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WednesdayMar 17, 2010 12:09 pm

Beacon Equity Research Featured Company: U.S. Oil and Gas Corp. (USOG.PK)

U.S. Oil and Gas Corp. is an independent oil and gas exploration, development and production company with operations in Illinois, Kentucky and Indiana. The company was founded in 1990 by Anithalee Alex, Jr. After studying oil and gas exploration and development in geology school, Mr. Alex gained practical experience during the 1980s by working for several established oil exploration and development companies. By being part of the management team and working closely with geologists and drillers, he became experienced in oil exploration and oil field well management and built a network of contacts in the field. U.S. Oil and Gas’…

WednesdayMar 17, 2010 11:01 am

Arkanova Energy Corp. (AKVA.OB) Reaches Major Milestone

One company that is starting to gain recognition is the Arkanova Energy Corporation. Located in Houston, Texas, Arkanova is an up-and-coming exploration and junior production company that is engaged in the acquisition, exploration, and development of oil and gas properties. Today, Arkanova Energy made the announcement that they have received the completion of Schlumberger’s geological mapping and infield location at Provident Energy’s Two Medicine Cut Bank Sand Unit (TMCBSU). Arkanova received the completed data for the project on March 5, 2010 with an objective of this phase to provide updated structural maps of both the Upper and Lower Cut Bank…

WednesdayMar 17, 2010 10:58 am

Akeena Solar (AKNS) to Provide AC Installation Service for Lowe’s

California is known for its hot summers, which is why Akeena Solar has teamed up with Lowe’s to provide residential installation services of AC solar power systems in the state. The announcement comes just a few months after Lowe's Energy Center put Andalay AC solar panels on its shelves, making them the first grid-connected solar power systems sold by a major retailer. Andalay AC panels give homeowners a reliable, high-performing solar system. The system’s integration reduces the overall parts count by 80% and protects against performance-threatening breakdowns that occur with ordinary DC power systems. Andalay’s AC panels produce up to…

WednesdayMar 17, 2010 10:48 am

Stellar Pharmaceutic, Inc. (SLXCF.OB) Reports Profitability for 2009

Stellar Pharmaceuticals Inc. is a Canadian pharmaceutical developer and marketer of three products based on its core polysaccharide technology. The three products are: NeoVisc – for the symptomatic treatment of osteoarthritis, Uracyst – for the treatment of interstitial cystitis, an inflammatory disease of the urinary bladder wall and NMP22 BladderChek – a proteomics-based diagnostic test for the diagnosis and monitoring of bladder cancer. The company today announced financial results for the year ended December 31, 2009. All results are reported in Canadian dollars. Stellar's total revenues for 2009 were $3,581.300, up 39.9 percent from 2008 results. The increase in revenues…

WednesdayMar 17, 2010 10:46 am

OriginOil Inc. (OOIL.OB) CEO Takes Center Stage at Algae Fuels Conference in Amsterdam

The World Biofuels Markets Congress is to the biofuels market what the Oscars are to Hollywood. More than 4,500 “high caliber executives” and industry players from nearly 80 countries around the world have attended the conference to meet new customers and suppliers and to support innovation and competition within the biofuels industry. The 2010 conference was recently held in Amsterdam March 15-17, comprised of 264 high-level speakers, 100 exhibition stands and more than 1,400 participants. The Algae Fuels Conference headlined the event, featuring presentations by big names like Shell's joint venture Cellana, Dow Chemical, Algenol, the DOE's National Renewable Energy…

WednesdayMar 17, 2010 10:31 am

Harvest Natural Resources, Inc. (HNR) Powers Higher Net Income through Venezuela Operations

Harvest Natural Resources, Inc. reported net income of $5.1 million, or $0.15 per diluted share, in the fourth quarter of 2009, a vast improvement from the net loss of $16.8 million, or $0.51 per share, the same quarter in 2008. During 2009, Harvest Natural Resources, Inc. drilled 15 successful wells through its 32% owned Venezuelan affiliate (Petrodelta). This exploration and development program increased oil production in Venezuela to an average of 21,464 barrels of oil per day, or 7.8 million barrels per year. “Despite one of the most challenging business environments in recent memory, Harvest achieved several key milestones in…

WednesdayMar 17, 2010 10:30 am

Mannatech, Inc. (MTEX) Reports Higher Fourth Quarter Net Income

Mannatech, Inc. reported net income of $2.2 million, or $0.08 per share, in the fourth quarter of 2009, compared to net income of $620,000, or $0.02 per share, in the same quarter of 2008. Mannatech, Inc. said that fourth quarter of 2009 revenues fell by 8.4% to $70.1 million, from $76.5 million a year earlier. The company did see an increase in its international sales in the fourth quarter of 2009, which increased 8%, from $31.2 million to $36.3 million. Stephen Fenstermacher, the Co-CEO of Mannatech, Inc. said, “Our focus since mid-year of 2009 was to return to traditional cost…

WednesdayMar 17, 2010 10:22 am

Universal Detection Technology (UNDT.OB) Addresses First Responder Safety in Bioterrorism Attacks

Universal Detection Technology is a developer of early-warning monitoring technologies and counter-terrorism training programs to protect people from bioterrorism and other infectious health threats. The company today issued a response to the growing interest in the security and emergency response communities to protect first responders most susceptible to anthrax exposure. In other words, if there is a bioterrorism attack how can first responders preserve their own health and safety? For example, in the early stage of an inhalational anthrax attack, a one day delay in the initiation of chemoprophylaxis and treatment of exposed persons can result in thousands of additional…

WednesdayMar 17, 2010 10:21 am

ARI Network Services (ARIS.OB) Posts Solid Q2 and Half-Year 2010 Results, Leveraged by Strong Operations

ARI Network Services Inc., a leading provider of technology-based retail solutions for automotive dealers, distributors and manufacturers, today posted its results for the fiscal second quarter ended Jan. 31, 2010, posting a 35 percent revenue increase and strong operating results. Revenues for the quarter were reported at $5.4 million, a 35 percent hike from $4.0 million reported for the second quarter of 2009. Operating income increased 9 percent to $329,000 for the second quarter of 2010, compared to $303,000 for the second quarter of 2009. Net income increased to $176,000, or $0.02 per share, for the second quarter of fiscal…

WednesdayMar 17, 2010 8:38 am

NetSol Technologies, Inc. (NTWK) Partners with Atheeb Group to Launch New Joint Venture in Kingdom of Saudi Arabia

NetSol Technologies, Inc., a U.S. corporation focused on providing global business services and enterprise application solutions, today announced the formal operational launch of the Atheeb NetSol Limited joint venture. This launch marks a major milestone for the company as it focuses on the development of the dynamic fast growing Middle East market for IT services and software development. The Atheeb NetSol Limited joint venture will engage market development opportunities with the goal of penetrating the software engineering arena in key business sectors such as telecommunications, defense, public sectors and finance, among others. Atheeb NetSol Limited will leverage the strength of…

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