August 2011 - Page 16 of 25

WednesdayAug 10, 2011 2:07 pm

Royal Financial, Inc. (RYFL) Terminates Employee Stock Ownership Plan

Royal Financial, Inc. and Royal Savings Bank, a wholly owned subsidiary of the Company, announced the end to their employee stock ownership plan (ESOP). According to Royal CEO Leonard Szwajkowski, the company "determined that the benefits of the ESOP were not sufficient to justify the ongoing annual expense incurred to maintain the plan. The costs savings we will achieve in future periods will more than compensate for the one-time charges incurred to terminate the ESOP.” Company estimates of savings due to the change range from $40,000 to $45,000 per year. The cost of terminating the ESOP plan, says the company,…

WednesdayAug 10, 2011 1:58 pm

Toreador Resources Corp. (TRGL) and ZaZa Energy, LLC to Merge

Toreador Resources Corp. and ZaZa Energy, LLC announced late Tuesday night the execution of a definitive agreement to merge the pair into a single enterprise, with Toreador bringing its oil holdings and ZaZa coming in with its oil and gas portfolio. Based on Toreador stock’s Tuesday close, the implied market capitalization for the new company is about $294 million. Rodman & Renshaw, LLC is serving as financial advisor to Houston-based ZaZa in the deal, while RBC Capital Markets is serving as financial advisor to Toreador. The new company will assume the name ZaZa Energy Corporation. Under the merger terms, though…

WednesdayAug 10, 2011 1:50 pm

Genesis Biopharma, Inc. (GNBP) Signs CRADA with the National Crisis Institute for the Development of Cancer Immunotherapies

Genesis Biopharma, Inc., a biopharmaceutical company that engages in the development and commercialization of drugs and other clinical solutions for underserved diseases, announced that it has entered into a Cooperative Research and Development Agreement (CRADA) with the National Cancer Institute (NCI). Under the terms of the five-year development and cooperative research agreement, Genesis Biopharma will be working with Steven A. Rosenburg, M.D., Ph.D., the NCI Surgery Branch Chief, in order to develop adoptive cell immunotherapies that are created to destroy metastatic melanoma cells utilizing a patient’s tumor infiltrating lymphocytes. More specifically, the CRADA will (i) provide support to the in…

WednesdayAug 10, 2011 1:16 pm

Beacon Equity Research Featured Company: Orofino Gold Corp. (ORFG)

Orofino Gold Corp. is a Colombia-based gold producer focused on discovering, acquiring and expanding mineral-rich resource deposits. The company was founded in 2009 by former executives and management with over 50 years of combined mining exploration, finance, and development experience. The company currently operates mines in the Senderos de Oro area of Colombia, nearby Ventana Gold Corp’s proven La Bodega asset and Greystar Resources Ltd’s Angostura project. Orofino also has rights to other lands in the gold-producing region totaling over 3,000 hectares as well as an option on a portfolio of other small producers and development/exploration assets. Orofino aims to…

WednesdayAug 10, 2011 12:53 pm

FX Energy, Inc. (FXEN) Updates Operations in Poland and Montana

FX Energy, Inc. reported an operational update on the company’s oil and gas activities in Europe and the United States. The company is focused mostly on a number of unconventional resource plays in Poland. FX Energy has reached total depth of approximately 13,800 feet on the Plawce-2 well located on the Fences Concession in Poland. The company found net gas pay in the Rotliegend sandstone and will decide on completion options after the well is logged and tested. FX Energy plans to start drilling two more wells on the Fences Concession in 2011. The Komorze-3 and Mieczewo wells are designed…

WednesdayAug 10, 2011 11:14 am

AMR Corp. (AMR) Video Chart for Wednesday, August 10, 2011

Today we take a look at AMR for a technical lesson in what to look for in the future regarding the candles (a morning star pattern) and long-term indicators such as the MACD. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts Let us hear your thoughts below:

WednesdayAug 10, 2011 11:08 am

Simulated Environment Concepts, Inc. (SMEV) Success Based on Unique Product and Wide Range of Markets

SpaCapsule, the flagship product of Simulated Environment Concepts, is unique to the marketplace, a factor that is considered one of the company’s major strengths. The system, a proprietary patented self-contained hydro-massage and sensory stimulation unit, has been shown to be singular in its ability to promote holistic health. Designed by doctors, it addresses both mind and body issues, reducing stress, relieving pains, as well as enhancing weight loss and muscle toning. There’s nothing out there quite like it, and, because of its wide range of benefits, it has successfully targeted an equally wide range of markets, including health and fitness,…

WednesdayAug 10, 2011 10:48 am

Flexpoint Sensor Systems, Inc. (FLXT) Announces Development Order from US Military

Located in Draper, Utah, Flexpoint Sensor Systems has quickly evolved as a leading name in the sector. Today, Flexpoint took a major step towards prominence with the announcement that they have received a development order and funding towards the completion of a customized product for the US Military. The order is the direct result of earlier development and prototypes which have been successfully tested by the organization, and the agency has received approval and funding for advanced development of the product. The project has been fast tracked and should be completed sometime next year. Leading the way at Flexpoint is…

WednesdayAug 10, 2011 10:44 am

Second Quarter and First Half 2011 Earnings Reported by Wells-Gardner Electronics Corp. (WGA)

Wells-Gardner Electronics Corp. is a distributor and manufacturer of color video monitors and other related products for a variety of markets including gaming machine manufacturers, casinos, coin-operated video game manufacturers and other display integrators. The company's subsidiary, American Gaming & Electronics, is a leading parts distributor to gaming markets, with over 700 casinos as customers. The company today announced second quarter and first half 2011 financial numbers for the period ended June 30, 2011. Wells-Gardner reported net earnings for the second quarter were $600,000, or $0.05 per share, a 36% increase over the $441,000, or $0.04 per share, reported in…

WednesdayAug 10, 2011 10:37 am

YesDTC Holdings, Inc. (YESD) to Change its Name

YesDTC Holdings, Inc. announced that the company is planning to change its name to MotorBooster, Inc. This decision reflects the company’s recent move towards marketing and distributing its industry-leading MotorBooster product, which operates as a combustion catalyst and engine conditioner used in modern, gasoline powered automobile. MotorBooster has received various U.S. patents while also receiving EPA Certification. Further, independent tests have shown that MotorBooter can increase fuel efficiency by up to 16% while also reducing fuel emissions. In addition to these tests, YesDTC has also announced that the University of Alaska, Fairbanks, along with a major multinational oil company, will…

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Month: August 2011