ThursdayJan 28, 2010 10:06 am

Miller Petroleum (MILL) Announces Six Million in Equity Investment

Miller Petroleum closed on a $6 million equity investment from an unnamed third party. The funds will be used for capital expenditures related to a recent acquisition by the company. In December 2009, Miller Petroleum purchased the oil and gas operations of Pacific Energy Resources, a company that was in Chapter 11 bankruptcy proceedings. The company did not disclose a price. Pacific Energy Resources had proved reserves of 5.6 million barrels of oil and 3.7 billion cubic feet (bcf) of natural gas located in Alaska. The discounted net present value of the reserves as calculated under SEC regulations is $325…

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ThursdayJan 28, 2010 10:03 am

CrowdGather, Inc. (CRWG.OB) Announces Successful Completion of Social Media Marketing Campaign

CrowdGather, Inc., one of the leading networks of forum communities on the Internet, recently announced that the company has completed the delivery of an integrated advertising and social media marketing campaign through its CrowdBlu website to an undisclosed client. Launched in December 2009, the marketing campaign included run-of-network display advertising, user surveys and user-generated video contest. CrowdGather’s management team intends to leverage the success of this campaign to secure new clients for its integrated viral marketing services. CrowdGather provides highly interactive and informational social network services and management of revenue-sharing resources for third-party forum owners. The CrowdBlu website (www.crowdblue.com) promotes…

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ThursdayJan 28, 2010 10:01 am

Pacific Bepure Industry Inc. (PBEP.OB) Expects to Post 25% Hike in FY 2009 Sales

Despite a slow first-half in 2009, Pacific Bepure Industry Inc., one of China’s leading footwear companies, yesterday announced a spike in domestic footwear sales that contributed to a 25 percent increase in full-year sales. The company’s four lines of Travel Time casual and sports shoes are popular among young women in smaller cities in China. Pacific Bepure manufactures the footwear and sells them in 22 provinces through retail stores and various other outlets, including the Internet and a distributor in South America. Pacific Bepure said it was able to balance sales by maintaining cost control, generating increases in margins for…

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WednesdayJan 27, 2010 4:48 pm

Novelos Therapeutics, Inc. (NVLT.OB) Nearly Doubled in Price Since Coverage by QualityStocks Newsletter

Novelos Therapeutics Inc.’s shares have nearly doubled in price since the company was initially covered in QualityStocks’ FREE Daily Newsletter. Novelos was mentioned in the newsletter only a few short weeks ago – on December 15, 2009 – when the stock was trading for only $1.09 a share. Since then the stock has climbed to a current price of $2.07 a share. That is a spectacular rise in such a short time! Novelos Therapeutics is a biopharmaceutical company commercializing oxidized glutathione-based compounds for the treatment of cancer and hepatitis. The company's lead compound – NOV-002 – is in Phase 2…

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WednesdayJan 27, 2010 2:53 pm

Ready Mix Inc. (RMX) Works to Position Itself for a South-Western US Rebound

Risk is all part of the equation when it comes to investing. If a particular sector or company appears to be at a low, there may well be opportunity for long-term profit if that sector turns around. The prospect of a loss is always there but so is the prospect of a very large profit. In a general way, this perspective all depends upon one's tolerance for risk and reward. Ready Mix Inc., a manufacturer, distributor and installer of readymade concrete, works to mine and mix concrete for the full spectrum of construction opportunities. The company works primarily in the…

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WednesdayJan 27, 2010 2:44 pm

Imagine Media Ltd. (IMLE.OB) Inks LOI to Acquire Biotech Firm DMI Life Sciences

Imagine Media Ltd. today announced it has signed a non-binding Letter of Intent to acquire DMI Life Sciences Inc., a biotechnology firm engaged in developing pharmaceutical products and medical devices. If the acquisition does take place, DMI shareholders will acquire roughly 91 percent of total issued and outstanding shares of Imagine Media. For DMI, becoming a publicly traded company will accelerate its trek of obtaining executing future plans. “Gaining access to the public markets will enable us to achieve our goals much sooner, and give our shareholders the value and liquidity they deserve. With a large and diverse portfolio, DMI…

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WednesdayJan 27, 2010 2:04 pm

GC China Turbine Corp. (GCHT.OB) Teams with Shenzhen Guohan Investment Group to Develop New Wind Farm

GC China Turbine Corp., China-based producer of advanced dual-blade wind turbines, revealed today that the Company has entered into a cooperation agreement with Shenzhen Guohan Investment Group to develop a new wind farm utilizing the company’s proprietary technology in Liaoning Province, China. The agreement to develop wind power for the Chaoyang People's Government in Liaoning Province was signed on Nov. 09, 2009, detailing the production of a facility to assemble wind turbines and do research and development in Chaoyang’s attached city, Jianping, as well as an allocation of no less than 300MW of wind farm resources to GCHT by the…

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WednesdayJan 27, 2010 1:58 pm

Genta Inc. (GETA.OB) Forms Strategic Alliance with MedCI to License Cancer Drug

Genta Inc., the biopharma company with a wide-ranging portfolio focused primarily on DNA/RNA and Small Molecule medicines, announced a strategic alliance with MedCI LLC, the well-known life-science consulting services company, with the goal of finding licensing partners for Genta’s small molecule oncology compound tesetaxel. Part of Genta’s overall oncology approach, tesetaxel is the No. 1 taxane for oral delivery currently under clinical development. The compound has shown good results in several Phase 2 trials, eliminating the infusion reactions associated with other competing taxanes and reducing the nerve damage seen with other taxanes to negligible status. Genta’s Business Development initiatives to…

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WednesdayJan 27, 2010 1:40 pm

XO Holdings, Inc. (XOHO.OB) Subsidiary Takes Major Step to Rapidly Expand Footprint

XO Communications, Inc. is a young company that has started to distinguish themselves as one of the shining stars of their parent corporation XO Holdings. In a short period of time, XO Communications has evolved into a leading nationwide provider of advanced communications services and solutions for every type of need. Today, XO Communications announced that they have expanded their international reach to Latin America. In an attempt to become a global power and increase their international network connectivity to Latin America, XO established a new gateway on the U.S.-Mexico border in McAllen, Texas as well as expanded its fiber…

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WednesdayJan 27, 2010 1:19 pm

Frederick County Bancorp (FCBI.OB) Reports Results for the Fourth Quarter 2009

Frederick County Bancorp, the parent company for Frederick County Bank in Maryland, commenced operations in 2001 and conducts full service commercial banking services through four offices. The company has posted positive quarterly earnings continuously since 2002, and the latest earnings statement was no exception. The company announced today that, for the quarter ended December 31, 2009, it recorded net income of $505,000 and diluted earnings per share of $0.34. This compares to net income of $154,000 and diluted earnings per share of $0.10 recorded for the fourth quarter of 2008. Earnings for the fourth quarter of 2009 were impacted by…

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