Blog - Page 4990 of 5354

MondayJun 25, 2007 5:35 pm

RedChip Visibility Issues Update on IT Group Holdings, Inc. (ITGL.OB) and Maintains “Buy” Rating

RedChip Visibility reports that it has issued an IT Group Holdings, Inc. (ITGL.OB) first quarter 2007 research update. Joe Blankenship, MBA, CFA Level I Candidate, RedChip Research Analyst, wrote in the report: ``We maintain our BUY recommendation on ITGL with a 12-month price target of $1.80 per share. The Company's progress in adding new contracts with resellers has demonstrated the effectiveness of having its own switching capability. Additionally, their gross margin of 6.0 percent should continue to improve with new business. ``We have revised our revenue estimate for FY2007 from a previous estimate of $60 million to a current estimate…

MondayJun 25, 2007 5:22 pm

RedChip Features: Planktos Corp. (PLKT.OB), as Company Seeks to Prevent Oceanic Plant Life Extinction

RedChip features Planktos, Corp. (PLKT.OB) which is a for-profit ecorestoration company based in San Francisco with offices in the European Union and British Columbia. Their primary focus is to restore damaged habitats in the ocean and on land. Through iron-stimulated plankton blooms in the oceans and afforestation projects in Europe, they are able to generate carbon credits. They then sell these offsets to individuals and businesses that are looking to reduce their carbon footprint and lower their impact on climate change. The profits from the sale of these carbon credits finance further ecosystem restoration projects. The Company engages in developing and delivering ecorestoration solutions to…

MondayJun 25, 2007 4:01 pm

Pulling the Plug on U.S. Energy Systems (USEY)

.S. Energy Systems (NASDAQ: USEY) took a tumble today after reporting its business and financial update, sending its shares plunging 40 percent to the lowest point it's seen all year.It's easy to see why the company's stock plummeted after the financials were posted; according to the release, the company had previously reported it had insufficient funds to cover the expansion of its UK gas assets, assets the company acquired only last year and that cover over 100,000 acres of natural gas properties in North Yorkshire, England. After reading on, however, it's pretty obvious that "insufficient funds" is an understatement. "Based…

MondayJun 25, 2007 4:01 pm

From the Grille to the Grill

H3 Enterprises Inc. (Pink Sheets: HTRE) has taken a unique approach to target the "Hip Hop Generation," with its franchises comprising Hip Hop music, video gaming, high definition and food. Later this year the doors will open for its Hip Hop themed fast food franchise, HipHopSodaShop.The concept of the restaurant "celebrates" Hip Hop music and anything to do with the culture - from Hip Hop merchandise and media, live, high definition sportscasts, and a CyberSports arena equipped with PlayStations and Xboxes. So what kind of food makes it to the menu of a Hip Hop themed fast food restaurant? H3…

MondayJun 25, 2007 4:01 pm

Dana Corp (DCNAQ.OB) Shares Close Up 11 Percent

Shares of car and truck parts maker Dana Corp. (Pink Sheets: DCNAQ) closed at $2.11, up 21 cents, or 11 percent this afternoon.Shares remained high throughout the day, following Friday's news that the company is being pursued by Appaloosa Management LP. Appaloosa announced last week its interest in entering into a confidentiality agreement with Dana Corp. Dana Corp., in the midst of preparing a business plan in compliance with bankruptcy procedure, rejected Appaloosa's request though it has extended confidentiality to other companies. Accessibility to the information would enable Appaloosa to determine if Dana Corp.'s equity will have value through reorganization.…

MondayJun 25, 2007 4:01 pm

Tubearoo (TUBR.OB) News Causes Stock Rise

Share prices for Tubearoo Inc. (OTCBB: TUBR) arced gently today, rising a total of 10 percent over the course of the day to settle at $2.81 a share by market close.The source of this boost was this morning's announcement that the company has begun the official beta test launch of its mobile video service, allowing Tubearoo subscribers to receive video clips from Tubearoo.com on their cell phones and other cellular devices via a text messaging service. According to the release, this service has been functioning on an internal basis for some time, but that this is the first time it's…

MondayJun 25, 2007 4:01 pm

Top Closers with Big News

Bond yields and oil prices fell on Monday, which generally results in a rise in stock prices, but after a strong morning start fueled by the bond yields dropping 5 percent to 5.08, the markets ended today on a loss.Oil prices were pushed lower after the general strike in Nigeria ended and Iran invited the United Nations Atomic Agency inspectors to help resolve the conflict in Tehran. The oil prices dropped below $70 a barrel for the first time in recent weeks to $69.15. Most of the early morning gains seen by the drop in oil and bond yields were…

MondayJun 25, 2007 4:01 pm

Data Call (DCLT.OB) Responds to the Digital Signage Age

Data Call Technologies Inc. (OTCBB: DCLT) is a digital signage Internet software company taking advantage of the digital evolution. The company has working relationships and agreements with the industry's top digital signage providers, including 3M Digital Signage, Planar and more.Data Call's services allow users to upload content such as news; weather conditions; sports headlines and in-game updates; financial news and data; traffic updates; and Amber Alerts. With Data Call's solutions you can customize the sources and information you want to pop up on your television screen. "If you just wanted to view sports, or headlines or sports headlines ... you…

MondayJun 25, 2007 4:01 pm

GS Carbon (GSCR.OB) Shares Leap After Acquisition Announcement

Share prices for green-friendly resource development corporation GS Carbon Corp. (OTCBB: GSCR) shot up this morning, going up more than 100 percent after market open to drop down to 60 percent over opening price by mid-morning.The source of the jump? The announcement that equity investment company Seaway Capital Inc. is looking to acquire GS Carbon seems to be the cause. According to the latest press release from GS Carbon, Seaway Capital has "executed amended definitive agreements to acquire GS Carbon Corp. ... from its controlling shareholder, GreenShift Corporation." While the news isn't necessarily new - GS Carbon essentially said the…

MondayJun 25, 2007 4:01 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 news late yesterday evening or early this morning:Shares of GreenShift Corp. (OTCBB: GSHF) were up 4 cents in early morning trading, or 165 percent, to 6 cents on volume of 12.67 million. GreenShift issued a letter to shareholders Friday, detailing the company's accomplishments over the past two years and correcting a "number of significant issues." Facing those issues…

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RedChip Visibility Issues Update on IT Group Holdings, Inc. (ITGL.OB) and Maintains “Buy” Rating

RedChip Features: Planktos Corp. (PLKT.OB), as Company Seeks to Prevent Oceanic Plant Life Extinction

Pulling the Plug on U.S. Energy Systems (USEY)

From the Grille to the Grill

Dana Corp (DCNAQ.OB) Shares Close Up 11 Percent

Tubearoo (TUBR.OB) News Causes Stock Rise

Top Closers with Big News

Data Call (DCLT.OB) Responds to the Digital Signage Age

GS Carbon (GSCR.OB) Shares Leap After Acquisition Announcement

Early Movers with Big News

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