Blog - Page 4082 of 5440

TuesdayNov 11, 2008 10:09 am

China Precision Steel, Inc. (CPSL) Maintains Confidence Despite Q1 Revenue Decrease

Hong-Kong-based China Precision Steel (Nasdaq: CPSL) is a niche precision steel processing company engaged in the production and sale of high precision cold-rolled steel products and other specialty services. The company today announced its fiscal 2009 first-quarter results for the period ended September 30, 2008, noting that despite a tight economic environment the company is securing business with competitive pricing. Revenues for the first quarter of fiscal 2009 were $25.4 million, down 6.8 percent from $27.2 million for the same quarter of 2008. The company attributes the slide to a decline in high-carbon, cold-rolled coils and reduced orders from auto…

TuesdayNov 11, 2008 9:13 am

Vortex Resources Corporation (VTEX.OB) Showcases a Strong Management Team

Vortex Resources Corp is a publicly traded independent emerging natural resources company. The company's focus is on the acquisition, exploration, development and production of oil, natural gas and minerals. Recently, the young company has been making a name for themselves in Crockett County, Texas where they own the rights to drill 180 wells in the Adams-Baggett field. Vortex estimates that each well contains 500 million cubic feet of natural gas reserves, which will allow them to rise quickly in the natural resource industry. One of the reasons for the company’s success is their dynamic management team which is led by…

TuesdayNov 11, 2008 9:07 am

Gulf Resources Inc. (GFRE.OB) Should Benefit from Chinese Stimulus Targets, Only Marginally Affected by Olympics’ Shutdown

The pure capitalist tends to drool a bit at the mere mention of a captive market. The opportunity to sell into a marketplace that has only a few favored suppliers is a dream come true. In most instances, captive markets are few and far in-between, but when they do show up, it’s an opportunity to take advantage. To suggest China as a captive market, hinged on knowing the right people with the right permits, may or may not be a stretch. It is, however, a process/tradition that is an important part of doing business in China. Finding a Chinese company…

TuesdayNov 11, 2008 9:01 am

WorldWater & Solar Technologies Corp. (WWAT.OB) Releases 3Q Results, Highlights Large Scale Projects

Along with records revenues, WorldWater & Solar Technologies Corp (WWAT) also reported a gross loss in the third quarter, ending Sept. 30. WorldWater reported a $2.3 million gross loss for the quarter. Offsetting that news was a significant increase in revenues to $6.5 million compared with $4.4 million over the same time last year. Installations for the Valley Center Municipal Water District of Valley Center, California and a Denver International Airport project were the two biggest contributions of that revenue. The gross loss in 2008 was primarily the result of a solar project for the town of Windsor, Calif. that…

TuesdayNov 11, 2008 8:51 am

Is Starbucks (SBUX) Poised for Vente-Style Future Growth or Will Starbucks Go Stale?

Starbucks has had a tough year. This summer Starbucks announced the closing of 600 underperforming stores, including 61 stores in Australia. With fast food restaurants like McDonalds offering premium coffee, the coffee giant’s stock has taken quite a hit. To Starbucks’ benefit, McDonald's franchisees don't want to spend the money to implement the full premium beverage program. McDonald's has estimated it will cost an average of $100,000 per location. Fourth quarter and fiscal 2008 results show that perhaps next year might be better. Net earnings totaled $315.5 million for fiscal 2008, versus $672.6 million in fiscal 2007, while EPS for…

TuesdayNov 11, 2008 8:47 am

Western Standard Energy Corp. (WSEG.OB) Signs Agreement with East Dickenson Oil and Gas

Western Standard Energy Corp. is an independent oil and gas exploration company focused on providing domestic energy resources for a secure America. By teaming with partners and third-party service companies that are willing to incur the majority of costs and work associated with the exploration and drilling process, Western Standard is able to retain a lean corporate structure that favors increased return on investment. One of those partnerships is the newly signed agreement with East Dickenson Oil and Gas Co. The agreement covers a package of 10 State of North Dakota oil & gas exploration leases in and around Dickinson,…

TuesdayNov 11, 2008 8:45 am

China Proposes Economic Stimulus Package to the Tune of $586 Billion

China joins other major economies such as the United States, Japan and Germany which have already introduced their own stimulus plans. China’s plan calls for higher spending on roads, airports and other infrastructure, tax deductions for exporters and more aid to the poor and farmers. Spending on health and education will increase, as well as on environmental protection and high technology. China has also recently cut interest rates three times and lifted the limits on how much each Chinese bank can lend. Premier Wen Jiabao, the country's top economic official, said the plan is meant to boost investment and consumer…

TuesdayNov 11, 2008 8:44 am

Is General Motors Corp. (GM) Prepared to Radically Change?

Shares of General Motors hit a 60-year low today on market worries that the automotive giant will burn through their cash reserves in the first quarter of 2009. The Company has a $6.9 billion burn rate. With the current cash on hand number being $16.2 billion, you can see that the situation is ugly. To make the picture even uglier, Standard and Poor’s cut GM’s credit rating on Friday from B- to a CCC+. If GM can't complete asset sales, raise money in the financial markets, or get government assistance, the company will be short next year. A financial collapse…

TuesdayNov 11, 2008 8:40 am

BioSolar, Inc. (BSRC.OB) Continues its Move toward Full-Scale Commercial Production

BioSolar, Inc. has developed a breakthrough technology to produce bio-based materials from renewable plant sources, effectively reducing the cost per watt of solar cells. Most of the solar industry is focused on photovoltaic efficiency to reduce cost. BioSolar is the first company to introduce a new dimension of cost reduction by replacing petroleum-based plastic solar cell components with durable bio-based components. By removing petroleum from solar cells, BioSolar makes solar energy a true green source of energy. The company expects to begin commercial production of its BioBacksheet(TM) over the next few months and is gearing up for pre-production runs. There…

TuesdayNov 11, 2008 8:38 am

Fisker Automotive, Inc. to Open New Facility in Pontiac, Michigan; Utilizes Quantum Technologies, Inc. (QTWW) for Hybrids

Fisker Automotive, Inc. is an American premium car company with a cutting edge. Fisker cars use technology created by Quantum Technologies (QTWW) to achieve the world’s first true luxury plug-in hybrid sports car – The Fisker Karma. Quantum designs and manufactures state-of-the-art clean propulsion technologies, fuel and energy storage technologies and services including propulsion systems for hydrogen fuel cell vehicles, hydrogen internal combustion engine vehicles, compressed natural gas vehicles, liquid petroleum vehicles, hybrid electric vehicles and plug-in hybrids. Yesterday, Fisker announced that they will be aiding in the rehabilitation of the Michigan automotive industry by opening a 34,000 square foot…

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