September 2008 - Page 22 of 61

FridaySep 19, 2008 6:34 am

Pinnacle Energy Corp. (PENC.OB) – Junior Oil & Gas Company Poised for Growth

Pinnacle Energy Corp. (PEMC.OB) is a junior oil and gas exploration company focused on acquiring and developing mature oil and gas producing assets. Formerly named Gas Salvage, the company has recently completed a name change and a three-for-one forward stock split. Recently, Pinnacle Energy announced that they had acquired working interests in six wells located in Pawnee County, Oklahoma, for $1 million. Pinnacle Energy has a working interest of 25.5% in two wells, 20% in three wells, and a 17% working interest in the remaining well. Five of the six wells produce high-gravity light sweet crude oil, and the sixth…

FridaySep 19, 2008 6:31 am

Dutton Associates Featured Company: GoldSpring, Inc. (GSPG.OB)

GoldSpring, Inc. (OTCBB: GSPG) is a North American precious metals mining company that holds contiguous property in the Comstock Lode District and a fully permitted gold and silver mine. Since 2005, the company has been acquiring additional properties around their Comstock Lode project in northern Nevada, expanding their presence and creating opportunities for further exploration. As a company that is relatively new in the mining industry, GoldSpring has aggressively pursued potential opportunities, secured the proper permits, built an infrastructure, and brought the Comstock Lode project into production. The company believes in optimizing production, continuing to grow their reserve base through…

FridaySep 19, 2008 6:28 am

Dutton Associates Featured Company: Global Alumina Corp. (TSX: GLA.U)

Global Alumina Corporation (TSX: GLA.U) is a low-cost supplier of alumina with a management team dedicated to being socially responsible and creating long-term shareholder value as they build and operate their world-class alumina refinery in the Republic of Guinea, West Africa. Founded in 1999, the company has positioned itself to become one of the largest companies focusing solely on alumina production. They offer an opportunity for socially conscious investing in a country that holds one-third of global bauxite resources, yet is one of the world's poorest countries. The company has commenced a consultation process at the village, state and national…

FridaySep 19, 2008 6:05 am

Health Grades Inc. (HGRD) Inspires Enterprises to Make the Grade

Health Grades, Inc. is a NASDAQ-traded independent healthcare ratings company. Headquartered in Golden, Colorado, they provide ratings of hospitals, nursing homes, and home health agencies. These ratings are for consumers, corporations, health plans, and hospitals. Along with these ratings, Health Grades provides decision-support services that help individuals and enterprises make healthcare decisions based on the quality and cost of care. Health Grades can provide information on physicians, including name, address, phone number, and number of years in practice. They can also provide information on whether physicians are board certified, and if they are under any state and federal sanctions. Health…

FridaySep 19, 2008 5:59 am

Taylor Devices Inc. (TAYD) Devises Diverse Devices

Trading on the NASDAQ Capital Market, Taylor Devices Inc. designs, develops, manufactures, and markets shock absorption, rate control, and energy storage devices. As part of the Diversified Machinery industry, they are a leading manufacturer of shock absorbers, liquid springs, shock isolation systems, seismic isolators, vibration dampers, and power-plant snubbers, among other products. Incorporated in 1955, the company's products offer turnkey solutions to shock and vibration problems. Taylor makes their products for use in various types of vehicles, machinery, equipment, and structures. They serve the industrial, steel mills, buildings, bridges, aerospace, defense, and automotive markets. Headquartered in North Tonawanda, New York,…

FridaySep 19, 2008 4:33 am

NetSol Technologies Inc. (NTWK) Posts Positive Q4 and FY2008 Financials; Plans to Diversify Customer Base for Global Expansion

NetSol Technologies Inc. (Nasdaq: NTWK), a worldwide provider of global business services and enterprise application solutions, yesterday announced its fourth quarter and full year 2008 financial results for the fiscal year ended June 30, 2008, posting new quarterly and annual records. Netsol reported fourth-quarter revenues rose 23 percent to $10.5 million, up from the $8.6 million reported for the fourth quarter of 2007. GAAP net income rose $2.1 million, or 8 cents per fully diluted share, as compared to $1.3 million, or 7 cents per fully diluted share, for the same period last year. "The strength of our core NetSol…

FridaySep 19, 2008 4:32 am

SurModics, Inc. (SRDX) Responds to Merck’s Termination of License and Research Collaboration

SurModics, Inc. (NASD: SRDX), a leading provider of surface modification and drug delivery technologies to the healthcare industry, recently announced that Merck & Co., Inc. has notified the company that it will discontinue the License and Research Collaboration Agreement the companies signed in June 2007. Shares of SurModics declined sharply earlier this week after the announcement. Merck's decision triggers an additional $9 million payment to SurModics from Merck. SurModics partners with the world's foremost medical device, pharmaceutical and life science companies to develop and commercialize innovative products that result in improved patient outcomes. Clinical data on I-vation TA generated to…

FridaySep 19, 2008 4:30 am

Neose Technologies, Inc. (NTEC) Announces Sale of Assets to Novo Nordisk and BioGeneriX AG for $43 Million

Neose Technologies, Inc. (Nasdaq GM: NTEC), a clinical-stage biopharmaceutical company focused on the development of next-generation therapeutic proteins that are competitive with best-in-class protein drugs currently on the market, recently announced that the company has signed definitive asset purchase agreements with Novo Nordisk A/S (NVO) and BioGeneriX AG, providing for the sale of substantially all of the assets of Neose in all-cash transactions for a purchase price of approximately $43 million. Pending stockholder approval, the preliminary estimate of aggregate distribution amounts represents $0.27 to $0.45 per share of common stock. Pursuant to the terms of the common stock purchase warrants…

FridaySep 19, 2008 4:25 am

Uranium 308 Corp. (URCO.OB) Gains Knowledge, Hires Mining Expert as Consultant

Uranium 308 Corp. (OTCBB: URCO) announced that Yuting Guan, who has extended experience in China's mineral resources industry, has joined its team as a consultant. The initial goal in the hire is to use Guan's contacts to secure a joint-venture partner to co-develop its Janchivlan uranium exploration property in Mongolia. "We believe Mr. Guan's unique combination of expertise in business and contacts in Chinese private and public sector organizations will be an invaluable resource for Uranium 308 Corp.," said Uranium 308 President Dennis Tan. "We expect that he will ... be of critical assistance in the marketing of any potential…

FridaySep 19, 2008 4:24 am

Revenues for China Pharma Holdings, Inc. (CPHI.OB) Almost Double in 3rd Quarter

Third quarter revenues for China Pharma Holdings, Inc. (OTCBB: CPHI) are projected to be between 40 and 45 percent, the company announced Thursday. The Chinese company markets and manufactures generic and brand bio-pharmaceutical products. CHPI bases its adjusted forecast on recent healthy sales figures. Helpson Bio-pharmaceutical Co. Ltd. is a wholly-owned subsidiary of CPHI. “We are very pleased that the sales this quarter have exceeded our prediction,” said Ms. Zhilin Li, China Pharma president and CEO. “This reflects the expansion of our sales force and our continued efforts to increase penetration of our distribution network. “We believe (our) revenue and…

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Month: September 2008