January 2010 - Page 20 of 26

MondayJan 11, 2010 9:30 am

Daybreak Oil and Gas, Inc. (DBRM.OB) Reports Results of Three Wells

Daybreak Oil and Gas, Inc. reported the results of three wells drilled at its East Slopes Project in Kern County, California. All three wells were targeting the Vedder Sand formation. The Bear #2 was drilled to a depth of approximately 2,500 feet. The well was completed and is currently producing at a rate of 50 barrels of oil per day. The company plans further development at the area, including a possible horizontal well. The Sunday #4-H was a horizontal well and hit approximately 20 feet of net oil pay. The well is currently being completed. The Black #1 was an…

MondayJan 11, 2010 9:28 am

COMSYS IT Partners, Inc. (CITP) Revises Fourth Quarter Guidance

Staffing and consulting service experts COMSYS IT Partners, Inc., announced recently that it is has revised its guidance upward for the fourth quarter of 2009. The company stated that their revised net income and earnings estimates exclude an expected reversal of a previously recognized portion of restructuring expense related to their Washington DC area lease. The revision also excludes potential effects of its quarterly review on the recoverability of its deferred tax assets. As per the revision, COMSYS now expects to report revenue in a range of $170 million to $175 million for the fourth quarter and net income in…

FridayJan 08, 2010 3:52 pm

China Yongxin Pharmaceuticals Inc. (CYXN.OB) Announces Opening of Multiple Stores in 2009, Improved Revenues

China Yongxin Pharmaceuticals Inc. is a leading manufacturer, distributor and retailer of Chinese traditional medicines, pharmaceutical products, natural health products, health food, cosmetics and medical equipment in Northeastern China. The Company today gave a run-down of 2009, announcing that it has opened three new stores last year, reflecting a revamp in its sales strategy. Yongxin Liu, chairman and CEO of China Yongxin, stated that the company’s focus on the Chinese healthcare market is supported by the government’s call for reform and the company’s ability to offer various products to meet demand. "With enhanced government support, specifically the commencement of China's…

FridayJan 08, 2010 1:42 pm

Consorteum Holdings, Inc. (CSRH.OB) Becomes Key Link to New Market

Consorteum Holdings Inc., a Canadian based provider of creative financial transaction solutions, sees a clear and unmet need in the financial transaction market which it has positioned itself to fill. Financial processors essentially just settle credit, debit, and ATM transactions on behalf of their own network of merchants and associated financial institutions. However, they also possess the infrastructure and client base to provide a number of additional products and services, which they could do if they formed partnership agreements with organizations that supply value-added services in the card/payment industries. In spite of this opportunity, today’s processors do not seem to…

FridayJan 08, 2010 1:36 pm

Viper Powersports Inc. (VPWI.OB) Subsidiary Signs Joint Venture with Ilmor Engineering

Viper Motorcycle Company, a subsidiary of Viper Powersports Inc., and Ilmor Engineering Inc. today announced that they have executed the manufacturing agreement outlined in the letter of intent dated October 6, 2009. Viper Motorcycle and Ilmor will partner on the manufacture of an Ilmor designed and developed Viper Motorcycle 152 cubic inch V-twin engine. Partnering with Ilmor looks like a smart choice. Ilmor Engineering is one of the most successful race-engine design manufacturing firms in the world. The company is best known for its expertise and success in the highest levels of automobile racing. Ilmor has over 200 Indy Car…

FridayJan 08, 2010 1:34 pm

Cereplast, Inc. (CERP.OB) Moves to List Shares on NASDAQ or AMEX

Cereplast, Inc., the revolutionary designer and manufacturer of proprietary bio-based plastics that offer a functional and sustainable substitute to existing petroleum-based plastics, announced its determination to get its shares listed on NASDAQ or AMEX. The Company has taken several steps towards fulfilling this determination: • Retaining Sichenzia Ross Friedman Ference LLP (SRFF), the well-known securities law firm based in New York City to act as its legal counsel. • Appointing Mr. Steve Hanni as an independent director to the Board of Directors. • Filing a Certificate of Amendment to its Articles of Incorporation in order to initiate a 1-for-40 reverse…

FridayJan 08, 2010 10:45 am

Budget Center, Inc. (BDGN.PK) is “One to Watch”

Budget Center is focused on delivering great value to their guests. Utilizing its websites, the company will offer a balance of good, better and best products providing travel options for every budget. When shopping at any of Budget’s URLs, visitors will discover they retain quality and receive value at budget prices. The primary domains to be developed by Budget include: budgethotels.com, budgetresorts.com, budgetadventures.com, budget-cruise.com, budgetairlines.com, budgetravel.com, budgetcenter.com, budgetfishing.com, budgetentertainment.com, budgetskiing.com, budgetcharters.com, and budgetinteractive.com Budget aims to grow profitably by catering to its ever growing target market - budget category consumers worldwide. It is believed that under the current economic conditions,…

FridayJan 08, 2010 9:56 am

Tefron Ltd.’s (TFRFF.OB) Lenders Agree to Continue and Expand Financing

Israeli company Tefron manufactures boutique-quality everyday seamless intimate apparel, active wear and swim wear sold throughout the world by name-brand marketers such as Calvin Klein, Nike, Victoria's Secret, Patagonia, Reebok, Banana Republic and the Gap. The company's innovative product line includes tank tops, boxers, leggings, crop, T-shirts, nightwear and bodysuits. The company announced yesterday that it has signed a memorandum of understanding with its principal lenders to continue and expand its line of credit. The memorandum of understanding ensures the continuation of the existing $28.95 million line of credit and adds an additional $1.8 million for a total credit line…

FridayJan 08, 2010 9:51 am

PetroQuest Energy, Inc. (PQ) Updates Capital Expenditure and Production Guidance For 2009

PetroQuest Energy, Inc. updated its guidance for capital expenditures and production growth for 2009 to reflect the deferral of several projects. PetroQuest Energy, Inc. said that the final total for 2009 capital expenditures would be $60 million. The company previously estimated that its capital expenditures for 2009 would be in a range of $65 million to $75 million. PetroQuest Energy, Inc. attributed the lower total to the deferment of several projects during the fourth quarter of 2009. The company also spent less on some wells located in the Fayetteville Shale. In addition, PetroQuest Energy, Inc. reduced its expected oil and…

FridayJan 08, 2010 9:49 am

Aquentium Inc. (AQNM.OB) Signs Exclusive Ozone Distributorship for Puerto Rico

One company that is on the rise is Aquentium, Inc. Perhaps the most attractive aspect of Aquentium in their array of technology is their ozone sanitation equipment that destroys deadly organisms. Today, Aquentium took a major step towards enhancing their future with the announcement that they have signed an exclusive ozone distributorship for Puerto Rico. The agreement for distributorship of Aquentium’s ozone equipment was signed with the growing company Global Power Plus and will allow Global Power to be the exclusive distributor of the ozone equipment for a minimum of the next 12 months. Global Power Plus will market the…

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Month: January 2010