February 2008 - Page 54 of 78

MondayFeb 11, 2008 5:12 pm

Market Notes

As always, some of the recent market developments that made one-day headlines will take some time to play out, and other things that aren’t so prominently featured in the news might be the things that affect the market in a more immediate way. One of the headlines last week that is expected to have ongoing consequences is Amazon’s (NASDAQ: AMZN) announced $1 billion stock buyback. Tucked in with this announcement was that the online retailer will repurchase also $1.25B debt. Stock buybacks are often non-binding, as they are an announcement of company policies going forward. The companies reserve the right…

MondayFeb 11, 2008 5:08 pm

China Health Resources, Inc. (CHRI.OB) Signs $3 Million Project Agreement with Guangzhou Qingping Market

Incorporated in 2001, China Health Resources Co., Ltd. (CHRI) has grown to become one of the leading industrialized agricultural corporations in China. The company is engaged in the production and processing of Chinese traditional medicines, such as the widely used Dahurian Angelica Root. Today the company announced it has secured a project investment contract with Guangzhou Qingping Market to build Herb Network Logistics and a Sales Platform. According to the press release, the companies’ aggregate $3 million investment into the project will expand the herb market of spot trade and futures trade through e-commerce. In the statement, China Health said…

MondayFeb 11, 2008 5:03 pm

Strategic Partnerships Launch Universal Detection Technology, Inc. (UDTT.OB) onto the Forefront of Homeland Defense

Universal Detection Technology, Inc. (OTBB: UDTT) develops monitoring technologies for detection of bioterrorism and other threats related to Homeland Security. The company has also worked alongside NASA to create a bio-terror smoke detector to detect biohazard substances. President and CEO of Universal Detection Technology, Jacques Tizabi, was recently featured in CEOCorner, “The Fastest 60 Seconds in the Small-Cap Market,” in which he highlighted the continued threats against the United States. He discussed preparations and defensive measures that should be taken to prevent potential terrorist attacks, noting that recent news and government reports hint that our nation is still unprepared to…

MondayFeb 11, 2008 2:40 pm

February 11th CEOcast Weekly Newsletter

The major indices suffered sharp losses and essentially gave back the prior week's gains, in which that the Dow, Nasdaq, S&P 500 and Russell 2000 surged 4.4%, 3.7%, 4.9% and 6.1%, respectively. The Dow lost 561 point for the week, bringing its year to date loss to 8.2%. The Nasdaq continued to be the worst performing index with a loss of 109 points, to increase its year to date loss to 13.1%. The S&P 500 also continued in a downward spiral with a loss 64 points and year to date loss of 9.3%. The Russell 2000 closed out the week…

MondayFeb 11, 2008 1:07 pm

China American Holdings Inc. (CAAH.OB) is "One to Watch"

China American Holding Inc., an American/Chinese holding company, is an access point to the trigger that is to the Chinese economic/manufacturing machine. Through the company’s subsidiaries, China American Holdings manufacturers and distributes products internally; to/in China while distributing around the world. If you are interested in investing in a company that distributes toys to the United States, or manufactures products that go into many of the end-products exported from China, this is one of the companies to consider. Other then the full spectrum of toys that China has become known for; chemicals for non-refillable tubes and air conditioning units and…

MondayFeb 11, 2008 12:57 pm

OTCReporter Featured Company: New Century Companies, Inc. (NCNC.OB) Announces Guidance for Year-end 2007

New Century Companies, Inc. announced today their guidance for the years-end of 2007. The company is projecting revenue of $10,000,000 for its calendar year ending 12/31/2007, which is a 22% increase over the previous year's revenue for 2006. Six month revenues increased 45% to approximately $5.8 million; gross profit for the first six months increased 58% to $1.9 million; and 2007 year end revenues exceeded $11.6 million, an increase of 40%. David Duquette, President & CEO of New Century, commented, "We are pleased with our continued revenue growth and that the company will show improved year-over-year EBITDA. We are also…

MondayFeb 11, 2008 12:02 pm

StockEgg.com Featured Company: Image Worldwide Inc (IMGW.PK) Should Flourish in Any Economy

Image Worldwide Incorporated is the parent company of several rapidly growing entertainment subsidiaries. The company holds interests in radio, real estate, print and internet advertisements. Today the company announced that revenues for 2007 were up a whopping 146% from those in 2006. The company posted unaudited sales of $2,242,823 for the fiscal year compared to only $912,485 for the previous year. Paul Srokin, the CEO of Image Worldwide commented, “We've seen significant growth in all our divisions. We are extremely pleased that the market has not only accepted, but embraced our product offerings. Sales at Image Magazine, Club Oasis, Sheque…

MondayFeb 11, 2008 11:57 am

Spirit Exploration Inc. (SPXP.PK) Heading South in Pursuit of Gold and Silver

The mining of gold and silver has never been an easy or cheap road to hoe. But if a company can brave the whims of nature, governments and the capital markets there is gold in “them thar hills.” Spirit Exploration Inc., an exploration stage mining company, is currently working to obtain short term capital. Initial short term funding will be used to move the company forward on 2,100 hectares of historically profitable gold and silver mining concessions in place. The company is also currently working on paperwork to raise $20 million of asset backed capital for ongoing and future development…

MondayFeb 11, 2008 11:54 am

Spirit Exploration, Inc. (SPXP.PK) is "One to Watch"

Spirit Exploration, Inc. signed a letter of intent to joint venture a project with Franzosi S.A., an exploration company based in Quito, Ecuador. The project is called Maria Olivia, and the company has planned a four phase outline in order to extract minerals from the mine. Phase 1 commences startup exploration, Phase 2 the company will put its drill program into place, Phase 3 the company will begin underground extraction (mining), and in the final Phase 4, the company will begin construction of a 200 ton plant and mining extraction. The other project that the company is currently working on…

MondayFeb 11, 2008 11:34 am

ShazamStocks Featured Company: FundsTech Corporation (FNDS.OB) Receives Orders for U.S. Card Programs and Updates Company Activity

FundsTech Corp recently received orders for a series of U.S. card programs in the General Spend, Gift, and Teen markets that will be marketed and deployed to a vast network of retailers in the first quarter of 2008. The company offers financial services and provides prepaid debit cards to over 1 billion working customers worldwide who do not own bank accounts. This market alone is estimated at over $100 billion annually. The new card allows the employers to replace payroll checks for their un-banked workers, and enables employers to use the card where they now pay their employees in cash.…

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Month: February 2008