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FridayAug 06, 2010 9:15 am

Janel World Trade, Ltd. (JLWT.OB) Secures New $3.5M Credit Line Facility

Janel World Trade, Ltd. (JLWT.OB), a global provider of integrated logistics and environmental services, including freight forwarding via multi-modal carriers, end-to-end, supply-chain technology, customs brokerage, warehousing and distribution, recently announced that the company has secured a $3.5M revolving line of credit with Community National Bank. This credit facility will provide the company with increased financial flexibility and capacity for future growth and profitability. This new credit facility provides more favorable terms and an interest rate that supports the company’s strategy for growth and continued focus on enhanced profitability. The credit line with Community National Bank is for a one-year term…

FridayAug 06, 2010 9:15 am

Gastar Exploration Ltd. (GST) Reports Second Quarter Of 2010 Results

Gastar Exploration Ltd. issued second quarter of 2010 financial results and an operations update on the company’s quarterly exploration and development activity on its oil and gas properties in the United States. Gastar Exploration Ltd. reported a net loss of $2.5 million, or ($0.05) per share in the second quarter of 2010, ending 6/30/2010. The company lost $2.4 million, or ($0.05) per share in the corresponding quarter of 2009. Both quarters included an unrealized loss from the company’s derivatives activity. Gastar Exploration Ltd. reported a sharp decline in production on a year over year basis. The company reported production that…

FridayAug 06, 2010 9:14 am

Uranium Energy Corp (UEC) Utilizes Strong Advisory Board

In addition to strong management and technical teams, Uranium Energy Corp (NYSE-AMEX: UEC) has put together one of the strongest advisory boards in the business, to help guide decisions in an industry that involves numerous governmental and environmental considerations. • Katharine Armstrong – Ms. Armstrong is highly knowledgeable regarding the natural resources and environment of the state of Texas, where UEC does much of its work. In 1999, she was appointed to the Texas Parks and Wildlife Commission, and was named chairman in 2001. She was active with the selection committee for the White House Fellows Program, and is director…

ThursdayAug 05, 2010 5:01 pm

UV Flu Technologies Inc. (UVFT.OB) Receives Purchase Order from Leading Medical Training Facility in Miami

UV Flu Technologies Inc. (UVFT.OB) develops, manufactures and distributes biotechnology products for the indoor air quality (IAQ) industry sector. The company’s VIRATECH UV-400 eliminates harmful airborne bacteria with 99.2% efficacy on the first-pass basis. The company was granted class II medical listing from the FDA, which allows UV Flu to market the product as a medical device. The company today announced it has received a purchase order from specialized indoor air quality distributor Puravair for a shipment of VIRATECH UV-400 to the Miami Anatomical Research Center (M.A.R.C.), one of the leading medical technology training facilities in the country. The facility…

ThursdayAug 05, 2010 12:30 pm

Spare Backup (SPBU.OB) My Hub Mobile App Approved by Apple for iPhone Use

Spare Backup Inc. is an industry-leading provider of automated online backup applications for home users and small businesses. The company today announced that its My Hub Mobile 1.0 App was approved by Apple for use with the iPhone platform and will be available at the Apple iTunes App Store. The company's App runs on the iPhone and enables clients to securely backup, store and manage their content, including contacts and pictures, through the use of the cloud and on their iPhone. This app now makes it easier than ever to put the user in complete control of their own content…

ThursdayAug 05, 2010 12:30 pm

PetroQuest Energy, Inc. (PQ) Reports Second Quarter of 2010 Operations Report

PetroQuest Energy, Inc. updated the investment community and shareholders on the company’s financial results and oil and gas activities during the second quarter of 2010. PetroQuest Energy, Inc. reported total oil and gas production of 7.3 billion cubic feet equivalent in the second quarter of 2010, compared to 8.6 billion cubic feet equivalent in the corresponding quarter of 2010. The company attributed the sharp decline in year over year production to reduced capital spending in 2009 during the recession and financial crisis. PetroQuest Energy, Inc. realized an average price of $77.20 per barrel for oil and $4.67 per Mcf for…

ThursdayAug 05, 2010 12:29 pm

Penn Virginia Corporation (PVA) Updates Activities

Penn Virginia Corporation issued an operational update on its oil and gas exploration and development activities for the second quarter of 2010. Penn Virginia Corporation reported total oil and gas production of 115.1 million cubic feet of natural gas equivalent per day during the second quarter of 2010. The company produced 134.7 million cubic feet of natural gas equivalent per day in the same quarter of 2009. The production numbers were presented on a pro forma basis to exclude assets from the Gulf Coast area that the company sold last year. In East Texas, Penn Virginia Corporation drilled a total…

ThursdayAug 05, 2010 12:28 pm

Elray Resources Inc. (ELRA.OB) Issues Positive Outlook on Ecuadorian Mining and Investment Opportunities

Shares of global exploration and production mining company Elray Resources Inc. spiked 10 percent to $0.11 this morning after the company issued a positive update regarding the Ecuadorian mining sector. Elray’s portfolio of heavily mineralized mining tenements is based in South East Asia and South America. News that several agencies and institutions anticipate significant growth in Ecuador’s mining sector could result in mining and economic pay-offs for the company. The company said that compared to other Latin American countries, Ecuador has a favorable investment environment influenced by stable political culture and low wage levels, which create many opportunities for foreign…

ThursdayAug 05, 2010 12:28 pm

AbTech Holdings (ABHD.OB) Smart Sponge® Technology to Aid Gulf Remediation

AbTech Holdings, Inc. (www.abtechindustries.com) – which previously announced its Letter of Intent to acquire all issued/outstanding capital stock of AbTech Industries, Inc., thus rendering it a wholly-owned subsidiary, today (Thursday, Aug. 5) conveyed news regarding its ongoing efforts to put AbTech and its proprietary water-cleaning Smart Sponge® technology at the forefront of Gulf of Mexico cleanup operations. Some 5M barrels of oil are the target, and the Company – which is a registered vendor in Alabama, Florida, Georgia, Louisiana and Mississippi – has already registered with the Deep Horizon Command Center, filed both individual and joint consortium with the Interagency…

ThursdayAug 05, 2010 12:27 pm

Viking Systems (VKNG.OB) Reports 2Q Financials, Details 3DHD Progress

Viking Systems, Inc. (www.vikingsystems.com) – the leading global provider of advanced 2D and 3D visualization solutions which are revolutionizing minimally invasive surgery (MIS), today (Thursday, Aug. 5) reported financial results for 2Q FY10 (ended June 30) indicating strong sales growth, and disclosed details regarding the Company’s planned launch in Q4 of their Next Generation 3DHD vision system. President and CEO of VKNG, Jed Kennedy, pointed to the 23% increase in sales in 2Q as an indicator of yet another strong quarter as the Company ramps up to the release of its Next-Gen 3DHD system. Joining the already robust suite of…

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