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ThursdayFeb 21, 2008 4:50 am

DRS Technologies, Inc. (DRS) Announced $59.9 Million Contract to Produce Infrared Assemblies for U.S. Army Apache Helicopter Arrowhead System

DRS Technologies (DRS) announced it was awarded two contracts by the Missiles and Fire Control segment of Lockheed Martin Corporation to produce key components for the Apache helicopter Arrowhead® system. The two awards, for $31.4M and $28.5M, brings the total awards for the Arrowhead program to more than $240M to date. The $31.4M contract, to be completed by DRS’s Sensors and Targeting Systems-Optronics Division covers the delivery of Pilotage and Targeting receiver assemblies. The receiver and integrated detector assemblies produced for this program are major components of Arrowhead Modernized Target Acquisition and Designation Sight/Pilot Night vision Sensor systems in U.S.…

ThursdayFeb 21, 2008 4:47 am

Hill International, Inc. (HINT) Acquires Majority Stake in Gerens Management Group

Hill International (HINT) has recently acquired 60% of the outstanding capital stock of Gerens Management Group, S.A., a company headquartered in Madrid, Spain with additional offices in Barcelona and Cancun, Mexico. Gerens provides project management services on major construction projects throughout Spain, Western Europe and Latin America including residential, commercial, healthcare, retail and leisure, infrastructure, and hotel and resorts. Projects handled by Gerens include the Ciudad Real Airport, the Caja Madrid headquarters building, the new Toledo Hospital, and the 300 Mayakoba Resorts in Mexico’s Rivera Maya. Hill co-founded Gerens in 1998 but divested its minority stake in the company in…

ThursdayFeb 21, 2008 4:45 am

Old Dominion Freight Line, Inc. (ODFL) Purchases Assets of Bob’s Pickup & Delivery

Old Dominion Freight Line (ODFL) purchased selected assets of Bob’s Pickup & Delivery, headquartered in Sidney, Montana. Bob’s Pickup & Delivery produces approximately $10M in sales annually through its network of thirteen service centers in Montana’s towns of Billings, Bozeman, Butte, Glendive, Great Falls, Havre, Helena, Kalispell, Lewistown, Miles City, Missoula, and Sidney, and Bismarck, North Dakota. As of Feb. 15, Old Dominion added to its current route structure the twelve Bob’s terminal operations in the state of Montana and combined the Bismarck, North Dakota facility. Through this acquisition, Old Dominion now provides direct coverage to 48 states with 100%…

WednesdayFeb 20, 2008 6:28 pm

When Markets Are Down

It seems that a lot of traders and investors miss the point when talking about the markets. Traders often make scornful comments about information which holds significance for value investors, such as fundamentals, and likewise long term investors make snide comments about the foolishness of fast trading. Short sellers seem to live for finding troubled stocks, while these stocks’ shareholders sometimes accuse those same short sellers of causing the problems with the stocks. Options and futures traders sometimes have themselves so hedged, straddled and locked in, over and out, that they can’t explain what side of a trade their on.…

WednesdayFeb 20, 2008 6:21 pm

Stratos Renewables Inc. (SRNW.OB) – Sugar Ethanol is Significantly Less Correlated to Crude Oil than Other Ethanol Crops

Crops used in the ethanol making process are becoming increasingly correlated to the price of crude oil. Crops like Corn, Soybeans, and Rice rise and fall with the price of Crude Oil. In particular is Corn. Demand for it is increasing at the same rate as sugar yet Sugar prices are not seeing the same price increases. A lot of this has to do with sugar stocks and the type of crop. Sugar supply is not nearly as constrained as Corn crops. An analyst for F.O. Licht stated, “Projected stocks-to-use ratio for corn is 13.1% in 2007-08, but 54.8% for…

WednesdayFeb 20, 2008 6:11 pm

HotOtc Featured Company: Smooth Global Holdings (SMGH.OB) Expands Quickly in the Growing Market for Chinese Travelers Abroad

With a middle-class Chinese population beginning to travel abroad, taking advantage of the financial possibilities can mean big profits. Which part of the traveling public a company wants to tap is the only question. Smooth Global Holdings Inc., an international call forwarding telecommunications company offering services to The Peoples Republic of China, originally began operations as Bralorne Mining Company. Initially registered in Nevada, the company has since made a series of company additions, and name changes, that have positioned it as a leading provider of outbound call forwarding services to international Chinese Travelers. The company's original operational sales area was…

WednesdayFeb 20, 2008 6:06 pm

OTCPicks Featured Company: Spongetech Delivery Systems (SPNG.OB) Creates Two-in-One Sponge for Vehicular Uses

Spongetech Delivery Systems (OTCBB: SPNG) designs, produces, markets and distributes cleaning products for vehicular use. The products are patented technology relating to sponges containing hydrophilic (liquid absorbing) foam polyurethane matrices. By configuring the sponges for special uses, as by utilizing an outer contact layer and an inner matrix, the sponges are injected with certain formulated soaps and wax that are released when the sponge is applied to a surface with minimal pressure. Although the company’s primary products are for vehicular cleaning only, the company is exploring alternative avenues to incorporate its patented technology for the development of sponges for other…

WednesdayFeb 20, 2008 2:40 pm

MorningStockPicks.com Deploys a Unique Approach to Undervalued Stock Awareness

MorningStockPicks.com offers a very unique weather forecast theme which is used to classify featured companies based on how they are performing and their future expectations. They cover stocks that are traded on the NYSE, NASDAQ, TSX, TSX.V, OTC.OB, and OTC.PK exchanges, but specialize in lesser known and undervalued stocks. The weather forecast may sound a little strange, but can be broken down into three basic categories: Clear Skies, Bright Horizons and Grey Skies. Stocks in the Clear Skies category are comprised of large cap, big board corporations with sound fundamentals and healthy revenues. Bright Horizon stocks are generally small cap…

WednesdayFeb 20, 2008 2:37 pm

NakedStock Featured Company: GoIP Global Corporation (GOGB.PK) and iFinix Corporation (INIX.PK) Create Joint Venture

GoIP Global, Inc. is a text messaging provider that will enable investors that are signed up with iFinix RealTime Information Platform to be notified with stock alerts, share volume data, and be able to look over up-to-the-minute stock prices on their cell phones. The two companies have agreed to share resources and profits in providing the text messaging service. iFinix Chairman Drew Budhu commented on the joint venture, "iFinix is enhancing the iFinix RealTime Information Platform to make it possible for investors to keep up with important market developments even when they are away from their computers. For a modest…

WednesdayFeb 20, 2008 12:41 pm

Material Technologies, Inc. (MTTG.OB) Technology Gives Drivers Peace of Mind

You may recognize Material Technologies, Inc. (OTCBB: MTTG) from its exposure on Fox News, MSNBC and the Morning Show in response to the deadly bridge collapse in Minneapolis last August. The public sought expert opinion on metal fatigue, responsible for the catastrophe, and turned to the company with technology proven to improve public and private safety. According to the company, fatigue is the result of metal undergoing repeated cyclic stress. Often times, fatigue cracks aren’t evident to the naked eye, which is the main method of inspection for our nation’s bridges. MATECH’s Electrochemical Fatigue Sensor (EFS) is a crack inspection…

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