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FridayOct 24, 2008 11:36 am

Stocks Fall Amid Continued Worries

Stocks were mostly down around the world on Friday as more and more individuals came to grips with the fact that we are indeed facing conditions indicative of a looming global recession. Another round of disheartening quarterly reviews and forecasts had the Dow dropping 400 points, though it was a small dive compared to what was expected by some on Wall Street. Superstitious as it may be, many investors can't help but remember that the 79th anniversary of the infamous stock market crash of 1929 (which later became known as Black Monday), is just four days away. Let us hear…

FridayOct 24, 2008 10:59 am

California United Bank (CUNB.OB) Posts Positive Q3 Results Despite Financial Storm

The markets took another dive this morning on fears of a global recession. Despite the saturation of negative news, some financial institutions are weathering the storm with organic growth and continuous solid loan service. California United Bank (OTCBB: CUNB) today announced positive third-quarter results for 2008, a continuance of previous positive financials reflecting the company’s consistent growth, profitability and loan quality. The company posted earnings at $2.51 million, or 50 cents per diluted share, as compared to $2.64 million for the same period last year. "We would be satisfied with these results in any economy," David I. Rainer, president and…

FridayOct 24, 2008 10:56 am

Weststar Financial Services Corp. (WFSC.OB) Reports Record Assets

Weststar Financial Services Corporation (WFSC.OB), a holding company for the Bank of Asheville, North Carolina, has reported record consolidated assets of over $193 million, as of September 30, 2008, a 13% increase over the same date figure for 2007. Total loans grew 21% from a year ago, to over $157 million, with deposits growing 14% to over $166 million. Shareholder equity increased by 9% to $15.8 million. In addition, asset quality remained strong for Weststar, displaying continued improvement, with the ratio of non-performing loans to total assets decreasing over the past year, further indicating that the bank’s traditionally conservative policies…

FridayOct 24, 2008 10:54 am

Elephant Talk Communications, Inc. (ETAK.OB) To Offer Advanced Multimedia

Elephant Talk Communications, Inc. (ETAK.OB), telecommunications and content services provider, today announced plans to expand their telecommunication services offerings through the use of converged multimedia services, providing enhanced voice and video communications through mobile phone and Internet connections. The company calls it an important step in the development of converging multimedia applications. The move is made possible through the combined technical support of Quentris, Belgium based network technologies company, and Dilithium, California based mobile video leader. Elephant Talk customers, primarily the business-to-business community within the telecommunications market, will be offered a range of new services, including multimedia communications, interactive voice…

FridayOct 24, 2008 8:02 am

Should Dollar Thrifty Automotive Group Inc. (DTG) be on Your Shopping List?

The recent downturn in the market has created incredible opportunities. Smallcap stocks that were trading for more than $15 a share are now headed toward sub-dollar territory. Of course some of these companies have incredible amounts of debt with little cash in the bank and a bleak future, but there are those who have also seen their stock price hammered even though they have good liquidity and maintain steady profits. Those who will gain the most from the market's inevitable rebound will be investors who carefully chose companies that are able to weather the storm without getting bruised or broken.…

FridayOct 24, 2008 6:47 am

Dutton Associates Featured Company: American Software, Inc. (AMSWA)

American Software, Inc. is a software developer and marketer, and supports one of the industry's most comprehensive offerings of integrated business applications, including enterprise-wide, supply chain management, Internet commerce, financial, warehouse management and manufacturing packages. American Software is the single source for value-based e-business solutions for the enterprise and the supply chain. American Software operates through their subsidiaries. American Software owns 86% of Logility, Inc. (NASDAQ: LGTY), a leading supplier of collaborative supply chain planning solutions via the Internet. New Generation Computing, Inc. (NGC), a wholly-owned subsidiary of American Software, is a global software company that has 25 years of…

FridayOct 24, 2008 6:42 am

Beacon Equity Research Featured Client: TXP Corporation (TXPO.OB)

Headquartered in Richardson, Texas, TXP Corporation is an Original Design Manufacturer (ODM) for the telecommunications industry. The company has three business units: TXP-Prototyping, Optical Network Terminals (ONT), and Retrofit Solutions. In essence, TXP Corporation helps electronics companies accelerate the time to market for new products. Overall, the company focuses on design and supply chain solutions that assist with new product development. The company offers printed circuit board layout, signal integrity analysis, prototyping and quick-turn electronic assembly, new product introduction, pilot production, material supply-chain development and the transfer of product-build data into production. The company's Optical Network Terminals unit develops and…

FridayOct 24, 2008 6:37 am

Hybrid Technologies Inc. (HYBR.OB) Changes the Way the World Drives

The Las Vegas, Nevada Company Hybrid Technologies is setting a new trend that is vastly becoming a friend of both the marketplace and environment. Hybrid has made national news because of their Plug-In Electronic Vehicles. A Plug-In Electronic Vehicle uses electricity to move vehicle’s wheels. A large portion of that electricity comes from the grid—by “plugging in.” Several of these unique automobiles have caught the eye of the world with vehicles that appeal to a wide array of people ranging from the sport car enthusiast to the soccer mom. The sports car enthusiast can capture the magic of the moment…

FridayOct 24, 2008 6:34 am

BioSolar, Inc (BSRC.OB) Files Patent for its Environmentally-Friendly Solar Cell Component

BioSolar, Inc. (BSRC.OB) is pleased to announce that earlier this week it filed a patent application to protect the unique inventions and processes behind its proprietary bio-based backsheet. The extensive patent application is expected to provide BioSolar full protection of its new BioBacksheet™ technology. BioSolar’s backsheet, which is a protective covering placed on the back of photovoltaic solar cells, is made from renewable plant sources that reduce the cost per watt on solar cells. Most silicon-based solar-cell manufacturers today rely on costly traditional backsheets, like the Tedlar® by DuPont, that are petroleum-based. “As the solar industry aims to make the…

FridayOct 24, 2008 5:59 am

Elray Resources Inc. (ELRA.OB) Makes Zircon Find in Indonesia, Joint Venture Likely to Develop Deposit

Seeing a company reach certain milestones always gives an investor a solid feeling of self worth. In many ways, explorers of old were looking for the same sort of feeling, discovering something where others thought there was none. Succeeding in this quest almost makes one’s heart swell. A solid monetary reward is always nice, but sometimes an investment in a long shot maverick company can offer the same feeling. Elray Resources Inc., a junior mining company, works from a technical perspective to identify and develop, through joint ventures, mining opportunities in Indonesia and North America. The company is currently pursuing…

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