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FridayMay 28, 2010 3:27 pm

Solitron Devices Inc. (SODI.OB) Posts FY 2010 Results

Solitron Devices Inc. designs, develops and manufactures power hybrids and related devices for the aerospace and military market. The company recently posted its fiscal year financial results for the period ended February 28, 2010. Solitron reported net revenue of $7.723 million for the fiscal year ended February 28, 2010, a decrease of 8.7 percent as compared with a net revenue of $8.459 million for the prior fiscal year. The company attributes the decrease to broader economic turbulence, but noted that things may take a turn for the better. "We believe that the decline in revenue was due mainly to the…

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FridayMay 28, 2010 12:29 pm

China Recycling Energy Corp. (CREG.OB) Secures Partnership with Norwegian Government for Recycling Projects

China-based China Recycling Energy Corp., a leading industrial waste-to-energy solution provider in China, yesterday inked a strategic cooperation agreement with Norwegian government in new energy technologies and environmental protection projects. CREG chairman and CEO Guohua Ku met with the representative of the Norwegian government to sign the agreement in which the two entities will collaboratively promote the development of China's industrial energy conservation. CREG’s industrial recycling technologies are used by steel mills, cement factories and coke plants in China. Through recycling the company generates byproducts including heat, steam, pressure and exhaust to generate large amounts of low-cost electricity, thereby reducing…

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FridayMay 28, 2010 12:24 pm

Success Of Simulated Environment Concepts, Inc. (SMEV) is Based on Motivations of Founders

The stated goal of Simulated Environment Concepts Inc., makers of the SpaCapsule water massage and therapy system, is to offer the world a one-of-a-kind cost effective relaxation product that improves people’s lives while providing rewarding business opportunity for entrepreneurs everywhere. They talk about how “imagination at work” is a way of life, and how they’re “obsessive” in their pursuit of the next breakthrough. In other words, the company gets a lot of its energy and direction from some very deep-felt personal motivations, motivations that are easily traced to the company’s founders and key personnel. Dr. Ella Frenkel, President & CEO…

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FridayMay 28, 2010 11:10 am

East Coast Diversified Corp. (ECDC.OB) Welcomes Denkasan Telecommunications to GPS/RFID Channel Partner Program

East Coast Diversified Corp. announced today that subsidiary EarthSearch Communications International, Inc., www.earthsearch.us, has welcomed one of Turkey’s leading turn-key logistical solutions providers, Denkasan Telecommunications, as its newest member in the channel partner program. EarthSearch is known for its flagship LogiBoxx™ GPS/RFID hardware-level integrator which, when combined with EarthSearch’s proprietary Global Asset Tracking and Identification System (GATIS) platform, comprises a LogiBoxx Certified Solution set that enables real-time virtual presence across an entire supply chain. Able to communicate with active and passive tags as well as passive readers, the LogiBoxx offers a way to instantly view the entire tag architecture, including…

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FridayMay 28, 2010 11:08 am

Taiwan’s Foxconn (LSE: HHPD) to Raise Pay of Workers Following Suicides at China Plant

One company that has gotten attention for what they have done in the marketplace is the Chinese Company Foxconn. Part of Taiwan’s Hon Hai Precision Industry Co., Foxconn is the world’s largest contract manufacture of electronics. Foxconn is led by their CEO Terry Gou who founded the company in 1974; Foxconn has a long list of big-name customers which includes Apple Inc., Sony Corp., Dell Inc., Nokia Corp. and Hewlett-Packard. While Foxconn has made its mark in the business world, they have been decimated in the court of public opinion. The Taiwanese electronics company has been buffeted by an array…

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FridayMay 28, 2010 11:04 am

Atlas Pipeline Partners Ltd. (APL) Makes All the Right Moves at the Right Times

Investing in a commodity market means paying fairly close attention to commodity price, volume and those running the company. Management, in this sense, becomes just as important as what the actual commodity price is doing. An investor that can put the two aspects together, management and a rising commodity price, is one that may profit. Atlas Pipeline Partners Ltd., a gatherer, pipeline owner and processor of natural gas, operates and processes natural gas in primary natural gas production regions across the United States. The company has primary holdings in the Permian basin, Appalachian basin and into the north eastern US.…

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FridayMay 28, 2010 11:00 am

Minerco Resources, Inc. (MINED.OB) Signs Agreement to Acquire 6 Megawatt Hydroelectric Project in Honduras

Minerco Resources Inc. is a progressive developer, producer and provider of clean, renewable energy solutions in Latin America. The company announced today that it has entered into a definite agreement for the acquisition of a hydroelectric project known as “Chiligatoro Hydro-Electric” in Honduras. The agreement provides for the company to acquire 100% of the 6 megawatt project from the Honduran company Rota Inversiones. Rota will receive 18 million restricted shares of Minerco in three installments while the company is responsible for outstanding costs to date and ongoing expenses through final design and continued operations of the project. Minerco will provide…

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FridayMay 28, 2010 10:58 am

eDoorways Corp. (EDWY.PK) Continues Adding Promised Features

eDoorways Corp., the rapidly developing vendor/consumer online network, has moved to a new and quicker pace for adding functionality to its site. As promised in their last shareholder conference call, they have initiated smaller releases to get requested features out more quickly without having to wait for completion of a larger release. Using this new approach, they’ve recently added offline text message notification, one of the most important new features. It allows vendors who cannot be online at all times to be automatically notified if someone on the eDoorways site has selected them to join a conversation. This new functionality…

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FridayMay 28, 2010 8:09 am

La Cortez Energy, Inc. (LCTZ) Reports Drilling of Exploratory Well in Colombia

La Cortez Energy, Inc. reported that the company’s partner has begun drilling an exploratory well in Colombia. La Cortez Energy, Inc. has a 20% working interest in the well, which is being drilled by Emerald Energy Plc. La Cortez Energy, Inc. said that the Mirto-2 exploratory well is located on the Maranta Block of the Putumayo basin in the southwestern part of Colombia. The well will be drilled to a depth of 11,504 feet, and will test out 3 possible oil and gas bearing sands of the Villeta formation. Andres Gutierrez, the CEO of La Cortez Energy, Inc., said, “We…

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FridayMay 28, 2010 8:08 am

Mayflower Bancorp, Inc. (MFLR) Reports Strong Increase in Net Income for Fiscal 2010

Mayflower Bancorp, Inc. reported net income of $313,000 or $0.15 per diluted share, for the fourth quarter of fiscal 2010, which ended 4/30/2010. The company earned net income of $305,000, or $0.15 per diluted share, in the corresponding quarter in 2009. Although net income for Mayflower Bancorp, Inc. was flat for the quarter on a year over year basis, the company reported much improved results for the full fiscal year. The company earned net income of $1.2 million, or $0.56 per diluted share, in fiscal 2010, compared to only $35,000, or $0.02 per diluted share, in fiscal 2009. The management…

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