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ThursdayMay 20, 2010 7:58 am

Oil Prices Rise to $70 per Barrel Ending a 16-Day Decline

After a 16-day decline, oil prices closed near $70 per barrel on Wednesday, lowering gas prices for motorists before the summer driving season. A gallon of regular unleaded gasoline decreased less than a penny. According to AAA, Wright Express and Oil Price Information Service, the new national average for a regular unleaded is $2.852 per gallon. Compared to last month, gasoline is one cent cheaper per gallon but has jumped more than 53 cents from the same time last May. Economists at the Energy Information Administration were predicting that average gas prices would move above the $3 per gallon mark…

ThursdayMay 20, 2010 7:56 am

Apollo Solar Energy, Inc. (ASOE.OB) Signs Agreement to Build Solar Station in Anhui Province

Yesterday, high purity tellurium refiner and producer, Apollo Solar Energy, Inc., announced that it has signed an agreement with Ningguo Municipal Government to build a 2MW demo solar power station in Ningguo City, Anhui Province, China. As per the agreement, Apollo Solar will invest approximately $8.75 million to build the demo station and will assume responsibility for the construction of the entire project, whose date to begin operation is slated in September 2010. The newly signed agreement provides for the payment of subsidies to Apollo Solar from central, provincial and local government entities in the People’s Republic of China. The…

ThursdayMay 20, 2010 7:49 am

Nitro Petroleum, Inc. (NTRO.OB) Gives Update on Mason Burns Lease

Yesterday, Nitro Petroleum Inc. reported that the Mason Burns lease engineering and economic feasibility study has been completed. The Company is the operator on this property. They will perform a remedial fracture (Frac) in the Viola Limestone formation. The Viola Limestone is an extremely prolific reservoir in production. Currently, the Mason Burns well is producing from the upper and lower intervals of the First Bromide formation. The well is generating excellent production recoveries. Nitro Petroleum, Inc. will be ready when the First Bromide enters its secondary stage of production. It is incumbent that the new zone undergoes exploration and testing.…

WednesdayMay 19, 2010 3:52 pm

Simulated Environment Concepts, Inc. (SMEV.PK): Offering Far More Than Just the Most Sophisticated Relaxation Machine on the Market Today

Simulated Environment Concepts, Inc., www.spacapsule.com, developed the SpaCapsule® as a full-spectrum relaxation, massage, aroma-therapy, weight loss, cellulite reducing and AV immersion suite (with sacred geometry-based visualization and custom ambient audio programs from LightSOURCE), but the first time I saw it, I thought someone had traveled back in time with a personal holodeck from Star Trek. When my bemusement faded, I realized that not only was this the most sophisticated computer-controlled simulation of massage (via the SMEV’s proprietary Secret Pulse-Jet Technology™), but that this amazingly comprehensive relaxation system was able to act as a vending machine, complete with extensibility options for…

WednesdayMay 19, 2010 1:40 pm

Command Center, Inc. (CCNI.OB) Shows Strong Financials Despite Tough Labor Market

Command Center, Inc., www.commandonline.com – provider of on-demand personnel and staffing solutions to a variety businesses, in what is an increasingly hectic and complex job market, nevertheless clocked in double digit same store sales growth for March-April while simultaneously reducing operating losses. Outstanding performance considering the nature of the current global economy and job markets, leading the Company to report financial data for the 13-week period (ending March 26) today. Revenue was down 7.2% ($923,547), to $11,899,756 for the period when compared to the previous year’s data; however, 1Q Operating Losses were 69% lower than the previous year, with roughly…

WednesdayMay 19, 2010 1:34 pm

Innovative Designs (IVDN.OB) Extends Sales through Finalization of Agreement for Arctic Armor with Canadian Tire

Innovative Designs, Inc., an industry leader engaged in the manufacture, sale, and marketing of cold weather recreational and industrial clothing products made from INSULTEX, announced today that they have finalized a purchase order with Canadian Tire. Through its Canadian distributor, KTL Canada, Innovative Designs will be shipping an undisclosed, but substantial, amount of their Artic Armor suits to Canadian Tire this coming season. Being that the product is being sold to a distributor, further details regarding distribution of the Artic Armor suits, or possibly additional items to be added later, has not been released. Canadian Tire Retail and its Associate…

WednesdayMay 19, 2010 1:30 pm

Lux Energy Corp. (LUXE.OB) Reports Successful Oil Well in Canada

Lux Energy Corp. reported that a recent oil well drilled and completed on its acreage in Canada had an initial 24 hour production rate of 500 barrels of oil per day. The company said that the well was in the Woodrush Project, which is located in the Peace River Arch area in British Columbia. The company is not the operator of the well, but holds a working interest. The well was located north of an earlier oil discovery made in the Woodrush Project and targeted the Halfway Sand formation. The company said that production casing was set at the well,…

WednesdayMay 19, 2010 12:44 pm

Chromcraft Revington, Inc. (CRC) Reports Smaller Loss in First Quarter of 2010

Chromcraft Revington, Inc. reported a loss of $1.0 million, or ($0.21) per diluted share, in the first quarter of 2010. This was an improvement from the first quarter of 2009, when the company lost $3.1 million, or ($0.69) per share. Chromcraft Revington, Inc. said that revenue declined from $16.7 million in the first quarter of 2009 to $13.9 million in the first quarter of 2010. The management team attributed the decrease in revenue to the economic downturn, the discontinuation of high end lines of furniture by the company, and competition from imports. The company reported a lower net loss in…

WednesdayMay 19, 2010 12:42 pm

Turbine Truck Engines (TTEG.OB) Inks Acquisition Agreement with Hua Tec Enterprise

Turbine Truck Engines Inc. and Hua Tec Enterprise Co. Ltd. recently entered into a Share Purchase Agreement in which TTE will acquire 80 percent of the issued shares of Hua Tec. Hua Tec owns all of the issued capital stock of its subsidiary Guangdong Kingtec Electrical Co. Ltd. Per the agreement, TTE will assume control of all Kingtec’s resources, which it will use to assist in developing its patented Detonation Cycle Gas Turbine (DCGT) engine. “This acquisition should accelerate the process of advancing the DCGT through the design and manufacturing process. Our team is also determined to promote Kingtec as…

WednesdayMay 19, 2010 12:41 pm

China Skyrise Digital Service, Inc. (CSKD.OB) Posts Significant Gains in Q1 2010 Performance

China Skyrise Digital Service Inc., a China-based developer and installer of video-surveillance products, recently announced financial results for the three months ended March 31, 2010, posting solid increases in revenue and net income. For the first quarter of 2010, China Skyrise reported revenues at approximately $1.3 million, a strong increase of 231.9 percent versus $0.4 million for the first quarter of 2009. The company attributes the recovery of the Chinese real-estate market and significant increases in spending by real-estate developers. The company also launched a conservative strategy in marketing and sales and declined to take on projects that required large…

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