June 2007 - Page 22 of 75

ThursdayJun 21, 2007 1:13 pm

Morning News Thursday June 21st 2007

General News: - Unemployment claims rose unexpectedly to 324,000 when 311,000 was expected. Continuing claims were 2.523 million versus an expectation of 2.500 million. - Wall Street Journal reports that the Fed may not change rates, but keep a hawkish bias. - Bloomberg and Financial Times are writing about the danger of CDO risk spreading throughout the market in the wake of the Bear Stearns hedge fund blowup. The worry is that the market will re-price down and create massive losses for fixed-income holdings at pension funds and other hedge funds. - CNN is discussing a $1 trillion mortgage payment…

ThursdayJun 21, 2007 1:11 pm

PetroSun, Incorporated (PSUD.PK) Selects Newport Capital Consultants, as Advisor

PetroSun, Incorporated (PSUD.PK) reports that the company has retained the services of Newport Capital Consultants, Incorporated under a one year consulting agreement. Newport Capital Consultants will serve as an advisor to PetroSun and assist the company going forward with investment banking, investor relations, mergers and acquisitions and other consulting related services. Newport Capital Consultants President Mr. Gary Bryant commented, "We are confident that PetroSun is a good fit for Newport because of the strength of the oil and gas sector and the expansion of their alternative biofuels program." PetroSun's current oil and gas operations are concentrated in the Ark-La-Tex…

ThursdayJun 21, 2007 12:53 pm

The Shares of CanAm Uranium Corp. (CAUI.OB) Advanced Up 14.95 % Today on Solid Volume, as BUYINS.NET Reported the Squeeze Trigger Price

BUYINS.NET reported that it is reiterating coverage of CanAm Uranium Corp. (CAUI.OB) after releasing the latest short sale data to June 2007. From December 2006 to June 2007 approximately 54.8 million total aggregate shares of CAUI have traded for a total dollar value of nearly $53.7 million. The total aggregate number of shares shorted in this time period is approximately 4.2 million shares. The CAUI SqueezeTrigger price of $0.98 is the volume weighted average short price of all short selling in CAUI. The first of several short squeezes is expected to begin when shares of CAUI close above $0.69. CanAm Uranium…

ThursdayJun 21, 2007 12:32 pm

Synthetech Grows Reputation

With the pharmaceutical and biotech industries becoming more and more prevalent in the world today, chemical manufacturing companies like Synthetech Inc. (OTCBB: NZYM) are beginning to come into their own.Synthetech is rapidly developing a reputation as a "fine chemicals" company that specializes in organic synthesis, biocatalysis and chiral technologies. It not only develops and manufactures amino acid derivatives, specialty amino acids and peptide fragments for the pharmaceutical industry, but it also supports the development and manufacture of therapeutic peptides and peptidomimetic small molecule drugs at "every stage of the customers clinical customer development pipeline," according to the company's Web site.…

ThursdayJun 21, 2007 12:32 pm

WSI Industries (WSCI) up 24 Percent

Share prices for WSI Industries Inc. (NASDAQ: WSCI) shot up over 23 percent today after the company announced its third quarter results for 2007 after the market's close yesterday, exciting investor and broker interest alike.According to the company's report, WSI reported net sales for $5.2 million for the third quarter of 2007 ended May 27, 2007 - an impressive 24 percent increase over the previous quarters net sales of $4.2 million. The company also reported a net income of $229,000, or 8 cents per share, for 2007, as compared to the $172,000, or 6 cents a share, the company reported…

ThursdayJun 21, 2007 12:32 pm

Brookstreet Securities Under Liquidation

CMO's coming back to bite Stanley Brooks at Brookstreet Securities. The buzz at the conference we are attending today revolves around a hedge fund liquidation in progress.CMO's. A collateralized mortgage obligation (CMO) is a financial debt vehicle that was first created in June 1983 by investment banks Salomon Brothers and First Boston. Legally, a CMO is a special purpose entity that is wholly separate from the institution(s) that create it. The entity is the legal owner of a set of mortgages, called a pool. Investors in a CMO buy bonds issued by the entity, and receive payments according to a…

ThursdayJun 21, 2007 12:32 pm

Early Movers with Big News

Each morning, the exchanges come alive - and finding a company with news to back its movement allows MN1 to bring you updates each morning and afternoon to keep you on top of the small and micro-cap markets. The following companies released news late yesterday evening or early this morning:Shares of Integrated Media Holdings Inc. (OTCBB: IMHI) were up 2 cents, or 50 percent, to 6 cents on volume of 127,040 this morning. Today the company announced its subsidiary Endavo Media and Communications Inc. has been selected to provide "peer-to-peer" and flash video services to Spawn.tv, the new on-demand video…

ThursdayJun 21, 2007 12:32 pm

EarthFirst (EFTI.OB) “Cleans Air” with Proprietary Technology

EarthFirst Technology (OTCBB: EFTI) shares climbed 6 percent this morning to 8 cents, reflecting the company's announcement that its Wesco subsidiary has been awarded an air permit by the Alabama Department of Environmental Management (ADEM) that will allow the company to commence full-time commercial operations of its Catalytic Activated Vacuum Distillation (CAVD) technology.The permit procedure took about 14 months as the company waited for administrative review and public comment. In most states, including Alabama, pyrolysis reactors can only be used on a research and development (R&D) level - the by-products cannot be sold to third parties, and the operating company…

ThursdayJun 21, 2007 12:32 pm

Wholefood Farmacy (WFMC.PK) Bounces Back from Lawsuit

Everybody talks about eating healthier, but few people do anything about it. After all, who wants to eat healthy when eating bad tastes so good? Luckily, there are companies out there willing to watch our diet for us - companies like Wholefood Farmacy (Pinksheets: WFMC), an emerging natural whole foods provider."We have about fifty basic products," Wholefoods CEO Steven Tilton told MN1 "We have various packages that mix and mingle those products, we make 50 products that are all whole foods. No artificial foods, no preservatives, no artificial colors." If you haven't heard of Wholefood's products yet, it's not surprising…

ThursdayJun 21, 2007 12:32 pm

Deltathree (DDDC.OB) Teams up with Panasonic

Voice over Internet Protocol (VoIP) provider deltathree Inc. (OTCBB: DDDC) stunned investors earlier this year when it announced that had signed on with technology giant Panasonic to provider services to the latter company's new GLOBARANGE phone.According to Tomer Treves, consumer group managing director for deltathree, it's joip - deltathree's new consumer brand - that powers the GLOBARANGE's VoIP. "Joip is a brand name operated by deltathree," Treves told MN1. "It's VoIP presented as a real service for everyone to benefit from. As a result, we have fulfilled the promise of VoIP. What it really means is that soon you can…

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Month: June 2007

Morning News Thursday June 21st 2007

PetroSun, Incorporated (PSUD.PK) Selects Newport Capital Consultants, as Advisor

The Shares of CanAm Uranium Corp. (CAUI.OB) Advanced Up 14.95 % Today on Solid Volume, as BUYINS.NET Reported the Squeeze Trigger Price

Synthetech Grows Reputation

WSI Industries (WSCI) up 24 Percent

Brookstreet Securities Under Liquidation

Early Movers with Big News

EarthFirst (EFTI.OB) “Cleans Air” with Proprietary Technology

Wholefood Farmacy (WFMC.PK) Bounces Back from Lawsuit

Deltathree (DDDC.OB) Teams up with Panasonic

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