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WednesdayMay 09, 2007 6:01 pm

Smart Quarter for SmartPros (AMEX: PED)

Shares of SmartPros Ltd. (Amex: PED) closed up 51 cents (10 percent) at $5.39 per share on volume of 238,500. This nice jump is due to the record quarterly results SmartPros announced today in a press release. The company flirted with its 52-week high of $6.00 with today's high reaching $5.75 per share. Revenue for the first quarter of 2007 was $3.72 million, representing a 47 percent increase over the $2.53 million reported for the first quarter of 2006. Net income for the first quarter of 2007 was $586,780, or 12 cents per share, representing a 291 percent increase over…

WednesdayMay 09, 2007 6:01 pm

Meritage (MHGU.PK) Banks on Restaurants, Bahamas

Not content to just enjoy the growth and profits from its Wendy's and O'Charley's restaurant franchises, Meritage Hospitality Group (MHGU: PK) is now also looking to develop luxury hospitality projects in the Bahamas as well.Even though the Bahamian Island named Eleuthera seems like a mouthful, the company is aiming to acquire and develop the property, primarily along the oceanfront. "Our opportunity is centered on the thesis that Eleuthera, a pristine Bahamian out-island, is in the early stages of a development cycle," CEO Robert Schermer said in a recent press release. "We believe that Eleuthera is in its development infancy, similar…

WednesdayMay 09, 2007 6:01 pm

Orsus (ORXT.OB) Xelent Sets Sights on AMEX

Orsus Xelent Technologies (OTCBB: ORXT), China's fastest-growing designer and manufacturer of mobile phones, announced today its common shares would be listed on the American Stock Exchange (AMEX) under the symbol ORS starting May 10, 2007. Xavier Xin Wang, Orsus Xelent's president and CEO, said the move to the AMEX will help widen the company's exposure to an even broader market base. "We believe that a listing on the AMEX is another key step forward for us which will significantly [raise] awareness of our company among U.S. investors and investors around the world," Wang said in a recent press release. "In…

WednesdayMay 09, 2007 6:01 pm

Starpharma (OTCOX: SPRHY) Subsidiary May Aid in Early Detection

Already working on a microbicide that could help prevent the spread of HIV and genital herpes, Starpharma recently announced that through its subsidiary, Dendritic Nanotechnologies Inc., it may also be able to help scientists uncover previously undetectable disease markers. The U.S. - based subsidiary says its Priostar dendrimer technology can increase and enhance products already in use in the fluorescent reagents market. What's a dendrimer? In its most simple explanation, dendrimers are repeatedly branched molecules. Using fluorescent reagents in various ways, laboratories study diseases at their most basic parts - the markers found genetically. Many of these markers are undetectable…

WednesdayMay 09, 2007 6:01 pm

Spongetech (SPNG.OB) Shares Climb on Word of Distribution

Spongetech Delivery Systems Inc. (OTC BB: SPNG) today, announced its first $1.5 million sponge order from South America. After word of the sale, shares jumped 60 percent to 24 cents on volume of 1,224,360. I don't know why it's funny to write about sponges - but it is. The numbers backing the sponges, however, aren't. The sale agreement with SA Trading Group Corp. includes 250,000 units (1/5 kits and 1/5 singles) of the car cleaning sponges to be delivered to South America between September 15, 2007 and October 10, 2007. The company said the language on the kit packages will…

WednesdayMay 09, 2007 5:55 pm

Be Sure to Catch MN1.com in the Morning for “Micros in the Morning” to hear Mizati Luxury Alloy Wheels Inc. (MZTI.PK)

Mizati Luxury Alloy Wheels, Inc. (OTC: MZTI.PK), reports that Founder and CEO, Hazel Chu will join Market News First for an interview Thursday, May 10, 2007, at 9:45 a.m. EDT at www.mn1.com to release breaking news regarding a strategic move into the Rent-To-Own (RTO) industry. During the interview Chu will detail the formation of a wholly owned subsidiary in April 2007 for support of its new venture. The RTO industry generated record sales of $6.7 billion during 2006. Mizati is a leading designer of luxury alloy wheels with three distinct brands that are distributed throughout the United States via 300…

WednesdayMay 09, 2007 3:06 pm

CanAm Uranium Corp. (CAUI.OB) Plans Extensive Magnetic Airborne Survey Over its Wheeler Beckett Uranium Property

CanAm Uranium Corp. (CAUI.OB) reports that it has finalized a 3,600 line kilometer airborne radiometric, magnetic and electro-magnetic survey to be flown over its Wheeler Beckett Uranium Property, located in the Athabasca Basin, Saskatchewan. The survey, which will be flown by helicopter at a combination of 100m and 200m spacing, designed to test for the presence and extent of graphitic zones that can host uranium mineralization, as well as to map contacts and faults on the property. The survey, which will be conducted and supervised by Fugro Airborne Surveys and G. Santos Geoscience, is scheduled to take place in early…

WednesdayMay 09, 2007 2:01 pm

Terra Nostra Resources Corp. (TNRO.OB) Is Well Positioned To Benefit From China’s Strong Demand For Copper

According to China's General Administrator of Customs, the country imported 202,995 Metric Tons of refined copper for the year ending March, 2007. The demand has been strengthening for the important metal even with Government officials trying to slow the exports. The CEO of Terra Nostra Resources Corporation stated, “The demand for copper in China is continuing to grow in tandem with its strong economic development. Local manufacturers and importers have a large gap to fill in order to feed China's appetite for copper as a part of its ongoing industrialization, particularly for the next few years.” Through its subsidiary, Terra…

WednesdayMay 09, 2007 1:43 pm

Open Energy Corp. (OEGY.OB) Signs Open Purchase Order with Large World Ranking Solar Producer

Open Energy Corp. (OEGY.OB) reports that it has signed an open purchasing agreement with Motech Solar, the world's seventh largest producer of solar photovoltaics, to supply 6" multi-crystalline cells. The Solar Energy arena, looms larger with every passing day. Dr. Simon Tsuo, the CEO of Motech noted that "With the expansion of our second manufacturing facility in the Tainan Science-Based Industrial Park, we have increased our production capacity to 240 megawatts per year. We are confident that the US market for photoelectric products will grow quickly in the next several years, and believe Open Energy's building integrated products will have great…

WednesdayMay 09, 2007 1:18 pm

Smart Quarter for SmartPros

Shares of SmartPros Ltd. (Amex: PED) closed up 51 cents (10 percent) at $5.39 per share on volume of 238,500. This nice jump is due to the record quarterly results SmartPros announced today in a press release. The company flirted with its 52-week high of $6.00 with today’s high reaching $5.75 per share. Revenue for the first quarter of 2007 was $3.72 million, representing a 47 percent increase over the $2.53 million reported for the first quarter of 2006. Net income for the first quarter of 2007 was $586,780, or 12 cents per share, representing a 291 percent increase over…

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Smart Quarter for SmartPros (AMEX: PED)

Meritage (MHGU.PK) Banks on Restaurants, Bahamas

Orsus (ORXT.OB) Xelent Sets Sights on AMEX

Starpharma (OTCOX: SPRHY) Subsidiary May Aid in Early Detection

Spongetech (SPNG.OB) Shares Climb on Word of Distribution

Be Sure to Catch MN1.com in the Morning for “Micros in the Morning” to hear Mizati Luxury Alloy Wheels Inc. (MZTI.PK)

CanAm Uranium Corp. (CAUI.OB) Plans Extensive Magnetic Airborne Survey Over its Wheeler Beckett Uranium Property

Terra Nostra Resources Corp. (TNRO.OB) Is Well Positioned To Benefit From China’s Strong Demand For Copper

Open Energy Corp. (OEGY.OB) Signs Open Purchase Order with Large World Ranking Solar Producer

Smart Quarter for SmartPros

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