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FridayOct 08, 2010 8:31 am

Magnum Hunter Resources Corp. (MHR) Enters Second Joint Venture

Magnum Hunter Resources Corp. announced that the company has signed an agreement with a private exploration and production company to jointly develop acreage in Texas that is prospective for oil and gas. This is the second joint venture entered into by the company. Magnum Hunter Resources Corp. would not identify the other party in the agreement. The acreage is located in Gonzales and Lavaca Counties, and is prospective for several oil and gas bearing formations, including the Eagle Ford Shale. Magnum Hunter Resources Corp. said that agreement sets up an Area of Mutual Interest in these two counties within which…

FridayOct 08, 2010 8:26 am

Westmont Resources Inc. (WMNS) Announces Deal to Acquire Oil and Gas Leases

Westmont Resources Inc. announced that the company has signed an agreement to acquire additional oil and gas leases in West Virginia. Westmont Resources Inc. said that the acreage is prospective for the Marcellus Shale formation. The Marcellus Shale is a natural gas formation that underlies major portions of Pennsylvania, New York, West Virginia and several other states. The leases are located in Wetzel County, and comprise 1600 acres and 60 existing producing wells. Westmont Resources Inc. estimates that the potential reserves on the site are valued at $19.7 million. Westmont Resources Inc. said that the leases have enough room to…

FridayOct 08, 2010 8:25 am

Solar Energy Initiatives, Inc. (SNRY.OB) Announces Completion of 2.5 MWs of Power Purchase Agreements

Yesterday, Solar Energy Initiatives, Inc. announced that it has signed three Power Purchase Agreements with the Tennessee Valley Authority to construct 2.5 megawatts of photovoltaic projects. TVA has, under the agreement, promised to purchase all the power the completed systems produce. TVA will also obtain the associated environmental benefits of the green project. Solar Energy Initiatives will lead the development of the project, including designing the systems, installing and operating them. Solar Energy predicts that the projects will break ground in the first quarter of 2011, to be completed in the summer of the same year. These projects are expected…

FridayOct 08, 2010 8:22 am

Positron Corp. (POSC.OB) Comments on New Medical Radiation Bill Passed in California

Positron Corp. commented yesterday on the new medical radiation bill passed into law in the State of California. Governor Arnold Schwarzenegger of California last week signed a medical radiation protection bill (SB1237) into law. It paves the way for implementation of the first state law in the United States targeted at protecting patients from excessive radiation exposure received during CT scans and radiation therapy procedures. The law's passage comes on the heels of an overwhelming increase of reported incidents of patients being exposed to excess radiation both in California and throughout the U.S. SB 1237, which Governor Arnold Schwarzenegger signed…

FridayOct 08, 2010 8:14 am

Beacon Equity Research Featured Company: First Liberty Power Corp. (FLPC.OB)

First Liberty Power is a Nevada-based vanguard working to free the US from dependence on foreign oil through the domestic production of lithium/vanadium/uranium, while simultaneously developing an alternative clean energy infrastructure that doesn’t require imports. FLPC is targeting the lithium-ion battery for plug-in hybrid vehicles and electric vehicles as a primary market, with obvious secondary applications in portable electronic devices. By pushing the sustainable energy envelope via its 84-claim, 12.8k acre site in the brine-rich Clayton Valley, proximal to the largest lithium brine production facility in the US, FLPC is well-positioned to capitalize on the strong future of lithium. FLPC’s…

FridayOct 08, 2010 8:10 am

Beacon Equity Research Featured Company: eCrypt Technologies (ECRY.OB)

eCrypt Technologies has developed an impressive end-to-end information security solution that is specifically designed for wireless communications via a device-to-device architecture (as opposed to email-to-email or peer-to-peer). The Company, an Associate Member of the BlackBerry® Alliance Program, offers the powerful eCrypt email encryption software, designed specifically for BlackBerry smartphones, which provides unprecedented ease of use to the individual alongside total personal control over an ironclad solution for privacy via strong encryption. An Export Authorization with Mass Market Status, recognized by the Wassenaar Arrangement, allows eCrypt to export and re-export its software globally. All of this puts ECRY in prime position…

FridayOct 08, 2010 8:03 am

Daulton Capital Corp. (DUCP.OB) is “One to Watch”

Daulton Capital Corp. is a natural resource finance company focused on precious and base metals as well as oil & gas opportunities. With the primary objective of partnering with major and junior natural resource companies for option/joint venturing projects, Daulton Capital has formed an experienced management team with the expertise necessary to capitalize on the tremendous opportunities available in the natural resource sector today. The Company also aims to acquire resource projects and expand exploration while continuing to seek special situations and unique opportunities in under funded projects within the resource sector. When evaluating these opportunities, Daulton Capital keeps its…

ThursdayOct 07, 2010 1:29 pm

Lightyear Network Solutions, Inc. (LYNS.OB) Finishes SouthEast Telephone Acquisition

Lightyear Network Solutions, www.lightyear.net – via its wholly-owned subsidiaries, is a leading US provider of broad spectrum telecommunications services from local PRI and digital T1 to wireless and VoIP. The Company announced a further expansion into this market today, completing acquisition of SouthEast Telephone Inc.’s business assets. The $7.2M value of the transaction represents an acquisition multiple of 0.22 times SouthEast’s 2010 annualized run-rate revenue, and should generate over $30M in annual revenue. Revenue over the six-month (ending June 30, 2010) was $16.4M (SouthEast) and $22.5M (LYNS), or a combined/annualized run-rate revenue of $77.8M ($76M net of pro forma adjustments…

ThursdayOct 07, 2010 1:28 pm

Synergy Resources Corp. (SYRG.OB) Continues to Expand Wattenberg/D-J Basin Footprint with New Acquisition

Synergy Resources, www.SYRGinfo.com – the domestic oil and gas firm with primary operations in the resource-rich Wattenberg field in the Denver-Julesburg Basin, where the Company has leased some 17,147 gross acres (11.5k net), reported acquisition of additional properties in the Wattenberg. The properties were acquired for $1,017,435 from PEM (Petroleum Management, LLC and Petroleum Exploration and Management, LLC) which is actually controlled by officers and directors of SYRG, Ed Holloway and William E. Scaff, Jr., and consist of: • Six Producing oil and gas wells, and Two Shut-in oils wells (100% Working Interest; 80% Net Revenue Interest in both) •…

ThursdayOct 07, 2010 1:25 pm

Genesis Electronics Group, Inc. (GEGI.OB) Explores Development of Solar Rechargeable Batteries

Genesis Electronics Group Inc. is focused on both current state-of-the-art technologies and those that are rapidly emerging with great potential to make a significant impact on society. One such technology is solar energy. The company announced today that it has initiated steps for the development of solar rechargeable batteries in commonly used standard sizes such as AA, AAA, C, D, 9V. In addition, Genesis Electronics will also develop as well other specialized sizes that have the potential for use by the military and scientific devices. These batteries, unlike other rechargeable batteries in the market, will not be dependent on a…

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