MondayAug 03, 2009 12:00 pm

Northgate Minerals Corp. (NXG) Expects Record Gold Production in 2009

Permits and expectations are two key areas of consideration when a mining company works to make a go of it in a volatile commodities market. Permits always have longer lead times, and prices, especially in today's market, can swing on a dime. If, however, a company can go about dealing with these issues in a conservative and efficient way, it may find that the results far outpace the expectations. Northgate Minerals Corp., a gold and copper mining company, works to develop gold and copper properties in Canada and Australia. The company controls 100% interest in its Canadian properties and partial…

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MondayAug 03, 2009 7:28 am

Artfest International, Inc. (ARTI.OB) Presents at the Southern California Investment Association Conference Tomorrow

Artfest International, Inc., an innovative company that brings together artists, investors, decorators, designers, private collectors and art galleries, recently announced that Edward Vakser, the company’s chief executive officer, will be one of the featured presenters at the Southern California Investment Association’s “Hot August Conference” on Saturday, August 1 in Irvine, California. The conference was held at the Hilton Hotel and Mr. Vakser spoke at 8:15 am PST. Focusing on how Artfest International’s RFID technology is changing the face of the arts and collectibles industry, Mr. Vakser discussed how the company’s recent acquisition of Charity Sports Distributors is expected to dramatically…

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MondayAug 03, 2009 7:26 am

QuantRx Biomedical Corp. (QTXB.OB) Forms Joint Venture with NuRx Pharmaceuticals to Capitalize on Point-of-Care Products

QuantRx Biomedical Corp. is a diagnostics company engaged in the development and commercialization of innovative diagnostic products centered on its patented technology platforms. Friday, the company announced its joint venture with NuRx Pharmaceuticals Inc. (NUXP.OB), a life sciences company engaged in the research and development of oncology products and relative care. The joint venture was formed to accelerate efforts to take advantage of Point-of-Care (POC) products. Per the agreement, NuRx will provide the new venture, QN Diagnostics LLC, with more than $5 million of working capital, which will be used for marketing and revenue generation of its POC line of…

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MondayAug 03, 2009 7:23 am

Skinvisible, Inc. (SKVI.OB) Receives Approval for Additional U.S. Patent

Pharmaceuticals and dermatology go hand in hand. Existing skin care products cover a wide range of capabilities. Some are to aide with an allergic reaction. Some slow the elasticity process of aging. Some offer concealment to blemishes. Whatever the type used, this industry is huge, really huge. Even as we live in such uncertain times, the salon and skin care industries are running at peak performance. It is not just one or two areas of that market doing well either, it is abroad. Because of technology accompanied by a host of pharmaceutical scientists, researchers, and those dedicated to the skin…

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MondayAug 03, 2009 7:19 am

Axial Vector Energy Corp. (AXVC.PK) Appoints New Chairman of the Board of Directors

Axial Vector Energy Corporation announced this morning that Mr. Samuel Higgins has been appointed to the position of Chairman of the Board of Directors, filling a vacancy resultant from the departure of Mr. Ahmed Khalifa. As previously stated in AVEC's SEC Form 8K on June 23, 2009, Mr. Khalifa resigned when Global Operations purchased all of the shares held by Mr. Khalifa’s firm, Emirates International Capital Advisory. However, the press release noted that Mr. Khalifa remains a private shareholder of AVEC. Regarding the appointment, AVEC President and CEO Sanjai Chhaunker commented, "We are extraordinarily pleased to have persuaded Mr. Higgins…

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FridayJul 31, 2009 2:42 pm

Kodiak Energy Inc. (KDKN.OB) is “One to Watch”

Headquartered in Calgary, Alberta, Kodiak Energy Inc. is an oil and gas exploration and development company. Trading on the TSX Venture Exchange and the OTCBB, they focus on creating a portfolio of North American assets that offer production opportunities and asset growth through exploration. Kodiak is a multi-project enterprise with a land position of over 340,000 gross acres leased for exploration and development. The company's mission is the development of onshore oil, gas, and CO2 properties in the North American arena. Kodiak Energy has lease holdings in Montana, Alberta, and British Columbia. They also have prospects in the central Mackenzie…

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FridayJul 31, 2009 2:21 pm

General Employment Enterprises Inc. (JOB) Suffering From Deep Recession

General Employment Enterprises Inc. announced its third fiscal quarter earnings results reporting a net loss of $2.295 million, or $0.44 per share, and consolidated net revenues of $2.52 million. These results were down sharply from the same quarter in 2008. The company is in the midst of a strategic restructuring, and recorded a non-cash charge of $1.475 million in the quarter as part of this restructuring. Ronald E. Heineman, the CEO said, "This strategic restructuring will provide us with a stable platform for future growth.” General Employment Enterprises Inc. is impacted greatly by the trends in national employment, and has…

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FridayJul 31, 2009 2:15 pm

Entech Solar, Inc. (ENSL.OB) Announces Noteworthy Progress

Entech Solar, Inc. announced that the company has made noteworthy progress for their solar and skylight products. Recently, Entech suspended manufacturing operations for previous generation solar systems, but has made developmental progress for their next generation products. The company has completed the initial design phase for their ThermaVolt II product, including the construction and operation of a prototype. This product was able to successfully produce both electric and thermal energy. Dr. Frank W. Smith, Entech Solar’s Chief Executive Officer, stated, “ThermaVolt II’s combined output of electricity and thermal energy produces four to five times the amount of energy compared to…

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FridayJul 31, 2009 10:52 am

Semiconductor Industry Survival

The financial downturn and global recession has hit the semiconductor industry hard. Orders for microchips were almost non-existent at the end of 2008 as computers and mobile phones languished unsold on retailers' shelves. According to the Semiconductor Industry Association, global semiconductor sales fell 2.8 percent last year and are expected to fall a further 21.5 percent to $195.6 billion this year. The semiconductor industry is used to severe cycles. It has seen six significant cycles since the 1970s caused by recessions and oversupply. The last one, when the dotcom bubble burst in 2001, saw sales plunge 45 percent. But this…

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FridayJul 31, 2009 8:41 am

Premier Commercial Bancorp (PCBP.OB) Reports Earnings for Second Quarter and Year-to-Date

Premier Commercial Bancorp, parent company of Premier Commercial Bank, N.A., reported a sizable increase in consolidated earnings for the second quarter of this year. Earnings totaled $206,000, compared to $113,000 for the same period last year. For the six months ended June 30, 2009 earnings totaled $411,000 compared to $485,000 for the same period last year and $352,000 for 2007. Premier Commercial Bank Chairman and CEO Kenneth J. Cosgrove commented, “The financial results for the second quarter of 2009 are reflective of the continued challenges of the financial environment. At PCB, we have responded cautiously through prudent loan loss allocations…

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