October 2008 - Page 4 of 50

ThursdayOct 30, 2008 4:41 am

Furmanite Corp. (FRM): Pipeline to Profits?

Furmanite (FRM) is an industrial services company offering online repairs of leaks in valves, pipes, and other components of piping systems and related equipment used in flow-process industries; and on-site machining, bolting and valve testing, valve repair, product distribution, heat treating, and repair on such systems and equipment. Furmanite also provides hot tapping, fugitive emissions monitoring, passive fire protection, concrete repair, heat exchanger design and repair, and manufacturing, as well as diagnostic services on valves and motors. The company's financial prospects appear rosy as its second quarter earnings more than doubled. For the quarter, Furmanite earned $7.7 million, or 21…

ThursdayOct 30, 2008 4:33 am

PhotoChannel Networks Inc. (PNWIF.OB) Provides Investors with Company Update

PhotoChannel Networks, Inc. has a simple idea – to provide technology and utilize telecommunications infrastructure to bridge consumer ordered content with retailers that have on demand manufacturing capabilities for the production of merchandise in real time. Technology brings them all together to create an incredible gateway for on-demand consumer transactions. A "One-Stop-Shop" approach to the planning, developing, executing and measuring their online transactions. Customers include marketing services, prepaid card programs and creative and design services. PhotoChannel posted some highlights of the 4th qtr numbers, which will be fully filed on December 15, 2008. Total orders handled during the quarter increased…

ThursdayOct 30, 2008 4:30 am

Biovest International, Inc. (BVTI.OB) Signs Distribution Agreement for Anti-Cancer Vaccine in Europe

Biovest International, Inc. develops, manufactures and markets patented cell culture systems, including the innovative AutovaxID™, which is being marketed as an automated vaccine manufacturing instrument and for production of cell-based materials and therapeutics. Biovest recently completed a pivotal Phase 3 clinical trial for BiovaxID®, which is a patient-specific anti-cancer vaccine focusing on the treatment of follicular non-Hodgkin's lymphoma. BiovaxID has been granted Fast Track status by the FDA and Orphan Drug status by the EMEA. Yesterday the company announced that it has executed a distribution agreement with IDIS Limited to exclusively supply BiovaxID®. IDIS is the world leader in the…

ThursdayOct 30, 2008 4:29 am

MyECheck, Inc. (MYEC.OB) Provides Valuable Services for E-Commerce

In today's world, credit cards are the most popular means to pay for online goods and services, but it is estimated that alternative payment methods will account for nearly 26% of e-commerce volume by 2009. In the Federal Reserve's 2007 report on noncash payments, they found that electronic payments now exceed two-thirds of all noncash payments. A change has commenced within the world of online payments, as the dominance of credit cards is beginning to loosen while new payment options emerge. Credit cards accounted for over 90% of online payments volume just as recently as the year 2000, but will…

WednesdayOct 29, 2008 1:15 pm

Alpharma Inc. (ALO) Posts Solid 3rd Quarter Results

Alpharma Inc. published its third quarter results today and those results show the company has advanced towards meeting its goal announced earlier this year of producing positive earnings for the last half of 2008. Alpharma makes and sells specialty pharmaceuticals worldwide for humans and animals. Increases in livestock sales and the resulting need for additional products boosting animal health in the United States helped push Alpharma into the black. Both revenue and operating income increased, leading to higher earnings per share. Alpharma recorded revenue of $175.7 million, a 32% increase in revenue from the third quarter of 2007. Operating income…

WednesdayOct 29, 2008 12:36 pm

SmartHeat, Inc. (SMHT.OB) Signs $5 Million in New Contracts

SmartHeat, Inc. is an American company located in China, engaged in the manufacture of advanced plate heat exchange units for China's heat energy saving industry. Heat plate exchangers are used to transfer heat from one medium to another, and SmartHeat utilizes them to capture and recycle heat energy waste from industry, thus reducing both fuel cost and pollution. Today, SmartHeat announced that it has been awarded a series of supply contracts totaling $5 million from Fortune 500 heating systems corporation, Dalkia. As a result of past collaborations, SmartHeat components are pre-certified by Dalkia, and the company recognizes SmartHeat as a…

WednesdayOct 29, 2008 12:34 pm

Dow Fluctuates Amid Prolonged Uncertainty

Trading was mixed on Wednesday, as investors weighed the many new developments affecting our nation's fiscal health. Early-morning trading got off to a shaky start, although by midday, indexes were mostly up. Shortly before the end of the day, a surge to nearly 9400 points was experienced, but just prior to the closing bell, the Dow fell again to just under 9000. This comes just one day following a surge of nearly 900 points. Let us hear your thoughts below:

WednesdayOct 29, 2008 12:33 pm

Still Helping Others in the Face of Adversity

You have got to love this country. Even as turmoil and uncertainty reign over our own markets, we continue to aid those countries less capable of weathering the current global financial storm. Alongside the announcement of a key interest rate cut, The Federal Reserve said Wednesday that it would provide lines of credit of up to $30 billion each to the central banks of Brazil, Mexico, South Korea and Singapore, in an effort to "...improve liquidity conditions in the global financial markets." The move proves that even under the worst circumstances, America is capable of rising to the occasion; doing…

WednesdayOct 29, 2008 12:32 pm

More Interest Cuts – Fed Slashes Key Rate

Wednesday brought another rate-cut by the Federal Reserve, as the central bank continued efforts to breathe life into a highly unstable economy. For the second time this month, the federal funds rate (interest charged by banks on overnight loans) was reduced by a half a percentage-point, leaving it at one percent; its lowest level since 2004. Anticipation of this move played a significant role in leading the Dow Jones to its second-biggest point spike (889 points) in history, on Tuesday. Despite the cuts, experts expect financial markets to continue to exhibit the same sort of volatility in the foreseeable future.…

WednesdayOct 29, 2008 12:25 pm

MyECheck, Inc. (MYEC.OB) Scheduled to Present at Paulson Investment’s 31st Annual Westergaard Conference

Today, MyECheck, Inc. announced that it will be a presentator at the upcoming Paulson Investment's 31st Annual Westergaard Conference, which will be held in New York City. The conference was founded by small cap analyst John Westergaard to provide a venue for select companies to share detailed insight into their business operations, short and long term growth strategies and industry vision. Edward Starrs, MyECheck CEO, will be giving a number of presentations throughout the day to groups of investment professionals and will be available for meetings before and after the conference. Those who are interested in scheduling a meeting with…

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Month: October 2008