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TuesdayMay 19, 2009 5:19 am

Harbin Electric, Inc. (HRBN) Enters Agreement to Co-Develop Linear Motor-Driven Train System

Harbin Electric, Inc., a company focused on developing and manufacturing a wide array of electric motors in the People's Republic of China, announced that it has inked an agreement with a domestic Maglev technology company to co-develop a linear motor-driven freight train system for coal transportation. First, the two companies plan to build a 850 meter long testing line in a coal mine in inner-Mongolia. Once the testing line is completed, the project is anticipated to expand to a 32 km long coal transportation line in inner-Mongolia. As terms of the agreement, Harbin Electric will provide linear motor driving systems…

TuesdayMay 19, 2009 5:11 am

Intelligroup, Inc. (ITIG.OB) Receives 2009 SAP(R) Pinnacle Award

Intelligroup, Inc, an information technology and outsourcing services provider primarily focused on enterprise resource planning (ERP) and extended ERP solutions, announced this morning that it has been awarded a 2009 SAP(R) Pinnacle Award in the category Top Company Contributor - SAP Developer Network (SDN) Community. SAP Pinnacle Awards are granted to leading SAP partners that have demonstrated exceptional customer experience, addressing crucial issues such as accelerating co-innovation and improving return on investment. Winners were chosen from 300+ nominations, twice the number in 2008, received from partners and SAP employees. "Our commitment and dedication to creating value for our customers and…

MondayMay 18, 2009 3:36 pm

May 18th CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: ACTC, AEN, CBAI, CVM, ENZ, ESYM, FMTI, GERS, ICLK, ITUI, IWEB, PHC, TAGS The rally that saw investors flooding back into equity markets with reckless abandon over the course of the last two months finally stalled last week, as profit-taking, coupled with some negative developments on the economic front, led to declines in all the major indices. All told, the Dow surrendered 306 points to close at 8268, down 3.6% on the week and 5.8% on the year. The Nasdaq finished marginally better, posting a 3.4% decline to finish at 1680 on…

MondayMay 18, 2009 1:08 pm

Bio-Clean International, Inc. (BCLE.PK) is “One to Watch”

Headquartered in Huntington Beach, California, Bio-Clean International, Inc. owns a minority interest in American Bio-Clean Corporation (ABC). American Bio-Clean is the exclusive, worldwide distributor of EnviroSystems EnviroTru® Disinfectant, Deodorizing and Sanitizer Cleaning Products for federal government and military facilities. ABC is a Service Disabled Veteran Owned Small Business (SDVOSB), which markets and distributes Bio-Clean International, Inc.'s cleaning fluids and parts/weapons cleaning machines. Bio-Clean's exclusive, non-toxic, bio-remediation fluids provide an environmentally-safe solution. Their exclusive products and machines have undergone testing and have shown to be in complete compliance with environment regulations. Bio-Clean International, Inc. trades on the Pink Sheets Bio-Clean also…

MondayMay 18, 2009 12:01 pm

Power3 Medical Products Inc. (PWRM.OB) Announces Positive Results for Company’s Parkinson Product

Power3 Medical Products Inc. is a leader in bio-medical research, particularly cancer biomarkers, pathways, and mechanisms of disease, through the development of diagnostic tests and drug targets. The company's patent-pending technologies are used to develop screening and diagnostic tests for the early detection and prognosis of cancers and neurodegenerative diseases such as Parkinson's disease. Power3 Medical announced today that results for the early stage diagnosis from clinical validation trials of the company's NuroProPD test for Parkinson's disease are better than expected. The NuroProPD test was developed to help clinicians distinguish patients with Parkinson's disease from “normal” individuals and patients with…

MondayMay 18, 2009 10:10 am

Worldwide Energy & Manufacturing (WEMU.OB) Announces Record Quarterly Revenue and Net Income

Worldwide Energy and Manufacturing USA, Inc., a fast growing manufacturing middleman between China and the U.S., recently announced record revenue and net income for the first quarter of 2009. Revenue increased a whopping 90% to $10.3 million, while net income jumped 132% to just over $506,000. Earnings per share increased 18% to $.13 when compared to the same period last year. Worldwide serves clients as an engineering and quality control firm, handling contract manufacturing in China. It allows U.S. and other clients to enjoy the huge cost savings of manufacturing in China, roughly 50% or more, with none of the…

MondayMay 18, 2009 9:00 am

Bonfire Productions Inc. (BNFR.OB) Secures Merger Agreement with Intervision Network Corp. (IVSW.PK) to Offer Streaming Media Products

Bonfire Productions Inc. is a development-stage company focused on the recording, publication and distribution of children’s fairy tales via its Web site and other online retailers. The company works to bleed international lines, providing multi-cultural content. The company today announced it has inked a merger agreement with Intervision Network Corp. (IVSW.PK) (IVNet), a streaming media technology company working through its subsidiary to provide production, distribution and development of Internet Protocol Television (IPTV). According to the press release, Bonfire Productions plans to launch the entire line of IVNet products (www.intervisionnetwork.tv), centering on the Ice Mobile (www.keepitonice.com) media phone, capable of broadcasting…

MondayMay 18, 2009 8:19 am

BWI Holdings, Inc. (BWIH.OB) Turns Trash into Cash

BWI Holdings, Inc. is growing in a critical part of the green movement that few people talk about or even consider. While most environmental attention remains focused on electric cars, solar cells, and windmills, this Canadian company has found success in the most unglamorous niche of all, garbage. Though still serving a relatively small population of businesses and residents, primarily in Alberta, BWI has set its sights on becoming the ultimate waste disposal and support enterprise. The company operates in four business segments: solid waste, liquid services, water hauling, and septic services. Increasingly stringent government regulations require companies and individuals…

MondayMay 18, 2009 7:16 am

Six Flags Inc. (SIXF.OB) May be a Sleeper Waiting to Happen

Given today’s economic conditions, closer to home entertainment seems to be a logical investment opportunity. In most respects, this is a solid concept that could pay off. However, it may prove a bit less so as overall spending is reduced. Variability is the unknown, but in either case consumers will spend closer to home at a reasonable cost. An investor that can find that closer to home entertainment option is one that will profit. Six Flags Inc., a regional amusement park operator, owns and operates 20 amusement parks in the U.S., Mexico and Canada. The company currently has plans for…

MondayMay 18, 2009 7:04 am

Energy Composites Corp. (ENCC.OB) Announces First Quarter Results, Revenues Increase 49%

Energy Composites Corp., a leading provider of composites-based solutions to the clean-tech sector, announced its financial results for the quarter ended March 31, 2009. The company reported a 48.7% increase in revenues for the quarter compared to the revenues generated during the same period in 2008. Gross profit also had a notable 20.8% increase. Sam Fairchild, ECC’s CEO, stated, “Our expansion and diversification strategy continues apace, with solid core market results in spite of economy-wide weaknesses. We are investing in our WindFiber™ strategy, and have announced our plans to construct a 350,000 square foot wind blade production plant in Wisconsin…

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