DALLAS (July 30, 2007) — As the week begins, the Dow, S&P and Nasdaq might be headed in the right direction after last week’s woes; all three indices are currently up to start of the morning, paving the way for many other companies to see positive gains throughout the day, possibly restoring investor confidence.Cyclone Power Technologies Inc. (Pink Sheets: CYPW) announced this morning a material advancement in the design and production of the patent-pending condenser unit on its Green Revolution Engine.
“This recent advancement in the manufacturing process of our condenser unit will mean quicker turn-around and reduced research and development costs for us, and ultimately, reduced production costs for the end manufacturers of our engine,” said Harry Schoell, Cyclone’s president and CEO, in a statement earlier.
The Cyclone condenser has a cylindrical design with over four times the surface space of a radiator found on a comparable internal combustion (IC) engine. The additional area is critical for the operation of the Green Revolution Engine, which traps and recycles up to 30 percent of its own heat, thus making it more efficient at burning fuel than traditional IC engines. Share price for Cyclone has jumped 17 percent, or 27 cents, to $1.87 after the company release this news.
Amedia Networks Inc. (OTCBB: AANI), a provider of next generation media gateways to distribute and manage ultra-broadband triple-play services in home, today issued a letter to company stockholders providing an operational update for the first half of 2007.
“To date, our team has made considerable progress on the development of leading edge home gateway designs that will enable a wide variety of new voice, video, data, and gaming applications to homes around the world. While there has been slower than expected deployments of ultra-broadband in the U.S. over the past 18 months, we are now seeing signs of change – led by Verizon with its FiOS network and AT&T copper broadband roll-outs. And as the momentum builds, Amedia is very well positioned to become a significant player in the home gateway marketplace,” Frank Galuppo, CEO, stated in the letter to the stockholders.
Share price of Amedia have increased this morning 8 cents, or 22 percent, to 44 cents on over 1.7 million in volume. While Amedia shares are seeing positive gains, Verizon happens to be down on the day and AT&T has followed Amedia by gaining 8 cents as of 9:32 a.m. CDT.
Although DC Brands International (Pink Sheets: DCBI) considered its shareholder meeting in Las Vegas to be a major success, the company’s stock price doesn’t reflect the same positive feeling the company has. DC’s stock price is currently down 10 cents, or 40 percent to 15 cents on the morning.
“The meeting and reception were an overwhelming success, and we can’t thank enough all the dedicated shareholders from around the country who traveled to Las Vegas for our event,” said President and CEO Richard Pearce in a statement. “The face time we get with shareholders is invaluable for our company’s progress, and while we enjoy opportunities to announce the news that we did, we also appreciate the candid feedback given to us. There was so much information presented during the meeting that we will be announcing it in more detailed releases throughout the next few weeks.”
Hopefully other investors will join DC in this positive feeling that might help turn around the company’s stock price retreat.
Let us hear your thoughts below: