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TuesdayNov 17, 2009 11:01 am

Conversion Services International Inc. (CVNS.OB) Posts Positive Trend for Q3, Nine-Month Periods

Conversion Services International Inc. provides consulting, data warehousing, business intelligence and information technology services to Global 2000 organizations and other businesses. The company today announced its financial results for the third quarter ended September 30, 2009. Conversion Services posted net income at $1.3 million, $1.2 million of which is attributable to common shareholders. This is compared to a net loss of $4.2 million and a loss of $4.4 million attributable to shareholders for the third quarter of 2008. Revenues for the third quarter of 2009 were $8.1 million, up $3.1 million, or 61.7 percent, from $5.0 million reported in the…

TuesdayNov 17, 2009 10:55 am

Omnicity Corp. (OMCY.OB) Riding the Broadband Wave

Omnicity Corp., known for bringing wireless broadband services to rural America, is on top of one of the biggest waves in telecommunications, the rapid expansion of broadband services outside of the traditional urban and suburban base areas. It goes without saying that the communications industry is the nervous system of today’s economy, generating global annual revenues of nearly $2 trillion. North America remains the largest telecommunications market, with revenues of over $½ trillion. Much of this, of course, is due to the continued growth of the Internet. Worldwide, there are now nearly 1½ billion Internet users. Data-intensive Internet applications such…

TuesdayNov 17, 2009 10:51 am

American Exploration Corp. (AEXP.OB) Adds Guggenheim Energy Opportunities to Expand Haynesville Project Partnership

Headquartered in Calgary, Alberta, American Exploration has developed a solid and experienced management team with the mission to exploit oil and gas opportunities that remain undeveloped. The young company took a major step towards enhancing their future with the addition of Guggenheim Energy Opportunities to drill and develop the Haynesville acreage in Mississippi. Guggenheim now joins forces with American Exploration and Mainland Resources, which was previously aligned with American, for the Haynesville Project. American and Mainland pooled their mineral leases, collectively totaling 13,225 acres. Guggenheim joins Mainland with an 8 percent working interest in the drilling and development of this…

TuesdayNov 17, 2009 9:18 am

As Time Warner and AOL Prepare to Split, 2007 Lawsuit May Haunt Them

After a lengthy partnership, Time Warner (TWX) and AOL are currently preparing to go their separate ways. While both companies hope for a smooth transition, a 2007 lawsuit filed by a small company Modavox (MDVX.OB) may significantly impact AOL and Time Warner valuations. Two years ago, Modavox sued AOL for patent infringement of their Behavioral Targeted Marketing intellectual property. Modavox is now asking for sanctions, and a recently released 8K third-party valuation may point to the seriousness of the issue, and its consequences for AOL. The issue will affect parent company Time Warner, as Modavox filed a suit against them…

TuesdayNov 17, 2009 9:11 am

Infinite Group, Inc. (IMCI.OB) Receives ISO 9001:2008 Certification

Infinite Group, Inc., a world-class IT services and solutions provider serving a range of government and commercial organizations, recently announced that the company has achieved a certificate of conformance certifying that its quality management system meets the requirements of ISO 9001:2008. The company’s ISO 9001:2008 certification was audited and certified by ABS Quality Evaluations, Inc., a global provider of expert management systems certifications. ISO 9001, an internationally recognized quality standard, ensures that a set of procedures cover all key processes in a given business and include monitoring processes to ensure their effectiveness, keeping adequate records, checking output for defects and…

TuesdayNov 17, 2009 9:08 am

EV Innovations, Inc. (EVII.OB) Becomes Friend to the Environment with the Conversion of its First Lithium-Ion Fully Electric Truck

Perhaps one of the most overlooked electric car companies is EV Innovations, Inc. With offices in North Carolina and Las Vegas, EV has begun to develop a global presence within the ever-growing Green Technology World which is vastly becoming a new trend in the 21st Century. In an attempt to take the next step in the marketplace, EV has developed the conversion of a 12,000 GVWR cab and Chasis truck to all electric lithium-ion. This fully electric truck can be used not only for everyday purposes, such as deliveries, load hauling and flat bed towing, but it has been designed…

TuesdayNov 17, 2009 8:45 am

VIASPACE, Inc. (VSPC.OB) Announces Q3 2009 Financial Results

VIASPACE Inc., a clean energy company providing products and technology for renewable and alternative energy, this morning reported its financial results for the third quarter ended September 30, 2009. Revenues totaled $1.23 million, including $1.06 million from the late-2008 strategic acquisition of Inter-Pacific Arts, Inc. (IPA), and $171,000 primarily from Ionfinity's military contracts for monitoring and detection systems. Gross profit for the quarter was reported at $473,000, including $455,000 related to IPA. Comparatively, third-quarter 2008 revenues were $99,000 and gross profit was $23,000. Operating expenses for the quarter declined to $1.05 million from $2.82 million as a result of lower…

MondayNov 16, 2009 3:21 pm

November 16th CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: ACTC, CVM, CHIP, ENZ, HYTM, IWEB, ONEZ, PHC, SIHI, SRCO Markets continued their strong performance this week in the absence of any major market driving earnings or economic reports, as the broad based buying that characterized the previous week continued and led to gains in all of the major indices. All told, the Dow added 2.5% on the week, gaining 247 points to close at 10,270, up 17.0% on the year. The Nasdaq posted a 2.6% gain on the week, closing at 2,167 to extend its yearly gains to 37.5%, while the…

MondayNov 16, 2009 2:39 pm

China XD Plastics Company (CXDC.OB) Up 49.43% Following Positive News

China XD Plastics Company is currently trading at $10.52 on volume of about 100,000 shares. The stock hit a high of $14.55 today and it is still up an impressive $3.48, or 49.43%, for the day. This company has been mentioned a couple times over the past few months in QualityStocks FREE Daily Newsletter. It was originally highlighted back on May 14, 2009 when China XD Plastics was trading for only $3.50 a share. Investors buying shares at that time have enjoyed a tripling of their investment. China XD Plastics, through its wholly-owned subsidiary Harbin Xinda Macromolecule Material, develops, manufactures…

MondayNov 16, 2009 2:33 pm

Small Cap Voice Featured Company: Lucas Energy, Inc. (LEI)

Lucas Energy, Inc. is a Houston, Texas based independent oil and gas company focused on identifying, evaluating and acquiring leasehold property interests, primarily in the Austin Chalk formation of the middle Gulf Coast of Texas, that are underperforming or have been shut-in or plugged and abandoned. Once acquired, the company revitalizes the properties by undertaking extensive re-entry and work-over procedures. These procedures include clean-up, repairs and treatments of the existing well bores and lateral extensions, as well as drilling new laterals into previously non-producing areas of the formation. By making tight field and operating management controls a priority, together with…

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