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MondayJan 25, 2010 8:37 am

Signature Exploration and Production Co. (SXLP.OB) Releases Information on Oil Fields

Signature Exploration and Production Corp. recently released information regarding its Koliba Prospect oil fields in Victoria County, TX. In the Koliba Prospect, which is a 173-acre lease, the company has identified three significant target zones. The Koliba Prospect will be drilled 250 feet from an existing large producing well, and is considered a low risk / high reward prospect due to its proximity to previous wells. According to the Texas Railroad Commission, the Placedo, Heyser, McFaddin, Hog Bayou and E. Sheriff fields (all contained in the Project) have produced approximately 159 million barrels of oil and 1.8 trillion cubic feet…

MondayJan 25, 2010 8:33 am

White Mountains Insurance Group, Ltd. (WTM) Subsidiary to Buy Small Nebraska Insurance Company

Last week, White Mountains Re Ltd. announced that it has signed a definitive agreement to purchase Central National Insurance Company of Omaha for $5 million. The seller was Drum Financial Corporation, which has been operating the insurance company since 1990 under an order by the Nebraska Department of Insurance Allan Waters, the CEO of White Mountains Re, said, “We are very pleased by the terms of this transaction put together by the White Mountains Re Solutions team. Although modest in size, this transaction continues our long history of building shareholder value through acquisitions of runoff insurance and reinsurance companies.” Central…

FridayJan 22, 2010 4:36 pm

Consorteum Holdings Inc. (CSRH.OB) to Extend Global Reach through Strategic Business Plan and Partnership Agreements

Consorteum Holdings Inc. scopes out global opportunities in the financial services, payment and transaction processing marketplace. The company then works to develop “right source solutions” for companies looking to maximize their business potential. To execute this strategy, Consoretum has established relationships with technology partners around the world to create customized solutions for its diverse clients. The company offers a suite of technologies that are designed around each customer’s needs. Those technologies include payroll cards; re-loadable prepaid cards; gift cards; benefit, rebate and loyalty cards; and merchant discount rates. Services include specialized consulting services, customizable technology solutions, end-to-end project management, sales…

FridayJan 22, 2010 4:31 pm

RINO International Corp. (RINO) Signs Sinter Flue Gas Desulphurization Contract with Chinese Firm

RINO International Corp. is an industrial technology-based environmental protection and remediation company based in China. Through their subsidiaries and affiliates in China, the company is in the business of designing, manufacturing, installing and servicing wastewater treatment and exhaust emission desulphurization equipment principally for use in China's iron and steel industry. The company announced today that it signed sinter flue gas desulphurization build-operate-transfer (BOT) contracts with Shougang Jiantang Iron & Steel Company Ltd. The BOT contracts consist of a build contract and an operating contract, valued at a total of $118 million. The project commenced at the Hebei Province Tangshan City…

FridayJan 22, 2010 4:03 pm

LightPath Technologies Inc. (LPTH) Reports Significant Sales Increase for Q2 2010

LightPath Technologies Inc. manufactures optical products, glass products, packing solutions and more. The company recently released projections for its second-quarter results of 2010, highlighting millions in backlogs, and increases in cash and revenues. For the second quarter of 2010, the company projects backlog scheduled for shipping in the next 12 months at $4.0 million, up $900,000, or 29 percent, as compared to a backlog of $3.1 million on December 31, 2008. The backlog represents a $1.7 million, or 74 percent, increase as compared to the backlog on June 30, 2009. The company reports cash on hand as of December 31,…

FridayJan 22, 2010 1:33 pm

President Obama’s Pushback on Banks Sends Stocks Lower Again

Stocks retreated Friday for a third straight day on fresh concerns about President Obama's proposed restrictions on banks. The market is extending losses that gave the Dow Jones Industrial Average its biggest two-day drop since June 2009. It had lost 336 points, or 3.1 percent, over the past two trading days. President Obama spooked the stock market on Thursday after asking Congress for limits on how large big banks can be and to put an end to some of the risky trading large financial companies have used in recent quarters to boost their profits. Some in the Obama Administration feel…

FridayJan 22, 2010 12:51 pm

NetSol Technologies, Inc. (NTWK) Provides Solutions for Manufacturing, Distribution and Wholesale Finance

NetSol Technologies’ BestShoring™ methodology eliminates risks associated with outsourcing like miscommunication, lack of oversight regarding quality, and language complications which collectively can result in diminished profitability. That’s why NetSol doesn’t outsource: every member of the worldwide network of personnel is part of the NetSol family. The Company brings a fully-integrated team to bear on the client’s problem to arrive at the best possible solution and price for each and every customer. NetSol provides enterprise software and business services solutions for all manufacturing sectors including: • Aircraft and Automotive • Computers and Office Equipment • Electronics and Electrical Equipment • Forest…

FridayJan 22, 2010 12:40 pm

Exousia Advanced Materials, Inc. (EXOU.OB) to Facilitate Evergreen Acquisition

Exousia Advanced Materials, Inc., in accord with its recent acquisition of Evergreen Global Investments, Ltd., announced some new appointments today, Friday, January 22, 2010. Through subsidiary Evergreen Global Investments Ltd., Texas-based EXOU provides a suite of specialized materials for a global market, including Advanced Resins (RPA™), Engineered Particles (VISTAMER® Rubber), Industrial Coatings (AEGEON™ and Power Shield™), and Structural Materials (E-CORE™ and TRUSS CORE™), all featuring Green Energy (eco-friendly) attributes. The Evergreen acquisition was revealed on Jan 13, 2010, and is comprised of energy services company Able Energy, and the operating company, PriceEnergy, which provides an e-commerce platform for handling marketing,…

FridayJan 22, 2010 10:39 am

Simulated Environment Concepts, Inc. (SMEV.PK) Removes Stress In More Ways Than One

Simulated Environment Concepts Inc., makers and distributors of SpaCapsule®, the high-tech self-contained water massage and stress therapy system, have gone out of their way to make it stress free for anyone wanting to get a SpaCapsule®, whether for personal use or as a profitable business investment. First of all, the company has a full service financing department, capable of providing both domestic and international financing options. They’ve partnered with a number of respected institutions offering a range of programs, so that almost anyone can obtain a SpaCapsule®. • Commercial Equipment Lease – This option allows businesses to obtain maximum tax…

FridayJan 22, 2010 10:13 am

Capital Southwest Corp. (CSWC) Reports Year End Asset Value

Capital Southwest Corp. recently reported a net asset value of $456.4 million, or $121.99 per share, as of the end of 2009. This was a small decline from the $477.7 million, or $127.68 per share, reported at the end of 2008. Capital Southwest Corporation recently declared a dividend of $0.40 per share, bringing its payout for 2009 to $0.80 per share. In December 2008, Capital Southwest Corporation paid a special dividend of $2.16 per share to its shareholders. Capital Southwest Corporation is a business development company (BDC) headquartered in Dallas, Texas. The company holds equity investments in nearly 50 private…

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