Posted on 8/31/2011 @ 6:28 PM in #Stocks by Mission 0 comments

LTX-Credence Corp., a global provider of ATE solutions, today announced financial results for its fourth quarter and fiscal year ended July 31, 2011.The company reported fourth quarter 2011 sales of $62.6 million, a decrease compared to sales of $73.1 million for the fourth quarter of 2010, but up from previous quarter sales of $58.6 million. Net income for the 2011 quarter was $12.0 million, or $0.24 per diluted share, a decrease from $14.1 million, or $0.09 per diluted share, reported for the fourth quarter of last year. On a non-GAAP basis, net income for the 2011 quarter was $13.8 million, or $0.27 per diluted share.For the 12 months ended July 31, 2011, LTX reported sales of $249.5 million, up 14 percent compared to sales of $219.0 million reported for full-year 2010. Net income was $60.0 million, or $1.19 per diluted share, compared to net income of $18.5 million, or $0.13 per share, reported for the comparable 12 months of 2010. On a non-GAAP basis, net income for the year was $56.3 million, or $1.12 Continued...

Hanwha SolarOne Co., Ltd. (HSOL) is “One to Watch”

Posted on 8/31/2011 @ 1:38 PM in #Stocks by Mission 0 comments

Hanwha SolarOne Co., Ltd. is a leading provider of global energy solutions designed to meet the demands of the 21st century energy customer. From quality crystalline silicon and solar module assembly to project development and financing, Hanwha SolarOne offers a fully integrated solution. Through control of the supply chain, the company is able to deliver the highest quality products at very competitive prices.The company’s technology department works closely with the manufacturing department to lower production costs by improving production efficiency. In July 2007, Hanwha SolarOne established the Hanwha SolarOne PV Engineering Center. This center, equipped with a fully dedicated pilot production line and various characterization tools, focuses on improving the solar cell efficiency and extending its application.Hanwha SolarOne takes its role as a leader seriously, both in business and in the community. Long-term commitment is the key focus of the company, which supports its modules with a 25-year warranty Continued...

VistaGen Therapeutics, Inc. (VSTA) Stem Cell Technology to Test New Drugs for Toxicity Before Humans Trials

Posted on 8/31/2011 @ 1:38 PM in #Stocks by Mission 0 comments

VistaGen Therapeutics, Inc., a biotechnology company focused on stem cell-based drug rescue and drug development, recently completed a $3.87 million financing (including cancellation of $1.0 million of debt) to accredited investors, including a $1.5 million investment by Platinum Long Term Growth Fund. The Company is focused on rescuing the investments made by pharmaceutical companies in promising drug candidates that have been “put on the shelf” due to heart toxicity concerns. By combining its stem cell technology platform, Human Clinical Trials in a Test Tube(TM), with modern medicinal chemistry and three-dimensional (3D) “micro-organ” culture systems, the Company plans to create new, safer, proprietary drug rescue variants of once promising original drug candidates.VistaGen uses its human pluripotent stem cell technology to generate early indications, or predictions, of how humans will ultimately respond to new drug candidates long before they are ever tested in humans. The Company anticipates that Continued...

Titan Pharmaceuticals, Inc. (TTNP) Confirms Pre-NDA Meeting with FDA for Probuphine™

Posted on 8/31/2011 @ 1:37 PM in #Stocks by Mission 0 comments

Today, Titan Pharmaceuticals, Inc. announced that the U.S. Food and Drug Administration (FDA) has confirmed a Pre-New Drug Application (Pre-NDA) meeting with the company regarding Probuphine™ to be held on October 25th, 2011. Probuphine is an innovative, subcutaneous implant formulation that delivers a steady, round-the-clock dose of buprenorphine over six months following a single treatment. Titan is developing this formulation for the treatment of opioid dependence.At the Pre-NDA meeting, Titan will review all elements of the Probuphine development program and seek FDA input and guidance on the proposed content of a New Drug Application (NDA). In preparation for the meeting, Titan is required to submit to the FDA a comprehensive briefing document by mid-September that includes data from all the non-clinical and clinical studies and the chemistry, manufacturing and control processes and procedures for the manufacturing of this formulation.The FDA has agreed to review the Probuphine NDA submission under its Continued...

DG FastChannel, Inc. (DGIT) in Agreement to Acquire Unit of Limelight Networks

Posted on 8/30/2011 @ 5:22 PM in #Stocks by Mission 0 comments

DG FastChannel, Inc. is a leading provider of digital media solutions and technology to the advertising, entertainment and broadcast industries. Through its television unit, the company serves more than 5,000 advertisers; though its internet unit, DG serves more than 9,000 brand owners.The company today announced a definitive agreement to acquire Limelight Network’s EyeWonder video and rich media advertising unit for approximately $66 million in cash. The deal enhances DG’s position as a leading provider of interactive digital advertising products and services. The transaction is also expected to be accretive to the company’s 2012 GAAP earnings per share.EyeWonder is leading provider of interactive digital advertising products and services. These include online video and rich media solutions, serving Fortune 1000 companies and premium marketers around the globe. In addition to helping clients create, track and optimize campaigns, EyeWonder is recognized globally for its technological expertise around Continued...

China Net Online (CNET) Details Blueprint for Global Market Expansion

Posted on 8/29/2011 @ 5:22 PM in #Stocks by Mission 0 comments

ChinaNet Online Holdings Inc., a leading B2B integrated Internet service provider for small to medium-sized enterprises (SMEs) in the People’s Republic of China, today laid out the plans for its expansion to attract Taiwan-based global franchises. The company also announced its annual participation in the 2011 Taipei International Chain and Franchise Autumn Exhibition held last weekend at the World Trade Exhibition Centre in Taipei, Taiwan.As ChinaNet strategizes and executes an effective means of international expansion and marketing, the company said it has been accepted as a member of the International Franchise Association (IFA), the world’s oldest and largest organization representing franchising.It’s an achievement that company chairman and CEO Handong Cheng says will enhance the company’s position in the global marketplace, and open doors for additional opportunities and recognition.“In 2010, ChinaNet was the first in our industry to establish a presence in Taiwan. We are pleased that efforts to build Continued...

Scorpex, Inc. (SRPX) Achieves 2011 Business Objectives Far Ahead of Schedule

Posted on 8/29/2011 @ 2:44 PM in #Stocks by Mission 0 comments

Today before the opening bell, Scorpex, Inc., an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region, provided current and prospective investors with an update regarding the previously announced initiatives for the current calendar year.To date, the Company has:1. Signed a $30 million equipment contract with International Environmental Technologies, Inc. (“IET”) for the acquisition and installation of waste gasification/thermal oxidation equipment as well as a license to use the technology.2. Secured financial commitments for up to $35 million of non-dilutive financing; contingent on the issuance of necessary permits. The Company continues to evaluate its options as additional low-cost financing offers are anticipated.3. Received its Use of Soil Permit from the Mexican federal government following the submission of numerous studies and compliance with every request. The permit is necessary for the issuance of certain state and local operational Continued...

Pluristem Therapeutics, Inc.’s (PSTI) PLX Cells Receive Orphan Drug Status

Posted on 8/29/2011 @ 2:43 PM in #Stocks by Mission 0 comments

Friday, Pluristem Therapeutics, Inc. announced that their PLX cells had been designated with orphan status by the FDA for the treatment of thromboangiitis obliterans, or Buerger’s disease. The designation took place several days earlier, on August 22.Pluristem is a developer of standardized cell therapy products for the treatment of life threatening diseases. Their PLX platform is used as a drug delivery system that releases proteins that take effect on inflammatory diseases in patients. Cells used in the process are grown in a 3D micro-environment that requires no tissue matching. Testing has shown that PLX cells may be effective against nerve pain, muscle damage, inflammatory bowel disease, muscular dystrophy and stroke.Buerger’s Disease is a rare condition that affects the blood vessels of a patient’s extremities. The resultant clotting and inflammation causes a reduced blood flow to the affected area, and can lead to pain, ulcers and necrosis, requiring amputation. The disease currently affects nearly Continued...

AuRico Gold Inc. (AUQ) Moves to Acquire Northgate Minerals, Resulting Company a Serious Contender in the Intermediate Range

Posted on 8/29/2011 @ 2:42 PM in #Stocks by Mission 0 comments

AuRico Gold, the Canadian gold and silver developer with three rich, wholly-owned operating properties in Mexico, in conjunction with Northgate Minerals Corp., have announced entry into a definitive acquisition agreement whereby a new, leading intermediate gold production company will emerge.President and CEO of AUQ, Rene Marion, described the resulting fusion of AuRico and Northgate as constituting a formidable force in the sector and will immediately position the “combined company as a pre-eminent intermediate gold producer with peer leading growth.” Marion was quite happy to point out the striking similarities between the two companies in terms of assets, projects and people, asserting that the logistical match-up would go swimmingly.President and CEO of Northgate, Richard Hall, concurred wholeheartedly with his colleague at AUQ, highlighting the quality of the deal as a huge opportunity, both for Northgate shareholders and the market. Hall underscored the hard work Northgate personnel have put in, Continued...

UQM Technologies (UQM) partners with ReGen Nautic to delve into Marine Hybrid Electric Market

Posted on 8/26/2011 @ 6:04 PM in #Stocks by Mission 0 comments

UQM Technologies Inc., developer and manufacturer of products for the alternative-energy technologies sector, today announced its strategy to enter into the marine hybrid electric market through a partnership with ReGen Nautic USA Inc., in which the companies will develop ultiple hybrid electric marine propulsion systems.ReGen Nautic is a private company in cahoots with several marine original equipment manufacturers to provide these propulsion systems as energy-saving powertrain options applicable to yachts, trawlers and larger sailing boats.“Our collaboration with ReGen Nautic showcases the additional growth opportunities when electric propulsion technology is introduced into industries beyond the automotive sector,” Eric Ridenour, UQM Technologies president and CEO stated in the press release. “We believe that combining the application knowledge of ReGen Nautic and the electric motor and controller expertise of our company, we can create systems that greatly improve efficiency, increase performance and Continued...

VistaGen Therapeutics, Inc. (VSTA) is “One to Watch”

Posted on 8/26/2011 @ 5:19 PM in #Stocks by Mission 0 comments

VistaGen Therapeutics, Inc. is a biotechnology company applying stem cell technol¬ogy for drug rescue and cell therapy. Drug rescue combines human stem cell technology with modern medicinal chemistry to generate new chemical variants (“drug rescue variants”) of promising drug candidates that have been discontinued during preclinical development (“put on the shelf”) due to heart or liver safety concerns. The Company also focuses on cell therapy, or regenerative medicine, which includes repairing, replacing or restoring damaged tissues or organs.VistaGen’s versatile stem cell technology platform, Human Clinical Trials in a Test Tube™, has been developed to provide clinically relevant indications, or predictions, of potential toxicity of new drug candidates before they are ever tested on humans. VistaGen’s human pluripotent stem cell-based bioassays more closely approximate human biology than conventional animal studies and nonclinical in vitro techniques and technologies currently used in drug development.Using Continued...

Penson Worldwide, Inc. (PNSN) Sued In Class Action over Alleged Bogus Financial Statements

Posted on 8/26/2011 @ 1:54 PM in #Stocks by Mission 0 comments

Stock clearing agent Penson Worldwide, Inc. (Nasdaq: PNSN) was sued over a basket of legal issues, including making false and misleading statements to inflate its stock price. The class action suit was brought by national law firm Levi & Korsinsky.According to the complaint, filed this week in United States District Court for the Northern District of Texas Dallas Division on behalf of purchasers of PNSN stock, Penson “issued materially false and misleading statements… and concealed from investors” the fact that much of Penson’s claimed receivables were poorly collateralized, or collateralized by illiquid customer assets.A large part of the referenced receivables apparently concerned revenue and interest the company was due on margin loans to customers, the customers in turn offering as collateral certain securities which the law firm called “illiquid… and therefore unlikely to be collected.”Specifically, the suit alleges that at a point in 2010, Penson had about $96-97 million in receivables, termed Continued...

Longwei Petroleum Investment Holding Ltd. (LPH) Updates Fiscal 2011 and 2012 Operations

Posted on 8/26/2011 @ 1:54 PM in #Stocks by Mission 0 comments

Longwei Petroleum Investment Holding Ltd. issued an operational update on its current business activities along with new guidance on sales and earnings over the next two years.Longwei Petroleum Investment Holding now expects sales in fiscal 2011 to be approximately $480 million, down 4% from the previous estimate. Net income is expected to be $65 million in fiscal 2011, adjusted for the company’s warrant derivative liability expense. The fiscal year ends on 6/30/2011.Longwei Petroleum Investment Holding has made a partial payment of $85.1 million towards the purchase of a fuel storage facility in Shanxi Province, China. The facility has a 100,000 metric ton capacity and is being purchased from Huajie Petroleum Co., Ltd. The assets being purchased also include a railway line, an office building and land use rights.Longwei Petroleum Investment Holding said that the remaining payment of $108.3 million to complete the purchase will be funded without raising equity. The company expects the deal to close during the Continued...

DryShips, Inc. (DRYS) Grabs Controlling Stake in OceanFreight (OCNF)

Posted on 8/26/2011 @ 1:53 PM in #Stocks by Mission 0 comments

In a joint announcement, DryShips, Inc. and OceanFreight Inc. said that DryShips has acquired 3,000,856 shares of OceanFreight Inc., giving DryShips controlling interest in OceanFreight.DryShips came to this position via a complicated mix of cash and share swaps. The shares were acquired from entities operated by OceanFreight CEO Anthony Kandylidis, pursuant to a July 26 purchase agreement. DryShips paid $11.25 cash for each OceanFreight share, plus 0.52326 shares from its holdings of Ocean Rig UDW Inc., valued at par of $0.01 per share. In total, the deal cost DryShips $33,759,671.08 in cash and 1,570,226 shares of Ocean Rig stock. DryShips’ Ocean Rig holdings accordingly dropped from about 78% to around 77% of the company.DryShips is expected to vote its OceanFreight shares in favor of the merger of OceanFreight with a subsidiary of DryShips, as part of the July 26 deal. The companies expect the merger to close in Q4 2011.DryShips operates a large network of drybulk carriers and tankers worldwide. As Continued...

Cricket Communications, Inc. (NASDAQ: LEAP) Prepares to Service Customers during Expected Storm

Posted on 8/26/2011 @ 1:52 PM in #Stocks by Mission 0 comments

Cricket Communications, Inc. is a company on the move. Located in San Diego, California, Cricket has made a name for themselves as a pioneer of simple and affordable unlimited wireless service with no long-term commitments or credit checks and has quickly become a top subsidiary of Leap Wireless International, Inc. Today, Cricket earned a great deal of respect on Wall Street and beyond with the announcement the company has taken steps to maintain service to customers during Hurricane Irene.In order to service their customer base, Cricket has sent teams from South Carolina northward to New Jersey to prepare for power outages, flooding and other likely impacts from this storm.Cricket’s engineering, operational and safety and security teams are actively monitoring Hurricane Irene’s projected path and activating emergency plans. Generators have been strategically staged outside of areas likely to be affected by the storm to offset the loss of power to cell sites or other company facilities.Cricket has also Continued...

KIT digital Inc., (KITD) Joins Imcube Labs and Celvision Technologies Ltd. To Manage 3D Video Delivery over IP

Posted on 8/26/2011 @ 1:51 PM in #Stocks by Mission 0 comments

KIT digital Inc. (KITD), a company that, along with its subsidiaries, provides cloud-based video management solutions for multi-screen delivery worldwide, has announced that it has joined Celvision Technologies Ltd., a Chinese titan in 2D and 3D conversion services, and imcube labs, a worldwide leader in 2D and 3D conversion software technology, to co-develop an end-to-end solution that brings together content services and platform technology to allow any media company, network operator, device manufacturer, or enterprise to produce, manage and deliver 3D video over Internet Protocol (IP) over many screens.The combined offering will help leverage Celvision’s and imcube’s industry-leading content services expertise and software to allow any content to be converted into 3D. Once the content is converted to 3D,it will be taken into KIT digitals’ video asset management platform, where clients will be able to manage and deliver the 3D video to connected televisions and other screens with 3D capabilities. This Continued...

BioTime Inc. (BTX) Subsidiary Receives $10 Million in Equity Financing

Posted on 8/24/2011 @ 1:36 PM in #Stocks by Mission 0 comments

BioTime Inc. is a biotechnology company that, through various subsidiaries, develops and markets products in the field of regenerative medicine and blood plasma volume expanders.The company announced today that one of its majority-owned subsidiaries, OncoCyte Corporation, has received a new round of equity financing to fund the expansion of its development of novel proprietary diagnostics and therapeutics for cancer in humans. The financing includes $4 million in cash ($3 million from an outside investor) combined with $6 million worth of BioTime common shares.OncoCyte’s products for the diagnosis and treatment of cancer are based on embryonic stem cell-derived technology. Its molecular diagnostics division is developing products that may provide for earlier detection and more effective treatment of various cancers. Utilizing its proprietary algorithms, OncoCyte has currently discovered and filed patent applications on over 100 novel cancer-associated genes. The company expects to use its new financing to Continued...

Sky Power Solutions Corp. (SPOW) Aims for Best Mix of Solar Technologies

Posted on 8/24/2011 @ 1:35 PM in #Stocks by Mission 0 comments

The use of solar panels for generating electricity, though still a small part of the total electricity generation industry, is growing so quickly that one would think the overall economy was booming. Greater efficiencies and falling prices are at last making solar power a realistic alternative for homes and businesses, and demand for solar has never been greater. The competition is now on to determine the most effective solar technologies, giving the consumer the biggest bang for their solar buck. The Sky Power Solutions approach is to combine the best of multiple solar related technologies, creating the most efficient and cost effective solar power solution for residential and small business size applications.First of all, Sky Power uses a specially designed concentrating solar collector, having a solar concentration ratio that is much higher than that of a solar trough. In addition, due to the design’s unmatched orientation flexibility, it can be computer controlled to always point directly at the sun, Continued...

VLOV Inc. (VLOV) Posts Solid Q2, Six-month Financials

Posted on 8/23/2011 @ 5:26 PM in #Stocks by Mission 0 comments

VLOV Inc., a designer and marketer of VLOV-brand fashion forward apparel for men in the People’s Republic of China, today announced financial results for the second quarter and six months ended June 30, 2011.Net sales for the second quarter of 2011 were $20,588, a 14.7 percent increase from $17,946 for the same period in 2010. Net sales for the six months ended June 30, 2011, were $41,761, a 15.9 percent increase from $36,013 for the same period of 2010.Gross margin as a percentage of total net sales increased to 44.9 percent and 44.4 percent for the three and six months ended June 30, 2011, respectively, compared to 38.1 percent and 38.2 percent in the same periods in 2010, respectively.VLOV reported a 15.8 percent decrease in net income to $3, 762 for the second quarter of 2011 compared to net income of $4,467 for the comparable quarter of 2010. For the six-month period of 2011, net income increased by 48.5 percent to $8,233 compared to $5,544 for the six months ended June 30, 2010.As of June 30, 2011, VLOV Continued...

Nevsun Resources Ltd. (NSU) Secures $235M Bisha Purchase Arrangement, Strengthening Position in African Gold and Silver Production

Posted on 8/23/2011 @ 5:25 PM in #Stocks by Mission 0 comments

Nevsun Resources, the rapidly growing mineral producer currently focused on aggressively expanding its resource base in and around its massive Bisha Mine Project in Eritrea, East Africa, reported finalization of arrangements with the State over purchase of 30% of the mine by Enamco (the Eritrean National Mining Corporation).President of NSU, Cliff Davis, commented on how excellent a partner Enamco has been in Bisha thus far, contributing significant financial and logistical support, ultimately culminating in this latest deal which has an agreed-upon price tag of $253M. The payment is slated to be settled via after tax cash flow from the Bisha mine, which is projected to produce some 1.14M oz Au, 11.9M oz Ag, 821M pounds of copper and in excess of a billion pounds of zinc.A particularly good deal for Eritrea, as Enamco’s ownership interest will cover the cost without additional government funds, with the balance expected to be settled within the first two years of operation when the mine’s profile will be Continued...

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