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FridayJul 08, 2011 8:50 am

Brenham Oil & Gas Corp. (BRHM) Signs LOI to Purchase Oil Field

Brenham Oil & Gas Corp. reported that the company has executed a letter of intent to acquire a producing oilfield in the United States. The agreement is subject to a due diligence review of reserve, production and other data on the property. Brenham Oil & Gas said that the property is located in the Permian Basin in Texas and consists of 200 oil wells situated on 5,000 acres of leasehold. The company will pay $6 million and commit to spending an additional $6 million for future development costs at the field. Brenham Oil & Gas will allocate the $6 million…

FridayJul 08, 2011 8:39 am

Penford Corp. (PENX) Posts Q3 Financial Results with Record Revenues in Both Segments

Penford Corp., developer of renewable ingredient systems for industrial and food applications, today reported its third quarter fiscal 2011 results, posting an increase in sales and a narrower loss. Penford operates through two segments: Industrial Ingredients and Food Ingredients. Consolidated sales for the quarter ended May 31, 2011, increased 38 percent to $85.2 million compared to consolidated sales of $61.9 million in the year ago quarter. The company attributes the increase to improvements in ethanol volumes and pricing. Consolidated income from operations for the third quarter increased to $2.5 million compared to an operating loss of $4.1 million in the…

FridayJul 08, 2011 8:33 am

Hutchinson Technology Inc. (HTCH) Posts Prelim Q3 Results, Shipping Expectations for Q4

Global technology company Hutchinson Technology Inc. yesterday reported its preliminary results for the third quarter of fiscal 2011, noting a shift in consumer demand and outlook for the upcoming quarter. For the three months ended June 26, 2011, Hutchinson said it completed roughly 118 million suspension shipments, reflecting a 15 percent increase over second-quarter shipments of 102.3 million. Net sales for the quarter were approximately $72 million, up 14 percent over second-quarter net sales of $63.3 million. Wayne Fortun, Hutchinson’s president and CEO, detailed the company’s expectations for the fourth quarter of 2011 based on changing industry demands. “Our shipments…

FridayJul 08, 2011 8:32 am

Augme Technologies, Inc. (AUGT) Launches New Branding Supporting Recent Growth

Augme Technologies, Inc., a strategic services and technology company for consumer and healthcare brands, recently announced the launch of its new brand, which includes visual and verbal expression of the company’s operations, reflecting the company’s 2011 milestones as it achieved a 700 percent increase in revenue over the previous year. The new brand showcases a simplified logo, “mSolutions for mMarketing,” reflecting its mobile solutions and products, mConsumer and mHealth. Augme launched its mobile marketing business more than six years ago, and recently achieved a milestone of quarterly revenue at approximately $1.0 million for the fourth quarter of fiscal 2011. The…

ThursdayJul 07, 2011 1:41 pm

Derycz Scientific, Inc. (DYSC) Subsidiary Signs Deal with Oriprobe Information Services, Inc.

Derycz Scientific, Inc., a provider of content re-use services and products primarily in the United States, has announced that’s its wholly-owned subsidiary, Reprints Desk, Inc., has signed an agreement with Oriprobe Information Services, Inc. This agreement will allow Reprints Desk to source and deploy Oriprobe’s collection of Chinese, Korean, Japanese, and other Asian journals. Derycz Scientific subsidiaries delivered out millions of articles to a surplus of 100 countries, including many in Asia, during the last fiscal year partly due to the growing demand for Chinese and other non-English content. "Major multinational corporations are increasingly seeking to consolidate content procurement services…

ThursdayJul 07, 2011 1:04 pm

Brenham Oil & Gas Corp. (BRHM) to Acquire Properties in the Permian Basin

Brenham Oil & Gas Corp. is an independent oil and gas company engaged in acquiring hydrocarbon properties. The company's focus is on two areas – the United States and internationally in locations such as sub-Saharan Africa. The company announced today that it has signed a letter of intent to purchase for $6 million an operating oil field including approximately 200 existing oil wells situated on 5,000 acres of the Permian Basin located in Midland, Texas. As part of the transaction, Brenham will also commit another $6 million to a development program for the purpose of substantially increasing the current production…

ThursdayJul 07, 2011 10:42 am

TechPrecision Corp. (TPCS) Receives $1.2 Million Order

Located in Center Valley, Pennsylvania, TechPrecision Corp. has quickly made a name for themselves by globally manufacturing large-scale, metal fabricated and machined precision components and equipment through its wholly owned subsidiaries, Ranor, Inc. and Wuxi Critical Mechanical Components Co. Today, TechPrecision took a major step towards prominence with the announcement they have received a $1.2 million order from the nuclear division of an existing customer. Leading the team at TechPrecision is James Molinaro whom serves as the company’s CEO. Commenting on what this order will mean to the future of TechPrecision, Mr. Molinaro was quoted as saying, "As a direct…

ThursdayJul 07, 2011 10:36 am

Miller Energy Resources, Inc. (MILL) Updates Alaska Drilling Program

Miller Energy Resources, Inc. issued an update to shareholders and the investment community regarding the company’s oil and gas exploration and development program in the United States. Miller Energy Resources is involved with a two well offshore workover program at the Redoubt Shoals Field in the Cook Inlet of Alaska. The company is attempting to stimulate additional production at these wells through the replacement of pumping equipment and well bore optimization techniques. Miller Energy Resources said that the workover of the RU-7 well was recently completed and the well was producing at an initial rate of 250 barrels of oil…

ThursdayJul 07, 2011 10:32 am

Applied Visual Sciences, Inc. (APVS) Video Chart for Thursday, July 7, 2011

APVS appears to be trying to hold a higher low after touching 13 cents in May. With yesterday's close at $0.16, the support level at $0.15 held again which will be a key area for technical traders as the pps looks to challenge resistance at $0.17. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts Let us hear your thoughts below:

ThursdayJul 07, 2011 9:33 am

Imperial Petroleum, Inc. (IPMN) Leverages a Diversified Business Model

Imperial Petroleum, Inc., headquartered in Evansville, Indiana, is a diversified energy company vested in traditional oil and gas exploration and production; biofuels, notably biodiesel; and non-traditional oil extraction from workable tar sands. In the first category, Imperial Petroleum operates – either through working interests or through leases – oil and gas wells in the Bernice Field in Union Parish, northern Louisiana; in the Coquilee Bay Field in Plaquemines Parish, Louisiana; in the Cotton Valley, Travis Peak and Pettit formations in the Bethany and Carthage fields in Texas; in Jack and Parker counties, Texas; and in the Claymour Field, Todd County,…

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