October 2010 - Page 22 of 33

TuesdayOct 12, 2010 8:43 am

Weikang Bio-Technology (WKBT.OB) Reiterates Fiscal 2010 Revenue Guidance of $55 Million and Net Profit of $21 Million

Yesterday, Weikang Bio-Technology released a statement targeting 2011 revenue growth to be 30% to 50% over 2010 revenue. The Chinese developer and manufacturer of traditional Chinese medicine products, Western prescription and over the counter pharmaceuticals and related health products also announced a 2010 revenue guidance of $55 million, a net profit of $21 million and earnings per share of $0.75. The company expects stockholders' equity to be $1.71 per share ($48 million). Weikang is preparing to launch five new therapeutics - two in the fourth quarter of 2010 and three in the first quarter of 2011. These are expected to…

TuesdayOct 12, 2010 8:39 am

China XD Plastics Company Limited (CXDC) to Increase Capacity at Plant in China

China XD Plastics Company Limited announced that the company is allocating capital over the next year to increase manufacturing capacity of plastics at its factory in China. The company said that it was taking the action due to increased demand for its products. “We are pleased to announce our capacity expansion plans in the context of the rapid growth of the auto industry in China and the Company's strengthening competitive position, said Jie Han, the CEO of China XD Plastics Company Limited. China XD Plastics Company Limited said that the company would spend $20 million to purchase equipment to be…

TuesdayOct 12, 2010 8:37 am

Big Bear Mining Corp. (BGBR) Reports Results of Exploration Program in Canada

Big Bear Mining Corp. announced the results of its mining exploration program at its properties in Canada. The company is conducting a preliminary assessment of the mineral potential of its claims. Big Bear Mining Corp. is working at the Red Lake project located in Western Ontario. The company is examining historical showings and conducting geological mapping at the site. Big Bear Mining Corp. owns claims at three blocks in the Birch-Uchi region of the Red Lake project. The company said that the results of the preliminary assessment indicate that the Shabu and the Sol D'Or Mine claims require further exploration.…

TuesdayOct 12, 2010 8:34 am

Beacon Equity Research Featured Company: Czech Republic Resource Corp. (CZHC.PK)

Czech Republic Resource is an investment and project management firm focused on acquiring and maximizing oil and gas production assets worldwide via a combination of highly localized expertise, experienced management, versatility, and modernization. Commensurate with this strategy, one major area of operations is Northwest Louisiana’s prolific Caddo/Pine Island Field (400M+ barrels to date), where the application of modern recovery techniques on existing leases has shown strong production results. Acquisition of additional assets from the 12k or so producing wells in the Caddo Field, which are characterized by archaic production techniques, is a viable element of CZHC’s growth strategy. Risk diversification…

TuesdayOct 12, 2010 7:32 am

Micro Identification Technologies, Inc. (MMTC.OB) Announces Upcoming Webinar Demonstrating the Ease of Use and Efficiency of Its Flagship Product

Micro Identification Technologies, Inc. announced before the opening bell this morning that it will conduct a Webinar later this month. The Webinar will demonstrate the speed and operational simplicity of performing bacteria identification (ID) tests using the MIT 1000 System as well as give a brief overview of the non-biological light scattering technology used. The Webinar will be conducted by MIT's Chief Technical Officer, Dr. David Haavig and will be open to anyone interested in learning more about the Company's System. "Using our patented light scattering technology for this application only became economically feasible with the creation of high speed…

MondayOct 11, 2010 3:30 pm

Golden Phoenix Minerals, Inc. (GPXM) Announces Purchase of Ra Resources Ltd

Golden Phoenix Minerals, Inc. reported that the company has signed an agreement to acquire Ra Resources Ltd., a mineral exploration and development company with properties in the Shining Tree project in Ontario, Canada. Golden Phoenix Minerals, Inc. will issue 3.5 million shares of its common stock in exchange for each outstanding share of Ra Resources Ltd. The company said that the deal is expected to close in late November 2010. The management of Golden Phoenix Minerals, Inc. said that the acquisition will allow further expansion into Canada. “The acquisition of Ra Resources and its portfolio of gold and base metal…

MondayOct 11, 2010 12:37 pm

Innotrac Corp. (INOC) Expects Business Development Activities to Improve Financial Performance

Innotrac Corp. is a technology-based, integrated fulfillment and solutions provider serving enterprise clients and global brands. The company announced today that it has launched key business development initiatives that are expected to deliver stronger revenues and improved operating results over the remainder of 2010 and into 2011. The company has built a team to enable a series of aggressive business development solutions that have grown Innotrac's pipeline and have resulted in several new client acquisitions that are expected to go live by year end. Innotrac has expanded its business development team with the addition of two executives with significant industry…

MondayOct 11, 2010 12:33 pm

Artificial Life, Inc. (ALIF.OB) Reports an Amazing 18 Million iPhone Downloads

Artificial Life, www.artificial-life.com – one of the leading names in AI (artificial intelligence) and mobile technology for over a decade, has become focused on mobile content/applications for 3-4G smartphones, like high-quality, 3D interactive, massively multiplayer games. Today the company reported excellent 2010 sales for iPhone™/iPod™/iPad™ titles. Game downloads as of Sept. 30, 2010, were over 10M, already exceeding all of FY09 results by a full 25%, with 35 produced games (25 based on licensed and branded intellectual property, 10 proprietary) sold globally in 89 countries: • Distribution by region – 47% North America; 33% Europe and Africa; 15% Asia Pacific;…

MondayOct 11, 2010 12:31 pm

Steele Resources Corp. (SELR.OB) Moves to Acquire Filipinni and Plumas Projects Rights

Steele Resources, www.steeleresources.com – the Nevada-based precious metals developer, today reported entry of its subsidiary, Steele Resources, Inc., into a letter of intent (LOI) with America's Gold Exploration, Inc. to acquire rights to the Filipinni and Plumas Gold Exploration projects. CEO of SELR, Scott Dockter, highlighted the Company’s aggressive efforts to identify and acquire projects where rapid evaluation of production potential could be assured, and cited the acquisition of these two projects – given pending satisfaction of LOI conditions – as examples of the skillful execution of SELR’s growth strategy. Dockter cited the “historic, all time high” of gold, initial…

MondayOct 11, 2010 12:25 pm

Cono Italiano, Inc. (CNOZ.OB) is “One to Watch”

Cono Italiano Inc. is the exclusive license holder for the North American Distribution and Manufacturing rights for "pizza cono." The pizza cono is a one-of-a-kind, drip-free, cone shaped pizza made from proprietary dough. The Company anticipates distributing the pizza cone to quick-service restaurants (QSR), takeaways, and leisure locations. These establishments include typical fast food chains, supermarkets, convenience stores, entertainment facilities and sports arenas. Recently, Cono Italiano, Inc. announced a strategic partnership with TurboChef, the leading manufacturer of high efficiency ovens. Cono Italiano and the Executive Chefs of TurboChef, under the partnership, rigorously tested and developed the ideal Turbo Oven settings…

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Month: October 2010