Blog - Page 3624 of 5633

TuesdayOct 12, 2010 9:52 am

La Cortez Energy, Inc. (LCTZ) Issues Operations Update on Well in Colombia

La Cortez Energy, Inc. issued an operational recap on the company’s oil and gas activities in South America, where it is exploring and developing several areas in Colombia. La Cortez Energy, Inc. is participating in the Mirto-2 well being drilled by Emerald Energy PLC, its partner on the well. The company has previously detected oil and gas shows in the Villeta N and Viletta U sands at depths of approximately 10,000 to 11,000 feet The Mirto-2 well produced an average of twenty-nine barrels of oil per day from the Viletta U sands. The company considers this production to be below…

TuesdayOct 12, 2010 8:47 am

BioShaft Water Technology Inc. (BSHF.OB) Provides Corporate Update

Yesterday, BioShaft Water Technology Inc. provided a corporate update on their activities throughout 2009 and in 2010. During the second quarter of 2010, they completed a $500,000 financing. The financing was from equity investment of common shares priced at $0.15. The money is being used for working capital purposes. The Company completed the installation of a demonstration plant for the Municipality of Sharjah, United Arab Emirates (UAE). The plant continues to operate in accordance with their specifications as reported by a licensed independent laboratory. The basis of the reports is the data collected during the plant’s six months of operation.…

TuesdayOct 12, 2010 8:43 am

Weikang Bio-Technology (WKBT.OB) Reiterates Fiscal 2010 Revenue Guidance of $55 Million and Net Profit of $21 Million

Yesterday, Weikang Bio-Technology released a statement targeting 2011 revenue growth to be 30% to 50% over 2010 revenue. The Chinese developer and manufacturer of traditional Chinese medicine products, Western prescription and over the counter pharmaceuticals and related health products also announced a 2010 revenue guidance of $55 million, a net profit of $21 million and earnings per share of $0.75. The company expects stockholders' equity to be $1.71 per share ($48 million). Weikang is preparing to launch five new therapeutics - two in the fourth quarter of 2010 and three in the first quarter of 2011. These are expected to…

TuesdayOct 12, 2010 8:39 am

China XD Plastics Company Limited (CXDC) to Increase Capacity at Plant in China

China XD Plastics Company Limited announced that the company is allocating capital over the next year to increase manufacturing capacity of plastics at its factory in China. The company said that it was taking the action due to increased demand for its products. “We are pleased to announce our capacity expansion plans in the context of the rapid growth of the auto industry in China and the Company's strengthening competitive position, said Jie Han, the CEO of China XD Plastics Company Limited. China XD Plastics Company Limited said that the company would spend $20 million to purchase equipment to be…

TuesdayOct 12, 2010 8:37 am

Big Bear Mining Corp. (BGBR) Reports Results of Exploration Program in Canada

Big Bear Mining Corp. announced the results of its mining exploration program at its properties in Canada. The company is conducting a preliminary assessment of the mineral potential of its claims. Big Bear Mining Corp. is working at the Red Lake project located in Western Ontario. The company is examining historical showings and conducting geological mapping at the site. Big Bear Mining Corp. owns claims at three blocks in the Birch-Uchi region of the Red Lake project. The company said that the results of the preliminary assessment indicate that the Shabu and the Sol D'Or Mine claims require further exploration.…

TuesdayOct 12, 2010 8:34 am

Beacon Equity Research Featured Company: Czech Republic Resource Corp. (CZHC.PK)

Czech Republic Resource is an investment and project management firm focused on acquiring and maximizing oil and gas production assets worldwide via a combination of highly localized expertise, experienced management, versatility, and modernization. Commensurate with this strategy, one major area of operations is Northwest Louisiana’s prolific Caddo/Pine Island Field (400M+ barrels to date), where the application of modern recovery techniques on existing leases has shown strong production results. Acquisition of additional assets from the 12k or so producing wells in the Caddo Field, which are characterized by archaic production techniques, is a viable element of CZHC’s growth strategy. Risk diversification…

TuesdayOct 12, 2010 7:32 am

Micro Identification Technologies, Inc. (MMTC.OB) Announces Upcoming Webinar Demonstrating the Ease of Use and Efficiency of Its Flagship Product

Micro Identification Technologies, Inc. announced before the opening bell this morning that it will conduct a Webinar later this month. The Webinar will demonstrate the speed and operational simplicity of performing bacteria identification (ID) tests using the MIT 1000 System as well as give a brief overview of the non-biological light scattering technology used. The Webinar will be conducted by MIT's Chief Technical Officer, Dr. David Haavig and will be open to anyone interested in learning more about the Company's System. "Using our patented light scattering technology for this application only became economically feasible with the creation of high speed…

MondayOct 11, 2010 3:30 pm

Golden Phoenix Minerals, Inc. (GPXM) Announces Purchase of Ra Resources Ltd

Golden Phoenix Minerals, Inc. reported that the company has signed an agreement to acquire Ra Resources Ltd., a mineral exploration and development company with properties in the Shining Tree project in Ontario, Canada. Golden Phoenix Minerals, Inc. will issue 3.5 million shares of its common stock in exchange for each outstanding share of Ra Resources Ltd. The company said that the deal is expected to close in late November 2010. The management of Golden Phoenix Minerals, Inc. said that the acquisition will allow further expansion into Canada. “The acquisition of Ra Resources and its portfolio of gold and base metal…

MondayOct 11, 2010 12:37 pm

Innotrac Corp. (INOC) Expects Business Development Activities to Improve Financial Performance

Innotrac Corp. is a technology-based, integrated fulfillment and solutions provider serving enterprise clients and global brands. The company announced today that it has launched key business development initiatives that are expected to deliver stronger revenues and improved operating results over the remainder of 2010 and into 2011. The company has built a team to enable a series of aggressive business development solutions that have grown Innotrac's pipeline and have resulted in several new client acquisitions that are expected to go live by year end. Innotrac has expanded its business development team with the addition of two executives with significant industry…

MondayOct 11, 2010 12:33 pm

Artificial Life, Inc. (ALIF.OB) Reports an Amazing 18 Million iPhone Downloads

Artificial Life, www.artificial-life.com – one of the leading names in AI (artificial intelligence) and mobile technology for over a decade, has become focused on mobile content/applications for 3-4G smartphones, like high-quality, 3D interactive, massively multiplayer games. Today the company reported excellent 2010 sales for iPhone™/iPod™/iPad™ titles. Game downloads as of Sept. 30, 2010, were over 10M, already exceeding all of FY09 results by a full 25%, with 35 produced games (25 based on licensed and branded intellectual property, 10 proprietary) sold globally in 89 countries: • Distribution by region – 47% North America; 33% Europe and Africa; 15% Asia Pacific;…

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