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FridayAug 06, 2010 4:59 pm

Canadian Zinc Corp. (CZICF.OB) Posts Quarterly and Half-Year Results

Canadian Zinc Corp. today posted its financial results for the three and six months ended June 30, 2010. For the six months ended June 30, 2010, Canadian Zinc reported net income of $2.578 million compared to a loss of $1.019 million for the first half of 2009. For the second quarter ended June 30, 2010, the company reported a net loss of $4.661 million compared to a loss of $722,000 for the three months ended June 30, 2009. As at June 30, 2010, the company had cash and cash equivalents of $6.997 million, short-term investments of $1.126 million and marketable…

FridayAug 06, 2010 12:35 pm

TechPrecision (TPCS.OB) Receives Multi Million Dollar LOI from Emerging Tier 1 Clean Tech Firm

TechPrecision Corp. (www.techprecision.com) – a leading provider of custom machined/fabricated high-precision metallic products targeting growth industries like nuclear, aerospace, defense, medical and alternative energy, reported reception of a multi-million dollar Letter of Intent (LOI) and Project Engineering purchase order yesterday (Thursday, Aug. 5) for several hundred thousand dollars from an emerging publicly traded Tier1 energy/industrial firm. CEO of TPCS, James Molinaro, quickly pointed out how this agreement bolsters the Company’s already prolific position in the rapidly growing clean technology vertical, and adds yet another Tier-1 firm to the ever-expanding base of TPCS customers. The Company has really proven its ability…

FridayAug 06, 2010 12:35 pm

Zoom Telephonics (ZTMP.OB) Ships New Low-Cost Wireless-N Router

Zoom Telephonics, Inc. (www.zoom.com) – established provider of a wide variety of communications products ranging from 3G modems/routers and Bluetooth to VoIP gateways, ADSL/DSL, cable, and dial-up modems (under the recognized Zoom, Hayes and Global Village brands), reported the first volume shipments of their Zoom Model 4402 Wireless-N Router yesterday, Thursday, August 05. President and CEO of ZMTP, Frank Manning, detailed the superior value of the Model 4402 at only $39, and highlighted the way in which the 4402 joining the Company’s already vast suite of wireless-N offerings represents an important addition for better serving market demand. The 4402, like…

FridayAug 06, 2010 12:34 pm

Spectral Molecular Imaging (CSDT.OB) CEO Featured As Guest on MoneyTV This Week

Dr. Daniel L. Farkas, CEO of Spectral Molecular Imaging, a wholly-owned subsidiary of Cascade Technologies, appeared this week on MoneyTV, describing the company’s proprietary technology, and outlining Spectral’s plan for developing a line of optical imaging devices for the early detection of cancer, particularly melanoma. The application of the company’s proprietary spectral-optical imaging technology, originally developed for satellite reconnaissance, is expected to advance the diagnosis of cancer and precancerous conditions. Spectral is focused on non-invasive imaging systems for diagnostics, especially in the field of cancer pathology. Using high-resolution imaging, the devices can analyze certain tissue, cellular, and even molecular features,…

FridayAug 06, 2010 9:18 am

Wescorp Energy (WSCE.OB) Upgraded Mobile H2Omaxx Unit Increases Capacity to 10,000 Barrels per Day

Wescorp Energy Inc. is a clean water technology company focused on implementing its low-cost solutions into several industry markets. These markets include the oil and gas industry where the company's goal is to successfully treat hydrocarbon-contaminated water. The company announced today that it has upgraded the design and increased the capacity of its H2Omaxx mobile hydrocarbon water remediation unit currently in production. In March, Wescorp reported it had entered into an agreement with K-Line Trailers Limited for the design and construction of a mobile 3,000 barrel per day commercial grade H2Omaxx unit. However, now K-Line is building the next generation…

FridayAug 06, 2010 9:17 am

Forbes Medi-Tech Inc. (FMTI.OB) Enters into Amended Agreement with MHT, LLC (MHT Exercises Their Right to Match Pharmachem Offer)

Forbes Medi-Tech Inc. (the Company) announced that MHT, LLC has exercised their "right to match" in respect of the offer of Pharmachem Laboratories, Inc. to acquire substantially all of the assets of the Company (the "Pharmachem Offer"), as announced in the Company's news release of July 29, 2010. Forbes Medi-Tech has entered into an amended agreement with MHT, in connection with the exercise by MHT of their right to match the Pharmachem Offer. The purchase price payable by MHT for the purchased assets has undergone an increase from approximately US$1.4 million to US$1.76 million, in each case subject to inventory…

FridayAug 06, 2010 9:16 am

Lexicon United Incorporated (LXUN.OB) to Acquire Pathworks PCO of Florida

One company that is starting to catch the attention of investors on Wall street is Lexicon United Incorporated. Located in Austin, Texas, Lexicon has built a name for themselves as a diversified holding company whose holdings include companies that specialize in collections and credit recovery. Yesterday, Lexicon took a major step towards enhancing their future with the acquisition of Pathworks PCO of Florida, Inc. Pathworks has earned a stellar reputation as a provider of HD television, next generation internet access, and carrier –class telephone services which are delivered via state-of-the-art fiber to home networks. Pursuant to this Merger Agreement, Pathworks…

FridayAug 06, 2010 9:16 am

Kodiak Oil & Gas Corp. (KOG) Releases Second Quarter Operations Update

Kodiak Oil & Gas Corp. released updated information on the company’s oil and gas operational activity in the Williston Basin in North Dakota. Kodiak Oil & Gas Corp. has approximately 34,000 net acres under lease in Dunn County, North Dakota. The company just completed the Moccasin Creek #1 well and reported production during the first 12 hours of 871 barrels of oil and 540,000 cubic feet of natural gas. The well is not stabilized enough to report an initial production rate. Kodiak Oil & Gas Corp. has five other wells in Dunn County either being drilled or waiting on completion.…

FridayAug 06, 2010 9:15 am

Janel World Trade, Ltd. (JLWT.OB) Secures New $3.5M Credit Line Facility

Janel World Trade, Ltd. (JLWT.OB), a global provider of integrated logistics and environmental services, including freight forwarding via multi-modal carriers, end-to-end, supply-chain technology, customs brokerage, warehousing and distribution, recently announced that the company has secured a $3.5M revolving line of credit with Community National Bank. This credit facility will provide the company with increased financial flexibility and capacity for future growth and profitability. This new credit facility provides more favorable terms and an interest rate that supports the company’s strategy for growth and continued focus on enhanced profitability. The credit line with Community National Bank is for a one-year term…

FridayAug 06, 2010 9:15 am

Gastar Exploration Ltd. (GST) Reports Second Quarter Of 2010 Results

Gastar Exploration Ltd. issued second quarter of 2010 financial results and an operations update on the company’s quarterly exploration and development activity on its oil and gas properties in the United States. Gastar Exploration Ltd. reported a net loss of $2.5 million, or ($0.05) per share in the second quarter of 2010, ending 6/30/2010. The company lost $2.4 million, or ($0.05) per share in the corresponding quarter of 2009. Both quarters included an unrealized loss from the company’s derivatives activity. Gastar Exploration Ltd. reported a sharp decline in production on a year over year basis. The company reported production that…

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