May 2008 - Page 65 of 67

ThursdayMay 01, 2008 11:40 am

Red Lake Exploration, Inc. (RLKX.OB) Raises Capital with One Million Dollar Private Placement

Red Lake Exploration, Inc. (OTCBB: RLKX) acquires, explores and develops natural resource properties. Today, Red Lake Exploration, Inc. announced that is has raised one million dollars through a private placement. According to the company, it will use most of the money to acquire the Farellon property it is currently exploring, and use the rest of the money to investigate other properties including the Camilla and Santa Rosa projects located in coastal Chile. Red Lake Exploration, Inc. is currently managing three main projects. The Farellon project is located in the Canadalaria iron oxide copper belt. Other companies are also exploring this…

ThursdayMay 01, 2008 11:09 am

Network Engines, Inc (NENG) Announces 88% Increase in Q2 Revenues

Network Engines, Inc, provider of server appliance products and services for storage, security and communications software vendors, today reported its financial results for the second quarter ended March 31, 2008. The company posted a positive second-quarter performance and projected increases for the third quarter of 2008. Net revenues rose 88 percent to $55.2 million, up from $29.3 million in the second quarter last year, following previous guidance of $54 million to $58 million. The company attributes the increase to its acquisition of Alliance Systems Inc. in October 2007. Gross profit fell short of the 17-18 percent expected, posting at 16.1…

ThursdayMay 01, 2008 10:17 am

Novavax Inc. (NVAX) Launches $5 Million Production Facility to Drive Vaccine Production

Novavax Inc. (Nasdaq: NVAX) today joined the State of Maryland and Montgomery County in celebration of the opening of the company’s new $5 million vaccine production facility at the company's headquarters in Rockville, Md. The 5,000 square-foot plant will be used to produce vaccines using the company’s virus-like particle (VLP) technology, which will combat a broad range of infectious diseases. The facility has the capacity to supply 10 million doses of the influenza vaccine for the company's current clinical programs. According to the press release, the facility marks a “major milestone” for the company’s development team. “This facility is seen…

ThursdayMay 01, 2008 10:14 am

Buffalo Wild Wings Inc. (BWLD) – Messy Faces, Full Pockets

Despite the recent reduction in spending seen throughout the United States, there are some companies who are thriving. One such company is Buffalo Wild Wings Inc. (BWLD) whose stock soared almost 20% after a report was released stating higher than expected earnings. While most of the chicken wing industry sees a boon around the time of the Super Bowl, prices were a great deal lower than expected during the first part of this year. There is actually logic behind the reasons for chicken prices being so low. While feeds such as corn are seeing dramatic rises, farmers are turning to…

ThursdayMay 01, 2008 9:57 am

OTCPicks Featured Company: 141 Capital, Inc. (XXIS.PK) Files Disclosure Statement

With the intent to provide a vast market transparency and meet their disclosure obligations, 141 Capital, Inc. (OTC: XXIS) has filed a Disclosure Statement with Pink Sheets including audited financial numbers for the years ending December 31, 2006 and December 31, 2007. Also, contained in the statement are the company's share structure (authorized shares, outstanding shares, etc.) and other significant information as of February 29, 2008. The management team will proceed with filing the required quarterly reports, since initial filing is complete, and expects to be in a position to announce further accomplishments for the benefit of their investors. On…

ThursdayMay 01, 2008 9:40 am

OTCPicks.com Featured Company – Copper King Mining Corp. (CPRK.PK)

Copper King Mining (CPRK.PK) is a Utah based mining company that merged with Western Utah Copper Company in 2007. The company is involved in the exploration, development, extraction and processing of mineral reserves in and around the Milford Mineral Belt which is located in Beaver County, Utah. Copper King Mining owns approximately 1200 acres in the Drum Mountains of Utah along with about 1100 additional acres which was owned by the Western Utah Copper Company. All of this acreage is patent deeded mining claims which contain gold, silver, copper, and other metals. The company recently added to its holdings by…

ThursdayMay 01, 2008 9:24 am

Stock Guru Featured Client: Etelcharge.com, Inc. (ETLC.OB)

Etelcharge.com (ETLC.OB) is primarily a provider of credit card processing services for merchants located in the U.S. Etelcharge offers the first web 2.0 online payment system that provides online purchasing power over the internet with billing to customers’ phone bills. The company’s 3.0 social networking and payment gateway website will be launched in mid-May 2008. The Etelcharge.com’s product is provided to merchants with online products for sale. Merchants are able to accept purchases by customers who do not possess a credit card or a banking relationship. The technology is able to connect to any carrier or online merchant payment system.…

ThursdayMay 01, 2008 9:19 am

Beacon Equity Research Featured Client: Nilam Resources, Inc. (NILR.OB)

Nilam Resources, Inc. (NILR.OB) acquires, explores, and develops gold mineral properties primarily in Peru through its wholly owned subsidiary, Nilam Resources Peru SAC. The company has three mineral properties in Peru: The Pativilca property, The Llipa property, and the El Varon property. All three properties are located near major mineral trends and mines. Nilam’s Pativilca property is a 2,100-hectare property that contains a fully operating gold processing plant. Annual revenues are expected to exceed $10 million from Pativilca gold production. The company has plans to expand the Pativilca plant production to 500 tons of ore per day, which would result…

ThursdayMay 01, 2008 9:13 am

HotOtc Featured Company: Western Standard Energy Inc. (WSEG.OB) Readies to Take Its Share of 3-4 Billion Barrels of Oil under Montana and North Dakota

In the oil sector, the old baseball adage “hit’em where they ain’t” applies to exploration. If others are looking offshore, look onshore. If they’re looking in Texas and Oklahoma, look in Montana and North Dakota. Smaller oil and gas companies are quickly finding places to drill for oil and gas that many others have looked over. If they can bring home a few wells, they will be bringing home some cash for investors. Western Standard Energy Inc., a development stage oil and gas exploration company, is currently working with three properties located in Montana and North Dakota. Initial geological testing…

ThursdayMay 01, 2008 8:54 am

Tactical Solution Partners, Inc. (TTSR.OB) Shareholders Approves Corporate Name Change

The shareholders of Tactical Solution Partners, Inc., an innovative homeland security technology and services firm, have approved a proposal to change the name of the Company to Brekford International Corporation. The name was first unanimously approved by The Board of Directors in February and then approved by the shareholders on April 25, 2008 at the company’s special stockholders meeting. The new name is a part of the growth strategy outlined by the Company’s Board of Directors as well as recognizes the Company’s founders C.B. Brechin and Scott Rutherford. The new name is designed to be a more recognizable brand name…

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Month: May 2008