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ThursdaySep 11, 2008 1:19 pm

Microsoft Signs on with NewMarket Technology, Inc. (NMKT.OB) For South American Contract

NewMarket Technology, Inc. (OTCBB: NMKT) announced its regional subsidiary, RKM IT Solutions, has been contracted by Microsoft to install and operate its System Center. RKM IT will install and implement the virtual and physical System Center IT environment for an unnamed petrochemical company in Venezuela. RKM IT is already an established presence in the South American company. It is Microsoft’s fourth largest account reseller and an Enterprise Software Advisor throughout the continent for corporate clients with 250 PCs or more. NewMarket itself provides certified systems integration, maintenance and support services for standards from Microsoft, Oracle, Infor, Cisco Systems, SAP, Siebel,…

ThursdaySep 11, 2008 1:18 pm

R&D Funds from Canadian Govt. Propel Norsat International, Inc. (NSATF.OB) Innovation

Norsat International, Inc. (OTCBB: NSAT) announced that it has received a $5.97 million repayable investment from the Canadian government and will use it in research and development of new products. Some of the future development objectives for Norsat include: components that operate in extreme hot and cold temperatures; flat antenna technology for improved portability of satellite systems; consoles easy for non-technical users to operate; as well as more products for the wireless communication market. "The support we have received through the federal government is instrumental … as it enables us to cost-effectively complete the R&D necessary to further the technology…

ThursdaySep 11, 2008 12:53 pm

Xethanol Corporation (XNL) is “One to Watch”

Xethanol Corporation is a diversified renewable energy company dedicated to the production of ethanol and related products. They produce these products in manufacturing facilities close to major urban markets, using raw materials readily available in those areas. The company also produces distiller's wet grains, a byproduct of the corn-to-ethanol process. Founded in 2000, Xethanol Corporation trades on the American Stock Exchange (AMEX) as part of the Waste Management industry in the Industrial Goods sector. Their current market capitalization is $9.16 million. The company takes a different business approach when it comes to ethanol production. Corn is the primary raw material…

ThursdaySep 11, 2008 12:42 pm

eDOORWAYS Corp. (EDWY.PK) Announces the Addition of Entertainment Mogul David Heavener

Thursday after the bell, eDOORWAYS announced that it brought entertainment magnate David Heavener onto its “A-Team” to head the development of the entertainment division. This division of the eDOORWAYS brand will be focused on developing numerous interactive components for film, music, and media. "David stands alone in Hollywood as a multi-talented business professional with a demonstrated ability to produce quality product while turning a profit, and he's done it for 20 years! There are very few who can make this claim. David and Action Cat Entertainment are real assets," said Gary F. Kimmons, CEO of eDOORWAYS Corporation. Mr. Heavener is…

ThursdaySep 11, 2008 12:24 pm

Cell Genesys, Inc. (CEGE) Receives Expected FDA Halt on Clinical Prostate Cancer

Cell Genesys (Nasdaq:CEGE) focuses on the development and commercialization of novel biological therapies for patients with cancer. The company's lead product platform, GVAX immunotherapy for cancer, holds the potential to treat multiple types of cancer, including prostate cancer, leukemia, pancreatic cancer and lung cancer. The company today announced that the U.S. Food and Drug Administration has placed an expected partial clinical hold on GVAX's phase 3 program. The halt follows the company’s August 27, 2008 announcement which stated it would end the VITAL-2 phase 3 trial for GVAX. Cell Genesys terminated the trial after its Independent Data Monitoring Committee (IDMC)…

ThursdaySep 11, 2008 12:21 pm

MISCOR Group, Inc. (MIGL) Opens Canadian Rail Services Center

MISCOR Group, Ltd. (MIGL.OB), the Indiana-based, $75-M electrical and mechanical services company, today announced the opening of a 50,000-square-foot service center in Montreal for the maintenance, repair, and modification of locomotives and rail cars, with significant access to the Canadian National (CN) main rail line. The Canadian operation will be part of MISCOR’s AMP (American Motive Power) Rail Services Canada, ULC, one of the five major companies that make up MISCOR. The centralized location gives the company broad access to the Canadian rail market, and provides room for future expansion. John Martell, founder and CEO of MISCOR, pointed out the…

ThursdaySep 11, 2008 12:20 pm

China Natural Gas (CHNG) Acquisition Doubles Capacity

China Natural Gas (CHNG.OB), one of central China’s leading providers of compressed natural gas (CNG), effectively doubled its natural gas processing capacity through the acquisition of the largest-capacity compressor station in the city of Xi’an in central China. The compressor station will increase the company’s daily processing capacity from 300,000 cubic meters to over 600,000 cubic meters, allowing the support of an additional 20 CNG filling stations. The compressor station already has the necessary government permits, and commenced operation in early September. China Natural Gas is the first Chinese natural gas retailing company publicly traded in the U.S. It owns…

ThursdaySep 11, 2008 12:17 pm

Natural Gas Inventories Higher than 5-Year Average

According to the Deparment of Energy's Energy Information Administration, natural gas inventories in the U.S. were up by 58 billion cubic feet (ft³) at the end of last week, bringing storage levels to approximately 2.91 trillion ft³. While this figure is 2.9 percent greater than the five-year average, last year's storage levels at this time were over 3 trillion ft³. As a result of the surplus, natural gas for October delivery slid just over seventeen cents to $7.223 per ft³. Let us hear your thoughts below:

ThursdaySep 11, 2008 12:16 pm

Mortgage Rates at Lowest Levels in Five Months

Thirty-year mortgage rates fell dramatically this week; an anticipated reaction after the recent government takeover of mortgage giants Fannie Mae and Freddie Mac. In a nationwide survey, Freddie Mac found fixed-rate, 30-year mortgages sliding back to 5.93 percent. This comes as good news to a beleaguered housing market, and illustrates the short-term benefits of Sunday's takeover. Economist Mark Zandi of Economy.com feels that rates could continue to drop, reaching as low as 5.5 percent in the relatively near future. Let us hear your thoughts below:

ThursdaySep 11, 2008 12:15 pm

Hurricane Ike Drives Insurance Stocks Down

Insurance stocks continued to take a beating on Thursday as Hurricane Ike remained on a collision-course with Texas' Gulf Coast. The potential for damage caused by the storm, which is expected to reach Category-3 strength before landfall, is only one factor playing into sector troubles. While the credit markets are suffering, the impact felt in the insurance market will be unmistakably negative. Let us hear your thoughts below:

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