Posted on 12/30/2010 @ 5:14 PM in #Stocks by QualityStocks 0 comments

Wallace, Idaho-based Superior Silver Mines, Inc. announced today that it has completed a reverse merger transaction with Clean Wind Energy, Inc. Entering into the closing, Superior Silver Mines was a public “shell” company with nominal assets whose purpose was to seek, investigate and, if such investigation warranted, acquire an interest in business opportunities presented to it by other persons or firms. Clean Wind Energy, which has business strategies to design, develop and construct large downdraft towers to generate electricity and clean water economically, will now become a wholly-owned subsidiary of Superior Silver Mines and its business operations will become the principal business operations of Superior Silver Mines from this point forward. Clean Wind Energy, Inc. has filed several patents which further perfect and enhance their downdraft tower technologies. In order to bring the technology to market, Clean Wind has assembled a world-class team of experienced business professionals, engineers and Continued...

China Energy Corp. (CHGY.OB) Video Chart for Thursday, December 30, 2010

Posted on 12/30/2010 @ 2:42 PM in #Stocks by QualityStocks 0 comments

CHGY has retreated from highs that were achieved in November at $2.20, and is now holding a new support level at $1.50. Technical traders will have this stock on radar for buying pressure to hold the support level while watching for any movement north to test resistance levels. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php About QualityStocks: QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net The Quality Stocks Daily Blog http://blog.qualitystocks.net The Quality Stocks Daily Videos http://videocharts.qualitystocks.net The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net Please see disclaimer on QualityStocks website: Continued...

Zentric, Inc. (ZNTR.OB) Moves Forward with Revolutionary Battery

Posted on 12/30/2010 @ 2:42 PM in #Stocks by QualityStocks 0 comments

Zentric Inc. is committed to using advanced technology to help save the environment. Their primary goal is to provide a superior battery for electrical and hybrid vehicles, through the development and acquisition of proprietary technology. To this end the company has brought together a team of renowned experts from industry and the scientific research community; people preeminent in the automotive and battery technology fields. The company is quickly becoming a leader in advanced battery technology development, manufacturing, and fuel cell storage technologies, and has already made a major advance in battery technology. By using a proprietary combination of metal hydride and lead acid materials, they are developing a battery with much higher voltages than traditional lead acid batteries, while costing far less than lithium-ion batteries. The new approach is especially timely considering the accelerating interest in electric vehicles. When it comes to electricity, the major challenge of car makers has Continued...

Delta Petroleum Corp. (DPTR) Closes On New Credit Facility

Posted on 12/30/2010 @ 2:42 PM in #Stocks by QualityStocks 0 comments

Delta Petroleum Corp. reported that it has closed on a new credit facility to help finance oil and gas exploration and development operations in 2011. The company said that Macquarie Bank Limited will provide a senior secured credit facility in the amount of $100 million. Delta Petroleum will have immediate access to $50 million of the senior secured credit facility. The initial $50 million will be composed of two tranches. Tranche A consists of a $30 million revolving line of credit at an interest rate of Libor plus 600 basis points, or the prime rate plus 600 basis points. Tranche B consists of a $20 million advancing term loan at an interest rate of Libor plus 900 basis points, or the prime rate plus 800 basis points. Delta Petroleum said that the new senior secured credit facility will mature on January 31, 2012, and the company is required to pay a closing fee of 2% of the principal. Delta Petroleum is an exploration and production company focused on the Piceance Basin in Colorado. The Continued...

China Medicine Corp. (CHME.OB) Success Prompts New $2M Stock Repurchase Program to Follow Ongoing Program, Nears Approval of Aflatoxin Recombinant

Posted on 12/30/2010 @ 2:41 PM in #Stocks by QualityStocks 0 comments

China Medicine Corp., www.cmc621.com – the remarkable China-based research/developer, manufacturer and marketer of a variety of Western and traditional Chinese medicines (TCMs), herbal/dietary supplements and medical devices, reported approval by the Board of Directors yesterday of a new $2M stock repurchase program. Slated to commence upon completion of the current repurchase program ($1.5M or 710k shares already repurchased by Dec. 22 of this year), which will end either via conclusion or the arrival of July 11, 2011, the new program would: • Run over a 12-month interval, making strategic/timely purchases via open market or private transactions (in compliance with SEC Rules 10b-5, 10b5-1 and 10b-18) • Be funded via an escrow account created as part of the Jan.28, 2010, subscription agreement with OEP CHME Holdings, LLC, the Company’s principal shareholder (OEP CHME is an affiliate of JP Morgan’s private equity arm, One Equity Partners) Chairman and CEO of CHME, Senshan Yang, emphasized the Continued...

Transgenomic, Inc. (TBIO.OB) Announces Acquisition of Clinical Data, Inc.’s Diagnostic Business

Posted on 12/30/2010 @ 10:48 AM in #Stocks by QualityStocks 0 comments

Transgenomic, Inc. announced yesterday that they closed the acquisition of Clinical Data, Inc.’s diagnostic business with a sale price of $15.5 million. The Company also has closed on $6.0 million of financing from Third Security, LLC, a leading life sciences investment firm, to fund the cash portion of Transgenomic’s acquisition of Clinical Data’s diagnostic business. This strategic acquisition provides Transgenomic, Inc. with proprietary genetic commercial tests that have an established revenue base, proprietary biomarker assays, an additional CLIA-certified laboratory operation and established test reimbursement and coverage policies that offer access to testing for an estimated 280 million patients. Commenting on the acquisition of Clinical Data’s diagnostic business, Craig Tuttle, Chief Executive Officer of Transgenomic, Inc. said, “We are very excited about the acquisition, which strengthens our molecular diagnostics position in the marketplace, expands our commercial operation with an Continued...

True 2 Beauty Inc. (TRTB.PK) Announces $1.3 Million Order From North American Distributor

Posted on 12/30/2010 @ 10:48 AM in #Stocks by QualityStocks 0 comments

True 2 Beauty Inc., a leading manufacturer and distributor of sexual potency pills and liquid products in the United States, announced today that it has received its first order from Kretek International, totaling $1.3mm. Recently becoming the exclusive distributor of Libigrow and Libigirl for the U.S. and Canada region, Kretek International is beginning the process of building inventory and maintaining ongoing shipments to Libigrow’s already established retail distribution network of over 6,000 convenience stores. “This order is just the beginning of our relationship; we are working diligently with Kretek’s management team to create a strong national marketing campaign, including attendance at high profile industry trade shows, celebrity endorsements, television ads, print advertising, online promotions, and even mobile marketing campaigns,” stated Alex Hbaiu, CEO. Mr. Hbaiu further states, “This order reflects current demand for our products, which is ongoing and substantial. As discussed in a previous Continued...

IceWEB, Inc. (IWEB.OB) Reports Year End Results for Fiscal 2010

Posted on 12/30/2010 @ 10:47 AM in #Stocks by QualityStocks 0 comments

IceWEB, Inc., a leading storage technology company and provider of computing hardware, announced yesterday its financial results for the year ended September 30, 2010. John R. Signorello, CEO of IceWEB, stated, “Fiscal year 2010 was a year of many achievements and some disappointments. Early in the year, the company elected to re-invent itself by manufacturing and marketing state-of–the-art, storage appliances for cloud computing and other rapidly growing markets. After consultation with a number of storage VARs (Value Added Resellers), we determined a channel partner distribution system was key to our future success.” Signorello added, “We were fortunate that a very experienced storage professional, Karl Chen, after successfully guiding LeftHand Networks from start-up to its ultimate sale to HP, was seeking a new challenge. Karl saw an opportunity with IceWEB to use his experience to establish a distribution network for the company. Already the company’s has over 50 plus channel partners selling IceWEB Continued...

Compugen Ltd. (CGEN) to Receive $5 Million for R&D Initiatives

Posted on 12/30/2010 @ 10:47 AM in #Stocks by QualityStocks 0 comments

Before the opening bell today, Compugen Ltd. announced that it has entered into a financing agreement with Baize Investments (Israel) Ltd., a private corporation investing, inter alia, in innovative medical technologies, for $5,000,000 in R&D funding. In exchange, Baize Investments has obtained a financial interest in five designated Compugen-discovered molecules and has been issued a warrant to purchase 500,000 Compugen shares at an exercise price of $6.00 per share, expiring mid-2013. Baize Investments’ financial interest in the five molecules consists of the right to receive up to 10% of certain future payments received by Compugen from third parties in the event of the successful licensing out for development and/or commercialization of the molecules. In addition, the investor has the right, until June 30, 2013, to waive his right to receive all such future payments in exchange for 833,334 Compugen ordinary shares. Martin Gerstel, Compugen’s Chairman, commented, “This arrangement is an excellent Continued...

QKL Stores Inc. (QKLS) Announces New Store Opening

Posted on 12/30/2010 @ 10:46 AM in #Stocks by QualityStocks 0 comments

QKL Stores Inc., a leading regional supermarket chain in Northeastern China, today announced the opening of a new hypermarket store. The company now has a total of 43 store locations for an aggregate total of 226,000 sq. meters of store space. The company’s 43rd store, located in Manzhouli City, Inner Mongolia, was opened today. Manzhouli is China’s biggest inner land trade port with Russia. Located in the center of the business district, serving over 100,000 Chinese and Russian customers, this hypermarket occupies approximately 9,000 sq. meters of gross space and is the largest modern grocery store in the city. Mr. Zhuangyi Wang, Chairman and CEO, said, “We are pleased to open our new store opening in Manzhouli, which is our third store opened in Inner Mongolia. We believe the unique and broad product section within our stores can appeal to a growing customer audience and we consequently remain focused on further broadening our store presence in the northeast China region.” About QualityStocks: Continued...

Wowjoint Holdings Ltd. (BWOW) Announces New Contracts Totaling $4 Million

Posted on 12/30/2010 @ 10:46 AM in #Stocks by QualityStocks 0 comments

Today, Wowjoint Holdings Ltd. announced it has secured a $1 million equipment sales contract with China Railway Fangshan Bridge Co., Ltd. With delivery anticipated to take place in March 2011, the equipment includes two customized 160-ton special carriers that will be used in a highway bridge construction project administered by the Erdos Project Department in Batuta-Junggar. Wowjoint also told investors of other service contracts signed this quarter totaling approximately $3 million. These include an $860,000 technical service contract with China Railway 14th Bureau Group Co., Ltd and China Railway 16th Bureau Group Co. Ltd and a $290,000 technical service contract with No. 1 Engineering Company, Ltd, a division of CCCC First Harbor Engineering Company Ltd. Furthermore, Wowjoint signed a 190 day, $1.77 million beam erection service contract with China State Construction Railway Co., Ltd. Wowjoint will be responsible for providing transportation and erection services, utilizing its special launching Continued...

California Gold Corp. (CLGL) Secures Financing to Fund Acquisition

Posted on 12/29/2010 @ 5:39 PM in #Stocks by QualityStocks 0 comments

California Gold Corp. issued a financial and operational update on the company’s activities, including recent financing activity and a potential acquisition target. California Gold Corp. reported that the company has received the proceeds of a private placement offering sold to a select group of accredited institutional investors. The company sold 58.48 million units at a price of $0.025 per unit in two separate tranches, yielding approximately $1.46 million in proceeds. California Gold Corp. said that the 36.48 million units consisted of one share of common stock and a warrant to purchase 0.5 shares of common stock at a price of $0.125 per unit. The other 22 million units consisted of one share of Series A convertible Preferred stock and a warrant to purchase 0.5 shares of common stock at a price of $0.125 per unit. The warrants are exercisable for up to eighteen months after the offering closes. California Gold Corp. said that part of the proceeds of the offering will be used to finance the Continued...

True 2 Beauty Inc. (TRTB.PK) Up 15.56% on All-Time Record Volume!

Posted on 12/29/2010 @ 5:39 PM in #Stocks by QualityStocks 0 comments

True 2 Beauty, Inc. closed today’s trading at $0.26, up 15.56%, on 1,555,998 traded shares, establishing a new all-time volume record! The stock’s 60-day average volume is 229,466 traded shares. On Monday, True to Beauty announced that the latest edition of In Touch Magazine features an article citing Britney Spears and boyfriend Jason Trawick as Libigow and Libigirl fans. A link to the article is available at the Libigrow website, www.libigrow.com About QualityStocks: QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net The Quality Stocks Daily Blog http://blog.qualitystocks.net The Quality Stocks Daily Videos http://videocharts.qualitystocks.net The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net Please see Continued...

Clean Power Concepts, Inc. (CPOW.OB) Shares Continue Rise on Chinese Market Agreement

Posted on 12/29/2010 @ 2:07 PM in #Stocks by QualityStocks 0 comments

For shareholders of Saskatchewan-based Clean Power Concepts, Inc., this month has indeed been a “December to Remember” as the price per share of CPOW has surged since it began trading on a regular basis a few weeks ago. After touching a low of 4 cents early in the month, volume has exploded and taken the price per share with it, touching 52 cents in trading so far today as the month and year are winding down to a close. The month has been chock full of news including record revenues from its operating subsidiary, General Bio Energy, which operates a fully integrated commercial oilseed crushing, bio-diesel refinery, and environmental lubricants manufacturing and bottling plant which is also capable of nutraceutical and food processing. Other highlights have included General Bio Energy acquiring the rights to significant Licensed Technology patents for use at its production facility, launching the “Spirit of Health” brand of natural consumer products, and General Bio Energy being named as one of Canada’s top Continued...

Sunvalley Solar, Inc. (SSOL.OB) Teams with TianWei SolarFilms in California

Posted on 12/29/2010 @ 2:07 PM in #Stocks by QualityStocks 0 comments

Sunvalley Solar, Inc. is a leading solar power technology and solar system integration firm. The company offers comprehensive solar technology, system design, installation, equipment and technical support for electrical contractors, builders, homeowners, businesses and government entities that assist them in lowering utility bills, reducing environmental impacts and increasing energy reliability and independence. The company announced yesterday an agreement with its partner Baoding TianWei SolarFilms, a solar thin film supplier in China, to promote thin film solar power systems in Palm Springs, Thermal City and other cities in the eastern Los Angeles area. Since 2010, Sunvalley Solar has worked to bring the power of solar electricity and energy efficiency to farm owners in the area with its Green Farm program. Sunvalley Solar has found that, in these agricultural locales, thin film modules have better performance in high temperature, desert environments than crystalline modules. The good irradiance Continued...

Attunity Ltd. (ATTUF.OB) Joins Forces with Microsoft (MSFT) in Multi-Million Dollar OEM Agreement

Posted on 12/29/2010 @ 2:06 PM in #Stocks by QualityStocks 0 comments

Located in Burlington, Massachusetts, Attunity has earned a stellar reputation as a leading provider of real-time data integration and event capture software. Today, Attunity made the announcement that they have signed a multi-million dollar OEM agreement with Microsoft. According to terms of the deal, Microsoft will provide Attunity’s change data capture (CDC) in Microsoft’s next version of SQL. This will support customer requirements with real time business intelligence as well as cloud computing. One of the leaders at Microsoft is Denise Draper who serves as the Product Unit Manager at the pioneering company. Commenting on what this agreement will mean to the customers of Microsoft and the industry as a whole, Draper stated, “By making innovative technologies such as Attunity’s CDC available in SQL Server, we are making it easier to use data efficiently, enabling customers to capitalize on the lower cost of ownership of the Microsoft platform and cloud computing.” Leading the way at Attunity is Continued...

GenVec, Inc. (GNVC) Announces Partnership with World-Leading Animal Health Company

Posted on 12/29/2010 @ 2:06 PM in #Stocks by QualityStocks 0 comments

Today, GenVec, Inc. announced that it will be working with Merial to develop and commercialize GenVec’s proprietary vaccine technology for use against foot-and-mouth disease (FMD). The leading FMD vaccine producer in the world, Merial has leading positions in all key markets. Under the agreement, Merial will be responsible for all costs related to the development and commercialization of FMD vaccines developed through the collaboration. GenVec’s novel FMD vaccine approach utilizes the company’s proprietary adenovector technology. The vaccine is manufactured on a proprietary GenVec cell line that is capable of producing antigens without the use of the highly contagious FMD virus. Because the vaccine is produced without using live or killed virus materials, it can be produced cost effectively across the globe. “We look forward to working with GenVec to explore this promising technology for FMD vaccines,” stated Teshome Mebatsion, Senior Director Vector Vaccine Research, Merial. Robert Nordgren, Global Continued...

Radient Pharmaceuticals Corp. (RPC) Inks 5-Year Agreement with Hong Kong Based Distributor

Posted on 12/29/2010 @ 2:05 PM in #Stocks by QualityStocks 0 comments

Through its subsidiary AMDL Diagnostics Inc., Radient Pharmaceuticals Corp. today announced it has entered into a full-service five-year exclusive distribution agreement with Hong Kong based Bio-Asia Diagnostics Co. Ltd. (Bio-Asia). This distribution agreement will enable Radient Pharmaceuticals to bring its Onko-Sure™ IVD cancer test into the Hong Kong healthcare market. According to the terms of the agreement, Bio-Asia will purchase at least 800 Onko-Sure® test kits. Bio-Asia will be responsible for providing marketing, sales, and distribution services to get Onko-Sure in major diagnostic centers, clinical reference labs, and hospitals in Hong Kong. Additionally, Bio-Asia will reach out to hospitals and cancer research centers in the PRC to provide Onko-Sure® test kits for RUO purposes. Bio-Asia has a network of over 300 major hospitals in Hong Kong and the PRC. RPC’s Chairman and CEO Douglas MacLellan stated, “This announcement represents a strategic advancement in the global commercialization of Continued...

Cogo Group, Inc. (COGO) to Complete Acquisition Next Quarter

Posted on 12/29/2010 @ 2:05 PM in #Stocks by QualityStocks 0 comments

Cogo Group, Inc., a leading provider of customized module and subsystem design solutions in China, announced that it intends to acquire certain businesses of MDC Tech, Inc. The businesses will be merged into Cogo’s existing Industrials business, which is currently the company’s fastest growing business segment. A technology solutions and engineering services company with most of its operations in China, MDC Tech focuses on two of the fastest growing industrial markets in China: the Smart Grid roll-out and Medical Equipment. Anticipated to close in the first quarter of 2011, the deal will likely be an all-cash transaction of $22 million that will be paid over several quarters. According to the press release, it is currently expected that MDC will contribute revenue of approximately $15 to $20 million and $2 to $2.5 million in operating income in the first four quarters after closing. Because MDC has large existing contracts in place and the integration will require limited upfront investment, it is Continued...

Solar Power, Inc. (SOPW.OB) Contracted to Build/Service Major New US Solar Plant, a 5 Megawatt Rooftop Installation in New Jersey

Posted on 12/29/2010 @ 2:05 PM in #Stocks by QualityStocks 0 comments

Solar Power, Inc., www.solarpowerinc.net – the aptly named developer of world-class solar modules, balance-of-system products and lifecycle-implemented total solar solutions, announced entry into a construction contract today to create a 5 MW (megawatt) rooftop system for the KTR Capital Partners-owned, White Rose, Inc. distribution warehouse located in Carteret, New Jersey. NuGen Capital Management, LLC and KDC Solar LLC, formed a joint venture which will own and operate the system, and selected SOPW as the EPC (engineering, procurement and construction) contractor, also tagging the Company for servicing/monitoring of the system. Because SOPW solar solutions come from a vertically integrated production pipeline and the Company is widely-known for being able to manage a solution throughout its lifecycle, from materials, to manufacturing and post-installation care, the selection was a natural one. Chairman and CEO of SOPW, Steve Kircher, noted utilization of the Company’s own solar modules and Continued...

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