ThursdaySep 30, 2010 9:45 am

Golden Star Resources (GSS) is “One to Watch”

Golden Star Resources is a mid-tier, unhedged gold mining company which over its 25-year history has produced in excess of 2 million ounces of gold. The company has two operating gold mines in western Africa situated along the prolific Ashanti Gold Belt in Ghana. In 2009, production totaled nearly 410,000 ounces of gold from these two mines. The company's goal is to grow its business in Ghana and other selected countries such as the Ivory Coast in western Africa. This is a wise choice and not only because of the richness of the Ashanti gold fields. Western Africa is one…

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ThursdaySep 30, 2010 9:41 am

CEL-SCI Corp. (CVM) is “One to Watch”

CEL-SCI Corp. is a biopharmaceutical company dedicated to improving the treatment of cancer and other infectious diseases by unleashing the power of the body's immune system. The company's flagship product is Multikine, the first immunotherapeutic agent being developed as a standard of care treatment for cancer. The company's Multikine has been designated as an orphan drug by the US Food and Drug Administration (FDA) and has recently begun a global Phase III trial in advanced primary head and neck cancer patients. In earlier trials, the drug was shown to kill approximately 50 percent of tumor cells before standard treatments start.…

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ThursdaySep 30, 2010 9:19 am

Security Federal Corp. (SFDL.OB) to Participate in United States Department of the Treasury’s Community Development Capital Initiative

Security Federal Corporation, the holding company for Security Federal Bank, announced yesterday that they were approved to participate in United States Department of the Treasury’s (the Treasury) Community Development Capital Initiative (CDCI). The CDCI was established by the Treasury to invest lower cost capital in Community Development Financial Institutions (CDFI). This is to support their efforts to provide credit to small businesses and other qualified customers during this challenging economic period. Participation in the CDCI will provide Security Federal Corporation with $4.0 million in additional capital, along with the $4.0 million from the sale of additional common stock, and lowers…

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ThursdaySep 30, 2010 9:01 am

Derycz Scientific, Inc. (DYSC.OB) Reports 70% Revenue Increase for Fiscal Year 2010

Derycz Scientific, Inc., a company that deals in getting information and content from publishers to consumers, reported financial and operating results for the fiscal year ending on June 30, 2010 in a conference call on Sept. 28. The highlights included full year revenues increased 70% to $24.9 million, up from $14.7 million in 2009. Their net loss narrowed from $1.1 million to $307,000. Fiscal 2010 fourth quarter revenues increased 51% to $6.4 million from $4.2 million in the 2009 fourth quarter. "The past fiscal year was exceptionally rewarding for Derycz Scientific. We grew revenues by 70% while significantly expanding our…

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ThursdaySep 30, 2010 8:51 am

China Pharmaceuticals, Inc. (CFMID.OB) Issues Reverse Stock Split to Gain Footing for Senior Exchange Listing

China Pharmaceuticals Inc., a leading manufacturer and distributor of prescription and over-the-counter pharmaceuticals in China, today announced it has effected a 1-for-3 reverse share split as of September 22, 2010. As such, a temporary “D” has been added to the end of the company’s ticker, CFMI; the letter will be removed 20 days after the share split becomes effective. The company said it has officially filed necessary amendments to the state of Nevada and FINRA for the reverse share split, which was enacted to better position the company for listing in the public market place. "Today's announcement further demonstrates to…

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ThursdaySep 30, 2010 8:49 am

Shengtai Pharmaceutical, Inc. (SGTI.OB) Reports Fiscal 2010 Financial Results, Returns to Profit

Shengtai Pharmaceutical Inc. operates through its wholly owned subsidiary, Shengtai Holding Inc., to manufacture and distribute glucose and starch as pharmaceutical raw materials and other starch and glucose products in China. The company today reported its financial results for the 12 months ended June 30, 2010. Shengtai Pharmaceutical posted sales revenue for the fiscal year ended June 30, 2010, of $115.9 million, a 58-percent increase over sales revenue for fiscal 2009. The company attributes the increase in sales revenue to an increase in sales volume and selling prices. Net sales from exports for the fiscal year increased approximately 131 percent…

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WednesdaySep 29, 2010 1:57 pm

Arkanova Energy Corp. (AKVA) Issues Operational Update

Arkanova Energy Corp. reported on the status of the company’s drilling activities at its oil and gas prospect in Montana. Arkanova Energy Corporation said that the company is currently drilling the horizontal portion of the Tribal-Max 1-2817 well. The well is located in Glacier County, Montana, at the Two Medicine Cut Bank Sand Unit. The Tribal-Max 1-2817 was drilled to a vertical depth of 3,579 feet and has now reaches a total measured depth of 5,238 feet. Arkanova Energy Corporation is targeting the Lower Cut Bank Sand formation at the Two Medicine Cut Bank Sand Unit. Arkanova Energy Corporation conducts…

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WednesdaySep 29, 2010 1:53 pm

Payment Data Systems, Inc. (PYDS.OB) Moves to Fully Acquire Assets of Electronic Recovery Systems LLC

Payment Data Systems, www.paymentdata.com – the payment solutions provider bridging the gap for merchants, billers, banks, etc. via a sophisticated yet intuitive array of world-class payment acceptance products, reported signing of a Letter of Intent (LOI) to acquire 100% of Electronic Recovery Systems LLC’s (ERS) assets today. Chairman and CEO of PYDS, Michael Long, cited the leadership status of ERS in the ACH (Automated Clearing House) return processing market and its minimal personnel as shining indicators that this acquisition spells success for the Company and its shareholders, given a market niche that generates $1.2M in annual revenues and $300k in…

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