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FridaySep 05, 2008 6:09 am

Ecosphere Technologies Inc. (ESPH.OB) to Start 2nd Water Recycling Pilot Program in the Barnett Shale

Ecosphere Technologies Inc. (ESPH.OB) is a diversified water engineering and services company primarily focused on the natural gas industry. The company provides water recycling services at the well site to provide clean water for energy companies to extract natural gas from unconventional shale plays. On September 3, 2008, Ecosphere Technologies announced an agreement for the company's 2nd water recycling program. The company announced it has signed a letter of intent to enter into an Eco-Alliance water recycling pilot program with Tulsa, Oklahoma-based Williams Companies. The letter of intent calls for Ecosphere Technologies to provide its mobile water recycling services to…

FridaySep 05, 2008 5:48 am

Recent Independent Report Suggests Value of Capital City Energy Group Inc. (CETG.OB) Oil and Gas Reserves Increased by 50% in Latest Quarter

Capital City Energy Group Inc. (CETG.OB) is a rapidly expanding energy company whose strategy is to continue to grow a portfolio of core areas which provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management. The company has named their strategy the "Triad" business model, and this tripartite model consists of: fund management, principal investments, and strategic acquisitions of energy-related companies. Capital City Energy recently announced results from an independent reserve report conducted by a leading petroleum engineering company, James Engineering, Inc. The aim of the report was to value the company's proven oil and gas reserves.…

FridaySep 05, 2008 5:45 am

RedChip Featured Company: ZAGG Inc. (ZAGG.OB)

ZAGG Inc. (ZAGG) is a company focused on designing, manufacturing, and distributing protective clear coverings and accessories for personal electronic devices. The company has created a patented and proprietary product that is used to protect devices ranging from portable games to cell phones, and from laptops to digital cameras. ZAGG’s first configuration of their flagship product, invisibleSHIELD, came out in early 2005. The inspiration for the product came from a clear film created to protect military helicopters from high-speed damage. ZAGG’s virtually invisible product is only 0.2 millimeters thick, yet is virtually indestructible and can be removed without leaving a…

FridaySep 05, 2008 5:40 am

RedChip Featured Company: ZBB Energy Corporation (AMEX: ZBB)

ZBB Energy Corporation is an energy company engaged in researching the manufacture of energy storage systems for utility companies, renewable energy generators, and commercial and industrial customers. ZBB Energy was formed in 1998 in Wisconsin as a holding company for its subsidiaries in the United States and Australia. The ZBB zinc energy storage systems (ZESS) can be used by a variety of clients. Traditional energy companies need reliable systems to store surplus energy generated during off-peak periods, which is primarily during the summer months for highly populated areas like New York, Chicago, and Los Angeles. With more companies and private…

FridaySep 05, 2008 5:36 am

RedChip Featured Company: Worldwide Energy and Manufacturing USA Inc. (WEMU.OB)

Worldwide Energy and Manufacturing USA Inc. is an engineering and quality control firm specializing in manufacturing products for customers in the solar energy, aerospace, wireless telecommunications, medical equipment, and automotive industries. Worldwide has established relationships with factories in China and arranges for the manufacture of components and goods for its customers. Worldwide primarily works with a select group of factories located around Shanghai, China. To ensure that the products meet international standards, all of the active subcontractors have earned the International Standard Organization-9000 certification. The certification is issued to a factory after its management has received the required training. Because…

FridaySep 05, 2008 4:12 am

Organic Beverage Company, Eldorado Artesian Springs, Inc (ELDO.OB), Hires Broker to Broaden Its Western Distribution

Eldorado Artesian Springs, Inc. (OTCBB: ELDO) has retained Organic Food Brokers to expand the company's distribution throughout the Rocky Mountain region and to the West Coast. The company will represent Eldorado Artesian Springs to the natural, conventional and mass retail markets, including its new Organic Vitamin Charged Spring Water. The move adds the use of four distribution centers on the West Coast, which service 8,000 retail outlets. As its name suggests, Organic Food Brokers specialize in the organic and natural foods segment and products it represents generate more than $1.5 billion in sales. "Our decision to expand distribution outside of…

FridaySep 05, 2008 4:10 am

Solar Power Plate from China Technology Development Group Corp. (CTDC) Now In Production

Commercial production has begun for the Sno2 solar base plate used as an electrode element in thin-film solar cells. China Technology Development Group Corporation (NASDAQ: CTDC) said their plant in Xiamen, China started producing the conductive element to solar cells on Sept. 1. CTDC's first SnO2 production line expects to produce about 70,000 to 80,000 plates per year once the facility reaches full capacity. "SnO2 base plate is a type of TCO substrate, which is the key upstream component for a-Si thin-film solar cell to maximize its efficiency," said a company news release. "In recent years, the photovoltaic industry production…

FridaySep 05, 2008 4:08 am

Shareholders Elect Board Members at China North East Petroleum Holdings Ltd. (CNEH) Meeting

China North is an oil production company based in its namesake. The shareholders meeting was held Tuesday at its corporate office in Harbin, China. Those attending included CNEH executives, the company's board of directors, and company shareholders, including lead investor Harmony Capital, which sent two representatives from Singapore and Hong Kong. Newly re-elected until the next annual shareholders' meeting in 2009 are Mr. Wang Hongjun, Mr. Yu Liguo, Mr. Li Jingfu, Mr. Robert Bruce and Mr. Edward Rule. "We are very satisfied with the company's progress since we made our $15 million investment at the end of February 2008," said…

FridaySep 05, 2008 4:03 am

Revlon, Inc. (REV) Announces Plans to Reduce Corporate Debt by $170 Million

Revlon, Inc. (NYSE: REV), a worldwide cosmetics, skin care, fragrance, and personal care products company that delivers the promise of beauty through creation and development, recently announced that the company plans to reduce its debt by $170 million by repaying the $170 million MacAndrews & Forbes Senior Subordinated Term Loan (the “M&F Term Loan”) that matures on August 1, 2009. Management will achieve this debt reduction in two steps. First, the company will use $63 million of the net proceeds from the sale of its Bozzano business in Brazil to repay a significant portion of the $170 million M&F Term…

FridaySep 05, 2008 4:02 am

Isle of Capris Casinos, Inc. (ISLE) Comments on First Quarter Earnings and Property Closure Due to Hurricane

Isle of Capris Casinos, Inc. (NASD: ISLE), a gaming and entertainment company that operates 18 casino properties, recently reported its financial results for the first quarter of fiscal year 2009 ended July 27, 2008. The company’s first quarter net revenues increased by $3.8 million, a 1.4 percent year-over-year gain, which improved the quarterly net loss to $3.6 million from $7.1 million during the first quarter of fiscal 2008. Earnings per share improved from a loss of $0.23 per share to a loss of $0.12 per share. The chief financial officer of Isle of Capris Casinos, Dale R. Black, recently commented…

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