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MondayJul 19, 2010 12:34 pm

RADA Electronic Industries (RADA) Tallies $3.1 Million in Q2 Product Orders

RADA Electronic Industries Ltd., an Israel-based defense electronics contractor, today announced that during the second quarter of 2010 it has received follow-on production and maintenance orders totaling more than $3.1 million. The company develops, produces and markets Data Recording and Management Systems such as digital video and data recorders, ground debriefing stations, head-up display cameras and more for air and land applications, as well as avionics solutions and other relative technology. "We are seeing a steady increase in the company's backlog and sales. We believe this growth is indicative of the company's improved business performance as well as customer confidence…

MondayJul 19, 2010 11:02 am

Severn Bancorp, Inc. (SVBI) Reports Second Quarter Earnings

Severn Bancorp, Inc. reported results for the second quarter of 2010 ending 6/30/2010. The company earned net income of $0.59 million, or $0.02 per diluted share, compared to a net loss of $6.9 million, or ($0.73) per diluted share, in the second quarter of 2009. The management of Severn Bancorp, Inc. expressed relief at the return to profitability at the bank, but cautioned that a weak economy with high unemployment would continue to impact results. Alan J. Hyatt, the CEO of Severn Bancorp, Inc., said, “We are gratified by these results and are pleased that our hard work is resulting…

MondayJul 19, 2010 11:01 am

Evolution Petroleum Corp. (EPM) Signs JV to Develop Portfolio of Properties

Evolution Petroleum Corp. signed a joint venture agreement with an unnamed private oil and gas company to develop the company’s properties. Evolution Petroleum Corporation said that the agreement covered five horizontal wells in the Giddings Field located in Central Texas. The company’s properties in the Giddings Field are in Burleson and Grimes County. The five horizontal wells will target several different producing oil and gas zones including the Austin Chalk and Georgetown formations. The company said that a typical well here produces approximately an equal proportion of crude oil, natural gas and natural gas liquids. Robert Herlin, the CEO of…

MondayJul 19, 2010 10:59 am

Balqon Corp. (BLQN.OB) Expands Distribution Into Europe with Mol Transport Solutions

Balqon Corporation is a leading developer of heavy-duty electric trucks, tractors and electric drive systems. The company uses its proprietary flux vector control technology to design propulsion systems for 10 to 50 ton capacity vehicles and material handling equipment. For more information on the company's technology and products, please visit their website at www.balqon.com The company announced today that it has entered into a dealer agreement with Mol Transport Solutions, a leading manufacturer of port and material handling equipment in Europe. Founded in 1944, Mol Transport Solutions develops heavy-duty trucks for both highway and off-highway applications. Their product line include…

MondayJul 19, 2010 10:43 am

Uranium Energy Corp. (UEC) Announces Independent Report Confirming Historical Resource of 1.5 Million Pounds eU3O8 at the Salvo Project

Uranium Energy Corp. was pleased to announce this morning that the company has received an independent National Instrument 43-101 technical report for the Salvo Project located in Bee County, Texas. According to the report, the Salvo Project has an historical mineral resource of 1,505,000 pounds of U3O8. The Salvo Project has earlier been referred to as the Seager-Salvo Project. The historical resource estimate was performed using industry-accepted standards for its time, however, additional verification and validation is needed to bring the property to a current Canadian Institute of Mining (CIM) resource classification. According to the press release, Uranium Energy is…

MondayJul 19, 2010 9:24 am

NetSol Technologies, Inc. (NTWK) Continues to Rack Up China and Global Success

NetSol Technologies Inc. continues to strengthen its position in China and around the world, with a recent string of good news kicked off by its recent announcement of a major contract with giant Sany Corp. of China. The agreement calls for NetSol to deploy its popular Financial Suite (NFS) solution across Sany’s vast dealership network, as well as in its back office centers across China. The deal represents a huge success for NetSol. Sany Corp. is the largest concrete machinery manufacturer in the world, and one of the world’s top 50 construction machinery manufacturers. It has also been honored as…

MondayJul 19, 2010 9:16 am

Green Energy Live, Inc. (GELV.OB) Video Chart for Monday, July 19, 2010

GELV is trying to find a bottom and possible reversal. The indicators are a bit mixed, but are looking more bullish at the moment. Bottom support at $.0014 needs to hold as GELV attempts to make a new higher low and break through resistance. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=442 Let us hear your thoughts below:

MondayJul 19, 2010 9:01 am

Network-1 Security Solutions (NSSI.OB) Successfully Settles Patent Litigation with Major Networking Vendors

Located in New York, New York, Network-1 owns six patents covering various telecommunications and data networking technologies and is engaged in the acquisition, development, licensing and protection of its intellectual property and proprietary technologies. Today, Network-1 took a major step towards enhancing their future with the announcement that they have settled patent litigation with several major networking vendors. The major networking vendors that Network-1 agreed to settle with include: Adtran, Inc., Cisco Systems, Inc. and Cisco-Linksys, LLC, (collectively, "Cisco"), Enterasys Networks, Inc., Extreme Networks, Inc., Foundry Networks, Inc., and 3Com Corporation, Inc., pending in the United States District Court for…

MondayJul 19, 2010 8:09 am

PureSpectrum, Inc. (PSRU.OB) Announces Appointment of Peter Weller as the Company’s Vice President of Sales

PureSpectrum, Inc., a progressive lighting company dedicated to researching and developing innovations in lighting, recently announced the appointment of Peter Weller as the company’s new vice president of sales. Mr. Weller brings more than 20 years of industry experience in engineering, business development, marketing and sales. Mr. Weller began his career as an engineer with GTE Sylvania and has served as the vice president of the commercial and industrial sales division and general manager of a fixture brand he helped to develop for lighting giant TCP, Inc. He has also served in executive roles for established global lighting manufacturers with…

MondayJul 19, 2010 8:07 am

Aquentium, Inc. (AQNM.OB) Now Offering Representation and Distributorship Opportunities in Nebraska

Aquentium, Inc. announced on Saturday that they are now offering representation and distributorship opportunities in the State of Nebraska. This is for their complete line of ozone sanitation and water treatment equipment. The design of the Aquentium non-chemical sanitation equipment is for both cost savings and improved safety standards for food and beverage processors, hotels, restaurants, hospitals, and schools. The Company's focus is to eliminate chemicals and hot water during the sanitation process. They are also working to help prevent contamination of food. The Company can extend the shelf life of food products with the Aquentium non-chemical process. Therefore, this…

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