TuesdayMay 17, 2011 1:27 pm

Willow Creek Enterprises Inc. (WLOC) Delineates Proposed Drilling Program for Hercules Project in Nevada’s Prolific Walker Lane Mineral Belt

Willow Creek Enterprises, the precious and base metals exploration/development company currently focused on rather sizeable land holdings in Nevada, in addition to actively pursuing the acquisition of promising North American gold projects, outlined today the upcoming drilling program slated to commence in early June 2011 at the Company’s Hercules Gold & Silver Property. The Hercules is situated in prime territory that falls within the prolific Walker Lane Mineral Belt in the southern part of Nevada’s Lyon County and consists of some 88 mining claims on 1,760 acres. An indicated resource of some 583k gold-equivalent ounces makes the Hercules a very…

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TuesdayMay 17, 2011 1:09 pm

Top Image Systems Ltd. (TISA) Launches Mobile Banking Solutions

Top Image Systems Ltd., a leading innovator of enterprise solutions for managing and validating content entering businesses from various sources, announced yesterday that it has launched mobile banking solutions that allow financial institutions to better respond to customer demand for mobile-based capabilities using smartphones. Top Image Systems' new solutions offer a variety of applications addressed to meet the unique needs of banks including value-added services such as check deposit, utility bill payment and invoice payment. Top Image Systems solutions comply with financial regulations and provide banks with cutting edge, next-generation technology while continuing to maintain the traditional high security standards.…

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TuesdayMay 17, 2011 10:52 am

Advanced Voice Recognition Systems, Inc. (AVOI) is “One to Watch”

Advanced Voice Recognition Systems, Inc. is a software development company based in Scottsdale, Arizona and is publicly traded under the symbol AVOI. Advanced Voice Recognition Systems specializes in creating interface and application solutions for speech recognition, language translation and transcription technology. The company owns a portfolio of patents and patent-pending applications related to these technologies. The company's first patent #5,960,447 includes 42 claims that cover a wide array of features applicable to existing Automatic Speech Recognition (ASR) products and markets. Advanced Voice Recognition Systems' second patent #7,558,530 covers features that the company believes are essential for client server based ASR…

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TuesdayMay 17, 2011 9:21 am

Magellan Petroleum Corp. (MPET) Reports on Worldwide Oil and Gas Operations

Magellan Petroleum Corp. reported an update on the company’s oil and gas operations including production information and recent development activity on its properties in the United States, Australia and the United Kingdom. Magellan Petroleum produced 172 million cubic feet of natural gas and 13,084 barrels of crude oil in the first quarter of 2011 from its Australian properties. The company is currently negotiating natural gas sales agreements to secure a buyer for its natural gas output. Magellan Petroleum is active in the Weald Basin in England and recently participated in the Markwells Wood-1 well, an exploration well in the Horndean…

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TuesdayMay 17, 2011 9:20 am

InsPro Technologies Corp. (ITCC) Announces Financial Results for Quarter Ended March 31, 2011

Yesterday, InsPro Technologies Corp. announced their financial results for the quarter ended March 31, 2011. During the first quarter, their liquidity and financial position improved due to the reclassification of $1,152,573 of restricted cash to cash. This was the result of the elimination of restrictions over certain of the Company's bank deposits that served as collateral for expired letters of credit. First Quarter 2011 highlights for the Company include net income of $27,641, or ($0.00) per share basic and diluted, compared with a net loss of $2,954, or ($0.00) per share basic and diluted, in the first quarter of 2010.…

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MondayMay 16, 2011 4:52 pm

VLOV Inc. (VLOV) Posts 17% Revenue Increase

VLOV Inc., a company that designs, sources and markets VLOV-brand fashion-forward men’s apparel in the People's Republic of China, today announced its financial results for the first fiscal quarter ended March 31, 2011. The company reported first-quarter revenue of $21,172, a 17 percent increase compared to $18,067 reported for the first quarter of 2010. Gross margin as a percentage of total net sales increased to 44 percent for the first quarter, up from 38 percent for the same period in 2010. Net income for the three months ended March 31, 2011, was $4,456, an increase of 316 percent from $1,071…

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MondayMay 16, 2011 4:50 pm

Save The World Air, Inc. (ZERO) Delivers Applied Oil Technology Product Prototype to US Department of Energy

Save The World Air, Inc., a company that engages in developing technology focused on energy efficiency of large-scale energy production and fuel economy for diesel fleets, has announced that a full scale Applied Oil Technology (AOT™) product prototype for supplemental oil viscosity has been delivered by its strategic partner, Colfax Corporation, to the U.S. Department of Energy (DOE) Rocky Mountain Oilfield Testing Center (RMOTC) for field-scale testing. The testing center is located in Casper, Wyoming. "We are excited to reach this stage and believe that deployment of AOT™ can positively impact the cost structure of transporting crude oil through pipelines…

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MondayMay 16, 2011 2:12 pm

ViewCast Corp. (VCST) Posts Q1 Results Impacted by Deeper Seasonal Pullback

ViewCast Corp., a developer of industry-leading solutions for the transformation, management and delivery of digital media over enterprise, broadband and mobile networks, today reported its first-quarter results for the quarter ended March 31, 2011. First-quarter revenues increased 1 percent to $3.71 million compared to $3.68 million in the prior year period. Net loss for the first quarter 2011 was $791,000, or $(0.03) per fully diluted share, compared to a loss of $311,000, or $(0.01) per fully diluted share in the first quarter 2010. EBITDA for the 2011 first quarter was $(578,000), compared to $(54,000) in the 2010 first quarter. ViewCast…

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MondayMay 16, 2011 2:09 pm

Ante5, Inc. (ANFC) Reports Results for First Quarter of 2011

Ante5, Inc. reported financial results for the first quarter of 2011 and issued an operational update on the company’s oil and gas activities on properties in the western United States. Ante5 has oil and gas properties in North Dakota that are prospective for the Bakken and various other formations. This was the company’s first full quarter operating as an oil and gas company. Ante5 reported oil and gas production of 1,254 barrels of oil equivalent (BOE) during the first quarter of 2011. The company said that 93% of this production was composed of crude oil with the balance natural gas…

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MondayMay 16, 2011 2:06 pm

Telestone Technologies Corp. (TSTC) Posts Solid Q1 2011 Figures

Telestone Technologies Corp., a leading developer and provider of telecommunications local access networks in China, today announced its financial results for the first quarter ended March 31, 2011. First-quarter revenue increased 30 percent to $14.5 million, up from $11.1 million reported for the first quarter of 2010. Revenue from equipment sales rose 37 percent to $7.0 million, as compared to $5.1 million in the year-ago quarter. Sales of professional services increased 24 percent from $6.0 million to $7.5 million in the first quarter of 2011. Gross profit for the quarter increased 33 percent to $6.6 million compared to $4.9 million…

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