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WednesdayAug 19, 2009 8:59 am

Geospatial Holdings, Inc. (GSPH.OB) Team Awarded Multi-Year Contract to Map Underground Utilities in the Port of Gulfport, Mississippi

Geospatial Holdings, Inc., a high-technology company that utilizes proprietary 3D sensing technologies to locate, map, perform condition assessment and detect leaks of underground pipelines, recently announced it was selected to provide underground pipeline utility location and mapping services to the Mississippi State Port Authority at Gulfport, Mississippi over a three-year period. In 2005, when Hurricane Katrina made landfall on the Mississippi Gulf Coast, the Port of Gulfport’s electrical power supply, roads, water, sewer, rail, small craft harbor fender systems, navigational aids, lighting and security systems were all destroyed or severely damaged by the storm. As a result of this unprecedented…

WednesdayAug 19, 2009 8:56 am

Norsat International Inc. (NSATF.OB) Announces New Financial Division

Today, Norsat International Inc. announced that it has created a new division called Norsat Capital to provide customers and potential clients the option of leasing or renting the company’s equipment. According to the press release, this initiative is a direct result of the company’s turnaround over the past couple of years. Because of its improved capital structure, the company can now afford to offer more financing options on its products. Dr. Amiee Chan, President and CEO of Norsat, stated, “Our balance sheet has immensely improved over the last few quarters and as a result, we’ve established a financial unit so…

WednesdayAug 19, 2009 8:46 am

eDOORWAYS Corp. (EDWY.PK) Introduces “Power Key” Economy of Scale Alternative to Traditional “AdWords”

eDOORWAYS Corp. yesterday announced the licensing and customization of Real Time Data's proprietary source code [real-time data feed software] as a means to expedite delivery and use of its "Power Key" business/revenue model. The web-based consumer problem solving gateway, lifestyle information source, and online business-to-consumer marketplace realized that the software company's data feed software shared many, if not most, of the underlying principles of eDOORWAYS' "Power Key" model. "Formally introducing the 'Power Key' web model to the public is very exciting," stated Gary Kimmons, Chairman and CEO. "Not only will Power Keys change the typical Internet advertising model, but it…

WednesdayAug 19, 2009 8:31 am

Helix Wind Corp. (HLXW.OB) Inks Multi-Million Acquisition Deal with Abundant Renewable Energy and Renewable Energy Engineering

Helix Wind Corp. is a global renewable energy company focused on the design, manufacture and sale of small wind vertical axis turbines. The company yesterday announced it has inked a letter of intent to acquire all business assets of Abundant Renewable Energy LLC (ARE) and Renewable Energy Engineering LLC (REE). The deal will add two products to Helix Wind’s product portfolio, the ARE110 (2.5KW) and the ARE442 (10KW). Both systems run are grid-connected and are equipped with powerful blades, efficient alternators and superior controls, all of which contribute to a consistent and reliable wind energy source. In addition to the…

WednesdayAug 19, 2009 8:29 am

Chicago Rivet & Machine Co. (CVR) Declares Dividend

Chicago Rivet & Machine Co. declared a regular dividend of $0.10 per share. The dividend is payable on September 17, 2009 to shareholders of record as of September 4, 2009. This continues the company’s record of paying a dividend for 75 consecutive years to shareholders. The company reported a net loss in the second quarter of 2009 of $439,000, or ($0.45) per share, on sales of $4.67 million. In the same quarter of 2008, the company lost ($0.02) on sales of $8.04 million. Despite these losses, Chicago Rivet & Machine Co. has a solid balance sheet with cash and equivalents…

WednesdayAug 19, 2009 8:27 am

TAT Technologies Ltd. (TATTF) Approves Stock Repurchase Plan

TAT Technologies Ltd. announced that its Board of Directors approved a stock repurchase plan in the amount of $2 million over the next six months. The company applied under Rule 10b5-1 of the Securities Exchange Act of 1934. TAT Technologies Ltd. also reported a net profit of $550,000 or $0.08 per share in the second quarter ending 6/30/09. The company ended the quarter with nearly $41 million in cash and marketable securities. "We believe that the current market price of the Company's ordinary shares does not adequately reflect the business and resources of the Company, This stock repurchase plan, reflects…

WednesdayAug 19, 2009 8:18 am

General Environmental Management, Inc. (GEVI.OB) Expands Facilities

General Environmental Management Inc., a leading environmental and waste remediation company based in California, recently announced the opening of a new service location in Benicia, California for its Mobile Treatment Services division. GEM Mobile Treatment Services (GEM-MTS) operates a nationwide fleet of transportable treatment units for industrial and petroleum wastewater, contaminated groundwater, and wastewater solids. It also provides degassing and vapor control services using thermal oxidizer technologies. The company pointed out that MTS has saved its clients millions of dollars, while helping to limit their long-term environmental liabilities. In addition, the MTS division was recently recognized by BP US Pipelines…

TuesdayAug 18, 2009 3:29 pm

Lpath, Inc. (LPTN.OB) Announces Successful Administration of Phase 1 iSONEP

A leader in lipidomics-based therapeutics, Lpath, Inc. announced today that it has completed the enrollment and dosing of 15 wet AMD patients in a multi-center, open label, single-arm Phase 1 study of iSONEP. The iSONEP was administered as a single intravitreal injection to the study eye. The company is expected to release a complete analysis of efficacy when all data becomes available. All 15 patients tolerated the drug well, and there were no drug-related serious events reported at any of the five dose levels. Additionally, several patients showed a reduction in retinal thickness and regression of lesion size, two primary…

TuesdayAug 18, 2009 1:49 pm

Beacon Equity Research Featured Company: Alentus Corp. (ALNS.PK)

Alentus Corp. provides business class website, e-mail, SQL Server, MySQL, Microsoft Windows ASP.NET and SharePoint hosting services to small and medium sized companies. Their products and services are marketed primarily through its websites. The company also provides mission critical Windows and Red Hat Linux managed services on Dell dedicated servers, Cisco dedicated firewalls, as well as Genband based Cisco VOIP services. They also manage a reseller program that allows resellers to host bulk quantities of domains under a single customer account. Alentus is a Microsoft Gold Certified Partner and RedHat Ready Hosting Partner. Through organic growth, acquisitions, strengths, and reputation…

TuesdayAug 18, 2009 1:46 pm

Beacon Equity Research Featured Company: Omnicity Corp. (OMCY.OB)

Omnicity Corp. is focused on providing broadband access, including advanced services of voice, video and data, in un-served and underserved small and rural markets. The company aims to be the premier consolidator of rural market broadband nationwide. Omnicity plans to do this by offering a total broadband solution and through organic growth as well as acquisitions, while partnering with Rural Electric Municipal Cooperatives and Rural Telephone Companies. Since its inception in 2003, Omnicity has grown to be one of the largest rural WISPs in the Midwest. The company’s value proposition is providing internet access to rural America nationwide at a…

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