October 2007 - Page 37 of 54

WednesdayOct 10, 2007 7:06 pm

Market Recap for Wednesday, October 10, 2007

Wall Street traded sideways Wednesday, and closed mixed as profit warnings and news from companies such as Alcoa Inc. and Boeing Co . dragged down the Dow Jones industrial average. However, technology stocks were sparred from the slight pullback. Declines by companies Boeing and Alcoa hurt the 30-stock index. However, International Paper Co. and Chevron Corp. closed red because third quarter fiscal results were not as desirable as expected. The stock market's unsteady trading throughout Wednesday was followed by a surge on Tuesday that was sparked by the release of Federal minutes. According to Kim Caughey, an equity research analysis,…

WednesdayOct 10, 2007 7:04 pm

Redchip Featured Company: H2Diesel Holdings Inc. (HTWO.OB) Overview

H2Diesel Holdings Inc. (HTWO.OB) is a development stage company that holds several exclusive license rights for products within North America, Central America, and the Caribbean. These licensing rights allow for use of proprietary technology to manufacture BioFuel products from vegetable oils and animal fats. This fuel is intended to be used to generate power, generate heavy equipment, power marine applications, and be used for heating fuel. The Company is able to establish biofuel production facilities through their direct actions, or through sublicensing their technology to qualified licensees. The company believes that their biofuel product have distinct and compelling competitive advantages…

WednesdayOct 10, 2007 7:02 pm

DARA BioScience’s Proposes a Reverse Merger with Point Therapeutics, Inc (POTP)

DARA Bioscences, a privately held development-stage pharmaceutical company, announced that they have entered into a definitive agreement to merge with Point Therapeutics (POTP). Per this agreement, DARA will merge into one wholly owned subsidiary of Point Therapeutics. This agreement also specified DARA stockholders will hold 96.4% of Point's outstanding shares of common stock, and Point will change its name to DARA BioSciences, Inc after the share exchange goes into effect. DARA and Point's research is focused on Type 2 diabetes, neuropathic pain, dermatologic disorders, and oncology. DARA has recently signed an agreement with Bayer Pharmaceuticals to be granted use of…

WednesdayOct 10, 2007 7:00 pm

Onstream Media, Corp. (ONSM) Set to Introduce New Products

Onstream Media Corporation (ONSM), a leading online service provider for digital media, announced early Wednesday that they are ready to upgrade their already popular Visual Webcaster service. The companies video broadcast upgrade will include utilizing the industry standard 16:9 aspect ratio, called Visual Webcaster HD(TM) in Windows, RealTime, QuickTime and Flash media formats. Onstream Media will also offer iEncode(TM), a full-featured, webcasting solution. iEncode will enable the webcasting of audio and video to any viewer through a partnership with Akami, as ONSM will use their Content Delivery Network (CDN). Randy Selman, President and Chief Executive Officer of Onstream Media stated…

WednesdayOct 10, 2007 6:59 pm

nCoat, Inc. (NCOA.OB) Views Current Situation as The Perfect Storm

Several companies go through a period where everything that is coming together seems to be happening at just the right time. It is as if all the stars are aligning and a company has the chance to step out of the small scale business cycle they are currently running in and seize the opportunity to dramatically increase revenues and take its company to the next level. nCoat Inc. (OTCBB: NCOA.OB) is experiencing a perfect storm with its conditions both internally and externally that are providing them with excellent opportunities to grow exponentially. Paul Clayson, CEO of nCoat, was interviewed today…

WednesdayOct 10, 2007 12:25 pm

RHJ International (RHJIF.PK) – Private Equity on the Cheap

RHJ International (RHJIF.PK) is a spin off from the New York based private equity firm Ripplewood Holdings. This division focuses on Japan and was the first private equity firm to go public, thus allowing investors to cash out on some of their huge profits. CEO Tim Collins has been in the business for years and has posted some strong returns. RHJ chose to be headquartered in Belgium to avoid capital gains. Its investments are in Japan so there is quite a bit to follow. The relationship between the yen, Euro, and dollar affects the stock. Its shares are denominated in…

WednesdayOct 10, 2007 10:11 am

nCoat, Inc. (NCOA.OB) Awarded “Speculative Buy Rating” and $1.22 Price Target from Micros Report

Micros Report announced this afternoon that it has completed a research report featuring nCoat and its position in the high-growth nanotechnology industry. The full 23-page report is available at www.microsreport.com/pdf/NCOA.pdf nCoat is a development, licensing and distribution holding company that provides traditional micronized particulate and next gernation coatings for the automotive, aerospace, defense, diesel engine, recreational vehicles and energy industries. Its proprietary solutions are based on nanotechnology and leads the market in heat management, corrosion resistance, friction reduction, abrasion protection, appearance, and bond strength. In the report the analyst stated, “Based on historical revenues and not factoring in the potential…

WednesdayOct 10, 2007 9:09 am

China Agritech in Cahoots with China’s Largest Fertilizer Distributor

China Agritech Inc. (OTCBB: CAGC.OB) announced yesterday it has signed a contract with Sinochem Fertilizer Co. Ltd, the largest fertilizer distributor in China, to deliver at least 1,000 metric tons of its “Green Vitality” liquid organic fertilizer. The order is expected to increase China Agritech’s revenue by $7.8 million over the duration of the contract. ''We are pleased to have obtained this contract with Sinochem Fertilizer, as we are one of a handful of liquid organic producers with the capacity to fulfill an order of this size. We feel that this contract reinforces the market opportunity for Green Vitality and…

WednesdayOct 10, 2007 9:08 am

Del Global Technologies (DGTC.OB) Posts Q4 Results; Increases Across the Board

Del Global reported consolidated net sales for the quarter at $31 million, up 29.2% from $24 million in the same period last year. The company attributed the increase to higher sales at the Medical Systems Group and the Power Conversion Group (RFI) which rose 29.4% and 19%, respectively. In a press release, Del Global’s President and CEO James A. Risher said the company generated more than $100 million in annual sales as it took the necessary steps to strengthen its management and business strategy. “We ended a record year for the company with a strong fourth quarter, highlighted by increases…

WednesdayOct 10, 2007 9:06 am

Spicy Pickle, Inc (SPKL.OB)

Can you say follow-through? On Monday, we pointed out how Spicy Pickle's (OTCBB: SPKL) chart looked a heck of a lot like a bullish engulfing bar had been made with Monday's big gain. If you missed it, or want to know what a bullish engulfing pattern looks like, just click here to review the blog entry. Anyway, what I wanted to see on Tuesday was a move higher than Monday's close, just to confirm that the engulfment was a valid one. It would be nice if such a gain was made on even higher volume. Well, Spicy Pickle went two…

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Month: October 2007