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7-9-10 The Small Cap Market Update from Express IR

July 9th, 2010 | Author: jessewpool

This morning I paid some bills, made a vacation reservation, and read headlines from four newspapers in an hour from the comfort of my kitchen table. Isn’t the internet great? Don’t ask that question to any of the major American newspapers. Don’t look now but there are a slew of business models that won’t survive unless they radically change the way they do business, if they survive at all.

The only profitable newspaper in America is the Wall Street Journal. It isn’t only the accessibility of news online that are killing newspapers, but dramatic reductions of classified advertising revenue. When’s the last time you scoured the classifieds’ to look for concert tickets? Craigslist and similar services are eliminating a massive revenue source and it’s never coming back.

Expedia and Priceline are making the bricks and mortar travel agency as common as a straight talking politician. Netflix and video on demand services are pushing Blockbuster closer and closer to extinction.  The list goes on and on.

Apparently there are some companies that are too big to fail. But in the interest of a consumer driven market and for the good of competition, I hope that doesn’t become the case with a real process improvement. The internet provides the consumer with services on demand, just in time inventory, lean manufacturing, and maximum efficiency.

I haven’t read a physical newspaper in a long time but I haven’t missed a beat. Between the online news, my smart phone, and all the 24 hour television news services, who needs a hardcopy paper anyway? In the late 1800’s and early 1900’s one of the most profitable companies was the American Buggy Whip Company. It’s time to turn the page, so to speak.

Today’s Markets

Stocks are slightly up in afternoon trading on weak volume as the markets are attempting to extend this week’s winning streak ahead of the second-quarter reporting season. In a slow pre-weekend session, investors turned their focus to the second-quarter reporting season, which kicks off Monday.

U.S. financial markets are up across the board this week thanks in part to investors’ hopes that the market’s recent drop to 2010 lows may have exaggerated expected effects on corporate earnings from the slumping euro and slower global growth.

The Nasdaq Composite rose 0.3% to 2182, bolstered by a 1.6% jump in Google. The company said the Chinese government renewed a license it needed to continue using its Chinese Web address, marking a compromise between the company and Chinese regulators since Google decided to stop cooperating with censorship requirements.

Today’s Top Performers on the OTCBB

Company Symbol Last Chg %Chg Open High Low Vol
Ensign Services In ESVC 0.15 0.108 257.14% 0.07 0.15 0.07 46 k
A & J Venture Capi AJVE 0.0096 0.0064 200.00% 0.0096 0.0096 0.0096 100
Iconic Brands Inc. ICNB 0.06 0.038 172.73% 0.03 0.066 0.03 249.23 k
Royal Invest Inter RIIC 0.06 0.03 100.00% 0.06 0.06 0.06 540
Consolidation Serv CNSV 0.40 0.199 99.00% 0.40 0.40 0.40 500
Liberty Star Urani LBSRE 0.02 0.01 100.00% 0.0102 0.02 0.01 23.94 m
Federal Home Loan FMCKK 0.70 0.03 75.00% 0.53 0.82 0.53 1.5 k
Cannabis Medical S CMSI 0.0294 0.0126 75.00% 0.018 0.0294 0.018 398.1 k
AISYSTEMS Inc. ASYI 0.35 0.15 75.00% 0.20 0.35 0.20 1.2 k
FEC Resources Inc. FECOF 0.01 0.0038 61.26% 0.01 0.01 0.01 5 k

Friday’s Newsmakers:

Owlstone Receives Award for Innovative and Unique IMS Microchip

MONTEBELLO, NY — (Marketwire) — 07/09/10 — Advance Nanotech, Inc. (OTCBB: AVNA) is pleased to learn that Owlstone Nanotech, Inc. (“Owlstone”), in partnership with Pacific Northwest National Laboratory (“PNNL”), has been selected to receive an award from the R&D100 Magazine. The following email was sent to Owlstone shareholders today to provide further elaboration and perspective on this prestigious award.

The Awards, sponsored by R&D Magazine, are widely recognized as the ‘Oscars of Innovation,’ and identify and celebrate the most innovative technological breakthroughs of the year. Based on collaborative research involving Owlstone’s innovative microchip based Ion Mobility Spectrometer, the R&D100 Award acknowledges the potential of the technology to provide unprecedented analysis speed and sensitivity as a stand-alone sensor and to be seamlessly integrated into other analytical stages to enable more accurate measurements.

The technique, often referred to as Field Asymmetric waveform Ion Mobility Spectrometry (FAIMS), relies on the manipulation of electrically charged molecules, or ions, by an applied electric field. The separation of these ions as they traverse the electric field is critical to the chemical detection process.

In previous FAIMS systems, the distance ions travelled ranged from as little as 15 to 55 millimetres although this took too long for the desired performance. “We needed to shorten the racetrack,” said PNNL chemist Alex Shvartsburg. But a shorter racetrack requires more intense electric fields to separate the pack of ions. So the team developed a FAIMS microchip with 0.3 millimetre-long channels that were only 35 micrometers wide. The short, narrow channels allow ion separation 100 to 10,000 times faster than previous instruments.

Bret Bader, CEO of Owlstone Nanotech, commented, “It has been a great privilege for us to work with PNNL during this further exciting development of our FAIMS technology. We are thrilled to have been chosen for this Award and look forward to continuing our research activities with PNNL.”

About Advance Nanotech, Inc. and Owlstone Nanotech, Inc.

Advance Nanotech, Inc. owns a minority position in Owlstone Nanotech, Inc. (“Owlstone”). Owlstone is a pioneer in the commercialization of chemical detection products. The Owlstone detector is a revolutionary dime-sized sensor that can be programmed to detect a wide range of chemical agents that may be present in extremely small quantities. Using leading-edge micro- and nano-fabrication techniques, Owlstone has created a complete chemical detection sensor that is significantly smaller and can be produced more cost effectively than products using existing technology. There are numerous applications — across industries from security and defense to industrial process, air quality control and healthcare — that depend on the rapid, accurate detection and measurement of chemical compounds. Owlstone works with market leaders within these industries to integrate the detector into next generation chemical sensing products and solutions. Owlstone’s technology offers a unique combination of benefits, including small size, low manufacturing costs, minimal power consumption, reduced false-positives, and a customizable platform. For more information about Advance Nanotech, Inc. please visit www.advancenanotech.com. For more information about Owlstone, please visit www.owlstonenanotech.com. Follow Advance Nanotech on Twitter: www.twitter.com/AVNA_IR.

The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors, including general economic conditions, spending levels, market acceptance of product lines, the recent economic slowdown affecting technology companies, the future success of scientific studies, ability to successfully develop products, rapid technological change, changes in demand for future products, legislative, regulatory and competitive developments, the Company’s ability to secure additional working capital and/or generate sufficient cash flow to support its operations, and other factors could cause actual results to differ materially from the Company’s expectations. Advance Nanotech’s Annual Report on Form 10-K, recent and forthcoming Quarterly Reports on Form 10-Q, recent Current Reports and other SEC filings discuss some of the important risk factors that may affect Advance Nanotech’s business, results of operations and financial condition. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

For more information, contact:

Investor Relations
(212) 583-0080              
(212) 583-0080      
ir@advancenanotech.com

Source:
Marketwire (July 9, 2010 – 1:06 PM EDT)
News by QuoteMedia

Express IR (XIR) is an electronic publication, and is for informational purposes only. The stocks profiled by XIR are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. XIR is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.

Contact:

Ralph Sharp
rsharp@expressir.com

–

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7-8-10 The Small Cap Market Update from Express IR

July 8th, 2010 | Author: jessewpool

There has been a storm brewing for several weeks in the world of big business and high finance, and it appears to be coming to a head today. It was highlighted this morning on CNBC’s early broadcast. Mere rumors related to the story caused one stock to move up more than 6%, twice as much as yesterdays’ rally in the S&P 500. One morning talk show devoted three hours to discussing issues around the topic. Was it, today’s Jobless Claims report? The 10 year Treasury note trading at or below a 3% yield? The Euro bank stress test? Nope. The world is standing still waiting to find out where LeBron James will play basketball next year.

While the sports and mainstream media have covered the story to ad nauseam the business implications are pretty significant and fun to consider from a systems theory perspective. As mentioned previously, just yesterday shares of Madison Square Garden (MSG:Nasdaq), owners of the New York Knicks, rose 6.41% or $1.30. The speculation began when it was announced that James’ Thursday prime time news conference would take place in Greenwich, Connecticut, just up the road from the city.  The front-runners for his services appear to be Miami, Chicago, New York, New Jersey, and his current team and hometown, Cleveland.

Make no mistake, if he chooses to jump ship and join a new team, the wheels of commerce will turn a little quicker from Beaverton, Oregon to the Far East. Like most superstar athletes, James has a lucrative deal with Nike (NKE:NYSE), which will issue a new ‘King James’ shoe regardless of where he plays next year. Look for the ‘South Beach Slam-A-Jamma’ high top if he chooses Miami or the ‘Second Coming’ Velcro style if he ends up in Chicago. Of course the ‘There’s no place like home’ old school Chuck Taylor’s are a possibility as well. Who knows where he’ll land, but the one thing you can count on is Nike capitalizing on the opportunity.

A new team also equals millions of jerseys designed, manufactured, and sold from giant retailers to kiosks in every mall across America. Hats, bumper stickers, trading cards, license plate frames, posters, and of course those life size Fathead wall displays.

If James stays in Cleveland it will be a win for loyalty and for a town that desperately needs hero’s, sports or otherwise. If he leaves it will mean new opportunities and jobs. Make no mistake about it, this is big business.

Today’s Markets

U.S. stocks are higher in early trading for the third straight day, on jobless claims and retail news. The Standard & Poor’s 500 index rose 4 points to 1,064, while the Nasdaq composite index rose 8 points to 2,167.

The Labor Department said initial claims for jobless benefits declined by 21,000 to 454,000 in the week ended July 3. Economists had expected claims would fall by 12,000. That last time claims dropped by so much was in mid-April. June chain-store sales were mixed but not weak enough to scare off investors, with half the stores that have reported beating Street estimates and the other half missing.

The European Central Bank announced it would hold interest rates steady. The Bank of England also left key rates unchanged at its monthly meeting. The euro, which was boosted Wednesday after the ECB released details about planned stress tests for 91 European banks, was recently trading at $1.2673, up from $1.2642 late Wednesday in New York.

Demand for Treasuries was mixed, with the two-year note flat and the 10-year note down to push yield up to 3.01%. Crude-oil futures rose to nearly $75 a barrel, while gold futures declined.

Today’s Top Performers on the OTCBB

Company Symbol Last Chg %Chg Open High Low Vol
GoldSpring Inc. GSPG 1.20 1.1931 17,291.30% 1.25 1.25 1.20 320
Vibe Records Inc. VBRE 0.08 0.03 60.00% 0.08 0.08 0.08 200
R.G. Global Lifest RGBL 0.054 0.0285 111.76% 0.039 0.054 0.037 306.84 k
Brightec Inc. BRTE 0.018 0.006 50.00% 0.0111 0.018 0.0111 20 k
Allied Security In ADSV 0.0003 0.0001 50.00% 0.0003 0.0003 0.0003 100 k
China Forestry inc. CHFY 0.01 0.003 42.86% 0.005 0.01 0.005 55 k
Pacific Sands Inc. PFSD 0.09 0.025 38.46% 0.09 0.09 0.09 15 k
IA Global Inc. IAGI 0.015 0.004 36.36% 0.015 0.015 0.015 926 k
Marine Exploration MEXP 0.0016 0.0004 33.33% 0.0016 0.0016 0.0016 220 k
China Digital Medi CDGT 0.20 0.05 33.33% 0.20 0.20 0.20 100

Thursday’s Newsmakers:

Tootie Pie Partners with Kraft Foods

Jul. 8, 2010 (Business Wire) — Tootie Pie Company, Inc. (OTCBB:TOOT) announced that it has entered into a partnership with Kraft Foods for the upcoming holiday season. The two companies will co-market Tootie Pie with Kraft’s Cool Whip.

“There is probably no more recognizable, high-quality food brand than Kraft Foods,” said Don Merrill, President & CEO. “We are proud and excited that Kraft recognizes the value of having its Cool Whip product featured alongside Tootie Pie.”

Terms of the deal were not disclosed as of this date; however, the deal was made possible through a mutual agreement in partnership with HEB Grocery Stores, according to Tootie Pie Company.

“Experience tells us that more in-store pie tastings result in significantly more Tootie Pie sales. Once customers taste Tootie Pie, they are hooked,” explained Merrill. “HEB wants to grow Tootie Pie sales dramatically and brought Kraft to the table in a three-way partnership that will drive consumers to the frozen food section during peak times of the year!”

About Kraft Foods

Kraft Foods Inc., together with its subsidiaries, manufactures and markets snacks, confectionery, and quick meal products worldwide, is the second largest food company with annual revenues of $48 billion. Millions of times a day, in more than 160 countries, consumers reach for their favorite Kraft Foods brands. Kraft brands are present in more than 99% of households. The company sells its products to supermarket chains, wholesalers, super centers, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores, and other retail food outlets.

About HEB Grocery

Based in San Antonio, Texas, HEB is one of the largest independent grocery chains in the United States. With hundreds of stores in more than 150 communities in Texas, HEB serves millions of customers in Texas and Mexico.

About Tootie Pie Co.

Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. The retail segment serves individual customers through sales in its Tootie Pie Gourmet Cafés, in-store sales, orders via telephone and internet on the Company’s website. The corporate segment serves businesses that purchase pies as a way to promote their company through client and employee appreciation programs. The wholesale segment is made up of national and regional broad line grocery and foodservice distributors who purchase pies and then resell them through their respective sales distribution channels. Tootie Pie Company is a public company traded on the NASDAQ OTC market under the symbol “TOOT.” For additional information or to receive correspondence from Tootie Pie Company, please visit www.tootiepieco.com.

Forward-Looking Statements

This press release may contain forward-looking statements. The words “believe,” “expect,” “should,” “intend,” “estimate,” and “projects,” variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company’s current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company’s filings, which are on file with the U.S. Securities and Exchange Commission (SEC).

Source: Business Wire (July 8, 2010 – 9:30 AM EDT)
News by QuoteMedia

Express IR (XIR) is an electronic publication, and is for informational purposes only. The stocks profiled by XIR are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. XIR is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.

Contact:

Ralph Sharp
rsharp@expressir.com

–

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7-7-10 The Small Cap Market Update from Express IR

July 7th, 2010 | Author: jessewpool

The old Chinese curse “May you live in interesting times” has rarely been more applicable than today. Just when you thought things couldn’t get more surreal, there is rumor of a second stimulus package circulating in Washington. Slow your roll Chicken Little.

The challenges facing our world and economy today isn’t uncharted territory. We survived World War II and the Great Depression where unemployment rates as measure by the more comprehensive U6 reached over 35% versus the 16% of today. We even survived drinking non-bottled water and playgrounds with lead-based paint.

While today’s challenges aren’t all that unique, they are compounded to the point that it will take very strong leadership from both the private and public sector to lead us to acceptable levels of economic, security, and environmental equilibrium. Thank God for the private sector.

What has always been true is the private sector has the ingenuity and entrepreneurial spirit to address many of these issues, and in the end we will all be better off for it. Government stimulus money appears to be spent fixing potholes and building more federal buildings to house all those new government employees. Can you imagine the impact the stimulus money would have if pumped into the private sector? The impact from job creation and funding for research and development would be a real economic deal changer.

And while this second mega stimulus package is being rumored, we are getting collection agencies from China calling asking where last month’s payment is. So instead of compounding our problems, let’s invest the rest of the TARP assets into the private sector. There has to be a few billion lying around somewhere.

Today’s Markets

Stocks are rallying in Wednesday trading with the Dow rising over 100 points.

The Dow Jones industrial average is up 135 points in early afternoon trading, while the Nasdaq composite gained 30 points, or 1.5%.

Stocks managed gains Tuesday, with the Dow breaking a seven-session losing streak, but gains were mixed as investors had little economic or earnings news. Wednesday brought similar morning gains as investors dug back in after a big selloff.

Stocks struggled last week on worries about the U.S. economy heading toward a double-dip recession and concerns about the European debt crisis. The major indexes lost roughly 5% last week and are down more than 15% from the rally highs of late April.

European financial markets were up in afternoon trading, with Britain’s FTSE 100 rising 0.8%, Germany’s DAX advancing 0.9% and France’s CAC 40 climbing 1.7%. Treasuries fell, raising the yield on the 10-year note to 2.96% from 2.93% late Tuesday. Debt prices and yields move in opposite directions.

Today’s Top Performers on the OTCBB

Company Symbol Last Chg %Chg Open High Low Vol
Gate to Wire Solut GWIRE 0.05 0.04 400.00% 0.05 0.05 0.05 500
Vibe Records Inc. VBRE 0.07 0.05 250.00% 0.02 0.02 0.02 362.88 k
Abakan Inc. ABKI 0.74 0.48 184.62% 0.51 0.51 0.51 12.54 k
PrismOne Group Inc. PMOZ 0.11 0.07 175.00% 0.11 0.11 0.11 999
Mirenco Inc. MREO 0.10 0.06 150.00% 0.09 0.09 0.09 15 k
Hasco Medical Inc. HASC 0.07 0.039 125.81% 0.08 0.07 0.07 45 k
Smoky Market Foods SMKY 0.025 0.013 108.33% 0.012 0.012 0.012 20 k
iVoice Inc. IVOI 0.0002 0.0001 100.00% 0.0002 0.0001 0.0001 31.68 m
Golden Century Res GDLM 1.10 0.55 100.00% 1.10 1.10 1.10 500
Carbonics Capital CICS 0.0002 0.0001 100.00% 0.0002 0.0001 0.0001 37.7 m

Wednesday’s Newsmakers:

American HomePatient Announces Self-Tender Offer at $0.67 Per Share

Jul. 7, 2010 (Business Wire) — American HomePatient, Inc. (OTCBB: AHOM) (“American HomePatient” or the “Company”), one of the nation’s largest home health care providers, announced today it will launch a self-tender offer to acquire all outstanding shares of its common stock, par value $0.01 per share (the “Shares”), net to the seller in cash, without interest and less applicable withholding taxes (the “Offer”). Highland Capital Management, L.P. and its affiliates (together referred to as “Highland”), which constitute the largest holder of the Company’s matured senior secured debt of approximately $216.2 million (“Senior Debt”) and its largest shareholder, has agreed to not tender Shares in the Offer. The purpose of the self-tender offer is to redeem as many Shares as possible from shareholders other than Highland in order to concentrate Highland’s percentage ownership in the Company as a first step in the Company becoming 100% owned by Highland pursuant to a restructuring plan previously announced by the Company.

The Offer is scheduled to begin on July 7, 2010 and is scheduled to expire at 5:00 PM, New York City time, on August 4, 2010, unless extended.

The Offer is conditioned upon, among other things: (i) that there shall have been validly tendered and not withdrawn prior to the expiration of the Offer a number of Shares that, when added to the number of Shares already owned by Highland, represents at least 90% of the Shares outstanding immediately prior to the expiration of the Offer; (ii) that the total amount payable by the Company to holders of Shares, upon acceptance for payment of Shares, shall not exceed $6,527,000 (plus any exercise price received by the Company for the exercise of options between April 27, 2010 and the expiration date of the Offer); and (iii) that simultaneously with the closing of the Offer, our Senior Debt shall be restructured into two four-year secured term loans on terms that we have previously negotiated with Highland and the other holders of our Senior Debt. Each of these conditions may, to the extent permitted by applicable law, be waived by us with the prior written consent of Highland. The Offer is not subject to any financing condition.

The complete terms and conditions of the Offer are set forth in the offer to purchase, letter of transmittal and other related materials to be filed by American HomePatient with the Securities and Exchange Commission (“SEC”) today. Copies of the offer to purchase, letter of transmittal and other related materials are available free of charge from D.F. King & Co., Inc., the Information Agent for the Offer, at (800) 659-5550, (800) 659-5550 (toll-free) or (212) 269-5550, (212) 269-5550 (collect). The Depositary for the Offer is Computershare.

American HomePatient, a Nevada corporation, is one of the nation’s largest home health care providers with operations in 33 states. Its product and service offerings include respiratory services, infusion therapy, parenteral and enteral nutrition, and medical equipment for patients in their home.

This press release is for informational purposes only and does not constitute an offer to purchase nor a solicitation of an offer to sell any securities of American HomePatient. The solicitation and offer to purchase shares of American HomePatient common stock is being made pursuant to a tender offer statement on Schedule TO and related exhibits, including the offer to purchase, letter of transmittal, and other related documents that will be filed today with the SEC by American HomePatient. These documents contain important information, including the terms and conditions of the Offer. Investors and security holders of American HomePatient common stock are urged to read each of these documents and any amendments to these documents carefully when they are available prior to making any decisions with respect to the Offer.

Certain statements made in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management’s current expectations and include known and unknown risks, uncertainties and other factors, many of which the Company is unable to predict or control, that may cause the Company’s actual results or performance to materially differ from any future results or performance expressed or implied by such forward-looking statements. These statements involve risks and uncertainties, including, without limitation, risks and uncertainties regarding the restructuring plan and its components (including the self-tender offer), the ability to complete the restructuring plan and the effect of not completing the restructuring plan, the status of the Company’s secured debt, current and future reimbursement rates, and reimbursement reductions and the Company’s ability to mitigate the impact of the reductions. These risks and uncertainties are in addition to risks, uncertainties, and other factors detailed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company cautions investors that any forward-looking statements made by the Company are not necessarily indicative of future performance. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services.

Source: Business Wire (July 7, 2010 – 12:01 PM EDT)                
News by QuoteMedia

Express IR (XIR) is an electronic publication, and is for informational purposes only. The stocks profiled by XIR are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. XIR is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.

Contact:

Ralph Sharp
rsharp@expressir.com

–

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7-6-10 The Small Cap Market Update from Express IR

July 6th, 2010 | Author: jessewpool

President Ronald Reagan once said the nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’ Well the business prevention team is at it again. Last week Nancy Pelosi said “unemployment benefits create more jobs than any other initiative”. Huh? The people that led us into this near abyss are the same one’s trying to lead us out. Why don’t I feel any better?

According to the Office of Advocacy of the Small Business Administration which measures such things, more than half of working Americans’ were employed by businesses with less than 500 employees. Small companies create more jobs than either large companies or the federal government. At least that’s what their data says.

The best ways to start and sustain an economic recovery is to create an environment which encourages start-ups and existing small businesses to thrive. Eliminate barriers to entry. Reduce taxation for the first 3-5 years, relax government regulation on business’ that create certain numbers of jobs, give small business’ preferential treatment when bidding on government contracts. But the best way to support small companies is to encourage public and private investment. Preferential capital gains and venture capital treatment for providing capital to small business’ is a start. Reducing, not increasing, regulation for accredited investors to participate in small company investment is another initiative that is worth investigating.

Unfortunately, our political leadership seems hell bent on the 2000 page Financial Reform bill and bone-headed notions like “unemployment benefits create more jobs than any other initiative”. We may have to go this next economic recovery without them.

The great money manager Peter Lynch of Fidelity Magellan Fund fame, once said when researching investment ideas he looked for companies with simple models and good products. He looked for companies that would succeed even if an idiot was running it.  Because one day, an idiot would be running it.

I guess that shows you how good a model our country is, because it seems like idiots are running it most of the time.

Today’s Markets

The trading week was greeted with a rally Tuesday morning as all major indexes are up in early trading as investors try to recover some of the big losses in recent weeks following a string of disappointing economic reports.

The Tuesday rally comes ahead of a report that is expected to show the service sector expanded last month, but not quite as fast as in May. Investors have been selling off stocks as economic reports paint a mixed picture of the economy. Reports are still indicating growth, but not nearly at the pace traders had expected.

Dow Jones industrial average was up 108 points, or 1.1%, shortly after the opening bell. The S&P 500 rose 12 points, or 1.2%, and the Nasdaq composite gained 34 points or, 1.6%.

Today’s Top Performers on the OTCBB

Company Symbol Last Chg %Chg Open High Low Vol
Brightec Inc. BRTE 0.005 0.003 150.00% 0.004 0.005 0.004 10 k
TBay Holdings Inc. TBYH 0.24 0.109 83.21% 0.24 0.24 0.24 1.2 k
Worlds.com Inc. Wo WDDD 0.045 0.02 80.00% 0.035 0.045 0.035 20 k
iTech Medical Inc. IMSU 0.40 0.15 60.00% 0.40 0.40 0.40 17.3 k
China Premium Life CPLY 0.08 0.03 60.00% 0.08 0.08 0.08 246
Wellstar Internati WLSI 0.0003 0.0001 50.00% 0.0003 0.0003 0.0003 250 k
Snowdon Resources SWDO 0.15 0.05 50.00% 0.15 0.15 0.15 100
Galaxy Gaming Inc. GLXZ 0.22 0.0687 45.41% 0.22 0.22 0.22 2.5 k
WorldVest Inc. WOVT 1.35 0.40 42.11% 1.35 1.35 1.35 4 k
Fero Industries In FROI 0.055 0.015 37.50% 0.055 0.055 0.055 3.57 k

Tuesday’s Newsmakers:

Sinobiopharma Announces Distribution Contracts for Flagship Product Totaling US$8.4 Million
Jul. 6, 2010 (GlobeNewswire)

Company’s Formulation of Cisatracurium Besylate is Now Used in More Than 1,000 Hospitals in China

NANTONG CITY, China, July 6, 2010 (GLOBE NEWSWIRE) — Sinobiopharma, Inc. (OTCBB:SNBP) (“Sinobiopharma” or the “Company”) is pleased to announce that in the first calendar quarter of 2010 it has signed 30 distribution contracts with distribution agents totaling US$8.4 million for 2010 for distribution of its flagship product KuTai, a patented formulation of Cisatracurium Besylate that is one of the top-selling pre-surgical skeletal muscle relaxants in China. KuTai distributors have coverage in more than 30 provinces throughout China and in most major cities.

As a pioneer injectable Cisatracurium Besylate manufactured in China, KuTai quickly became one of the leaders among skeletal muscle relaxants in the domestic market soon after it was introduced in 2006. KuTai is not only lower in cost than GlaxoSmithKline’s (GSK) Nimbex injection but is also the only Cisatracurium Besylate that can be stored at room temperature. The low cost and high convenience makes KuTai a more attractive choice for hospitals and doctors.

The success of KuTai underscores the soundness of Sinobiopharma’s expansion strategy, which includes expanding its drug pipeline and advancing the development of innovative drugs that will consolidate the Company’s leadership position in its chosen therapeutic areas.

“We believe that as a pioneer drug in China, KuTai enjoys the benefit of having a government sanctioned price premium as well as certain exclusive marketing rights to hospitals,” said Dr. Lequn Lee Huang, the Company’s CEO. “We expect that revenue and net profit will increase considerably in 2010, not only because of our marketing efforts, but also because healthcare reform is accelerating the growth of market demand for pharmaceuticals.”

About Sinobiopharma

Sinobiopharma, Inc. is a fully integrated and highly innovative specialty biopharmaceutical company engaged in the research and development, manufacture and marketing of biopharmaceutical products in China, one of the world’s fastest growing pharmaceutical markets. Known as Dong Ying (Jiangsu) Pharmaceutical Co., Ltd. in China, the Company’s current therapeutic focus is on anesthesia-assisted agents and cardiovascular drugs. For additional information, visit the Company’s website at: www.sinobp.com.

FORWARD LOOKING STATEMENTS

This news release may include “forward-looking statements” regarding Sinobiopharma, Inc., and its subsidiaries, business and project plans. Such forward looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where Sinobiopharma, Inc. expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Sinobiopharma, Inc. does not undertake any obligation to update any forward looking statement, except as required under applicable law.

CONTACT:  
Sinobiopharma, Inc.
Investor Relations
86-25-58061579
Source: Globe Newswire (July 6, 2010 – 8:20 AM EDT)                 
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Express IR (XIR) is an electronic publication, and is for informational purposes only. The stocks profiled by XIR are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. XIR is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.

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7-2-10 The Small Cap Market Update from Express IR

July 2nd, 2010 | Author: jessewpool

The lead story in the New York Times, The Washington Post, and the Dallas Morning News today is the Labor Department Employment report of a net loss of 125,000 jobs in the month. That was due primarily to the loss of 225,000 temporary census jobs that had swelled payrolls by 433,000 net jobs in May. Business hiring was a dismal 83,000. State and local governments cut 10,000 jobs in the month. Overall, that means a loss in jobs in the latest reports. So the national unemployment rate holds steady just south of 10%.  While U6, the nations broadest measure of employment reached a staggering 16%.

I bet if you asked the average American who’s really good at creating jobs not one in ten would say the federal government. In a normal scenario, the expansion of government through job creation creates a few unintended consequences, namely, more bureaucracy, less efficiency, higher taxes. While these are tough economic times, this latest attempt at federal job creation is embarrassing. The so-called shovel-ready projects were supposed to remind us of FDR’s Works Projects Administration, and the cornerstone of his three R’s: relief, recovery, and reform. Well they just don’t make politicians like they used to. Both parties version of the three R’s is better described as reckless, rattled, and ridiculous.

You know who’s good at creating jobs? Small companies on the cutting edge of technology, product creation, and process improvement. If the federal government had the foggiest notion on what they were doing, they would remove all barriers for small businesses. From relaxed regulations on research and development to reduction or even suspension of taxation, anything that gives small companies a competitive advantage is good for our long term economic growth. Don’t forget Dell Computers was started in a college students’ apartment in Austin, Texas and Apple was started by a couple of hippies’ in their parents’ garage in California. And today’s newsmaker below Tootie Pie which develops, produces, and markets high end dessert products to retailers and restaurants. They’ve creates 25 jobs and will add more this fall.

Give me one example of that kind of job creation by the federal government in the last 40 years. Time’s up. No, really. Time’s up.

Today’s Markets

Stocks are lower once again, capping a bad week, as disappointing jobs data fueled worries about a second half slowdown in the economy.

Ahead of the July 4th holiday weekend, investors added to the weeks’ losses. Stocks have been hit hard this week, ending the second quarter and starting the third on concerns about the sustainability of the global recovery.

Slipping for its seventh consecutive session, all major indexes are lower. The Dow Jones Industrial average is down -70.57 to 9661.96. The Nasdaq is down -14.22 to 2087.14.

The government’s monthly jobs data sent mixed messages on the labor market. The jobless rate edged down to 9.5% in June from 9.7% the previous month, better than the increase to 9.8% economists were expected. However, the decline in the unemployment rate appeared to be skewed because in June, the civilian labor force participation rate fell 0.3 percentage point to 64.7%.

Meanwhile, nonfarm payrolls fell by 125,000 last month, with only 83,000 private-sector jobs added. Economists were expecting payrolls to drop by a more modest 110,000 in June. Nevertheless, the drop in nonfarm payrolls was smaller than many investors had feared.

Today’s Top Performers on the OTCBB

Company Symbol Last Chg %Chg Open High Low Vol
U.S. Aerospace Inc. USAE 0.21 0.09 75.00% 0.0999 0.229 0.0999 549.37 k
C T I Group Inc CTIG 0.08 0.035 77.78% 0.08 0.08 0.08 400
Phoenix Energy Res PNXED 0.035 0.015 75.00% 0.035 0.035 0.035 4.17 k
BioSolutions Corp. BISU 0.11 0.04 57.14% 0.07 0.11 0.07 4.65 k
First Physicians C FPCG 0.35 0.12 52.17% 0.35 0.35 0.35 5 k
Wellstar Internati WLSI 0.0003 0.0001 50.00% 0.0002 0.0003 0.0002 751.35 k
NWT Uranium Corp. NWURF 0.1767 0.0567 47.25% 0.1741 0.1791 0.1741 9 k
TX Holdings Inc. TXHG 0.05 0.015 42.86% 0.05 0.05 0.05 360
Bella Viaggio Inc. BVIG 0.70 0.19 37.25% 0.45 0.75 0.45 26 k
Optimized Transpor OPTZ 0.05 0.013 35.14% 0.0401 0.05 0.0401 156.09 k

Friday’s Newsmakers:

Tootie Pie Company Reports Over a $1 Million Gross Profit

Jul. 2, 2010 (Business Wire) — Tootie Pie Company, Inc. (OTCBB:TOOT) announced a gross profit of $1,078,349 and annual revenues of $1,686,109, for fiscal year ending March, 2010, reflecting increases in both areas from the 2009 fiscal year.

“We’re pleased to report an improvement in cash flow of $667,369, resulting primarily from an 82% reduction in cash used for operating activities,” said Don L. Merrill, Jr. President & CEO. Merrill attributed the reduced cash flow loss of only $148,037 to “cost saving measures adopted by our management team to address the U.S. Economic downturn.”

“The Company has demonstrated the ability to significantly reduce operating expenses while still maintaining our sales levels, thereby bringing Tootie Pie Company very close to cash flow break even,” added Merrill.

In addition, the Company was able to acquire and roll out its first two Tootie Pie Gourmet Cafés during this same period. “I think its clear we accomplished a great deal during one of the most difficult financial environments in U.S. history,” said Merrill.

Net loss, which includes noncash items, depreciation and amortization, dropped $209,589 (30%) to $478,226 for the twelve months ending March 31, 2010, versus $687,815 for the twelve months ending March 31, 2009. Annual revenues also increased to $1,686,109 for 2010, versus $1,670,324 for the fiscal year ending in 2009. Gross margin improved slightly to 64% for the year ending March 31, 2010 compared to 63% for the year ending March 31, 2009.

“Sales have been up for eight consecutive months,” Merrill said. “With our sales trending up and our operations at near break even, 2010 is poised to be a great year for Tootie Pie Company,” added Merrill. “We have the Company positioned to take it to the next level in terms of sales growth and bottom line results.”

About Tootie Pie Co.

Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. The retail segment serves individual customers through sales in its Tootie Pie Gourmet Cafés, in-store sales, orders via telephone and internet on the Company’s website. The corporate segment serves businesses that purchase pies as a way to promote their company through client and employee appreciation programs. The wholesale segment is made up of national and regional broad line grocery and foodservice distributors who purchase pies and then resell them through their respective sales distribution channels. Tootie Pie Company is a public company traded on the NASDAQ OTC market under the symbol “TOOT.” For additional information or to receive correspondence from Tootie Pie Company, please visit www.tootiepieco.com.

Forward-Looking Statements

This press release may contain forward-looking statements. The words “believe,” “expect,” “should,” “intend,” “estimate,” and “projects,” variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company’s current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company’s filings, which are on file with the U.S. Securities and Exchange Commission (SEC).

Source: Business Wire (July 2, 2010 – 9:45 AM EDT)            
News by QuoteMedia

Express IR (XIR) is an electronic publication, and is for informational purposes only. The stocks profiled by XIR are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. XIR is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.

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7-1-10 The Small Cap Market Update from Express IR

July 1st, 2010 | Author: jessewpool

You know that friend of yours that was born with a horseshoe in his pocket and rabbits foot around his wrist? Everything he touches turns to gold. He always has the ability to turn the worst situation into a great opportunity. Well the federal government ain’t that guy. The latest example is the Financial Reform Bill.

Like all things government, this bill is as a behemoth. I would bet my family savings that not one of the ‘public servants’ in either house has read the 2,000 page bill. It creates a new consumer-protection bureau, within the Federal Reserve, with powers to write rules for, and if they deem necessary to outlaw certain, financial products. It gives the government the power to break up any failing financial firm. Can any of them answer this question: At what point is a firm failing? I didn’t think so.

Few American’s are sympathetic to large money-center banks, but this law is confiscatory, expected to cut profits between 5%-20%. Additionally, a last minute conference committee decision adds a $19 billion one-off tax on them to pay for the law. As my dear friend Austin Powers would say “Ouch baby, very ouch”. For the most part, they made their own bed and they have to sleep in it. But if I’m choosing sides between banks and the Belt Way Gang, well, I’m just saying. This bill will make it even more difficult for small companies to securing operating capital.

The Treasury is proud to point out that this is the most comprehensive new banking legislation since the Depression. Other than a few hiccups, the United States has enjoyed 70 years of economic expansion and incredible innovation. It has been a tremendous environment for smart entrepreneurs to start and grow small companies. In the end, the new consumer bureau just adds another government agency to the business prevention team. It doesn’t even address Fannie Mae and Freddie Mac, who were at the front of this financial crisis to begin with.

Massive government involvement rarely makes a challenging situation better. Some adjustments need to be made to protect consumers and investors, but not this. If a plane hits an air pocket, you don’t see both pilots and six flight attendants grabbing the controls all at once and yanking them all over the place. However, that is exactly how the federal government reacts to almost every challenge.

Today’s Markets

U.S. stocks rallied from earlier losses but couldn’t climb out of the red, as housing and jobs data disappointed investors. The Dow Jones Industrial Average closed down 41 points, or 0.4%, at 9733. The weak U.S. data only added to investor concerns about the slow global growth and how it might be impacted by debt worries in the Europe and China.

Following the S&P 500′s recent move below 1040, considered by many traders as a major support line, traders are now keeping a close eye on whether the measure can stay above the 1008 to 1010 range, which is considered the next big support area. If it breaks below that, investors will then look to the 1000 level.

Thursday’s declines followed reports showing that U.S. pending-home sales plunged 30% in May, the first month after the homebuyer tax credit expired, and that the Institute for Supply Management’s June manufacturing index dropped more than expected.

The euro gained sharply against the dollar on Spain’s government bond auction, which sparked confidence in the region’s banking system. The euro was trading at $1.2500 in recent trade, up from $1.2229 late Wednesday in New York.

Today’s Top Performers on the OTCBB

Company Symbol Last Chg %Chg Open High Low Vol
Hydron Technologie HTEC 0.02 0.0174 669.23% 0.02 0.02 0.02 400
Masterbeat Corp MSTO 1.01 0.76 304.00% 1.01 1.01 1.01 200
Zolon Corp ZLON 0.45 0.25 125.00% 0.45 0.45 0.45 5.6 k
Starfield Resource SRFDF 0.10 0.0543 118.82% 0.07 0.10 0.07 15 k
Timberjack Sportin TBJK 0.006 0.003 100.00% 0.0045 0.0065 0.0045 903.64 k
Signet Internation SIGN 0.50 0.25 100.00% 0.28 0.50 0.28 137.5 k
Encompass Group Af ECGA 0.0002 0.0001 100.00% 0.0002 0.0002 0.0002 500 k
U.S. Aerospace Inc. USAE 0.12 0.0599 99.67% 0.12 0.12 0.12 200
Eat at Joe’s Ltd. JOES 0.015 0.007 87.50% 0.015 0.015 0.015 2 k
Delta Mutual Inc. DLTZ 0.43 0.20 86.96% 0.43 0.43 0.43 200

Thursday’s Newsmakers:

eCrypt Technologies, Inc. (ECRY.OB) Secures $2 Million in Financing
Jul. 1, 2010 (Business Wire)

eCrypt Technologies, Inc. (OTCBB: ECRY) is pleased to announce it has secured USD$2 million pursuant to a financing agreement signed in April. To date, eCrypt Technologies, Inc. (the “Company”) has received $400,000.

The financing is in exchange for issuing restricted common stock. “We’re very pleased to have secured the financing as it allows the Company to ensure its 2010 operational goals can be initiated. We took the first step when we launched a national ad campaign with a 30-second commercial that aired on CNBC, and is available for viewing on YouTube and on the Company’s website,” commented Brad Lever, CEO of eCrypt. “It also allows us to continue our research and development to allow eCrypt to stay at the forefront of wireless security as the world increasingly turns to wireless apps.”

eCrypt’s signature software affords users complete security on their BlackBerry® smartphones by opening a secure “tunnel” for communication between two users, with unique keys that are not stored on any servers. BlackBerry smartphones are the flagship product of Research in Motion (NASDAQ: RIMM).

About eCrypt Technologies

eCrypt Technologies, Inc. is an information security firm with a focus on the wireless industry. Its flagship product “eCrypt” is a first-of-its-kind encryption software for wireless email on BlackBerry® smartphones, and is available under a perpetual license or on a pay-per-use basis. Using the strongest encryption algorithms available for the BlackBerry® smartphone OS, eCrypt software prevents unwanted access to email messages during transmission and storage on servers and PCs. Users may communicate freely with each other knowing that no one has access to the content of their emails.

eCrypt is a member of the BlackBerry® Alliance Program and has successfully obtained a Mass Market Status for its product from the U.S. Department of Commerce, Bureau of Industry and Security. This status allows eCrypt to export and re-export the software under section 742.15(B)(2) of the Export Administration Regulations, and is recognized by the Wassenaar Arrangement.

eCrypt is available for BlackBerry® Internet Service and BlackBerry® Enterprise Server customers.

For further information, go to: www.ecryptinc.com or www.yourprivacyisourbusiness.com.

Source: Business Wire (July 1, 2010 – 1:18 PM EDT)         
News by QuoteMedia

Express IR (XIR) is an electronic publication, and is for informational purposes only. The stocks profiled by XIR are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. XIR is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.

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6-30-10 The Small Cap Market Update from Express IR

June 30th, 2010 | Author: jessewpool

Well it looks like the federal government has entered the first week of its high school home economics course. Congressional Budget Office Chief Douglas Elmendorf, told president’s bipartisan fiscal commission that if you spend four times more money than you make, you go broke.

Under his best guesstimate Elmendorf briefed that the debt held by the public is on track to rise to 80% by 2035 from 62% at the end of this year. At that point, interest payments on that debt would jump to 4% of GDP, up from roughly 1% today. That’s the equivalent of a third of all federal revenue.

Based on current policies, debt held by the public would hit 185% of GDP in 2035. And interest payments on that debt would jump to nearly 9% of GDP.

The health care law that was supposed to dramatically decrease the federal budget “made a dent in the problem but did not significantly reduce the challenge,” Elmendorf said. “If all the health law measures are implemented, we end up with slightly lower federal health spending by the end of the 2020s.”

Elmendorf noted that spending on major mandatory health care programs such as Medicare is on track to double by 2035, up to 10% of GDP from 5% today. That increase is the equivalent of $700 billion this year in additional spending, Elmendorf said.

In a brilliant glimpse of the obvious, Elmendorf said the only way to bring the federal budget into better balance would be to sharply reduce U.S. spending, drastically increase taxes to rates never before seen in the United States or some less dramatic combination of the two. So we do have to pay for all these federal programs.

Today’s Markets

U.S. stocks are slightly higher, as mixed economic data left investors cautious in Wednesday’s afternoon session. Investors were encouraged by a better-than-expected report of Chicago-area manufacturing activity and reduced concerns over European banks, but private-sector jobs data disappointed.

The Dow Jones Industrial Average recently edged up 21 points, or 0.2%, to 9891.The Dow is on track to post its first quarterly percentage drop since the first quarter of 2009.

The industrials erased some of their Tuesday tumble after a survey of Chicago-area purchasing managers showed business activity in the U.S. expanded more than expected in June, albeit at a slower pace compared with the previous two months.

The Nasdaq Composite rose 0.4% to 2143. The Standard & Poor’s 500-stock index rose 0.4%, led by its industrial and energy sectors. In addition, Ford Motor jumped 5.1% after the auto maker said it will reduce its debt by more than $4 billion.

Concerns over European banks increased after demand for the European Central Bank’s offer of three-month funds fell short of expectations, easing fears that the region’s banks are dependent on an ECB lifeline to stay afloat.

The euro strengthened, recently trading at $1.2257, up from $1.2197 late Tuesday in New York. The U.S. Dollar Index, which measures the U.S. currency against a basket of six others, fell 0.1%. Other safety assets, including Treasuries and gold, also declined. The drop in Treasury prices pushed the yield on the 10-year note up to 2.98%.

Today’s Top Performers on the OTCBB

Company Symbol Last Chg %Chg Open High Low Vol
Paneltech Internat PNLT 0.55 0.449 444.55% 0.54 0.55 0.101 3.2 k
AuraSound Inc. New ARUZ 2.75 1.71 164.42% 2.75 2.75 2.75 700
Vertical Health So VHSL 0.048 0.028 140.00% 0.058 0.058 0.048 2.0 k
Conversion Service CVNS 0.038 0.022 137.50% 0.022 0.038 0.022 223.3 k
Trey Resources Inc. TYRIA 0.0002 0.0001 100.00% 0.0002 0.0002 0.0002 5.0 k
TBC Global News Ne TGLN 0.0002 0.0001 100.00% 0.0002 0.0002 0.0001 5.07 m
Syringa Bancorp SGBP 0.50 0.25 100.00% 0.50 0.50 0.50 1000
Cyber Informatix I CYIX 0.20 0.10 100.00% 0.20 0.20 0.20 5.0 k
China Properties D CPDV 0.30 0.15 100.00% 0.30 0.30 0.30 2.1 k
Angel Acquisition AGEL 0.0002 0.0001 100.00% 0.0002 0.0002 0.0001 134.81 m

Wednesday’s Newsmakers:

Arrayit Corporation Receives Registered Trademark for OvaDx(R)
Jun. 30, 2010 (GlobeNewswire)

SUNNYVALE, Calif., June 30, 2010 (GLOBE NEWSWIRE) — Arrayit Corporation (OTCBB:ARYC), a leader in life sciences and healthcare technology, announced today that the company has received a registered trademark Notice of Allowance from the United States Patent and Trademark Office (USPTO) for the company’s OvaDx® pre-symptomatic ovarian cancer test. The June 29th, 2010 issuance of USPTO serial number 77891798 grants Arrayit exclusive nationwide rights to use the mark on or in connection with scientific, research, medical laboratory and clinical diagnostics uses of OvaDx® for the full lifetime of the product.

Arrayit’s OvaDx®, the market’s first comprehensive diagnostic screening test for ovarian cancer, uses approximately 100 proteomic biomarkers to identify molecular beacons of ovarian cancer that accumulate in the bloodstream as soon as an ovarian tumor begins to develop. OvaDx® detects both early and late stage ovarian cancer with high sensitivity and specificity using Arrayit’s proprietary microarrays, which are tiny medical devices that screen large numbers of patient samples in a highly miniaturized and automated manner. OvaDx® leverages Arrayit’s patented manufacturing technology and will be marketed and sold upon FDA approval by the company’s subsidiary Arrayit Diagnostics, Inc.

Arrayit CEO Rene Schena states, “We are pleased to receive a Notice of Allowance from the USPTO regarding our registered trademark. This achievement marks another important step in the commercialization of OvaDx®.”

About Arrayit Corporation

Arrayit Corporation, headquartered in Sunnyvale, California, leads and empowers the genetic, research, pharmaceutical, and diagnostic communities through the discovery, development and manufacture of proprietary life science technologies and consumables for disease prevention, treatment and cure. Arrayit now offers over 650 products and services to a customer base of more than 10,000 clinics and research facilities and more than 5,000 laboratories worldwide, including most every major university, pharmaceutical and biotech company, major agricultural and chemical company, government agency, national research foundation and many private sector enterprises. Please visit www.arrayit.com for more information.

About Arrayit Diagnostics, Inc.

Arrayit Diagnostics, Inc., a majority‐owned subsidiary of Arrayit Corporation, is actively engaged in marketing and commercializing proprietary microarray‐based diagnostic tests for early stage pre-symptomatic detection of ovarian and prostate cancer, neurodegenerative diseases, and other chronic and severe disease states.

Safe Harbor Statement

We have identified forward-looking statements by using words such as “expect,” “believe,” and “should.” Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties that are beyond our control, and these statements may turn out not to be true. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company’s Form 10-K for the fiscal year ended December 31, 2009 and Form 10-Q for the quarter ended March 31, 2010.

CONTACT:
Arrayit Corporation
Investor Relations
408-744-1331      
investorrelations@arrayit.com

Source: Globe Newswire (June 30, 2010 – 2:13 PM EDT)

Express IR (XIR) is an electronic publication, and is for informational purposes only. The stocks profiled by XIR are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. XIR is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.

Contact:

Ralph Sharp
rsharp@expressir.com

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6-29-10 The Small Cap Market Update from Express IR

June 29th, 2010 | Author: jessewpool

When the front page of Aljazeera.net is highlighting the violence at the G20 Summit, you know protestors are making complete fools of themselves. Perhaps a brief overview would be in order. The G-20 is a consortium of twenty of the largest industrial countries in the world. They meet to discuss trade and economic issues with a focus on the international financial system.

This group of countries represents approximately 85% of the worlds’ gross national product, 80% of world trade, approximately 90% of the worlds’ charitable contributions, and almost 95% of the worlds’ aid to impoverished regions. Let me say that again: 90% of the worlds’ charitable contributions and 95% of the worlds’ aid to impoverished regions. Of course it makes sense to throw rocks at police officers and burn cars to protest how evil they are.

Even minimal analysis from a reasonable, open-minded person would show that much can be done to make economic systems more equitable, financial and trade markets more efficient, and education more accessible worldwide. And yes, these G20 nations should be leaders on all fronts. Maybe that’s one of the reasons they get together at these leadership boondoggles. Let’s hold them accountable. Let’s expect more from our elected or appointed leadership.

Or, if you have a room temperature IQ, no job, and no idea how to be a positive influence on your community, let’s turn over a car and light it on fire. In the future, when this small network of malcontents gather to protest issues, let’s ignore them. It worked in professional sports. When idiot fans run on the field at a sporting event, the camera’s pan away. If you stop giving them attention, maybe they’ll just go away. Are you listening mass media?

Today’s Markets

Fueled by a decline in U.S. consumer confidence and worries about the global economy, all major U.S. stock indexes were slammed in Tuesday trading. The concerns sent investors in search of safe havens, sending the dollar, gold and Treasuries higher. The rise in Treasuries pushed the yield on the 10-year note below 3%, to its lowest level in more than a year. The selloff came as a sharp drop in U.S. consumer confidence added to the market’s worries after the Conference Board sharply revised lower its April leading economic indicator for China, raising fears that a key driver of the global economy could slow.

The Dow Jones industrial average dropped 276.98 points, or 2.74 percent, to 9,861.54. The S&P 500 fell 36.05 points, or 3.35 percent, to 1,038.52. The Nasdaq Composite fell 90.47 points, or 4.07 percent, to 2,130.18.The Standard & Poor’s 500 index fell 3.5% to 1038.23 and hit a fresh 2010 intraday low of 1037.68.

All of the S&P 500′s sectors were negative, led by declines in the industrials, technology and financial sectors, which are more volatile sectors. The less volatile consumer-staples and health-care stocks, posted the smallest declines.

Today’s Top Performers on the OTCBB

Company Symbol Last Chg %Chg Open High Low Vol
Lorus Therapeutics LRUSF 2.29 2.215 2,953.33% 2.29 2.29 2.29 400
Sumotext Inc. SMXI 0.84 0.81 2,700.00% 0.84 0.84 0.84 100
Real Value Estates RVLU 2.25 2.00 800.00% 2.25 2.25 2.25 100
Newcastle Resource NCSLF 1.19 1.02 600.00% 1.19 1.19 1.19 280
Anpath Group Inc. ANPGQ 0.04 0.03 300.00% 0.018 0.04 0.018 8.0 k
AISYSTEMS Inc. ASYI 0.45 0.28 164.71% 0.15 0.49 0.15 195.14 k
Providence Resourc PVRS 0.03 0.019 172.73% 0.03 0.03 0.03 9.8 k
Cienega Creek Hold CCKH 0.27 0.16 145.45% 0.27 0.27 0.27 2.0 k
Unico Inc. UNCO 0.0001 - 0.00 0.00% 0.0002 0.0002 0.0001 4.8 m
TBC Global News Ne TGLN 0.0001 - 0.00 0.00% 0.0002 0.0002 0.0001 32.35 m

Tuesday’s Newsmakers:

Lightyear Announces $1.7 Million Service Migration for Nationwide Casino Operator

Jun. 29, 2010 (Business Wire) — Lightyear Network Solutions, Inc. (OTCBB: LYNS), a provider of telecommunication services to large, medium and small businesses, as well as residential consumers throughout North America, announced today it is nearing completion of a migration to Lightyear service for 40 different locations for one of the nation’s largest casino operators.

Lightyear’s contract with this large multi-location, multi-branded casino operator began in July 2009. The initial objective of the engagement was to determine the timeline and scope of work to project manage the installation of services at the operator’s various casinos. Once complete, Lightyear began to aggressively install dedicated long distance, local telephone and Voice over Internet Protocol (VoIP) service at each of the client’s locations throughout North America, with 36 locations installed and 4 remaining as of June 29, 2010. This contract will represent more than 150 dedicated circuits and is expected to generate approximately $1.7 million in annual recurring revenue.

“This client is a great example of Lightyear’s organic growth strategy,” said J. Sherman Henderson III, CEO of Lightyear Network Solutions, “Voice communication services are mission-critical to this casino operator as they serve their own individual guest needs and provide an outstanding gaming experience. We look forward to working with them for many years to come as their business and telecommunication needs continue to expand.”

About Lightyear Network Solutions, Inc.

Through its wholly owned subsidiary, Lightyear Network Solutions, LLC, Lightyear provides telecommunication services to large, medium and small businesses and to residential consumers throughout North America utilizing its extensive network of independent agents and representatives. J. Sherman Henderson III, Lightyear’s Chief Executive Officer, has nearly 25 years experience in the telecommunications industry. Henderson was named one of the Top 25 Most Influential People in Telecommunications and was elected for six consecutive terms as Chairman of COMPTEL, the leading industry association representing more than 250 service providers. Lightyear’s product and service offerings include: local PRI and digital T1, enhanced internet services, frame relay, MPLS, Point-to-Point, Voice over Internet Protocol (VoIP), local and long distance, calling cards, and conferencing. Lightyear has also begun offering wireless services to customers in the U.S. through wholesale contracts with multiple wireless voice and data service providers. Lightyear built its own VoIP network in 2004 to enhance its product offerings to its customers and has partnered with some of the most prominent names in telecom including: Sprint, Verizon, AT&T, Qwest, Level 3, PAETEC, CenturyLink, Intelliverse, Globys, BroadSoft, Cisco and Adtran. Lightyear Network Solutions is headquartered in Louisville, KY. Additional information can be found at: www.lightyear.net.

Forward-Looking Statements

This press release contains “forward-looking statements” for purposes of the Securities and Exchange Commission’s “safe harbor” provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Lightyear’s actual results to differ materially from those currently anticipated. These forward-looking statements may include, without limitation, statements about our marketing and acquisition opportunities, business strategies, competition, expected activities and expenditures as we pursue our business plan. Although we believe that the expectations reflected in any forward looking statements are reasonable, the risks and uncertainties which could cause our actual results to differ materially from those currently anticipated includes changes in market conditions, our ability to integrate acquired operations, the ability to obtain additional financing on satisfactory terms, customer acceptance of products, regulatory issues, competitive factors, or other business circumstances and risk factors described in our filings with the Securities and Exchange Commission. Lightyear undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.

Source: Business Wire (June 29, 2010 – 2:21 PM EDT)
News by QuoteMedia

Express IR (XIR) is an electronic publication, and is for informational purposes only. The stocks profiled by XIR are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. XIR is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.

Contact:

Ralph Sharp
rsharp@expressir.com

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More About Small Cap Stocks

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6-28-10 The Small Cap Market Update from Express IR

June 28th, 2010 | Author: jessewpool

I thought Canadian’s were supposed to be civil. Or maybe the idiots rioting in Toronto at the G20 summit are tourists. Either way, if you have a point to make, isn’t it always better to rationally, calmly state your point and use debate, dialog, and discussion to reach agreement, or at least a point from which meaningful progress can be made.

In Toronto this week, hundreds of demonstrators protesting the G20 global economic summit in Toronto used the mature tactic of breaking windows and setting fire to police cars to get attention. Marchers have been complaining about everything from pay for public employees to expensive housing to the excesses of capitalism. Why are these people complaining about public pay when most of them are unemployed, otherwise they’d be at work. And as far as the excesses of capitalism go, ask the people of Cuba who have lived on food rations for the last 25 years how a dictatorship is working out for them.

It’s always easier to blame the government or some institution for your lot in life. It’s certainly a lot easier than getting a real education, working hard, starting a business, mentoring young people, volunteering at a retirement home or something crazy like serving your country in the Armed Forces or Peace Corp.

G20 organizers were so concerned about security that they have spent around $1 billion and brought in thousands of police from across Canada. Imagine to what wonderful ends that $1 billion could have been used. Or I guess they could have given it to the protestors to prevent them from burning the city down. Kind of like extortion, isn’t it?

Today’s Markets

Major stock indexes finished the day slightly lower as traders responded to G20′s pledge to cut deficits could negatively affect global growth. Investors grew concerned about a pledge by G20 nations to halve their deficits by 2013 and stabilize their debt by 2016 sends an important symbolic message that the days of endless stimulus for over. The move comes as investors have gotten worried that the pace of the economy recovery may be slowing, exacerbated by debt issues in Europe and China’s efforts to put the brakes on its growth.

The Dow Jones Industrial Average fell more than 50 points in the last hour of trading to end down 5.29 points, or 0.1%, at 10138.52. The Nasdaq Composite Index fell 0.1%. The S&P 500 fell 0.2%, led by declines of more than 1% each in its basic-materials and energy sectors.

The dollar strengthened against both the yen and the euro, which recently traded around $1.2274, down from $1.2386 late Friday in New York. The U.S. Dollar Index, which tracks the U.S. currency against a basket of six others, rose 0.5%. Demand for Treasuries climbed, with the 10-year note up to push its yield down to 3.032%, the lowest level in more than a year. Gold futures also rose. Meanwhile, crude-oil futures slipped.

Consumer-staples rose after the Supreme Court rejected an appeal by the government, which sought to revive a rejected attempt to get tobacco companies to forfeit up to $280 billion in profits and pay $10 billion for smoking-cessation programs. The tobacco companies had also filed an appeal. Reynolds American jumped 4.1%, Altria Group rose 3.3% and Lorillard climbed 2.5%.

Today’s Top Performers on the OTCBB

Company Symbol Last Chg %Chg Open High Low Vol
Response Biomedica RPBIF 0.546 0.486 810.00% 0.546 0.546 0.546 2.99 k
Salon Media Group SLNM 0.25 0.22 733.33% 0.25 0.25 0.25 1.4 k
Paneltech Internat PNLT 0.55 0.449 444.55% 0.55 0.55 0.55 1000
Home Valley Bancor HVYB 1.01 0.81 405.00% 0.51 0.51 0.51 5.0 k
BayHill Capital Co BYHL 0.47 0.31 193.75% 0.47 0.47 0.47 19.26 k
Blackhawk Capital BHCG 0.025 0.16 177.78% 0.25 0.25 0.25 100
Compliance Systems COPI 0.008 0.0047 142.42% 0.005 0.005 0.005 40.0 k
Idaho Bancorp IDBC 0.75 0.41 120.59% 0.75 0.75 0.75 1.43 k
American Internati AIVN 0.048 0.023 92.00% 0.048 0.048 0.048 300
Timberjack Sportin TBJK 0.0055 0.0024 77.42% 0.003 0.003 0.003 3.6 m

Monday’s Newsmakers:

Nu Horizons Electronics Corp. Completes $80 Million Global Financing Agreement Due 2014

Jun. 28, 2010 (Business Wire) — Nu Horizons Electronics Corp. (NASDAQ:NUHC), a leading global distributor of advanced technology semiconductor, display, illumination, power, system and telecommunication solutions, today announced that the Company has entered into a new global asset-backed loan facility (“ABL”) with Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE:WFC), as a lender and as administrative agent, and two other banks. The ABL is expected to fund the Company’s borrowing requirements in the United States (“U.S.”), the United Kingdom (“U.K.”) and Asia for a four-year term. The facility provides for maximum borrowings of $80,000,000 with an option to increase the facility to a maximum borrowing of $110,000,000 under certain circumstances. The ABL facility provides for borrowings at variable interest rates utilizing an asset-based formula predicated on a percent of qualifying accounts receivable and inventory at any given month end and taking into account the excess credit availability under the ABL. The current interest rate under the ABL is 4.5%. Nu Horizons used approximately $37.5 million of the ABL proceeds to pay off and terminate its pre-existing U.S. and U.K. credit facilities and pay transaction fees.

Kurt Freudenberg, Executive Vice President and Chief Financial Officer, stated, “As we expand our international presence, we believe this ABL facility will provide the Company with global financing flexibility with less financial covenants and the necessary financing to meet our currently anticipated working capital requirements for our current growth initiatives. In addition, under certain circumstances we can exercise an accordion feature to increase the facility by $30,000,000 to a total of $110,000,000.”

About Nu Horizons Electronics Corp.

Nu Horizons Electronics Corp. is a leading global distributor of advanced technology semiconductor, display, illumination, power, system and telecommunication solutions to a wide variety of commercial original equipment manufacturers (OEMs) and electronic manufacturing services providers (EMS). With sales facilities in 54 locations across North America, Europe and Asia and regional logistics centers throughout the globe, Nu Horizons partners with a limited number of best-in-class suppliers to provide in-depth product development, custom logistics and life-cycle support to its customers. Information on Nu Horizons and its services is available at http://www.nuhorizons.com.

Cautionary Statement Regarding Forward-Looking Statements

Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions, as they relate to Nu Horizons or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of Nu Horizons’ management, as well as assumptions made by and information currently available to its management. Forward-looking statements involve certain risks and uncertainties that could cause actual results to differ from those in the forward looking-statements. Potential risks and uncertainties include such factors as the level of business and consumer spending for electronic products, the amount of sales of the Company’s products, the competitive environment within the electronics industry, the ability of the Company to expand its operations, the level of costs incurred in connection with the Company’s expansion efforts and the financial strength of the Company’s customers and suppliers. Investors are also directed to consider other risks and uncertainties discussed in documents filed by the Company with the Securities and Exchange Commission. Such statements reflect our current view with respect to the future and are subject to these and other risks, uncertainties and assumptions relating to Nu Horizons’ financial condition, results of operations, growth strategy and liquidity. The Company does not undertake any obligation to update its forward-looking statements.

Source: Business Wire (June 28, 2010 – 4:37 PM EDT)

Express IR (XIR) is an electronic publication, and is for informational purposes only. The stocks profiled by XIR are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. XIR is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.

Contact:

Ralph Sharp
rsharp@expressir.com

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More About Small Cap Stocks

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6-25-10 The Small Cap Market Update from Express IR

June 25th, 2010 | Author: jessewpool

At every point in the economic history of this country the case for small cap investing has been strong. Small companies are the fast, lean engines that drive technological innovation and create entire industries out of a simple idea (the Foreman Grill with heat on two sides of the meat), a process improvement (the Weedeater), or a landmark development (Facebook) that changes the way we live and think. With coming changes in tax legislation, and more likely on the horizon, it’s possible that the popularity of small cap investing will soon explode.

In 1986, Congress ordered the Treasury to study an integration of the corporate and individual income taxes. The Treasury study, released in 1992, recommended as the simplest approach would be a tax exclusion for dividends that have already been taxed as corporate income. President George W. Bush proposed just that in 2003, but secured only a reduction in the dividend tax rate, to a maximum of 15%.

That deal expires at the end of 2010. Without action by Congress, dividends beginning next year will be taxed as ordinary income. In fact, they’ll be taxed a little more. The Patient Protection and Affordable Care Act, signed into law by President Obama in March, increased Medicare taxes and extended them to all income, not just earned income. That includes dividends.

Additionally, the capital gains tax rate is on the endangered species list. From a tax savings perspective, the playing field is leveled between the short-term trader and the buy and hold, dividend seeking investor. Why wouldn’t this breed of investor start investigating the wonderful world of small cap stocks?

Today’s Markets

Stocks are off to a shaky start in Friday trading after the final reading on first-quarter GDP was revised lower. GDP was revised to show the economy grew at a 2.7% annual rate which is down from the prior estimate of 3 percent and 5.6 percent in the fourth quarter. Business spending was also revised lower to a 2.2 percent rate from the prior estimate of 3.1 percent. Corporate profits, meanwhile, were more than double the prior estimate, rising 5 percent.

Banks stocks are up in early trading after Congress reached a deal on financial reform. The legislation, now called the Dodd-Frank bill, now goes to the full House and Senate for a vote and could be signed into law by President Obama by July 4.

The bill dilutes Dem. Sen. Blanche Lincoln’s proposal to make banks spin off their swaps-trading desks after several lawmakers threatened to vote against the legislation on the grounds that such a provision would force trading overseas. The compromise allows banks to stay involved in foreign-exchange and interest-rate swaps dealing, which account for the bulk of the $615 billion over-the-counter derivatives market.

Today’s Top Performers on the OTCBB

Company Symbol Last Chg %Chg Open High Low Vol
eGain Communicatio EGAN 0.97 0.42 76.36% 0.55 0.97 0.55 550
China Digital Medi CDGT 0.13 0.0539 70.83% 0.11 0.13 0.11 16.35 k
Team Nation Holdin TEMN 0.0022 0.0009 69.23% 0.0016 0.0022 0.0016 1.03 m
TetriDyn Solutions TDYS 0.06 0.02 50.00% 0.06 0.06 0.06 1.31 k
Encompass Group Af ECGA 0.0003 0.0001 50.00% 0.0003 0.0003 0.0003 2.0 m
Blue Earth Solutio BESN 0.0288 0.0088 44.00% 0.02 0.0288 0.02 5.1 k
Worlds.com Inc. WDDD 0.10 0.03 42.86% 0.10 0.10 0.10 800
WellTek Inc. WTKN 0.0134 0.0034 34.00% 0.0125 0.0134 0.0125 15.0 k
Wellstar Internati WLSI 0.0004 0.0001 33.33% 0.0003 0.0004 0.0003 578.0 k
China Forestry inc. CHFY 0.02 0.005 33.33% 0.02 0.02 0.02 500

Friday’s Newsmakers:

Tootie Pie Company Sales Up 32% for May
Jun. 24, 2010 (Business Wire)

Tootie Pie Company, Inc. (OTCBB: TOOT) announced that sales for May 2010 were up 32%, versus May, 2009. Unit sales were up 10% for the same corresponding periods.

“We have experienced solid monthly increases for eight consecutive months. Mother’s Day kicks off our summer selling season and I am very pleased with the way sales are trending. Our sales team continues to do an outstanding job,” said Don Merrill, President & CEO, “and our cafés are emerging into models of success for our wholesale customers!”

Merrill added that he is seeing “true sales and marketing integration extending through all of our selling channels,” for the first time in the Company’s history.

“We are also seeing a good response from our corporate customers to our 4th of July campaign and if corporate sales were to kick in, then the 2010 holiday season will really be a winner!” Merrill explained.

“History tells us that sales generated during these warmer months will grow exponentially when the colder weather ushers in the holiday season,” added Merrill. “Right now, these results suggest that the 2010 holiday season will set new records for Tootie Pie Company.”

About Tootie Pie Co.

Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. The retail segment serves individual customers through sales in its Tootie Pie Gourmet Cafés, in-store sales, orders via telephone and internet on the Company’s website. The corporate segment serves businesses that purchase pies as a way to promote their company through client and employee appreciation programs. The wholesale segment is made up of national and regional broad line grocery and foodservice distributors who purchase pies and then resell them through their respective sales distribution channels. Tootie Pie Company is a public company traded on the NASDAQ OTC market under the symbol “TOOT.” For additional information or to receive correspondence from Tootie Pie Company, please visit www.tootiepieco.com.

Forward-Looking Statements

This press release may contain forward-looking statements. The words “believe,” “expect,” “should,” “intend,” “estimate,” and “projects,” variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company’s current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company’s filings, which are on file with the U.S. Securities and Exchange Commission (SEC).

Source: Business Wire (June 24, 2010 – 9:30 AM EDT)

Express IR (XIR) is an electronic publication, and is for informational purposes only. The stocks profiled by XIR are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. XIR is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.

Contact:

Ralph Sharp
rsharp@expressir.com

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