Blog - Page 4058 of 5434

FridayNov 28, 2008 9:02 am

Oil Prices Recede Ahead of OPEC Meeting

Oil prices slumped today as it appears there won’t be any production cuts before a regularly scheduled meeting in December. Gasoline prices receded as well and are now at prices that have not been witnessed since January of 2005. In just this month alone, the average national price has fallen 75 cents and is now down 41% from the average price a year ago. The price for oil has been volatile this week with prices being up 9 percent Monday, down 7 percent Tuesday, and up again Wednesday by more than 7 percent. Jim Ritterbusch, president of energy consultancy Ritterbusch…

FridayNov 28, 2008 8:32 am

Tri-Star Holdings, Inc. (TSHL.PK) Stands Out Among their Peers

Tri-Star Holdings, Inc. trades on the Pinksheets exchange, which is frequently associated with companies that have little disclosure and show little concern to the shareholder. However, prudent high-risk investors realize that not all companies fit this description and recognize the tremendous returns available in this market. Tri-Star Holdings began publicly trading through TSHL.PK in August of this year and has since then kept investors up-to-date on their progress every step of the way. In the last five months, Tri-Star has closed the acquisition of Blue Jay #12, Blue Jay #13 and Blue Jay #14 copper claims in the Lemhi Mountains…

FridayNov 28, 2008 6:47 am

MyECheck, Inc. (MYEC.OB) Increases Capacity 400% to Meet Demand

Today shortly after the opening bell, MyECheck announced that it has seen an increase in business and data processing as it signs on new clients and takes them live. To ensure they do not exceed capacity, the company has launched a new datacenter to increase transaction processing capacity by 400%. Although MyECheck never breached its previous threshold, the company believed it would be prudent to ramp up capacity ahead of time because of the growing number of transactions. MyECheck said the new data center provides better business continuity, redundancy and a very secure environment that will help minimize the probability…

FridayNov 28, 2008 6:20 am

Axial Vector Energy Corp. (AXVC.PK) Technologies have Numerous Applications

Axial Vector Energy Corp. has their focus on owning, developing and licensing advanced internal combustion engine and power generator technologies. One application of Axial Vector’s technology is within the automobile industry. Compared to conventional internal combustion engines on the market, Axial's engines have huge gains in torque per horsepower and a substantial decrease in parts that allow a 40,000 hour mean time to overhaul compared to the conventional 20,000 hour mean time to overhaul. The company also has a compelling opportunity in the marine sector. Because the watercraft market is sensitive to the weight and torque output of their vehicles,…

ThursdayNov 27, 2008 8:17 am

Juhl Wind, Inc. (JUHL.OB) is a Well Established Player in the Wind Farm Market

Juhl Wind, Inc. (JUHL.OB) is an established leader in community-based wind power development and management, focused on wind farms projects throughout the United States and Canada. As a pioneer in developing medium- to large-scale community-based wind farms, Juhl Wind has completed 11 wind farm projects and currently provides operations management and oversight to all farms within the portfolio. Due to a significant pipeline of new products, Juhl Wind’s revenues are expected to accelerate in the short term. In 2009, the company expects revenues to reach roughly $11 million and anticipates revenues near $16 million in 2010. Central to the development…

WednesdayNov 26, 2008 10:45 am

Pacific Sands, Inc. (PFSD.OB) Reports Fiscal 1Q 2009 Results; Sales Increase 96%

Today in afternoon trading, Pacific Sands announces net sales of $352,806 for the fiscal quarter ended September 30, 2008, an increase of more than 96% compared to fiscal first quarter 2008. The company also reported that it completed the expansion of its in-house manufacturing capabilities, which eliminates the need to outsource to contract manufacturers and will result in lower manufacturing costs. Michael Wynhoff, president of the company, stated, "We are very encouraged with the increasing market enthusiasm for the Natural Choices(TM) 'home safe' cleaning and laundry products, as well as our 'low chem' ecoone(R) pool and spa water management systems.…

WednesdayNov 26, 2008 10:18 am

PLC Systems Inc. (PLCSF.OB) Receives FDA Approval to Conduct and Expand Pivotal Trial

Roughly 7 million patients worldwide receive interventional cardiovascular therapeutic and diagnostic imaging procedures each year. Approximately 15 percent to 20 percent of all patients undergoing such procedures are at risk of developing Contrast-Induced Nephropathy (CIN), the third leading cause of in-hospital acute renal failure. Medical device company PLC Systems Inc. (OTCBB: PLCSF) develops cardiac and vascular technologies primarily in the United States. The company today announced it has received full approval from the U.S. Food and Drug Administration (FDA) regarding the company’s RenalGuard System, which was developed for interventional cardiology and radiology patients to eliminate toxins. The FDA approved the…

WednesdayNov 26, 2008 10:01 am

China Cuts Interest Rates by 1.08%

Today, China announced its largest interest rate cut in 11 years to encourage borrowing as well as its support of a multibillion-dollar stimulus package to boost slowing economic growth. Jing Ulrich, chairwoman of China equities for JP Morgan & Co., stated, “This is the most aggressive monetary easing in recent years and should bode well for China's market performance.” This interest rate cut is the fourth cut made in the last three months and is several times larger than the other three cuts as they were only 0.27 percentage points. Even with the large cut, Ulrich believes the effectiveness will…

WednesdayNov 26, 2008 9:52 am

Markets Rise for Fourth Consecutive Day after Obama Comments

Currently, the DOW is up over 89 points as stocks continue to recover from last week’s losses. Initially, the markets were down from yesterday’s close after reports of more economic weakness, but Obama's promise that “help is on the way” outweighed the negative reports. Todd Salamone, director of trading and vice president of research at Schaeffer's Investment Research in Cincinnati, had this to say, “Expectations have come down, but the big question is if that's rational or not. Certainly the stock market and the credit markets have suggested there might be some rationale in that, but time will tell." Let…

WednesdayNov 26, 2008 9:08 am

Macatawa Bank Corp. (MCBC) Continues to Find Conservative Neighborhood Banking Practices Profitable

As larger financial institutions struggle with fancy financial instruments and rescue packages, there are many smaller banks in the US that continue to loan and make money as they can. The local bank, where the loan officer actually remembers your name, is doing well and looking to capitalize when and where it can. As with any business in difficult financial times, there are losses to be had, but these types of banks have stepped up to lessen them. Macatawa Bank Corp., a Michigan Chartered Bank, operates 26 FDIC insured retail branch offices throughout western Michigan. The company has been experiencing…

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