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WednesdayAug 19, 2009 8:29 am

Chicago Rivet & Machine Co. (CVR) Declares Dividend

Chicago Rivet & Machine Co. declared a regular dividend of $0.10 per share. The dividend is payable on September 17, 2009 to shareholders of record as of September 4, 2009. This continues the company’s record of paying a dividend for 75 consecutive years to shareholders. The company reported a net loss in the second quarter of 2009 of $439,000, or ($0.45) per share, on sales of $4.67 million. In the same quarter of 2008, the company lost ($0.02) on sales of $8.04 million. Despite these losses, Chicago Rivet & Machine Co. has a solid balance sheet with cash and equivalents…

WednesdayAug 19, 2009 8:27 am

TAT Technologies Ltd. (TATTF) Approves Stock Repurchase Plan

TAT Technologies Ltd. announced that its Board of Directors approved a stock repurchase plan in the amount of $2 million over the next six months. The company applied under Rule 10b5-1 of the Securities Exchange Act of 1934. TAT Technologies Ltd. also reported a net profit of $550,000 or $0.08 per share in the second quarter ending 6/30/09. The company ended the quarter with nearly $41 million in cash and marketable securities. "We believe that the current market price of the Company's ordinary shares does not adequately reflect the business and resources of the Company, This stock repurchase plan, reflects…

WednesdayAug 19, 2009 8:18 am

General Environmental Management, Inc. (GEVI.OB) Expands Facilities

General Environmental Management Inc., a leading environmental and waste remediation company based in California, recently announced the opening of a new service location in Benicia, California for its Mobile Treatment Services division. GEM Mobile Treatment Services (GEM-MTS) operates a nationwide fleet of transportable treatment units for industrial and petroleum wastewater, contaminated groundwater, and wastewater solids. It also provides degassing and vapor control services using thermal oxidizer technologies. The company pointed out that MTS has saved its clients millions of dollars, while helping to limit their long-term environmental liabilities. In addition, the MTS division was recently recognized by BP US Pipelines…

TuesdayAug 18, 2009 3:29 pm

Lpath, Inc. (LPTN.OB) Announces Successful Administration of Phase 1 iSONEP

A leader in lipidomics-based therapeutics, Lpath, Inc. announced today that it has completed the enrollment and dosing of 15 wet AMD patients in a multi-center, open label, single-arm Phase 1 study of iSONEP. The iSONEP was administered as a single intravitreal injection to the study eye. The company is expected to release a complete analysis of efficacy when all data becomes available. All 15 patients tolerated the drug well, and there were no drug-related serious events reported at any of the five dose levels. Additionally, several patients showed a reduction in retinal thickness and regression of lesion size, two primary…

TuesdayAug 18, 2009 1:49 pm

Beacon Equity Research Featured Company: Alentus Corp. (ALNS.PK)

Alentus Corp. provides business class website, e-mail, SQL Server, MySQL, Microsoft Windows ASP.NET and SharePoint hosting services to small and medium sized companies. Their products and services are marketed primarily through its websites. The company also provides mission critical Windows and Red Hat Linux managed services on Dell dedicated servers, Cisco dedicated firewalls, as well as Genband based Cisco VOIP services. They also manage a reseller program that allows resellers to host bulk quantities of domains under a single customer account. Alentus is a Microsoft Gold Certified Partner and RedHat Ready Hosting Partner. Through organic growth, acquisitions, strengths, and reputation…

TuesdayAug 18, 2009 1:46 pm

Beacon Equity Research Featured Company: Omnicity Corp. (OMCY.OB)

Omnicity Corp. is focused on providing broadband access, including advanced services of voice, video and data, in un-served and underserved small and rural markets. The company aims to be the premier consolidator of rural market broadband nationwide. Omnicity plans to do this by offering a total broadband solution and through organic growth as well as acquisitions, while partnering with Rural Electric Municipal Cooperatives and Rural Telephone Companies. Since its inception in 2003, Omnicity has grown to be one of the largest rural WISPs in the Midwest. The company’s value proposition is providing internet access to rural America nationwide at a…

TuesdayAug 18, 2009 1:42 pm

Beacon Equity Research Featured Company: Baidu, Inc. (BIDU)

Baidu Inc. provides Chinese language Internet search services primarily in the People's Republic of China and Japan. The company’s popular Chinese search platform enables users to find online information, such as Web pages, news, images, and multimedia files. Products offered by the company include Baidu Web Search, which allows its users to locate information, products, and services using Chinese language search terms. The company also offers Baidu Hi, an IM service; Baidu Youa, an online C2C platform; and Baidu Safety Center for virus scanning, system repair, and online security evaluations. With the company’s Baidu Desktop Search, users are able to…

TuesdayAug 18, 2009 1:34 pm

Insight Management Corp.’s (ISIM.OB) CEO Recognizes Increasing Demand for Natural Gas Well Servicing

Insight Management Corp.’s President and CEO, Jennifer Rapacki, today commented on the current uptrend in the domestic natural gas services market. "While existing natural gas wells continue to demand maintenance, new drilling activity should create added demands for service," Ms. Rapacki noted. "We are now seeing an increase in leasing activity and are very encouraged about how that will translate into higher revenues for service companies like ours in the remainder of this year." Natural Gas well servicing is a major source of revenue for Insight's wholly-owned subsidiary, Rebel Testing, Inc. Maintaining a fleet of pump hoist trucks to service…

TuesdayAug 18, 2009 1:30 pm

Chisen Electric Corp. (CIEC.OB) Reports Increased Revenue

A leading producer of lead-acid motive batteries, Chisen Electric Corp. reported yesterday that revenues in the first quarter increased by approximately 33% as strong sales of its battery products continued to grow. The company reported that revenues in its first quarter increased to $29,475,000 compared with revenues of $22,225,000 in the same period a year earlier. Net income increased slightly from $1,912,000 to $2,005,000. Chisen Electric Corporation, headquartered in Zhejiang Province, the People's Republic of China, sells its products under its own brand names for predominant use in electric bicycles. Among all types of batteries for electric bicycles, the lead-acid…

TuesdayAug 18, 2009 1:05 pm

Kraig Biocraft Laboratories, Inc. (KBLB.OB) is Excited about Spider Silk

Kraig Biocraft Laboratories Inc. is an emerging biotech company with a strong intellectual property portfolio relating to genetic modification of silkworms to produce spider silk. The company believes this path of research will lead to the development of a new “super fiber” such as Kevlar. The total market for such fibers is believed to be about $90 billion annually. Kraig Biocraft has reason to be excited about spider silk. The silk produced by spiders is among the strongest fibers produced in nature. Spider silk is also extremely elastic and resilient. Depending upon how measurements are made, spider silk is nearly…

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