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FridayAug 13, 2010 1:14 pm

Comstock Mining Inc. (LODE) Reports Successful Appraisal of Lucerne Gold Prospect

Comstock Mining Inc. reported the successful drilling results of the company’s recent mineral exploration and development program in Nevada. The company is attempting to develop gold resources on its properties there. Comstock Mining Inc. is assessing the mineral potential of the Lucerne area, located at the Comstock Mine Project. The company drilled 51 reverse circulation holes comprising a total combined depth of approximately 29,000 feet. Comstock Mining Inc. said that 42 out of 51 reverse circulation holes contained “significant mineralized intervals” of a least twenty feet. An additional sixteen reverse circulation holes had intervals of at least one hundred feet.…

FridayAug 13, 2010 1:12 pm

Aurizon Mines Ltd. (AZK) Reports Second Quarter 2010 Results

Aurizon Mines Ltd. reported adjusted net income of $4.4 million, or $0.03 per share, in the second quarter ending 6/30/2010. The company earned adjusted net income of $3.9 million, or $0.02 per share, in the second quarter of 2009. Aurizon Mines Ltd. revises its income statement every quarter from the standard GAAP presentation and reports adjusted earnings. The adjustment excludes non-cash unrealized derivative gains and losses, which are considered not representative of the company’s operating performance. Aurizon Mines Ltd. reported after tax unrealized derivative gains of $0.9 million in the second quarter of 2010, and $9.7 million in the second…

FridayAug 13, 2010 1:10 pm

ClearOne Communications, Inc. (CLRO) Reports Second Quarter 2010 Financial Results

ClearOne Communications Inc. is a global communications solutions company that develops, manufactures and sells conferencing, collaboration, streaming media and connectivity systems for audio, video and web applications. The company occupies the number one position in the professional audio conferencing market with more than 50 percent of the global market share. The company today reported financial results for the second quarter ended June 30, 2010. For the first six months of 2010, revenue increased 25% to $18.3 million from $14.7 million for the same period of 2009. Net income was $570,000, or $0.06 per diluted share, versus a net loss of…

FridayAug 13, 2010 11:28 am

National Automation Services, Inc. (NASV.PK) is Looking for a Few Good Companies

National Automation Services could be satisfied to simply continue providing world-class process automation solutions to its customers in the western U.S. However, the company has made no secret of its higher ambitions. It has stated clear intentions to expand into other markets in the continental U.S., reducing its concentration in municipal water management and wastewater treatment. Specifically, they want to acquire select small to medium sized privately-held industrial application automation companies, becoming something of a central management hub for these local and regionally focused operations. What kind of acquisition targets are they going after? • Established business with a proven…

FridayAug 13, 2010 11:22 am

SkyPostal Networks, Inc. (SKPN.OB) Announces the Changing of their Name to SkyShop Logistics

One company that has started to capture the international market is SkyPostal Networks, Inc. While still a young company, SkyPostal has evolved into the largest private postal network in Latin American delivering more than 60 million mail items each month through its network. Today, in the hopes of taking another successful step, SkyPostal changed their name to SkyShop Logistics. In changing their name, “SkyShop Logistics” hopes to capitalize on its efficient and low cost international delivery network and has already developed integrated shopping solutions that will allow US merchants an array of options. SkyShop’s solutions cater to both U.S. merchants…

FridayAug 13, 2010 8:39 am

Material Sciences Corporation (MASC.OB) Files Application Listing on the NASDAQ Capital Market

Material Sciences Corp., a global provider of material-based solutions for acoustical and coated applications, recently announced that the company has filed an application to list its common stock on the NASDAQ Capital Market. The NASDAQ listing application is subject to review and approval to ensure compliance with all NASDAQ Capital Market Standards. Clifford D. Nastas, chief executive officer of Material Sciences Corporation, stated, “We believe that the NASDAQ listing should enable us to increase the trading liquidity of our stock, broaden our shareholder base, and raise our profile in the investment community.” While the company intends to satisfy all of…

FridayAug 13, 2010 8:37 am

Shengtai Pharmaceutical (SGTI.OB) Retains DME Capital LLC to Expand Its Strategic Investor Relations Program

Shengtai Pharmaceutical, a leading domestic producer of pharmaceutical-grade glucose in China, recently announced that the company has retained DME Capital LLC to expand its strategic investor relations program. DME Capital, LLC is a full-service investor relations firm, representing growth oriented companies to the investment community. DME Capital’s investor relations services include financial community and media relations, editorial services and interactive communications, as well as administrative, consulting and advisory services. “As we continue to grow our operations, we believe this is the right time to send our message to the investment community,” stated Mr. Qingtai Liu chief executive officer of Shengtai…

FridayAug 13, 2010 8:31 am

NovaBay Pharmaceuticals Inc. (NBY) Posts Q2 Results

NovaBay Pharmaceuticals Inc. develops first-in-class, anti-infective compounds for the treatment and prevention of antibiotic-resistant infections. The company today reported second-quarter financial results and gave an update on the clinical progress of its in-house programs. NovaBay reported a second-quarter net loss of $1.2 million, or $0.05 cents per share, compared with a net loss of $289,000, or $0.01 per share in the second quarter a year ago. The company attributes the larger net loss primarily to increasing research and development expenses. As of June 30, 2010, the company reported cash, cash equivalents and short-term investments of $11.2 million, compared with $13.7…

ThursdayAug 12, 2010 3:19 pm

EV Energy Partners, L.P. (EVEP) Purchases Producing Oil and Gas Properties

EV Energy Partners, L.P. reported that the company has signed a deal to purchase producing oil and gas properties in the midcontinent area of the United States. EV Energy Partners, L.P. paid $123 million to Petrohawk Energy (HK) for properties in East Texas, and the Anadarko and Arkoma basins. The company said that the properties are producing oil and gas from several different formations. EV Energy Partners, L.P. said that the properties had current production net to the company of 15.5 million cubic feet equivalent per day. The estimated proved reserves totaled 74.5 billion cubic feet equivalent as of 7/1/2010.…

ThursdayAug 12, 2010 3:18 pm

Penn Virginia Corp. (PVA) Acquires Acreage in Eagle Ford Shale

Penn Virginia Corp. reported the purchase of acreage in South Texas that is prospective for the Eagle Ford Shale, marking the company’s first purchase in the Eagle Ford Shale. Settled with cash on hand, Penn Virginia Corporation acquired 6,800 net acres for $31.1 million. Penn Virginia Corporation said that the acreage is contiguous to the company’s existing acreage in the area. The new acreage comprises at least forty locations that can be used for horizontal drilling. The company said that the properties contain mostly oil. This was the company’s second acquisition over the last three months. In May 2010, Penn…

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