Archive for October, 2010

Rotate Black (ROBKE.OB) On-track to Get Gulfport Casino Rolling

Friday, October 29th, 2010

Rotate Black Inc., a developer and manager of resort and casino properties, today announced the completion of a 99-year management agreement with Rotate Black MS LLC (RB MS), which took effect April 1, 2010. Per the agreement, Rotate Black will manage the casino and hotel operations in the Bert Jones Yacht Basin in Gulfport, Mississippi.

RB MS will compensate Rotate Black for its management services at $200,000 per month until the launch of gaming operations in Gulfport, at which time RB MS will pay Rotate Black $250,000 per month.

As soon as Rotate Black achieves full-year EBITDA of $17 million, RB MS will pay Rotate Black $300,000 per month.

Per the agreement, Rotate Black now also holds a 35% of the ownership interest in RB MS, which may increase up to 45% if certain financial performance targets are met after the initial phase of the Gulfport project is opened.

The first phase of the Gulfport project calls for more than 50,000 square feet of gaming and related amenities on a luxury cruise vessel near 9.5 acres of land recently leased by RB MS.

The ship is anticipated to host 825 slot machines and 24 table games including blackjack, craps, roulette and other table games; three restaurants; four bars, an entertainment venue for concerts and other acts; and adjacent on-site surface parking.

RB MS also plans on constructing at 2.5-to-3 diamond, 120-room hotel property with a restaurant and bar.

Dual Cooper, president and COO of Rotate Black, said the company is on a “strong path” to initiate the gaming operations, though the company still has to obtain sit approval to begin construction.

For more information visit www.rotateblack.com

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Arctic Cat Inc. (ACAT) Reports Exceptional Financial Data for Fiscal 2011 Second Quarter

Friday, October 29th, 2010

Arctic Cat, veritably synonymous with the word snowmobile and maker of some of the best ATVs, parts, apparel and accessories worldwide, reported outstanding Q2 FY11 (ending Sept. 30, 2010) data:

• Zero short- or long-term debt
• Net Earnings up 20.3% to $17.8M, or $0.97/diluted share (up 51% over the 6-month)
• Net Sales up 5.7% to $175.8M
• Gross Margins up 200 basis points (350 points year-to-date)
• Operating Profits up 25% to $27.4M
• Factory Inventory down 28% to $95.9M
• Total of cash and short term investments up a whopping 622% to 80.9M

Q2 Sales by segment:

• Snowmobiles up 7% to $91.5M (5% year-to-date), bolstered by global distributors buying up ever more units
• ATVs up 9% to $56.6M (1% YTD), on exceptionally strong sales of the hot new Prowler HDX utility vehicle
• Parts/Garments/Accessories off 4% to $27.6M (4% YTD)

CEO of ACAT, Christopher A. Twomey, called the double-digit earnings and solid balance sheet a clear indicator of the health of the Company and the success of measures taken to improve overall profitability.

Twomey cited initiatives targeted at the key areas evinced by this Q2 data, from gross margins to operating expenses, market share and reduced inventory, ACAT stalked the bottom line, reaping rich rewards as the global market responded exceptionally well to their host of offerings.

A rise in global demand for ACAT’s vehicles and the clearly defined business strategy for FY2011 were the subjects of a conference call which is now archived at the company’s site.

The outlook for 2011 is good and will likely improve as the retail power sports market rebounds.

Projections based on extant data for FY11 (ending Mar. 31, 2011):

• Net Sales of $453-463M
• EPS $0.40-0.55 (diluted, up roughly 67-122% from earlier guidance calculations)

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Sanofi-aventis (SNY) Moves to Acquire BMP Sunstone, Solidifying Already Strong Position in the Chinese Consumer Healthcare Market

Friday, October 29th, 2010

Sanofi-aventis, www.sanofi-aventis.us – one of the top pharmaceutical companies engaged in discovery/development/distribution, reported yesterday in concert with China-focused specialty pharmaceutical firm BMP Sunstone (BJGP), entry into a definitive agreement whereby SNY will acquire all outstanding shares of BJGP.

The price tag on the deal is roughly $520.6M (fully diluted) or a cash consideration of $10/share, representing a 30% premium above the Oct. 27 close of BJGP stock and was unanimously approved by the board of directors at BJGP.

The recently established Hangzhou Sanofi Minsheng Consumer Healthcare joint venture will be magnified by the BJGP acquisition, putting SNY in prime market position to drive massive sales in vitamins and mineral supplements as well as cough and cold, two of the biggest categories.

CEO of SNY, Christopher A. Viehbacher, called the deal a real boon for the Company as it will enable not only leveraging of the strong consumer healthcare segment, but also grant ready access to many new/expanding distribution channels in China, channels which are anticipated to represent up to a third of the entire Chinese pharmaceutical market in the coming years.

With sales of $147M in 2009, BJGP calculates that 60% of sales were in the consumer healthcare segment via access to a network of Tier 3-4 market entities, ranging from retailers to county hospitals and community clinics.

This is an incredibly cunning tactic for SNY as BJGP already has a massive footprint and two of China’s top/most widely-known brands in the consumer healthcare segment:

• Hao Wa Wa – recently selected as China’s number one pediatric cough and cold brand
• Kang Fu Te – a women’s healthcare hygiene brand

CEO of BJGP, David (Xiao Ying) Gao, called the deal a major opportunity for shareholders in both companies and especially for the personnel/infrastructure of BJGP.

The rapid growth of China’s consumer healthcare market and its promising future constitute a perfect example for SNY of a core growth platform.

As the 5th largest globally in terms of consumer healthcare, SNY is making a huge move here to establish dominance in China, where the market has quickly become the second largest worldwide (EUR12B in 2010, estimated CAGR of 11% since 2005).

Terms of the agreement stipulate transaction completion is contingent upon approval at the BJGP stockholder’s meeting (23% of fully diluted shares already promising a yes vote), some regulatory approvals in China and ancillary conditions.

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RADVISION Ltd. (RVSN) Surpasses Q3 Revenue Expectations, Posts Q4 Forecast

Friday, October 29th, 2010

RADVISION Ltd., a leading provider of video and wireless communications solutions, recently posted its third quarter 2010 financial results, exceeding previous company forecasts.

“Our third-quarter results were better-than-expected due to the very strong performance of our Video Business Unit. Our VBU revenues grew 32 percent over the third quarter of 2009, more than overcoming the as-expected 21 percent step-down in revenues from Cisco,” Boaz Raviv, CEO of RADVISION stated in the press release. “Driving our VBU growth was the continued market success of our SCOPIA infrastructure platform, which we continue to advance, combined with our successful introduction of endpoints at the beginning of this year, which has transformed RADVISION into an end-to-end video solution provider.”

Third-quarter revenues for 2010 were $24.5 million, an increase of 20 percent from $20.4 million in the third quarter of 2009, surpassing the company’s revenue forecast.

The company recorded operating income of $0.5 million on a GAAP basis and $1.6 million on a non-GAAP basis, as compared to operating income of $1.4 million on a GAAP basis and $2.5 million on a non-GAAP basis for the third quarter of 2009.

RADVISION reported third-quarter net income of $0.3 million, or $0.02 per diluted share, as compared to third quarter 2009 net income of $1.2 million, or $0.06 per diluted share.

The company reported that total revenues for the quarter consisted of $20.7 million for the VBU and $3.9 million for the Technology Business Unit (TBU), as compared third quarter 2009 results of $15.6 million for the VBU and $4.8 million for the TBU.

As of June 30, 2010, RADVISION reported approximately $115.5 million in cash and liquid investments, equivalent to $5.99 per basic share, a decrease of $6.8 million from June 30, 2010.

The company said expects to report revenues for the fourth quarter of 2010 of approximately $26.0 million and net income of approximately $1.2 million or $0.06 per diluted share. CEO Raviv said the company’s ability to strengthen its established relationships leverage its anticipations for the future.

“Our new position as an end-to-end video solution provider has enabled us to deepen our relationships with current reseller partners as well as expand and diversify our channel in both developed and emerging markets globally,” Raviv stated. “The continued execution of our strategy in the third quarter of 2010 produced important and tangible results. This is a time of enormous opportunity in the video market. We remain fully focused on moving quickly to seize it.”

For more information visit www.radvision.com

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New Mexico Software, Inc. (NMXC.OB) Video Chart for Friday, October 29, 2010

Friday, October 29th, 2010

NMXC came to our attention as a result of a volume scan we ran yesterday. The chart has a nice, rounded look to it and is on radar to see if the volume was a prelude to movement.

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

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True 2 Beauty Inc. (TRTB.PK) Receives Tremendous Market Response

Friday, October 29th, 2010

Earlier today, True 2 Beauty Inc., a leading manufacturer and distributor of sexual potency pills and liquid products, announced that the “Libigrow” family of products has received tremendous response from the market.

This exceptionally positive response has helped the company grow sales to over 10 million in the past 6 months. True 2 Beauty anticipates exceeding twice that in the next two quarters. Proceeds will be used to increase the company’s marketing campaigns domestically and internationally.

Alex Hbaiu, president and CEO of True 2 Beauty, Inc., stated, “The response we received from the market thus far is just a glimpse of what we expect when the marketing campaigns are launched. Revenue projections looking forward are anticipated to grow exponentially.”

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Daulton Capital Corp. (DUCP.OB) Finds Positive Gold Indicators at Balarat

Friday, October 29th, 2010

Daulton Capital Corp. is a finance company focused on natural resource investments, specifically precious and base metals as well as oil and gas opportunities. The overall goal is to acquire resource projects and expand exploration, while continuing to seek special situations and unique opportunities in under-funded projects within the resource sector. Their specific objective is to partner with major or junior natural resource companies, developing option potentials or joint venture projects.

The company recently announced it will exercise its option interest on two major gold projects based in the Yukon Territory of northwest Canada, with the goal of securing a 100% interest in both properties. This newly discovered and internationally recognized area has produced significant drill results of 3.4 g/t of gold at 103 meters.

One of the key projects in the area is the Balarat Property, consisting of 38 Yukon Quartz Mining Claims located in the Dawson Mining District. The claim block covers 1900 acres straddling Balarat Creek, one of the main placer gold producing placer creeks in the Thistle Area (White Gold District). The Balarat Project covers a 98% percentile gold silt anomaly for the Thistle camp Area. According to the Geological Survey of Canada (GSC), and the Yukon Geological Survey (YTG) geology maps, the Balarat Project is covering mainly augen gneiss with minor amphibolites and quartz-mica schist.

Further positive evidence of significant gold is the GSC silts data. The GSC sampled many creeks in the area for gold and other elements. In the case of the nearby Underworld White Gold Project, the GSC silt sample results were 12 ppb Au. The Balarat Project silt values of 32 ppb Au represent one of the highest silt anomalies in the area. The ongoing company plan has been to prospect the anomalous stream and conduct an initial ridge and spur soil sampling program.

For additional information, visit the company’s website at www.daultoncapital.com

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Andy Zeinfeld Joins Spare Backup’s (SPBU.OB) Board of Directors

Friday, October 29th, 2010

News broke today that Spare Backup has selected Andy Zeinfeld, CEO of Simplexity, to join its Board of Directors. Spare Backup, Inc. specializes in helping consumers and small to mid-sized businesses protect their computer data quickly, automatically and cost-effectively.

A widely recognized and respected leader, Mr. Zeinfeld joins the Board of Directors as a notable person in the wireless industry. At Simplexity, Mr. Zeinfeld oversees the development and execution of all of the company’s long-term growth strategies and the development of earnings opportunities. Additionally, he is responsible for all aspects of Simplexity’s business initiatives including sales, marketing, business development, strategic partnerships, and carrier relations. His career includes his current role as CEO with Simplexity and over 32-years with the RadioShack Corporation (NYSE: RSH).

Cery Perle, CEO of Spare Backup, commented, “We are pleased to have Andy join our board of directors at this exciting time for our company. The experience and insight of such a well respected wireless and electronics industry veteran will be critical to us as we build our business relationship with wireless providers and retailers. We look forward to working with Andy to help guide our future as we look to strengthen our distribution networks and product offerings and rapidly grow our customer base.”

Commenting on his selection to the Board, Mr. Zeinfeld stated, “I’m very excited to have this opportunity to bring my years of experience and insight to the Spare Backup Board of Directors. I look forward to working closely with the management team on the next phase of the company’s growth and to help them to become the premier backup service in the world.”

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IDO Security, Inc. (IDOI.OB) Has Answer For British Airways

Friday, October 29th, 2010

When the chairman of British Airways recently criticized the increasingly strict U.S. boarding procedures, one of the first things he targeted was the requirement for travelers to take off their shoes. British Transport Secretary Philip Hammond added his own take, indicating his desire to allow airlines to look at ways of easing the boarding process through different security procedures, changing them if they can reduce queuing and offer a better traveler experience. But U.S. officials were quick to point out the importance of such procedures, and how they were jointly agreed on.

A simple solution to at least one aspect of the controversy, developed by IDO Security, is a one-of-a-kind “shoes-on” detection system. Called MagShoeTM, the system addresses the major complaint of travelers, the need to take off their shoes for security inspection. In addition, the makers claim that their system is more accurate in detecting threats than current procedures, more completely allaying security concerns.

MagShoe simply calls for the traveler to stand briefly in the relatively small knee-high device, the scan taking less than two seconds. A red/yellow/green light indicator, along with an audible alarm, clearly signals the scan’s results, making it applicable to even crowded and noisy environments, such as busy airports or stadiums. The system meets all international standards for quality assurance, and has undergone testing by the U.S. TSA, as well as the UK Department of Transport, and the German BKA, along with others.

Together, it represents a collection of features that IDO Security considers unmatched:

• Seamless integration with existing metal detectors and procedures for a complete security solution
• Lightning fast – clear, accurate results in seconds
• Highly accurate – ignores metal normally found inside shoes to reduce false alarms
• Fully automatic and easy-to-use; no training required
• Extremely cost-efficient and affordable
• Compact and portable for use anywhere
• Thorough detection of all metals, both ferrous and non-ferrous
• Convenient, sanitary, quick alternative to manually removing shoes

MagShoe is actively being used by airports in various parts of the world, including Israel, and is currently being evaluated in the United States.

For more information, visit the company website at www.idosecurityinc.com

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Simulated Environment Concepts, Inc. (SMEV.PK) Sees Bright Future Ahead

Friday, October 29th, 2010

Simulated Environment Concepts believes its positioned for explosive growth over the next two years. As documented by market research, even during these tough times, the viability of the company’s products has and continues to be substantiated by the marketplace.

SE Concepts continues to broaden its reach and presence in the market place. This was clearly demonstrated during the fourth quarter of 2009 when the company signed a multi-million international deal with the French company, Zen & O, to manufacture 250 SapCapsules over the next four years. Zen & O, which operates approximately 54 franchises for Lady Fitness and other retail outlets, anticipates making SpaCapsule® the centerpiece of its Lady Fitness operations.

SE Concepts is also taking advantage of the developing trend in “corporate fitness” and “corporate destressing.” With advances in health care reform and the increasing focus on preventative care, many corporations are exploring the ways to de-stress and energize their office work-force to improve productivity. Today, there are 700,000 corporate centers who are potential customers for the use of the SpaCapsule®. Companies like Google, Delta Airlines, IBM, Eddie Bauer, and many others offer massage services already to their employees.

With exceptional international growth potential, the company’s accent on to the growing American corporate fitness and de-stressing trend, as well as SpaCapsule’s relevance to medical facilities, spas, tanning and beauty salons, gyms, airports, entertainment venues and private residences, the opportunity is immeasurable. SE Concepts anticipates exploiting every facet of its marketplace, and ultimately generate greater revenues, decrease overall cost of goods, positively impact net profit margins, and most importantly, build and maintain substantial value for investors.

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WordLogic Corporation (WLGC.OB) Files for Two More Patents

Friday, October 29th, 2010

Located in Vancouver, British Columbia, WordLogic is a developer of patent-protected predictive text software used in input and Internet-based search applications. Today, WordLogic took a step towards further prominence with the announcement of the filing of two more patents with others pending.

The announcement came from WordLogic CEO Frank Evanshen who states that the patents are in response to media and market inquiries and that the young company expects to receive official notification shortly on these patents from the US Patent and Trademark Office (USPTO).

Commenting on the effects these patents will have on WordLogic, Evanshen was quoted as saying, “Since the release of Google Instant by Google (GOOG), we have experienced strong interest from a number of major technology companies entertaining possible relationships that we have not experienced since the initial release of the original software more than eight years ago.”

Evanshen added, “In addition to the two patents now before the USPTO that we expect to be granted, WordLogic has several other patents now pending before the Patent Office.”

Currently, WordLogic is trading in the $0.34 range. To learn more the company as a whole, visit the corporate website at: www.wordlogic.com.

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Miller Energy Resources (MILL) Reports on Alaska Oil and Gas Operations

Friday, October 29th, 2010

Miller Energy Resources reported that the company has participated in a successful hydraulic fracturing operation on a well in Alaska, with the well responding with a large jump in production.

Miller Energy Resources said that Cook Inlet Energy, LLC, a subsidiary of the company, has a 30% non-operated interest in the Three Mile Creek Lease located in the Cook Inlet Basin in Alaska.

Aurora Gas, LLC, the operator of the lease, conducted a hydraulic fracturing operation on the Three Mile Creek # 2 well. The company targeted eight formation zones consisting of a total of approximately 125 feet of net oil and gas pay.

Miller Energy Resources reported that the well responded to the hydraulic fracturing with natural gas production gradually increasing to 350,000 cubic feet per day, from 60,000 to 80,000 cubic feet per day prior to the hydraulic fracturing. The company also expects an increase in proved reserves at the Three Mile Creek # 2 well due to the operation.

Miller Energy Resources also has operations in the Appalachian Basin in Tennessee, where the company has forty thousand acres of prospective inventory to explore and develop. The company is targeting the Chattanooga Shale and several other formations.
For more information on the company, go to www.millerenergyresources.com

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Daybreak Oil and Gas, Inc. (DBRM) Reports Oil Discovery in California

Friday, October 29th, 2010

Daybreak Oil and Gas, Inc. reported that the company has made a successful discovery of oil at a well being drilled in California.

Daybreak Oil and Gas, Inc. is exploring and developing oil and gas properties at the East Slopes project area located in Kern County, California. The company has been focusing on the Dyer Creek area at East Slopes, and recently drilled the Dyer Creek 67X-11 well.

Daybreak Oil and Gas, Inc. reported that the Dyer Creek 67X-11 well was drilled to a depth of approximately 2,300 feet and found ten feet of net oil pay in the Vedder Sands formation. The company has set production casing on the well and is currently conducting completion operations. Daybreak Oil and Gas, Inc. has a 41.67% working interest in the well.

Daybreak Oil and Gas, Inc. said that the Dyer Creek 67X-11 well should be completed and onto production within ten days. The company has three other prospective drilling locations at Dyer Creek.

Daybreak Oil and Gas, Inc. has two other project areas besides the East Slopes project. Daybreak Oil and Gas, Inc. has a 25% working interest in a 14,100 net acre seismic option at the East Slopes North Project, where the company is also exploring the Vedder Sands formation. The company also has a 50% working interest in 9,000 acres in the San Joaquin Basin.

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

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Star Gold Corp. (SRGZ.OB) Explores Excalibur, Longstreet Projects in Nevada

Friday, October 29th, 2010

Yesterday, Star Gold Corp. informed its shareholders about recent field examinations on its Excalibur and Longstreet projects. The entire management team contributed to these examinations, and after an overview of the geology, mineralization and conditions of the sites, outlined a plan for additional exploration, development and financing.

Star Gold Corp., a gold and base metal exploration company, evaluates, develops and acquires gold projects in North America, focusing on the United States, Mexico and Canada. Currently, the company is focusing on the exploration of its Excalibur and Longstreet projects in Nevada.

Drilling has been suspended for the rest of the season on the Excalibur project (in the Moho Vein), closed on June 17th 2010. The only hole drilled so far was at a 145 degree angle, due north, at 230 feet deep. The hole was drilled to test high angle structures and rock strata. Drilling found multiple clay-rich structures that yielded a range of 0.05 g/t gold and 1 g/t silver to 0.2 g/t gold and 17 g/t silver. This drilling matches up with surface sampling done in the area. The drill hole also suggests a wider dispersion of metals may be found around the veins.

Since little modern exploration has been done in the area of the Excalibur project, combined with favorable test results, high hopes are held that it will become a significant source of precious metal ores.

The Longstreet project has received much more attention historically, with approximately 300 holes drilled there. An initial geologic discussion at the Longstreet site compared the similarities between Longstreet and the nearby Round Mountain open-pit heap leach deposit.

The tentative resource conducted by the company MinQuest discovered that in 2,847,690 tons of undiluted ore there is the potential for 0.061 oz. of gold per ton of ore. The deep oxidization of the gold-bearing tuff (rock composed of volcanic ash) makes the ore a likely candidate for leaching, which would get the gold and other precious metals out much faster. This layer of oxidized ore is present in most of the project’s area.

Scott Jenkins, Director and Geologist of Star Gold Corp. stated, “We are encouraged by the findings of our current exploration of the Excalibur and Longstreet Projects. Both properties offer great potential upside for the Company’s future resource reserve. Due to significant outcrop formations, it is the consensus of the group to move forward with metallurgical testing of the Longstreet Property and to make the site our first targeted project.”

Richard Kern, President and Geologist of Minquest, Inc. stated, “The Longstreet Project has the potential to become a significant gold and silver producer as evidenced by the existing resource and numerous under explored targets. We are excited to begin our exploration program.”

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Western Liberty Bancorp (WLBC) Acquires Service1st Bank of Nevada

Friday, October 29th, 2010

Western Liberty Bancorp announced yesterday the successful consummation of their acquisition of Service1st Bank of Nevada. As of the close of business yesterday, Western Liberty Bancorp will operate as a new Nevada financial institution bank holding company and will conduct their operations through their wholly owned subsidiary, Service1st. Furthermore, Western Liberty’s common shares will be listed on the NASDAQ Global Market, under the ticker symbol WLBC, today.

Mr. William E. Martin, CEO of both Western Liberty Bancorp and Service1st, said, “We are excited to consummate this transaction. We are especially pleased that the combined Western Liberty/Service1st platform will showcase one of the community’s best capitalized balance sheets to effectively serve our local businesses and residents.”

Mr. Michael Frankel, Chairman of Western Liberty Bancorp, noted, “The closing of this transaction is a significant milestone for our vision at Western Liberty Bancorp. As one of Nevada’s best capitalized community banks, we look forward to working with Nevada businesses as a value-added member of the Greater Las Vegas community.”

Mr. Steve Hill, Chairman of the Service1st Bank Board, said, “I share in everyone’s enthusiasm regarding the future of Service1st Bank. This event only serves to invigorate the Board and employees to double our efforts to make Service1st the best community bank in Nevada.”

Western Liberty, in conjunction with the transaction, has infused $25 million of capital onto Service1st’s balance sheet. This enhancement of Service1st’s capital and liquidity, position it as one of the strongest community banks serving the Las Vegas market.

Service1st operates as a traditional community bank. They provide a complete range of banking and related services to locally owned businesses and individuals. They do this from their headquarters and two retail banking facilities in the greater Las Vegas area. Primarily all of Service1st’s business is generated in the Nevada market. Services provided include basic commercial and consumer depository services, commercial working capital and equipment loans, commercial real estate loans, and other traditional commercial banking services.

Western Liberty Bancorp is a Nevada financial institution bank holding company. They conduct their operations through Service1st, their wholly-owned banking subsidiary.

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NeoGenomics (NGNM) Reports Q3 Results, Positive Outlook

Thursday, October 28th, 2010

NeoGenomics Inc., a provider of cancer-focused genetic testing services, today posted its third-quarter results for the three months ended September 30, 2010.

Revenue for the third quarter was reported at $8.7 million, a 19 percent increase over the $7.3 million reported in the third quarter 2009.

The company increased its sales and marketing expenses by 11 percent over the third quarter of last year, spending approximately $190,000 on increases in sales and recruiting staff.

General and administrative expenses increased 19 percent. The company attributes the increase primarily as a result of additional information technology personnel, R&D activities, and to approximately $100,000 of non-recurring charges related to a reduction in force that was completed in September. The company said it estimates that the reduction will save the company $1.5 million in annual savings starting in the fourth quarter.

Net loss for the quarter was $1.2 million or ($0.03)/share versus a net loss of $755,000, or ($0.02)/share, in the third quarter 2009.

Doug VanOort, NeoGenomics’ chairman and CEO, said the quarterly results aren’t reflective of the company’s overall position and that it plans on strengthening its financial outlook in the future.

“Although our financial results don’t fully reflect the improvements in our business yet, we believe the company is in a stronger position today than ever before. During the last quarter, we made significant changes in our management team, successfully converted our entire laboratory information system, and implemented changes to reduce our cost structure. We are continuing to implement initiatives to increase our sales force productivity, and with important managed care plans now under contract, we are beginning to experience price stabilization,” VanOort stated in the press release. “It is also significant to note that the impact from the internalization of over $4.0 million annually of high margin revenue by the company’s largest customer is now fully behind us. Moving forward, we expect to grow from a more stable base of revenue and our team is focused on driving sustainable revenue growth and achieving profitability.”

For more information visit www.neogenomics.com

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Norsat International (NSATF.OB) Posts Q3 Results; Anticipates Strong Q4

Thursday, October 28th, 2010

Norsat International Inc., a leading broadband communications solutions provider, today announced its financial results for the three-month period ended September 30, 2010.

The company posted total revenues for the third quarter at $4.5 million, up 12.6 percent from $5.1 million reported in the comparable quarter of 2009. The company said consistency in the sales of its microwave products helped offset a decrease in satellite systems sales for the quarter.

Third-quarter gross margin was 47.6 percent compared to 47.8 percent for the same period the year prior. The margin improvement is attributed to higher-end products and new product introductions, which generated healthier margins.

Norsat reported that selling, general and administrative expenses for the three months ended September 30, 2010, decreased to $1.3 million compared to $1.4 million for the same period in 2009.

Total operating expenses for the third quarter of 2010 were reported at $1.5 million, down from $1.8 million in the third quarter of 2009.

Third-quarter net earnings were $0.6 million, or $0.01 per share, consistent with $0.6 million, or $0.01 per share, during for the same period last year.

Dr. Amiee Chan, Norsat president and CEO, said while top-line results decreased, the company anticipates a solid fourth quarter.

“Top-line third quarter results were lower than one year ago but were due to the timing in receiving new orders, which were received very late in the third quarter. As a result, we do expect a strong fourth quarter, when majority of that backlog is anticipated to be delivered. We still managed to produce a highly profitable quarter despite the lower revenue level that was reported, which is a true testament to our disciplined cost structure and the fact that our margins remained relatively stable. Our capital structure remains strong and we intend to utilize these resources to grow the company through inorganic means,” Dr. Chan stated.

For more information visit www.norsat.com

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ACADIA Pharmaceuticals, Inc. (ACAD) is “One to Watch”

Thursday, October 28th, 2010

ACADIA Pharmaceuticals, Inc. is a biopharmaceutical company focused using innovative technology to fuel drug discovery and clinical development of novel treatments for central nervous system disorders. All four of the product candidates in ACADIA’s pipeline originate from discoveries made using the company’s proprietary drug discovery platform.

The company’s portfolio include three product candidates that are currently in clinical development and one product candidate in IND-track development. ACADIA’s pipeline addresses diseases that are not well served by currently available therapies and represent large potential commercial opportunities. These product candidates offer innovative therapeutic approaches and may provide significant advantages over current therapies.

ACADIA’s most advanced product candidate is pimavanserin, which is in Phase III development for Parkinson’s disease psychosis. Pimavanserin, a new chemical entity that can be taken orally as a tablet once-a-day, selectively blocks the activity of the 5-HT2A receptor, a drug target that plays an important role in the treatment of various neuropsychiatric disorders. ACADIA holds worldwide rights to pimavanserin.

Today the company hit a 52-week low after announcing the conclusion of a previously established collaboration with a wholly owned subsidiary of Valeant Pharmaceuticals International, Inc. (NYSE: VRX) to develop and commercialize pimavanserin in the United States and Canada. ACADIA has regained all rights to the product candidate and will receive a one-time cash payment of $8.75 million to transition the program back to ACADIA and cover costs associated with ongoing clinical trials.

Uli Hacksell, Ph.D., Chief Executive Officer of ACADIA, commented, “While we have enjoyed a great collaboration with Biovail, both parties recognize that pimavanserin and the broad development strategy at the core of our collaboration were not consistent with the strategic focus of the new Valeant following the recently completed merger. With worldwide rights to pimavanserin and a focus on our ongoing Phase III program, we believe ACADIA is positioned on an attractive path forward for this product candidate.”

With a solid balance sheet, a significant position held by insiders and analysts projecting price targets of between $2.00 – $5.00, the company is worthy of a closer look. Although wall street took today’s news negatively, ending ties with Valeant Pharmaceuticals could turn out being a good thing. They now have millions more in the bank plus have the option to re-partner for new upfront money. Some have also speculated that the company is a more attractive takeover target since they own full rights to pimavanserin.

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Gammon Gold Inc. (GRS) Advances Venus Project in Mexico

Thursday, October 28th, 2010

Gammon Gold Inc. announced that the company has discovered three separate drilling prospects at its Venus Project in Chihuahua, Mexico. The company did a geologic mapping of the properties along with geo chemical and rock sampling program at the site.

Gammon Gold Inc. reported that the company obtained 703 rock samples at the La Boleta drilling target, and determined that 171 of the samples contained gold. The La Boleta drilling target is approximately 2,100 meters in length.

At the Santo Nino drilling target, Gammon Gold Inc. obtained 301 rock samples, of which 151 contained gold. The Santo Nino drilling target is approximately 2,400 meters in length.

Gammon Gold Inc. said that company took 49 samples from the Roncesvalle Vein drilling target, and found that 29 contained gold. The Roncesvalle Vein is the smallest of the three drilling targets at 180 meters in length.

Gammon Gold Inc. said that all three drilling sites contained significant gold and silver geochemical anomalies, along with favorable geological features, and appear to be in large enough quantities to be commercially successful. The company plans to obtain a drilling rig and start drilling at the Venus Project during the fourth quarter of 2010.

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

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Pro-Pharmaceuticals, Inc. (PRWP.OB) Ships First Order of Revolutionary Cancer Therapeutic DAVANT® to South American Distributor PROCAPS S.A.

Thursday, October 28th, 2010

Pro-Pharmaceuticals, www.pro-pharmaceuticals.com – the tip of the spear in the fight against cancer and fibrosis via revolutionary therapeutics based on Galectin receptors, reported that the Company’s leading candidate DAVANAT® shipped its first commercial order ($200k value) to Colombia-based pharmaceutical giant PROCAPS S.A. today.

CEO of PRWP, Theodore D. Zucconi, Ph.D., hailed the shipment as a “milestone” for the Company and stressed the efforts taken by PRWP to ensure that external variables related to such “first-time, international shipments of pharmaceutical products” were solidified.

PROCAPS received exclusive rights earlier this year to market/sell DAVANAT in Columbia and Latin America, accepting responsibility for the approval process, distribution, marketing and sales of DAVANAT in Columbia as part of the agreement.

Zucconi praised PROCAPS as a partner for commercializing the breakthrough DAVANAT product, which disrupts Galectin receptors activity on cancer cells and has shown impressive results in concert with chemotherapy drug 5-flourouracil (5-FU).

Patient survival was extended by roughly 45%, according to Phase II data from a colorectal cancer study.

DAVANAT is based on PRWP’s powerful Glycoscience technology platform and thus also ameliorates the toxicity of chemotherapy agents substantially, resulting in improved quality of life, as demonstrated empirically by the over 100 patients administered to date.

Zucconi sagely noted that strategic importance of PROCAPS for future access throughout Latin American markets.

An established direct operator of a network spanning ten Latin American countries and over 30 more, PROCAPS has a solid footprint for exporting pharmaceutical/support products, with a superb track record for successfully launching new items.

This deal is a shrewd move for PRWP, whose shareholders are poised to rake in the rich rewards from DAVANAT, which is expected to receive regulatory approval in Q1 2011.

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Greenlight Resources Inc. (PRZCF) Starts Testing of New Scientific Process

Thursday, October 28th, 2010

Greenlight Resources Inc. announced that the company has begun the testing and evaluation of a new scientific process use to extract lithium from other minerals.

Greenlight Resources Inc. said that the Silchlor Cyclic Vacuum Chlorination process would be used to test assayed samples obtained from the company’s Brazil Lake properties in Nova Scotia, Canada.

The objectives of the testing program are numerous. Greenlight Resources Inc. will attempt to determine if the Silchlor Cyclic Vacuum Chlorination process can extract lithium at a lower cost than the current solar brine process. The company will also determine the amount of waste products produced by the new process, and whether other mineral products can be extracted during the process.

Greenlight Resources Inc. said that the original agreement was signed with Champlain Mineral Ventures Limited and Silchlor Inc. in April 2010, to test the Silchlor Cyclic Vacuum Chlorination process.

Greenlight Resources Inc. said that Dr. Ian Flint is overseeing the testing and evaluation of the Silchlor Cyclic Vacuum Chlorination process. Flint has a doctorate in Mining and Mineral Processing Engineering from the University of British Columbia, and a Master in Arts and Science from the University of Toronto.

For more information on the company, go to www.greenlightresources.ca

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The QualityStocks Blog Hits 20,000 Milestone!

Thursday, October 28th, 2010

Wow! It’s hard to believe we’ve put out more than 20,000 articles since adding the blog to our website nearly five years ago. What started out with just two passionate writers has grown into a full staff of writers and journalists with varied interests and expertise to create the multitude of content offered by our site each and every day.

Today, the QualityStocks Blog keeps investors up to date on everything related to the Small-Cap and Micro-Cap markets. Alternative fuels and power sources, entertainment media, telecommunications, delivery services, healthcare, and retail are all covered on a regular basis. By visiting our blog, investors also discover emerging companies that they otherwise would not have heard about.

As we continue to serve the constantly evolving investment community with our rich content, it is our unchanging commitment to connect readers with companies that have huge potential to succeed in the short and long-term future. In addition to our blog, we offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

Check out our other pages and services below as we continue to find more ways to help investors discover emerging companies that offer excellent growth potential.

The QualityStocks Daily Newsletter: www.Signup.QualityStocks.net
The QualityStocks Message Boards: www.MessageBoards.QualityStocks.net
The QualityStocks Chart Videos: www.VideoCharts.QualityStocks.net
The GotStocks Community: www.GotStocks.net
The QualityStocksTwits Community: www.QSTwits.com

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Mobile Star Corp. (MBST.PK) Provides Investor Update

Thursday, October 28th, 2010

Earlier this month, Mobile Star Corp. CEO Danny Elbaz issued a shareholder letter to investors, emphasizing the company’s commitment to the commercial introduction of the Mobile Star personal karaoke experience over the next six months.

The Mobile Star has made great progress so far this year, recently securing the required financing to continue funding ongoing business operations and meet commercial goals during the next six months. The financial agreement calls for the financier to provide multiple tranches during this pre-commercial period.

Over the next two quarters, the company will be focused on the full commercial introduction of the Mobile Star personal karaoke vending machine. The company believes that there is a significant market for the entertainment system, as clearly indicated by the successful pilot executed earlier this year.

Mr. Elbaz assured investors that the team is fully committed to attaining their product’s full commercial potential in the United States in addition to several international markets. He remains confident that through continued efforts to meet further business development goals, the stock price of the company will grow to match its full potential.

In closing, Mr. Elbaz expressed his “tremendous appreciation” to each of the shareholders for continued support of the company’s product and marketing strategy. He also promised additional updates on business development achievements in the next six to eight weeks.

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Vystar Corp. (VYST.OB) Partners with India’s Biggest Latex Glove Producer

Thursday, October 28th, 2010

Vystar® Corp., creators of a reduced allergenic material (Vytex® Natural Rubber Latex – NRL) to replace standard latex, has secured an initial three-year licensing agreement with KA Prevulcanized Latex Pvt. Ltd (KAPVL), India’s largest latex glove producer. The agreement gives KAPVL sole rights to produce and sell Vytex NRL in six countries (India, Pakistan, Sri Lanka, Nepal, Bangladesh, and Bhutan). The initial agreement period is for three years and calls for specific minimum sales and quality standards to retain the license and territory exclusivity.

Vystar President and CEO, William Doyle, commented on the significance of the agreement to the company. “This license Agreement allows Vystar access to a protected market where the duties for imported latex raw material hover around seventy percent. There is a large manufacturing base for latex products, including gloves, condoms, and foam, in India and its neighbors. India is a magnet for leading US and European manufacturers, and has recently been ranked ninth among all countries in industrial production worldwide and has surpassed the U.S. in latex consumption. Consequently, we have very positive expectations as KAPVL begins to immediately manufacture and sell Vytex in this part of the world.”

KAPVL Director, Mr. Praveen Mathew, added, “We are confident that our agreement with Vystar will work to the benefit of both companies. We at KAPVL have been impressed with the quality and versatility of Vytex, and we believe there is a significant market for Vytex NRL waiting to be tapped in a region with burgeoning growth.”

Based in Duluth, Georgia, Vystar produces a multi-patented all-natural, and environmentally safe latex material, containing significantly reduced levels of the antigenic proteins found in standard rubber latex. The product is already on the market in Envy™ Ultra Thin NRL condoms from Alatech Healthcare, and is now being evaluated for use in dozens of other consumer and medical applications.

For more information, visit www.vytex.com.

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Comstock Mining Inc. (LODE.OB) is “One to Watch”

Thursday, October 28th, 2010

A Nevada-based precious metals mining company with extensive, contiguous property, Comstock Mining Inc. has amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and brought the exploration project into test mining production. In addition to capitalizing on its current portfolio, the company continues to pursue additional properties in the district.

Comstock Mining has carefully organized a management team committed to governance, effectiveness and transparency. The senior team retains exceptional geological, geo-statistical, engineering, regulatory, environmental, financial and operating competencies that are being leveraged to exploit the company’s full potential. The company has also strengthened its operations through agreements and relationships with their closest trading partners.

Recently, Comstock Mining announced that it raised $35.75 million of new equity, exchanging all previously defaulted senior secured debt and related obligations for new equity. The funding enabled the company to secure exclusive rights of production and exploration concerning extensive mining properties integral to the company’s nearly 6,000-acre land position. This builds on the success of the recent NI 43-101 technical report which validated the company’s total measured, indicated, inferred, and historic resources of over 1.6 million gold equivalent ounces.

As stated by CEO Corrado De Gasperis, securing these rights in a long-term and safely capitalized manner completes the consolidation of the Comstock Lode District and enables tremendous exploration potential. Comstock Mining is well on its way to reaching its objective of validating qualified resources and reserves (probable and proven) of 3,250,000 gold equivalent ounces by 2013, and commencing commercial mining and processing operations next year, with annual production rates of 20,000 gold equivalent ounces.

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