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WednesdayJul 21, 2010 1:03 pm

Mainland Resources, Inc. (MNLU.OB) Spuds Potentially Huge Mississippi Shale Gas Play

Mainland Resources, Inc., www.mainlandresources.com – the independent oil and gas explorer/developer/producer with its feet firmly planted in the world’s fourth largest gas field, the northern Louisiana Haynesville Shale play, and with its working-interest partners controlling some 17.5k net acres in Mississippi (on what MNLU considers a future major gas field), announced the commencement of drilling in MS on the Buena Vista Prospect. The Buena Vista Prospect has been the subject of considerable research and analytical explorative efforts, largely because its geographic location and analysis of extant deep well drilling in the region indicate a major resource cache, resulting in the…

WednesdayJul 21, 2010 12:54 pm

The Sky Is the Limit for VizStar, Inc. (VIZS.OB)

VizStar, DBA Celestial Jets, is a premier aviation charter broker focused on delivering a new and unparalleled way to experience private jet travel. The company delivers its unmatched service to customers without any membership or initiation fees, long-term commitments or capital requirement. VizStar does this while also delivering typical savings of 20-30% when compared to its competitors' solutions. With the acquisition of Celestial Jets, the company has access to nearly 6,000 aircraft worldwide through strategic vendor relationships and is in a position to broker private flights at any time on any day. Under its business plan, VizStar has a number…

WednesdayJul 21, 2010 10:49 am

HQ Global Education, Inc. (HQGE.OB) Reports Record Third Quarter Results

HQ Global Education Inc. provides customized training services to students through running its own private schools or cooperating with selected vocational schools in China. It is one of the leading providers of vocational education in China. By providing full-scale educational as well as job placement services, the company generates a recurring revenue stream. As of May 31, 2010, it operated 10 vocational schools and had more than 34,000 students from 22 Chinese provinces. The company today announced record results for its third quarter and nine months ended May 31, 2010. Revenues in the company's third fiscal quarter grew by 80.73%…

WednesdayJul 21, 2010 10:43 am

ClickSoftware Technologies Ltd. (CKSW) Reports Strong Revenue Growth

ClickSoftware Technologies Ltd. reported a decline in net income for the second quarter of 2010 on a year over year basis despite a strong increase in sales as the company was unable to convert the strong top line growth into higher profits. ClickSoftware Technologies Ltd. reported net income of $2.4 million, or $0.07 per diluted share, in the quarter ending 6/30/2010, compared to net income of $2.9 million, or $0.10 per diluted share, in the same quarter of 2009. ClickSoftware Technologies Ltd. reported sales of $17.6 million in the second quarter of 2010, a 22% increase from the $14.4 million…

WednesdayJul 21, 2010 10:40 am

Renasant Corp. (RNST) Reports Second Quarter Results

Renasant Corp. reported financial results for the second quarter of 2010 that were slightly higher than the year earlier period thanks to an improving economy. Renasant Corporation earned net income of $3.8 million and diluted earnings per share of $0.18 in the quarter ending 6/30/2010, compared to net income of $3.6 million and diluted earnings per share of $0.17 in the second quarter of 2009. The management of Renasant Corporation noticed an uptrend in economic activity in the company’s footprint during the quarter, with several large manufacturers restarting or expanding operations. “During the first half of 2010, the markets within…

WednesdayJul 21, 2010 10:37 am

National Automation Services, Inc. (NASV.PK) Using Strong Foundation to Grow National Network

The strength of National Automation Services Inc., nationally known provider of industrial controls and automation solutions, rests largely in the scope of its technical capabilities. The company specializes in custom controls, industrial automation, and systems integration, covering a remarkably diverse range of industries and applications. The technical services they provide are equally diverse, including: • Scada and PLC Programming • Radio Telemetry Studies • Project Management • Engineering and Design • AutoCAD • Field Service & Training • Custom Panel Fabrication • UL-508 & UL-698 Certified They can do this because of the breadth of human and technical resources they…

WednesdayJul 21, 2010 9:26 am

Lorus Therapeutics (LRUSF.OB) Approved to Commence Phase I Clinical Trials for Cancer Drug LOR-253

Lorus Therapeutics announced this week that their Investigational New Drug (IND) application has been approved by the United States Food and Drug Administration (FDA) to begin Phase I human trials of their cancer drug LOR-253. The human trials will begin with a dose escalation trial in advanced or metastatic solid tumors with LOR-253 to assess safety, profile, tolerability and antitumor activity in cancer patients as well as pharmacokinetic and pharmacodynamics properties of LOR-253. The Phase I trials will be hosted at Memorial Sloan-Kettering Cancer Center in New York City. LOR-253, formerly LT-253, has selective and potent antitumor activity in a…

WednesdayJul 21, 2010 9:15 am

China Linen Textile Industry, Ltd. (CTXIF.OB) Signs Lease on 23,000-Square Foot Production Facility

China Linen Textile Industry, Ltd., a China-based business engaged in the production and sale of linen yarn and various types of linen fabric, recently announced that the company has signed a lease on a new 23,000-square foot production facility. This new facility will allow the company to expand its linen yarn production capacity and add the capability to bleach linen fabric. The lease term is for a period of 12 months, which commenced on July 1, 2010. In addition, the leased facility includes a spinning production line with 3,000 spindles, bleaching machines and other equipment, which is expected to increase…

WednesdayJul 21, 2010 9:14 am

Ezenia! Inc. (EZEN.OB) Receives New Multi-Year Order

Ezenia! Inc. announced yesterday that they have received a new multi-year order from the United States Air Force. The order totals approximately $1M in licensing royalties for the Ezenia! flagship product line, InfoWorkSpace. The contract is in addition to the renewal Ezenia! received earlier this year. It allows for expanded support of Air Force Warfighters. Ezenia! Inc. is a leading market provider of real-time collaboration solutions for corporate and government networks and eBusiness. The contract provides additional InfoWorkSpace suite licenses to be employed within the Combatant Commands Air, Space and Coalition Air Operation Centers (AOC) and supports six active duty…

WednesdayJul 21, 2010 9:12 am

Keyuan Petrochemicals, Inc. (KYNP.OB) Plans to Generate $1.76 Million in Energy Savings per Year with Gas-fired Steam Boiler

Located in Ningbo, China, Keyuan Petrochemicals was established in 2007 and has been operating through its wholly-owned subsidiary, Keyuan Plastics. In this short period of time, Keyuan has evolved into a leading independent manufacturer and supplier of various petrochemical products. Today, the young company took a major step towards enhancing its future announcing they have commenced construction on a new gas-fired boiler. The project is intended to be completed by the end of November and will cost Keyuan USD $1.47 million. If successful, the gas-fired boiler will cut approximately 30% of all steam supply costs and save the company $1.76…

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