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MondayFeb 01, 2010 9:57 am

Sinobiopharma Inc.’s (SNBP.OB) Flagship Product Covered by China’s Basic Medical Insurance

Sinobiopharma Inc. is a fully integrated specialty biopharmaceutical company in one of the world's fastest growing pharmaceutical markets – China. Known as Dong Ying (Jiangsu) Pharmaceutical Company Ltd. in China, the company's current therapeutic focus is on cardiovascular drugs and anesthesia-assisted agents. The company announced today that the Chinese government has approved the company's flagship product, Ku Tai (Cisatracurium Besylate) for coverage under National Basic Medical Insurance, Employment Injury Insurance and Maternity Insurance. Sinobiopharma's flagship product, which has been on the market since 2006, had not been covered by any medical insurance before the Chinese government granted approval for its…

MondayFeb 01, 2010 9:29 am

Rentrak Corp. (RENT) Completes Major Acquisition

One company that is striving to become a global power is the Rentrak Corporation. Rentrak is a global digital media measurement and research company noted for serving the most famed companies in the entertainment industry. Headquartered in Portland, Oregon, Rentrak has a reach across numerous platforms throughout the entertainment industry including box office, home entertainment and on-demand television. Today, Rentrak took a major step towards enhancing the future of their company with the announcement that they have completed the acquisition of Nielsen EDI from The Nielsen Company. The deal with Nielsen was first announced in December of 2009 with the…

MondayFeb 01, 2010 9:22 am

Ebix, Inc. (EBIX) Anticipates Strong Fourth Quarter 2009 Financial Results

Ebix, Inc., a leading international supplier of insurance-related on-demand software and e-commerce services, recently announced that the company anticipates strong fourth quarter financial results for 2009. Ebix will release fourth quarter and full-year 2009 financials on or near March 8, 2010. After paying roughly $34.6 million in cash for two acquisitions (Peak and EZ Data) and the purchase of a new building in India during the fourth quarter of last year, the company’s year-end cash balance totaled approximately $19.1 million. In addition, management intends to resume its share buyback program under the previously Board-approved share repurchase program. “In recent times,…

MondayFeb 01, 2010 8:44 am

Hot Topic: The Year of the Roth IRA Conversion?

The number of Google searches for information about Roth IRA conversions has increased dramatically recently. In fact, search data reveals that the number of people searching for the phrase “Roth IRA conversions” more than tripled between January and November 2009. This surge in interest about Roth IRA conversions is hardly surprising considering that starting in 2010, all taxpayers, regardless of income, are eligible to convert tax-deferred retirement assets to a Roth IRA. Prior to the change, the law prevented taxpayers with household incomes above $100,000 from converting assets to a Roth IRA. If you are among the nearly 50% of…

MondayFeb 01, 2010 8:43 am

Getting the Right Mix

Almost one-third of investors say that none of their retirement savings is going into stocks, according to a recent online poll. Some of the respondents cited the current economic climate as a reason for the dearth of equities. It can be difficult to avoid emotional reactions to changes in the market, but a carefully considered long-term asset allocation strategy may help your retirement portfolio better endure volatility. After all, research suggests that over 90% of a portfolio’s performance is a direct result of how its assets are allocated. Asset allocation is the process of dividing your investment dollars among asset…

FridayJan 29, 2010 4:24 pm

Longwei Petroleum Investment Holding Ltd. (LPIH.OB) Up Nearly Sevenfold After QualityStocks Newsletter Coverage

Longwei Petroleum Investment Holding Ltd.’s shares have increased by nearly eightfold since the company was initially covered in QualityStocks FREE Daily Newsletter. Longwei was highlighted in the newsletter on April 6, 2009 when shares were trading at only $0.31. The stock is currently trading at $2.40 a share. Although down 4.6% today, an investment into Longwei Petroleum less than 10 months ago would have increased by nearly 700%. Longwei Petroleum is an energy company that engages in oil and gas operations in China. The company's operations consist of transporting, marketing and selling finished petroleum products such as diesel, gasoline, fuel…

FridayJan 29, 2010 3:51 pm

Baylake Corp. (BYLK) Reports Earnings for Fourth Quarter and Full Year 2009

Baylake Corp. announced net income of $678,000, or $0.09 per diluted share, for the fourth quarter of 2009. This was the fourth consecutive quarter of profitability for the company and represents a strong improvement from the fourth quarter of 2008 when the company lost $9.9 million. Baylake Corp reported a full year profit in 2009 of $4.3 million, or $0.55 per diluted share. In 2008, the company lost $9.9 million. Asset quality is also improving, with non-performing loans declining from $44.1 million at the end of 2008, to $28.7 million at the end of 2009. The 2009 total represents 4.38%…

FridayJan 29, 2010 2:36 pm

China Integrated Energy, Inc. (CBEH) Signs $52M Petroleum Contract

China Integrated Energy, Inc., an industry leading, privately owned provider of petroleum and clean energy fuels in the People’s Republic of China (PRC) announced yesterday that the Company has signed a large new contract with one of its existing customers. The contract, with an unspecified wholesale distributor located in the Sichuan Province (where refining capacity is limited), calls for delivery of 160k tons of petroleum products in 2010, a whopping 62k tons more than the previous year and representing an additional $52M in revenue. This new contract clearly showcases CBEH’s skillful execution of its growth strategy in wholesale distribution, breaking…

FridayJan 29, 2010 2:32 pm

VoiceServe, Inc. (VSRV.OB) Awarded Best of Show at ITEXPO East 2010

VoiceServe, Inc., the London-based developer of Voice over Internet Protocol (VoIP) Softswitch (software-based call connection) platform solutions and service provider, announced formally today that during last week’s TMC's ITEXPO East 2010 in Miami the Company received the coveted “Best of Show” award for “Best Service Provider Solution”. The ITEXPO is a major event for IP-based communications technology companies, and approximately 100 were on hand to exhibit their products this year when VSRV unveiled the new Vippie for Blackberry, a Session Initiation Protocol, or SIP software phone that lets users make calls over their Wi-Fi, 3G or EDGE connection. Session Initiation…

FridayJan 29, 2010 12:42 pm

Solarfun Power Holdings Co. Ltd. (SOLF) is “One to Watch”

Solarfun Power Holdings Co., Ltd. manufactures ingots, PV cells and PV modules as well as provides PV module processing services to convert PV cells into PV modules. Selling its products through third-party distributors, OEM manufacturers and directly to system integrators, the company produces both monocrystalline and multicrystalline silicon cells and modules. The company’s main focus is on bringing the best value to their customers by offering the latest advances in solar technology and vertically integrated manufacturing solutions. Backed by more than a decade of Electronic Manufacturing experience, Solarfun is committed to maintaining quality of the highest standard. Solarfun has achieved…

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