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MondayNov 03, 2008 3:49 pm

November 3rd CEOcast Weekly Newsletter

Companies featured in the current edition of the newsletter: ACTC, CETG, CNLG, GCEH, GNBT, GSIV, HYTM, ICLK, PLKH, SRRY There was certainly no shortage of news for the financial community to digest last week and extreme volatility remained even as the VIX Index declined below 60 on Friday for the first time since October 21. The Dow gained 946 points, or 11.3%, for the week, trimming its annual loss to 29.7%. The Nasdaq added 169 points for the week and reduced its annual loss to 35.1%. The S&P rose 92 points, trimming its yearly decline to 34.0%. Meanwhile the small-cap…

MondayNov 03, 2008 2:27 pm

SinoHub, Inc. (SIHI.OB) Appoints Veteran Wall-Streeter and Financial Manager Charles Kimball to its Board of Directors

Continuing its development as a provider of supply chain management and vendor managed inventory services to electronic product manufacturers, component suppliers and distributors in China, SinoHub, Inc. reported that it had added Charles Kimball to its Board of Directors. Kimball will also serve on the Board’s Audit and Compensation Committees. Kimball, 63, has extensive experience in advising businesses operating in the Far East and in analyzing the electronics industry. Currently, he serves as the chief research consultant for Bosera Fund Management Co., Ltd., one of the original mutual funds to be formed in China. Formerly, he worked almost 30 years…

MondayNov 03, 2008 2:24 pm

XO Communications (XOHO.OB) Senior VP and General Counsel Wins Chief Legal Officer Award

More than 1,700 members comprise the Washington Metropolitan Area Corporate Counsel Association (WMACCA), which was organized to encourage education and advancements in the corporate legal field. XO Communications (OTCBB: XOHO) today announced that senior vice president and general counsel Simone Wu was named Outstanding Chief Legal Officer as part of WMACCA's fourth annual Corporate Counsel Awards on the basis of her leadership and ability to execute all executive responsibilities effectively. Wu attributed her success and the company’s to the efforts of her entire legal team. "I was honored to be chosen as this year's Outstanding Chief Legal Officer by WMACCA,"…

MondayNov 03, 2008 1:59 pm

Location Based Technologies Inc. (LBAS.OB) is “One to Watch”

Trading on the OTCBB, and headquartered in Anaheim, California, Location Based Technologies Inc. designs and develops personal locator devices and services. They are the developer and manufacturer of the PocketFinder™ Personal Locator and the Pocketfinder ™ Network. The company's products are both switch and network-based and use wireless data services. They also use voice recognition, and location-based tracking capabilities. A user can monitor the location of their PocketFinder™ and other PocketFinder Personal Locator devices. The company's People-PocketFinder is a small location device that allows a user to locate a family member's device location at anytime from almost anywhere via the…

MondayNov 03, 2008 1:29 pm

Greenchek Technology, Inc. (GCHK.OB) is Moving Forward with a “Green” Product

Greenchek Technology is engaged in the provision of hydrogen-based technology with both transportation and power generation applications. The company also specializes in greenhouse gas emission reduction technologies for the transportation industry, greatly reducing pollution, and increasing fuel efficiency. Greenchek's ERD (emission reduction device) 1.0 can be fitted to any vehicle with an internal combustion engine, regardless of the fuel source or make of the vehicle. The company recently commissioned Clean Air Technologies, Inc. to certify that the ERD 1.0 unit is a significantly beneficial implement. As a result of the positive feedback from Clean Air Technologies, Greenchek has decided to…

MondayNov 03, 2008 1:14 pm

Manufacturing Sector Reports Slowed Production

October brought trouble for many manufacturing companies, as new orders and production levels fell to a twenty-six-year low. The Institute for Supply Management released figures on Monday, showing a manufacturing index value of just 38.9, its lowest point since September of 1982. Lending further creedence to the notion that we are in fact in the midst of a recession, unemployment rates are hovering at or near five-year lows. Let us hear your thoughts below:

MondayNov 03, 2008 1:13 pm

Oil Futures Fall Four Dollars on Monday

Amid ongoing concerns for the overall health of world economies and sharply-falling demand, U.S. crude oil futures sank more than $4 on Monday. Crude slated for December delivery fell below $64 per barrel on the New York Mercantile Exchange. The level reflects a drop of more than five percent in a single afternoon. At least for the moment, lowered oil and gas prices are giving a break to market-weary consumers at the pumps. Let us hear your thoughts below:

MondayNov 03, 2008 1:13 pm

Batten Down the Hatches – Experts Warn of Prolonged Recession

This Monday, a survey was conducted with some of the top economic experts in the world, and unfortunately, the general consensus on global economic status was rather grim. The majority of those polled believe that the recession now being felt around the world is going to last through all of 2009. Ken Simonson, spokesperson for the National Association of Business Economists said: "There has been a sharp decline in current and near-term expectations among economists. This represents a big turnabout in attitude about the economy." Let us hear your thoughts below:

MondayNov 03, 2008 1:12 pm

The Fight Zone, Inc. (TFZI.OB) is Entering a Market That Could be Full of Rewards

Mixed Martial Arts (MMA) has become one of the fastest growing sports in the United States. With the first matches taking place back in 1993, MMA was once a pure underground sport, but beginning in this century new rules and investors gave the enterprise a new look. In 1997, MMA literally went underground after being banned throughout most of the United States. After strict rules were imposed and a successful public relations effort was launched by the Ultimate Fighting Championships (UFC) and Zuffa, LLC, the company that purchased the UFC, MMA began to be sanctioned by various boxing and other…

MondayNov 03, 2008 12:06 pm

Abraxas Petroleum Corporation (NASDAQ: AXAS)

Abraxas Petroleum Corporation (NASDAQ: AXAS), an independent natural gas and crude oil exploitation and production company, is focused on increasing shareholder value while maintaining financial flexibility and liquidity. The company is currently committed to developing its existing asset base while acquiring leases that fit strategically within its current portfolio. Abraxas targets conventional reservoirs, as well as emerging resource plays. For further information, visit the Company's web site at www.abraxaspetroleum.com.

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