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MondaySep 29, 2008 7:08 pm

ESSA Bancorp. Inc. (ESSA): The Key to Investor Returns in the Keystone State?

ESSA Bancorp (ESSA) is a bank holding company that provides financial services to individuals, families, and businesses in Pennsylvania. The company offers traditional banking services such as checking and savings accounts, money market accounts, club accounts, certificates of deposit, individual retirement accounts, and other qualified plan accounts. ESSA is also a provider of first mortgages, home equity lines of credit, and commercial loans. In addition, ESSA also offers asset management and trust services, as well as provides investment services through its relationship with PRIMEVEST Financial Services, Inc. While larger financial institutions across the U.S. fall by the wayside due to…

MondaySep 29, 2008 7:06 pm

Dolby Laboratories, Inc. (DLB) Reveals 3-D Voice Communication Platform for Online Gaming; Reduction in Cost of 3D Glasses

Dolby Laboratories (DLB), based in San Francisco, is a recognized innovator in audio entertainment. The company was founded in London, England by Ray Dolby in 1965 after Dolby received his Ph.D. in physics from Cambridge University. Though Dolby Laboratories was a U.S. corporation at the time of its inception (Dolby started his career in high school as a part-time employee for Ampex Corporation in Redwood City, California), the company moved its headquarters to San Francisco in 1976. Dolby, at the Austin Game Developer’s Conference, recently announced the availability of software development kits for Dolby® Axon, a voice communication platform designed…

MondaySep 29, 2008 4:06 pm

AmeriWest Energy Corporation (AWEC.OB) Rated “Strong Speculative Buy” by Financial Research Group

AmeriWest Energy Corp. (OTCBB: AWEC) was recently given a speculative strong buy rating from the research firm Bridge IR Group in their most recent research report. Contained in the report is an informed analysis that also projects a 12-month target price of $1.75. That value is a 450% return to investors at today's market price of around $0.40. Ameriwest Energy already produces close to 35 barrels of oil per day (nearly $120,000 in monthly revenue) and has more wells coming online shortly. Ameriwest is a growing, revenue-positive energy company producing underdeveloped oil resources in the prolific Rocky Mountain region of…

MondaySep 29, 2008 3:39 pm

September 29th CEOcast Weekly Newsletter

Companies featured in the current edition of the newsletter: CBMC, CETG, ETGF, GMPM, GNBT, GSPG, HYTM, IASCA, ITUI, MBND, PLKH, SWYV, TKO, VYTR In yet another volatile week for the stock market, the major indices continued to exhibit large percentage swings with almost daily changes of direction. However, when the dust settled, the Dow lost another 245 points last week, extending its annual loss to 16.0%. The Nasdaq slipped 91 points, bringing its year-to-date loss to 17.7%, while the S&P gave up 42 points and now exhibits an annual loss of 17.4%. Meanwhile the small-cap Russell lost nearly 49 points,…

MondaySep 29, 2008 1:40 pm

Bailout Fails to Pass – Stocks Crash

The Dow Jones suffered extreme losses during Monday's session. Following another failure-to-please regarding the proposed government bailout package, the index saw its heaviest ever one day decline, dropping 777 points. It appears that the warnings of Henry Paulson, and others who said that immediate action was needed, were largely ignored. This was met with a sigh of relief by the vast numbers of Americans who have been vehemently opposed to the plan from the start. At least for the time being, the bill is dead, and will most likely not receive a re-vote in its current form. The plan failed…

MondaySep 29, 2008 1:39 pm

Wachovia Acquired by Citigroup on Monday

Realizing that it had been beaten like so many others, Wachovia Corp. sold its banking operations to Citigroup on Monday, for the tidy sum of $2.2 billion, or one dollar per share. It wasn't a total victory for Citigroup, however, as the company expects to sustain heavy losses in excess of $42 billion in order to write down Wachovia's damaged $312 billion loan portfolio. The deal was brokered by the Federal Deposit Insurance Corporation. To calm to the fears of Wachovia customers, the FDIC released this statement: "All depositors are fully protected and there is expected to be no cost…

MondaySep 29, 2008 1:38 pm

Foreign Markets Also Feeling the Pressure

The ripple effects of America's credit crisis are beginning to be felt around the globe, as expected. Monday saw the crumbling of several foreign financial institutions as European stocks echoed their American counterparts with heavy losses. Global Insight's chief European economist Howard Archer believes that global financial catastrophes are going to worsen before they get any better. "...the more the turmoil and dislocation continues, the further this could spread," he said, "We live in vicious times." Let us hear your thoughts below:

MondaySep 29, 2008 1:37 pm

Hybrid Technologies, Inc. (HYBR.OB) Gains Popularity in the Carolinas

Hybrid Technologies, one of the premier lithium-ion powered vehicle manufacturers of today, is located in a small town just north of Charlotte, North Carolina. Over the past few weeks, the region has been hit hard with gas shortages; panicked drivers running on fumes, mile-long lines, and even pump-side fights and arrests have been the order of the day. Shipments slowly began to arrive on Monday, but indeed a lasting impression was made. It was a wake-up call for many people in this fast-growing southern city, who never quite took the time to realize the extent of their dependency on gasoline…

MondaySep 29, 2008 1:28 pm

Thorium Power Ltd. (THPW.OB) Secures Agreement with Russian Nuclear Research Facility, a Step toward Regulatory Licensing

Thorium Power Ltd. (OTCBB: THPW) develops non-proliferative nuclear fuel technology and offers comprehensive advisory services for emerging nuclear programs. The company has established long-standing relationships with Russian nuclear entities with expert resources and facilities, and today announced an agreement with Post-Irradiation Examination (PIE), one of Russia’s leading nuclear research facilities. In the press release, the company referred to the deal as a “significant milestone” in which Thorium will have access to world-class nuclear fuel analysis technologies. Seth Grae, Thorium CEO, said the agreement will open doors to further developments. "We are tremendously encouraged by the continued process of testing and…

MondaySep 29, 2008 1:27 pm

Future Now Group Inc. (FUTR.OB) Breaks Old Record; Signs New Clients

Future Now Group Inc. (OTCBB: FUTR) provides software and services to increase online traffic and enhance online marketing optimization. The company’s success stories have been picked up by some of the largest media outlets, and the company today announced it broke its record for new licensing contracts in one quarter - news that is sure to signal more industry recognition. "I'm very proud of our team this quarter. We broke this record with over two weeks remaining in the quarter. We have new records to set and more goals to surpass. I expect to end the quarter strong,” Howard Kaplan,…

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