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FridayMay 28, 2010 11:00 am

Minerco Resources, Inc. (MINED.OB) Signs Agreement to Acquire 6 Megawatt Hydroelectric Project in Honduras

Minerco Resources Inc. is a progressive developer, producer and provider of clean, renewable energy solutions in Latin America. The company announced today that it has entered into a definite agreement for the acquisition of a hydroelectric project known as “Chiligatoro Hydro-Electric” in Honduras. The agreement provides for the company to acquire 100% of the 6 megawatt project from the Honduran company Rota Inversiones. Rota will receive 18 million restricted shares of Minerco in three installments while the company is responsible for outstanding costs to date and ongoing expenses through final design and continued operations of the project. Minerco will provide…

FridayMay 28, 2010 10:58 am

eDoorways Corp. (EDWY.PK) Continues Adding Promised Features

eDoorways Corp., the rapidly developing vendor/consumer online network, has moved to a new and quicker pace for adding functionality to its site. As promised in their last shareholder conference call, they have initiated smaller releases to get requested features out more quickly without having to wait for completion of a larger release. Using this new approach, they’ve recently added offline text message notification, one of the most important new features. It allows vendors who cannot be online at all times to be automatically notified if someone on the eDoorways site has selected them to join a conversation. This new functionality…

FridayMay 28, 2010 8:09 am

La Cortez Energy, Inc. (LCTZ) Reports Drilling of Exploratory Well in Colombia

La Cortez Energy, Inc. reported that the company’s partner has begun drilling an exploratory well in Colombia. La Cortez Energy, Inc. has a 20% working interest in the well, which is being drilled by Emerald Energy Plc. La Cortez Energy, Inc. said that the Mirto-2 exploratory well is located on the Maranta Block of the Putumayo basin in the southwestern part of Colombia. The well will be drilled to a depth of 11,504 feet, and will test out 3 possible oil and gas bearing sands of the Villeta formation. Andres Gutierrez, the CEO of La Cortez Energy, Inc., said, “We…

FridayMay 28, 2010 8:08 am

Mayflower Bancorp, Inc. (MFLR) Reports Strong Increase in Net Income for Fiscal 2010

Mayflower Bancorp, Inc. reported net income of $313,000 or $0.15 per diluted share, for the fourth quarter of fiscal 2010, which ended 4/30/2010. The company earned net income of $305,000, or $0.15 per diluted share, in the corresponding quarter in 2009. Although net income for Mayflower Bancorp, Inc. was flat for the quarter on a year over year basis, the company reported much improved results for the full fiscal year. The company earned net income of $1.2 million, or $0.56 per diluted share, in fiscal 2010, compared to only $35,000, or $0.02 per diluted share, in fiscal 2009. The management…

FridayMay 28, 2010 8:05 am

Board of Directors of Farmers National Banc Corp. (FMNB.OB) Announces Management Succession

Yesterday, Farmers National Banc Corp.'s Board of Directors announced that, effective July 1, 2010, Mr. John S. Gulas will become President and Chief Executive Officer of both the Company and their wholly owned subsidiary, Farmers National Bank of Canfield. Mr. Gulas will succeed Mr. Frank L. Paden who will remain as Executive Chairman of both Boards of Directors. Mr. Paden has served at Farmers National Bank for more than 35 years. Mr. Gulas will also be appointed as an additional member of the Company's Board of Directors, again effective July 1, 2010. Mr. Frank L. Paden helped to create this…

FridayMay 28, 2010 8:03 am

ubroadcast, Inc. (UBCI.OB) Announces Name Change to “Santeon Group, Inc.”

ubroadcast, Inc., a facilitator of high-quality live and on-demand television and radio broadcasts, recently announced that the company will change its name to “Santeon Group, Inc.” The company has also filed an application with FINRA for a new common stock trading symbol and anticipates that the effective date for the planned new trading symbol to be announced in the very near future. This announcement is the result of the company’s recent merger with Santeon, Inc. The company is anticipating significant expansion opportunities with its software development, broadcasting activities and other technical services. This name change will reflect the new direction,…

FridayMay 28, 2010 8:02 am

Javo Beverage Company, Inc. (JAVO.OB) Appoints a New Chairman and Interim CEO

Yesterday, leading supplier of premium dispensable coffee and tea-based beverages Javo® Beverage Company, Inc. announced two new appointments: Ronald S. Beard as Chairman of its Board of Directors and Stanley L. Greanias as Interim Chief Executive Officer. In other news, Gary Lillian will continue as President, and Founder and former Chairman and Chief Executive Officer Cody Ashwell resigned from the Company and its Board of Directors to focus on a new business venture. Since 2004, Ronald Beard has been a director of the company, serving as the Chairman of the Compensation Committee and a member of the Executive Committee. Mr.…

FridayMay 28, 2010 7:59 am

Jamba Inc. (JMBA) Reports Net Loss and Outlines 2010 Goals

Jamba Inc. reported a net loss of $5.3 million, or $0.13 per diluted share, in the first quarter of fiscal 2010, which ended 4/20/2010. The company lost $10.2 million, or $0.19 per diluted share, in the same time period in 2009. Jamba Inc. also reported a decline in revenue on a year over year basis, from $88.9 million in the first quarter of fiscal 2009, to $80.4 million in the quarter that just ended. Comparable store sales fell in the first quarter of fiscal 2010 by 3.3% compared to the prior period. Jamba Inc. outlined the goals that the company…

FridayMay 28, 2010 7:54 am

Conn’s, Inc. (CONN) Reports Higher Gross Margin in First Fiscal Quarter

Conn’s, Inc. reported net income of $5.5 million, or $0.25 per diluted share, in the first quarter of fiscal 2011, which ended 4/30/2010. The company reported net income of $11.4 million, or $0.50 per diluted share, in the same quarter in fiscal 2010. Conn’s, Inc. said that sales in the first quarter of fiscal 2011 were $197.5 million, down from $239.9 million in the corresponding quarter in fiscal 2010. Despite the drop in revenue, Conn’s, Inc. reported a year over year increase in gross margin, which came in at 27.9% for the first quarter of fiscal 2011. Gross margin was…

FridayMay 28, 2010 7:49 am

Hana Biosciences, Inc. (HNAB.OB) Video Chart for Friday, May 28, 2010

HNAB has made two nice moves in the last two months. Now the stock is back down on support and yesterday gave indication that another bounce is possible. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=407 Let us hear your thoughts below:

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