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ThursdayApr 14, 2011 5:46 pm

EGPI Firecreek Inc. (EFIR) Announces Joint Agreement with Whitt Oil and Gas in Callahan and Shackleford Counties in Texas

EGPI Firecreek Inc., a provider of oil and gas production services, announced that it has entered into a joint agreement with Whitt Oil and Gas to conduct a series of rehabilitations on the three west Texas gas and oil wells that are owned by EGPI Firecreek Inc. and Whitt. Both companies are in agreement and are currently in process of proposing the recompletion of the Boyette and McWhorter proven zones in their wells, respectively. They are also planning to have the Young #1 well, which joins with McWhorter, converted into a salt-water disposal well to provide support for the McWhorter…

ThursdayApr 14, 2011 5:44 pm

LJ International Inc. (JADE) Inks Agreement to Raise $41M for Preferred Share in Enzo Subsidiary

LJ International Inc., a company engaged in the designing, branding, marketing and distribution of a full range of jewelry in China, North America and Europe, today announced it has entered into a definitive agreement for a private placement of shares of its indirect wholly owned subsidiary Enzo Jewelry Inc., with a pool of investors led by the private equity firms FountainVest Partners and Spring Capital Asia. Per the agreement, the Investors will make an initial investment of US$41.38 million, which includes an investment of US$31.40 million in newly issued ENZO shares and an acquisition of existing shares of ENZO from…

ThursdayApr 14, 2011 3:55 pm

Simulated Environment Concepts, Inc. (SMEV) Sees SpaCapsule as Leading a Trend

SpaCapsule, the flagship product of SE Concepts, may be the first product anywhere to fully encapsulate the idea behind a growing trend, what the company calls the Retail Relaxation Marketplace. SpaCapsule is the world’s foremost high-tech stress relief system, incorporating programmable water massage, audio/video stimulation, and aroma therapy, into a single self-contained unit. The product’s name is no accident. It is indeed like having a spa in a capsule. The company is quick to note that this isn’t just about a great new product. It’s about a movement that SpaCapsule is riding to every corner of the globe. It’s the…

ThursdayApr 14, 2011 12:50 pm

Inova Technology, Inc. (INVA) Continues to Complete Projects and Slashes Debt

Inova Technology, Inc. is an enterprise level Information Technology solutions provider specializing in providing proprietary RFID solutions, wireless networking, storage and security technology solutions and IT professional services. Inova operates through two subsidiaries, Desert Communications and RightTag. Desert is focused Information Technology and has contracts to supply IT services to IBM as well as provide IT services through many school districts. RightTag provides leading edge RFID solutions for many industries, and while the lesser revenue-generator for Inova, holds exponential growth potential as RFID technologies continue to become the mainstream. Today, it was announced that Desert Communications completed more than $1.4…

ThursdayApr 14, 2011 12:36 pm

SOKO Fitness & Spa (SOKF) Posts Record Results for Q32011, Affirms FY Guidance

SOKO Fitness & Spa Group Inc., an operator of fitness centers and beauty salons and spas in China, today announced its financial results for the third quarter of fiscal 2011, ended February 28, 2011. The company reported third-quarter revenue at $10.3 million, an increase of 27 percent over $8.1 in the third quarter of fiscal 2010. Gross profit increased 21 percent to $7.0 million, compared with $5.8 million in the comparable quarter of 2011. Gross margin was 68.2 percent for the third quarter of fiscal 2011, compared with 71.6 percent for the third quarter of fiscal 2010. Net income attributable…

ThursdayApr 14, 2011 12:34 pm

Gran Tierra Energy Inc. (GTE) Increases Capital Budget for 2011

Gran Tierra Energy Inc. announced an increase in its capital budget for 2011 as the result of a recent acquisition of oil and gas properties in South America. In January 2011, Gran Tierra Energy signed an agreement to acquire Petrolifera Petroleum Limited, an exploration and production company focused on operations in Argentina, Colombia and Peru. The company paid consideration of $195 million, including the assumption of debt. Gran Tierra Energy allocated an additional $55 million in capital spending in 2011, bringing the companywide total to $354 million. The company will distribute this additional capital across various properties, with 90% of…

ThursdayApr 14, 2011 12:32 pm

Microvision, Inc. (MVIS) Branches Out its R&D Footprint with Ideally-Located New Facility at Nanyang Technological University in Singapore

Microvision, developer of cutting-edge display miniaturization technology like the PicoP® platform for pico projectors, vehicle and wearable displays that interface with mobile devices, reported today the opening of a new R&D center at Nanyang Technological University (NTU), Singapore. This new research facility will be largely dedicated to perfecting applications of the Company’s PicoP® Display technology and will be staffed in short order by MVIS with roughly 25 engineers by 2012. This facility will also be handling the Company’s ongoing R&D of the over 500 issued/pending patents that make up MVIS’s industry leading technology portfolio and houses a fully customized laboratory…

ThursdayApr 14, 2011 12:30 pm

China Information Technology Inc. (CNIT) Garnered $36 Million in New Contracts in 2011 First Quarter

China Information Technology Inc. is a leading total solutions provider of geographic information systems, digital public security technology and digital hospital information systems in China. The company's software, hardware, systems integration and related services help its customers improve efficiency in information management. The company announced today that its newly signed contracts in the first quarter of 2011 were valued at $36 million. This is an increase of 17.6 percent compared to the same period last year. Its first quarter contract wins came from 26 provinces and provincial cities in China. Some of the most important contracts secured include: • $3…

ThursdayApr 14, 2011 9:39 am

Muscle Pharm Corp. (MSLP) Video Chart for Thursday, April 14, 2011

MSLP is making a nice climb off the bottom, but is pinned against a resistance level going into trading today. Technical traders will be watching for a break of the resistance level and another possible run towards the next resistance near 14 cents. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php Let us hear your thoughts below:

ThursdayApr 14, 2011 9:04 am

Vibra Bank (VBBK) Reports Strong Quarterly Earnings

Vibra Bank announced its unaudited financial results for the quarter ended March 31, 2011, with solid results driven by the company’s focus on its bi-cultural strengths. The bank focuses on serving the Hispanic business and professional market in San Diego County. "We are pleased to report an expansion of the profitability which we first achieved in the fourth quarter of 2010," Vibra Bank Chairman Enrique Schon stated in the press release. "Our continued success demonstrates the power of our bicultural focus, combined with local decision-making and a commitment to excellent service." For the quarter ended March 31, 2011, the bank…

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