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WednesdayAug 13, 2008 6:11 am

Spongetech Delivery Systems Inc. (SPNG.OB) Rated Speculative Buy at Beacon Equity Research

Spongetech Delivery Systems Inc. (SPNG.OB) designs, produces, markets, and distributes cleaning products for vehicular use utilizing patented technology relating to sponges containing liquid absorbing foam polyurethane matrices. Spongetech's sponges are specially configured with an outer contact layer and an inner matrix. The inner matrix of the sponge is pre-loaded with specially formulated soaps and waxes that are released when the sponge is applied to a surface with minimal pressure. The company's lead product is the SpongeTech Ultimate One Step Car Wash & Car Wax System, a biodegradable multiple-use vehicle cleaning sponge formulated with high-quality soap and carnauba wax. Spongetech is…

WednesdayAug 13, 2008 5:13 am

China Medicine Corporation (CHME.OB) Reports Surge in Second Quarter Profit

China Medicine Corporation (CHME.OB), a developer and distributor of pharmaceuticals and nutritional supplements in China, reported strong second quarter financial results this morning. Revenues increased 40.8% year over year to $11.6 million, compared to $8.3 million in Q2 2007. Net income soared 118.8% to $2.5 million, or 16 cents per share, vs. $1.1 million, or 8 cents per share a year ago. No analysts currently cover the stock. Sales increased across the entire breadth of the company’s pharmaceutical portfolio. “We are pleased to report strong revenue growth driven by an increase in sales of pharmaceutical products through exclusive nationwide and…

WednesdayAug 13, 2008 4:48 am

Capital City Energy Group, Inc.’s (CETG.OB) CEO to Give Up Salary and Bonus

In this morning’s news, Capital City Energy Group, Inc. CEO Timothy W. Crawford announced that he has foregone his salary and any stock-based compensation for this year. As a result of this action, Mr. Crawford will not receive cash or stock compensation earned during 2008. According to the company, the CEO is the largest beneficial owner of shares. Commenting on the action, Mr. Crawford stated, “Since we have become public, the Company has made substantial progress in building both the exploration, production and energy services businesses. We have also incurred additional costs as a public entity that we did not…

WednesdayAug 13, 2008 4:32 am

Brite Strike Tactical Illumination Products Inc. (BSTI.PK) To Sponsor American Psychological Associate Mini Conference

Brite Strike Tactical Illumination Products Incorporated proudly announced today that it will sponsor the upcoming mini-conference of the Police & Public Safety Section of the American Psychological Association (APA). The mini-conference is scheduled to take place today, August 13, 2008, at Boston Police Headquarters, located at One Schroeder Plaza, Boston, MA, 02120-2014 beginning at 7:45 a.m. EST. President and founder of Brite Stike, Glenn Bushee, said of the press conference: “We are proud to sponsor Division 18: Police & Public Safety Section of the APA, which is approved to sponsor continuing education for psychologists. Section members are full-time or consultant…

WednesdayAug 13, 2008 4:15 am

Canadian Solar Inc. (CSIQ) Reports Q2 Results, Raises Guidance

Canadian Solar Inc. (CSIQ), a Chinese manufacturer of solar modules, reported strong second quarter financial results this morning. Revenues of $212.6 million rose 24% sequentially from $171.2 million in the first quarter. Sales year over year increased 252% from $60.4 million. Net income was $10.5 million, or 36 cents per share, compares to a net loss of $2.9 million, or 11 cents per share, in the Q2 2007. Net income fell sequentially from $19.0 million, or 61 cents per share. Non-GAAP net income for the quarter, excluding non-cash compensation expenses and one-time charges, was $23.0 million, or 78 cents per…

WednesdayAug 13, 2008 3:56 am

Volcom Inc. (VLCM) Business is Secure in Young American Hearts

Catering to the young is a double-edged sword. All business management is about future returns from present investments. It is not logical to do this for mature or older sections of society. Taking places in young minds can generate dividends for decades. However, stock investors crave for stability as well. We cannot deploy resources to build shares in fickle markets. Youth and fashion go together, but what if products and services in demand today go out of style tomorrow? This small-capital member of the Apparel/Accessories Industry seems to offer the best of both worlds. It not only targets young America,…

WednesdayAug 13, 2008 3:53 am

Pegasystems Inc. (PEGA) is a Beacon for Modern Business

Automation of business processes has become essential. Even government organizations, apart from corporations, need such software. Some organizations outsource a few of their processes; companies that do the work for them need computer programs as well. Here is a small-capital stock from the Software & Programming Industry of the Technology Sector. The second trading week of August 2008 has seen the stock price climb to nearly $15 against a 52-week low of $8.73. Institutions own 36% of the stock. The management is in the midst of a stock buy-back move. What makes this stock so desirable? Firstly, the stock is…

WednesdayAug 13, 2008 3:47 am

According to the Dow Jones – Lock in Some Profits!

The past month has been a blast for the bulls! Oil falling apart, a rising dollar, and gold dropping off a cliff... does it get any better for stocks? The time has come to consider taking those profits off the table. The Dow Jones technical chart has reached the territory where people should begin a conservative strategy. Annotated Dow Jones Chart This scenario is derived from the pattern the Dow Jones chart has formed: a 'Rising Wedge'. These patterns are considered bearish and serve as a warning that the current movement may be running out of gas. This pattern can…

TuesdayAug 12, 2008 3:29 pm

Thermage, Inc. (THRM) Announces Second Quarter 2008 Financial Results

Thermage, Inc. (NASDAQ: THRM), a company engaged in the design, development, manufacture and marketing of radiofrequency-based equipment and disposable products for non-invasive treatment of wrinkles in the United States and internationally, recently announced its financial results for the second quarter ended June 30, 2008. Revenue for the second quarter of 2008 totaled $17.9 million, a year-over-year increase of 2 percent from $17.5 million for the same quarter one-year earlier. The average selling price of treatment tips increased 12 percent over the second quarter in 2007. Additionally, international revenue climbed 10 percent over the past 12 months, which partially offset by…

TuesdayAug 12, 2008 3:28 pm

KI NutriCare to Acquire Allergy Research Group (ALRG.OB) for $1.33 per Share in an All-Cash Tender Offer Valued At Approximately $19.5 Million

Allergy Research Group, Inc. (OTCBB: ALRG), an innovative leader in nutraceutical research and product formulation, recently announced that the company and KI NutriCare, a wholly-owned subsidiary of Kikkoman Corporation (Toronto: 2801.TO), have entered into a definitive agreement for KI NutriCare to acquire Allergy Research Group for $1.33 per share or approximately $19.5 million. This acquisition, to be completed through Longhorn Acquisition Corp., is expected to accelerate KI NutriCare’s expansion in the nutritional supplement industry. Under the terms of the agreement, Longhorn Acquisition Corp. will commence a cash tender offer to acquire all of the outstanding shares of Allergy Research Group…

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