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ThursdayFeb 28, 2008 11:03 am

Jade Art Group (JADG.OB) Announces US $11.2 Million of Sales

Jade Art Group, Inc. announced today that their wholly owned subsidiary, Jiangxi SheTai Jade Industrial Co., Ltd, (JST), signed a sales agreement for the distribution of raw jade to QuanZhou TianXiaHuiCui Jade Company Ltd. (QZTX). The terms of the agreement call for QZTX to purchase a total of 3,500 tons of raw jade consisting of various qualities from JST for US$11.2 million over the next year. QZTX will be primarily responsible for the shipment of the raw material, as well as any additional costs. Upon each shipment before delivery, JST will receive 30% of the contracted value of each shipment,…

ThursdayFeb 28, 2008 10:53 am

Universal Detection Technology Corp. (UDTT.OB) Begins Marketing Anti MRSA Products Approved by the EPA

Universal Detection Technologies Corporation, well known for its bioterrorism monitoring and detection technology, announced that it has signed a deal to market a line of Anti-Microbial products that have been approved by the Environmental Protection Agency (EPA). The Product is designed to kill 99.9% of bacteria including Methicillin-resistant Staphylococcus (MRSA), E.coli, Norovirus, and Salmonella. MRSA is usually transmitted by direct skin-to-skin contact or contact with shared items or surfaces that have come into contact with someone else's infection. It recently come into the spotlight when an MRSA infection was blamed for the death of a student at Western Washington University.…

ThursdayFeb 28, 2008 10:49 am

U.S. Geothermal Inc. (UGTH.OB) Receives Drilling Permit for First Full Size Exploration Well at Neal Hot Springs Project

U.S. Geothermal (formerly US Cobalt Inc.), a renewable energy company, announced February 28th that the Oregon Department of Geology and Mineral Industries (DOGAMI) has issued a drilling permit for the first full size exploration well at the Neal Hot Springs Project located in eastern Oregon. The recent exploration well is granted permission for depth of 3,500 feet and with the probable occurrence in further development for a geothermal resource discovery made by Chevron Resources in 1979. The surface release of Neal Hot Springs was sampled and showed possible temperature source of approximately 330 degrees F (ranging from 311 to 347…

ThursdayFeb 28, 2008 10:36 am

Clean Coal Technologies, Inc. (CCTC) Announces Signing of Agreement with the Benham Companies, LLC; Supporting Commercialization of Clean Coal Technology in China

Clean Coal announced today it has signed an agreement with The Benham Companies, LLC, to support commercialization of CCTI’s coal cleaning plants in China. Benham is a wholly-owned subsidiary of Science Applications international Corp. (SAIC). SAIC has supported Clean Coal Tech and its predecessor companies since 1996 in the advancement of CCTI’s proprietary technology to pre-process coal for removal of up to 90% of pollutants and excess moisture prior to use as a clean-burning fuel in coal-fired power plants. CCTI’s President and Chief Operating Office, Dough Gague, stated, “Our agreement with Benham, a leading engineering and design build company, is…

ThursdayFeb 28, 2008 10:35 am

American DG Energy, Inc. (ADGE) Reports FY 2007 and Fourth Quarter Financial Performance

American DG, a leading On-Site Utility offering electricity, heat, hot water and cooling solutions, reported that revenues increased by 84% to $5,847,020 in 2007. GAAP diluted earnings per share were $0.05 in 2007 compared with $0.09 in 2006 with an operating income loss of $905,077 in 2007. Gross margins expanded to 22% from 14%. John N. Hatsopoulos, Chief Executive Officer of American DG Energy said, “We are excited to report revenue growth of 84% in 2007, together with significant improvement in our gross margin. This performance reflects our ongoing commitment to focus on efficiency from both our operations and our…

ThursdayFeb 28, 2008 9:11 am

Dollar Doldrums or Delight?

When the value of the U.S. dollar achieved parity with the Canadian dollar in September 2007 for the first time since 1976, and set a record low against the euro, the media hardly embraced it as good news.1 But it was a mere five years ago that the financial media were bemoaning the United States strong dollar policy for the damage it was doing to U.S. manufacturing, exports, and tourism. So, is it surprising that the recent dollar weakness didn’t elicit cheers from Wall Street? Not really. The fact is, no matter what happens to the dollar, there are parties…

ThursdayFeb 28, 2008 9:09 am

Going Solo: A Retirement Plan Built for One

Thanks to the Pension Protection Act of 2006, pensions may be going the way of the Greatest Generation that enjoyed them. Three decades ago, 39% of active private-sector employees had traditional pension plans. Today, the figure is down to 19% (about 22 million workers).1 Although most large companies are moving away from traditional defined-benefit plans, a solo defined-benefit plan may be an attractive pension option if you are a sole proprietor or are self-employed. Savings Right on Target Defined-benefit plans allow much larger contributions than many other retirement plans. With a solo defined-benefit plan, the company makes annual deductible -contributions…

ThursdayFeb 28, 2008 9:08 am

Handling Hand-Me-Down Dollars

Inheriting an IRA can be a great source of additional income, but the penalties for mismanaging one are severe. There are strict guidelines regarding distributions from inherited IRAs, and you want to avoid making mistakes. According to the IRS, taxpayers paid over $3.6 billion in penalties on qualified retirement plans for the 2004 tax year.1 For Spouses If you inherit an IRA from a spouse, you can roll the assets into your own IRA and delay withdrawals until you reach age 70½. Or you can keep the IRA in the decedent’s name and remain the beneficiary, in which case you…

ThursdayFeb 28, 2008 8:51 am

Challenger Powerboats, Inc. (CPBI.OB) is Looking to Make Waves in 2008

Earlier this year Challenger Powerboat listed its initiative for 2008 and one of those goals included achieving a year-over-year total revenue growth of at least 100%, while improving gross margins to achieve or exceed the industry average as well as achieve net profitability for the year. The company is making strides to meet those goal and has announced today that they have received an initial 4 boat order and then a follow-up on a 10 boat order from Shawano, WI - based American Marine and Watersports, one of the largest independent boat dealers in the U.S. Challenger CEO Laurie Phillips…

ThursdayFeb 28, 2008 8:48 am

PennyStockSolutions Featured Company: Legacy Systems Inc. (LGYH.PK) Positions Itself for Chinese Silicon Wafer Growth with Patent Application

When it comes to being fast in the silicon wafer marketplace, clean means everything. This clean, however, has got to be cleaner then Grandma clean. It has got to be clean down to the molecule clean. In the race for the fastest and best wafers, any improvement can mean billions to the company that gets there first. Legacy Systems Incorporated, a provider of semiconductor wafer cleaning equipment components to semiconductor wafer equipment manufacturers, offers a range of equipment to increase efficiencies involved with semiconductor silicon wafers. The company offers a range of products from ozone to gas generator products but…

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