TuesdaySep 02, 2008 7:28 am

Caspian Services Inc. (CSSV.OB) Finding Caspian Sea Shallow Draft Services Vessels Booked, Desalinization Activities in Fast Growing Oil and Gas Region Add to Bottom Line

As most have likely noticed, when it comes to oil and gas the wild west of the US 1880’s has come to central Europe/Asia. Find it, drill it and get it to market is the cry of the day. It doesn’t matter what gets in the way, just get the product to market for sale. Just as in US oil history, there have been stumbling blocks for central European oil companies to overcome, but if a company can offer a service to solve the stumbling block, profit will be waiting on the other side. Caspian Services Inc., an oil and…

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TuesdaySep 02, 2008 6:25 am

XsunX Inc. (XSNX.OB) Garners First 100kW Project

XsunX Inc. (XSNX.OB) is a solar technology company engaged in the build-out of its multi-megawatt amorphous thin film photovoltaic (TFPV) solar manufacturing facilities in Oregon. The company has focused its efforts on the development of thin film amorphous technologies and products due to inherent advantages of amorphous silicon over other solar absorbers. In June 2008, XsunX announced efforts to develop business relationships directly with utilities working to meet governmental renewable energy mandates. In July 2008, the company responded to requests for proposals from utilities and government agencies in the western US. Currently XsunX has provided proposals to utilities and government…

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TuesdaySep 02, 2008 6:22 am

RedChip Featured Company: RXi Pharmaceuticals Corp. (RXII)

RXi Pharmaceuticals (RXII) is a biopharmaceutical company working towards the development and commercialization of proprietary therapies based upon RNA interference (RNAi). RNAi is considered to be a significant advancement in the field. In 2002, the journal Science selected RNAi as the “Breakthrough of the Year”. The discovery team, which included Dr. Craig Mello, one of the founders of RXi, was awarded the 2006 Nobel Prize in Medicine. It is believed that RNAi, which is a naturally occurring mechanism for the regulation of gene expression, can be used to selectively inhibit the activity of any human gene. RXi hopes to harness…

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TuesdaySep 02, 2008 6:18 am

RedChip Featured Company: Rock Energy Resources, Inc. (RCKE.OB)

Rock Energy Resources (RCKE) is an independent gas and oil company based out of Houston, Texas. In the early 1980’s, many independent companies abandoned prospective wells in the United States and turned to international and offshore opportunities. Rock Energy is taking another look at these untapped resources and is focused on acquiring the domestic offset and existing wells that show potential. Rock Energy has an established set of criteria when evaluating prospective wellsites. The team utilizes the most advanced 2D and 3D imaging, micromagnetics and other interpretive tools to help uncover opportunities. Typically, properties must pass a minimum ten-times-return payoff…

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TuesdaySep 02, 2008 6:14 am

RedChip Featured Company: Quantum Fuel Systems Technologies Worldwide, Inc. (QTWW)

Quantum Fuel Systems Technologies Worldwide, Inc. (QTWW) is a diverse alternative energy company engaged in the development and production of propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum provides solutions, from conception to production, to original equipment manufacturers (OEMs), commercial organizations, and governments. The company’s mission is to create breakthrough technologies that redefine the future of energy. Quantum is a Tier 1 supplier of “green” vehicle technologies to automotive OEMs. The company’s technologies are being fully integrated into the transportation industry. Quantum’s core hybrid electric, hydrogen, and alternative fuel technologies allow for energy efficient use in hybrid and…

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TuesdaySep 02, 2008 6:07 am

SpongeTech Delivery Systems Inc. (SPNG.OB) Reports Fiscal Year End Results

SpongeTech Delivery Systems Inc. (SPNG.OB) is a company which designs, produces, and markets innovative, cost-effective, and environmentally sensitive sponge-based cleaning products. These sponge-based products utilize SpongeTech's proprietary, patented technologies involving liquid absorbing foam and polyurethane matrices. The company's sponges are specially configured with an outer contact layer and an inner matrix. The sponge's inner matrix comes pre-loaded with specially formulated soaps that are released when the sponge is wetted and applied to a surface with minimal pressure. SpongeTech's current product line includes products for car care and pet care. The company is exploring additional applications for its technology including an…

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TuesdaySep 02, 2008 5:44 am

The Morning Edge – September, 2 2008

The major theme of today’s trading will be the response of the energy sector in the aftermath of Hurricane Gustav. Index futures point to strong openings as crude oil and natural gas continue to sell off after posting losses during special trading sessions over the weekend and Labor Day holiday. The storm, which barreled through the heart of Gulf Coast oil production and refining, failed to intensify as strongly as forecasters feared. Crude traded below $107 overnight, hitting 5-month lows. The dollar hit 6-month highs against the euro overnight, trading briefly over 0.69 Euros to the dollar. Commodities across the…

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TuesdaySep 02, 2008 5:37 am

Index Oil and Gas Inc. (IXOG.OB) Indexed for Future Growth

Originally incorporated in the U.K. in 2003, Index Oil and Gas Inc. is an early stage oil and gas exploration and production company. Trading on the OTCBB, they have a current market capitalization of $34.32 million. The company has their head office in Houston, Texas, as well as an office in Bath, England. Their oil and gas prospects are in Texas, Louisiana, and Kansas. In 2007, Index successfully focused on lower-risk properties to build reserves and near-term cash flow. For fiscal year 2008, Index focused on a balanced and risk-managed portfolio of prospects. The goal was to increase their reserves…

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TuesdaySep 02, 2008 5:34 am

Momentum Biofuels Inc. (MMBF.OB) is Picking up Speed for Profitable Growth

Momentum Biofuels Inc., headquartered in League City, Texas, engages in the production and marketing of biodiesel fuel. Trading on the OTCBB, they produce their biodiesel from soybean or mustard seed oil. Biodiesel is a renewable fuel that can also come from other vegetable oils, as well as animal fats. They are then blended with petroleum-based diesel fuel for use in existing diesel engines. Founded in 2006, Momentum is part of the Specialty Chemicals industry in the Basic Materials sector. Their biodiesel product is for local distributors, jobbers, and state and local government fleets in the United States. Their primary product…

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TuesdaySep 02, 2008 5:22 am

Brite-Strike Tactical Illumination Products, Inc. (BSTI.PK) Secures Order from International Law Enforcement Officials

Brite-Strike Tactical Illumination Products, Inc. (BSTI.PK) is pleased to announce that the German US Coast Guard, DEA, and SWAT teams have committed to utilizing Brite-Strike’s Tactical Balls, a tactical illumination product designed for use by law enforcement officers. The Tactical Balls are currently being used by the U.S. Coast Guard, the Drug Enforcement Administration (DEA), local U.S. SWAT teams, and law enforcement personnel. The Tactical Balls are 1 ½ inch diameter spheres with two white LEDs (>13,000 MCD) that each use two CR2032 batteries. Each ball is easily activated by a push-button switch and, when tossed into a room, is…

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