February 2010 - Page 20 of 28

MondayFeb 08, 2010 4:22 pm

Magellan Petroleum Corp. (MPET) Reports Increase in Second Quarter Net Income

Magellan Petroleum Corp. reported net income of $1.6 million, or $0.03 per share, in the second fiscal quarter ending 12/31/2009. This was a strong improvement from the net loss of $525,000 or $0.01 per share, in the same quarter of 2008. The company also reported revenues of $9.7 million in the most recent quarter, a large jump from the $5.2 million reported in the same quarter of 2008. Oil revenue increased 72% in the quarter due to a higher price realized per barrel and favorable exchange rates. “Results for the second fiscal quarter represent an improvement over last year and…

MondayFeb 08, 2010 4:05 pm

China Jo-Jo Drugstores Inc. (CJJD.OB) Posts Q3 Increases across the Board

China Jo-Jo Drugstores Inc. operates through its affiliates as a retail pharmacy chain in China. The company today announced its financial results for the third quarter ended December 31, 2009, posting increases in revenues, gross profit and income from operations. The company posted revenues at $14.9 million, up 29.1 percent from the year prior, which the company attributes to a boost in same-store sales and quality products. “Our revenue increase in the fiscal third quarter ended December 31, 2009, was largely attributable to operating more stores and increasing overall same store sales,” Lei Liu, chairman and CEO of Jo-Jo Drugstores…

MondayFeb 08, 2010 2:37 pm

Fonix Corp. (FNXC.OB) Up 55.56% Following QualityStocks Coverage

Shares of Fonix Corp. are currently up 55.56% for the day following coverage in QualityStocks FREE Daily Newsletter. The stock is trading at $0.0028 a share, after hitting an intraday high of $0.003 a share. This upward move has occurred on incredibly massive volume of over 62 million shares! This is well above the average daily volume which is around only 166,000 shares. Fonix was just highlighted in the February 3rd edition of the QualityStocks Newsletter when it was trading for only $0.0017 a share – a near 65% gain in just a few short trading days. Fonix Corporation currently…

MondayFeb 08, 2010 2:33 pm

Simulated Environment Concepts, Inc. (SMEV.PK) Led by an Exceptional Executive Trio

Simulated Environment Concepts Inc. is a company best known for its SpaCapsule, a unique, award-winning relaxation machine. The SpaCapsule is a unique fusion of modern technology and ancient methods of healing, combining hydro-massage, aromatherapy and audio/visual stimulation. The company's executive team is committed to providing their customers with the highest quality and most cost-effective relaxation equipment that improves people's lives. The three members of Simulated Environment Concepts executive team are: Dr. Ella Frenkel, CEO and President After receiving her undergraduate degree from Temple University, Dr. Frenkel went on to become a licensed doctor of chiropractic in 1989 and practiced chiropractic…

MondayFeb 08, 2010 2:29 pm

NetSol Technologies, Inc. (NTWK) is an Ideal Solution Provider for Energy and Utilities, Including Green Energy

NetSol Technologies is a global leader in innovative, customized systems management solutions for manufacturing, equipment distribution and usage in the field, as well as financing and providing retail goods or services. With the capacity to bring a worldwide domain of specific subject matter expertise to bear on any given project, a proven industry track record, and the proprietary BestShoring™ methodology which yields highly customizable and region-neutral process capability, NetSol is the ideal choice for a custom-tailored solution that uses products, services and certified personnel specific to the industry and sector. NetSol fully supports the production and use of energy exploration,…

MondayFeb 08, 2010 1:46 pm

Triangle Petroleum Corp. (TPLM.OB) Acquires Acreage in North Dakota Bakken Shale Play, Partners with Slawson Exploration

Triangle Petroleum Corp. announced today the acquisition of 4,000 net acres in North Dakota’s McKenzie and Williams counties, as well as the introduction of a new strategic focus in ND’s Bakken shale play and a partnership with Slawson Exploration to acquire and develop sites from the Three Forks and Middle Bakken formations in the Williston Basin. An independent oil and gas exploration company founded in 2006, Triangle Petroleum also has 475k gross acres in Nova Scotia’s Windsor Block. CEO of TPLM Dr. Peter Hill declared the Bakken Shale to be the Company’s new core area of U.S. operations. This decision,…

MondayFeb 08, 2010 1:43 pm

Biopack Environmental Solutions Inc. (BPAC.OB) Enters Discussion to Expand Production Operations in Southern China

Biopack Environmental Solutions Inc. is a designer, manufacturer and supplier of 100% biodegradable consumer packaging products. The company manufactures these packaging products in China from locally available sugar cane waste called 'bagasse'. Biopack's unique line of packaging is sold in 12 European countries, North America, Hong Kong, Taiwan and South Africa. The company today announced that it has entered into discussions with local Chinese officials to expand its operations, with the development and construction of a new manufacturing facility in the southern Chinese province of Guangdong. Located a short distance from Biopack's current production operations, discussions are with the Jiangmen…

MondayFeb 08, 2010 1:41 pm

Deer Consumer Products Inc. (DEER) Secures Strategic Acquisition, Raises 2010 Guidance

China-based Deer Consumer Products Inc. is one of the world's largest designers and OEM/ODM manufacturers of home and kitchen electronics, which it markets domestically and internationally. The company recently acquired the assets of a leading regional kitchen electronics manufacturer focused on Chinese domestic markets. The two companies anticipate full integration by the second quarter of 2010, and the acquisition will be accretive to Deer’s 2010 earnings. The acquisition is expected to contribute about $20 million in sales and $2 million in net income for 2010. Deer also recently raised its 2010 revenue guidance to about $155 million, up from previous…

MondayFeb 08, 2010 1:37 pm

Richmont Mines Inc. (RIC) Readies Additional Canadian Projects, Sets 500,000 oz. Gold Production Goal

Once a company has a base formed it is in a solid position to set a course of its choosing. This is especially true when a company is operating in a product/commodity area that is currently at higher price levels. One must keep an eye on these types of investments. Richmont Mines Inc., an exploration and development company, focuses on the discovery, development and marketing of gold deposits primarily in Canada. The company currently operates at locations within Ontario, Quebec, Newfoundland and Labrador, Canada. The company is currently debt free and expects to remain in this position. The company controls…

MondayFeb 08, 2010 12:24 pm

Genta Inc. (GETA.OB) Begins Phase 2 Trial of Tesetaxel

Today, Genta Inc. announced that the company has begun treatment of the first subject in a new Phase 2 trial of tesetaxel, used in relation to advanced melanoma. The study was initiated at the Anderson Cancer Center in Houston, TX, the lead center for Genta’s last two clinical trials in melanoma that have enrolled approximately 1,100 patients. As a late Phase 2 oncology product, tesetaxel is the leading oral taxane currently in development. Unlike its competition, the tesetaxel capsule can be taken orally. The study will examine the effects of tesetaxel in patients with advanced melanoma who have already been…

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Month: February 2010