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MondayJan 12, 2009 9:27 am

GE Drivetrain Technologies to Supply 900 Wind Turbine Gearboxes to A-Power Energy Generation Systems (APWR) and Establish Joint Venture

Today shortly before the opening bell, GE Drivetrain Technologies, a unit of GE Transportation, and A-Power Energy Generation Systems announced that they have inked two Letters of Intent (LOI). One dictates GE Drivetrain Technologies will supply A-Power with 2.7 megawatt (MW) wind turbine gearboxes, while the other establishes a Joint Venture partnership for a wind turbine gearbox assembly plant. As terms of the agreement, GE Drivetrain Technologies will supply A-Power with 900+ 2.7 MW gearboxes beginning next year. ''We're excited about the opportunity to serve A-Power," commented Prescott Logan, Business Leader GE Drivetrain Technologies. ''The speed and focus that A-Power…

MondayJan 12, 2009 9:11 am

Stocks Slide Ahead of Earnings Reports

As of 12:05 PM EST, the DOW is down 102.43 points (-1.19%) as investors anxiously await earnings reports expected later this week. Wall Street is anticipating bleak fourth-quarter and full-year numbers, especially after quite a few companies warned last week that they are being hit hard by the recession. "It's to be expected that there will be some retrenchment," said Scott Armiger, portfolio manager at Christiana Bank & Trust. "Before Friday, the market was up 20 percent, and so you have to fully expect 'OK, this is not going to recover straight up. It's going to be jagged.'" Let us…

MondayJan 12, 2009 8:29 am

Excitement is Brewing with Magnum D’Or Resources, Inc. (MDOR.OB)

Magnum D'Or Resources, Inc. announced last week that it has established tentative plans for corporate expansion and is preparing announcements that will be released during the current year. According to the press release, expansion and joint venture projects may exceed $50 million this year. The company owns the exclusive rights to an array of next generation cost-saving custom compounds, patents, process technology, and trade secrets that enable rubber to be reconstituted and specially blended into EPDM powders, and EPDM compounds. Magnum intends to continue developing new high tech custom compounds, processing aids, recycling solutions, and advanced state-of-the-art equipment. The tentative…

MondayJan 12, 2009 8:10 am

Hunt Gold Corp.’s (HGLC.PK) Properties have Huge Potential

In a previous article we featured the Mocking Bird, Ambassador and Gold Eagle properties, but in this one we will focus our attention on the Gladstone Lookout as well as the Starlight, American Flag, Venezia, Stormcloud, Buffalo, Lime Cap, Red Cloud and Federal Mines. The Gladstone Lookout is a 460 acre claim block that also includes a 50% interest in the mineral rights of the patented Lady Alde gold mine, as well as the Lookout Silver Mine. The Lookout is located on the same vein as the Arizona silver mine, which produced over $4.5 million of silver, with grades up…

MondayJan 12, 2009 7:09 am

BWI Holdings, Inc. Again Wins Prestigious ‘Consumers’ Choice Award’

BWI Holdings, Inc. (OTCBB: BWIH) operating as Budget Waste Inc. (the "Company") is pleased to announce that it has been awarded again the prestigious Consumers' Choice Award for Business Excellence in the Waste Management category for the year 2008/2009. The Consumers' Choice Award is awarded to businesses chosen by the general public and the business community through an independent and objective survey, conducted by Leger marketing, one of the largest and most respected survey research companies in the world. Jim Can, BWI's President & CEO, stated, "This public approval award recognizes BWI's hard work and dedication to provide excellent service…

MondayJan 12, 2009 6:58 am

Sector 10, Inc. (SECT.OB) Builds Success with an Established Board of Directors

The Chairman of Sector 10’s Board of Directors is Pericles DeAvila who is the founder, inventor and creative thinker at Sector 10. He is recognized for inventing the Pericles LogiX System and the Mobile Response Unit and Stationary Response Unit, the core of the Sector 10 product line. Previously, Mr. DeAvila co-founded Dagcon General Construction, a 375-employee subcontractor in the San Francisco area where he was involved in the development of metal frame construction methods for residential homes in the Los Angeles area. Larry Madison has been given the responsibility of overseeing all aspects of financial management and reporting for…

MondayJan 12, 2009 6:17 am

MyECheck, Inc.’s (MYEC.OB) Comprehensive Check 21 Services are Bringing Innovation to the Ecommerce Landscape

MyECheck, Inc., a Federal Reserve certified Check 21 provider, offers the industry’s most comprehensive suite of check image creation and clearing solutions. From back office check image clearing to real time internet processing, the company is offering a solution that will help businesses save money and unlock a larger potential customer base. MyECheck's RCC image service is the world’s first Check 21 processing solution for remote and online transactions. The company’s RCC solution can clear funds from any checking account in the Federal Reserve banking system; more institutions than ACH can reach. RCC images also clear faster than ACH, and…

FridayJan 09, 2009 1:32 pm

Nexia Holdings, Inc. (NXHD.OB) Identifies Seven Residential Properties for Acquisition

Nexia Holdings, Inc. announced after the bell today that the new management of Wasatch Capital Corp. has identified seven properties for acquisition under the real estate acquisition strategy recently announced. According to the press release, the estimated value of the properties is $1.6 million. Currently, the company is performing due diligence on the properties to establish the final purchase price and conditions. The value of each of the properties range from $90,000 to $480,000, all of which are located in the northern Utah area, from the Salt Lake Valley north to Ogden, Utah. Richard Surber, CEO of Nexia Holdings, stated,…

FridayJan 09, 2009 1:14 pm

Emmis Communications Corp. (EMMS) Announces Financial Results of 3rd Quarter

Today before the opening bell, Emmis Communications Corp. reported its third fiscal quarter results ended November 30, 2008. For the quarter, net revenue was $85.1 million, compared to $90.6 million for the same quarter of 2007. Diluted net income per common share from continuing operations was ($3.45), compared to ($0.21) for the same quarter of the prior year. Without a non-cash impairment charge of $3.51 per share, the company’s diluted net income per common share from continuing operations would have been $0.06. Following the announcement of the financial results, Emmis’ stock rose over 46% in morning trading hours. Emmis Chairman…

FridayJan 09, 2009 9:37 am

Daystar Technologies Inc. (DSTI) Ramping Utility Level CIGS Solar Panel Production

First generation products are always a nice “gee-whiz” sort of thing. Following-generation products, unfortunately, need to deal with the realities of a product performing to a certain level. In most instances, making the leap to this following level is a difficult one as most consumers of the following generation product have a certain expectation of what the product needs to be able to do. If an investor can find that following generation product and a solid manufacturer behind it, he/she may have a solid route to profit. Daystar Technologies Inc., a thin-film photovoltaic products company, develops, manufactures and markets photovoltaic…

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