QualityStocks Stock Newsletters Archives - Page 692 of 1818

WednesdaySep 09, 2009 12:55 pm

Butler National Corporation (BUKS) Reports Solid Quarter

Butler National Corp. reported net income of $718,000 in its first quarter of fiscal 2010 (ending July 31, 2009). This was up 126% over the same period in 2008. Revenues were $6.06 million, up 17% year-over-year. Butler National Corporation also reported a backlog of $10.8 million as of 8/28/2009. The Avionics segment saw the biggest increase in revenues, which totaled $2.3 million, up 161% on a year-over-year basis. Operating profit in this segment, which manufactures and repairs airborne switching units for Boeing and other aircraft, reached $946,000. Butler National Corporation is an Aerospace company that provides products and services for…

WednesdaySep 09, 2009 12:42 pm

NXT Nutritionals, Inc. (NXTH.OB) Launches SUSTA Natural Sweetner

NXT Nutritionals Inc. is a developer and marketer of proprietary, patent-pending healthy alternative sweeteners as well as food and beverage products. The common ingredient for all of the company's products is its SUSTA natural sweetener, a minimal calorie, all-natural, nutritional sweetening system. The company believes that SUSTA is superior to all other sweeteners on the market and that it is the healthier and better-tasting sweetener that consumers have long sought. The company's SUSTA sweetener is targeted at individuals craving sweetness but for whom sugar is either an unviable option or is an undesirable option. At the top of this group…

WednesdaySep 09, 2009 12:23 pm

China Armco Metals, Inc. (CNAM.OB) Announces Completion of $8 Million Contract

China Armco Metals, Inc., a distributor of imported metal ore with plans to build a new state of the art scrap metal recycling facility in China, announced today that Armco Metawise, Ltd., the company's wholly owned subsidiary, has delivered the last of iron ore to a China based steel company pursuant to a contract that is expected to generate revenues of approximately $8 million in the third quarter of 2009. Commenting on the contract, Mr. Kexuan Yao, CEO and Chairman of China Armco Metals, Inc., stated, "We are extremely pleased with the strong sales efforts we have made in the…

WednesdaySep 09, 2009 12:18 pm

Geisinger Medical Center Selects CDEX Inc.’s (CEXI.OB) ValiMedTM Medication Safety System

Worldwide studies have proven that high-risk medication compounding errors in pharmacies continue to cause significant harm to patients and monetary loss to hospitals. Today, CDEX, Inc. announced that Geisinger Medical Center has joined a growing list of world-class hospitals that are proactively addressing this issue by selecting the ValiMed™ Medication Safety System to assure the "Right Drug at the Right Dose" every time. "After reading the University of Michigan Health System study that documented ValiMed's identification of five major medical mistakes over an 18 month period at one hospital, I knew that we needed to bring that technology in-house," stated…

WednesdaySep 09, 2009 9:49 am

China Biologic Products, Inc. (CBPO.OB) Appoints Director of Research and Development

China Biologic Products, Inc. has been gaining a reputation as one of the leading plasma-based pharmaceutical companies in the People’s Republic of China and has obtained great success operating through its indirect majority-owned subsidiaries, Shandong Taibang Biological Products Co. and Chongging Dalin Biologic Technologies Co. While the young company has been making strides across the globe, they obtained a major asset to their company with the announcement that they have appointed Dr. Vincent Yi-Wu Xie to become the new Director of Research and Development. Dr. Xie brings a lot of experience and credibility to the China Biologic team. Dr. Xie…

WednesdaySep 09, 2009 9:38 am

Cell Biosciences Signs Agreement to Acquire Alpha Innotech Corp. (APNO.OB) for $17.6 Million

Cell Biosciences, Inc., a private life sciences company focused on nanoproteomics, and Alpha Innotech Corp., a leading developer, manufacturer and marketer of digital imaging and analysis systems, recently announced that Cell Biosciences will acquire Alpha Innotech for $1.50 per share or approximately $17.9 million in cash. In 2008, Alpha Innotech achieved revenues of $17.6 million and was profitable on both an operating and a net income basis. The completion of the transaction is subject to customary terms and conditions, including approval by the Alpha Innotech stockholders. The directors, executive officers and certain stockholders of Alpha Innotech, who collectively hold approximately…

WednesdaySep 09, 2009 9:36 am

Verenium Corporation (VRNM) Does a 12 for 1 Reverse Stock Split

Verenium Corporation is conducting a 1 for 12 reverse stock split to be effective on September 9, 2009. The stock split will reduce the number of shares outstanding from 111.3 million to 9.3 million. Verenium Corporation reported revenues of $16.3 million and a net loss of $19.9 million in the second quarter of 2009. The company also reduced its debt by $15 million from the same period in 2008. “We continue to make considerable progress toward developing and financing commercially-viable, next-generation cellulosic ethanol which we believe is an important component of America's future energy mix," said Carlos A. Riva, the…

WednesdaySep 09, 2009 8:35 am

Axial Vector Energy Corp. (AXVC.PK) JV Partner Awarded Key Patent in Indonesia

Axial Vector Energy Corp. announced that its PETRO AVEC JV partner, Petrosonics LLC, has been awarded a patent in Indonesia that protects the process of removing sulfur from all types of crude oil fractions through sonic energy, oxidation and the removal of all of the oxidized sulfur through hydrotreatment. The patent will remain effective for 20 years. According to the Oil & Gas Journal, Indonesia had 4.3 billion barrels of proven oil reserves as of January 2007. Although Indonesian crude oils vary widely in quality, most streams have gravities in the 22 to 37 degrees API range. Indonesia's two main…

TuesdaySep 08, 2009 11:20 am

China Agritech, Inc. (CTEC.OB) Expands Sales Contract with China’s Largest Fertilizer Distributor

China Agritech Inc. is a young and growing company that has been gaining national recognition as a leading national liquid and granular organic compound fertilizer manufacturer and distributor in China. The young company reached a major milestone today with the announcement that they have expanded a sales and distribution partnership with Sinochem Fertilizer Company Ltd. for the company’s “Green Vitality” granular fertilizer products. This pivotal contract, which will run through 2010, will supply 15,000 tons of Green Vitality granular fertilizer and is worth an estimated value of $6.4 million. China Agritech’s “Green Vitality” compound granular fertilizer products are a premium…

TuesdaySep 08, 2009 11:16 am

Cavico Corp. (CAVO.OB) Finishes Construction on Hydropower Plant

Today, Cavico Corp., a leading infrastructure development company, announced that its wholly owned subsidiary, Cavico Hydropower Construction JSC, has completed the construction of the Dasiat Hydropower Plant. The subsidiary has begun the process of transferring the project over to Southern Hydropower Joint Stock Company, the project’s owner. Cavico Hydropower started this $4.6 million construction project in July 2006. It supplied equipment for waterways including surge tanks, intakes, the headrace tunnel, and other construction related work, including the creation of a 1.44-mile headrace tunnel. The tunnel is considered to be the narrowest tunnel in Vietnam. The new hydropower plant has been…

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