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FridayJan 21, 2011 9:32 am

GMX Resources (GMXR) Reports 2010 Production and Reserves

GMX Resources issued an operational update on its oil and gas exploration and development activities for 2010. The company reported major increases in production and proved reserves from its properties in the Haynesville and Bossier Shale. GMX Resources reported production of 17.5 billion cubic feet of natural gas equivalents during 2010. This was a 30% increase from the 13.5 billion cubic feet of natural gas equivalents produced in 2009. GMX Resources said that during the fourth quarter of 2010, the company brought eight new wells into production. GMX Resources reported total proved reserves of 234.1 billion cubic feet of natural…

FridayJan 21, 2011 9:29 am

American Riviera Bank (ARBV.OB) Announces More than $1 Million in Profit

Yesterday, American Riviera Bank announced unaudited net income of $1,024,000 for the year ended December 31, 2010. Their net interest margin was 4.75 percent for the year ended December 31, 2010. This is up from 3.97 percent for the same period last year. In 2010, the number of core deposit accounts increased 18 percent and the dollar amount of core deposits increased 11 percent to $95 million, a figure that represented 87 percent of total deposits as of December 31, 2010. Non-interest bearing demand deposits grew a notable 57 percent since December 31, 2009. Average loan balances for the year…

FridayJan 21, 2011 9:27 am

World Energy Solutions (XWES) Uses Strategic Preparation to help Tedeshi Food Shops Secure Cost-Saving Electricity Contracts

World Energy Solutions Inc., a leading energy management services firm, yesterday announced that it has assisted Tedeschi Food Shops in securing new electricity contracts for 157 of its stores in Massachusetts. World Energy conducted a series of auctions on the World Energy Exchange to enable Tedschi to lock in competitive rates, providing the retailer with savings of approximately $400,000 over its previous rates. World Energy worked closely with Tedeschi to evaluate and understand appropriate energy needs. World Energy then collected usage data from all of Tedeshi’s Massachusetts locations and synthesized that information into electronic RFPs marketed to the supplier community,…

FridayJan 21, 2011 9:25 am

Latino Social Network Quepasa, Inc. (QPSA.OB) Approved for Listing on NYSE Amex

Quepasa Inc., the creator and operator of www.quepasa.com, an online social network for the Latino community, yesterday announced its common stock has been approved for listing on the NYSE Amex under the ticker symbol QPSA, effective January 21, 2011. "We expect our listing on the NYSE Amex to significantly enhance Quepasa's visibility, liquidity and suitability for a broader investment audience," John C. Abbott, CEO of Quepasa stated in the press release. "NYSE Amex offers a powerful global trading platform along with strong recognition and prominence in both the U.S. and the international markets in which we operate." Scott Cutler, executive…

FridayJan 21, 2011 8:44 am

Cyberlux Corp. (CYBL.OB) Video Chart for Friday, January 21, 2011

CYBL is breaking through long-term downtrend lines, recently climbing above the 50 dma on decent volume. We are now watching for continuation of the move and the holding of key support levels to see if a climb towards more resistance at $0.004 is in the near future. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php Let us hear your thoughts below:

ThursdayJan 20, 2011 2:41 pm

Cyalume Technologies, Inc (CYLU.OB): Small Cap, Small Float, Big Potential

Cyalume Technologies is a unique company that in recent years has positioned itself to capitalize on its market leading position in chemical light technology. • Exclusive supplier of high-margin disposable military-grade products • Leader in a new category of training and tactical ammunition that is displacing traditional “live” ammunition • Adding new advanced chemiluminescent products to expand addressable markets • History of financial strength with gross profit margins of ~50% and EBITDA margins of ~25% Cyalume Technologies is the global leader in chemiluminescent (chemical-light) technology, supplying militaries and safety markets around the world with innovative disposable light products. With manufacturing…

ThursdayJan 20, 2011 1:36 pm

China North East Petroleum Holdings Ltd. (NEP) Announces Purchase of Oil Field

China North East Petroleum Holdings Ltd. announced the purchase of an exploration and production company with the drilling rights on oil properties in Inner Mongolia. The deal is expected to close during the first quarter of 2011. China North East Petroleum Holdings Ltd. will purchase Sunite Right Banner Shengyuan Oil and Gas Technology Development Co., Ltd. for a total of $43.4 million in a combination of stock and cash. The company will pay $10.6 million in cash at closing and issue 5.8 million shares of restricted common stock in exchange for a 100% interest in the company. The Sunite Right…

ThursdayJan 20, 2011 1:25 pm

Rexahn Pharmaceuticals Inc. (RNN) Receives Additional Investment from Teva Pharmaceutical

Rexahn Pharmaceuticals Inc. is a clinical stage pharmaceutical company which is developing and commercializing potential best-in-class therapeutics for cancer, central nervous system disorders and other unmet medical needs. The company currently has three drug candidates in Phase II clinical trials: Archexin, Serdaxin and Zoraxel. The company announced today that Teva Pharmaceutical Industries (NASDAQ: TEVA) purchased 2,334,515 shares of Rexahn's common stock in a private offering for $3.95 million, or $1.692 per share. Even though news of Teva's investment into Rexahn Pharmaceuticals pushed the company's stock higher, it is still trading below the price paid by Teva Pharmaceutical. The investment by…

ThursdayJan 20, 2011 12:46 pm

Tegal Corp. (TGAL) and se2quel Partners Gather Resources to Form Solar Utility Company

Today before the opening bell, Tegal Corp. announced that it has formed, together with se2quel Partners LLC, a new company focused on developing and operating large scale photovoltaic (PV)-based solar utilities in the United States, Latin America, the Middle East and Africa. se2quel Partners, under the leadership of Ferdinand Seemann, a solar technology expert and former Independent Director of Tegal, has developed a unique manner of developing, building and operating PV-based utilities on the scale of 1,000+ megawatts (1GW) to be cost competitive with conventional energy sources. Currently, the company has more than 10 active projects with major partners in…

ThursdayJan 20, 2011 12:28 pm

Radient Pharmaceuticals Corp. (RPC) Announces Updated European Union Certification for Onko-Sure®

Radient Pharmaceuticals Corp., a US-based company focused on researching, developing, and commercializing In Vitro Diagnostic cancer tests, announced earlier today that it has received CE-Mark approval from the European Union (EU) for the use of its Onko-Sure® In Vitro diagnostic (IVD) cancer test as a pan tumor marker for cancer. The Company's new CE-Mark Certificate for Onko-Sure® provides product access to 27 countries with a combined population of approximately 500 million. A simple, non-invasive, patent-pending and regulatory-approved test, Onko-Sure® is used to detect, screen and monitor various types of cancer. The test enables physicians and healthcare professionals to effectively monitor…

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