October 2011 - Page 12 of 25

TuesdayOct 18, 2011 9:15 am

BenchMark Energy Corp. (BMRK) to Buy Minority Interest in Glycerin Producer

BenchMark Energy Corp. announced the acquisition of a minority interest in a company involved in the glycerin industry. BenchMark Energy executed an agreement to purchase a 49% ownership stake in Energy Partners, LLC, a renewable energy company headquartered in Indiana. The company has an option to purchase the balance of Energy Partners, LLC in 2012, with the terms and size based on IRS criteria. Glycerin is a byproduct created by the biodiesel production process. After further refinement, glycerin is used in many products in the pharmaceutical, cosmetic and food product industry. The company reported glycerin sales of $750,000 in the…

TuesdayOct 18, 2011 9:09 am

REE International, Inc. (REEI) Announces CEO Letter to Shareholders

REE International, Inc. today before the opening bell provided the following letter to the investment community from its CEO Tom Mackay. Dear Shareholders, It is my pleasure to discuss REE International's developments to date as well as our plans for the future as we prepare to enter 2012. I have recently been appointed to the CEO position and am entirely focused on leading the company in a new direction that is aimed at producing significant revenues and increasing shareholder value to the maximum potential. Additionally, I would like to emphasize management's determination and dedication to being transparent with our shareholders.…

TuesdayOct 18, 2011 8:55 am

All American Gold Corp. (AAGC) Uses Proximity Success Approach to Find Gold

All American Gold Corp., a gold property acquisition and exploration company, is focused on the state of Nevada, the primary gold state in the country, responsible for more than 75% of all the gold produced in the U.S. The company’s lead geological advisor, Richard Kern, has had exceptional success in identifying gold-rich properties in Nevada, including a 1.6 million ounce gold-equivalent deposit at Eureka. All American and their geological team have developed an experience-based strategy of identifying properties based on their specific proximity to historically successful producing mines, together with their favorable geology in relation to these neighboring exploration projects.…

MondayOct 17, 2011 4:40 pm

Synergy Resources Corp. (SYRG) Provides Status Update for Ongoing Wattenberg Field Operations

Synergy Resources, the domestic oil and gas developer currently focused on the D-J Basin (Denver-Julesburg) at the massive Wattenberg field, where the Company is executing its field development plan, has released new information detailing status updates on the Cletcher, Haythorn and Margil drilling programs. CEO of SYRG, Ed Holloway, outlined the good news for investors, explaining that plans were proceeding apace of expectations and that, not only does the track record leading up to this most recent report clearly confirm the success of the Company’s Wattenberg field strategy, the decision to focus on individual formations is a superb methodology. SYRG…

MondayOct 17, 2011 1:53 pm

REE International, Inc. (REEI) Announces Appointment of Tom Mackay as CEO

REE International, Inc. just announced that Tom Mackay has been named CEO, effective immediately. Mr. Mackay joins the company with executive leadership experience as well as expertise in the South American mining industry. Mr. Mackay founded Mackay Construction and grew the business into a multi-million dollar revenue producer. Following his successes in business, he acquired properties in Venezuela, Brazil, Bolivia, Guyana, and several other South America countries. Mr. Mackay has accumulated extensive experience in dealing with government authorities throughout South America. In addition to the full development of REE International's Venezuela property, Mackay's business plan includes acquiring additional properties throughout…

MondayOct 17, 2011 1:51 pm

Beacon Equity Research: Stagflation Worse than 1970s, says Jim Rogers

Speaking from Singapore, famed commodities trader Jim Rogers of Rogers Holdings urged investors to run from bonds and avoid a serious knock to your purchasing power during, what Rogers believes will be, the upcoming mother of all post-WWII inflation. For those who remember the ‘stagflation’ of the late 70s, now picture how the US would look after a double dose of the Arthur Burns/William Miller Fed policy of the 1970s hits the US economy today. Times were very bad then for those holding paper assets. And Rogers expects that we’ve seen nothing yet. “As the inflation numbers get worse and…

MondayOct 17, 2011 1:47 pm

Beacon Equity Research: Origin Agritech (SEED) on Watch

Origin Agritech, which is engaged in research and development, production and sales and marketing of crop seeds throughout China, last month reported weaker than expected third-quarter financial results due to a slow uptake for genetically modified seeds in China. Origin Agritech reported an 86% decline in third-quarter profit. The company posted a profit of $0.09 per share for the third quarter ended June 30, 2011. Its revenue for third quarter came in at $37.4 million. Analysts were expecting the crop seed company to report earnings of $0.75 per share on revenue of $75.87 million. The weaker-than-expected third-quarter financial results also…

MondayOct 17, 2011 1:45 pm

Beacon Equity Research: Anadys (ANDS) Skyrockets on Acquisition by Roche Holdings

Shares of Anadys Pharmaceuticals Inc., a biopharmaceutical company engaged in the development of medicines for the treatment of hepatitis C, are seeing a huge rally in today’s trading after the company agreed to be acquired by Roche Holdings AG. At last check, Anadys Pharmaceuticals shares were trading 250.96% higher at $3.65, with volume up from daily average of 431,946. Switzerland-based Roche agreed to acquire Anadys for $230 million in cash. The acquisition will boost Roche’s hepatitis franchise and broaden its business outside cancer medicine operations. Under the terms of agreement between the two companies, Roche will pay $3.70 per share…

MondayOct 17, 2011 1:06 pm

American Superconductor Corp. (AMSC) Unveils New Corporate Identity

American Superconductor Corp. today announced the formation of a new corporate identity, “AMSC.” The company has a new tagline as well: “Smarter, cleaner … better energy.” AMSC's wind and grid products have also been rebranded as Windtec Solutions and Gridtec Solutions. Boston, Ma-based AMSC is focused on providing sustainable energy through wind power, while also providing advanced grid systems. In 2011, AMSC will be showcasing products at China WindPower, where it will introduce its Wind-RT system, specifically for integration into existing Chinese squirrel cage induction generators. AMSC will also be exhibiting at Solar Power International 2011, with its SolarTie megawatt-class…

MondayOct 17, 2011 12:54 pm

Kirin International Holding, Inc. (KIRI) Launches Two Major Projects in China

Kirin International Holding, Inc., the largest private developer of residential mixed-use properties in Xingtai, China, today announced the launch of two major projects, Kirin Bay and No. 79 Courtyard, both of which recently obtained their Presale Permits from the Xingtai Administration Bureau of Real Estate. The Presale Permits marks a significant step in the company’s efforts to begin and complete the projects as it enables Kirin to contract with buyers. "Once Kirin obtained the Presale Permits for Kirin Bay and No. 79 Courtyard, the Company officially launched the marketing for these two major projects," Kirin CEO Longlin Hu stated in…

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Month: October 2011