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WednesdayOct 01, 2008 5:18 am

Red Chip Featured Company: Edgewater Foods International Inc. (EDWT.OB)

As consumers continue to look for healthier options for meals, Edgewater Foods International Inc. (EDWT.OB) has a variety of seafood for those on the west coast of North America. Edgewater is the parent company of Island Scallops Ltd. (ISL), a Vancouver Island (British Columbia, Canada) aquaculture company that focuses exclusively on providing seafood items produced in private hatcheries and grown on ocean farm sites. ISL was established in 1989 to commercialize the Canadian government’s research on the development of scallop aquaculture and was acquired by Edgewater in June 2005 through a non-taxable merger. Over the last 15 years, ISL has…

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WednesdayOct 01, 2008 5:15 am

Red Chip Featured Company: Elephant Talk Communications Inc. (ETAK.OB)

Elephant Talk Communications Inc. (ETAK.OB) is an international telecommunications operator and integrator in the multimedia industry. The company provides telcom services, distribution services and media streaming to business-to-business companies within the international telecommunications sector. Elephant Talk provides system integrator and developer services for mobile telecom and content distributors. With its work as a mobile virtual network enabler (MVNE), the company has positioned itself as a premier outsourcing partner for mobile network operators (MNO’s) and Mobile Virtual Network Operators (MVNO’s). It also assists its MNO partners in providing a broad set of sophisticated services to their clients. Additionally, Elephant Talk is…

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WednesdayOct 01, 2008 5:11 am

Lighting Science Group Corp. (LSCG) Continues to Illuminate

Lighting Science Group Corporation designs, manufactures, and markets LED lighting solutions for consumer and professional applications. Trading on the OTCBB, they have their main headquarters in New York City, with additional offices in Dallas, Texas; Rancho Cordova, California; Westampton, New Jersey; Satellite Beach, Florida; Tokyo, Japan; Goes, the Netherlands, and Buckinghamshire, England. Their products include ready-to-use LED lamps and luminaires, display lighting products, replacement lamps, low-bay fixtures, lighting fixtures, and standard form factor bulbs. They also design and manufacture customized lighting solutions for architectural and artistic projects. Lighting Science Group also markets to the gaming, retail, and commercial, industrial, and…

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TuesdaySep 30, 2008 6:13 pm

Security Software Company Palamida Names Boisvert as Board Chairman

Three years ago, open source software veteran Andre M. Boisvert joined Palamida's board of directors. Yesterday, Boisvert was appointed chairman. According to the company's news release, Boisvert will also take an active role in business development and expansion for Palamida. “This is a major step forward for Palamida,” said Mark Tolliver, Palamida CEO said at the time. “Our business continues to accelerate as governments and industries around the world increase their usage of open source based solutions. … We are indeed fortunate to have one of the industry’s most recognized and successful open source entrepreneurs add his expertise to our…

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TuesdaySep 30, 2008 6:10 pm

Valence Technology, Inc. (VLNC) Appoints Goolsby as CFO

Valence Technology, Inc. (NASDAQ: VLNC) announced today that it welcomes Ross A. Goolsby, as its new chief financial officer, effective Nov. 17. "Ross brings with him an outstanding skill set in finance and information technology, including extensive planning and budgeting, internal controls and SEC reporting experience," said Robert L. Kanode, Valence president and CEO. "A seasoned professional with nearly 20 years of diverse experience, Ross will be an excellent addition to our talented senior management team.” Valence, based in Austin, Texas, develops lithium phosphate energy storage units and components, including the first reliable and rechargeable lithium phosphate battery. It has…

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TuesdaySep 30, 2008 5:09 pm

Avatech Solutions, Inc. (AVSO.OB) Announces Flat Revenues for the Fiscal Fourth Quarter of 2008

Avatech Solutions, Inc. (AVSO.OB), the nationwide technology expert for design, engineering, and facilities management, recently announced its financial results for the fiscal fourth quarter and year ended June 30, 2008. The company’s stock declined earlier this week on the announcement of flat revenues for the fourth fiscal quarter of 2008. Quarterly revenues totaled $11.5 million, compared to $11.5 million in the prior-year quarter. For the fourth quarter of fiscal 2008, net income reached $742,000, or $0.03 per fully diluted share, compared to a net loss of $(874,000), or $(0.07) per fully diluted share, in the same period one year earlier.…

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TuesdaySep 30, 2008 5:08 pm

Fuqi International Inc. (FUQI): Shiny Profits from China?

Fuqi International (FUQI) is a designer and maker of precious metal jewelry in China. The company produces and sells rings, bracelets, necklaces, earrings, and pendants made from precious metals such as platinum, gold, palladium, and karat gold. Fuqi International also features products with diamonds and other precious stones. Last week, the company announced that it opened its first stores in China's capital of Beijing and another store in Shanghai, a major population center and tourist destination in China. The company now has a total of 60 stores in its home country of China. For the third quarter, Fuqi International anticipates…

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TuesdaySep 30, 2008 2:59 pm

Curtiss-Wright Corporation (CW) Received Multi-Year Contract from Saab Aerostructures

Curtiss-Wright Corporation (CW) designs, manufactures and overhauls products for motion control and flow control applications, and provides a variety of specialized metal treatment services. The company, based in Roseland, New Jersey, was formed in 1929 through the merger of Curtiss Aeroplane and Motor Company and Wright Aeronautical Corporation. Based in Roseland, New Jersey, the company has approximately 7,600 employees worldwide and has offices across the United States, Canada, and Europe. The company recently received a follow-on, multi-year contract valued at over $80M from Saab Aerostructures to provide the mechanical system and structural fittings for the Boeing 787 large cargo door.…

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TuesdaySep 30, 2008 1:02 pm

Simtrol, Inc. (SMRL.OB) Offers Novel Applications

Simtrol, Inc. (OTCBB: SMRL) is an innovative provider of device control and monitoring software. The company develops scalable software solutions that give their users cost-effective management solutions for disparate devices utilized in complex environments, including boardrooms, courtrooms, and operating rooms. Unlike past device control and monitoring solutions, which were driven by proprietary closed-architecture hardware-based solutions, Simtrol offers an open software-based approach that incorporates standard interfaces. This means smoother, more timely integration and fewer software/hardware conflicts. Digital signage is a powerful communications platform for efficiently delivering messages to large numbers of people via display devices such as plasma screens, LCD's, and…

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TuesdaySep 30, 2008 11:51 am

S&P Home Price Index at All-Time Low

The Standard & Poor's housing index fell 16.3 percent in July, the largest decline since it began in 2000. For the fourth straight month, there was not a single pricing increase for any of the twenty cities in which studies for the index are conducted. Though the outlook seems rather dim, monthly declination rates have been steadily decreasing. However David Blitzer, chairman of the S&P's index committee feels that there is "no evidence of a bottom." Let us hear your thoughts below:

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