August 2010 - Page 26 of 30

ThursdayAug 05, 2010 12:30 pm

PetroQuest Energy, Inc. (PQ) Reports Second Quarter of 2010 Operations Report

PetroQuest Energy, Inc. updated the investment community and shareholders on the company’s financial results and oil and gas activities during the second quarter of 2010. PetroQuest Energy, Inc. reported total oil and gas production of 7.3 billion cubic feet equivalent in the second quarter of 2010, compared to 8.6 billion cubic feet equivalent in the corresponding quarter of 2010. The company attributed the sharp decline in year over year production to reduced capital spending in 2009 during the recession and financial crisis. PetroQuest Energy, Inc. realized an average price of $77.20 per barrel for oil and $4.67 per Mcf for…

ThursdayAug 05, 2010 12:29 pm

Penn Virginia Corporation (PVA) Updates Activities

Penn Virginia Corporation issued an operational update on its oil and gas exploration and development activities for the second quarter of 2010. Penn Virginia Corporation reported total oil and gas production of 115.1 million cubic feet of natural gas equivalent per day during the second quarter of 2010. The company produced 134.7 million cubic feet of natural gas equivalent per day in the same quarter of 2009. The production numbers were presented on a pro forma basis to exclude assets from the Gulf Coast area that the company sold last year. In East Texas, Penn Virginia Corporation drilled a total…

ThursdayAug 05, 2010 12:28 pm

Elray Resources Inc. (ELRA.OB) Issues Positive Outlook on Ecuadorian Mining and Investment Opportunities

Shares of global exploration and production mining company Elray Resources Inc. spiked 10 percent to $0.11 this morning after the company issued a positive update regarding the Ecuadorian mining sector. Elray’s portfolio of heavily mineralized mining tenements is based in South East Asia and South America. News that several agencies and institutions anticipate significant growth in Ecuador’s mining sector could result in mining and economic pay-offs for the company. The company said that compared to other Latin American countries, Ecuador has a favorable investment environment influenced by stable political culture and low wage levels, which create many opportunities for foreign…

ThursdayAug 05, 2010 12:28 pm

AbTech Holdings (ABHD.OB) Smart Sponge® Technology to Aid Gulf Remediation

AbTech Holdings, Inc. (www.abtechindustries.com) – which previously announced its Letter of Intent to acquire all issued/outstanding capital stock of AbTech Industries, Inc., thus rendering it a wholly-owned subsidiary, today (Thursday, Aug. 5) conveyed news regarding its ongoing efforts to put AbTech and its proprietary water-cleaning Smart Sponge® technology at the forefront of Gulf of Mexico cleanup operations. Some 5M barrels of oil are the target, and the Company – which is a registered vendor in Alabama, Florida, Georgia, Louisiana and Mississippi – has already registered with the Deep Horizon Command Center, filed both individual and joint consortium with the Interagency…

ThursdayAug 05, 2010 12:27 pm

Viking Systems (VKNG.OB) Reports 2Q Financials, Details 3DHD Progress

Viking Systems, Inc. (www.vikingsystems.com) – the leading global provider of advanced 2D and 3D visualization solutions which are revolutionizing minimally invasive surgery (MIS), today (Thursday, Aug. 5) reported financial results for 2Q FY10 (ended June 30) indicating strong sales growth, and disclosed details regarding the Company’s planned launch in Q4 of their Next Generation 3DHD vision system. President and CEO of VKNG, Jed Kennedy, pointed to the 23% increase in sales in 2Q as an indicator of yet another strong quarter as the Company ramps up to the release of its Next-Gen 3DHD system. Joining the already robust suite of…

ThursdayAug 05, 2010 9:17 am

Terra Energy & Resource Technologies’ (TEGR.OB) STeP® Analysis Discovers Gold and Rubies in Cambodia

Terra Energy & Resource Technologies, Inc., a leading provider of mapping and analysis services for exploration, drilling, and mining companies related to natural resources found beneath the surface of the Earth, recently announced that the Millennium International Group identified a substantial ruby and gold geological discovery in Cambodia, utilizing Terra’s proprietary STeP® technology. Through its services subsidiary Terra Insight Services, Inc., the company performed a two-phase analysis to assess the ruby and gold mineralization potential of 100 square kilometers in Cambodia for Millennium at the beginning of 2010. Millennium acted on the recommendations provided the STeP technology and dispatched a…

ThursdayAug 05, 2010 9:16 am

Rongfu Aquaculture, Inc. (RNFU.OB) has Participated in National Live Fish Transportation Project

One company that is starting to evolve into a global presence is the Chinese Corporation Rongfu Aquaculture, Inc. Located in the People’s Republic of China (PRC), Rongfu has grown into a leader in the commercial freshwater aquaculture industry. Today, the young company took a major step towards enhancing their future with the announcement they have participated in the “Live Fish Transportation from Southern China to Northern China by Train.” The “Live Fish Transportation Project” marks a milestone for Rongfu because they are the first company in the Guangdong Province of the PRC to be authorized to use such technology. This…

ThursdayAug 05, 2010 9:13 am

Increase In North American Sales a Bonus for NetSol Technologies, Inc. (NTWK)

For NetSol Technologies Inc. (NASDAQ: NTWK), global provider of enterprise application solutions, the recent jump in North American sales is frosting on the cake, coming off of significant accomplishments overseas. The company had been focusing on its growing global position, recently announcing a major contract with Sany Corp. of China. Sany is the largest concrete machinery manufacturer in the world, and is considered to have the highest growth momentum in China. NetSol then announced the successful implementation of its NFS (NetSol Financial Suite) by Minsheng Financial Leasing Co. Ltd. And now the company has declared a major rebound in quarterly…

WednesdayAug 04, 2010 5:05 pm

XsunX Inc. (XSNX.OB) New Technology Receives High Marks in IBIS Associates Study

XsunX Inc. develops advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes; the company is currently developing CIGSolar™, a hybrid manufacturing solution to produce high-performance thin-film CIGS solar cells as an alternative to more expensive silicon solar cells. XsunX today said it received positive feedback from a study done by IBIS Associates Inc., a technology strategy and business development consulting company focused on advanced materials and manufacturing technologies. The study observed the potential impact of XsunX’s CIGSolar technology in the global solar market, especially in regards to its efficiency and saving capabilities. IBIS determined that CIGS-based solar cells could…

WednesdayAug 04, 2010 5:04 pm

Sound Financial Inc. (SNFL.OB) Announces Financial Results for Quarter Ended June 30, 2010

On August 4, 2010, Sound Financial Inc., the holding company for Sound Community Bank, announced financial results for the quarter ended June 30, 2010. Sound Community Bank remains "Well Capitalized" with Tier 1 Capital of 7.40 percent and Total Risk Based Capital of 11.08 percent at June 30, 2010. The Company's President and CEO, Laurie Stewart, said, "Despite the economic environment, we achieved positive results in our core business lines during the second quarter. We remain focused on improving credit quality, maintaining our net interest margin and increasing business efficiencies. With signs of stabilizing employment levels and real estate prices…

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Month: August 2010