TuesdayJun 12, 2007 4:23 pm

Strategic Acquisitions Expected to Generate Millions

Florida has the third most convenience stores in the United States; emerging gasoline retailing company, Petroleum Consolidators of America Inc. (Pink Sheets: PCAI), seems to be based in the right place as it executes more store consolidations.David Cohen, president and CEO of Petroleum Consolidators, told Market New First the company is working out the financial details to complete its third and fourth acquisitions. The company intends to complete a series of planned acquisitions in 2007. "With our first two acquisitions behind us, strategic improvements and developments are occurring rapidly," said Cohen. "Part of the business plan is owning real estate.…

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TuesdayJun 12, 2007 4:23 pm

“Lucrative” Foreclosure Market Means Business for Palomar Enterprises (PLMA.OB)

After hitting a two-year high in March 2007, April foreclosures slipped 1 percent, according to RealtyTrac, an online marketplace for foreclosure properties. In its April 2007 U.S. Foreclosure Market Report, RealtyTrac said for the second month in a row, six out of 10 cities with the highest foreclosure rates were located in California."Whether the decrease in April is the beginning of a similar trend this year remains to be seen, but we expect foreclosure activity to at least stay above last year's levels for the remainder of 2007, fueled by a combustible mix of risky loans taken out in the…

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TuesdayJun 12, 2007 4:23 pm

Innova Robotics (INRA.OB) Gives Industry Tools for the Future

Share prices for Innova Robotics & Automation Inc. (OTCBB: INRA) rose today after the company revealed that two of its subsidiaries, Robotic Workspace Technologies (RWT) and CoroWare are "poised to take center stage" at the International Robots & Vision show today in Chicago, Illinois, where it unveils its affordable mobile service robot - the CoroBot - and new robot control software licensing program.According to Lloyd Spencer, CoroWare's president, the CoroBot is one of the company's hottest products and has generated tons of interest among universities, corporations and individuals with an interest in robotics. "We've been blessed with a lot of…

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TuesdayJun 12, 2007 4:23 pm

Market Closers with Big News

U.S. stocks and indices fell across the board today as the 10-year Treasury note rose to a five-year high. With so much concern surrounding the stability of the market because of the rise in the 10-year note, the cost of borrowing will increase for many companies. Therefore, many concerned investors caused there to be more losers than gainers in today's market.After a positive press release yesterday, Eworld Interactive (OTCBB: EWIN) closed today at a price of 40 cents, down 29 cents, or 43 percent. The company is already 20 times over capacity for its closed beta test game "BattleZone" and…

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TuesdayJun 12, 2007 4:23 pm

Countrywide Financial (CFC) Edges Up on Charts

Share prices for the Countrywide Financial Corporation (NYSE: CFC) edged up slightly today after the company reported on its operational results for May 2007.According to the press release, the company's mortgage loan fundings for May totaled an amazing $44 billion - a 15 percent increase in the company's loan fundings for May 2006. In addition, the company's average daily mortgage loan application activity was up 17 percent from May of last year to a total of $3.1 million, and the mortgage loan pipeline was $70 billion in 2007 as opposed to $66 billion in 2006. Plus, the mortgage loan servicing…

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TuesdayJun 12, 2007 4:23 pm

InNexus (TSX: IXS / OTCBB: IXSBF) Signs on Immunology Specialist

Drug development company InNexus Biotechnology Inc. (TSX: IXS / OTCBB: IXSBF) made headlines today when it announced that Dr. Ellen S. Vitetta, an expert in immunological research, has joined the company's newly formed Scientific Advisory Board.According to the company's latest press release, Dr. Vitetta will join such fine minds as Dr. J. Donald Capra, president emeritus of the Oklahoma Medical Research Foundation; InNexus SAB Chairman Dr. Thomas Kindt; Dr. John D. Minna, professor and director of the Hamon Center for Therapeutic Oncology Research at UT Southwestern Medical Center at Dallas; and Dr. Carlos L. Arteaga, vice chancellor's chair in Breast…

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TuesdayJun 12, 2007 4:15 pm

PetroSun Inc. (PSUD.PK)

Petrosun Drilling, Inc., a development stage company, offers a range of oilfield well services in the United States. It provides drilling contractor services, workover services, tubulars, and related supplies and equipment, as well as digital monitoring and surveillance equipment and services in the oil exploration, development, and production industry. The company is based in Phoenix, Arizona.

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TuesdayJun 12, 2007 1:30 pm

Morning News Tuesday June 12th 2007

General News: -          Wall Street Journal reports of a large amount of leveraged loans that are outstanding within the ballpark of almost $500 billion. -          Wall Street Journal says that the New-York based private-equity firm, Kohlberg Kravis Roberts & Co. (KKR) has run out of some of its traditional investors for deal-making and is turning to hedge funds for its funding. -          Drop in gasoline prices has helped some discretionary spending.  June sales are expected to rise about 2%, according to the International Council of Shopping Centers, ICSC. -          The International Energy Agency has raised its global forecast for oil…

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TuesdayJun 12, 2007 1:04 pm

Hemis Corporation (HMSO.OB) Begins Alaska Gold Oceanographic Survey

Hemis Corporation (HMSO.OB) reports exploration progress at the Anchor Gold project is in the Cook Inlet of Alaska.   This project is one of Hemis' premium exploration properties. It is believed that due to the size of the project area, it could have great potential. A preliminary oceanographic survey was begun recently at the site. On board instrumentation included a high-precision cesium magnometer, a fathometer, side-scan sonar and a StrataBox®. The StrataBox is an instrument capable of imaging through sediments up to 40 meters thick. The survey boat used a GPS control system and also had a bottom sampler on board. This survey was intended to…

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TuesdayJun 12, 2007 12:10 pm

StockGuru Alert: StockGuru Announces Coverage of 5G Wireless Communications, Inc. (OTCBB: FGWI)

StockGuru Announces Coverage of 5G Wireless Communications, Inc. (OTCBB: FGWI) 5G Wireless Communications, Inc. (OTCBB: FGWI) G Wireless Communications is a designer, developer and manufacturer of commercial grade wireless broadband communications equipment operating in the 802.11a/b/g frequency. The 5G Wi-Fi system functions through macro-cell base stations deployed in key areas, while dead spots are filled in with smaller micro cells following the proven deployment strategy used today by cellular carriers. This type of structural design allows for a well-tailored combination of cells resulting in the ability to add higher capacity where and when needed. The Company’s principal markets are universities…

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