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WednesdayNov 25, 2009 1:47 pm

Spending Growth Rises as Inflation Seems Manageable to Fed Despite Job Market

Several recent data points indicate consumer confidence is on the mend, promising signs of an economic recovery. The Commerce Department reported today a 0.7% rise in consumer spending for last month, which is a good turnaround from the 0.6% decline in September. With income also up 0.2%, marking the second month of rising income, and the best performance yet since the August jump of 1.3% when the Cash for Clunkers program kicked off, the spending environment is starting to loosen. Because consumer spending accounts for nearly 70% of economic activity, this rebound in spending is a good indicator of the…

WednesdayNov 25, 2009 11:10 am

Stock Guru Featured Company: Quasar Aerospace Industries, Inc. (QASP.PK)

Quasar Aerospace Industries, Inc. is the holding company for a group of aviation related entities that strengthens the company through their union. Quasar is focused on retaining the individual corporate cultures of their wholly owned subsidiaries while reaping the synergistic benefit of their combined union. Quasar Aircraft Company (QAC) is a Nevada corporation owned by the current principals of QAI. QAI will be responsible for the manufacture of the Very Light Jet (VLJ) and a new advanced trainer aircraft. Quasar Aircraft Company is developing a four seat trainer aircraft and will be the developer of a twin engine, six seat…

WednesdayNov 25, 2009 11:01 am

Stock Guru Featured Company: DecisionPoint Systems, Inc. (DNPI.OB)

DecisionPoint is focused on developing enterprise wireless and mobile computing solutions for customers’ needs. In short, they bring the field workers into office in real time. Crucial information and transactions are immediately transmitted, improving accuracy and efficiency for the client. The enterprise mobile computing industry has standardized several key technologies over the past several years and DecisionPoint has been front and center in this evolutionary process in adapting mobile units to customer’s needs. The company has well established itself in this industry and when opportunity knocked in the Field Mobility niche Decision Point was prepared to answer the call. DecisionPoint’s…

WednesdayNov 25, 2009 10:57 am

Wake Forest Bancshares, Inc. (WAKE) Reports Profitable Fiscal Year

Wake Forest Bancshares, Inc. reported net income of $180,000, or $0.16 per share, in the fiscal year ending September 30, 2009. The bank earned $1.0 million, or $0.87 per share, in fiscal 2008. Wake Forest Bancshares, Inc. attributed the weaker results to lower net interest margins, and an increase in net charge offs due to the recession. Wake Forest Bancshares, Inc. reported total assets at the end of fiscal 2009 of $112.2 million, and loans outstanding of $71.2 million. The company also saw a higher assessment from the Federal Deposit Insurance Company (FDIC) for payments to the deposit insurance fund.…

WednesdayNov 25, 2009 10:56 am

Rahaxi, Inc. (RHXI.OB) Reports Increase in Hardware Revenue and a Reduction in Quarterly Loss

Rahaxi Inc., an international card payments processor and technology company, today reported financial results for the three month period ended September 30, 2009. The company reported a significant increase in hardware-related revenues during that three month period. These revenues came in at $397,193 versus $163,273 in the prior period, an increase of about 143%. The company also reported a much smaller loss in the three month period ended September 30, 2009. Net losses came in at $1,132,279 for that three month period as compared to $3,351,972 for the same period last year, a decrease of approximately 66%. The decrease in…

WednesdayNov 25, 2009 10:48 am

NuEarth Corp. (NUEC.PK) Offering Clean Technologies and Products to meet Rising Environmentally Friendly Chemicals Demand

NuEarth Corp. provides biodegradable products and clean technologies for various industries, including agriculture, agro-forestry, water and soil remediation, beach/dune restoration, water desalinization and energy conservation. The company’s technologies span a broad spectrum of applications, including agricultural supplement testing, qualification and certification, machine tool lubrication and cooling, soil enhancing, rehabilitation and reclamation, and road construction and maintenance. All of the company’s products are biological-based compounds or organically-based chemicals, which have been used for U.S. coastal restoration and in the European markets for more than 10 years. Leveraging itself on the proven success of the products, NuEarth anticipates generating more interest in…

WednesdayNov 25, 2009 9:57 am

According to Fed, Super-Low Rates Could Lead to a Speculative Bubble

In an effort to fuel the nation’s economic recovery, super-low interest rates are not expected to be strong enough to decrease the unemployment rate, and according to the Fed, could feed a new speculative bubble. Not only could record-low interest rates lead to excessive risk-taking in the financial markets, but they could also cause consumers, investors and businesses to worry about inflation taking off. In early November, Fed Chairman Ben Bernanke kept the target range for its bank lending rate at zero to 0.25 percent for an “extended period of time” to stimulate economic recovery. Even with low rates, the…

WednesdayNov 25, 2009 9:53 am

Innovative Food Holdings, Inc. (IVFH.OB) Announces Record Sales for October – Management Comments on Third Quarter Results

Innovative Food Holdings, Inc., in partnership with one of the largest foodservice distributors in the nation, providing the highest quality gourmet food products to professional chefs throughout the United States, recently announced recorded sales for October, totaling approximately $745,000. Sales in October reflect the best month of sales in Innovative Food Holdings’ operating history. Sam Klepfish, Innovative Food Holdings’ chief executive officer, stated, “We continue to sell the highest-quality gourmet food products and customers are responding. We are seeing strength in both the retail and foodservice side of our business and we are thrilled to be able to announce a…

WednesdayNov 25, 2009 9:30 am

eDoorways Corp. (EDWY.PK) Announces Success of Social Media Marketing Campaign

eDoorways Corp., a web-based consumer problem-solving gateway, lifestyle information source, and online business-to-consumer marketplace, announced today that it has exceeded 20,000 followers on its Twitter campaign. The company has plans to incorporate the use of Twitter and other social media outlets as part of its initial support strategy when the SOLVE doorway version "Beta 1.0" is released next month. Ann Collins, SOLVE Project Manager and Social Media Consultant for the eDoorways Corporation, said, "eDoorways has impressively surpassed the 20,000 follower mark in less than three months on Twitter. Many companies are successfully using the connections they have on Twitter to…

WednesdayNov 25, 2009 9:21 am

China Gengsheng Materials (CHGS.OB) Renews Major Contracts with Three Steel Producers

One company that has been catching the attention of small-cap investors is China Gengsheng Materials. China Gengsheng is known for developing and marketing a broad range of industrial material product and has grown into a market leader by offering state-of-the-art customized solutions. Today, the young company made the announcement that they have renewed full service contracts for refractory products with 3 major steel companies for another year. The companies included in these contracts are: Changjiang Steel, Heilonjing Steel and Laiyuan Aoya Steel. These contracts will be paid in monthly installments and are worth an estimated $7.3 million. When asked about…

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