March 2009 - Page 5 of 28

WednesdayMar 25, 2009 1:19 pm

CityView Corporation Limited (CTVWF.OB) Forms Joint Venture with Deanshanger Project Ltd. to Acquire Nigerian-based Refinery

CityView Corporation Limited (CTVWF.OB) is an Australian-based natural resource company with a diverse portfolio of copper, gold, diamonds, coal, iron ore, rare earths and oil refinery interests. The company today announced a joint venture with Deanshanger Project Ltd. for the acquisition of a crude oil refinery with a daily capacity of 55,000 barrels. The acquired Tagore Investments S.A. refinery will later be revamped to produce 100,000 barrels each day, and will be relocated to Nigeria. CityView CEO Mark Smyth said the company will commence shipment and construction of the new refinery this year, and will begin operations in early 2010.…

WednesdayMar 25, 2009 12:17 pm

Sector 10, Inc. (SECT.OB) Receives Speculative Buy Rating and $.50 Price Target from Reovest Growth Research

Sector 10, Inc. announced today that Reovest Growth Research, a wholly owned subsidiary of Reovest Financial, has given the company a Speculative Buy rating with a price target of $0.50. The 10-page report provides investors with an overview of the company, its products, potential within the emergency response industry, as well as the reasoning behind its Speculative Buy rating and $.50 price target. In the report, the analyst stated, “If management is able to generate three to four million dollars in net income over the next two years, investors could see a valuation range of between $0.50 -$1.00 using a…

WednesdayMar 25, 2009 10:04 am

Universal Tracking Solutions, Inc. (UTRK.OB) Brings Affordable Fleet Tracking Solutions to Growing Companies

The ability to keep track of high-cost assets is something that businesses have had to deal with internally. Accountants and technicians synch up physical counts with what is on the books. But where actually are these assets? While large companies can customize their own tracking systems, smaller companies have had to come up with their own solutions. Universal Tracking Solutions, Inc. (UTRK.OB) specializes in bringing an enterprise solution to mid-level companies that enables them to track their fleets with GPS technology. The UTS Fleet Manager is a well thought-out system that allows companies to view their fleet’s current location in…

WednesdayMar 25, 2009 8:30 am

Axial Vector Energy Corp. (AXVC.PK) New Venture Cost Savings Impossible to Ignore

The Axial Vector Energy Corp. (AXVC.PK) Petrosonics joint venture offers the world’s oil processing industry a technology and cost savings that is sorely needed. Axial Vector’s earlier announcement that it has teamed up with Petrosonics to form a joint venture company named Petro-AVEC means that Petrosonics’ unique sulfur removal process will now have the backing to be marketed worldwide. Axial’s AVEC Acquisitions subsidiary is contributing nearly $7 million to the venture to help market and continue development of the technology. The innovative process uses high power ultrasound to reduce sulfur, nitrogen, and trace metals in oil. A side benefit is…

WednesdayMar 25, 2009 7:31 am

Small Cap Voice Featured Company: Premier Energy Corp. (PNRC.OB)

Premier Energy Corp. is focused on oil and gas exploration and production. In October of 2008, the company appointed Dr. Anton Prodanovic as its Chief Executive Officer. Dr. Prodanovic previously held positions in senior management at Mobil Corporation and Exxon Production Research Co., a division of Exxon Corporation. Anton Prodanovic has significant professional experience in the evaluation, planning, permitting, contracting, construction and management of various energy projects. He will lead the company as it seeks to create value through a balance of drilling activities, exploration and acquisitions of assets and companies. Let us hear your thoughts: Premier Energy Corp. Message…

WednesdayMar 25, 2009 7:23 am

Small Cap Voice Featured Company: CMG Holdings, Inc. (CMGO.OB)

CMG Holdings, Inc. is a full-service global marketing and communications, media and entertainment holding company, focusing on commercial rights, talent management and event management services. The company’s commercial rights division includes branding, consulting, endorsements, licensing, sponsorships and sales through creation of branding and image marketing tools to generate client brand recognition. CMG’s talent management services includes management of personalities through full-service representation and individualized attention to their client’s business opportunities and engineering opportunities in packaging clients with corporate sponsors. The company’s extensive event management services include marquis hospitality, sponsorships, licensing, production and implementation of events. Launched in 2008, CMG Holdings,…

WednesdayMar 25, 2009 6:09 am

ADVENTRX Pharmaceuticals, Inc. (ANX) Grants Exclusive Rights to Lead Product Candidate

ADVENTRX Pharmaceuticals, Inc. announced that it has granted Shin Poong Pharmaceutical Co., Ltd. (SEO: 019170.KS) the exclusive rights to make, use and sell ANX-514 (docetaxel emulsion), one of its two lead product candidates, in South Korea. In exchange, ADVENTRX will receive an upfront cash payment of $300,000, up to approx. $2 million in regulatory and commercial milestones, and royalties on net sales of licensed products. "Shin Poong is well-positioned to successfully develop and commercialize ANX-514 in South Korea," commented Brian M. Culley, Chief Business Officer of ADVENTRX. "Established in 1962, Shin Poong has grown to more than 1,500 employees. They…

WednesdayMar 25, 2009 6:00 am

China 3C Group (CHCG.OB) Announces Financial Results for Fourth Quarter and Full Year 2008

China 3C Group, a retailer and wholesale distributor of consumer and business products in China, reported its financial results for the fourth quarter and full year of 2008. Net sales for the fourth quarter of 2008 totaled $84.9 million, a 22.9% increase compared to $69.1 million for the same period of the prior year. The company's retail business accounted for approximately 68% of sales while the wholesale business generated approximately 32% of sales. Net sales for last year increased 13% to $310.6 million, versus $276.0 million for 2007. General and administrative expenses for the year totaled $14.1 million, or approximately…

WednesdayMar 25, 2009 5:49 am

Human Genome Sciences, Inc. (HGSI) and Morphotek(R), Inc. Partner Up to Discover, Develop and Commercialize Antibodies for Oncology and Immunology

Today, Human Genome Sciences, Inc. and Morphotek®, Inc., a subsidiary of Eisai Corporation of North America, announced together that they have entered into a collaboration to discover, develop and commercialize therapeutic monoclonal antibodies in the fields of oncology and immunology, specifically targeting antigens discovered by HGS. “The rapid commercialization of our late-stage compounds continues to be the priority focus of HGS. At the same time, we also remain committed to advancing our earlier and mid-stage programs in development to ensure sustainable growth well into the future,” stated H. Thomas Watkins, President and Chief Executive Officer, HGS. “We look forward to…

WednesdayMar 25, 2009 5:36 am

Reed’s, Inc. (REED) Expands Relationship with Ingles Markets (IMKTA)

Reed's, Inc., maker of the top-selling sodas in natural food stores nationwide, today announced that it has expanded its relationship with Ingles Markets, Inc. (NASDAQ: IMKTA), based in Asheville, North Carolina. According to the press release, Ingles will begin taking delivery of Virgil's All Natural Sodas direct to their warehouse in North Carolina. The company will also place the products in the mainstream beverage aisle in 100 of its stores. Neal Cohane, Senior VP of Sales, National Accounts, stated, "We believe that the placement of our products in the mainstream beverage aisle will greatly enhance our brand recognition and translate…

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Month: March 2009