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WednesdayNov 09, 2011 2:10 pm

Beacon Equity Research: Another Lehman “almost has to occur,” says Eric Sprott

Little did Sprott know at the time of his latest interview, it appears the triggering event took place early this morning. Speaking with Goldmoney’s James Turk in Munich, Eric Sprott warned of another Lehman-like event stemming from the European debt crisis, which this morning took a definitive leap forward toward Sprott’s prognostication. As the bellwether 10-year Italian bond blew through 6 percent on Monday, now through 7 percent, to 7.46 percent, this morning, it appears that the ECB has either given up on containing the contagion through its Italian bond purchases (as it had threatened on Monday), or worse, has…

WednesdayNov 09, 2011 2:06 pm

Small Cap Voice: GreenLight (PRZCF) Prospectors Discover New Gold-Bearing Boulder Train Dispersed Over 450 Meters at Keymet, Bathurst Camp New Brunswick

GreenLight Resources, Inc. is pleased to announce that it has started a soil geochemistry survey over its 100% owned Keymet Property, located 24 kilometres NNW of Bathurst, New Brunswick. The soil sampling grid is laid out to cover the area of abundant arsenopyrite (Asp) bearing altered metasediment boulders (up to 1 tonne) and the up-ice projection of their probable source. Float and bedrock samples recently taken by Greenlight’s prospectors with Asp mineralization returned assays up to 12.2 grams per tonne (gpt). The potential source area is marked by a strong chargeability IP anomaly coincident with airborne mag and TEM (transient…

WednesdayNov 09, 2011 12:37 pm

SinoHub, Inc. (SIHI) Video Chart for Wednesday, November 9, 2011

SIHI is holding a firm base in the area of 40 cents. The indicators are at key points and appear to be turning bullish with the first resistance at 48 cents. Bottom support must hold. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts Let us hear your thoughts below:

WednesdayNov 09, 2011 12:08 pm

GTX Corp (GTXO) Posts 250% Increase in Third Quarter Revenue

GTX Corp is a leader in customizable, 2-way GPS solutions. The company utilizes the latest in miniaturized, low-power consumption technology and offers a robust 2-way GPS and cellular location platforms that allow subscribers to track in real-time people, pets, etc. The company today announced results for the third quarter of its 2011 fiscal year. It reported a 250% increase in revenue over the same quarter last year while expenses fell by 23% over the same period. The revenue increase was largely thanks to the initial shipment associated with a 4-year contract to supply Aetrex Worldwide Inc. with GTX's custom miniaturized…

WednesdayNov 09, 2011 12:04 pm

UTStarcom (UTSI) Posts Q3 Improvements, Reiterates Full-year 2011 Guidance

UTStarcom Holdings Corp., a leading provider of interactive, IP-based network solutions and broadband for cable and telecom operators, today reported financial results for the third quarter ended Sept. 30, 2011. The company posted third-quarter 2011 revenues at $83.3 million, up 36 percent over the $61.4 million reported for the third quarter of 2010. Gross profit increased 164 percent year-over-year to $31.9 million in the third quarter of 2011 compared to $12.1 million reported for the comparable quarter of 2010. Gross margin was 38 percent in the third quarter of 2011 compared to gross profit of 19.7 percent reported in the…

WednesdayNov 09, 2011 11:24 am

Neutra Corp. (NTRR) to Narrow Focus within Nutraceutical Market

Located in Sarasota, Florida, Neutra is an emerging nutritional supplement provider that specializes in all-natural medicine formulas engineered to prevent and treat specific medical conditions. Today, the company took another step forward with the announcement they will narrow their corporate focus to five key areas in the nutraceutical market. The five key wellness categories will include: weight-loss, sexual potency, energy, sleeplessness and detoxification. Due to increasingly busy lifestyles, which include bad food and stress, demand for natural products that help address deficiencies continue to rise and Neutra may become a significant player within these sectors with this narrowed focus. Leading…

WednesdayNov 09, 2011 11:08 am

Magic Software Enterprises Ltd.’s (MGIC) uniPaaS Application Platform Chosen by Shlomo Sixt to Develop Fleet Management System for Mobile Phones

Magic Software Enterprises Ltd., a company that develops, markets, and supports software development and deployment technology and applications, announced that Shlomo Sixt, an Israeli leader in private and commercial car rental, leasing, and sales, has chosen Magic Software’s uniPaas application platform for the development of a more innovative mobile system for managing the fleet of vehicles used by its fieldworkers. Shlomo Group IT Group developed the software by utilizing the uniPaaS platform, which supports application deployment on numerous types of devices and mobile operating systems from one single development effort. The new system allows the company’s employees to use their…

WednesdayNov 09, 2011 10:00 am

Global Health Voyager, Inc. (GLHV) and AMERIMED Partner for Medical Tourism Facilities in Mexico

Global Health Voyager, Inc. yesterday announced that it has absorbed AMERIMED Hospitals into its medical tourism network. Medical tourism, the practice of crossing international borders for the purposes of receiving health care, is experiencing rapid growth in the U.S. due to the widening gulfs of cost and standardization in both necessary and elective surgery. Global Heath Voyager, an international medical tourism company and owner of PlanetHospital, is focused on delivering technology, consultation and high-end facilities to the medical tourism industry. PlanetHospital provides clients with information and consultation to aid in the selection of destinations and hospitals for procedures. AMERIMED Hospitals,…

TuesdayNov 08, 2011 6:08 pm

ZAP Jonway (ZAAP) Strategically Relocates Sales and Customer Support Center to Eastern China City of Hangzhou

ZAP Jonway, the combined company of ZAP and Jonway Automobiles that designs and manufactures quality gasoline and electric vehicles, today announced plans to relocate its domestic sales and customer service headquarters to Hangzhou, China by the end of the year. The new location, according to company officials, is expected to increase marketing and branding efforts in China, provide increased access to local employees and put the company at the heart of the local electric car market. Hangzhou is the capital and largest city of Zhejiang Province in Eastern China with more than nine million people and ranks 8th in Chinese…

TuesdayNov 08, 2011 3:49 pm

Silver Falcon Mining (SFMI) Delivers First Shipment of Bullion Dore

Silver Falcon Mining Inc., a developer and explorer of mineral resource properties, today announced that it delivered 136 ounces of bullion dore to its contracted refinery, Republic Metals Corp., and has subsequently received payment on this first delivery. The delivery confirms and initiates Silver Falcon’s contract with Republic, and will be followed by regular shipments of stockpiled Silver Falcon’s bullion dore. Regarding the start of a revenue stream from the mill complex, Silver Falcon CEO Pierre Quilliam noted previous developments leading up to the company’s current position. "After two years of ceaseless efforts by the officers and staff of our…

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