August 2007 - Page 32 of 56

SaturdayAug 11, 2007 11:38 am

StockGuru Blog: Edgeline Holdings (ELHI) – Biotech in the U.S. Incredibly Successful and Still Growing

OTCBB: ELHI - Stockguru Profile - Edgeline Holdings Website Edgeline Holdings, Inc. has reached a non-binding agreement to acquire Intertech Bio, a newly formed biotech company that is located in Houston, Texas, in an all-stock transaction. Intertech Bio is a developmental stage biopharmaceutical company with a primary focus on developing products to treat cancer, infectious diseases and other medical conditions associated with compromised immune systems. American Biotech is Incredibly Successful The American biotechnology industry continued to dwarf the rest of the world last year in terms of both products and revenues, according to research by Ernst & Young. American public…

SaturdayAug 11, 2007 11:38 am

StockGuru Blog: China Wireless Communications (CWLC) – In Depth Look at the Importance of Tianjin Location

CWLC — China Wireless Communications CWLC, by locating in Tianjin, China’s third largest city and China’s largest port city on the dynamic east coast and an hour north of Beijing, has positioned itself in one of the most dynamic manufacturing areas in China. CWLC has snagged a coveted contract with Hyundai High-Tech Electronics, Ltd in Tianjing and they have a serious contract with it’s Hongmeigui Foods, Ltd. I think taking a look at the business environment of Tianjin will help to understand this company’s potential. First, their geography is crucial. Tianjin is one hour north of Beijing and located on…

FridayAug 10, 2007 6:24 pm

Top Closers With Big News

Public companies love to release positive news and watch the reflection in their stock prices. The following companies released positive news of some kind today or late yesterday and then watched as their stock prices closed very strong. Endeavor Energy Corporation (OTCBB: ENEC) announced that the company has officially acquired Australian Offshore Oil and Gas Concession Vic/P60. Endeavor Energy had originally entered an agreement to purchase the promising oil and gas concession on April 18th, 2007. The news of this acquisition helped Endeavor’s stock price rise by 21 percent, or 29 cents, to $1.64 "In excess of 4 billion barrels…

FridayAug 10, 2007 6:23 pm

Lookout Exxon & BP!!! ENEC Closes Strong after Acquisition News

Shares of Endeavor Energy Corporation (OTCBB: ENEC) jumped up today after news about its acquisition of Australian Oil and Gas surfaced. ENEC closed up 29 cents (21 percent) at $1.64 per share on volume of just over 287,000 shares. ENEC announced earlier today in a press release that it has officially acquired Australian Offshore Oil and Gas Concession Vic/P60. The company had originally entered an agreement to purchase the promising oil and gas concession on April 18, 2007. The Vic/P60 concession is comprised of 342,000 acres in the prolific Gippsland Basin off the coast of Victoria, Australia - a region…

FridayAug 10, 2007 6:23 pm

World Poker Teams Up with Card Player Media

Share prices for World Poker Tour owner WPT Enterprises (NASDAQ: WPTE) skyrocketed this afternoon, suddenly jumping 9.22 percent to $3.79 a share just an hour before market close. It looks like the reason for the sudden investor interest was a statement the company put out earlier in the afternoon. According to the statement, WPT Enterprises just named Card Player Media as the official partner of the World Poker Tour for "exclusive, live tournament reporting." If you're at all familiar with the world of professional poker, then you're probably familiar with Card Player Media. The company owns and publishes Card Player…

FridayAug 10, 2007 6:22 pm

Why the Sudden Market Volatility?

Why do we have unprecedented market volatility now? For several reasons: first and foremost, it has to do with consumers leveraging their homes for cash via refinancing as rates fell over the last few years. Everyone who owned a home did this, and many times those consumers rolled into ARMs (adjustable rate mortgages) which are known to become toxic as rates rise. Secondly, the NYSE removed the uptick rule for short selling; why they chose to do this in 2007 remains a mystery to many market watchers. It's like giving a hedge fund another arrow in the quiver to fire…

FridayAug 10, 2007 6:21 pm

UVSE Surges Up!!! Amberjack Drill Rig Ready to Go

Shares of Universal Energy Corp. (OTCBB: UVSE) jumped up today after news about its Amberjack Prospect Drill Rig surfaced. In late trading today, UVSE was up 26 cents (33 percent) to $1.06 per share on volume of just over 268,000 shares. UVSE issued a press release today updating its stockholders on the status of its summer drilling program. In an announcement yesterday, the company informed its stockholders that the drilling rig that will be utilized to drill Well SL 18514 No. 1 at the Amberjack prospect had been released. Today, UVSE announced that the drill rig is in transit and…

FridayAug 10, 2007 6:20 pm

IMAX Dips in Second Quarter

Leading entertainment technology provider IMAX Corporation (NASDAQ: IMAX) had a rough day today, dropping 14 percent this morning on the second quarter results the company released after market close yesterday afternoon. For starters, the company's film revenues dropped to $8 million from $11.7 million the previous year. Film dollar margin also dropped, although by a much smaller percent, dipping from $3.8 million to $3.6 million this year. The company's cash and short-term investments dropped as well, falling to $18.5 million from $27.4 million the year before. However, the news wasn't all bad; the company's theater operations revenue rose from $4.1…

FridayAug 10, 2007 6:20 pm

SZSN Up Slightly after New R&D Agreement

Shares of Shandong Zhouyuan Seed and Nursery Co. Ltd. (OTCBB: SZSN) jumped up today after news about its new research and development agreement surfaced. In early trading today, SZSN was up 2 cents (9 percent) to 25 cents per share. SZSN announced that its operating subsidiary company in China has signed a research and development agreement with Sihong Feng Tian Seeds Co. Ltd. to jointly accelerate the application and promotion of new wheat seed "Zhouyuan 187" in the Jiangsu province, China P.R.C. It is expected that the final products will enhance the wheat production in Jiangsu due to the new…

FridayAug 10, 2007 6:19 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 some sort of news late yesterday evening or early this morning: American Home Mortgage Investments (Pink Sheets: AHMIQ) shares jumped 4 cents, nearly 15 percent, to 31 cents just after the market's open. Today the company announced its shareholder, NWQ Investment Management Co., liquidated its beneficially owned passive stake in the company, disclosing in a filing with the…

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Month: August 2007