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WednesdayJun 30, 2010 2:01 pm

INFRAX SYSTEMS, Inc. (IFXY.OB) Finalizes Trimax Acquisition

INFRAX SYSTEMS, Inc. (IFXY), www.infraxinc.com – one of the world’s top providers of unified Smart Grid-related products and services to the energy and utility sectors, announced the completion of the acquisition of Trimax Wireless Inc., a leading developer of carrier-grade broadband wireless technology. CEO of IFXY, Paul Aiello, called the acquisition a “critical step” in the evolution and growth of the Company and pointed out how Trimax’s core competencies dovetail perfectly with IFXY’s operational profile, yielding superior capabilities, industry position and a clear competitive advantage, in addition to new revenue streams. Mr. Aiello praised Trimax’s innovative technological achievements and called…

WednesdayJun 30, 2010 1:38 pm

Solar Energy Initiatives, Inc. (SNRY.OB) Signs Letter of Intent for $4 Million Solar Project

Solar Energy Initiatives, Inc. announced today that it has signed a Letter of Intent (LOI) with a private developer to begin a $4 million turn-key solar project in Georgia. Per the agreement, Solar Energy will lead the project development effort including system design, installation, and operation of the proposed 1 megawatt (MW) of photovoltaic (PV) systems on site. The complete system will require approximately 4,500 solar panels and will reduce carbon dioxide emissions by 1,500 tons per year. Tentative dates set for the project are to break ground in the fourth quarter of this year with targeted completion being set…

WednesdayJun 30, 2010 1:35 pm

Simulated Environment Concepts, Inc. (SMEV.PK) Wows Europe, SpaCapsule Used For Weight Loss, Cellulite Reduction

Simulated Environment Concepts Inc., developer of SpaCapsule®, the world’s most advanced automated massage and wellness system, is enjoying exceptional success in Europe where the futuristic SpaCapsule is viewed as far more than simply the greatest massage and anti-stress system available. The company recently announced that its Netherlands distributor, SPA Lifestyle Group, is expanding its placement of SpaCapsule in Holland’s most prominent high-end hotels, with an emphasis on weight loss. Mr. Roel de Kanter of SPA Lifestyle commented on their view that SpaCapsule goes beyond being a wonderful personal relaxation system. “We are very happy to represent SpaCapsule in Holland. The…

WednesdayJun 30, 2010 1:29 pm

Genoil, Inc. (GNOLF.OB) Secures Breakthrough Patent and Provides Oil Spill Update

Located in Calgary, Alberta, Genoil has become a recognized leader for their state-of-the-art technology and for being a friend of the environment. Today, Genoil took a step towards enhancing its future with the announcement they have received a breakthrough patent for sand decontamination from the United States Patent Office. The patent recognizes Genoil’s unique positioning for the Gulf of Mexico disaster cleanup. Due to the research and development of Genoil, the sand decontamination patent has the potential to constitute a major advancement of the reactor design and offers a multitude of benefits to society and the marketplace. Coupled with this…

WednesdayJun 30, 2010 8:53 am

China Green Material Technologies, Inc. (CAGM.OB) Announces Increase in Expansion Capacity

China Green Material Technologies, Inc., a China-based manufacturer of starch-based biodegradable containers, tableware and packaging products, recently announced that the company’s new production capacity, which will increase annual production by 45 percent, will come online in the second half of 2010. In addition, the company plans to add new equipment in order to increase manufacturing efficiency and meet increasing market demand for its biodegradable consumer products. As a leading manufacturer of proprietary biodegradable food packaging materials technologies, China Green Material Technologies expects total revenue for 2010 to increase between 25 percent and 30 percent from the $13.4 million reported in…

WednesdayJun 30, 2010 8:52 am

MagneGas Corp. (MNGA.OB) Acquires Economic Interest in the European and African Markets

Yesterday, MagneGas Corporation announced that they have acquired economic interest in the European and African markets. The Company purchased 20 percent of MagneGas Europe for 250,000 shares of restricted stock. The legal name of MagneGas Europe is MagneGas Arc Applied Solutions Europe, or (MAASE). MAASE owns the exclusive intellectual property rights for the MagneGas™ Technology for Europe and Africa. MagneGas will participate in profit sharing for the European and African markets through periodic cash dividends, in addition to their equity ownership in MAASE. Ermanno Santilli, MagneGas Executive Vice President of International Relations, will also serve as CEO of MAASE. Mr.…

WednesdayJun 30, 2010 8:51 am

eCrypt Technologies (ECRY.OB) Receives Overwhelming Response at the F5 Expo

eCrypt Technologies, an information security firm with a focus on the wireless industry, recently announced that the company received the highest level of public interest at the F5 Expo held in Vancouver , BC on April 7, 2010. This data is based on the number of voluntary video testimonials that eCrypt Technologies received at the F5 media centre. The company received 400 percent more testimonials than any other conference exhibitor. F5 Expo is a forward-thinking resource meant to educate businesses on future trends within the online space. Brad Lever, chief executive officer of eCrypt Technologies, participated in a panel entitled…

WednesdayJun 30, 2010 8:50 am

Friedman Industries, Inc. (FRD) Reports Earnings for Fourth Quarter and Full Year 2010

Friedman Industries, Inc. reported net income of $1.06 million, or $0.16 per diluted share, in the fourth quarter of fiscal 2010. The company reported a loss of $0.3 million, or $0.04 per diluted share, in the corresponding quarter in fiscal 2009. Friedman Industries, Incorporated reported revenues of $23.3 million in the fourth quarter of fiscal 2010, up slightly from the $21.9 million in revenues reported in the fourth quarter of fiscal 2009. Friedman Industries, Inc. also reported a profit in fiscal 2010. The company reported net income for the year of $0.6 million, or $0.10 per diluted share. In fiscal…

WednesdayJun 30, 2010 8:46 am

OMNOVA Solutions Inc. (OMN) Reports Tripling of Net Income in Second Quarter

OMNOVA Solutions Inc. reported a strong increase in net income in its second fiscal quarter ending 5/31/2010. The company earned net income of $15.1 million, or $0.33 per diluted share, triple the net income of $5.1 million, or $0.12 per diluted share, that the company earned in the same quarter last year. OMNOVA Solutions Inc. also reported a sharp increase in revenues in the second fiscal quarter compared to last year. The company reported revenues of $226.4 million for the second fiscal quarter of 2010, compared to only $161.3 million in the same quarter in 2009. OMNOVA Solutions Inc. said…

WednesdayJun 30, 2010 8:38 am

Trico Marine Services Inc. (TRMA) Video Chart for Wednesday, June 30, 2010

Even with the Dow down nearly 270 points yesterday, TRMA closed up almost 4%. The TRMA chart is a classic pincher play setup that is looking to reverse. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=429 Let us hear your thoughts below:

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