July 2010 - Page 25 of 31

ThursdayJul 08, 2010 9:54 am

Vantage Drilling Company (VTG) Buys Full Ownership of Offshore Rig

Vantage Drilling Company announced that it would purchase a 55% ownership interest in the Mandarin Drilling Corporation, giving the company full and complete ownership of the corporation. Mandarin Drilling Corporation is the owner of the Platinum Explorer, an ultra-deepwater drill ship that is being built by Daewoo Shipbuilding & Marine Engineering Co., Ltd. of South Korea. Vantage Drilling Company is paying approximately $139.7 million in cash and other consideration to F3 Capital for the 55% stake. The company originally invested $123 million in 2008 for a 45% ownership share of the Mandarin Drilling Corporation. Vantage Drilling Company will be responsible…

ThursdayJul 08, 2010 9:46 am

Key Energy Services, Inc. (KEG) Sells Two Businesses

Key Energy Services, Inc. has signed an agreement to sell two of its oil service businesses for $256.7 million in cash and other consideration. The deal is expected to close in the third quarter of 2010, and the company will record a pretax gain of $160 million as a result of the sale. Key Energy Services, Inc. said that the company would sell its Pressure Pumping and Wireline businesses to Patterson-UTI Energy (PTEN). These two businesses are currently part of the company’s Production Services segment. The Pressure Pumping business consists of approximately 214,400 hydraulic horsepower (HHP), with 85% of the…

ThursdayJul 08, 2010 9:44 am

American Pacific Group (APFC) Finds Consistency as it Moves Forward

The old saying that everything has to come from somewhere cannot be more apparent than in the specialty chemicals segment. These chemicals are the basis for just about every product manufactured in the world. If an investor can find a specialty chemicals company that is operating within the right sectors, they will have found a stable and reliable investment that will pay off. American Pacific Group, a specialty fine chemicals manufacturing and distribution company, works to produce pharmacutical chemicals and chemicals used in the manufacture of rocket booster fuels. The company also operates in the aerospace equipment business and other…

ThursdayJul 08, 2010 9:34 am

National Automation Services, Inc. (NASV.PK) Eyes National Growth

National Automation Services Inc., unlike many companies, has a remarkably specific plan for growth over the coming 1-2 years, a strategy that they have already implemented, and which is already benefitting their bottom line. NAS is considered a leader in advanced automation and control systems integration, developing and implementing sophisticated automated solutions for things like water and wastewater treatment, mining, pharmaceutical production, electric utilities, bottling, baggage handling, and semiconductor processing. Its installed customer base includes some of the biggest names in industry, such as Honeywell, Motorola, Chevron, and Coca-Cola. Based in Nevada, NAS is best known in the West, but…

ThursdayJul 08, 2010 9:31 am

Tombstone Exploration Corp. (TMBXF.OB) Gearing Up for Initial Production – Expects Interest From Major Mining Companies

Tombstone Exploration, an Arizona based exploration and mining company with the goal of producing metals and minerals at or below standard industry costs, controls one of the biggest mining properties in southern Arizona. It has mineral rights to roughly 11,500 acres of historical mining land near the historic town of Tombstone, Arizona, and is now the largest holder of land in the Tombstone Mining District. The company is rapidly positioning itself to capitalize on the increasing demand (and prices) for copper, zinc, iron, precious metals and other base metals. Initial geological studies have been completed, and indicate a high probability…

ThursdayJul 08, 2010 8:49 am

H & H Imports Inc. (HNHI.OB) to Change Their Name

H & H Imports Inc. announced yesterday that their Board of Directors and shareholders holding a majority of their common stock approved a change in the Company's name to IBC Global, Inc. The Company has filed an information statement with the Securities and Exchange Commission (SEC) relating to the name change. The Company is a leading developer and distributor of products and services. They do this mainly through infomercials and other direct response channels of distribution. One of their subsidiaries, "Inventors Business Center, LLC" (IBC), was founded to capitalize on the significant number of products and product ideas that were…

ThursdayJul 08, 2010 8:41 am

Positron Corp. (POSC.OB) Video Chart for Thursday, July 8, 2010

POSC has been on a slide since the big move in April. It is now at a critical point where it needs to hold the support level of the 200dma from a technical standpoint. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=434 Let us hear your thoughts below:

ThursdayJul 08, 2010 7:47 am

Newport Digital Technologies, Inc. (NPDT.OB) Appoints Donald Danks to Chief Executive Officer Position

Newport Digital Technologies, Inc. today announced the appointment of Don Danks as the Chief Executive Officer (CEO). Bringing more than 25 years of public company senior management experience, Mr. Danks has specific expertise in financing and developing the business model for early stage public companies. Previously, Mr. Danks was the CEO for iMergent, Inc., an ecommerce software and services company listed on the American Stock Exchange. During his approximate 9-year tenure at iMergent, he oversaw annual revenue growth from $12 million to more that $150 million, improving the company's market capitalization from under $3 million to a high of approximately…

ThursdayJul 08, 2010 7:25 am

Consorteum Holdings Inc. (CSRH.OB) Welcomes New CFO

Consorteum Holdings, Inc. was pleased to announce this morning that Mr. Bill Smethurst C.A. has joined the company as Chief Financial Officer. Mr. Smethurst replaces Mr. Peter Simpson, who will remain with the company in a consulting role as a member of the finance team. Consorteum Holdings thanked Mr. Simpson for his loyal service over the past three years and for the contribution he will continue to make as part of the team. For the past five years, Mr. Smethurst has been employed as Chief Financial Officer of Sernova Corp., accepting responsibility for the company's financial and administrative matters since…

WednesdayJul 07, 2010 3:28 pm

China-Biotics, Inc. (CHBT) Announces Update on New Qingpu Facility

China-Biotics, Inc., a leading manufacturer of biotechnology products and supplements, engages in the research, development, marketing and distribution of probiotics dietary supplements in China, recently announced an update on the company’s bulk additive operation. China-Biotics reported an increase to 39 customers for bulk probiotics products and a production utilization increase of more than 60 metric tons on annual basis at the Qingpu facility. The company reached this mark during the quarter ended June 30, 2010. Among the 39 customers, four are animal feed producers and the remaining are dairy enterprises. China-Biotics develops and produces its proprietary product portfolio including live…

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Month: July 2010