September 2008 - Page 59 of 61

TuesdaySep 02, 2008 9:08 am

The American Economy: Ready to Recover?

Last Thursday brought smiles to the faces of many, as the American Bureau of Economic Analysis announced an unexpected 3.3 percent increase in the GDP (gross domestic product). While GDP analysis has its limitations when it comes to ascertaining the true overall health of a national economy, bolstered figures are leading to the notion that America may finally be stirring from her economic slumber. Many experts believe that the improved situation has come as a result of this year's economic stimulus packages, although this would not explain why numbers in the failing housing market are beginning to take a turn…

TuesdaySep 02, 2008 8:23 am

Bonanza Oil & Gas Inc. (BGOI.OB) Continues Oil and Gas Drilling Program at Damond Mound Property

The lure of a big payday is usually what gets a new company off the ground. The reality of getting a new company off the ground, however, is that long hours and false starts will be needed to make that payday happen. How long it will take and how much profit will result is the question. Bonanza Oil & Gas Inc., an oil and gas exploration and development company, works to discover and exploit oil and gas deposits primarily in Texas. The company currently holds 22.5% ownership in eight pre-discovery wells. The company is a small operation looking for its…

TuesdaySep 02, 2008 7:35 am

Raser Technologies, Inc. (RZ) Closed Funding on Utah Geothermal Project

Following completion of its initial funding phase, Raser Technologies is set to proceed with the construction of its 10 megawatt (MW) Thermo geothermal power project near Beaver, Utah. Tax equity capital has been provided in exchange for tax benefits provided by the renewable energy project. The plant is designed to power approximately 9,000 homes with zero emissions and will utilize PureCycle® geothermal power systems from UTC Power, a subsidiary of United Technologies Corp. As the hands-on general construction contractor, Raser has guaranteed the completion of the project by October. The life of the plant will be approximately 35 years. However,…

TuesdaySep 02, 2008 7:28 am

Caspian Services Inc. (CSSV.OB) Finding Caspian Sea Shallow Draft Services Vessels Booked, Desalinization Activities in Fast Growing Oil and Gas Region Add to Bottom Line

As most have likely noticed, when it comes to oil and gas the wild west of the US 1880’s has come to central Europe/Asia. Find it, drill it and get it to market is the cry of the day. It doesn’t matter what gets in the way, just get the product to market for sale. Just as in US oil history, there have been stumbling blocks for central European oil companies to overcome, but if a company can offer a service to solve the stumbling block, profit will be waiting on the other side. Caspian Services Inc., an oil and…

TuesdaySep 02, 2008 6:25 am

XsunX Inc. (XSNX.OB) Garners First 100kW Project

XsunX Inc. (XSNX.OB) is a solar technology company engaged in the build-out of its multi-megawatt amorphous thin film photovoltaic (TFPV) solar manufacturing facilities in Oregon. The company has focused its efforts on the development of thin film amorphous technologies and products due to inherent advantages of amorphous silicon over other solar absorbers. In June 2008, XsunX announced efforts to develop business relationships directly with utilities working to meet governmental renewable energy mandates. In July 2008, the company responded to requests for proposals from utilities and government agencies in the western US. Currently XsunX has provided proposals to utilities and government…

TuesdaySep 02, 2008 6:22 am

RedChip Featured Company: RXi Pharmaceuticals Corp. (RXII)

RXi Pharmaceuticals (RXII) is a biopharmaceutical company working towards the development and commercialization of proprietary therapies based upon RNA interference (RNAi). RNAi is considered to be a significant advancement in the field. In 2002, the journal Science selected RNAi as the “Breakthrough of the Year”. The discovery team, which included Dr. Craig Mello, one of the founders of RXi, was awarded the 2006 Nobel Prize in Medicine. It is believed that RNAi, which is a naturally occurring mechanism for the regulation of gene expression, can be used to selectively inhibit the activity of any human gene. RXi hopes to harness…

TuesdaySep 02, 2008 6:18 am

RedChip Featured Company: Rock Energy Resources, Inc. (RCKE.OB)

Rock Energy Resources (RCKE) is an independent gas and oil company based out of Houston, Texas. In the early 1980’s, many independent companies abandoned prospective wells in the United States and turned to international and offshore opportunities. Rock Energy is taking another look at these untapped resources and is focused on acquiring the domestic offset and existing wells that show potential. Rock Energy has an established set of criteria when evaluating prospective wellsites. The team utilizes the most advanced 2D and 3D imaging, micromagnetics and other interpretive tools to help uncover opportunities. Typically, properties must pass a minimum ten-times-return payoff…

TuesdaySep 02, 2008 6:14 am

RedChip Featured Company: Quantum Fuel Systems Technologies Worldwide, Inc. (QTWW)

Quantum Fuel Systems Technologies Worldwide, Inc. (QTWW) is a diverse alternative energy company engaged in the development and production of propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum provides solutions, from conception to production, to original equipment manufacturers (OEMs), commercial organizations, and governments. The company’s mission is to create breakthrough technologies that redefine the future of energy. Quantum is a Tier 1 supplier of “green” vehicle technologies to automotive OEMs. The company’s technologies are being fully integrated into the transportation industry. Quantum’s core hybrid electric, hydrogen, and alternative fuel technologies allow for energy efficient use in hybrid and…

TuesdaySep 02, 2008 6:07 am

SpongeTech Delivery Systems Inc. (SPNG.OB) Reports Fiscal Year End Results

SpongeTech Delivery Systems Inc. (SPNG.OB) is a company which designs, produces, and markets innovative, cost-effective, and environmentally sensitive sponge-based cleaning products. These sponge-based products utilize SpongeTech's proprietary, patented technologies involving liquid absorbing foam and polyurethane matrices. The company's sponges are specially configured with an outer contact layer and an inner matrix. The sponge's inner matrix comes pre-loaded with specially formulated soaps that are released when the sponge is wetted and applied to a surface with minimal pressure. SpongeTech's current product line includes products for car care and pet care. The company is exploring additional applications for its technology including an…

TuesdaySep 02, 2008 5:44 am

The Morning Edge – September, 2 2008

The major theme of today’s trading will be the response of the energy sector in the aftermath of Hurricane Gustav. Index futures point to strong openings as crude oil and natural gas continue to sell off after posting losses during special trading sessions over the weekend and Labor Day holiday. The storm, which barreled through the heart of Gulf Coast oil production and refining, failed to intensify as strongly as forecasters feared. Crude traded below $107 overnight, hitting 5-month lows. The dollar hit 6-month highs against the euro overnight, trading briefly over 0.69 Euros to the dollar. Commodities across the…

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Month: September 2008