November 2010 - Page 7 of 26

MondayNov 22, 2010 9:05 am

China Linen Textile Industry Ltd. (CTXIF.OB) Acquires Lanxi Tianxianfang Linen Co. Ltd.

On Friday, China Linen Textile Industry, Ltd. announced that it has acquired a 100% equity interest in Lanxi Tianxianfang Linen Co., Ltd. The acquisition, valued at approximately $6.7 million, will expand the capacity of the company's two main product lines. The acquisition will also function as a way to help China Linen meet its growing customer demand. This acquisition is expected to add approximately $4.9 million in revenue and $1.2 million in net income annually, while maintaining gross margins of approximately 30%. The acquisition includes a 23,358 square foot office building, a spinning production line with 3,000 spindles, bleaching machines…

MondayNov 22, 2010 9:03 am

PDC Energy (PDC) Releases 2011 Oil and Gas Capital Budget

PDC Energy released the company’s preliminary oil and gas exploration and development budget for 2011. The company expects to spend up to $300 million, subject to approval by the board of directors. PDC Energy estimates that its 2011 capital plan will range between $260 and $300 million, with development drilling comprising between $205 million and $240 million of the total. The company will also spend $36 million to repurchase several oil and gas partnerships issued in 2005. PDC Energy is active in developing the Niobrara oil formation in the Wattenberg Field in Colorado, where it is conducting a horizontal drilling…

MondayNov 22, 2010 8:48 am

President and CEO of True 2 Beauty, Inc. (TRTB.PK) Interviewed by SmallCapVoice.com

Today before the opening bell, SmallCapVoice.com, Inc. announced that a new audio interview with True 2 Beauty Inc., a leading manufacturer and distributor of male sexual potency pills and liquid products in the United States, is now available for playback. The interview can be heard at http://smallcapvoice.com/blog/11-19-10-audio-interview-with-true-2-beauty-inc-pink-sheets-trtb A recognized corporate investor relations firm, with clients nationwide, SmallCapVoice is known for its ability to help emerging growth companies build a following among retail and institutional investors. The firm offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools include stock…

MondayNov 22, 2010 8:41 am

Daulton Capital Corp. (DUCP.OB) to Capitalize on Favorable Location Near Proven Gold Reserves as Precious Metal Prices Hit Record Highs

Daulton Capital Corp. today provided data on its gold property showing it's close proximity to an area with over 1.5 million indicated ounces of gold. Well positioned in the well recognized, and prolific, Tintina Gold Belt, Daulton Capital's Balarat Project straddles Balarat Creek, one of the most productive creeks in the Yukon. The Balarat Project is in close proximity to both the Underworld and Kaminak discoveries, which are now owned by Kinross Gold Corp. (NYSE: KGC) after a takeover valued at about $140 million. According to recent reports, Kaminak has discovered two more new, at surface, gold zones with drilling…

FridayNov 19, 2010 4:52 pm

ImmunoGen (IMGN) Announces Presentation of Positive Anti-cancer Therapy Product

ImmunoGen Inc., a developer of anti-cancer products using its Targeted Antibody Payload (TAP) technology, today announced the presentation of positive clinical data for its IMGN388 anti-cancer compound at the 22nc EORTC-NCI-AACR Symposium on Molecular Targets and Cancer Therapeutics taking place in Berlin, Germany. IMGN388 is designed to target and kill cells that express its αv integrin target. The company said this antigen is found on various types of solid tumors, including lung, breast and prostate cancers, as well as on vascular cells in the process of forming new blood vessels, a process that needs to occur for any solid tumor…

FridayNov 19, 2010 3:23 pm

Titan Energy Worldwide (TEWI.OB) Advantageously Positioned for Required Global Grid Upgrades

On a large scale, our power grid systems are “old” for lack of a better word. Most of the grid systems were designed half a century ago and are in need of change to meet the ever-increasing demand in the world today. Recently, the World Economic Forum, an independent international organization committed to improving the state of the world through interaction of leaders to shape global and industrial agendas, met to discuss the state of smart grid systems worldwide. The report generated contains a great deal of interesting information and dialogue from industry leaders on the topic of the state…

FridayNov 19, 2010 2:00 pm

General Automotive Corp. (GNAU.OB) Announces Marketing and Distribution Agreement with Rydeen Mobile Electronics

General Automotive Company today announced that it has inked an agreement with Rydeen Mobile Electronics group to market and sell its gPad tablet based vehicle computer products to the Automotive OEM market through General Automotive's Global Parts Direct division. In addition to marketing and selling Rydeen's gPad tablet, General Automotive will work together with Rydeen on marketing opportunities to meet the needs of their global customers and markets. Phil Maeda, President of Rydeen, stated, "Aligning with a strong experienced automotive company of General Automotive's caliber is the central building block in our corporate strategy for succeeding in the OEM vehicle…

FridayNov 19, 2010 1:40 pm

Decorator Industries, Inc. (DII) is “One to Watch”

Founded in 1953, Decorator Industries, Inc. designs, manufactures and sells top quality interior products. Leveraging a well established presence, the company delivers a broad assortment of interior furnishings, including draperies, curtains, valance boards, shades, blinds, bedspreads, comforters, pillows, cushions and trailer tents. Decorator Industries currently has 6 manufacturing plants within the United States, ranging from 20,000 to 56,000 square-feet. These plants are located in Haleyville and Red Bay, AL, Goshen, IN, Bossier City, LA, Salisbury, NC, and Abbotsford, WI. The company also has administrative offices which are located in Pembroke Pines, FL and Hackensack, NJ. Throughout its business operations, the…

FridayNov 19, 2010 1:07 pm

Continental Materials Corp. (CUO) Trades Under the Radar

Continental Materials Corp. and its subsidiaries are focused on manufacturing and marketing heating, ventilation, and air conditioning (HVAC) products, in addition to construction products, in North America. The company's HVAC products include gas-fired wall furnaces, console heaters, fan coils, and evaporative coolers, while its construction products comprise ready mix concrete, aggregates, and construction supplies. The company also offers hollow metal doors, door frames, and other hardware. The company sells its HVAC products through plumbing, heating, and air conditioning wholesale distributors, as well as directly to retail home-centers and other retail outlets. Construction products are sold through its direct sales personnel…

FridayNov 19, 2010 12:45 pm

Rediff.com India Ltd. (REDF) Video Chart for Friday, November 19, 2010

After a strong climb in September, REDF has pulled back but is still holding a good portion of the gains. More importantly, it is holding a support level and holding over the 200 day moving average. It is on watch to continue to hold and possibly make another move as a bullish harami was confirmed yesterday. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php Let us hear your thoughts below:

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Month: November 2010