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FridaySep 24, 2010 8:03 am

Callon Petroleum Corp. (CPE) Reports Increase in Proved Reserves and Reaffirms Production Guidance

Callon Petroleum Corp. reported a strong increase in proved reserves of oil and gas compared to the end of 2009, and reaffirmed the company’s production guidance for the third quarter of 2010. Callon Petroleum Corporation reported proved reserves of 13 million barrels of oil equivalent at 9/1/2010, a 34% increase from the 9.7 million barrels of oil equivalent reported at 12/31/2009. The company said that 58% of the reserves were oil and the balance were natural gas. The management of Callon Petroleum Corporation attributed the increase to development of oil and gas properties in the Permian Basin of Texas and…

FridaySep 24, 2010 8:01 am

Neogen Corp. (NEOG) Reports Higher Sales and Net Income for First Quarter of Fiscal 2011

Neogen Corp. reported strong year over year increases in sales and net income in the first quarter of fiscal 2011. The company reported sales of $42.9 million in the quarter ending 8/31/2010, compared to sales of $32.3 million in the first quarter of fiscal 2010. Net income for Neogen Corporation came in at $5.8 million, or $0.25 per share, in the first quarter of fiscal 2011. The company reported net income of $4.4 million, or $0.19 per share, in the same fiscal quarter last year. The recent results continue a streak of seventy consecutive profitable quarters for the company. Neogen…

FridaySep 24, 2010 7:57 am

Earthstone Energy, Inc. (BSIC.OB) Announces New Prospective Exploration Partner in Banks Field

Earthstone Energy, Inc. (OTCBB: BSIC) announced today of a new development in their Banks Field project site. The Company’s majority partner in the Banks Field, Panther Energy Company, LLC. has sold its interest in the field, comprising nearly thirteen thousand gross mineral acres, to Brigham Exploration Company, (Nasdaq: BEXP), an oil and natural gas exploration company. Earthstone intends to participate in new wells proposed by Brigham or others that “pool or space” leasehold rights within spacing units they operate. This sale does not affect Earthstone's leasehold rights in the area. Brigham applies 3-D seismic imaging and other technologies to look…

FridaySep 24, 2010 7:57 am

Siga Resources Inc. (SGAE.OB) Announces the Appointment of Edwin Morrow

Siga Resources Inc. announced yesterday the appointment of Edwin Morrow to the Company's Board of Directors. This is to replace the vacancy created by the resignation of Mr. Arun Kumar as Director and President. Additionally, Mr. Morrow accepted the position of President and Chief Executive Officer (CEO). His knowledge and experience will help accelerate the development of Siga Resources Inc.'s mineral assets. Mr. Morrow reinforces Siga’s commitment to research, acquire and develop precious metal properties in Fiji and throughout North and South America. Mr. Morrow is an accomplished mining professional with more than 35 years of experience in the exploration…

ThursdaySep 23, 2010 3:22 pm

Looking for a Solid Investment? Consider Small Manufacturers of Medical Devices

Whether the recession is officially over or not, the medical device arena has suffered along with the rest of the market. In some instances, it has taken a hit even more so than other sectors. Quite simply, the number of procedures being performed is down, so, consequently, revenue numbers for most medical device manufacturers are as well. So, how can this article be based on the concept that medical device manufacturers could be considered a solid investment? Let’s explore the idea. For starters, let’s consider why procedures are down. A number of factors can be attributed, but one of the…

ThursdaySep 23, 2010 2:12 pm

Emerging Media Holdings, Inc. (EMDH.OB) Breaks Eastern European Market Share Record

Emerging Media Holdings, www.emergingmediaholdings.com – the US parent company of a trifecta of Moldovan radio/television broadcasting and related advertising subsidiaries, reported the achievement of a benchmark goal today with a commercial market share capture of 23.38%, specifically in the Capital City of Chisinau, the region’s most populated location. This new high water mark for the Company breaks all previous records, according to independent AGB Nielsen, who additionally noted that data market share for the whole of the Republic of Moldova also climbed to 10.37%, giving the Company even greater recognition and prominence. With two of the top three television and…

ThursdaySep 23, 2010 2:09 pm

MedClean Technologies (MCLN.OB) Expands Distribution Network via Agreement with Laspa Inc.

MedClean, the revolutionary developer of innovative on-site medical waste and confidential documentation disposal/destruction solutions, reported signing of a distribution agreement with Florida-based, minority-owned specialty distributor of emerging medical technologies Laspa Inc. today. Laspa was founded a decade and a half ago by some of the top players from a variety of Fortune 100 companies, all with vast experience in sales management, product development and marketing, and the resulting company is dedicated to a strategy of partnering with the most ethical and innovative client manufacturers, which makes MedClean a natural choice. The agreement augments MCLN’s market presence, bringing the total distribution…

ThursdaySep 23, 2010 1:46 pm

GMX Resources Inc. (GMXR) Video Chart for Thursday, September 23, 2010

GMXR is a chart currently playing out a classic double bottom. A solid support is being set up in the $4.00 area that must hold as we watch for volume and a move north. Please click the following link: http://www.qualitystocks.net/videocharts.php Let us hear your thoughts below:

ThursdaySep 23, 2010 11:38 am

Dynavax Technologies Corp. (DVAX) Commences Phase 1b Clinical Trial of Universal Flu Vaccine in Collaboration with Novartis

Dynavax Technologies Corp., a clinical-stage biopharmaceutical company, today announced it has begun to immunize patients in a phase 1b clinical trial of its universal flu vaccine candidate N8295, to evaluate the safety the drug when combined with Novartis’ investigational H5N1 avian influenza vaccine. Dynavax’s first step in the ongoing development of N8295 was establishing the safety of the candidate through preliminary phase 1a testing of the candidate standing alone, in which no dose limiting toxicities were identified. This has allowed the company to launch the phase 1b study six months ahead of schedule. The next step is to test the…

ThursdaySep 23, 2010 11:36 am

La Cortez Energy, Inc. (LCTZ) Reaches Depth on Exploratory Well

La Cortez Energy, Inc. reported that the Mirto-2 exploratory well has reached its total planned measured depth. The exploration well is located in the Maranta block in an onshore area of Colombia. The Mirto-2 exploratory well is in the Putumayo basin, and recently reached 11,590 feet in depth. The company was targeting several different hydrocarbon bearing zones including the N, U and T sands located in the Villeta formation. La Cortez Energy, Inc. reported that the well found oil and gas pay in the N and U sands at a depth of 11,235 feet, but no significant oil and gas…

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