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ThursdayMay 01, 2008 6:49 pm

OTCPicks Featured Company: Sunovia Energy Technologies, Inc. (SUNV.OB) Partners with EPIR Technologies, Inc.; Completes Financing

Sunovia Energy Technologies, Inc. (OTCBB: SUNV) announced the completion of their mezzanine round of financing. With $12 million already raised, the company will proceed with funding to the development of the scalable CdTe-based solar cell manufacturing facility, and sales of the EvoLucia™ LED-based solid-state lighting solutions. The company's stock rose 43.14% at the closing of Wednesday's trading. EPIR Technologies, Inc. (EPIR) has partnered up with Sunovia in order to put forth a practical application of a scalable manufacturing system for the production of low-cost, high-efficiency CdTe solar cells. Funding for the company’s core CdTe research, development and design for the…

ThursdayMay 01, 2008 6:45 pm

RedChip Visibility Issues Fourth Quarter 2007 Research Update on Pressure BioSciences, Inc. (PBIO)

RedChip Visibility recently issued a fourth quarter 2007 research update on Pressure BioSciences, Inc. (NASDAQ: PBIO), a life sciences company focusing exclusively on the development and commercialization of pressure cycling technology, reinstating their “Speculative Buy” rating and 12-month target price of $10.00 per share. The report also stated that PBIO reported more than a threefold year-over-year increase in revenues in the fourth quarter of 2007 as a result of the company's strong commercialization strategy with an expanded sales force and efficient research and development staff. Pressure BioSciences’s pressure cycling technology (PCT) has multiple applications, including genomic and proteomic sample preparation,…

ThursdayMay 01, 2008 6:43 pm

Hologic, Inc. (HOLX.OB) Reports Second Quarter Revenue of $431 Million – Yet Stock Plunge

Hologic, Inc. (HOLX.OB), a diversified medical technologies company specializing in diagnostics, imaging systems and interventional devices dedicated to serving the healthcare needs of women, recently reported the company’s second quarter earnings. The company reported second quarter revenue of $431 million, a 138% year-over-year increase when compared to revenues of $181.1 million in the second quarter of 2007. The dramatic increase, however, is mostly due to the inclusion of approximately $189.2 million of revenues from the merger with Cytyc Corporation on October 22, 2007. For the second quarter of 2008, Hologic reported net income of $56 million, or $0.22 per diluted…

ThursdayMay 01, 2008 2:06 pm

Rainmaker Systems, Inc. (RMKR) Reports Better Than Expected First Quarter Results

Rainmaker Systems, Inc. (RMKR), a provider of sales and marketing solutions with proprietary software, announced better than expected non-GAAP earnings of $1 million, or 5 cents per share versus consensus of a 6-cent loss. GAAP net loss, including stock compensation expense and amortization of intangible assets, was $277,000, or a loss of 1 cent per share. The company achieved record first quarter revenue of $20.6 million, an increase of 27% year over year. Analysts surveyed expected $17.2 million in revenues. Rainmaker CEO Michael Silton said, "We are pleased with the response from our teams and our clients after the client…

ThursdayMay 01, 2008 2:02 pm

Nascent Food Service, Inc. (NCTW.OB) – Importing Foods and Beverages South of the Border

In Mexico there is only one nationwide distributor of imported products, and that company is Nascent Food Services. Nascent searches and imports products from all over the world including Italy, France, Spain, China, Japan, Taiwan, Holland, USA, Scandinavia and others, then distributes them to different channels throughout Mexico. The company takes an old fashioned approach to customer service, and goes out of the way to personally visit every client on a weekly basis. The personal and professional service is made possible through Nascent’s 16 distribution centers spread throughout Mexico. This allows the company to keep all deliveries in house, so…

ThursdayMay 01, 2008 12:19 pm

Hybrid Technologies, Inc. (HYBR.OB) Designs Full Line of Electric Vehicles – Backed by Popular Lithium Batteries

Meeting the call for green alternatives and an increasingly protective demand of the world’s air supply, Hybrid Technologies (OTCBB: HYBR) has developed a line of off road vehicles powered by the company’s lithium-battery technology. The company has created a line of electric vehicles including cars, motorcycles, mopeds and scooters. The company’s futuristic LiV RUSH hits 0-60 in 5.9 seconds, has speeds up to 80 mph, and travels 120 miles in one charge. The RUSH takes between 8 and 10 hours to charge, and features an LCD Touch Screen that displays the cars operating stats, such as miles remaining, power consumption,…

ThursdayMay 01, 2008 12:10 pm

Copper Mountain Mining Corp. (CUM.V) Expands Drilling Program

Copper Mountain Mining Corp. (CUM.V) announced Thursday that its initial 30,000 meter drill program currently underway at the 100% owned Copper Mountain project has been expanded to a 50,000 meter program based on success to date. Shares of the Vancouver, British Columbia, Canada-based company jumped 1% to $2.20 after it announced the expansion. The company added that its program is focused on continued expansion of the resource base through both incremental additions to known resources as well as the discovery and delineation of new zones of mineralization. The Copper Mountain project is located approximately 9 miles southwest of Princeton, BC,…

ThursdayMay 01, 2008 11:40 am

Red Lake Exploration, Inc. (RLKX.OB) Raises Capital with One Million Dollar Private Placement

Red Lake Exploration, Inc. (OTCBB: RLKX) acquires, explores and develops natural resource properties. Today, Red Lake Exploration, Inc. announced that is has raised one million dollars through a private placement. According to the company, it will use most of the money to acquire the Farellon property it is currently exploring, and use the rest of the money to investigate other properties including the Camilla and Santa Rosa projects located in coastal Chile. Red Lake Exploration, Inc. is currently managing three main projects. The Farellon project is located in the Canadalaria iron oxide copper belt. Other companies are also exploring this…

ThursdayMay 01, 2008 11:09 am

Network Engines, Inc (NENG) Announces 88% Increase in Q2 Revenues

Network Engines, Inc, provider of server appliance products and services for storage, security and communications software vendors, today reported its financial results for the second quarter ended March 31, 2008. The company posted a positive second-quarter performance and projected increases for the third quarter of 2008. Net revenues rose 88 percent to $55.2 million, up from $29.3 million in the second quarter last year, following previous guidance of $54 million to $58 million. The company attributes the increase to its acquisition of Alliance Systems Inc. in October 2007. Gross profit fell short of the 17-18 percent expected, posting at 16.1…

ThursdayMay 01, 2008 10:17 am

Novavax Inc. (NVAX) Launches $5 Million Production Facility to Drive Vaccine Production

Novavax Inc. (Nasdaq: NVAX) today joined the State of Maryland and Montgomery County in celebration of the opening of the company’s new $5 million vaccine production facility at the company's headquarters in Rockville, Md. The 5,000 square-foot plant will be used to produce vaccines using the company’s virus-like particle (VLP) technology, which will combat a broad range of infectious diseases. The facility has the capacity to supply 10 million doses of the influenza vaccine for the company's current clinical programs. According to the press release, the facility marks a “major milestone” for the company’s development team. “This facility is seen…

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