Blog - Page 3847 of 5716

ThursdayMay 27, 2010 8:02 am

Nitro Petroleum, Inc. (NTRO.OB) Reports on Petroleum Reserves for Big Horn Prospect

Nitro Petroleum, Inc. announced after the market closed yesterday the petroleum reserves for their Big Horn project in Montana. Nitro maintains a 25% working interest in a 1,600 acre lease at Big Horn. Ramsey Property Management LLC of Oklahoma City, OK, a reservoir engineering firm, was contracted to evaluate the potential reserves. The data compiled by Ramsey showed 93,900 barrels of high gravity crude oil and 236,000 cubic feet of natural through initial calculation indicators. Drilling regulations allow for ten well drilling programs on the lease. Nitro, according to their President, James Borem, is presently in negotiations with potential Joint…

ThursdayMay 27, 2010 7:57 am

Oil Prices Rally in Highest Gain Since September

In times of economic crisis, people often look to the pump to show them how the economy is faring. This Wednesday, analysts reported that oil prices rebounded sharply after weeks of being knocked down by economic uncertainty. Following a three-week slump, oil rallied 4 percent, the best one-day percentage gain since September. At the pump, retail gas prices continued to fall. According to AAA, Wright Express and Oil Price Information Service, the national average slipped nearly a penny overnight to $2.771/gallon. A gallon of regular unleaded costs 8.3 cents less than a month ago, but is still 34.6 cents more…

ThursdayMay 27, 2010 7:55 am

Dow Jones Industrial Closes Below 10,000

This past Wednesday marked a significant fall of the Euro, setting stocks on the down swing, with the Dow Jones industrial closing below 10,000 for the first time in nearly four months. Wednesday's trading extended a streak of volatility since stocks went to their highest level of the year in late April. "We had a nice rally all day and we expected it to have had legs," said Phillip Orlando, chief equity market strategist at Federated Investors in New York, which manages about $400 billion. The sudden sell-off, he said, suggests "that investors are as nervous as a long-tailed cat…

ThursdayMay 27, 2010 7:53 am

EcoBlu Products, Inc. (ECOB.OB) Bluwood™ Technology Utilized in Haiti Housing Solution

EcoBlu Products, Inc., a leading manufacturer of proprietary wood products coated with an eco-friendly chemistry that protects against mold, fungus, rot-decay, wood ingesting insects, termites and fire, recently announced that the company’s Bluwood™ technology was successfully utilized as a housing solution for buildings in earthquake-ravaged Haiti. EcoBlu’s Bluwood™ trusses were ordered by Lazarian World Homes to be incorporated into their current Haiti housing solution. Lazarian World Homes is a global leader in providing affordable, sustainable and energy-efficient homes and buildings for third-world nations. Lazarian recognizes that the Bluwood™ technology provides superior protection against mold, wood rot and termites. The company…

ThursdayMay 27, 2010 7:51 am

Spring Creek Capital Corp. (SCRK.OB) Disposes of their Eco Blends, Inc. Shares in Exchange for Royalty-Free Perpetual License

Yesterday, Spring Creek Capital Corporation announced the sale of their 30 percent interest in Eco Blends, Inc. through a termination agreement executed May 21, 2010. The termination agreement calls for Spring Creek to sell their shares of Eco Blends, Inc. This is in addition to withdrawing their representative from the Eco Blends, Inc. Board of Directors as well as terminating their existing consulting and investment agreements with Eco Blends, Inc. Eco Blends, Inc., in exchange, granted to Spring Creek a royalty-free, perpetual, transferrable license to use all formulations of the patent-pending, DEET-free insect-repellent developed by Eco Blends, Inc. The insect-repellent…

ThursdayMay 27, 2010 7:49 am

Sycamore Networks, Inc. (SCMR) Reports Loss in Third Fiscal Quarter

Sycamore Networks, Inc. reported a net loss of $3.7 million, or $0.13 per share, in the company’s third fiscal quarter of 2010. The company lost $2.7 million, or $0.10 per share, in the same quarter of fiscal 2009. Sycamore Networks, Inc. also saw a decline in sales in the third fiscal quarter. Sales were reported at $14.6 million, compared to $23 million in the third fiscal quarter of 2009. The management of Sycamore Networks, Inc. said that the higher loss was caused by order delays pushed out by its customers until the fourth fiscal quarter. “While some orders being delayed…

ThursdayMay 27, 2010 7:48 am

VIASPACE, Inc. (VSPC.OB) Enters into North America’s $400 Million Fire Log Industry with Environmentally-Friendly Green Log™

VIASPACE, Inc. introduced their first product for the renewable energy market, “Green Logs,” at the National Hardware Show in Las Vegas. The annual show is attended by buyers from hardware stores, big box stores, grocery stores, drugstore chains and other retailers from around the country. VIASPACE believes that Green Logs are the first manufactured fire logs to be produced solely from a dedicated renewable energy crop. Green Logs are manufactured from Giant King™ Grass, a low-carbon, renewable energy crop. Through its majority-owned subsidiary VIASPACE Green Energy Inc., VIASPACE grows the Giant King Grass and manufactures the logs at their grass…

ThursdayMay 27, 2010 7:44 am

Voyager Oil & Gas, Inc. (VYOG.OB) Closes On Bakken Purchase

Voyager Oil & Gas, Inc. announced the closing of the company’s purchase of oil and gas acreage in the Williston Basin in North Dakota and Montana. The company has also a signed agreement to purchase additional acreage in the same general area, and expects a July closing. Voyager Oil & Gas, Inc. said the deal included 11,500 net acres located in Williams and McKenzie Counties, North Dakota and Richland County, Montana. The company said that the acreage is prospective for the Bakken Shale and other oil and gas bearing formations. “We are pleased to announce the additional acreage targeting the…

WednesdayMay 26, 2010 3:18 pm

Micro Identification Technologies, Inc. (MMTC.OB) Up 33.33% on All-Time Record Volume

Micro Identification Technologies, Inc. closed trading today at $0.06, up $0.015 or 33.33%, on approximately 3.4 million traded shares! Today's trading activity was fueled by a news release from the company stating that it has signed an agreement with a subsidiary of OSI Systems (NASDAQ: OSIS) to manufacture its microbial rapid identification system. With an average daily volume of 316,400 traded shares, MMTC's trading activity was nearly 10 times greater than a typical day in the market. Micro Identification Technologies Inc. is focused on becoming a global leader in developing, supporting and marketing rapid systems and processes that detect and…

WednesdayMay 26, 2010 1:36 pm

Small Cap Voice Featured Company: Concordis Group, Inc. (CNGI.PK)

Concordis Group, Inc., a holding company with proliferated interests, is well-known for providing business insurance products and investment brokerage services via its two wholly-owned subsidiaries, Concordis Insurance SPC (a captive insurance company licensed for 49 individual, adaptive/risk-specialized cells) and Puritan Securities, Inc. (a highly articulated investment banking firm focused on the small cap market). Insurance costs are among the highest items on the budget for most companies, but now both small and large companies can benefit from the flexibility and cost-effectiveness of a captive insurance program, the ultimate risk management/financing tool available. Concordis Group’s business philosophy hinges on capital preservation…

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