Blog - Page 3943 of 5496

FridayJul 24, 2009 3:55 pm

Gouverneur Bancorp (GOVB) Results Not Affected By Recession

Gouverneur Bancorp reported a net profit of $314,000, or $0.14 per share, in the second quarter of 2009. This was a strong increase from the $0.10 per share reported in the same quarter of 2008. The bank had $141.4 million in total assets as of 6/30/2009, and non-performing assets as a percent of total assets are at a low 0.92%. Gouverneur Bancorp also announced that it was instituting a stock repurchase program since its stock price was trading at a significant discount to its book value of $9.45 per share at the end of the quarter. Mr. Richard F. Bennett,…

FridayJul 24, 2009 3:42 pm

Novagen Solar Inc. (NOVZ) is “One to Watch”

Novagen Solar Inc. is a development stage company that trades on NASDAQ's OTCBB. The company engages in the marketing, sale, and distribution of a variety of innovative photovoltaic products. These products are for use in a wide range of commercial, industrial and residential solar power generation systems. Novagen Solar Inc. has their headquarters in Toronto, Ontario. Photovoltaic (PV) systems find use in industrial, commercial, and residential applications to convert sunlight directly into electricity. Higher global energy prices, increased environmental awareness, and the desire for energy security are accelerating the adoption of solar power. Governments worldwide have implemented various tariffs, tax…

FridayJul 24, 2009 11:10 am

Nordic Turbines Inc. (NDTI.OB) GC Nordic Merger Swiftly Underway

Nordic Turbines Inc. announced that the proposed merger with wind turbine manufacturer GC Nordic is steadily moving ahead as planned. As part of the acquisition announced in May, a second secured loan in the amount of $2,500,000 USD has been sent to GC Nordic, bringing the total secured loan amount to $3.5 million USD. The loans will cover inventory acquisitions further to the completion and delivery of a large turbine order currently under contract. Upon completion and acceptance by both parties, the proposed definitive agreement will result in a merger between Nordic Turbines and GC Nordic. Subsequently, the shareholders of…

FridayJul 24, 2009 11:00 am

Artfest International, Inc. (ARTI.OB) Announces Highly Successful “Sizzling Summer Saturday”

Artfest International, Inc. was pleased to announce this morning that the company received $370,000 in new purchase orders from this past weekend's "Sizzling Summer Saturday" art extravaganza at the company's 52,000 square foot Expo Center in Dallas, Texas. Artfest International's new South Korean sales office accounted for approximately 46% of those orders and is expected to generate an average of $500,000 of new sales per month. National and international artists that appeared in person include: Ginger Cook, Lisa and D. Arthur Wilson, Tom Dubois, Julia Polansky, Romanho, and Harry Thompson, among others. Attendees with a passion for fine art were…

FridayJul 24, 2009 10:40 am

One Voice Technologies, Inc. (OVOE.OB) Updates Investor Community

One Voice Technologies, Inc.'s Chairman and CEO Dean Weber issued the following corporate update to investors today: "We are working closely with our carrier customer in India, MTNL, along with our local sales partner Mantec Consultants in Delhi, India on the launch of our MobileVoice Remote Email Access service. The key to a successful service launch is a powerful marketing campaign which we just received approval from MTNL and they have informed us that the marketing campaign will begin within the next two weeks. This approval from MTNL is a major milestone for our company and is a tremendous accomplishment…

FridayJul 24, 2009 10:37 am

Keep DoMark International, Inc. (DOMK.OB) on Radar!

Trading on the OTCBB, DoMark International, Inc. engages in a business strategy of acquiring private and public entities, and then managing and deploying assets and shared services to their subsidiary entities. These entities are involved in Technology, Medicine, Business Services, Sports, and Alternative Energy. The company has their corporate headquarters in Oviedo, Florida. DoMark owns Victory Lane, Inc., Javaco, Inc., Motivation Advantage, Inc., ECFO Corporation, Inc., Emerging Growth Advisors, Inc., Crowley and Company Advertising, Inc., and Executive Sports and Entertainment, Inc. They also recently formed MedQuest, Inc. to effect acquisitions in the medical sector. The Company’s Victory Lane is an…

FridayJul 24, 2009 9:54 am

North American Palladium Inc. (PAL) Gears Up to Take Advantage of New Resources

In these hectic economic times, hedging one's bets is always a wise idea. What may or may not happen to the world economy now or down the road should be a concern. Although price swings are a concern, metals are a solid way to hedge. Some investors prefer owning the actual metal while other's find owning the mining company a better way to go. Each has its pluses and minuses, but at least a small part of a portfolio should include one of these options in any particular concentration. North American Palladium Inc., a diversified precious metals exploration and development…

FridayJul 24, 2009 9:51 am

Brazil is More Than Soccer and ‘Carnival’

Many investors rarely think about Brazil as a place to put their investment dollars. They think Brazil is just a country that goes crazy over soccer and has a wild 'Carnival' every year in Rio. But Brazil is so much more. They may have the best economy in the Americas. Brazil has made great strides under current President Luiz Inacio Lula da Silva, commonly known as Lula. Lula took office on January 1, 2003 and he has, since being in office, run a very orthodox fiscal policy. The country has maintained fiscal and trade surpluses for the better part of…

FridayJul 24, 2009 9:50 am

It Was The Best Of Times, It Was The Worst Of Times

Forget Charles Dickens and A Tale Of Two Cities, I’m talking about right now. After all, when was the last time the U.S. government was willing to give you as much as $4,500 to help you buy a new car . . . and a car company was willing to match it? Also, when was the last time you remember house prices falling 30%? The story goes that the word “depression” was chosen by President Hoover as a way of describing the economic crisis of the 1930s, because the previously used word “panic” sounded too alarming. Well, with unemployment approaching…

FridayJul 24, 2009 9:47 am

Solonex Management Inc. (SLNX.OB) to Customize Steam Injection System for Customers

Solonex Management Inc. is a company working on the development, manufacture and sales of renewable and waste energy technologies. One product Solonex is working on is the Steam Injection System which is intended for use in the oil sands and shale/heavy oil industries. The company's Steam Injection System is designed for use in oil fields where high-pressure steam can be injected into the oil formation to help dilute and separate the heavy oil from the earth. Solonex's Steam Injection System requires a lot capital to manufacture, so the company will not initially maintain an inventory of the product. As is…

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