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WednesdaySep 15, 2010 11:19 am

Puradyn Filter Technologies Inc. (PFTI.OB) Reports Record Sales for August

Puradyn, www.puradyn.com – developer of the puraDYN® bypass oil filtration system, reported record-breaking August sales today. With over $800k in sales, August was the best month the Company has seen since its inception 23 years ago. Demand for the puraDYN, which offers continuous cleaning of lubricating oil for internal combustion engines, hydraulics and transmission, really picked up throughout 2009 as the call for microfiltration for long operating interval, high oil usage engines in specific industries increased. President and COO of PFTI, Kevin G. Kroger, attributed the record-breaking sales to this obvious trend as more and more major applications of the…

WednesdaySep 15, 2010 10:42 am

Beacon Equity Research Featured Company: Grid Petroleum Corp. (GRPR.OB)

Grid Petroleum is an oil and gas production company based in Denver and focused on North America, with its international headquarters in London. Oil price volatility cannot change the fact that global energy demand continues to increase unabated, and GRPR is positioning itself to take advantage of this constantly rising energy demand from countries like China. With assets in Wyoming’s premier gas field, the Jonah Field, including the primary SE Jonah Prospect (8-15 trillion cubic feet estimated) in the Greater Green River Basin in the Rocky Mountains, GRPR is well-positioned with 4,000 acres of high-impact, substantially proven acreage with the…

WednesdaySep 15, 2010 10:39 am

Beacon Equity Research Featured Company: Superior Oil & Gas Co. (SIOR.OB)

Superior has carved out a nice position in the constantly developing oil and gas market, amassing some 8k acres in oil and gas leases between sites in Oklahoma and Texas: • Wolf Creek Prospect in Logan County • Windy Vista Prospect in Garfield County • Rio Blanca, Colorado Right of way and Leases A two pronged strategy forms the basis of SIOR’s operating agenda: • Constant research into undervalued and profitable leases in proven locations where major developers are active • Securing said leases while arranging partnerships with parties possessing working interest in order to develop multi-well drilling capacity By…

WednesdaySep 15, 2010 10:20 am

Uranium Energy Corp. (UEC) Moves Toward Initial Uranium Production

When U.S. based exploration and development company Uranium Energy Corp issued their earlier mid-year shareholder report, the company clearly outlined the progress recently made and where they hope to be by the coming year. In early June, UEC initiated wellfield development and construction at Palangana production area #1 in South Texas, with 110 injection and production wells to be drilled, cased, and completed. Concurrently, they also started drilling the disposal well for this first wellfield, which is now complete. The equipment, tanks, and pipes for the facility are already being installed. The site will feed the UEC’s recently acquired Hobson…

WednesdaySep 15, 2010 8:36 am

Big Bear Mining Corp. (BGBR.OB) Announces Major Exploration Program in Natrona County, Wyoming

Located in Tempe, Arizona, Big Bear Mining is an exploration and development company that is focused on the acquisition and development of gold and other precious commodity projects which demonstrate high probability for near term production. Today, Big Bear Mining announced details pertaining to an exploration program on Rattlesnake Hills claims in Natrona County, Wyoming. The claims, which were acquired five weeks ago, will potentially yield significant quantities of gold and other precious commodities and allow Big Bear Mining to gain national recognition. Since this acquisition, Big Bear Mining has contracted Cowboy Exploration to conduct management of the exploration efforts.…

WednesdaySep 15, 2010 8:14 am

Penn West Energy Trust (PWE) Updates Corporate Restructuring Plan and Drilling Activity

Penn West Energy Trust released updated information on its corporate restructuring and an operational update on its oil and gas exploration and development activities. Penn West Energy Trust is currently operating under an income trust business model and is moving over the next few quarters to an exploration and production business model. This conversion involves the reduction of its dividend and the redeployment of the funds into oil and gas exploration and development. Penn West Energy Trust has reduced the company’s future monthly dividend payments from $0.15 per unit to $0.09 per unit. The company has also applied to the…

WednesdaySep 15, 2010 8:13 am

Beazer Homes USA, Inc. (BZH) Reduces Expectations for Fiscal 2010 New Home Orders

Beazer Homes USA, Inc. lowered its financial guidance for new home orders for the current fiscal year due to lower than expected demand by customers in the wake of the weak economy. The management of Beazer Homes USA, Inc. had previously indicated that new home orders in fiscal 2010 would exceed the level of new home orders in fiscal 2009, when the company sold 4,205 homes. Beazer Homes USA, Inc. reported that through 6/30/2010, the company had received orders for 3,438 new homes, and expects to receive orders for between 700 and 800 new homes in the final quarter of…

WednesdaySep 15, 2010 8:08 am

Mexus Gold U.S. (MXSG.OB) Releases NI 43-101 Technical Report

Mexus Gold U.S. announced yesterday the release of the 43-101 technical report for the El Scorpio in Sonora, Mexico. The El Scorpio Prospects are in Sonora State in northern Mexico approximately 80 road kilometers northeast of Hermosillo, Sonora, Mexico near 29 degrees 25' North and 110 degrees 35' West. The Property is comprised of approximately 2800 hectares. The El Scorpio 43-101 technical report was prepared by Mr. Paul A. Pelke, SB, SM, California Registered Geologist with a private geological consulting practice located in Reno, Nevada. Mr. Pelke is a graduate of The Massachusetts Institute of Technology in 1971 with Bachelor…

WednesdaySep 15, 2010 8:04 am

Global Entertainment Corp. (GNTP.OB) Reports Net Loss of $2.6 Million

Global Entertainment Corp. announced its fiscal year end 2010 results, which proved to be lackluster for the integrated event and entertainment company. For the fiscal year ended May 31, 2010, the Company realized a net loss of $2.6 million, or $0.39 per share, compared to net income of $0.03 million, or $0.00 per share, for the prior fiscal year. Revenues were also down to $11.3 million compared to $13.2 million during the fiscal year ended May 31, 2009, a decrease of $1.9 million, or 14.2%. In 2010, contributing factors leading to this decline were the fluctuations in initial fees and…

WednesdaySep 15, 2010 8:02 am

The MICROWAVE VISION Group (ALMIC) Subsidiary ORBIT/FR, Inc. Posts a Whopping 26.9% Increase in Sales

The MICROWAVE VISION Group (NYSE-Euronext: ALMIC) announced that its subsidiary ORBIT/FR, Inc. (OTCBB: ORFR), has published first half and second quarter 2010 interim results. These results demonstrate a dramatic increase from the same time periods in the year prior. Sales were up by 26.9% to $16.5 million, and operating income increased to $1.09 million vs. a $0.53 million loss last year. ORBIT/FR provides Antenna, RCS and Radome measurement solutions for the defense, aerospace, telecommunication, automotive, academic and research communities. The Company delivers everything from sophisticated turn-key measurement systems to precision individual components. The MICROWAVE VISION Group, which owns 61.8% of…

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