ThursdayApr 22, 2010 6:55 am

Centrix Bank (CXBT.OB) Announces First Quarter 2010 Financial Results

Centrix Bank announced yesterday their first quarter 2010 financial results. These results highlight record period-over-period growth and returns. A copy of the entire First Quarter Report 2010 is available on the Bank's website at centrixbank.com. Highlights for the quarter ended March 31, 2010 include the Bank reporting net income available to common stockholders of $1,907,000 or $0.62 per share (diluted), compared with $825,000, or $0.27 per share (diluted), for the same period last year. This represents an increase of 131 percent. Net interest margin for the quarter ended March 31, 2010 was 3.82 percent. This is up from 3.78 percent…

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WednesdayApr 21, 2010 12:57 pm

ImmuneRegen BioSciences (IRBS.OB) and MPI Research Agreement Aimed at Getting Homspera® to Phase 1 Human Clinical

IR BioSciences Holdings, Inc.’s wholly-owned subsidiary, ImmuneRegen BioSciences, Incorporated®, the development stage biotech firm squarely focused on the adult stem cell compound Homspera® (which boosts the immune system, accelerating the healing of wounds and remediating influenza, and can also be used as a vaccine adjuvant), has teamed up with preclinical contract research organization, MPI Research, in a strategic collaboration agreement aimed at procuring Phase 1 human clinical studies of the amazing new drug Homspera. CEO of ImmuneRegen, Michael Wilhelm, explained that this agreement with MPI enables immediate satisfaction of the FDA-required safety studies, and welcomed the rock-solid “independent validation” of…

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WednesdayApr 21, 2010 12:53 pm

ThermoEnergy Corp. (TMEN.PK) and F. R. Mahony Co-Develop Breakthrough Wastewater Nitrogen Removal Process

ThermoEnergy Corp., a globally-focused developer of clean water and energy technologies, announced today the signing of a non-exclusive Memorandum of Understanding with F. R. Mahony & Associates (FRMA), a sustainability-minded wastewater and water treatment company now in its 47th year of operation. The goal of the Memorandum is to co-develop a nitrogen removal process for the remediation of industrial and municipal waste water. TMEN brings its powerful Ammonia Recovery Process (ARP), and the scientific and engineering peerage support of its partner AECOM, together with the biological AOx process developed by FRMA (for the removal and recovery of nitrogen as ammonia),…

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WednesdayApr 21, 2010 12:46 pm

Points International Ltd. (PTSEF) Increases Revenue Guidance

Points International Ltd., known for its Points.com website, where consumers can trade, purchase, share, or redeem reward points from participating rewards programs, today announced that it is again raising its 2010 revenue guidance. The company now expects 2010 revenue to be in the US$85 to US$95 million range. Points also reiterated its EBITDA(1) margin guidance range of 3%-5% and net income profitability for the year. The company had earlier increased its 2010 revenue targets to the US$75 - US$85 million range. Points CEO, Rob MacLean, spoke of the change. “Material improvements in our forecasts have resulted in another increase to…

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WednesdayApr 21, 2010 12:45 pm

IntelGenx Corp. (IGX) Inks Commercialization Agreement with RedHill Bipharma for Migraine Relief Treatment

IntelGenx Corp. has secured an agreement with RedHill Biopharma Ltd., a privately held pharmaceutical company, in which RedHill will co-develop and license IntelGenx’s first oral thin-film migraine relief product based upon the company’s proprietary VersaFilm technology. In the fourth quarter of 2009, IntelGenx released data suggesting VersaFilm as a product that is bioequivalent to a leading branded anti-migraine therapies. "We are excited to have concluded our first, of what we believe to be many future, thin-film partnerships," Dr. Horst G. Zerbe, president and CEO of IntelGenx stated in the press release. "This partnership will help accelerate the development of this…

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WednesdayApr 21, 2010 11:11 am

China’s Major Cities Face Reality of Commercial Real Estate Bubble

Many investors are enamored with how China can keep a 7%+ growth rate going as the rest of the world only begins to dig out from recent economic events. There are many reasons this GDP growth rate has been able to be maintained although a large capital surplus of US dollars and a burgeoning middle-class that wants to be like America stand out as two of the more visible. Although for the moment the real looming question is if China can maintain this strong growth rate. Perhaps the first cracks beginning to show are in the Chinese central development plan,…

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WednesdayApr 21, 2010 10:54 am

Valley Forge Composite Technologies (VLYF.OB) Posts Q4, FY Results, Achieves Important Milestone

Valley Forge Composite Technologies Inc., manufacturer and marketer of cargo/baggage screening, full-body scanning technologies and aerospace products, today reported its results for the fourth quarter and full year ended December 31, 2009. For the fourth quarter of 2009 the company posted revenues at $2.88 million, an impressive leap from the $315,000 reported in the third quarter of 2009. The company recorded deferred revenue of $858,400 in the fourth quarter of 2009. All product sales for 2009 and 2008, including deferred revenue, were generated from sales of the company’s specialized mechanical devices for aerospace projects. Valley Forge reported a net loss…

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WednesdayApr 21, 2010 10:34 am

Source Gold Corp. (SRGL.OB) Increases Property Holdings in Northern Ontario

Source Gold Corp. is a junior mineral exploration company. The company is currently focusing on the exploration and development of high-quality gold mining projects in Canada, in particular the prolific Beardmore-Geraldton Gold Camp in northwestern Ontario. This area has produced over 4.1 million ounces of gold. The company has acquired the KRK West Property, which hosts two previously producing mines. The company announce today that it has initiated an extensive claim staking program near its existing joint venture property in the Beardsmore-Geraldton area of northern Ontario. Claim staking activity is taking place in an area in close proximity to a…

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WednesdayApr 21, 2010 10:23 am

Tombstone Exploration Corp. (TMBXF.OB) Announces Initiation of 2010 Drill Program

Tombstone Exploration Corp. yesterday announced that it has commenced its drilling program for the current year. Two targets have already been drilled, both of which have intersected mineralized zones. Utilizing a portable x-ray diffraction (XRF) machine to get on-site reading of metal levels in the drill cuttings, the company’s exploration team will use the collected data to manage the drilling initiative. Tombstone's property is underlain by Uncle Sam porphyry and units of the Bisbee Group. Mineralized fissures strike consistently northeast, and many of the fissures exhibit consistent orientation for hundreds of feet along strike. Many fissures have parallel orientations, forming…

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WednesdayApr 21, 2010 9:48 am

Universal Detection Technology (UNDT.OB) Video Chart for Wednesday, April 21, 2010

UNDT at this point is a chart that appears to have found a bottom and is developing a new uptrend. This could be a true reversal as the chart is beginning to look very bullish. The video explains what to look for if this trend is going to continue. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=381 Let us hear your thoughts below:

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