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TuesdayMay 20, 2008 3:47 am

Dynegy, Inc. (DYN) Posts First-Quarter Loss

Dynegy, Inc. (NYSE: DYN), through its subsidiaries, engages in the production and sale of electric energy on a wholesale basis from its natural gas-fired, coal-fired, and oil-fired power generation facilities. The company recently announced a first-quarter loss of $152 million, or 18 cents per share, compared with a profit of $14 million, or 3 cents per share, during the same time period one year earlier. Dynegy Inc. attributes its first-quarter loss to surging power prices, which forced the company to post losses on forward contracts. Excluding special items and mark-to-market losses, the company earned 3 cents per share and generated…

MondayMay 19, 2008 4:27 pm

OTCPicks Featured Company: Enzyme Environmental Solutions, Inc. (EESO.PK) Signs Agreement to Become a Distributor of an Energy Drink

Enzyme Environmental Solutions, Inc. (OTC: EESO) announced that they have finalized an agreement to be the primary distributor for Potencia Energy Drink across the Midwest. The company will continue to keep their contracts in the convenience store industry, as was stated by the company's CEO Jared Hochstedler. Potencia Energy Drink's market is found mostly in Mexico, as the company has distribution agreements and supplies all of the major retail chains in Mexico. With the Hispanic energy drink market growing rapidly in the United States, the company is looking to grow with it as well. Brian Weber, Co-Owner of Potencia, commented…

MondayMay 19, 2008 4:25 pm

DryShips Inc. (DRYS) Reports First Quarter Results, Beats Analysts’ Net Income Estimates by 8 Cents per Share

DryShips Inc. (DRYS), the largest publicly traded global operator of dry bulk carriers, reported first quarter results that topped analysts’ estimates. The company reported net income of $176.3 million or $4.61 per share, which included a gain of $24.4 million or $0.64 per share on the sale of one vessel and a non-cash loss of $6.1 million or $0.16 per share on interest rate swap valuations. Excluding these one-time items, DryShips earned $4.13 per share vs. $4.05 consensus on revenues of $232.1 million vs. estimates of $218.6 million. “We remain confident in the positive fundamentals of the dry bulk market,”…

MondayMay 19, 2008 4:23 pm

IceWeb, Inc. (IWEB.OB) Receives Refinance Commitment Letter

IceWEB, Inc. (OTCBB:IWEB) announced today that the company received a commitment letter from Wells Fargo Business Credit. The company is looking to refinance its current accounts receivable to move towards more favorable terms. IceWeb’s current accounts receivable has grown and the line of credit that is being pursued is anticipated to also increase. The loan is expected to close in the next 45 days. "This refinancing represents a critical step forward for IceWEB in strengthening our balance sheet and improving our monthly cash flow. Moreover, we anticipate that it will represent savings of approximately $700,000 in interest expense over the…

MondayMay 19, 2008 4:21 pm

Hybrid Technologies Inc. (HYBR.OB) – Advanced Lithium Technology Catapults the Company into the Spotlight

In mid-April, QualityStocks released a “One to Watch Alert,” highlighting Hybrid Technologies Inc.’s (OTCBB: HYBR) position in the alternative energy industry. In response to QualityStocks and other media coverage, shares are on a strong swing from $3.20 to the current price of $6.12, moving on volume of more than 470,000 traded shares today. The company has designed a line of lithium-powered vehicles, sleek in both design and function. In light of surging gas prices and thinning ozone, the company has received constant media attention for its innovative products. Hybrid Technologies’ all electric vehicles and lithium battery technology have been featured…

MondayMay 19, 2008 4:14 pm

OTCPicks Featured Company: China Wind Systems, Inc. (CWSI.OB) Announces First Quarter 2008 Financial Numbers

China Wind Systems, Inc. (OTCBB: CWSI) recently announced their financial figures for the first quarter ended March 31, 2008. The company operates, through their wholly owned subsidiaries and variable entities, manufactures and sells industrial machines for use in the textile and energy-related fields in the People's Republic of China. For the first quarter of 2008, net revenue totaled $8.4 million, an increase of 104.6% in the same period of last year. The rise of revenue resulted from an increase in both the dyeing and finishing equipment and electric power equipment. Revenues in the electric power equipment sector increased to $3.8…

MondayMay 19, 2008 4:12 pm

Global Roaming Distribution, Inc. (GRDB.OB) – Shares Experience Huge Volume Increase

During the past 10 days, Global Roaming Distribution, Inc. (GRDB.OB) has seen a huge increase in demand for its stock, as the trading volume has increased from around 8,000 shares on May 8 to over 265,000 shares on May 16. Today’s volume was an all-time high, totaling at 346,648 traded shares. Global Roaming Distribution, Inc. is a US-based telecommunications company specializing in providing extremely low-cost roaming solutions. Its subsidiary, CelTrek, provides a low cost global telephony solution for business and leisure travelers. It has created strategic alliances with leaders in cellular industry, and has developed a cost effective way to…

MondayMay 19, 2008 3:54 pm

May 19th CEOCast Weekly Newsletter

Companies featured in the current edition of the newsletter: ACCP, ACCY, AFMI, CACN, CETG, CHIP, CKGT, CLXS, CTVWF, CVM, ENZ, ETGF, FMTI, GNBT, GSPG, HSOA, HYTM, ILNS, IVOT, MBND, PLKH, PSTI, SWVC, TAGS, TKO, XCR It was another example last week of the marked improvement in sentiment since the bailout of Bear Stearns in mid-March. While bad news was attended to, it was the good news - and the thought of good news - that carried the market last week. This reflected in all the major indices being up for the week. The S&P 500 gained 37 points for the…

MondayMay 19, 2008 2:15 pm

Joytoto USA Inc. (JYTO.OB) Shares Up 46.72% in A Single Day

May 19, 2008 will be a memorable day for the shareholders of Joytoto USA Incorporated, as they saw their shares increase nearly 50% on terrific news. The company announced the reception and completion of their first U.S. purchase order. The purchase order was completed and resulted in the shipment of 15,000 MP3 players, which translates into nearly a quarter of a million US dollars in revenue for the company for the month of April. Once the stock market got news of this order, JYTO took off in a hurry. Before lunch, the stock was up more than 32% on half…

MondayMay 19, 2008 2:14 pm

Deep Down Inc. (DPDW.OB) Reports 199% Increase in Revenues; Gross Profit up 184%

Deep Down Inc. (OTCBB: DPDW) fabricates components for subsea distribution systems, specializing in innovative solutions, engineering and related services for offshore subsea control, umbilical and pipeline industries. The company today announced its unaudited results for the first quarter ended March 31, 2008, reporting a 199 percent increase in revenues. The company posted revenue of $6.3 million for the first quarter of 2008, up 199 percent from $2.1 million reported the year prior. The company attributes the increase to its enhanced offshore subsea business and related activities, as well as its acquisitions of Mako Technologies and ElectroWave USA, which accounted for…

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