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TuesdayOct 16, 2007 4:07 am

PetroSun, Inc. (PSUD.PK) Issues Update Regarding Algae-to-Biofuels Product

PetroSun updated investors this morning concerning its algae-to-biofuels division. The company’s wholly owned subsidiary, PetroSun BioFuels, has been focused on pursuing feedstock supply agreements to market algal oil from its planned algae farms and algal oil extraction plants. The company anticipates that a minimum of 180 million gallons will be produced annually from the planned facilities in Alabama, Louisiana and Arizona. Using the crude oil price of $80 a barrel, the algal oil produced would wholesale for $1.90 per gallon or 25 cents a pound. This viable example would generate $342 million in annual gross revenues. The Company will also…

TuesdayOct 16, 2007 3:47 am

Deep Down, Inc (DPDW.OB) Announces Upgraded Target Price

Deep Down, Inc. (DPDW.OB) recently announced that Dahlmann Rose & Company, a leading analyst firm, upgraded their BUY rating and revised target price to $ 2.50 per share. This new $2.50 target price has increased from the previous target specified by Dahlmann, after the company has released a plethora of new developments to increase future company potential and shareholder value. Dahlmann Rose is a full-service investment bank that offers both research, trading, and advisory services for growing companies. In particular, Dahlmann is focused on companies operating in the vast energy and commodity supply chain business sector. The company also provides…

TuesdayOct 16, 2007 3:45 am

Ise Blu (ISBL.PK) Subsidiary LGN Entertainment Distribution Inks Deal With Hot New Artist Nick Loren

Ise Blu Equity Corp's (ISBL.PK) subsidiary, LGN Entertainmetnt Distribution, announced that they have inked a deal with Nick Loren of Loren Entertainment. Loren Entertainment is a New Media Company that is focused on developing music and media products. The media company will release their first album, Nick Loren's "Let's Make It Real," on January 15, 2008. Nick's first single hit airwaves in September 7th, and shattered records when his single crossed into eight radio formats within a three-week period. Nick Loren will also begin his national tour in January 2008, concurrent with his album release. In the past, Nick Loren…

MondayOct 15, 2007 6:34 pm

Vertical Communications (VRCC.OB) Announces Fourth Quarter Financial Results

Vertical Communications (VRCC.OB) a leading provider of IP-based phone systems and applications, has disclosed financial results for the fourth quarter of fiscal 2007 that ended June 30, 2007. For the fourth quarter; net revenue totaled $22.5 million, a significant improvement from the revenue that totaled $15.0 million during the same quarter in FY 2006. This is an increase of over 50%, which can be attributed to acquisition of Vodavi Technology, Inc. Cost of sales during this period was $12.9 million, compared to $7.0 million during the same fiscal quarter of 2007. Additionally, Gross profit for the fourth quarter of fiscal…

MondayOct 15, 2007 5:58 pm

Drilling on GoldMountain’s (GMEX.OB) Yoquivo Property Continues to Intersect High Grade Silver-Gold Mineralization

GoldMountain Exploration (GMEX.OB) and its partner, West Timmins Mining Inc. (WTM.TO), announced that recently completed Phase 1 drill programs on the Yoquivo Silver-Gold Project in Mexico have yielded a number of silver-gold bearing vein zones. One of the site's drill holes uncovered 2.08 g/t gold and 345 g/t silver. Another similar drill hole uncovered 2.66 g/t gold and 267 g/t silver. Eight holes totalling 2,474 metres were completed during the Phase 1 drill program. Both of these pertinent zones will be targeted in a future Phase 2 drill program. The Yoquivo Project covers the Yoquivo Mining District, which is located 40…

MondayOct 15, 2007 5:53 pm

Hybrid Technologies, Inc. (HYBT.OB) and Wal-Mart Stores, Inc. (WMT) Sign Pertinent Agreement

Sam's Club (which is owned by Wal-Mart (WMT) announced that throughout this holiday season, the retail store will be offering a 2007 Hybrid Technologies (HYBT.OB) Lithium-powered Smart Car, coupled with a behind-the-scenes VIP trip for four to NASA's Kennedy Space Center. This new and unique gift package will give individuals the opportunity to witness a shuttle launch first-hand. Not only that, but they will also be able to partake in the ultimate NASCAR Sprint Cup Series Race experience, an all-access trip to the 2008 Olympic Games in Beijing, and visit with southern cook Paula Deen, in Savannah, Ga. The 2007 Hybrid Technologies…

MondayOct 15, 2007 5:50 pm

EpiCept Corporation (Nasdaq and OMX Nordic Exchange: EPCT) to Present Pre-clinical Results of Myc Oncogene Directed Drug Discovery

EpiCept Corporation's Senior Director of Lead Discovery, Dr. John Drewe, will present at the IBC at the Hotel Del Coronado in San Diego, CA on October 17, 2007. During this presentation, Dr. Drewe will describe the advances into pre-clinical testing of drug discovery efforts targeting the Myc oncogene pathway utilizing EpiCept's Anti-cancer Screening Apoptosis Platform. EpiCept's apoptosis screening technology can identify new cancer drug candidates and molecular targets that have the ability to reduce cancer cells through the use of genetics and live cell high-throughput caspase-3 screening technology. EpiCept has identified several compounds that can induce apoptosis in cancer cells. Several…

MondayOct 15, 2007 5:40 pm

AWT, Inc. (AWTM.PK) to Apply for OTC: BB Listing in 2007

Advanced Wound Technologies-MidAtlantic, Inc. (AWTM.PK) announced that the company plans to list on the Over-The-Counter Bulletin Board exchange in 2007. Such a decision was made per the Corporate Growth Strategy, as the company will become more transparent by uplisting to the OTCBB. As well as greater transparency, the company will experience greater liquidity, increased access to capital markets, and increased exposure of AWTM common stock as well. Management believes that these steps will allow the company to become a leader in specialized equipment for the wound care segment of healthcare. CEO Christopher J. Neill commented, "As expected, the move from…

MondayOct 15, 2007 5:38 pm

Chase Corporation (AMEX:CCF) Announces Record Year

Chase Corporation (AMEX:CCF) reported revenue of $127.5 million for the fiscal year ended August 31, 2007. The newly reported revenue represents an 18% increase over revenues that totaled $108.4 million during the previous fiscal year. Additionally, net income for the fiscal year increased 67% to $10.2 million, or $1.22 per diluted share, compared to $6.1 million, or $0.77 per diluted share, in the previous year. Fourth quarter fiscal 2007 revenues were $34.2 million, or a 9% increase over revenues of $31.2 million in the same period last year. Net income in the fourth quarter was $3.4 million, or $0.40 per…

MondayOct 15, 2007 5:35 pm

Ballantyne of Omaha (AMEX:BTN) Acquires Leading Cinema Screen Manufacturer, Marcel Desrochers Inc. (MDI)

Ballantyne of Omaha, Inc. (Amex: BTN), a leading motion picture projection, digital cinema and lighting equipment provider, announced that it has completed the purchase of privately-held Marcel Desrochers, Inc. (MDI). Marcel Desrochers is a respected manufacturer of cinema projection screens, and has been purchased for $3.4 million in cash. MDI is a leader in projection screen manufacturing, and expects 2007 revenue to approach Cdn. $4 million. Like Ballantyne, MDI has an excellent reputation for quality products and service, strong customer relationships, and boasts an experienced technical staff. Because of MDI's wide range of products, this will expand the already vast…

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