Archive for March, 2012

Guanwei Recycling Corp. (GPRC) Posts Record Financial Results for 2011

Friday, March 30th, 2012

Guanwei Recycling, China’s leading clean tech manufacturer of recycled low density polyethylene (LDPE), today reported financial results for fiscal 2011, reflecting record sales and profits.

Net revenues for 2011 increased 34 percent to a record $63.6 million compared to $47.5 million reported a year earlier.

Net income in 2011 grew 29 percent to a record $12.7 million, or $0.64 per diluted share, compared with $9.9 million, or $0.50 per diluted share, reported in 2010.

Gross profit for 2011 increased approximately 27 percent to $19.48 million, while gross margins decreased to 30.64 percent from 32.20 percent a year earlier. The company attributes this decrease primarily to an approximately 22 percent increase in raw material costs.

The company increased its annual combined raw material import quota to 99,000 tons in 2011 and 115,000 tons in 2012; production capacity expanded to 80,000 tons from 65,000 tons.

As of December 31, 2011, Guanwei reported shareholders’ equity of $45 million, an increase compared to $34.1 million a year earlier. Total assets of $45.08 million at year end included cash and cash equivalents of $12.43 million, and accounts receivable of $4.48 million. Inventories increased to $16.85 million from $10.72 million a year earlier, and pre-payments and other assets of $2.10 million as of year-end 2011 compared with $475,195 at the end of 2010.

The company also paid off short-term debt and increased working capital at year end to $23.8 million from $13.4 million a year earlier.

Chen Min, chairman and CEO of Guanwei, called 2012 a “banner year” for the company, and noted increased production capacity, the company’s strong financial standing, and its obtaining of a substantial increase in its government quota for imported raw material.

“With these accomplishments,” Min stated in the press release, “we are confident of another year of record results in 2012. Even with an anticipated slowing in our domestic economy, we have a customer base that is well diversified, and the more than 40% price advantage our recycled plastic offers compared with virgin plastic continues to make it quite attractive.”

For more information visit www.guanweirecycling.com

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Applied DNA Sciences, Inc. (APDN) smartDNA Gets Official Green Light for Forensic Use

Friday, March 30th, 2012

Applied DNA Sciences, a provider of DNA-based security solutions, today announced that its botanical, smartDNA anti-theft system is now officially approved by the Swedish National Police Board (RPS). smartDNA will be used by law enforcement in all counties in Sweden effective June 2012.

smartDNA is a patented security system used to protect valuables in highly covert sting operations, and can be incorporated within existing security and anti-theft systems. In the event of a crime, the offender is marked (sprayed) with a DNA-marked fluorescing dye, which allows for detection and forensic evaluation. The technology is already used by the Swedish National Laboratory of Forensics (SKL), and has proven effective for criminal prosecution measures.

“We are very pleased with smartDNA as it has helped us to arrest the criminals for serious crimes committed. This has been proven in our evaluation of the system for the past year, and we expect, with support from SKL, our national forensic laboratory, to prosecute these criminals to the fullest extent of the law,” Anders Buren, detective superintendent for the Stockholm County Police, stated in the press release.

RPS, through the National Police Academy, is responsible training police officers and for developing new working methods, and technological and administrative support. It is also the principal agency for the SKL.

Per the board’s approval, beginning in June 2012, the entire Swedish police force will utilize smartDNA as a covert method of linking criminals to crimes.

Applied Sciences reports that since the launch of smartDNA in Sweden, more than 40 locations have installed smartDNA spray systems. The products are also available in the United States and are installed in a number of bank and pharmacy locations on Long Island, New York.

For more information visit www.adnas.com

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It’s Hard to Overlook Longhai Steel, Inc. (LGHS)

Friday, March 30th, 2012

Scrolling through another batch of earnings reports from big board companies in the steel business once again showcases the out-of-sync valuation of Longhai Steel and its industry peers.

Olympic Steel (NASDAQ: ZEUS) reported Q4 2011 net sales totaled $319.9 million, the highest ever for its fourth quarter, an increase of 48.7% from the $215.2 million reported for the year-ago period. Fourth quarter 2011 net income totaled $0.6 million, or $0.05 per diluted share, compared to a net loss of $1.6 million, or $0.15 per diluted share, in last year’s fourth quarter. Net sales for the year totaled $1.26 billion in 2011, a new record, increasing 56.7% from $805 million in 2010. For 2011, net income increased by $22.9 million to $25.0 million, or $2.28 per diluted share, compared to net income of $2.1 million, or $0.20 per diluted share, for 2010. Shares are trading around $24 each with a market cap of approximately $260 million.

China Gerui Advanced Materials Group (NASDAQ:CHOP) reported 2011 Q3 revenue of $101.1 million as compared to $61.9 million in the same quarter of 2010. Gross profit for the quarter was reported at $32.1 million; up from $18.6 million in the 2011 quarter. Operating income increased to $28.7 million from $16.5 million. Notably, the company was recently upgraded to NASDAQ Global Select. China Gerui has no long-term debt, but more than $216 million in short-term debt. Shares are trading at $3.57 with a market cap of approximately $210 million.

Schnitzer Steel Industries (NASDAQ:SCHN) said that it expects fully diluted earnings per share for the second quarter to be approximately $0.28 – $0.35. The company will report its earnings next week. Shares are trading at around $40 with a market cap of approximately $1.1 billion.

For its third quarter ended Feb. 29, 2012, Worthington Industries (NYSE: WOR) reported a profit of $25.9 million, or 37 cents a share, down from $26.3 million, or 35 cents a share, a year earlier on a 7.3% gain in revenues. Revenue at Worthington’s steel processing business, its biggest by sales, rose 22% to $367.3 million. Shares are currently trading at $19.14 each with a market cap of approximately $1.33 billion.

The unsung hero in this business looks to be Longhai Steel (OTCBB: LGHS), a producer of high-quality steel wire products in the People’s Republic of China. Today, the company announced its financial results for the year ended December 31, 2011, which included steel wire sales revenue of $608 million compared with $475 million for 2010, an increase of $133 million, or 28 percent. 2011 gross profit rang-in at $18.7 million compared to gross profit of $18.6 million for 2010. 2011 net income was $11.2 million, or $1.12 per fully diluted share, compared with net income of $11.3 million for 2010.

As of December 31, 2011, shareholder’s equity equaled $57.5 million, or $5.72 per fully diluted share. Longhai has no long-term debt. Shares are trading at $1.60 each with a market cap of $14.8 million.

Shares have risen in value for LGHS recently, but this company still seems to have tremendous upside potential to get on par in valuation with others in the industry. The new plant getting fully online could potentially send annual sales near the $1 billion mark.

Mr. Steven Ross, Executive Vice President of Longhai, said in today’s release, “We are pleased to report record sales for 2011, largely driven by the opening of our new production facility in the fourth quarter of 2011. As the newly-opened steel wire facility continues to ramp output, we expect to see continued year-over-year improvements in operating results throughout 2012. During the first quarter of 2012 we also reconstituted our Board of Directors and transitioned to a new auditing firm, Marcum Bernstein & Pinchuk, LLP, both significant steps toward our goal of moving to a senior exchange.”

Ross continued, “Once fully ramped, the new facility will increase our overall capacity by approximately 60%, and have the capability to produce such high margin products as alloy steel, cold forging steel and welding rods. Over the next two quarters we expect to begin utilizing higher quality steel billets, which will enable us to produce higher quality and higher margin products for additional markets beyond construction and infrastructure.”

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Mikros Systems Corp. (MKRS) Announces 2011 Fourth Quarter and Full Year Results

Friday, March 30th, 2012

Mikros Systems Corp., an advanced technology company primarily specializing in electronics systems technology for military applications, announced today its results for the fourth quarter and 12 months ended Dec. 31, 2011.

The company finished 2011 with record revenue of $5.3 million – an 11% increase from the previous year. The company additionally increased its gross profit from $2.0 million in 2010 to $2.1 million at the close of 2011, ending the year with $1 million in cash and cash equivalents – an increase of more than 50% from 2010.

Mikros Systems’ fourth quarter revenue for 2011 was $2.3 million – a 56% increase from the fourth quarter of 2010. This reflects higher revenues related to the company’s ADEPT products. The company also had a gross profit of $0.7 million for the fourth quarter of 2011, or 31.4% of revenue, as compared with $0.6 million, or 44.2% of revenue, from the previous year.

Mikros is currently pursuing a number of new contracts and opportunities that leverage the company’s technical expertise and can assist the Navy in modernizing its shipboard network infrastructure. The company finished 2011 well-positioned to continue its expansion and profitability, and it anticipates that 2012 will see continued growth, higher profitability, and additional program wins for Mikros.

The company’s full financial results for 2011 can be accessed at www.mikrossystems.com

Mikros is an advanced technology company focusing on the research and development of electronic systems technology – chiefly for military applications. The company is classified by the U.S. Department of Defense as a small business. Mikros’ capabilities include technology management, electronic systems engineering and integration, radar systems engineering, combat/command, control, communications, computers and intelligence systems engineering, and communications engineering. The company’s main business is pursuing and obtaining contracts from the Department of Homeland Security, the U.S. Navy, and other governmental authorities.

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Liquidmetal Technologies, Inc. (LQMT) Video Chart for Friday, March 30, 2012

Friday, March 30th, 2012

LQMT is moving into a decision-making area. The pps is facing resistance at the 200-day moving average while drawing support from the 50-day moving average. When the two key moving averages converge, the chart will have to make a move through one or the other which could signal whether or not the multi-month uptrend will continue or not.

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

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Sinovac Biotech Ltd. (SVA) Phase I Clinical Data for EV71 Vaccine Against Hand, Foot, and Mouth Disease Published in Vaccine

Friday, March 30th, 2012

Sinovac Biotech yesterday announced that the positive phase I clinical data for its proprietary inactivated Enterovirus 71 (EV71) vaccine was accepted for publication by Vaccine, a peer-reviewed journal. The uncorrected proof is available online.

The EV71 vaccine is an inoculation against hand, foot, and mouth disease (HFMD). The article, entitled “Safety and immunogenicity of a novel human Enterovirus 71 (EV71) vaccine: A randomized, placebo-controlled, double-blind, Phase I clinical trial,” gives a detailed look at the safety observation with preliminary immunogenicity data from the study, in which all three age groups (adult, children, and infants) showed good safety and tolerance profiles.

During the phase I clinical trial, vaccine candidates were first given to the adults, starting from the lowest dosage to higher dosages. After the two inoculations were administered, a safety observation was conducted and clinical experts and the Data Safety Monitoring Committee reviewed the safety evaluation report. When safety was confirmed, inoculations were then administered to the children; the same procedure was followed before the infants were inoculated. The Ethics Committee approved this trial protocol.

The results of the phase I clinical trial showed that Sinovac’s novel inactivated human EV71 vaccine was well tolerated in healthy volunteers, and good immunogenicity was indicated in the testing results on neutralizing antibody. The company confirmed these findings in the phase II clinical trial, which showed that the EV71 vaccine demonstrated a good immunogenicity and a favorable safety profile with no serious vaccine-related adverse events.

In January, Sinovac commenced phase III clinical trials prior to the hand, foot, and mouth disease outbreak season. Around 10,000 healthy volunteers were enrolled through the end of March. The phase III trial is progressing on schedule and is anticipated to be completed in the first half of 2013. The construction of an EV71 vaccine production plant is also underway to be ready for production as soon as the vaccine is approved.

More than 90 percent of reported hand, foot, and mouth disease cases occur in children under the age of 5, and the epidemic situation is still serious in China. HFMD is common in childhood and usually mild, but there has been an increase in severe cases reported that are associated with neurological problems caused by EV71. Sinovac’s progress brings the world one step closer to a novel vaccine that is effective against human EV71 outbreaks.

Sinovac Biotech Ltd. is a biopharmaceutical company based in China. Sinovac’s focus is on researching, developing, manufacturing, and commercializing vaccines that protect against human infectious diseases, as well as animal rabies vaccines for canines. In 2009, Sinovac was the first company in the world to get approval for its H1N1 influenza vaccine, Panflu. 1. Sinovac has a number of new pipeline vaccines currently in development. The company primarily sells its vaccines in China, with some selected vaccines exported to Mongolia, Nepal, and the Philippines.

For more information, visit the company’s Web site at www.sinovac.com

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SilverSun Technologies, Inc. (SSNT) Announces Record Revenues and Earnings; Reduces Total Liabilities by 60.5%

Thursday, March 29th, 2012

SilverSun Technologies, Inc., a total solutions provider specializing in business software for the small and medium-sized business market, just reported its financial results for the calendar year ended December 31, 2011, in a Form 10-K filed with the Securities and Exchange Commission.

The company’s revenues for the twelve-month period increased 40.5% year-over-year to a record $10,522,080 from $7,486,703 in 2010. Net income on a consolidated basis totaled $2,708,931 for the year ending December 31, 2011, also a record, as compared to a net loss of $568,505 on a consolidated basis for the year ended December 31, 2010, an increase of $3,277,436.

Earnings per share was reported at $0.58 for the year ending December 31, 2011, a substantial improvement over the net loss of $0.13 per share reported for the previous year. Earnings per share on a fully diluted basis was $0.02 for the year ending December 31, 2011, compared to a net loss per share of $0.13 on a fully diluted basis for 2010.

Mark Meller, Chief Executive Officer of SilverSun Technologies, stated, “This was a banner year for our Company, and we are very pleased to report financial improvements across the board. Operating profit, despite the expenses we incurred as a result of our restructuring, was still $260,000. Furthermore, we have secured a line of credit with a commercial lender and have reduced our total liabilities by $3,712,550, from $6,133,472 on March 30, 2011, to $2,420,922 as of December 31, 2011, a reduction of 60.5%.”

“Our Company is working hard to execute on its aggressive growth plan,” Meller added. “With organic sales accelerating, significant reduction of our debt, and a profitable operating business, we are well positioned to commence the next phase of our growth strategy, which includes the acquisition of other resellers and proprietary products. We are excited about the future and look forward to providing additional information on further developments.”

For more information, visit SilverSun’s Web site at www.silversuntech.com

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Vertex Energy, Inc. (VTNR) Posts Q4, FY 2011 Financial Results

Thursday, March 29th, 2012

Vertex Energy, a leading environmental services company that recycles industrial waste streams and off-specification commercial chemical products, today announced its financial results for the fourth quarter and full year ended December 31, 2011.

Fourth quarter revenue increased nearly 100 percent to $31.3 million for 2011 compared with $15.7 million in revenue reported for the fourth quarter of 2010.

Gross profit was $1.31 million compared with $1.48 million during the fourth quarter of 2010.

Income from operations was $235,829 compared with $510,205 during the fourth quarter of 2010.

Net income was $2.1 million compared to $467,280 in last year’s fourth quarter; $1.8 million of this increase is attributable to the tax benefit stemming from the net operating losses related largely to the World Waste Technologies merger.

Vertex’ sales volumes improved 29 percent in the fourth quarter of 2011 compared to the fourth quarter of 2010.

“While the fourth quarter income results were behind last year’s fourth quarter, we are entering the new year in a position of strength. We believe improvements will continue into 2012, and expect the first quarter 2012 to outperform the first quarter of 2011,” Benjamin P. Cowart, CEO of Vertex stated in the press release.

Full-year 2011 revenues increased 89 percent to $109.7 million for the year ended 2011 compared with $58.1 million in 2010.

Gross profit increased to $8.1 million, a 90 percent increase over the $4.2 million reported in 2010.

Income from operations improved 247 percent to $4.0 million, compared with $1.1 million reported last year.

Net income improved to $5.8 million or $0.39 per fully diluted share, compared with net income of $1.2 million, or $0.09 per fully diluted share, reported in 2010; net income for the 2011 year includes a $1.8 million tax benefit, primarily stemming from the company’s net operating losses related to the 2009 World Waste Technologies merger.

Company-wide sales volumes increased 26 percent over 2010.

According to Cowart, Vertex is moving through 2012 with “relatively no long-term debt, significantly increased cash flow, and advantageous market conditions” as the company continues to explore strategic acquisitions for further growth.

For more information on the company visit www.vertexenergy.com

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American Energy Corp. (AEDC) Kicks-Off Development Plans as Michigan’s Frost Laws are lifted

Thursday, March 29th, 2012

Independent energy company American Energy Development today announced it has re-started development on its 1,343 acre Dansville Prospect after an early end to Michigan’s Frost laws, which took effect in late February and were lifted on March 15.

Frost laws are seasonal restrictions implemented to curb traffic weight limits and speeds on roadways that are subject to thaw weakening. The laws were lifted early this year due to unseasonably warm temperatures in the region, which allows for American Energy to move forward on its second well, Cremer 1-1.

Cremer 1-1 has been surveyed and bonded, and the company said it expects to begin the drilling phase and spud in late April. The Cremer 1-1 well, as Brown 2-12, is located within the Niagaran oil reef structure, which covers roughly 4,000 square miles.

According to historical records of the Niagaran Reef Play in Michigan, there are more than 4,200 wells being drilled, targeting reef formations and producing a total of 472 MMBO and 2.8 TCF gas. Current development of these reef trends are being driven by Royal Dutch Shell, BP, and ExxonMobil.

For more information visit www.aed-corp.com

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Pyramid Oil Company (PDO) Reports Strong Financials, Projects Further Growth amid Rising Oil Prices, Expanding Operations

Thursday, March 29th, 2012

Today, veteran oil and gas sector developer Pyramid Oil, which has been fielding acreage candidates and drilling wells since 1909, punched out some very nice FY11 and Q4 (ended Dec 31, 2011) financial data.

FY11 data offers a clear view of the company’s solid growth vector:

• Sales – up 26% to $5.7M (from $4.5M in 2010)
• Total Revenue – up 18% to $5.7M (from $4.8M)
• EPS – up 359% to $0.23 (from $0.05)
• Operating Cash Flow – up 47.1% to $2.5M (from $1.7M)
• Cash, Cash Equivalents, and Short-Term Investments – up 30.4% to $6M (from $4.6M)
• Long-Term Debt – under $25k
• Total Current Assets – $7.2M, with $6.5M in working capital and a ratio of 10:1

Sales rose on the strength of rising prices, which were up 38.8% per average BOE, to $104.78 (from $76.04 in 2010). Revenue data here is especially nice when considering that a portion of total revenue in 2010 was attributable to the $321k gain in Q3 from sale of a portion of PDO interests in a Texas gas venture.

Serious bottom-line growth was obtained by the company through this period, with operating income up sharply to $1.2M, compared to just $54k in 2010, even though there was some $727k in non-cash valuation allowances in 2011 (attributable to two new wells that failed to meet anticipated production results).

President and CEO of PDO, John Alexander, cited the sustained strength of the price environment for crude, combined with the company’s lean cost structure and production from PDO’s core properties, as making the 2011 report the most powerful in years. Projected exploratory operations and analysis of drilling prospects for 2012 on company leases in Kern County, CA, in conjunction with broader evaluation of external growth opportunities, will join with ongoing drilling at the company’s Carneros Creek property on Santa Fe #20 (started Q1 this year and projected to wrap up within days), leading to as many as three wells thus far PDO looks to drill this year (depending on rig availability).

The Q4 data rounds things out, with crude oil prices revenue and operating income in line with the year-long data:

• Total Revenue – up 18% to $1.4M (from $1.2M in Q4 FY10; 32.5% increase avg. BOE price)
• Operating Income – $435k compared to a loss of $91k
• Net Income and EPS – $344k, or $0.07/share, compared to a net loss of $27k, or $0.01/share

Even with ICE-traded oil futures for 2015 Brent off by almost $30, it is very clear that the underlying fundamentals do not support cheaper oil, and as we clear the middle of the week, France, the US, and the UK are even in talks about a possible release of strategic oil stocks. With Iran slated to drop serious capacity by the end of the month (as much as 14%), the EU embargo on Iranian oil only three months away, and US/EU sanctions being prepped with the aim of shutting down Iran’s nuclear program, the immediate vectors are clear. Even as crude throughput rises, serious shortfalls in global refining capacity continually crop up on the radar.

For more information on the financials, or to learn more about Pyramid Oil Company, please visit the company’s website at: www.PyramidOil.com

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ChromaDex Corp. (CDXC) Launches Aggressive Marketing Campaign for BluScience

Thursday, March 29th, 2012

A new multi-million national media campaign has been launched by Irvine, California’s ChromaDex for the recently commercialized BluScience™ line of dietary supplements. To help facilitate the media blitz – which will include television, radio, and digital outlets – ChromaDex has retained RJ Palmer, a NYC-based full service media agency with billings in excess of $800 million. RJ Palmer, a subsidiary of holding company MDC Partners, provides strategic insights, TV, Print, OOH (Out of Home), radio, online media planning and buying, and corporate barter and branded entertainment.

The radio campaign began in early March, and the television campaign began this week, said ChromaDex in a statement this morning.

The recently launched BluScience™ line currently consists of HeartBlu – Healthy Heart Support; EternalBlu – Anti-aging Support; TrimBlu – Weight Management Support; and Blu2Go – Focus & Energy Melt. The novel ingredient in BluScience™ is ChromaDex’s proprietary, patent-pending pterostilbene, branded as pTeroPure®, which was named the 2010 North American Most Promising Ingredient of the Year by the independent research company, Frost & Sullivan. Pterostilbene is a stilbenoid that is naturally found in blueberries and thought to exhibit anti-cancer, anti-hypercholesterolemia, anti-hypertriglyceridemia properties, as well as fight off and reverse cognitive decline. One capsule of BluScience™ has the equivalent amount of pterostilbene as contained in more than 500 cartons of blueberries.

These products are now available at GNC stores, Walgreens, online at drugstore.com, and at thousands of other drugstores and pharmacies through a distribution agreement with healthcare services industry stalwart McKesson Corporation (NYSE:MCK). ChromaDex anticipates having its products spread across more than 25,000 retail store by the end of 2012 in addition to major online retailers.

To help fund its new marketing initiatives, on February 10, 2012, ChromaDex closed a common stock sale in which it raised $11.175 million by selling shares at 75 cents each. Shares of CDXC put on a run to kick-off 2012 with the new product launch and rose as high as $1.22 each, but have cooled-off since. Shares are back down near a support level, closing trading yesterday at 63 cents.

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Empire Post Media, Inc. (EMPM) Producing 3D E-Book Based on “A Fairway to Heaven”

Thursday, March 29th, 2012

Golf is a hot topic again with Tiger finally getting off the schneid with his five-stroke victory at Bay Hill ending a 30-month drought. Yes, Tiger certainly has a way of invigorating the sport. But any die-hard golfer (or even just a fan) loves a lot more about the game than just the Hollywood flavor Tiger Woods brings to it.

In some news early this morning that golf enthusiasts should find interesting, Empire Post Media said that they have acquired E-book rights to “A Fairway to Heaven,” the English TV/DVD series which illustrates the architecturally ideal golf course made up from 18 golf holes from around the world. The E-book will feature text, interviews, stills, video, and interactive segments in 3D.

The original two hour television show featured the world’s greatest golf course architects, writers, personalities, and golf legends like Gary Player, Tom Weiskopf, John Daly, and Ben Crenshaw. Renown holes such as the U.S.’s Pebble Beach’s 8th, Augusta’s 13th, and Scotland’s St Andrews’ 17th were selected for the dream course along with lesser known gems such as South Africa’s Durban CC 3rd, England’s Woodhall Spa’s 12th, and Japan’s Hirono’s 15th.

World famous golf architect Tom Doak, also a finalist for designing and building the new 2016 Olympic golf course in Rio de Janeiro, Brazil, Co-Produced the show with Empire Post Media CEO Peter Dunn.

“As a golfer myself, I know that playing famous golf holes where the golf legends have walked is a tremendous thrill,” Dunn stated. “We hope to offer golfers all over the world who have no chance of getting on these exclusive courses a lifelike 3D interactive e-book experience that replicates the thrill of playing these holes at a modest cost. With e-books retailing for around $10 and over 50 million golfers worldwide, even a limited success could produce an excellent result for Empire.”

Avid golfers will be on the lookout for the new e-book which is slated for release at the end of this summer. This e-book could be a hole-in-one for the company.

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Network Equipment Technologies, Inc. (NWK) and BT Partner to Offer Simplified Unified Communications Solutions for Microsoft ® Lync 2010 Deployments

Thursday, March 29th, 2012

Network Equipment Technologies announced it would be entering into a strategic partnership with BT. This initiative will serve to considerably simplify the deployment and installation of Microsoft Lync 2010, significantly reducing the time and effort required for service providers and large enterprises to implement advanced unified communications (UC) solutions. With the use of NET’s Unified Exchange (UX) Series platform, BT will be capable of providing superior managed and professional solutions that enhance the performance of on-premise enterprise application systems.

“Businesses are seeking ways to reduce costs, increase productivity, and improve customer service. Being able to communicate and collaborate with anyone at any time, whether you are using phone, e-mail, application sharing, messaging or conferencing is key to achieving these goals,” said Matthew Krueger, Vice President Business Development at NET. “The combined BT and NET solution offers customers an innovative option to the challenge of deploying UC and cloud-based managed services.”

NET’s UX Series cutting edge mediation platform is based on a modular 1U platform that was constructed for unified communications and enterprise session border controller applications. The UX Series session mediation platform makes the purchase of separate infrastructure components unnecessary, reducing both capital and operational expenses. The UX Series is qualified as an enterprise Survivable Branch Appliance for Microsoft® Lync™ 2010.

BT’s Managed Lync solution delivers the convenience of originally separate technologies onto one platform without the need for an entirely new infrastructure. The partnership between NET and BT will strengthen BT’s current global Managed Lync services. By merging voice and data communications onto a single platform, BT can offer customers higher efficiencies for their staff while also reducing the cost of call and data transmission and management.

“This initiative was designed to address the unique customer requirements for a Lync-based ‘cloud’ managed service,” said Randy Schrock, Vice President, Corporate Alliances, BT Global Services. “We’re excited to be able to introduce NET’s UX Series products as part of our Microsoft Lync solution strategy in order to help our customers benefit from improved unified communications productivity at substantially lower costs. This initiative with NET expands both our professional and managed service solutions we offer to U.S. domestic customers and complements our global strategic approach by continuing to drive innovation and business value into our core network services.”

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Nutrastar International, Inc. (NUIN) Posts Full-year 2011 Financial Results, Achieves Record Sales

Wednesday, March 28th, 2012

Nutrastar International, a leading producer and supplier of premium branded consumer products, functional health beverages, and organic and specialty foods, today announced its results for the year ended December 31, 2011.

Revenues increased 41.1 percent to $34.21 million compared to $24.24 million in the year ended December 31, 2010.

Gross profit increased 32.4 percent to $25.96 million, up from $19.6 million in the comparable 2010 year, representing a gross margin of 75.9 percent.

Net income rose 26.3 percent to $17.00 million, or basic and diluted earnings per share of $1.12 and $1.04, respectively, up from $13.44 million reported for full year 2010, representing a net margin of 49.7 percent.

As of December 31, 2011, Nutrastar had cash and cash equivalents totaling $54.56 million, or $3.34 per diluted share; total assets of approximately $76.43 million, or $4.68 per diluted share; working capital of $52.33 million, or $3.20 per diluted share; and stockholders’ equity of $72.02 million. Net cash generated from operating activities was $18.80 million for the year ended December 31, 2011, as compared to $15.35 million in the comparable 2010 period.

The company attributes its record sales to strong Chinese consumer demand, as well as an effective marketing campaign.

“As a result of our marketing and branding efforts, our functional health beverages saw sales grow to $6.85 million for 2011 with $3.38 million in sales recorded in the fourth quarter alone, up 60 percent from third quarter sales of $2.11 million,” Lianyun Han, CEO of Nutrastar, stated in the press release. “While still high, gross margins declined to 75.9 percent from 80.9 percent in 2010 due to the increased contribution of our beverage products which incur a higher cost of production than our core consumer product, Cordyceps.”

Han said the company is diversifying its product offerings with the addition an instant soluble drink powder as well as several organic products.

The company reaffirmed guidance that 2012 revenue will be in the range of $40 million to $44 million, representing an approximate 17 percent to 29 percent top line increase year-over-year.

For more information visit www.nutrastarintl.com

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Brekford Corp. (BFDI) Receives Contract from City in Maryland

Wednesday, March 28th, 2012

Brekford is a provider of state-of-the-art mobile technology and traffic safety solutions to the U.S. military, various federal agencies, and numerous security and public safety agencies all across the United States. The company’s services include automated traffic safety solutions as well as an end-to-end suite of mobile computer and video technology.

The company reported today that it has been selected for a speed enforcement contract in Greenbelt, Maryland, although the specifics of the contract (how many cameras, etc.) have yet to be worked out. Once in place, Brekford’s camera systems will issue warnings for a period of 30 days. After the 30 days are up, each driver surpassing the posted speed limit by 12 miles per hour will be issued a $40 citation.

Brekford has already been awarded several contracts in other cities in Prince George’s County, Maryland. The company was one of several state-approved contractors to bid on the Greenbelt contract, but won the bidding thanks to being the clear technology solutions leader. Corporal Derrick Washington of the Greenbelt police department said, “Brekford had many advantages over comparable systems.”

The awarding of the contract to Brekford for its automated traffic safety enforcement services in the words of its CEO C.B. Brechin “further validates the fact that our units are reestablishing the benchmark for industry standards.”

For additional information about Brekford and its traffic safety solutions, please visit its website at www.brekford.com

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ProGraming Platforms Corp. (PPTF) Leads the Way in Play-For-Pay

Wednesday, March 28th, 2012

Competitive online gaming, where players form competitive online clubs to challenge each other, is the real growth area of computerized gaming. Add to this the fact that the computer games industry is already bigger than either the U.S. music or movie industry, and the significance of the potential market becomes clear.

The Internet has transported competitive gaming to a new world, where anyone can game with anyone else, no matter where on the planet they live. Virtually every game console and gaming application is now being designed with this global perspective in mind. The next step in the gaming revolution is now at hand – the monetization of competition, allowing players to be financially rewarded, easily, quickly, and dependably, for their playing skill, regardless of the particular game being played.

This is where the ProGaming advanced gaming platform comes in. ProGaming’s proprietary technology handles all of the complex accounting involved in play-for-pay processing, regardless of volume, allowing gamers to focus on the game, without worrying about administrative details. Gamers simply pay a nominal fee any time they want to play, with no need for subscription based fees or memberships. As a result, the market is opened up to a huge new group of players. Fans of any skill game, and any game system, can join or host a paying tournament. Hosting can be provided by ProGaming, or on any third-party server.

In addition, the platform levels the playing field by identifying and ranking players according to previous results, placing them in levels according to their skill. The system is also being designed to detect if a gamer attempts to open new accounts to fool the platform’s ranking system. Most importantly, ProGaming has the only online platform able to efficiently handle the rapidly developing volumes of global traffic.

For more information about the company, visit www.progamingcorp.com

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SmallCapVoice: PositiveID Corp. (PSID) Receives Nucleic Acids From the CDC Influenza Division to Develop a Diagnostic Assay to Detect H5N1 Avian Flu

Wednesday, March 28th, 2012

PositiveID, an emerging growth company and developer of advanced technologies for diabetes management as well as sophisticated airborne bio-threat detection systems for America’s homeland defense industry, announced today that it has received material from the U.S. Centers for Disease Control and Prevention’s (CDC) Influenza Division-National Center for Immunization and Respiratory Diseases to develop a diagnostic assay to detect Influenza A H5N1, also known as avian flu. This assay will provide a test result in less than 30 minutes at the point of care, and is expected to be available for the upcoming flu season for diagnostic and surveillance applications.

The United Nations has urged people to be ready against a possible but major resurgence of the avian flu. According to the CDC, of the few avian influenza viruses that have crossed the species barrier to infect humans, the mutant strain of bird flu has caused the largest number of detected cases of severe disease and death in humans. Human cases of avian influenza A (H5N1) have been reported in Asia, Africa, Europe, Indonesia, Vietnam, the Pacific, and the near East. Slightly more than 60 percent of those who became ill have died.

PositiveID’s assay for avian flu, as well as its other currently available assays, will run on the Company’s patented Dragonfly Rapid MDx platform. Dragonfly was created out of the Company’s M-BAND system, which was developed under contract from the Department of Homeland Security. The H5N1 assay will also be compatible with other commercial platforms.

The Company currently has proven assays for E.coli O157:H7; human papilloma virus (HPV); methicillin-resistant Staphylococcus aureus (MRSA); and a multiplex bio-threat assay that simultaneously tests for six bio-threat organisms on the CDC Category A and B list.

The development of an H5N1 assay is the Company’s most recent push into the clinical diagnostics market, where it will offer faster, less expensive testing methods than those that are commonly used.

William J. Caragol, Chairman and CEO of PositiveID, stated, “Our assay for H5N1, as well as our other clinical diagnostic assays, will be faster and less expensive than the industry standard testing protocol. Furthermore, our microfluidic technology is highly adaptable, which enables us to develop new assays for emerging bio-threats and viruses relatively quickly, which we believe will help us as we enter the clinical diagnostic market.”

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Ever-Glory International Group, Inc. (EVK) Reports Fiscal Year 2011 Financial Results and 2012 Guidance

Wednesday, March 28th, 2012

Ever-Glory International Group, a leading apparel supply chain manager and retailer in China, today reported its financial results for its fiscal year ended December 31, 2011, reflecting strong sales and expansion initiatives.

“We’re very pleased with the significant progress we made in 2011, as sales in both our retail and wholesale segments continued to increase,” Edward Yihua Kang, chairman of the board and CEO of Ever-Glory stated in the press release. “We are especially encouraged by achieving the objectives of LA GO GO store expansion. As of December 31, 2011, we had 467 LA GO GO stores in China; we surpassed our goal of opening an additional 80 to 100 new stores in 2011! We had 293 stores at the end of 2010.”

For the fiscal year ended December 31, 2011, net sales increased 60.9 percent to $215.8 million from $134.1 million reported in 2010.

Total gross profit for 2011 increased 70.3 percent to $44.5 million from $26.2 million reported in 2010. Gross margin increased to 20.6 percent in 2011, compared to 19.5 percent in 2010.

Full-year 2011 income from operations increased 82.2 percent to $12.1 million from $6.6 million in 2010.

As of December 31, 2011, the Ever-Glory had approximately $8.8 million of cash and cash equivalents, compared to approximately $3.7 million as of December 31, 2010; working capital of approximately $34.7 million as of December 31, 2011; and outstanding bank loans of approximately $29.2 million as of December 31, 2011.

For the first quarter of 2012, Every-Glory forecast total net sales between $50 million and $60 million and net income between $1.8 million and $2.2 million. For full-year 2012, the company said it anticipates total net sales between $225 million and $260 million and net income between $9.5 million and $12 million.

“For 2012, we see our basic strategies of retail business as unchanged, we will continue to develop LA GO GO through perfecting design styles, improving store management efficiency and opening more stores in desired locations,” Kang stated. “We are confident that, continuing to pursue these measures, we can enhance same-store sales, expand LA GO GO’s market penetration and increase its brand position in China.”

For more information visit www.everglorygroup.com

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VolitionRX Ltd. (VNRX) to Advance Blood-Based Diagnostics for Cancer

Wednesday, March 28th, 2012

VolitonRX, a life sciences company focused on the development of diagnostic blood tests, is developing its Nucleosomics™ technology to measure and identify the signatures of nucleosomes (a protein component of a chromosome containing a short length of DNA) that are released into the blood as cells die. The company believes its pioneering technology will help detect early stage diseases that are characterized by high cell turnover, such as cancer.

When a cell dies, individual nucleosomes are released into the blood to be recycled. It is well-known that high levels of nucleosomes are released into the blood stream as a result of the cell death associated with certain diseases and that the structure of nucleosomes is altered in the chromosomes of cancer cells. VolitonRX’s technology evaluates the amount and types of nucleosomes present in the blood to provide accurate diagnosis.

VolitionRX is currently in the process of developing a number of Nucleosomics™ tests for different types of nucleosomes and has conducted small pilot studies to investigate whether these nucleosomes are present in the blood of cancer patients and whether cancer nucleosomes are different to nucleosomes from healthy cells. Clearly, the chances of surviving cancer are greatly improved by early detection and diagnosis.

VolitionRX’s Chief Scientific Officer, Jake Micallef, advised that preliminary studies of VolitionRX’s Nucleosomics technology have provided positive data, spurring further development and progression to large-scale clinical studies to support its revolutionary diagnostic blood tests.

“Early stage results from our laboratory have exceeded our expectations, and we hope to see equally positive results in larger scale retrospective clinical studies and prospective clinical studies currently in the pipeline,” he said.

VolitionRX is now focused on validating the results provided by these preliminary studies through large scale clinical studies to ensure development of a blood-based diagnostic for cancer is advanced as quickly as possible. More information on the company and its cutting-edge technology can be found at the following website: www.volitionrx.com

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SmallCapVoice: Attitude Drinks (ATTD) Announces Distribution Agreement with Florida Distributing Company

Wednesday, March 28th, 2012

Attitude Drinks, an innovative beverage brand development company and creator of Phase III® Recovery, today announced an agreement between the company and Florida Distributing Company headquartered in Orlando, Florida. This distribution agreement is significant as Phase III® is currently distributed throughout the majority of the state. Florida Distributing Company distributes beverages to over six thousand accounts throughout Central Florida and is a partner with over fifty suppliers.

Jack Shea, Executive Vice President of Sales for Attitude Drinks, commented, “We are happy to have Florida Distributing as a partner in the important Central Florida region. This area is home to active people who are the primary consumers of Phase III® Recovery.”

“We are excited to partner with Attitude Drinks and believe these products have great potential in the Central Florida market,” commented Joe Quinlivan, Director of Marketing for Florida Distributing.

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Seeking Alpha Reaches One Millionth Member Milestone

Tuesday, March 27th, 2012

Seeking Alpha announced that it just passed 1 million registered members and is continuing to grow at a rapid pace – adding over 2,000 new members every day the stock market is open. The well-respected website has become the largest publishing platform for finance professionals and other financial commentators. Latest statistics show that Seeking Alpha publishes about 250 articles per market day, after editorial selection, from about 900 active authors per month.

Recognized as the premier website for actionable stock market opinion and analysis, the website has a strong readership among money managers, research analysts, investment bankers, and serious individual investors. In less than two years, the website doubled its size. At the current growth rate, Seeking Alpha expects to double again in even less time.

QualityStocks has been a key contributor to the site, posting up more than 6,000 articles. Alternative fuels and power sources, entertainment media, telecommunications, delivery services, healthcare, and retail are all covered on a regular basis by our team. You can connect with us on the site by visiting the following link: http://seekingalpha.com/user/200555.

Seeking Alpha has achieved a major milestone and we congratulate them on their praiseworthy accomplishment!

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Beacon Enterprise Solutions Group, Inc. (BEAC) Continues Expansion to the Factory Floor

Tuesday, March 27th, 2012

Beacon Enterprise has long been known as a global leader in the design and implementation of IT infrastructure solutions, servicing a growing string of global clients in the U.S. and Europe. Recently, however, the company has been able to tap the existing relations it has with its various Fortune 100 clients to expand the scope of its products to include the addition of a new Industrial Network Services offering. The move is a major expansion into client enterprise manufacturing operations and represents an opportunity to extend its established infrastructure expertise in field engineering, design, construction, and management onto the factory floor.

The biggest boost in this direction came in February of 2012, when Beacon announced that it had lined up roughly $2 million in new ITS business from existing clients, projects geared toward extending the company’s utility information technology systems services into the manufacturing side. Beacon pointed to the past decade, during which industrial command and control systems have increasingly used data networks to integrated factory floor information into the greater supervisory and business computer systems of enterprises.

Beacon is well into the initial work that is expected to ultimately support 18 global manufacturing sites and generate $2 million in incremental revenue for fiscal 2012. The work involves IT site assessment, design and build efforts, and associated management capabilities, for which Beacon has already developed a reputation.

Beacon’s President and COO, Jerry Bowman, said of the move: “We are excited to formally enter the industrial network arena. We’ve been watching the advances in technology in this space and see positive indicators that our clients are ready to leverage the benefits that our IT clients have enjoyed in their enterprise networks for years. Some of these analog networks were built more than 20 years ago, so the need for our services in this space is significant. By offering this service we are extending our global reach to the manufacturing floor and providing the consistent, predictable services to our clients who utilize industrial automation. In line with our business strategy, this strategy significantly reduces the number of vendors our clients need to maintain their existing and planned ITS infrastructure.”

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

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Source Gold Corp. (SRGL) in Final Stages to Acquire New Mineral Property with “Geological Promise”

Tuesday, March 27th, 2012

Source Gold, an exploration stage mining company, today announced its plans to this week complete the acquisition of a new mineral property in northern British Columbia, at the Yukon Territories border.

The property was explored in the 1980s by crews looking for zinc, lead, and silver deposits. Though the crews didn’t complete the work, Source Gold acquired reports that the company says merit further studies of the claims. And while gold was not the target of the earlier exploration, Source Gold reports that there have been several gold strikes in the vicinity, partially due to the Carlin type geology of the area. This is worth noting since the Carlin Trend in northern Nevada has produced more gold than any other mining district in the United States.

“We’re primarily interested in the property because it fits in with our philosophy of acquiring mineral rights to properties in areas of geological promise and those that have been past producers. This one definitely shows geological promise – there are several discoveries in the area, and as a consequence the area is being staked quite heavily,” Lauren Notar, CEO of Source Gold stated in the press release.

Source Gold said it will release more details regarding the location and the terms of the acquisition once the transaction is completed.

For more information visit www.sourcegoldcorp.com

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STWA, Inc. (ZERO) Awards Temple University Research Funding for Continued Pipeline Technology Development

Tuesday, March 27th, 2012

STWA, a developer of energy efficiency technologies in the multi-billion dollar oil pipeline and diesel engine markets, announced today that Temple University would be awarded $500,000 to fund research pursing further advancements to STWA’s exclusively licensed oil pipeline technology. World-renowned physicist, Dr. Rongjia Tao will lead the research team throughout the collaborative R&D process between STWA and Temple University.

“We have a very productive collaborative arrangement with Dr. Tao and Temple University. The current development and licensing agreement has led to completion of some of our critical milestones in successfully testing AOT(TM) with the United States Department of Energy. We believe we will achieve additional significant technology milestones during the perpetuity of our agreement,” noted STWA Chairman and CEO, Mr. Cecil Bond Kyte. “As we outline our future R&D goals, we see Dr. Tao and Temple University continuing to work together with us in co-development. STWA and Temple shall jointly own intellectual property created jointly by the parties. This is a great example of how private industry and the scientific talent at a university can come together to advance America’s industrial competitiveness and energy security.”

Stephen G. Nappi, Director of Technology Development and Commercialization at Temple University added, “Funding to conduct research related to AOT(TM) will help keep Temple University and STWA at the forefront of innovation in the oil pipeline market. Coupling this research program with STWA’s exclusive license agreement provides an opportunity to bolster our intellectual property portfolio for the benefit of both parties.”

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Vermillion, Inc. (VRML) Posts Q4, FY Financial Results and Operational Achievements

Tuesday, March 27th, 2012

Vermillion, a leading molecular diagnostics company, today reported its financial and operational results for the fourth quarter and full-year ended December 31, 2011, reflecting significant revenue increases for both periods.

Total revenues in the fourth quarter of 2011 increased 152 percent to $868,000 from $345,000 reported for the fourth quarter of 2010. Fourth-quarter revenues included $755,000 from product sales of OVA1 and $113,000 of license revenue related to certain milestones associated with the company’s amended strategic alliance agreement with Quest Diagnostics.

The company reported fourth quarter 2011 total operating expenses of $3.9 million, a decrease from $4.5 million reported in the same period a year ago.

Net loss for the fourth quarter was $3.1 million, or $(0.21) per share, as compared to $4.0 million, or $(0.38) per share, in the same year-ago quarter.

Total revenues for the full year 2011 increased 64 percent to $1.9 million from $1.2 million in 2010. Full-year revenues in 2011 included $1.5 million from product sales of OVA1 and $454,000 of license revenue.

Total operating expenses increased in 2011 to $19.4 million from $15.7 million in 2010.

Vermillion’s net loss for 2011 was $17.8 million, or $(1.25) per share, as compared to $19.0 million, or $(1.83) per share, reported in 2010.

As of December 31, 2011, the company’s cash and cash equivalents totaled $22.5 million.

Operational achievements include a 147-percent increase in test volume of the company’s flagship diagnostic OVA1® for all of 2011. Test volume increased 40 percent year-over-year for the fourth quarter of 2011.

In December, Vermillion purchased substantially all of the assets associated with the ovarian cancer diagnostics business of Correlogic Systems, which included more than 1,800 prospectively collected diagnostic samples from ovarian tumor studies, three biomarker-related pending U.S. patents, proprietary software, and other intellectual property. The company is using these assets to advance its ovarian cancer franchise, including the development of OVA2™, its next-generation ovarian cancer test.

The company also strengthened its patent portfolio, receiving nine notices of allowance, including patents for breast cancer biomarkers, ovarian cancer, lung cancer, Alzheimer’s disease, and five biomarker patents related to peripheral artery disease (PAD).

In October, Vermillion released positive top-line data from a clinical study of the company’s PAD development program.

For more information visit www.vermillion.com

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