MondayNov 22, 2010 9:05 am

China Linen Textile Industry Ltd. (CTXIF.OB) Acquires Lanxi Tianxianfang Linen Co. Ltd.

On Friday, China Linen Textile Industry, Ltd. announced that it has acquired a 100% equity interest in Lanxi Tianxianfang Linen Co., Ltd. The acquisition, valued at approximately $6.7 million, will expand the capacity of the company's two main product lines. The acquisition will also function as a way to help China Linen meet its growing customer demand. This acquisition is expected to add approximately $4.9 million in revenue and $1.2 million in net income annually, while maintaining gross margins of approximately 30%. The acquisition includes a 23,358 square foot office building, a spinning production line with 3,000 spindles, bleaching machines…

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MondayNov 22, 2010 9:03 am

PDC Energy (PDC) Releases 2011 Oil and Gas Capital Budget

PDC Energy released the company’s preliminary oil and gas exploration and development budget for 2011. The company expects to spend up to $300 million, subject to approval by the board of directors. PDC Energy estimates that its 2011 capital plan will range between $260 and $300 million, with development drilling comprising between $205 million and $240 million of the total. The company will also spend $36 million to repurchase several oil and gas partnerships issued in 2005. PDC Energy is active in developing the Niobrara oil formation in the Wattenberg Field in Colorado, where it is conducting a horizontal drilling…

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FridayNov 19, 2010 4:52 pm

ImmunoGen (IMGN) Announces Presentation of Positive Anti-cancer Therapy Product

ImmunoGen Inc., a developer of anti-cancer products using its Targeted Antibody Payload (TAP) technology, today announced the presentation of positive clinical data for its IMGN388 anti-cancer compound at the 22nc EORTC-NCI-AACR Symposium on Molecular Targets and Cancer Therapeutics taking place in Berlin, Germany. IMGN388 is designed to target and kill cells that express its αv integrin target. The company said this antigen is found on various types of solid tumors, including lung, breast and prostate cancers, as well as on vascular cells in the process of forming new blood vessels, a process that needs to occur for any solid tumor…

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FridayNov 19, 2010 3:23 pm

Titan Energy Worldwide (TEWI.OB) Advantageously Positioned for Required Global Grid Upgrades

On a large scale, our power grid systems are “old” for lack of a better word. Most of the grid systems were designed half a century ago and are in need of change to meet the ever-increasing demand in the world today. Recently, the World Economic Forum, an independent international organization committed to improving the state of the world through interaction of leaders to shape global and industrial agendas, met to discuss the state of smart grid systems worldwide. The report generated contains a great deal of interesting information and dialogue from industry leaders on the topic of the state…

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FridayNov 19, 2010 2:00 pm

General Automotive Corp. (GNAU.OB) Announces Marketing and Distribution Agreement with Rydeen Mobile Electronics

General Automotive Company today announced that it has inked an agreement with Rydeen Mobile Electronics group to market and sell its gPad tablet based vehicle computer products to the Automotive OEM market through General Automotive's Global Parts Direct division. In addition to marketing and selling Rydeen's gPad tablet, General Automotive will work together with Rydeen on marketing opportunities to meet the needs of their global customers and markets. Phil Maeda, President of Rydeen, stated, "Aligning with a strong experienced automotive company of General Automotive's caliber is the central building block in our corporate strategy for succeeding in the OEM vehicle…

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FridayNov 19, 2010 1:40 pm

Decorator Industries, Inc. (DII) is “One to Watch”

Founded in 1953, Decorator Industries, Inc. designs, manufactures and sells top quality interior products. Leveraging a well established presence, the company delivers a broad assortment of interior furnishings, including draperies, curtains, valance boards, shades, blinds, bedspreads, comforters, pillows, cushions and trailer tents. Decorator Industries currently has 6 manufacturing plants within the United States, ranging from 20,000 to 56,000 square-feet. These plants are located in Haleyville and Red Bay, AL, Goshen, IN, Bossier City, LA, Salisbury, NC, and Abbotsford, WI. The company also has administrative offices which are located in Pembroke Pines, FL and Hackensack, NJ. Throughout its business operations, the…

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FridayNov 19, 2010 1:07 pm

Continental Materials Corp. (CUO) Trades Under the Radar

Continental Materials Corp. and its subsidiaries are focused on manufacturing and marketing heating, ventilation, and air conditioning (HVAC) products, in addition to construction products, in North America. The company's HVAC products include gas-fired wall furnaces, console heaters, fan coils, and evaporative coolers, while its construction products comprise ready mix concrete, aggregates, and construction supplies. The company also offers hollow metal doors, door frames, and other hardware. The company sells its HVAC products through plumbing, heating, and air conditioning wholesale distributors, as well as directly to retail home-centers and other retail outlets. Construction products are sold through its direct sales personnel…

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FridayNov 19, 2010 12:45 pm

Rediff.com India Ltd. (REDF) Video Chart for Friday, November 19, 2010

After a strong climb in September, REDF has pulled back but is still holding a good portion of the gains.  More importantly, it is holding a support level and holding over the 200 day moving average.  It is on watch to continue to hold and possibly make another move as a bullish harami was confirmed yesterday. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php Let us hear your thoughts below:

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FridayNov 19, 2010 12:15 pm

Debt Resolve, Inc. (DRSV.OB) Granted Fifth U.S. Patent

Yesterday, Debt Resolve, Inc. announced that U.S. Patent No. 7,831,523 ('523 Patent) dated November 9, 2010, was issued to Debt Resolve through their non-revocable worldwide license, for the settlement of consumer debt. This patent follows four other historic patents for online dispute resolution including U.S. Patent – No. 6,330,551 dated December 11, 2001, U.S. Patent – No. 6,850,918 dated February 1, 2005, U.S. Patent – No. 6,594,741 dated October 11, 2005 and U.S. Patent – No. 7,249,114 dated July 24, 2007. Debt Resolve, Inc.’s President and CFO, Mr. David Rainey, stated, "The new '523 Patent continues to expand the patent…

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ThursdayNov 18, 2010 1:23 pm

Voyager Oil & Gas, Inc. (VYOG) Reports Successful Well in Colorado

Voyager Oil & Gas, Inc. reported the success of a recently completed oil well on the company’s properties in Colorado. The company also disclosed updated details on its oil and gas development program. Voyager Oil & Gas, Inc. said that the Moonshine #1-36H well produced at a peak 24 hour rate of 650 barrels of oil per day, and is now producing 480 barrels of oil per day with only a 5% water content. The well is located in Weld County, Colorado Voyager Oil & Gas, Inc. said the Outlaw #16-11-66H well is scheduled to undergo hydraulic fracturing operations in…

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