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FridayJul 23, 2010 3:43 pm

Virginia Heritage Bank (VGBK.OB) Posts Q2 Results Exceeding Internal Projections

Virginia Heritage Bank today posted its financial results for the second quarter ended June 30, 2010, with numbers surpassing initial internal forecasts. The bank reported second-quarter net income before taxes of $960,000, up from $265,000 for the same period in 2009. The company attributes the increase in net income primarily to the $1.1 million increase in net interest income representing strong balance sheet growth. Virginia Heritage reported significant balance sheet growth with total assets of $405 million at June 30, 2010, representing an increase of $114 million compared to total assets at June 30, 2009. Total gross loans were $344…

FridayJul 23, 2010 2:50 pm

Global Capacity (CGSY.OB) Restructures to Create a Solid Balance Sheet

Global Capacity, www.globalcapacity.com – the provider of unprecedented transparency in the worldwide access network market as a telecom information specialist and logistics company with a unique advantage (in that it can leverage a special collection of global telecom supply and pricing data), announced the start of a formal balance sheet and capitalization restructuring process today. This move will enable CGSY to become an even more competitive and profitable system with an improved market position through the organization of debt and past due payables, resulting in a much stronger balance sheet which will serve as an engine for organic growth and…

FridayJul 23, 2010 2:48 pm

TeleCommunication Systems (TCS) iPhone Navigational Product Wins 2009 Communications Solutions Product of the Year Award

TeleCommunication Systems Inc., a leading global provider of secure mobile communication technology, today announced that the Gokivo(R) Navigator iPhone application won the 2009 Communications Solutions Product of the Year Award from Technology Marketing Corporation (TMC). The Communications Solutions Product of the Year Award is given to companies displaying vision, leadership and thoroughness. "Gokivo Navigator turns any GPS-enabled mobile phone into a personal navigation device and TMC is pleased to recognize it as a 2009 Product of the Year Award," Rich Tehrani, TMC's CEO stated in the press release. "Congratulations to the entire team at TCS. I look forward to more…

FridayJul 23, 2010 12:42 pm

MMRGlobal, Inc. (MMRF.OB) Video Chart for Friday, July 23, 2010

MMRF is holding the 200dma and appears to be trying to make the next leg up. The indicators are positioned and now we are looking for some volume to push through the resistance described in the video while, most importantly, holding support levels. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=446 Let us hear your thoughts below:

FridayJul 23, 2010 12:42 pm

eDoorways Corp. (EDWY.PK) Video Chart for Friday, July 23, 2010

We revisited the EDWY stock chart today. Since our last interpretation video, the stock has held the support level at $.0015 and made a new higher low as it is now perched against the resistance at $.0025. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=447 Let us hear your thoughts below:

FridayJul 23, 2010 12:38 pm

Exterra Energy, Inc.’s (EENI.OB) East Texas Operation Projected to Generate $700k/month

Exterra Energy, Inc., www.exterraenergyinc.com – the oil and gas exploration/production firm out of Amarillo, Texas which is pursuing a shrewd growth strategy through the acquisition of undervalued properties, announced a milestone in its East Texas package with the closing of 31 wells on 12 leases in the Woodbine Formation at the East Texas Field. An operational agenda announced in April projects the completion of the entire package as being just around the corner, and EENI’s closing on these wells will allow for immediate re-equipping and a projected net income of roughly $125k/month in 3-4 months after work-over. The package as…

FridayJul 23, 2010 10:32 am

Uranium Energy Corp. (UEC) Draws Expertise from Top Technical Team

Uranium Energy Corp., a growing exploration and development company targeting known uranium properties in Texas and the mountain states, has a technical team led by an internationally recognized uranium expert, together with some of the most experienced and successful professionals in the industry, a few of which are listed below. • Harry Anthony (Chief Operating Officer) – Mr. Anthony has been a professional engineer for 36 years, the last 30 of which have been at the forefront of uranium exploration and development. He is a pioneer of In Situ Recovery (ISR), an emerging extraction technology that is far more cost…

FridayJul 23, 2010 10:27 am

Double Eagle Petroleum Co. (DBLE) Closes on Oil and Gas Purchase

Double Eagle Petroleum Co. reported the closing of the company’s purchase of oil and gas assets in the Atlantic Rim area. The purchase price was $8.4 million, with an effective date of January 1, 2010. Double Eagle Petroleum Co. acquired acreage in three separate areas from SM Energy. The company purchased a 3.08% working interest in the Catalina field, a 12.6% working interest in the Sun Dog field and a 1.15% working interest in the Doty Mountain field. Double Eagle Petroleum Co. already owned portions of these three fields prior to the deal, and now owns 72.4%, 21.5% and 18%…

FridayJul 23, 2010 10:26 am

Mainland Resources, Inc. (MNLU) Spuds Well at Buena Vista Prospect

Mainland Resources, Inc. announced that the company has started to drill a well to test the potential of the Haynesville Shale formation on its acreage in Mississippi. The Burkley Phillips No. 1 well is located on the Buena Vista Prospect, and will be drilled to a total vertical depth of 22,000 feet. The company will use the results of the well to test a 2,500 foot section of the Haynesville Shale. Mainland Resources, Inc. was attracted to the prospect due to a previous well drilled by a major oil and gas company in 1981. The Chevron Long encountered an over…

FridayJul 23, 2010 8:49 am

COPsync Inc. (COYN.OB) Reaches Important Milestone with Software License Agreement

One company that is quickly evolving into a pioneer in their field is COPsync Inc. Located in Canyon Lake, Texas, COPsync is positioned to become one of the fastest growing software technology providers to law enforcement and emergency service professionals across the globe. Today, COPsync made a major announcement that they have reached an important milestone for their business. COPsync announced the implementation of the young company’s real-time information sharing technology for the Kinney County Sheriff’s Office in the state of Texas. This agency represents the 100th law enforcement agency that has signed a contract to implement COPsync’s state-of-the-art software.…

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