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FridayJul 09, 2010 9:19 am

GMX Resources Inc. (GMXR) Updates Production Guidance

GMX Resources Inc. updated its production guidance for the third quarter of 2010 and for the 2010 calendar year. GMX Resources Inc. estimates that production in the third quarter of 2010, which ends September 30, 2010, would fall within a range of 4.7 to 5.0 billion cubic feet equivalent. The company estimates that production for 2010 would be between 17.5 to 19 billion cubic feet equivalent. GMX Resources Inc. also announced that the company’s bank lenders had reaffirmed the $130 million borrowing base of the company. Capital One Bank represented the lenders during the review process. GMX Resources Inc. also…

FridayJul 09, 2010 9:18 am

Kingsway Financial Services Inc. (KFS) Reports Major Debt Repurchase

Kingsway Financial Services Inc. announced the repurchase of significant amounts of two issues of its outstanding debt. The purchases amount to approximately $55.1 million. Kingsway Financial Services Inc. has repurchased $33.9 million CAD principal of the 6% debentures due on 7/11/2012, and $25.6 million of the 7.5% senior notes due in 2014. The debentures were issued by Kingsway 2007 General Partnership, and the senior notes were issued by Kingsway America Inc. Kingsway Financial Services Inc. obtained the funds to complete the repurchase through the sale of the Jevco Insurance Company, one of its subsidiaries. Kingsway Financial Services Inc. sold the…

FridayJul 09, 2010 9:17 am

Patriot Scientific Corp. (PTSC.OB) Reports Initial Success of Go-To-Market Strategy

Yesterday, Patriot Scientific Corporation reported initial success of the go-to-market strategy for Patriot Data Solutions Group (PDSG), their wholly owned subsidiary. PDSG is beginning to identify opportunities where it can jointly market data sharing solutions and services to the public safety marketplace. This is with a go-to-market strategy that harnesses the market access of channel partners. The channel strategy provides access to new markets, including Federal customers. This is in addition to significantly increasing PDSG's pipeline of business opportunities and the size of systems integration projects they may pursue. Mr. Cliff Flowers, interim CEO of Patriot Scientific, said, “With the…

FridayJul 09, 2010 9:15 am

AIVtech International Group (ECOH.OB) Announces $1.1 Million Order for LED-Backlit LCD Televisions

AIVtech International Group Co., a provider of consumer electronics products, such as multimedia speakers and video games, in both domestic and international markets, recently announced that the company has secured a follow-on order for LED-backlit LCD televisions from Europea Trade N.V., one of the leading distributors of information and communication technology and home entertainment products in Europe. AIVtech International Group entered into a sales contract with Europea Trade on June 29, 2010, valued at USD $1.1 million for the manufacture of 15,000 LED-backlit LCD televisions. Europea Trade delivers products to more than 2,000 retail outlets in the Benelux countries and…

FridayJul 09, 2010 8:44 am

ZAP (ZAAP.OB) Video Chart for Friday, July 9, 2010

ZAAP has been making a nice climb since breaking out of a small, ascending triangle. A greater view of the chart is provided in this video to see the position of ZAAP presently and what it needs to do to continue it’s bullish position. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=436 Let us hear your thoughts below:

FridayJul 09, 2010 8:43 am

Newport Digital Technologies, Inc. (NPDT.OB) Video Chart for Friday, July 9, 2010

NPDT made a very strong move yesterday. The video shows how NPDT indicated that a solid move may be coming and what to look for in the future. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=435 Let us hear your thoughts below:

FridayJul 09, 2010 8:00 am

Consorteum Holdings Inc. (CSRH.OB) Announces New Appointments and Organizational Changes

Yesterday after the closing bell, Consorteum Holdings, Inc. announced multiple organizational changes as the company continues to follow its restructuring strategy. Mr. Craig Fielding, CEO of Consorteum Holdings Inc., will expand his responsibilities with operations and sales now reporting directly to him. According to the company, this change will ensure better internal communications, increasing accuracy and productivity on all levels of business. As previously announced, Mr. Bill Smethurst C.A. has been appointed CFO of the company and will immediately assume those responsibilities. Mr. Peter Simpson has resigned as CFO of the company, however, he will continue to assist the company…

ThursdayJul 08, 2010 3:42 pm

PharmAthene (PIP) Develops Anthrax Vaccine; Presenting Data at Upcoming International Conference

PharmAthene Inc. is a biodefense company focused on developing medical countermeasures against biological and chemical weapons. The company today issued an update on its Protective Antigen (rPA) anthrax vaccine development program, noting that it recently demonstrated the vaccine as structurally stable at various temperatures. Non-clinical data results show improved immunogenicity of the lyophilized vaccine formulation when compared to the liquid formulation. The results will be presented at the upcoming 2010 International Conference on Emerging Infectious Diseases, July 11-14 in Atlanta, Georgia. Eric I. Richman, president and interim CEO, said the company is working with strategic partners to seek out advancements…

ThursdayJul 08, 2010 1:22 pm

CNS Response (CNSO.OB) Announces Referenced-EEG Shows Significant Improvement in Pharmacotherapy as Published in Journal of Psychiatric Research

CNS Response issued a press release to announce that an article was published on July 3, 2010 in the Journal of Psychiatric Research on clinical studies of their Referenced-EEG (rEEG®) system for patients with treatment-resistant depression. Physicians using rEEG had “success” rates of nearly 65 percent for afflicted patients as reported in the article. The carefully conducted study was 12 weeks in length and performed at 12 different medical sites including Harvard, Stanford, Cornell and Massachusetts General Hospital. This was a randomized, single-blind, parallel group study of rEEG-guided pharmacotherapy vs. the most effective treatment regimens reported in the NIH (National…

ThursdayJul 08, 2010 12:56 pm

Reach Messaging Holdings, Inc. (RCMH.OB) Goes Public on OTCBB

Reach Messaging Holdings Inc., www.ReachMessaging.com – the social media solutions provider with extensive expertise in feature-rich content development (Facebook games, mobile phone apps, AOL IM chat bots, etc.), recently went public and is now trading on the OTCBB as an SEC-compliant and fully reporting entity, effective today. The Company is a leader in bot (user-configurable auto-assistant application which performs tasks such as spidering for data aggregation) development for IM platforms, and has been developing AIM bots since 2007, the top four of which are: • GossipinGabby - celebrity news • SportsFanStan - sports scores/news • My TV Bud • ProfGilzot…

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