WednesdayFeb 17, 2010 10:55 am

China Precision Steel, Inc. (CPSL) Reports Profit in Second Fiscal Quarter

China Precision Steel, Inc. reported net income of $2.6 million, or $0.06 per diluted share, for its second fiscal quarter of 2010. This was a strong improvement from the net loss of $2.0 million, or $0.04 per diluted share, in the same quarter last year. China Precision Steel, Inc. reported $27 million in revenues for the second fiscal quarter of 2010, up 54% from the $17.6 million reported in the same quarter in fiscal 2009. Dr. Wo Hing Li, the CEO of China Precision Steel, Inc., said, "We are optimistic that market activity will improve throughout the first half of…

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WednesdayFeb 17, 2010 10:50 am

MacroSolve Inc. (MCVE.OB) Sells digiTICKET in Profitable Asset Transaction

MacroSolve Inc. is a young company that delivers mobile applications and solutions to businesses and government. Formed in 1997, MacroSolve has developed an array of products in a growing mobile application industry. Today, MacroSolve took a major step towards enhancing its future with the announcement that they have sold one of their feature products, digiTICKET. Since its development in 2009, digiTICKET has become a state-of-the-art product in the law enforcement market. With superior technology in place, digiTICKET has helped MacroSolve control its share of the market. The electronic ticketing digiTICKET sold for $450,000 in an asset sale. MacroSolve received $400,000…

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TuesdayFeb 16, 2010 2:42 pm

Derycz Scientific (DYSC.OB) Posts Q2 and FY 2010 Results, Reports First Quarter of Profitability and 121% Revenue Increase

Derycz Scientific develops companies, products, services and systems to facilitate easy flow of information from content publishers to their constituents. The company today announced its second-quarter and half-year financials for fiscal 2010. The company reported a 121 percent increase in second-quarter revenue to $7.6 million, up from $3.4 million for the same period of fiscal 2009. For the six months ended December 31, 2009, revenue increased 87 percent to $12.4 million, up from $6.6 million for the same period the year prior. Quarterly income rose to $235,734, or 2 cents per fully diluted share, compared to a loss of $132,177,…

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TuesdayFeb 16, 2010 1:46 pm

Affinity Gold Corp. (AFYG.OB) ‏is “One to Watch”

Trading on the OTC Bulletin Board, Affinity Gold Corp. is a junior gold exploration company. Their focus is on the exploration, acquisition, and development of alluvial and open-pit mining concessions located within Latin America. The Company's core strategy is to acquire, prove, and develop high-grade low-cost gold properties, conducive to alluvial and open pit mining operations. Affinity Gold received incorporation as "Syncfeed Inc." in the State of Nevada on March 27, 2007. Effective February 10, 2009, with the State of Nevada, they completed a merger with their wholly owned subsidiary, Affinity Gold Corp. Consequently, they changed their name from Syncfeed…

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TuesdayFeb 16, 2010 12:47 pm

Advanced Energy Industries, Inc. (AEIS) Shows Strong 4Q 09 Financials

Advanced Energy Industries, Inc., developer of power and control technology for the solar industry, semiconductors, flat panel displays, architectural glass and many other advanced applications including thin-film manufacturing, announced its 4Q 09 (ended Dec. 31) financial results today. CEO of AEIS Hans Betz said that the 4Q 09 figures marked a “high point” for last year, as revenue and additional profits were obtained through a skillful leveraging of strategic cost reductions executed throughout the year. Hans Betz noted, as chief inputs, a rebound in the semiconductor capital equipment market and penetration into the larger multi-megawatt sector from the Company’s Solaron…

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TuesdayFeb 16, 2010 12:44 pm

GC China Turbine Corp. (GCHT.OB) Signs Agreement to Develop Wind Farm in Mongolia

GC China Turbine Corp., the Wuhan City, Hubei Province-based developer of next generation, 2-blade wind turbines incorporating proprietary technology (which makes them renowned for low-cost and reliability), announced a cooperation agreement today with Inner Mongolia-based Fengshuo Wind Power Co., Ltd to develop a 300-MW wind farm for regional power generation. The cooperation agreement was signed January 30, 2010, and is now being rapidly implemented. The development of this facility will require the purchase of many of GCHT’s turbines. The decision to move forward comes after successful acquisition by Fengshuo of a Consent Letter from the Alukeerqinqi Development & Reform Bureau…

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TuesdayFeb 16, 2010 12:24 pm

Mitek Systems Inc. (MITK.OB) Posts Q1 2010 Improvements, Highlights Key Achievements

Mitek Systems Inc. develops image analytics and mobile image capturing applications for smartphones, such as document capture for checks, documents and objects. The company today posted its financial results for the first quarter of fiscal 2010. "Our first-quarter results are a good start to 2010," Mitek president and CEO James DeBello stated in the press release. "We are executing on our growth plan, managing our operating expenses -- which were down 32 percent from the same quarter last year -- and our cash position and working capital are both positive.” For the fiscal first quarter ended December 31, 2009, Mitek…

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TuesdayFeb 16, 2010 11:56 am

ChinaTel Group, Inc. (CHTL.OB) Announces Upcoming Investor Relations Campaign

ChinaTel Group, Inc., a leading high speed wireless broadband, telecommunications infrastructure, engineering and construction services provider, announced that it has selected KCSA Strategic Communications, a leading New York-based communications firm, to head its new investor relations and financial communications program. KCSA has been commissioned to implement a comprehensive investor relations campaign designed to build greater awareness of ChinaTel following its recently completed $640 million equity financing. Todd Fromer, Managing Partner of KCSA, will lead the investor relations team and provide strategic counsel on financial communication matters, while Lewis Goldberg heads KCSA's public relations efforts for ChinaTel. ChinaTel's CEO, George Alvarez,…

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TuesdayFeb 16, 2010 11:51 am

NACEL Energy Corp. (NCEN.OB) Announces Agreement with Southwest Power Pool to Supply Renewable Energy

NACEL Energy Corp. was pleased to announce today that it has entered into a Feasibility Study Agreement with Southwest Power Pool, Inc. (SPP) to evaluate the impact of connecting the company's 20 MW Leila Lake wind power generation project to the electric grid. As NACEL Energy previously told investors late last month, it has submitted a comprehensive bid, with the input of a tier one wind turbine manufacturer, for the supply of 20 MW of power from Leila Lake to American Electric Power Service Corporation (AEPSC), a subsidiary of American Electric Power Company of Columbus, OH, one of the nation's…

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TuesdayFeb 16, 2010 11:26 am

GeoPharma Inc. (GORX) Finds a Diverse Product Mix Helpful with Current Economic Conditions

GeoPharma Inc., a biotechnology company primarily focused on nutraceutical and cosmetology oriented products, works to develop, manufacture and market dietary, generic pharmaceutical and health and beauty products. Although the description of company activity may appear somewhat odd, it may be easier to say that it manufactures and distributes nutritional supplements/pharmaceutical products with other related manufacturing elements associated with the process - such a warehouse services. Although the company may be at a different level within the "pharma" world, it can be suggested that there are portions of the company that may be of interest. One can never discount the cosmetic…

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