Blog - Page 3606 of 5667

MondayDec 06, 2010 9:15 am

Mainland Resources, Inc. (MNLU.OB) Reports Status of Oil and Gas Well in Mississippi

Mainland Resources, Inc. reported that a well that the company is drilling in Mississippi has reached the Haynesville Shale, the formation the company was targeting. Mainland Resources reported that the drilling has reached the top part of the Haynesville Shale at 20,078 vertical feet. Mainland Resources, Inc. plans to log the well and evaluate the prospectively of the Haynesville Shale using resources from inside and outside the company. The company is also evaluating the Haynesville Shale formation in Mississippi, which is outside the traditional area that the exploration and production industry has been developing. Mainland Resources believes that the region…

MondayDec 06, 2010 9:11 am

Hennessy Advisors, Inc. (HNNA.OB) Announces Fully Diluted Earnings per Share of $0.16 for Fiscal Year Ended September 30, 2010

Hennessy Advisors, Inc. announced on Friday fully diluted earnings per share of $0.16 for the fiscal year ended September 30, 2010. Earnings increased over 633 percent versus the prior fiscal year, which were a loss of $(0.03) per share. The increase in earnings is due to assets under management and a reduction in fixed costs. Total assets under management decreased slightly from the beginning of fiscal year 2010 to the end ($923 million on Sept. 30, 2009 to $892 million on Sept. 30, 2010). The average level of assets during the entire year was $903 million. By comparison, during fiscal…

MondayDec 06, 2010 9:06 am

Can Lithium Reserves Support their Rising Automotive Fan Base?

The global market for lithium is valued at more than $4 billion a year, ultimately due to its extensive list of applications, which include batteries, specialty glass, lubricants, pharmaceuticals and lithium alloys. Lithium ion (Li-ion) batteries are the darling of electronics, and are the most widely used rechargeable battery in cell phones, computers, hybrid-electric cars and electric cars. Many auto manufacturers have taken notice of increasing demand and are working plans to build Li-ion battery-powered vehicles. As such, the market demand for lithium-powered vehicles is expected to grow five times by 2012. Ideally, the U.S. auto industry would have a…

MondayDec 06, 2010 9:02 am

LJ International (JADE) Reiterates Guidance, Highlights Company Expectations

LJ International designs, brands, markets and distributes a full range of jewelry through its ENZO stores in China, distributing to fine jewelers, department stores, national jewelry chains and electronic and specialty retailers throughout North America and Western Europe. On Friday, the company reiterated its fourth-quarter guidance for the fiscal year ended December 31, 2010. The company expects revenues to total approximately $42.5 million in the fourth quarter, an 8 percent increase from the year prior. LJ International said it expects fourth-quarter net income of approximately $3.8 million, or $0.13 per fully diluted share, up 44 percent on a per-share basis…

FridayDec 03, 2010 4:30 pm

RadNet, Inc. (RDNT) Completes Handful of Acquisitions to Increase Market Reach

RadNet Inc. is a national leader through its high-quality and cost effective fixed-site outpatient diagnostic imaging services. The company recently announced it has completed the acquisition of five imaging centers in Northern New Jersey, as well as a 50 percent stake in a sixth center, from Progressive Health LCC. Friday's announcement stems from a previous announcement in the third quarter of 2010, in which RadNet announced it signed an agreement to acquire substantially all of the New Jersey businesses of Progressive Health and related entities. RadNet will retain two key executive positions of Progressive Health to serve in management roles…

FridayDec 03, 2010 3:16 pm

American Shared Hospital Services (AMS) is “One to Watch”

Leveraging a 25-year track record, American Shared Hospital Services (ASHS) provides turnkey technology solutions for advanced radiosurgical and radiation therapy services. The company is recognized as the world leader in providing Gamma Knife® radiosurgery equipment, a non-invasive treatment for malignant and benign brain tumors, vascular malformations and trigeminal neuralgia (facial pain). ASHS also leads in the field of proton beam radiation therapy (PBRT), the next great growth opportunity in radiation oncology. The company is currently developing PBRT centers in Dayton, Ohio (Kettering Medical Center), Boston (Tufts Medical Center), Orlando (Orlando Regional Healthcare) and Long Beach, California (Long Beach Memorial Medical…

FridayDec 03, 2010 2:29 pm

Ivanhoe Energy Inc. (IVAN) Updates Drilling Program in China

Ivanhoe Energy Inc. reported that the company has reached total depth on two oil and gas wells being drilled on its properties in China. The wells are being drilled by Sunwing Energy Ltd., a wholly owned subsidiary of the company. Ivanhoe Energy Inc. said that the Zitgong-1 well reached a total depth of approximately 14,000 feet and was targeting the Xu2 formation. The company has cased and cemented this well. Ivanhoe Energy Inc. said that the Yixin-2 well reached a total depth of approximately 13,600 feet and was targeting the Xu3 formation. The company is placing casing into the Yixin-2…

FridayDec 03, 2010 2:25 pm

Cell Therapeutics, Inc. (CTIC) Files Appeal on FDA Decision for Pixantrone

Cell Therapeutics, Inc. (“CTI”) has filed a formal appeal with the Office of New Drugs in the U.S. Food and Drug Administration's Center for Drug Evaluation and Research to contest the decision from earlier this year on CTI’s New Drug Application (“NDA”) for pixantrone as a therapy for relapsed/refractory aggressive non-Hodgkin's lymphoma ("NHL"). CTI had requested accelerated approval of its pixantrone NDA for a patient group as there are no drugs currently approved in this clinical setting. A portion of the Office of Oncology Drug Products’ requested Complete Response Letter stated that CTI's prior clinical trial, PIX301, did not demonstrate…

FridayDec 03, 2010 12:06 pm

Small Cap Voice Featured Company: Oramed Pharmaceuticals Inc. (ORMP.OB)

Oramed is a pioneering pharmaceutical company primarily focused on developing proprietary oral drug delivery technology based on over two decades of research at Hadassah University Hospital’s Diabetes Unit in Jerusalem. The Company’s leading candidate ORMD 0801, an oral insulin capsule, promises to provide revolutionary advancement in the treatment of diabetes, having already demonstrated a very favorable safety profile in testing. With targeted blood glucose results meeting expectations it seems clear that ORMP has its hands on a proprietary gold mine. The global market for type 2 diabetes is quite large and this breakthrough represents a major boost to the standard…

FridayDec 03, 2010 12:01 pm

Small Cap Voice Featured Company: Car Charging Group, Inc. (CCGI.OB)

Car Charging Group, a provider of electric vehicle (EV) charging stations, is rapidly emerging as a vital component of the US Government’s overall strategy to create a clean, sustainable and energy independent America. Exploiting grants and tax incentives in conjunction with a business model which allows businesses/property owners a very easy-to-adopt solution, CCGI is positioning itself to become a major player in the domestic EV market. By providing charging stations to the site owner at no cost, CCGI has created a winning strategy that fuels proliferation of the technology through natural demand incentive. The site owner can share in the…

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