Archive for April, 2011

Daulton Capital Corp. (DUCP) is “One to Watch”

Friday, April 29th, 2011

Daulton Capital Corp. is a natural resource finance company focused on precious and base metals as well as oil & gas opportunities. With the primary objective of partnering with major and junior natural resource companies for option/joint venturing projects, Daulton Capital has formed an experienced management team with the expertise necessary to capitalize on the tremendous opportunities available in the natural resource sector today.

The Company aims to acquire resource projects and expand exploration while continuing to seek special situations and unique opportunities in under funded projects within the resource sector. When evaluating these opportunities, Daulton Capital keeps its primary focus on growing shareholder value while limiting investment risk. The company also commits itself to being responsible with integrity, trust and respect for all partners and communities involved.

Daulton Capital has negotiated an option agreement on two key Gold Projects located in the Yukon Territory, Canada; the Hunker Project, which is located in the heart of the famous Klondike Placer Gold District, and the Balarat Project, located in the White Gold District. This newly discovered and internationally recognized area is the same district where Underworld Resource’s (TSX.UW) recent drill results incepted grades of 103 meters averaging 3.4 g/t Au.

In Papua New Guinea, the company has forged a strategic partnership with James Das, President of South Pacific Connection Ltd., to acquire majority working interest in a major placer property located in the Prince Alexander fault. Richly endowed with gold, copper, oil, natural gas, and other minerals, Papua New Guinea has the third-largest gold reserves in the world. The country also contains four of the largest gold and gold/copper mines in the world.

Both energy related resources such as natural gas and oil as well as precious metals such as gold, silver and copper will play a significant role in the growing demands of the world’s economy. Taking into consideration the relative buoyancy of the price of precious metals and energy due to worldwide demand drivers, currency and economic turbulence, the outlook for the price of natural resources is quite favorable as demand continues to increase.

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Tri-Tech Holding Inc. (TRIT) to Attend 2nd Beijing International Disaster Reduction and Emergency Technology & Equipment Expo

Friday, April 29th, 2011

Tri-Tech Holding Inc., a company that develops and implements integrated hardware and software solutions to aid Chinese government institutions monitor and manage natural and municipal water supplies, has announced that the Company will be attending the 2nd Beijing International Disaster Reduction and Emergency Technology & Equipment Expo held at the China World Trade Center in Beijing from May 8-10th, 2011. The theme of the expo this year will be to “promote industrial development and contingencies for disaster prevention and relief.”

Tri-Tech will be presenting its proprietary products and systems, which includes the mountain torrent monitoring and warning system platforms. Also being displayed will be the disaster relief hydration solutions with forward osmotic filtration technology, which is provided by Tri-Tech’s American Partner HTI.

The exhibition will be co-hosted by the Trade Development Bureau of the Ministry of Commerce, the National Disaster Reduction Committee Office, China Disaster Prevention Association, and the National Disaster Reduction Center of the Ministry of Civil Affairs. The main goal of the conference will be to promote advanced communications and cooperation for disaster contingency planning and to bring forth international advanced disaster emergency management systems, technologies, supplies, and equipment.

Presently, an excess of 200+ domestic and foreign enterprises are also registered for the expo. The expo has also attracted the support and participation of international organizations, such as the UN Procurement Promotion Association, the Taipei City Fir Department, the Japan-China Economic and Trade Center and the Korean Disaster Prevention Association, among others. The exhibits will present various disaster relief equipment, disaster relief reserve materials, residential emergency products and other related fields.

Mr. Warren Zhao, CEO of Tri-Tech Holding, said, “Tri-Tech is honored to be invited to exhibit at the 2nd Beijing International Disaster Reduction and Emergency Technology & Equipment Expo. This is a valuable opportunity to showcase our products, technologies and development philosophy. Last year we participated in two large regional exhibitions and forums, Water/Wastewater Technologies at China International Eco-City Forum in Tianjin Binhai New Area and the 5th China International Water Summit Forum in Beijing, which expanded our company’s vision of business and communication. In 2011, we will continue to participate in exhibitions, forums and other communication channels to display our products, technologies and corporate image. These forums also enable us to remain current with the industry’s advanced technologies and concepts while we enhance our company’s exposure and visibility in the industry, thereby increasing market opportunities and accumulating potential client resources.”

For more information on the company, visit their website at www.tri-tech.cn

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TOR Minerals International (TORM) Reports First Quarter 2011 Results

Friday, April 29th, 2011

TOR Minerals International reported significant gains in sales and operating income for the first quarter of this year. The management of the company said that the improved performance was due to increased demand and higher prices realized for its main products.

TOR Minerals International reported sales of $9.6 million in the quarter ending March 31, 2011, a 40% year over year increase compared to sales of $6.9 million in the comparable quarter in 2010. The company said that sales of specialty alumina and synthetic titanium dioxide were particularly strong during the quarter as the worldwide market for these materials tightened.

TOR Minerals International reported that operating income for the first quarter was $866,000, compared to operating income of $744,000 in the first quarter of 2010.

TOR Minerals International is investing $2 million to expand the capacity of a specialty alumina facility in the Netherlands. The company also expects higher utilization of its titanium dioxide plants in 2011.

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

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NASA Places Order with Flexpoint Sensor Systems Inc. (FLXT)

Friday, April 29th, 2011

A government deal could be called the “Holy Grail” for a small cap company. Even if the original contract isn’t very large, it is a huge vote of confidence and legitimizes a company, not to mention the potential for future purchase agreements.

Flexpoint Sensor Systems, Inc. manufactures a patented flexible sensor that has also proven to be an extremely durable switch. The single layer Bend Sensor product is very versatile and has unlimited uses as it permits measurements of mechanical movement, air flow, water flow, or even vibration. Per Flexpoint, the sensor has been tested to over 35 million cycles without failure. The multi-use capacity of the sensor system is evident in the variety of companies that are using the Company’s flagship product.

As implied by the opening sentences, Flexpoint has now tapped into the U.S. government with its sensors. Today, the Company announced that it has received an order from the National Aeronautics and Space Administration (“NASA”) to supply their patented Bend Sensors®. Much to the chagrin of the investment community, details were not able to be released at this point.

Clark Mower, President of Flexpoint, commented, “It is exciting to receive a development order for our sensors from such a prestigious and forward-thinking organization. While we cannot currently disclose the application, it opens up a whole new and expansive area of potential use of our technology. It is gratifying to continue to receive validation of our technology from so many sources. This product will be delivered to NASA during the current quarter.”

This order comes on the heels of an announcement earlier this week that Flexpoint had received a follow-up order to supply their bi-directional Bend Sensors®. Again, details were sparse, but it was reported that the client company offers products used in industrial control, medical, consumer and building automation. Followers of Flexpoint know that the Company is short and sweet with their press releases, but the stock price of FLXT could grow long legs again with continued news of this nature. Shares began the week at 20 cents, but have risen to touch 35 cents in intraday trading today.

Interested parties can find more information on Flexpoint and its sensors at www.flexpoint.com

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Tivus, Inc. (TIVU) Makes Hospitality Intelligent

Friday, April 29th, 2011

The term “computer age” seems archaic today, simply because computer technology has become so dispersed and integrated with everything else. Much computer technology is now essentially invisible to the user, buried in functionalities and automated services that we take for granted. In effect, it is allowing us to impart intelligence to processes, increasing efficiencies and reducing waste in ways never before possible. Today, efficiencies based upon intelligence can mean the difference between success and failure, and nowhere is this truer than in the rapidly changing hospitality industry.

There was a time when a hotel room had little more than two beds and a Bible, but competition and the demand for entertainment eventually made in-room television a standard feature. Black-and-white gave way to color and small screens became large screens, but the basic rules of the game remained essentially the same. You sat down and flipped through the channels until you found something of interest, or, if you were willing to spend a little money, you could pay for video-on-demand.

To the hotel owner, it all represented a nagging, if necessary, expense; something you had to give the consumer to get them in the door. Thanks to companies like Tivus, Inc., however, that model is starting to go the way of the TV antenna. Tivus, a hospitality entertainment technology company, is doing everything it can to move the industry to the bold new platform of IPTV (Internet Protocol Television). IPTV not only addresses problematic security issues common in old technology legacy systems, it offers a totally new world of scalable two-way communication and data capturing, essentially bringing intelligence to a previously limited part of the hospitality experience.

Because of IPTV’s ability to sense and effectively turn off channels that are not currently being watched, it makes far more efficient use of bandwidth, allowing guests a huge selection of channels and options. It also provides more flexibility in presentation, so that, for example, a Japanese guest could see the Japanese channels at the top of the list. Also, since IPTV standards are global in nature, it’s easier and less costly for worldwide hotel chains to adopt a single solution. The Tivus system architecture allows traffic to be analyzed as guests access the network, capturing behavioral, geographical, and seasonal factors, allowing advertisers to better focus their presentations as well. In addition, guests can interact, requesting more information when needed.

A key advantage to the Tivus solution is the company’s revenue sharing advertising program, allowing a hotel to install ultra-modern HD flat screen televisions at potentially no capital expenditure, making it easy for the industry to transition to a new level of intelligent hospitality.

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

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Got Lithium? Maybe You Should

Friday, April 29th, 2011

Although the demand for lithium is exploding, due to the fact that lithium-ion batteries represent the world’s current best answer for the efficient storage of electricity, it is still considered a relatively rare element. Found in various continental brines and rocks, its concentrations are so low that it is often bypassed. As a result, sites with real potential are highly valued, and most sources are outside of the North America.

Unlike fossil fuels, lithium is not an energy source. Rather it is a critical component enabling the use of clean alternative energy sources. The high energy to weight ratio and high capacity of lithium-ion batteries make them the solution of choice for the storage of electrical energy, and efficient electrical storage is the key when it comes to eco-friendly electric and hybrid automobiles, as well as for bridging production gaps in solar and wind generation. Without lithium, the green revolution would have far fewer options.

It has taken awhile, but investors are finally beginning to understand the importance of lithium in the next era of transportation and electricity generation. This is evident in the rapidly rising stock prices of publicly traded companies focused on producing this increasingly valuable commodity. As oil becomes more costly to extract, encouraging a variety of other power sources, rising lithium prices are considered a given.

Here are some of the companies we have been watching:

Lithium Exploration Group, Inc. (OTCBB: LEXG) is a U.S.-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently, the company is focused on its Western Canada and South America properties. Website: www.lithiumexplorationgroup.com

AmeriLithium Corp. (OTCBB: AMEL) is a publicly traded mining company committed to evolving into one of the leading American players in the global Lithium industry. The Company is headquartered in Henderson, NV. AmeriLithium has amassed a Lithium portfolio consisting of ~724,000 acres, including three Nevada-based projects nearby the only Lithium producing plant in the US, a large project in Alberta, Canada, and a project in Western Australia. Website: www.amerilithium.com.

American Lithium Minerals, Inc. (OTCBB: AMLM) is a U.S.-based mineral exploration company focused on the development of lithium and boron resources in Nevada. The company’s key objective is to develop world-class lithium projects that will capitalize on surging demand for lithium-ion batteries, particularly for hybrid and electric vehicles. The Borate Hills Project is the Company’s current primary focus; however, it is also active in grassroots exploration for lithium deposits in the Great Basin of the United States with ten other highly prospective projects in Nevada and Utah. Website: www.americanlithium.com.

Lithium Corp. (OTCBB: LTUM) is an exploration company based in Nevada devoted to the exploration for new lithium resources within the state of Nevada. The Company explores and develops potentially economic lithium-enriched brine fields, with the goal of becoming a long-term producer of this increasingly strategic and economically important commodity. Website: www.lithiumcorporation.com.

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Louisiana Food Company (LUSI) is “One to Watch”

Friday, April 29th, 2011

Louisiana Food Company’s dedication is to locating, developing, and commercializing food-related business opportunities in the State of Louisiana. They will locate and develop these business opportunities throughout Louisiana. When appropriate they will expand these business opportunities beyond Louisiana’s borders. The Company’s specialty food products sell through distributors, directly to retail grocery stores, directly to other retailers, and directly to consumers via their online store.

Each of the Company’s products is produced locally in Louisiana. Louisiana Food Company has been granted a license by the Louisiana Department of Agriculture and Forestry to affix the Department’s “Certified” logos to the Company’s products: “A Product of Louisiana: Certified”; “A Product of Louisiana: Certified Cajun”; and “A Product of Louisiana: Certified Creole”.

The Company’s management believes that the rich and diverse cultural heritage of South Louisiana provides a natural source of inspiration for their product labels. As works of art, Louisiana Food Company product labels capture the movement and energy of South Louisiana.

Each of the Company’s packaged dry products is priced so that a family of four is able to enjoy a delicious, semi-homemade meal for $10 or less. Furthermore, in less than 30 minutes, an authentic Cajun or Creole experience is available for a meal.

The Company, so far, has established three lines of Certified Louisiana specialty food products. One line is Packaged Dry Products, marketed under their “Louisiana Food Company” brand name. The second line is Sauce Products, marketed under their “The Quarter’s” brand name. The third line is Coffee Products, marketed under their “Tchoupitoulas Coffee Company” brand name.

“Louisiana Food Company” Packaged Dry Products include Jammin’ Jambalaya, Breaux Bridge Etouffee, Red Stick Red Beans, and Acadiana Dirty Rice, Fais do-do Gumbo, Elysian Fields Black-Eyed Peas, Bayou Moon Jamasta, Bon Temps Lou’siana Fry, and Pirogue Rice.

“Tchoupitoulas Coffee Company” products include 12-Bar Dark Roast, 12-Bar Dark Roast Decaf, Dixie 4/4 Medium Roast, and Blue Note Chicory Blend.

“The Quarter’s” Sauce Products, available soon, will include Italian-Style Marinara Sauce and Creole Sauce.

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InVivo Therapeutics Holdings Corp. (NVIV) Officer Receives Prestigious Award

Friday, April 29th, 2011

InVivo Therapeutics Holdings Corp. is a medical device company focused on groundbreaking technology for treating spinal cord injuries. The company utilizes polymers as a platform technology to develop treatments to improve function in individuals paralyzed as a result of traumatic spinal cord injury.

The company today announced that its Chief Science Officer Dr. Christopher Pritchard, Ph.D., has been selected as the 2011 recipient of the American Spinal Injury Association’s prestigious Apple Award. The award recognizes excellence in publishing in spinal cord injury research across the globe. This is the fifth year that the Association has presented the Apple award.

Dr. Pritchard and his InVivo Therapeutics team authored the article titled: “Establishing a model spinal cord injury in the African green monkey for the preclinical evaluation of biodegradable polymer scaffolds seeded with human neural stem cells.” The article was published in 2010 in the Journal of Neuroscience Methods.

The award recognizes one of several landmark studies supporting the company’s technology and its brilliant team of scientists led by its Chief Medical Officer, Dr. Edward Woodward, and M.I.T.’s Dr. Robert S. Langer. InVivo’s chief executive officer, Frank Reynolds, was rightly proud of the achievement stating “Acknowledgment of this caliber is an honor and highlights the promise of our strategic initiatives.”

For more information on InVivo Therapeutics, please visit its website at www.invivotherapeutics.com

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SGOCO Group Ltd. (SGOC) Posts 220% Earnings Increase for FY 2010

Friday, April 29th, 2011

SGOCO Group Ltd., a company focused on building its own brands and retail distribution network in the Chinese flat panel display market, including monitors, TVs, and application specific products, today announced its audited financial and operating results for the full year ended December 31, 2010.

Total revenue for 2010 increased 220.2 percent to a record $217.3 million, compared to $67.9 million reported for 2009. The company attributes the strong results primarily to the addition of new customers, backed by increased deals from existing customers, as well as strong growth in exports.

Gross margin was 5.1 percent compared to 14.9 percent.

Operating income increased 180.7 percent to $25.6 million as compared to $9.1 million reported for the year prior.

Net income was reported at $19.9 million, or $1.86 diluted earnings per share, up 178.4 percent over the $7.2 million, or $0.84 diluted earnings per share, reported for 2009.

As of December 31, 2010, cash and restricted cash was approximately $30 million and working capital was $38.7 million, compared to $11.4 million and $7.9 million as of December 31, 2009, respectively.

SGOCO’s business model is marketing-driven with multiple channels and multiple brands, and has three principal elements: 1) a distinct distribution channel in the form of a national network of independent retail outlets operating under the “SGOCO Image” name; 2) an actively-managed portfolio of brands that have strong local appeal; and 3) a world-class quality, design engineering, and product development capability that supports the company’s distribution channels and brand portfolio.

The company’s portfolio includes six different high quality brands which it distributes to the emerging Chinese consumer through more than 600 SGOCO Image retail partners. The company said it expects to increase its distribution network in 2011 and reach more than 1,000 SGOCO Image retail partners by the end of the year.

For more information visit www.sgocogroup.com

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LaboPharm, Inc. (DDSS) Video Chart for Friday, April 29, 2011

Friday, April 29th, 2011

DDSS is once again holding a base and the indicators are aligning. The chart has held support in several occcasions only for it to continue falling, but technical traders will be watching for any signs of upward movement again as the stock tries to find a true bottom.

To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php

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Imperial Resources, Inc. (IPRC) Agrees to Purchase Disposal Site

Friday, April 29th, 2011

Imperial Resources, Inc. reported that the company has signed an agreement to purchase a water disposal facility in Texas. The facility will be used to dispose of salt water and other fluids released from wells drilled in the area.

Imperial Resources said the facility is located in the Fort Worth Basin in north Texas, and will handle the disposal of salt water from wells drilled into the Barnett Shale. The Barnett Shale is one of the largest natural gas producing area in the United States and has seen thousands of wells drilled over the last decade.

Imperial Resources said that the disposal facility is located on forty one acres and consists of one well bore, tanks, pumps, offloading pads and control systems needed to operate the facility. The site also has a fully constructed access road and is convenient to a nearby highway.

Imperial Resources has obtained a permit from state authorities to dispose of 15,000 barrels of salt water per day. This permit is conditional on deepening the well to an additional depth. The previous owner of the site invested $5 million in the disposal facility, and the company plans to invest another $1.2 million.

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

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Tri-Valley Corp. (TIV) Completes Expanded Phase 1 Drilling Program at Claflin Project in California, Increases Existing Production

Thursday, April 28th, 2011

Tri-Valley Corp., which is engaged in oil and natural gas development on its properties in California and which is developing exploration-stage precious minerals at the Company’s gold properties in Alaska, reported today successful completion of an expanded Phase 1 drilling program at its Claflin oil project in Bakersfield at the Edison Oil Field.

The Company has drilled an additional two holes on its way to drilling a total of 22 during 2011 as planned and will be poised once complete to bring the some 2.1M barrels of net proved undeveloped resource to proved, developed and producing status, while continuing to increase oil production. More details about the resource can be found on the Company’s Form 10-K in their annual report (period ended, Dec. 31, 2010) filed with the SEC on Mar. 22, 2011.

President and CEO of TIV, Maston Cunningham, said the Company was well ahead of its proposed schedule for increasing production in 2011, projecting an 800 BOPD production rate by year’s close at Claflin should everything wrap up on time. Cunningham pointed to the recently acquired private placement financing of some $5M, which will fund the Company’s continued development at Claflin and welcomed industry veteran investment fund, Ironman Energy Master Fund, as a major new shareholder in TIV.

The Company is currently busy finalizing the installation of well-site production equipment, tying-in newly drilled wells to existing production facilities and has projected an early May start date for the initial steam injection cycle on the first new well. An additional steam injection cycle is also planned for late July and yet, this timeline may be rapidly advanced, due to new steam injection hardware currently being installed to expand operational capacity.

Initial oil production is slated for June, at which time a 90-day evaluation period will begin, allowing the Company to fully assess the potential/performance of the new wells prior to continued work on the remaining wells to be drilled by year’s end.

Cunningham also commented on a planned 3D seismic acquisition area for the Claflin and adjoining Brea properties, explaining that negotiations with land/mineral owners has taken considerably longer than expected and projecting an early May start for the beginning of the 3D seismic work. Cunningham emphasized the importance of this survey data for the Company’s ongoing exploration and development work in the Claflin/Brea, especially during the horizontal well drilling planned for later this year, where the data will afford markedly better geologic control.

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eCrypt Technologies Inc. (ECRY) Appoints Tris Hussey to Take Over New Product Campaign

Thursday, April 28th, 2011

eCrypt Technologies, Inc., a developer and retailer of encryption software that secures the transmission, storage, and access to digital information around the world, has announced that it has hired world renowned social media expert Tris Hussey as the leader of its social media, online content, and product campaigning for the company.

Tris gained recognition by leading the effort to completely make over all of eCrypt’s online properties, which include the launch of two new websites and contribution of brand new material for the official eCrypt blog, YourPrivacyIsOurBusiness.com, and launching the new weekly podcast PrivacyNowRadio. Tris’ efforts have already brought forth success, with several media appearances, as well as converting the users of competitors such as Hushmail to eCrypt.

With over 15 extensive years of experience online, web site development, startup, technology, social media experience, and product management, Tris has proven to be fully capable of engaging eCrpyt’s community. Along with being a published author, Tris was one of the first professional bloggers in North America, speaks often on society and technology, and teaches continuing education classes to University students. Tris has obtained a Bachelor of Arts degree in the field of Anthropology from Colby College in Maine, and a Master of Science degree in the field of Quaternary Studies from the University of Maine.

“Tris’ extensive background in technology, education, and science plus his social media profile make him the ideal person to lead eCrypt’s social media efforts which require a person who can easily move within the worlds of regular users, cryptography experts, and the media. We are tremendously excited to have Tris on board,” commented Brad Lever, CEO of eCrypt.

A fundamental aspect of eCrypt’s social media is to offer its users a person who is the face of the company, someone who will listen, engages, and helps people with the products. Tris, who is an established expert in technology, has become said face.

Tris has already become a Twitter celebrity (you can follow him at @trishussey), and will soon be managing the Company’s personal Twitter account (@ecrypt) and other online ventures. Tris enjoys communicating and talking with users of all levels, and has an “open online door” policy for users to contact him with any questions, concerns, or comments on eCrypt products.

“Having a person who can engage users, draw them in and make them feel valued is absolutely essential to today’s companies. A strong user community starts with a strong Community Manager. Tris Hussey is absolutely that person,” commented Curt Weldon, Chairman of the Board of Directors of eCrypt.

For more information on the company and its products, visit their company website: http://www.ecryptinc.com

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PURE Bioscience Inc. (PURE) Launches New Hard Surface Disinfectant Product

Thursday, April 28th, 2011

PURE Bioscience Inc. today announced the launch of its proprietary new brand – PURE Hard Surface disinfectant and food contact surface sanitizer. It will be launched at the 2011 California State PTA Annual Convention being held April 28-May 1 in Long Beach, California. This is part of PURE’s marketing effort to establish nation recognition of its brand.

PURE Hard Surface provides an unmatched combination of high efficacy and low toxicity with 30-second bacterial kill times and 24-hour residual protection. It completely kills resistant pathogens like MRSA and also effectively eliminates dangerous fungi and viruses including HIV, Norovirus, Influenza A, Avian Influenza and H1N1.

This new product is registered for use on food contact surfaces and is gentle enough to be used in sensitive children’s areas. PURE Hard Surface has been registered by the US Environmental Protection Agency and the State of California. The other state registrations are currently in process.

For more information on PURE Bioscience and its disinfectant products, please visit the company’s website at www.purebio.com

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FDA Gives Orphan Drug Designation to CytRx Corp. (CYTR) Pancreatic Cancer Treatment

Thursday, April 28th, 2011

Oncology-focused biotech company CytRx Corp. today announced that its tumor-targeting pro-drug candidate INNO-206 has been approved for orphan drug designation for the treatment of patients with pancreatic cancer by the Office of Orphan Products Development of the U.S. Food and Drug Administration (FDA), giving the company leverage to advance into phase II clinical trials.

CytRx holds the exclusive worldwide development and commercialization rights to INNO-206, which is designed to control the release of commonly prescribed chemotherapeutic doxorubicin and to preferentially target tumors. The company said it believes INNO-206 may make it more effective and less toxic in cancer patients than doxorubicin.

“This designation represents an important and exciting step in the overall development program for INNO-206. We are delighted with the FDA’s decision to grant INNO-206 this special status, particularly given that treatment with INNO-206 resulted in a statistically significant, three-fold reduction in the average primary tumor size in an animal model of pancreatic cancer,” Steven A. Kriegsman, president and CEO of CytRx stated in the press release.

Kriegsman noted that INNO-206 is one of few drugs demonstrating positive results as a pancreatic cancer treatment.

“Only a handful of drugs have shown any benefit for the treatment of patients suffering from this rapidly progressing, deadly cancer, and INNO-206 outperformed both doxorubicin and the current standard of care gemcitabine in the animal trial. We are now arranging advancement of INNO-206’s development for pancreatic cancer in a phase II clinical trial,” he stated.

CytRx is currently conducting a phase Ib safety and dose escalation study with INNO-206 in patients with advanced solid tumors who have failed standard therapies. The company said it plans on moving into phase II clinical testing in the second half of this year.

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

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Network Engines, Inc. (NEI) Q2 Results Beat Guidance with Sixth Straight Quarter of Profits

Thursday, April 28th, 2011

NEI, a leading global provider of server-based application platforms, deployment solutions and lifecycle support services for software technology developers and OEMs, today reported financial results for its second fiscal quarter ended March 31, 2011, with results surpassing previous guidance.

“NEI’s results met or exceeded our guidance and represent our sixth consecutive quarter of profitability. Our pre-tax profit was roughly equal to the December quarter as we benefited from a more favorable mix of custom products which drove slightly higher gross margin dollars despite seasonally adjusted lower revenues. We also continue to carefully manage our expenses and leverage our infrastructure to increase profitability,” Greg Shortell, president and CEO of NEI, stated in the press release.

Second-quarter net revenues increased 18 percent to $65 million compared to $55 million reported for the second quarter of the year prior.

Gross profit margin was 11.6 percent of net revenues compared to 11.8 percent for the second fiscal quarter of the prior year.

NEI reported net income on a GAAP basis at $1.5 million, or $0.03 per share, which included $236,000 of stock-based compensation expense and $332,000 of amortization expense. This compares to net income of $236,000, or $0.01 per share, which included $282,000 of stock-based compensation expense and $389,000 of amortization expense in the same period a year ago.

Non-GAAP net income, which excludes stock-based compensation and amortization expenses, was $2.0 million, or $0.05 per share, better than the expected range of non-GAAP profit of $700,000 to $1.3 million. The non-GAAP net income compared to non-GAAP net income of $907,000, or $0.02 per share, in the second fiscal quarter of 2010.

NEI finished the quarter with $15.1 million in cash and cash equivalents and $53.4 million in working capital. Accounts receivable decreased to $38.8 million and inventory levels increased to $26.5 million compared to $43.0 million and $25.8 million as of December 31, 2010, primarily due to the lower revenues. NEI also has a $10 million bank credit facility that it has yet to utilize.

The company offered guidance for its fiscal third quarter ending June 30, 2011, based on current forecasts from certain customers and historical trends. NEI anticipates net revenues in the range of $61 million to $66 million; gross profit margin in the range of 10.5 percent to 11.0 percent of net revenues; operating expenses between $5.9 million and $6.4 million; net income on a GAAP basis in the range of $400,000 to $900,000; and net income on a non-GAAP basis in the range of $1.0 million to $1.5 million.

For more information visit www.nei.com

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True 2 Beauty, Inc. (TRTB) Continues Marketing Move Into Television

Thursday, April 28th, 2011

Earlier this month, True 2 Beauty, leading distributor of all-natural pills and liquid products for male and female sexual enhancement, signed television personality and author David Good as celebrity spokesman. Readers may remember Good as the winner of ABC’s reality TV show Bachelor Pad. He was also a former contestant on season 5 of The Bachelorette. Good will be promoting Love Pack, the company’s newest product, which combines offerings for both genders in one package, the product being the result of market research by the company’s North American distributor Kretek International. It’s one of many anticipated television campaigns True 2 Beauty is planning as part of a major marketing scale up.

Alex Hbaiu, True 2 Beauty’s CEO, said of the agreement and Love Pack, “We believe David is the perfect match for targeting our core age groups across both sexes. His strength of character and keen understanding of the male-female dynamic will only add to his allure as a positive role model to promote our products. The concept of bringing the male and female products together into one SKU allows us to simultaneously market our products to both genders at retail and online, and creates a more unique experience at the point of purchase.”

Capitalizing on his television celebrity, David Good recently completed a book written to help women better understand the often puzzling male psyche. Good is currently promoting the book, titled “The Man Code: A Woman’s Guide To Cracking The Tough Guy” on a major book signing tour, but work on the first commercial with Good is expected to begin immediately, aiming for a mid-summer release.

True 2 Beauty’s products include LibiGrow, LibiGirl, LibiLiquid Shots, and the LibiLiquid Relaxation Drink. The company also offers a new water based lubricant named TNT Touch ‘N Tingle, and recently announced the launch of an additional line of supplements under the brand Blue Diamond (for men) and Pink Diamond (for women).

For more information, visit the company’s websites at www.True2BeautyInc.com, and www.LibiGrow.com

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Camtek Ltd. (CAMT) Q1 Earnings Rise 56%

Thursday, April 28th, 2011

Camtek Ltd., a provider of automated solutions dedicated for enhancing production processes and yield, today announced its financial results for the quarter ended March 31, 2011, posting 56% earnings growth driven by the company’s ongoing growth strategy.

“We are very pleased with our strong results and it is a great start for 2011. This quarter’s success was the result of our continuous efforts in reshaping our business that started eight quarters ago and has resulted in gradual growth since then. The growth has cemented our sound position in our legacy inspection businesses in the back-end semiconductor and PCB industries. We are also now moving from proving feasibility to actually establishing a position with our new front-end semiconductor inspection and sample preparation product lines,” Roy Porat, Camtek’s CEO stated in the press release.

Revenues for the first quarter of 2011 increased 56 percent to $27.5 million, compared to $17.6 million in the first quarter of 2010.

Gross profit on a GAAP basis in the quarter totaled $12.8 million, 46.6 percent of revenues, compared with $7.0 million, 40 percent of revenues, in the first quarter of 2010. Gross profit on a non-GAAP basis in the quarter totaled $12.9 million, 47.0 percent of revenues, compared with $7.3 million, 41 percent of revenues, in the first quarter of 2010.

Operating income on a GAAP basis in the quarter was $3.0 million, 10.8 percent of revenues, compared with an operating loss of $0.4 million in the first quarter of 2010. Non-GAAP operating income was $3.1 million, 11.5% of revenues, in the quarter compared with an operating loss of $0.1 million in the first quarter of 2010.

The company reported net income on a GAAP basis in the first quarter of 2011 totaled $2.4 million, or $0.08 per diluted share, compared to a net loss of $0.9 million, or a loss of $0.03 per diluted share in the first quarter of 2010.

Net income on a non-GAAP basis in the first quarter of 2011 was $3.1 million, or $0.10 per diluted share, compared with a net loss of $0.3 million, or $0.01 per diluted, share in the first quarter of 2010.

Cash and cash equivalents levels as of March 31, 2011, were $9.2 million with an additional amount of $5.2 million in restricted cash compared with $9.6 million and $5.2 million restricted cash at December 31, 2010.

The company anticipates flat to moderate growth for the second quarter of 2011, with revenues between $27 million-$29 million.

For more information visit www.camtek.co.il

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Openwave Systems Inc. (OPWV) Video Chart for Thursday, April 28, 2011

Thursday, April 28th, 2011

OPWV is taking on the look of a descending triangle, but it is holding a firm support level as well as the 200 day moving average in the area of $2.02. The stock closed up mildly yesterday and should be hitting the watchlist of technical traders to see if a climb over the 50 dma is going to happen along with a run to the upper trendline.

To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php

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Spare Backup, Inc. (SPBU) and Wirefly Launch Mobile Backup PRO

Thursday, April 28th, 2011

Yesterday, Spare Backup, Inc. announced it would be growing its current relationship with Internet cell phone retailer Wirefly to launch Mobile Backup PRO, a suite of security and protection features. Mobile Backup PRO expands on Wirefly Mobile Backup, a free service introduced to Wirefly customers in November 2010. The premium version will be available on an annual or month to month subscription plan and offer a 30 day trial.

Palm Desert, CA based Spare Backup, Inc. offers customers from consumer to business level protection of their computer data through its Spare BAckup product, which automates online backups of digital materials such as music, photos, and other PC files. Wirefly, a subsidiary of Simplexity, has been named “Best of the Web” by Forbes magazine and “Best in Overall Customer Experience” by Keynote Performance Systems, and offers discounts and services not available in retail wireless stores.

Spare Backup will provide Wirefly with software and tech that will allow PRO subscribers the ability to lock their phone, display alert messages, sound an alarm, use GPS location and erase data remotely from their phone via any Internet connected PC. This service is available for iPhone, Blackberry and Android smartphones on all major US wireless carriers.

Wirefly customers can access these features through a trial period after registering with a credit card, and can either cancel the service or be automatically enrolled when the trial ends. These services will be available for all Wirefly customers, which Wirefly will be marketing through promotional offers and service bundles.

“We are excited to expand this relationship and provide our cutting edge digital services as a complement to Wirefly’s cell phone and wireless services,” stated Cery Perle, CEO of Spare Backup. “Tens of thousands of Wirefly customers are already using the basic version of Mobile Backup, and we expect these customers will take advantage of the new features offered in the PRO version. Additionally, we believe introducing new customers to the mobile security capabilities of our product through a trial offer is great way to expand its reach.”

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Cinedigm Digital Cinema Corp. (CIDM) Enters into Deployment Agreement with SR Entertainment Group

Thursday, April 28th, 2011

Cinedigm Digital Cinema Corp., a global leader in digital cinema, announced yesterday that they have entered into a long-term VPF deployment agreement with SR Entertainment Group. The agreement will enable the conversion of SR Entertainment Group’s theatres to digital cinemas under the terms of Cinedigm’s agreements with all the major studios. This conversion, financed by Cinedigm, will deploy 81 Cinedigm-Certified™ screens across six existing sites, with completion expected by this summer.

SR Entertainment Group will exclusively deploy Barco digital cinema projectors. Utilizing these projectors in conjunction with Cinedigm’s digital cinema program will ensure high quality theatrical entertainment for SR Entertainment Group customers and the ability for each theater to provide consumers all-new digital entertainment options, including high quality live and alternative content programming. The sites are located in the San Francisco Bay Area, California’s Central Valley, and Southern California.

“We are excited that our digital deployment with Cinedigm will allow us to bring our audiences the latest in theatrical and alternative entertainment coupled with the best presentation achievable,” said Dan Tocchini, President & CEO of SR Entertainment Group. “Cinedigm has a strong track record and I look forward to our partnership with them for years to come.”

“For over 85 years the Tocchini family has set the standard for excellence in exhibition in the Northern California area,” said Chuck Goldwater, President, Cinedigm’s Media Services Group. “We are delighted that SR Entertainment Group has selected Cinedigm to help guide their transition to digital cinema and preserve that proud family tradition of excellence for many more years to come.”

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Inventure Foods Inc. (SNAK) Reports Earnings Up 16%

Wednesday, April 27th, 2011

Inventure Foods Inc., a leading specialty food maker and marketer, today reported its financial results for the first quarter ended March 26, 2011, posting record first-quarter earnings of $0.08 per fully diluted share.

“Our record first quarter 2011 earnings have carried Inventure Foods’ momentum into the new year,” Terry McDaniel, CEO of Inventure Foods stated in the press release. “We are off to quality starts in both our Snack and Rader divisions as we continue to deliver year-over-year revenue and earnings growth. Our Healthy/Natural portfolio now represents 53 percent of total revenue, having increased 27 percent from the first quarter of 2010. As we continue to focus resources on building our “better-for-you” group of products, we hope that it will continue to gain a larger share of total company revenues.”

Revenue for the first quarter increased 16.7 percent to $36.6 million compared to $5.2 million versus the prior-year first quarter. Snack division net revenue posted a 12.4 percent increase over the same quarter a year ago to $21.7 million. The Snack division also experienced a second consecutive quarter of growth in the T.G.I. Friday’s brand, which increased 17.6 percent from the prior year.

Rader division net revenue, which includes Jamba All Natural Smoothies, totaled $14.9 million for the quarter, up 23.6 percent over the prior-year period. Excluding Jamba, Rader division net revenues increased 6.7% for the quarter. Jamba net revenue for the quarter totaled $2.1 million ($2.5 million gross), reflecting Jamba’s nationwide rollout and the adding of a fourth flavor, Caribbean Passion.

Consolidated net income for the quarter was $1.4 million, or $0.08 per fully diluted share, compared to $1.2 million, or $0.07 per fully diluted share, in the first quarter of 2010.

Gross profit of $7.9 million, or 21.6 percent of net revenues, increased 15.8 percent. Selling, General and Administrative (SG&A) expenses totaled $5.5 million for the quarter, or 15.0 percent of net revenues.

McDaniel said the company will continue to invest in its brands, supplying them with new sales to support expansion, noting Jamba and Boulder Canyon in particular.

“Jamba continues to perform above our expectations, delivering $2.5 million in gross revenues, which was achieved with very little new business. We believe Jamba is poised for a strong second quarter as we continue to execute the national roll-out. Early customer feedback and acceptance has been very encouraging and reflective of our expectations relating to the original roll out. Boulder Canyon continues its strong momentum as we expand geographically and add new products to the portfolio. We are also excited by the resurgent first quarter growth of T.G.I.Friday’s. The 7.0 percent increase in our Indulgent/Specialty portfolio was primarily the result of its strength,” McDaniel stated.

For more information visit www.inventurefoods.com

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Sharps Compliance Corp. (SMED) Posts 24% Revenue Increase for Q3

Wednesday, April 27th, 2011

Sharps Compliance Corp., a leading full-service provider of cost-effective management solutions for medical waste and unused dispensed medications generated outside the hospital and large healthcare facility setting, today posted its financial results for the third quarter of fiscal 2011 for the three months ended March 31, 2011.

Revenue in the third quarter of fiscal year 2011 increased 24.2 percent to $4.5 million from $3.6 million reported in the third quarter of 2010. The company attributes the increase to growth in its three targeted markets: Professional, Retail and Core Government.

“Our strong revenue growth in the quarter is clear evidence that our many initiatives to realign our resources – and intensify and more strategically target our marketing activities – are beginning to generate tangible results. We believe we have properly positioned the company to more fully capitalize on the vast and largely untapped potential of the medical waste and unused dispensed medication disposal market,” David P. Tusa, president and CEO of Sharps Compliance, stated in the press release.

Net loss for the fiscal 2011 third quarter was $659,000, or $0.04 per diluted share, compared with net loss of $975,000, or $0.07 per diluted share, in the prior-year period. Higher sales volumes were the primary contributor to the increase.

Gross margin improved to 31.2 percent in the third quarter of fiscal 2011, up from 24.3 percent in the third quarter of fiscal 2010.

The company reported cash and cash equivalents of $16.8 million at March 31, 2011, compared with $18.1 million at June 30, 2010; working capital was $20.8 million at March 31, 2011, compared with the fiscal 2010 year-end level of $21.6 million.

Tusa outlined the company’s business strategy and how its steps to achieve growth are paying off.

“Our efforts to refocus our sales and marketing resources are beginning to be realized through growth in billings. Our TakeAway Environmental Return System™ has been extremely well received by retail pharmacies across the country. Revenue from this product bolstered results during a quarter which has historically been our weakest due to the gap between flu shot seasons. In addition, our broadened awareness campaign is beginning to generate improved sales through our inside sales and e-commerce efforts,” Tusa stated. “We reached $304,000 in sales through these two channels, more than double the prior-year period and a 28 percent improvement over the trailing second quarter. On average, the number of weekly orders by inside and online sales has grown from 56 in the third quarter of fiscal 2010, to 99 in the trailing second quarter, to 127 in this fiscal year’s third quarter…”

For more information visit www.sharpsinc.com

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Unigene Laboratories, Inc. (UGNE) Achieves Enrollment Target for Oral PTH Phase 2 in Osteoporotic Postmenopausal Women, Secures $4M Milestone Payment from GlaxoSmithKline

Wednesday, April 27th, 2011

Unigene Laboratories, developers of one of the top portfolios in existence of peptide-based therapeutics, a portfolio engineered on the Company’s revolutionary Peptelligence™ platform, reported today that patient enrollment in Phase 2 of the oral parathyroid hormone (PTH) analog study targeting postmenopausal women with osteoporosis has been completed.

The Company has thus completed the necessary requirements for the $4M milestone payment from collaborating partner GlaxoSmithKline (GSK), with whom UGNE is developing the oral formulation of a recombinantly produced PTH analog, as part of an extremely promising, exclusive global licensing agreement (signed, Dec. 10, 2010). This payment supplements the initial upfront $4M payment used to implement the Phase 2 study and UGNE stands to gain up to an additional $142M via achievement of agreement-specified regulatory and commercialization milestones.

President and CEO of UGNE, Ashleigh Palmer, called the enrollment target’s completion itself a major milestone for UGNE, as it represents a culmination of the Company’s proprietary PTH analog oral formulation. Palmer called the four-month execution of this study, since the initial signing with GSK, extremely impressive and commended the UGNE team for their diligence, showcasing the Company’s vast experience with trialing.

Additionally, the Company is eligible for tiered double-digit royalties on global sales and GSK may elect to assume total control over all aspects of future development/commercialization, based on a summary review of the Phase 2 data. This is a huge boon for UGNE, which designed the Phase 2 study to help create a solution for the one-in-three women, and one-in-five men over 50 who will suffer from osteoporosis. Osteoporosis is a huge market and its rate of occurrence in postmenopausal women is rising along life-expectancy rates, having a heavy-hitter like GSK potentially drive this product home post-Phase 2 to the tune of double digit royalties in a worldwide market that in the US, Europe and Japan alone totals over 75M.

Let’s take a quick look at the study itself:

• Multicenter, randomized and double-blind with respect to the placebo, repeat dose of which will include an open label Forsteo® injectable formulation comparator arm

• One daily oral PTH analog will be compared to baseline

• Primary target will be increased bone mineral density in the lumbar spine of the some 93 postmenopausal osteoporotic patients at 24 weeks

• Secondary targets will analyze biochemical markers indicating bone formation, resorption, overall safety and tolerability/ pharmacokinetics of the oral formulation itself

For more information on Unigene Laboratories, Inc., visit their website at: www.unigene.com

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Fuel Tech Inc. (FTEK) Receives Orders Totaling $2.4 Million

Wednesday, April 27th, 2011

Fuel Tech Inc. is engaged in the worldwide development, commercialization and application of state-of-the-art proprietary technologies for air pollution control, process optimization and advanced engineering services. These technologies enable customers to produce both energy and processed materials in a cost-effective and environmentally sustainable manner.

The company today announced receipt of two air pollution control orders totaling $2.4 million. Both orders are scheduled to be delivered later in 2011.

The first order was placed by an existing utility customer. It was for two of the company’s ULTRA systems for two retrofit coal-fired electricity generating units in China. Fuel Tech’s ULTRA process provides for safe and cost-effective on-site conversion of urea to ammonia, which is used as a reagent in the selective catalytic reduction of nitrogen oxide (NOx). This eliminates the hazards associated with the transport, storage and handling of aqueous ammonia.

The second order was also placed by an existing customer. It was for a NOxOUT-SCR project on a domestic industrial boiler. Fuel Tech’s proprietary NOxOUT-SCR process is an advanced form of a selective catalytic reduction (SCR) system. Unlike the conventional SCR system which uses ammonia as the reagent, the company’s process utilizes a safe, easy-to-use reagent to feed the SCR system. This process can provide up to 85% NOx reduction, similar to a conventional SCR, but without the downside safety risks.

For additional information on Fuel Tech and its technologies, please visit the company’s website at www.ftek.com

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