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TuesdayJun 02, 2009 5:21 am

U.S. Construction Spending Posts Surprising Gain

In April, construction spending in the U.S. rose 0.8 percent, the highest gain since August 2008, surprised economists who were expecting a decline of 1.2 percent. The unexpected gain in April is the second straight month that builders increased spending on construction projects around the country. Prior to the gain in March, U.S. construction spending had fallen for five consecutive months. Private builders increased spending on housing projects by 0.7 percent in April, which marked the first gain since August 2008. Private spending on all other construction projects other than residential ones jumped 1.8 percent during the same time period,…

MondayJun 01, 2009 3:39 pm

June 1st CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: ACCP, ACTC, CBAI, CVM, ENZ, ICLK, IWEB It was a relatively slow week on Wall Street with markets closed in observance of Memorial Day on Monday and a lack of any major developments throughout the week, but stocks managed to continue their upward swing despite the lack of significant catalysts. All told, the Dow managed to close up 2.7%, gaining 233 points to close at 8500, paring its year-tod-date loss to 3.1%. The Nasdaq gained 4.9%, closing at 1774, bringing its yearly gains to 12.5% while the S&P 500 and Russell 2000…

MondayJun 01, 2009 11:20 am

Phoenix Interests Inc. (PXNT.OB) Swaps Ticker, Updates Shareholders on Additional Changes to Come

Phoenix Interests Inc. this morning announced the immediate change of its corporate ticker on the OTCBB, from PXIT to PXNT. The switch reflects the company’s changing business plan, as it focuses on the upcoming launch of its new mobility technology strategy, targeting a rapidly growing global market for mobile solutions. To execute its changing business strategy, Phoenix Interests has laid out the blueprint for several significant changes in operations and corporate cosmetics. Phoenix Interests is in the final stages of its acquisition of Stonewall Networks, which will be the first of several planned acquisitions. Stonewall Networks plays into Phoenix Interests’…

MondayJun 01, 2009 11:16 am

EV Innovations, Inc. (EVII.OB): A Leader in Lithium-Powered Vehicles

EV Innovations, Inc. is an active player in the field of alternative fuel products, focused on marketing all sorts of lithium-powered products for consumers and business. The company has successfully converted numerous products into zero-emissions, lithium-powered vehicles and facilities including: cars, motorcycles, mopeds, work vehicles and homes. Perhaps the company's most well-known products are their INIZIO-EVS super car and their line of WAVE vehicles. These vehicles have made quite a splash recently in many major media outlets. EV Innovations WAVE vehicles, as displayed at the New York International Auto Show, have a unique aerodynamic design and high performance expectations. Due…

MondayJun 01, 2009 11:02 am

New Energy Technologies, Inc. (NENE.OB) Patents MotionPower™ Technology

Next-generation alternative and renewable energy developer New Energy Technologies, Inc. announced that it has filed nine new patent applications with the United States Patent and Trademark Office (USPTO) in order protect novel features of its recently prototyped MotionPower™ technology. According to the U.S. Energy Information Administration, coal and natural gas generate 70% of the United State's electricity. The environmental impact of greenhouse gas emissions, rising costs of non-renewable fuels, and the potential doubling of global electricity consumption in the coming years illustrates the need for creative, sustainable methods for generating electricity in the United States. In response, New Energy engineers…

MondayJun 01, 2009 10:56 am

XenaCare Holdings, Inc. (XCHO.OB) Receives Exclusive License for Detoxification Product

XenaCare Holdings Inc., a company specializing in consumer healthcare products, announced today that it received the exclusive license to market and distribute a cellular cleanse and detoxification product designed to remove heavy metals and toxins from the body. This product improves nutrient absorption, supports immune system function and reduces symptoms of allergies. Research also indicates that the product’s ingredients may help reduce viral replication and support healthy blood sugar levels. “Over the last few years, consumers have become increasingly aware of the significant health issues associated with environmental toxins,” commented Frank Rizzo, President of XenaCare Holdings. “We believe that our…

MondayJun 01, 2009 10:47 am

Northern Explorations Ltd. (NXPN.OB) Signs 47.5% Net Revenue Deal in West Texas Natural Gas Field

In some instances, investing in a sector that is out of favor is one of the more savvy things to do. Others may say that an investment in such a sector is a waste of time and money. Others, however, will see the longer view and take the rollercoaster ride for a final reward. If the reasoning is sound, an investor can make a nice profit by living by their convictions. Northern Explorations Ltd., a natural recourses exploration company, works to develop properties primarily in North America. Although the company works across the range of natural resource opportunities, it is…

MondayJun 01, 2009 10:41 am

The UpTurn, Inc. (UPTR.PK) Chooses Thoughtbot to Accelerate Development

The UpTurn, Inc. announced last month that it has engaged Thoughtbot, a technology consulting firm that provides web application development and design services, to help with UpTurn’s real estate site matching platform. The UpTurn, Inc. is a Massachusetts startup currently in the process of putting together a revolutionary online real estate marketplace and social networking site, designed to more effectively match people with effective real estate solutions, based upon individual profiles, needs, and offerings. The UpTurn plans to serve all primary residential real estate stakeholders, including buyers, sellers, renters, owners, and anyone with an interest in real estate, along with…

MondayJun 01, 2009 7:37 am

Titan Energy Worldwide, Inc. (TEWI.OB) Declares Record Bookings and Service Contracts

Titan Energy Worldwide, Inc., a leading manufacturer, marketer and servicer of energy generation products and services, announced record equipment bookings and new service contracts for the month of May. The company reported approximately $608,000 in equipment bookings, a 37% increase over the previous highest month in 2009. The Company also told investors that the value of new service contracts reached a record high for 2009 with approximately $190,000 of new contracts, a 40% increase over April, which previously held the record. Now, monthly new service contracts in 2009 are almost double the average monthly figures reported during last year. Tom…

MondayJun 01, 2009 7:25 am

Canada Zinc Metals Corp. (MTSZF.OB) Closes Non-Brokered $4.9 Million Private Placement

Canada Zinc Metals Corp. announced this morning that it has received final approvals from the TSX Venture Exchange and relevant Chinese authorities concerning the closing of the non-brokered private placement subscribed to by Tongling Nonferrous Metals Group Holdings Co. Ltd. Tongling has purchased 11,500,000 units of Canada Zinc Metals at a price of $0.425 per unit for gross proceeds of $4,887,500 and now holds a 13% equity position in the company. Each unit consists of one common share and one half of a common share purchase warrant. Each whole warrant entitles Tongling to purchase one common share of the Company…

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