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FridaySep 26, 2008 6:08 am

Red Chip Featured Company: Gulf Western Petroleum Corp. (GWPC.OB)

Gulf Western Petroleum Corporation (GWPC.OB) is a Houston-based company capitalizing on domestic sources of natural gas and oil. This exploration and development company actively seeks domestic opportunities to maximize growth and returns for its stakeholders. With a number of projects and leaseholdings in Texas, Kansas, and Kentucky, Gulf Western works to leverage its core competencies to strengthen its presence in the energy sector. Gulf Western holds about 5,600 acres of property in Kentucky. Exploration for oil and natural gas supplies in the Appalachian Basin are being performed at the Baxter Bledsoe and the Bell Prospects. Gulf Western owns a 100%…

FridaySep 26, 2008 6:02 am

Red Chip Featured Company: Imaging3, Inc. (IMGG.OB)

Imaging3, Inc. (IMGG.OB), a medical device manufacturer and distributor, has developed a breakthrough technology that utilizes high-resolution photo-fluoroscopy to produce three-dimensional medical diagnostic images. With its ability to produce real-time 3D images, Dominion™ can be used to improve any medical procedure where multiple frame references are required to perform surgery in the human body. The Dominion’s patented technology can be applied to a multitude of medical areas including trauma, cardiology, pediatrics, orthopedics, vascular, neuro-vascular, and sports medicine. The real-time 3D images will allow surgeons to plan for less invasive and more precise procedures, which will reduce a patient’s risk and…

FridaySep 26, 2008 5:19 am

Darling International Inc. (DAR) is Recycling in Innovative Ways

Trading on the New York Stock Exchange (NYSE), Darling International Inc. is America's leading provider of rendering, recycling, and recovery solutions to the food industry. Headquartered in Irving, Texas, they operate a network of facilities across the United States. The company, with a current market capitalization of $978.96 million, formerly went by the name the Darling-Delaware Company, Inc. They changed their name to Darling International, Inc. in 1993. The company began in 1882. The Darling family were pioneers in the rendering industry, transforming animal byproducts to begin their business. Still performing the operations today, they further engage in recycling food…

FridaySep 26, 2008 5:13 am

Pilgrim’s Pride Corp. (PPC) Expects Significant Loss in Fourth Quarter

Pilgrim’s Pride Corporation (NYSE: PPC), the largest chicken company in the United States and Puerto Rico, and the producer of poultry products in North America sold under the Pilgrim's Pride and Wampler Foods labels, recently announced that the company has notified its lenders regarding the expectation of a significant loss in the fiscal fourth quarter ending September 27, 2008, based on preliminary results. The anticipated loss is due to high feed ingredient costs, continued weak pricing and demand for breast meat, and the significant negative impact of hedged grain positions during the quarter. As a result, Pilgrim’s Pride does not…

FridaySep 26, 2008 4:23 am

Lab Report Confirms Purio, Inc. (PURO.OB) Makes Safe Drinking Water from Dirty Pond

Purio Inc. (OTCBB: PURO) announced the first of two independent lab reports showing the company produced potable water from a dirty water source. The reports are on water samples produced through Purio's two demonstrations, in August, of their transportable water purification system. "This lab report confirms results obtained from our on-board monitoring system," says Leonard Girard, Chief Science Officer with Purio. "Our first demonstration this season processed dirty water from an open pond located in a farming region of North Central Saskatchewan, Canada, during the hot mid-summer growing season." Girard said the test's goal was to process about 3,250 gallons…

FridaySep 26, 2008 4:18 am

China Solar & Clean Energy Solutions, Inc. (CSOL.OB) is Now Sole Supplier for Large Solar Water-Heating Housing Project

China Solar & Clean Solutions Energy, Inc. (OTCBB: CSOL) announced it has recently signed a contract, worth $3.5 million, to be the sole supplier of solar water heating systems to the Overseas Chinese Village in Shenzhen City. The contract was awarded July 1 to CSOL's subsidiary, Shenzhen Peng Sang Pu Solar Energy Company, to supply and install its solar water-heating systems throughout the residential area. "We are very pleased to have won this contract," said Du Deli, CEO of China Solar & Clean Solutions Energy, Inc. "Despite bids from numerous competitors, we won the contract due to our strong reputation…

FridaySep 26, 2008 4:14 am

Jamba Inc. (JMBA): Juicing up Juicy Returns?

Jamba (JMBA) owns and franchises Jamba Juice stores throughout the United States. As of January 1, 2008, the company owned 501 stores and franchisees held 206 stores. Jamba operates as a retailer of blended-to-order fruit smoothies, squeezed-to-order juices, blended beverages, and snacks. Earlier this month, Jamba announced a financing agreement for a $25-million, two-year senior secured term note. Units managed by Victory Park Capital Advisors LLC were the only investors in the deal, according to media reports. Last month, the company said it is changing its focus from corporate stores to franchised outlets and changing its management structure in an…

FridaySep 26, 2008 4:03 am

Sutor Technology Group Limited (SUTR) Reports 10% Increase in Q4 Net Income

Sutor Technology Group Limited (SUTR), a manufacturer of steel-finishing fabrication products and hot-dip galvanized steel in China, reported fourth quarter 2008 financial results last night. Revenues rose 14.5% year-over-year to $105.5 million. Net income rose 9.8% to $10.4 million, or 26 cents per diluted share, compared to $9.1 million, or 25 cents per share for the same period last year. One analyst surveyed anticipated earnings of 21 cents per share on revenues of $110.0 million. For the full fiscal year, revenues rose to $418.0 million, an increase of 37.8% compared to $303.4 million in 2007. Annual net income rose to…

FridaySep 26, 2008 4:02 am

Tetra Technologies, Inc. (TTI) Withdraws Previous Earning Guidance Statements Due to Impact of Hurricanes Gustav and Ike

Tetra Technologies, Inc. (TTI), an oil and gas services company, announced recently it has withdrawn its previous 2008 earnings guidance of $1.30 - $1.55 per share. According to Geoffrey M. Hertel, president and chief executive officer, the impact of hurricanes Gustav and Ike have created significant downtime in the company’s Well Abandonment & Decommissioning (WA&D) Services and Maritech and Fluids businesses. Additionally, Hurricane Ike destroyed three platforms that have direct implications for Maritech’s production operations. WA&D Services, Maritech and offshore Gulf of Mexico Fluids operations have essentially been curtailed since August 30. The company did not incur any significant damage…

FridaySep 26, 2008 3:58 am

HLS Systems International, Ltd. (HOLI) Reports Fourth Quarter Profits Quadruple

HLS Systems International, Ltd. (HOLI), a provider of automation control systems to the nuclear, rail, and industrial markets in China, reported fourth quarter and full fiscal year 2008 financial results yesterday afternoon after the close. Revenues in the quarter fell slightly to $31.9 million from $33.6 million in the same period last year, and were impacted by the earthquake that struck Sichuan Province in May. Net income soared 414% to $6.3 million, or 14 cents per share, compared to $1.2 million, or 4 cents per share. For fiscal 2008, revenues rose 19.3% to $121.5 million, from $101.9 million in 2007.…

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