare earth metals are vital to new technologies and clean energy applications including electric car batteries, wind turbines and low-energy light bulbs. Regardless of the possible exporting restrictions, demand for rare earth metals is rapidly outpacing supply and industry experts are predicting an annual shortfall by 2015.

Fraser Cottington, chief executive officer of Vendum Batteries, stated, “With a huge increase in demand for clean energy applications and the possibility of China shutting off further resources, Vendum is positioning itself to gain significant market share.” Mr. Cottington continued, “The industry outlook is appealing and we intend to capitalize on these strong growth prospects by offering a non-toxic, biodegradable alternative to rare earth metals.”

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

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Yippy, Inc. (YIPI.OB) Begins Marketing Initiatives this Week

Tuesday, August 31st, 2010

Yippy, Inc. yesterday reported the beginning of their marketing campaign. Yippy has entered into a contract with Salem Broadcasting to put banner ads across their internet properties. Total ads purchased were 2.5 million impressions.

In addition, they purchased 110 30-second ads “on air” with stations for their first two week campaign trails. These stations are KRLA-FM -Los Angeles, Glenn Beck Show; KFSH-FM – Los Angeles, The Fish; WFFI/WFFH – Nashville, The Fish; and KBIQ – Colorado Springs, The Fish.

Mr. Richard Granville, CEO, Yippy, Inc., said, “Each station will run 2 spots per day during optimum time slots, with the exception of Glenn Beck Show, which will run 3 spots per day initially for maximum exposure, then run 2 per show. Glenn Beck’s daily radio show is new to the Los Angeles area and is highly marketed, being that this area is the second most populous area in the country. This should give us a good idea how a national campaign will do and allow us to fully prepare for that event.”

Mr. Granville further added, “The company has also purchased a campaign on GlennBeck.com beginning 8/30/10 running through 9/12/2010 with Premiere Radio Networks, who represent Glenn Beck nationally for radio and web.”

Yippy, Inc. said they will delay their 10K report as the Company may as they report under the ’33 Act. They may elect to move onto another exchange or register under the ’34 Act in the next coming weeks. An annual report is forthcoming from Yippy, Inc.

The Company derived no significant revenues in 2010 fiscal year ending May 31, 2010. Total investment in Yippy, Inc. for the period was approximately 1.5 million dollars. The Company began recognizing revenue in July 2010 through their online properties.

Headquartered in Fort Myers, Florida, Yippy, Inc. is the provider of the world’s fastest, family friendly web browser and search engine. Formerly known as Cinnabar Ventures, Inc., Yippy, Inc., www.yippy.com, is a new economy technology company that develops technologies and application services environments for both Consumer and Commercial market segments in the cloud computing sector.

For more information visit the company’s website at www.yippy.com

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eDoorways Corp. (EDWY.PK) Announces Addition of Escue’s New Polo PowerChannel

Tuesday, August 31st, 2010

Today before the opening bell it was announced that eDoorways and Escue Polo LLC are joining teams to launch the Escue Polo PowerChannel. Escue plans to use the new channel to augment its current website located at www.escue-polo.com.

“Escue is a leading force on the world polo scene,” commented Gary Kimmons, CEO of eDoorways. “Polo aficionados span the globe, and now they will be able to connect with one another in a world-class venue.”

Originating over two decades ago as a small family operation, Escue Polo has grown to several worldwide locations including Monaco, France, Tunisia, Dubai, Pakistan, and Hong Kong, to name a few. Starting with a dream to create an unparalleled polo team and provide the local community with all the different services associated with polo, Escue has grown to be one of the top polo teams in the world, winning the prestigious U.S Open in 1998 and competing as defending champions in the 2005 Argentine Open.

“Our vision and dedication to the sport of polo has led us to further expand our involvement in the sport by providing a unique and sophisticated line of clothing,” stated Shah Quraeshi, Escue Polo’s managing director. “Our apparel will not only complement any polo player’s fashion, but will also enhance the wardrobe of those who want to make a statement in the community… And now, with the Escue Polo PowerChannel, we have an opportunity to engage with our clients in a powerful new way,” Shah continued.

“Our love for this sport, along with our dedication to detail and our sense of style represent our devotion to the needs of our customers,” added Shah. “From inception to completion of the final product, it is our goal to provide polo apparel which exceeds our customer’s expectations and truly reflects this noble sport,” Shah concluded.

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Converted Organics Inc. (COIN) Video Chart for Tuesday, August 31, 2010

Tuesday, August 31st, 2010

Yesterday, COIN tried to make a stronger move, but lost steam and closed with an upper shadow. Today, we will be watching again to see if the stock once again tries to make a move.

Please click the following link: http://www.qualitystocks.net/videocharts.php

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China TransInfo Technology Corp. (CTFO) Awarded Contracts Totaling $6.7M

Monday, August 30th, 2010

China TransInfo Technology Corp. is a leading provider of intelligent transportation systems for highway and urban transportation management in China. The company today announced its recently awarded electronic toll collection (ETC) contracts totaling RMB 44.6 million (approximately $6.7 million) in Shanxi Province, Shandong Province and Sichuan Province.

China TransInfo is primarily focused on providing transportation information services and comprehensive solutions based on Geographic Information System (GIS) technologies. The company owns software copyrights for 89 software products.

For the contracts announced today, China TransInfo will provide ETC electronics engineering machinery systems, ETC application system development and upgrading services, and 10,000 onboard electronic tags for highway authorities in Shanxi Province.

Additionally, China TransInfo will provide 10,000 onboard electronic tags and 120 readers for highway authorities in Shandong Province and Sichuan Province.

China TransInfo is one of only eight companies with a track record of successfully selling ETC- related products; the company won its first ETC project in Zhejiang Province in 2009, and then went on to win bids in Jiangsu, Shandong, Shaaxi Shanxi provinces and Tianjin Municipality.

Shudong Xia, chairman and CEO of China TransInfo said the company has a successful track record in winning projects throughout China and that the company anticipates further and continued growth in the ETC market.

“We are excited about the significant progress we have made in the ETC market,” Xia stated in the press release. “This year, with one exception, we have won projects in every province and municipality in China that solicited new bids. Our recent success in Shanxi, Shandong and Sichuan provinces further demonstrates strong market recognition for our products and technology and increases our market penetration in different regions, paving a solid foundation for us to continue to expand nationally. We expect strong growth in the ETC market as regulatory authorities continue to push implementation and car owners increasingly purchase and install onboard electronic tags. Based on our advanced technology, product advantage, brand equity and solid customer relations, we are confident that we will continue to benefit from the growth of the ETC market.”

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

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Pacific North West Capital Corp. (PAWEF) Updates Exploration Program in Canada

Monday, August 30th, 2010

Pacific North West Capital Corp. released an update on the company’s planned exploration and development activities at its mine project in Canada.

Pacific North West Capital Corp is currently planning to explore and develop the Rock and Roll Property in British Columbia. The company hopes to determine that the Rock and Roll Property contains gold, silver and other minerals that can be commercially extracted.

Pacific North West Capital Corp. plans to start the company’s exploration program in September 2010. The program will focus on a reexamination of previously extracted core samples and a review of geological maps.

In 2009, Pacific North West Capital Corp. obtained 540 meters of drilling core samples from the site, from a total of five separate holes. The drilling core samples contained intersections of gold, silver, copper, lead and zinc.

Pacific North West Capital Corp. also has more than 14,000 meters of drilling core samples extracted from the Rock and Roll Property from 1991 to 1997. The drilling core samples were taken from 110 separate holes at the property.

Pacific North West Capital Corp. has optioned the Rock and Roll Project from three separate outside parties, and the company can earn up to a 100% interest in the project by meeting certain targets on exploration expenses, and other criteria.

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

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Fronteer Gold Inc. (FRG) Moves to Acquire AuEx Ventures

Monday, August 30th, 2010

Fronteer Gold, www.fronteergold.com – which has its sights set on becoming a significant gold producer by leveraging strong financial footing and a robust operational team, announced today entry into an arrangement to acquire 100% of the outstanding shares of Nevada-based gold/silver exploration firm, AuEx Ventures, Inc.

Unanimous approval for the transaction came from AuEx’s Board, with directors and senior officers agreeing to vote their shares in favor. AuEx’s largest shareholder, with 22.5%, also approved the move.

President and CEO of FRG, Mark O’Dea, welcomed the acquisition as solidifying control of the Company’s flagship Long Canyon project in Nevada, and giving FRG a “dominant position in the Pequops”. The Long Canyon project is an advanced-stage, high-quality gold resource being aggressively moved toward production.

O’Dea spoke of how highly he values the strong relationship cultivated with AuEx, and acknowledged all of the hard work AuEx has put into developing the region for future production.

President and CEO of AuEx, Ronald L. Parratt, noted the attractive, immediate premium to shareholders, which lets them share in the future of Long Canyon via the FRG shares, and still gives them access to a wide variety of opportunities through the SpinCo shares.

Parratt praised the drive, strong capital position, and vision of FRG, projecting that Long Canyon would soon come to fruition as a producing revenue engine.

The plan of arrangement and transaction each have several requirements:

• AuEx shareholders to receive 0.645 of a Fronteer Gold share, $0.66 in cash and 0.5 shares in the new exploration firm to be called SpinCo per share of AuEx (excluding SpinCo shares roughly a 50.9% premium or diluted equity value of $280.8M based on volume weighted average of both shares from both companies on the TSX for 20-day period ending August 26 this year)
• SpinCo takes ownership of all AuEx exploration sites outside the Pequops District and will have $5M in cash
• 18.6% of the pro forma outstanding shares of Fronteer Gold (fully diluted) to be held by AuEx shareholders at completion of transaction
• 90.1% of SpinCo shares to be held by AuEx shareholders with the remaining 9.9% going to Fronteer
• Fronteer’s 51% owner/operator status of Long Canyon expanded to 100%, along with remaining AuEx interests in the Pequops District (including the South Pequop project and 49% interest in the West Pequop Project)

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China Industrial Waste Management, Inc. (CIWT.OB) Increases Capacity via Cooperation Contract

Monday, August 30th, 2010

China Industrial Waste Management, www.chinaciwt.com – a full-spectrum waste management firm serving Dalian and much of Liaoning Province, reported that its 90-percent owned subsidiary, Dalian Dongtai Industrial Waste Treatment Co., Ltd., signed a substantial waste management cooperation contract with Dalian Onoda Cement Co. Ltd., the production venture arm of established Japanese cement multinational, Taiheiyo Cement Co. Limited.

This contract follows up on the Letter of Intent between Dongtai and Onoda, signed in November of 2008, which has led to the processing of 3k tons of solid waste as part of a trial run using Onoda’s cement kiln to process the waste.

The contract also stipulates the formation of a joint research team by the two companies which will derive new waste management workflows/technologies from the extant collaboration.

CEO of Dongtai, Mr. Jason Dong, hailed the addition of yet another vital waste treatment method as significantly boosting overall industrial waste processing capacity, citing an immediate 36% (20k tons/year) improvement and an eventual 125-143% jump in five years.

Characterizing cement kiln processing as having a great future, given the size of China’s cement industry, Mr. Jason Dong also cited the vast environmental benefits when combined with resource utilization – benefits evinced by the replacement of large amounts of coal with organic waste products for cement production.

Indeed, inorganic waste (like casting sand) is also used, and the method itself opens the door to other materials, from waste plastics and tires to solvents or oils. An advanced cement production facility like Onoda is the ideal partner for Dongtai to cooperate with in the pursuit of technology which will ultimately potentially lead to increased profitability.

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GoSolarUSA Inc. (GSLO.PK) is “One to Watch”

Monday, August 30th, 2010

GoSolarUSA Inc. is focused on identifying, developing and manufacturing new solar energy technologies in the United States. They are working to advance clean American solar technology to compete in an industry sector that includes such companies as First Solar, Inc. (NASDAQ: FSLR). GoSolarUSA Inc. has their headquarters in New Orleans, Louisiana.

GoSolarUSA Inc.’s President, Tyson Rohde, has years of investment banking and business development experience. He has served as the Chief Operating Officer and a director for Southfield Energy Corporation, assisting with the origination and management of oil and gas investments. Mr. Rohde was also the Chief Executive Officer and director of Biotricity Corporation from December 2008 to 2010. There, he oversaw technological and business development activities.

On August 17, 2010, GoSolarUSA Inc. disclosed that they have scheduled initial tests to verify design parameters of the newly acquired “Solar Forced Air Furnace” technology (Patent Pending). They plan to initiate testing of Solar Furnace components next month, with additional testing expected to continue over the course of several months.

The design of initial tests will be to measure total heat transfer from solar tubes to specified volumes of air flow. Results from these tests will then be used to calibrate the system for design coordination with existing forced air heating systems.

Forced air heating systems are used in 35 Million homes in the United Sates. The Company’s new Solar Forced Air Furnace design will be to easily adapt to existing systems in these 35 Million homes to reduce heating costs and provide a low-cost, “green” energy source.

On August 27, 2010, GoSolarUSA announced that their management signed another groundbreaking deal with PREE Corp. to configure their proprietary PREEcharge technology for use with the iPAD and Kindle.

The PREEcharge technology captures electrons from WLAN and Bluetooth waves and converts them into power to recharge batteries for wireless devices. The technology also incorporates a small solar panel to augment the charge with solar energy. So far, the entire product development has focused on configuration for use with smaller wireless devices. With the funding from GoSolarUSA, PREE will be able to accelerate the development of the PREEcharge for use with wireless PC tablets.

“I was blown away by the potential of this new technology,” stated Tyson Rohde, President of GoSolarUSA. “The engineers and business development team at PREE are doing something profound, and I think people will understand its value fast.”

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China Pharmaceuticals Inc. (CFMI.OB) Posts Record Q2 Financials

Monday, August 30th, 2010

China Pharmaceuticals Inc., a leading manufacturer and distributor of prescription and over-the-counter pharmaceuticals, today announced record financial results for its second quarter ended June 30, 2010.

The company reported total revenue for the quarter of $10.44 million, up 105 percent from $5.08 million reported for the second quarter of 2009.

Gross profit increased 89 percent to $6.08 million, up from $3.21 million reported for the comparable period of last year.

Operating income grew 204 percent to $6.35 million as compared to $2.08 million reported for the second quarter ended June 30, 2009.

China Pharmaceuticals’ net income increased 208 percent to $5.37 million, or diluted earnings per share of $0.16, as compared to 2009 second-quarter net income of $1.74 million, or diluted earnings per share of $0.06.

“We are extremely delighted to report a strong second quarter of 2010, with revenues and net income significantly exceeding our expectations. We continue to believe that the factors that contributed to this performance were strong sales from our new products and the highly effective restructuring of our sales and marketing network. …,” stated Guozhu Wang, chairman and CEO of China Pharmaceuticals stated in the press release. “We are focused on continuing to expand our portfolio of high margin products and aggressively expanding our sales and marketing network that will allow us to continue to build sustainable growth in revenues and profits.”

As of June 30, 2010, the company had $6.73 million in cash. Working capital increased 94 percent to $17.94 million, up from $9.24 million as of December 31, 2009. Long-term debt remains at Nil. Shareholders’ equity as of June 30, 2010 was $36.88 million, as compared to $28.62 million at the end of December 31, 2009. Total assets as of June 30, 2010 amounted to $40.13 million.

China Pharmaceuticals also noted its optimism for the remainder of fiscal 2010, saying that it expects continued growth and expansion.

“Fiscal 2010 continues to be a transitional year for China Pharmaceuticals as we prepare for the introduction of new drugs, and pursue additional opportunities for both organic growth and potential strategic acquisitions. Our current outlook reflects only the drugs that we have in hand today and will be subject to update as we execute strategic initiatives to expand our market position and profitability in the future. Based on our performance to date, we continue to remain extremely optimistic regarding our future growth prospects and look forward to sharing further details with our shareholders as we proceed with our expansion plans,” Guozhu Wang stated.

For more information visit www.chinapharmaceuticalsinc.com

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Samples of Revolutions Medical Corp.’s (RMCP.OB) RevVac Safety Syringe to be Completed and Ready for Distribution

Monday, August 30th, 2010

Since acknowledgement of the successful completion of a Pilot Run for new manufacturing design changes to the RevVac Safety Syringe earlier in May, Revolutions Medical has been working closely with a U.S. manufacturer to complete market samples. Sporting the company’s new label, these samples have only eight parts compared to twelve, enabling even better performance at lower cost. Now that the market samples are completed, Revolutions Medical can finalize negotiations with manufacturers and distributors.

“Not only do I think we have the world’s least expensive and best automatic retractable safety syringe, our manufacturing price could even be competitive with standard high quality syringes over time. With the many advantages of our safety syringe; reducing accidental needle stick injuries, reducing the spread of blood borne pathogens, and the savings on sharp’s hazardous disposal, I feel we have an actual replacement of the standard syringe that has been used in the medical workplace for decades,” stated Ron Wheet, CEO, Revolutions Medical Corporation.

Revolutions Medical is a safety medical device and software application company. Its medical products include the RevVac safety syringe (FDA approved), safety blood drawing device and safety IV catheter. Through the software division, the company provides RevColor, RevDisplay and Rev3D. The software suite’s functionality includes sorting of images, color, 3D and automatic segmentation of images.

To learn more about Revolutions Medical, visit the company’s website: www.revolutionsmedical.com.

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Stock Guru Featured Company: Budget Center Inc. (BDGN.PK)

Monday, August 30th, 2010

Budget Center maximizes the spectrum of offerings available to consumers (at every financial level) seeking travel and related services by leveraging an entire series of URL domains that all start with the key term “budget” (like the extremely promising budgethotels.com).

By developing the budget brand of domains, in conjunction with strategic relationships which harness the inventories of the biggest and most well-known websites, BDGN is able to focus on dominating the online travel budget space without incurring the costs of such inventories.

The idea of saving money on travel is as old as civilization itself and BDGN is looking to become the top name in meeting online demand, driving traffic into the budget network with:

• Best-practice SEO (search engine optimization) on all sites
• Concerted Search Engine Marketing initiatives
• Mandate that online advertising be Cost per Acquisition/Click driven
• Massive roll-out of targeted e-mail marketing campaign

With an overarching drive to develop a merchant model for all travel products, and a solid commitment to building the budget brand, BDGN is uniquely positioned to generate consistent revenues by tapping into the global market of savvy travelers.

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Beacon Equity Research Featured Company: WebSafety, Inc. (WBSI.OB)

Monday, August 30th, 2010

WebSafety understands the complexities and difficulties associated with parental control solutions for computers and cell phones. The company develops revolutionary, non-invasive products like WebSafetyPC and CellSafety to address child safety without infringing on privacy.

Based on the world’s largest word recognition library, WBSI products can identify inappropriate content from sex-based texting and texting while driving, to pornography or online predators, and contact parents by email or cell phone with only the relevant or dangerous material. This ingenious methodology keeps parents aware by alerting them only when a danger is present, preserving the personal space kids demand while offering a security package that is highly customizable and superior to other parental control software solutions.

The comprehensive ability to easily monitor all chat programs and social networking sites, as well as block pornography and filter emails, is a dream for the already overstressed parents of today’s youth. With a focus on safeguarding innocent children both online and on the streets, WBSI is well positioned to generate substantial revenue as the customer base continues to grow.

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