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MondaySep 08, 2008 3:58 am

The Morning Edge – September 8, 2008

The U.S. Treasury Department finally stepped up to the plate over the weekend and seized control of Fannie Mae and Freddie Mac. The nation’s largest mortgage lenders have had implicit federal backing as government sponsored enterprises (GSEs). Mounting losses from the sub-prime mess have artificially held up mortgage rates despite multiple Fed rate cuts, making home-ownership more expensive and exacerbating the housing crisis. Now that federal support is fully explicit, the concerns of major holders of Fannie and Freddie debt, including China and Russia, should be ameliorated, and mortgage rates should come down. Overseas markets in Asia and Europe rallied…

SaturdaySep 06, 2008 5:38 am

eDOORWAYS Corporation (EDWY.PK) Platform will Provide Expert-Level Community Content Contributions

eDOORWAYS Corporation (EDWY.OB), a web-based consumer problem-solving gateway, lifestyle information source and online business-to-consumer marketplace, is aggressively pursuing its growth initiatives to turn social networking into a profitable business model. One advantage of the eDOORWAYS community compared to its mainstream competitors MySpace and Facebook is the flexible platform design and “expert” level capability. For professional experts, such as accredited, published journalists, there is a “gold level” profile status that allows users to specifically target their areas of expertise by adding unique profile keywords. In order to establish a credible, knowledge-based community, eDOORWAYS experts can be paid for their knowledge. The…

SaturdaySep 06, 2008 5:36 am

Chief Executive Officer of Smith & Wesson Holding Corporation (SWHC) Discusses First Quarter Financial Results

Smith & Wesson Holding Corporation (NASD: SWHC), a manufacturer of handguns, law enforcement products, and firearm safety and security products, recently announced its financial results from the fiscal first quarter ended July 31, 2008. Shares opened lower late last week after the company reported quarterly net income of $2.3 million, or $0.05 per fully diluted share, compared with $4.7 million, or $0.11 per fully diluted share, for the comparable period in 2007. Net product sales totaled $78.0 million, a $3.6 million or 4.9 percent year-over-year increase over net product sales for the fiscal first quarter of 2007. The company’s president…

SaturdaySep 06, 2008 5:34 am

China Finance, Inc. (CHFI.OB) Signs On As China Construction Bank’s Loan Guarantor

China Finance, Inc. (OTCBB: CHFI) announced that its subsidiary is China Construction Bank's (CCB) newest loan guarantor. On Sept. 1, CCB and China Finance's wholly-owned operating subsidiary, Shenzhen Hua Yin Guaranty and Investment Limited Liability Corporation ("SHY"), entered into a Memo of Bank-Guaranty Cooperation and a Guaranty Cooperation Agreement. CHFI focuses on small and medium enterprises. In a news release, CHFI says the agreement opens these enterprises to the more favorable terms offered at CCB's 13,000 branches, while also allowing SHY to expand geographically. SHY continues to work with China Industrial and Commercial Bank in similar endeavors. "China Construction Bank…

SaturdaySep 06, 2008 5:32 am

Digirad Corp. (DRAD) Developing Cardiac Imaging System, With Distortion Correction

Digirad Corporation (NASDAQ: DRAD) announced Friday the beginning of trials on a new medical imaging system, which will use proprietary technology to correct image distortion. The company says its new Cardius X-ACT system is expected to be available for sale in mid-2009, pending required regulatory approvals. Attenuation, or image correction, is a common issue in myocardial perfusion imaging, also known as cardiac imaging based on SPECT (single photon emission computed tomography). The process to capture images includes injection of small amounts of radioactive substances, which can then be tracked. Solutions to lessening attenuation already exist, said Richard Conwell, senior vice…

SaturdaySep 06, 2008 5:31 am

Advanced Nanotech, Inc (AVNA.OB) Set to Restructure Expenses, Board of Directors Following Share Exchange

Advanced Nanotech, Inc (OTCBB: AVNA) announced Friday that it has bought shares back from the founding members and management of its subsidiary, Owlstone Nanotech, Inc. The company will now move forward and finalize new operational efficiencies at the corporate level and repopulate the board of directors. Owlstone Nanotech is involved in the commercial applications of nanotechnology-based chemical detection products. The Owlstone Detector is a dime-sized sensor that can detect a wide range of chemical agents in extremely small quantities. Advanced Nanotech's silicon-based proprietary technologies are developed at Cambridge, University, England. It currently has 18 patent-pending applications and one recently awarded…

FridaySep 05, 2008 6:18 pm

Star Resorts Development Inc. (SRDP.OB): Playing the Tourism Boom in Latin America

Star Resorts Development (SRDP) is real estate development company focused on Latin American markets, particularly Argentina. The company specializes in tourism property for affluent travelers and owns a ski resort, Cerro Bayo Mountain Resort, as well as a 47-acre vineyard called Mendoza. Star Resorts Development's partner in the Cerro Bayo project is already projecting a profit of $100 million. Interestingly, Star Resorts leaves the development of its properties to partners such as Fiducia Capital Group and Proideas Business Development. Fiducia Capital alone has already developed 45 million square feet of property in South America. The Florida-based company also holds developments…

FridaySep 05, 2008 6:17 pm

Sinobiomed Inc. (SOBM.OB): Chinese Wonder Drug-Maker?

Sinobiomed (SOBM) is a Chinese developer of genetically engineered recombinant protein drugs and vaccines. The company's drugs treat diseases and ailments such as malaria, hepatitis, surgical bleeding, cancer, rheumatoid arthritis, diabetic ulcers and burns, and blood cell regeneration. Sinobiomed currently has 10 products: three on the market, four in clinical trials and three in research and development. Sinobiomed, based in the bustling metropolis of Shanghai, could be on the forefront of the burgeoning Chinese biotechnology industry. China’s biotech industry is expected to continue its rapid expansion of 20 percent to 30 percent annually to $8.5 billion by 2010, helped by…

FridaySep 05, 2008 1:30 pm

Napster, Inc. (NAPS) Announces Sweet Sounding Music Subscription Agreement with Lenovo

Napster (Nasdaq: NAPS) was one of the first in taking steps toward digital music evolution. The company offers interactive music experiences that allow users to share, acquire and listen to music. The company, along with Lenovo, today announced a co-marketing agreement in which Lenovo will offer Napster’s music subscription service on its notebook and desktop PCs in the United States and Canada. Lenovo is focused on creating the world’s best-engineered personal computer. The agreement with Napster will allow the company to offer its customers instant access to millions of music tracks with a free, 14-day trial subscription of Napster To…

FridaySep 05, 2008 1:28 pm

Neoprobe Corp. (NEOP.OB) Rated Strong Speculative Buy by Dutton; Supported by Radiopharmaceutical

Dutton Associates, one of the largest independent investment research firms in the United States, today announced it is reiterating its “Strong Speculative Buy” rating with a higher price target of $1.50 for Neoprobe Corp. (OTCBB: NEOP), a biomedical company forecast to generate profit in the second half of 2010 with earnings per share of 12 cents for the full year. Driving the projection is the company’s commercialization of Lymphoseek, a proprietary radiopharmaceutical currently in development for the identification of sentinel lymph nodes during lymph node biopsies to stage various tumor types, including breast, melanoma, and head and neck carcinomas. Moving…

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