Blog - Page 4928 of 5386

MondayAug 13, 2007 6:09 pm

SNEN Nearly Doubles Q2 Revenue: Signs Big Agreement with Sinopec

Shares of Sinoenergy Corporation (OTCBB: SNEN) jumped up today after the company filed its 10QSB with its second quarter results and issued a press release this morning announcing the date of a conference call to discuss these results. In mid-day trading, SNEN was up 27 cents (10 percent) to $2.92 per share. For the three months ended June 30, 2007, the company reported net revenues of $6.2 million, which almost doubles its year ago numbers of $3.4 million. Profits also increased substantially with SNEN reporting net income of $1.9 million, or 7 cents per share, compared to net income of…

MondayAug 13, 2007 6:09 pm

Credence Shares Jump 20%

Shares of Credence Systems (Nasdaq: CMOS) jumped 45 cents, nearly 20 percent, to $2.72 this morning, moving on volume of 4.5 million. The news of the appointment of a new senior vice president, paired with upcoming third-quarter results, seems to be prompting share activity. This morning the test solutions provider announced that Amir Aghdaei will serve as senior VP of field operations and marketing to guide the company through its global field operations and marketing groups in collaboration with the company's focus on increasing its presence in areas such as Japan and Taiwan. In a statement, Credence CEO Lavi Lev…

MondayAug 13, 2007 6:07 pm

Deli Solar up on 2Q Results

Solar water heater specialists Deli Solar Inc. (OTCBB: DLSL) crept up 10.8 percent today, riding on the company's latest second quarter 2007 financial results and boosting share prices to $2.30 a share. According to the company's latest statement, second-quarter sales figures for Deli Solar rose from $7.06 million in 2006 to $9.41 million in 2007, an increase of 33 percent - an increase the company attributed to the sale of more than 63,000 water heaters and 37,000 boilers during the second quarter of 2007. Gross profit for the company also increased, jumping 30 percent to $1.9 million, while gross margins…

MondayAug 13, 2007 6:06 pm

Ukrainian Oil pushes SERG up 122%

Star Energy (OTCBB: SERG) skyrocketed an amazing 122 percent this morning, soaring on the news of the company's recent acquisition of three Ukrainian oil and gas projects. According to the company's most recent statement, Star Energy will work through its subsidiary Anglo-Ukr Energy to help promote and expand the company's operations in the Ukraine. Of course, the oil's a good excuse, too; the statement claims that there are more than 100 million barrels of oil and 150 billion cubic feet of gas spread over seven oil and gas fields. This appears to be the company's latest move to gain a…

MondayAug 13, 2007 6:05 pm

ERFW Wireless Posts 526% Increase in Q2 Revenue

Shares of ERF Wireless Inc. (OTCBB: ERFW) are up 8 cents, or 12 percent, to 73 cents this morning as shareholders chew on news that the company obtained a 526 percent increase in revenue for the second quarter of 2007, as well as a reduction in net loss. In a statement today, the company reported its revenue at $2.4 million, up from $387,000 the same period last year. The company partially attributed the increase to its progression with its El Dorado Golf and Beach Club project in San Jose del Cabo, Mexico. "I am pleased with the results that our…

MondayAug 13, 2007 6:04 pm

CTHE & XCOR Teaming Up to Improve Hearts & Kidneys

Shares of CT Holdings Enterprises Inc. (OTCBB: CTHE) jumped up this morning after news about its merger with Xcorporeal was released. In early trading today, CTHE was up 63 cents (140 percent) to $1.08 per share. CTHE announced in a press release that they have executed a definitive merger agreement with respect to a reverse triangular merger with Xcorporeal Inc. (Pink Sheets: XCOR), pursuant to which Xcorporeal will emerge as the surviving entity. Xcorporeal is a medical device company that has developed an innovative extra-corporeal platform technology to build devices that may potentially perform functions of various human organs. The…

MondayAug 13, 2007 6:02 pm

Early Movers with Big News

Each morning, the exchanges come alive - and finding a company with news to back its movement allows MN1 to bring you updates each morning and afternoon to keep you on top of the small and micro-cap markets. The following companies released some sort of news late yesterday evening or early this morning: Euro Tech Holding Company (Nasdaq: CLWT) shares rose 35 cents, about 14 percent, to $2.78 in early Monday trading. Today the company announced its associated company, Zhejiang Tianlan Desulfurization and Dust-Removal Co., has recently been awarded four contracts worth an aggregate $7.3 million. The contracts with various…

MondayAug 13, 2007 1:05 pm

Inform Worldwide Holdings, Inc. (IWWI.OB) Subsidiary Signs Letter of Intent to Acquire Medical Resources, LLC

Inform Worldwide’s wholly owned subsidiary, PrimaCare Corporation (PCC), announced that it has entered a Letter of Intent with Medical Resources, LLC to acquire the company after required audits are completed. The two companies have already begun integrating their management and business systems. Inform Worldwide Holdings is a development stage company currently in process of identifying, developing, and marketing global business opportunities with a primary focus on natural resource development and servicing. Its current business plan involves locating and acquiring undervalued opportunities in the oil, gas and coal markets. Please share your thoughts: Inform World Wide Holdings Message Board

MondayAug 13, 2007 12:11 pm

StockGuru Blog: Medina (MIHI) Delivers the Boat Law Enforcement Needs – No Modification Required

Medina International Holdings - StockGuru Profile - OTC: MIHI I think the expanding vigilance of Homeland Security to include our nation’s bridges and ports will open a whole new market for Medina International. Medina produces commercial fire, rescue, police and patrol boats utilizing the highest design and performance standards. Their proprietary hull design and equipment features are just what law enforcement is looking for. MIHI brings the kind of real world experience that does not exist in other small rescue boats. MIHI understands international terrorism and how Homeland Security is addressing these threats by water to our country’s security. I…

MondayAug 13, 2007 12:11 pm

StockGuru Stocks to Watch for Tuesday, August 14, 2007 Featuring Edgeline Holdings, Medina International Holdings, China Wireless Communications, EastBridge Investment Group, and Lantis Laser

Edgeline Holdings, Inc. (OTCBB: ELHI) Edgeline Holdings, Inc. (OTCBB: ELHI) - Monday’s shares went up 15.29% to $0.98. 12,823 shares were traded. Edgeline Holdings announced on August 10th that it reached a non-binding agreement to acquire Intertech Bio, a newly formed biotech company that is located in Houston, Texas in an all stock transaction. “We are pleased that we have reached this tentative agreement with Intertech and will work in an expeditious manner to complete this acquisition within the next thirty days,” stated Carl A. Chase, Vice President of Edgeline Holdings. “We believe that Intertech will be a good fit…

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