Blog - Page 4412 of 5774

ThursdayNov 13, 2008 2:55 pm

Vortex Resources Corp. (VTEX.OB) Updates Shareholders on Drilling Activities

Today, Vortex Resources Corp. released an update concerning its drilling operations in Crocket County, TX. So far the company has drilled three successful natural gas wells. All three of these wells (42-105-40868, 42-105-40820 and 42-105-40720) are located in the Adams-Baggett Field and will be producing from the Wolfcamp Canyon Sandstone reservoir. Vortex Resources utilized the services of Weatherford in fracing and competing Well 42-105-40868 and Well 42-105-40820. Well 42-105-40868 was drilled to 4,708 feet and was successfully completed after frac treatment on October 27, 2008. Well 42-105-40820 was drilled to 4,672 feet and was successfully completed after frac treatment on…

ThursdayNov 13, 2008 2:45 pm

Nashville Bank & Trust Co. (NVBT.OB) Showing Almost 25% Growth in Assets, Deposits

Nashville Bank & Trust Company (NVBT) announced its third quarter results Thursday, sustaining what FDIC guidelines call a “well capitalized” bank. Third quarter net income for the local bank was $66,000, with year-to-date net income exceeding $362,000 – after income taxes of $224,000 were paid. The bank’s 3Q net income in 2007 was $454,000, with an income tax benefit rolled over after posted losses in prior years. Year-to-date non-interest income was $1,837,000 compared to $1,487,000 for the first nine months of 2007. The bank says this increase was due mainly to continued growth in the bank's wealth management business where…

ThursdayNov 13, 2008 2:43 pm

EV Transportation, Inc. (EVTP.OB) Vying For a Larger Slice of a $21B Industry

The American rental car industry is worth over twenty-one billion dollars, according to a top trade publication known as Auto Rental News. By 2007, the larger-than-ever industry collectively maintained nearly two million vehicles rented from over 16,500 locations. Through experience and thorough market research, EV Transportation has arrived at the decision to expand its operations in one particular segment - the replacement market. Unlike the airport segment of the industry, which suffered greatly following the events of September 11th, 2001, the replacement market has shown itself to be more consistent in its growth, and highly resistant to the effects of…

ThursdayNov 13, 2008 1:33 pm

OECD: “Developed World in Recession”

According to the French Organization for Economic Cooperation and Development (OECD), the developed countries of the world are now facing a deeply-troubling recession that the group expects to last "at least through the first half of 2009". Rapidly contracting GDPs are just one effect of the crisis, although, while the OECD says that "projections point to a protracted downturn", it has been indicated that the group believes the U.S. to be the nation that will ultimately deliver the global economy from a frightening reality. Let us hear your thoughts below:

ThursdayNov 13, 2008 1:32 pm

More Mortgage Rate Cuts

For the second week in a row, rates on 30-year fixed-rate mortgages fell; this week to an average of 6.14 percent, in what experts are calling an indication of increasing concern over ever-weakening financial conditions. It is anticipated that the Federal Reserve will announce even further cuts at the year's final meeting in December. While rates on all other types of mortgages fell this week, 1-year adjustable-rate loans showed a small increase. Let us hear your thoughts below:

ThursdayNov 13, 2008 1:32 pm

Extremely Volatile Session Ends on High Note

Shortly after 12:00 pm ET on Thursday, it seemed like the market was heading for the fourth-straight day of losses, however, afternoon trading brought a sharp 900-point surge that left the Dow Jones industrial average up over six percent, with other indices experiencing similar increases. Early losses were partially attributable to a Labor Department report that put newly-filed jobless claims at a 7-year high, as well as continuing evidence of suffering in the consumer sector, however investors could not resist the cheap prices that resulted. Let us hear your thoughts below:

ThursdayNov 13, 2008 11:52 am

Small Cap Voice Featured Company: BioCentric Energy Holdings Inc. (BEHL.PK)

Headquartered in Huntington Beach, California, BioCentric Energy Inc. is primarily a research and development holding company. Their focus is on seeking innovative green energy solutions for the 21st Century. Trading on the Pink Sheets, the Company's corporate mission is to increase their value through the discovery, development, and implementation of renewable energy projects. BioCentric Energy, Inc. works to develop new technologies as well as acquire and foster companies with innovative technologies designed to provide unique and effective green energy solutions. The Company's strategy leverages their extensive experience and global contacts to uncover opportunities through joint ventures or acquisitions. The Company's…

ThursdayNov 13, 2008 11:47 am

Small Cap Voice Featured Company: Alternative Fuel Technology Inc. (AFTC.PK)

Headquartered in Redford, Missouri, Alternative Fuel Technology Inc. is a research and development enterprise. The company’s corporate focus is on the design, development, and prototype manufacturing of advanced fuel systems for use with a new alternative fuel called dimethyl either (DME). The Company's mission is to have series production of DME fuel systems for the global automotive market by 2011. DME eliminates soot particulates, lowers NOx emissions, and helps counter exhaust odor. Alternative Fuel Technologies has developed low-cost fuel injection equipment for DME fueled vehicles. They provide complete DME fuel systems for testing and research purposes. They can also provide…

ThursdayNov 13, 2008 11:30 am

Hoku Scientific Inc. (HOKU) Subsidiary Signs Supply Agreement with Leading Alloy Producer; Secures Stronghold in Renewable Energy Market

Hoku Materials Inc., a wholly owned subsidiary of clean energy technology company, Hoku Scientific Inc. (Nasdaq: HOKU), today announced a silicon metal supply agreement that will supply Hoku with guaranteed amounts of metallurgical grade silicon for three years beginning in 2009. Hoku’s agreement with leading alloy producer Polymet Alloys Inc. and its allied partner Rima Industrial S.A., will allow Hoku to use the grade silicon to manufacture trichlorosilane, an integral material in solar grade polysilicon production. "Hoku is pleased to have established this partnership with Polymet Alloys Inc. and Rima Industrial S.A., leaders in the silicon metal industry," Dustin Shindo,…

ThursdayNov 13, 2008 11:01 am

NetSol Technologies, Inc. (NTWK) Has another Strong Quarter

NetSol Technologies, Inc., global provider of financial and other enterprise software solutions and business services, today released positive first quarter 2009 financial results. Quarterly revenues increased 7.5%, to $9.3 million, over the same period last year. Part of this was due to a 33% increase in license fees to $2.5 million. In addition, GAAP net income increased approximately 18%, to $1.0 million, from the same period last year. Another measure of the company’s operating trends is EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). NetSol reported EBITDA of $2.3 million for the quarter, a 21% increase over the $1.9 million…

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