Posts Tagged ‘Nasdaq’

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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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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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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In a Rasmussen Reports national telephone survey released today, 48% of American adults see the government today as a threat to individual rights rather than a protector of those rights. Additionally, most Americans (52%) say it is more important for the government to protect individual rights than to promote economic growth. Just 31% say promoting economic growth is more important.

Using a systems theory approach, let’s connect the dots. Simply put, if the government protects individual rights, it is promoting economic growth. With the nationalization of the auto industry and healthcare, BP’s incompetence has given the government another industry to put in the crosshairs. Don’t be surprised if talk of nationalizing exploration and development, and therefore the domestic oil industry is next.

It should be our right as investors to participate in free and efficient financial markets. But if business and industry has to compete with the federal government, the 48% of American’s polled may be on to something.

Today’s Markets

Stocks are lower in early trading despite better-than-expected reports on jobs and durable-goods orders in the U.S.

The Dow Jones Industrial Average was down more than 70 points falling below the 10,230 level in early trading. Pfizer was the measure’s worst performer with a drop of almost 2%, based on the and FDA request of the suspension of osteoarthritis trials of its pain drug tanezumab after some reports that patients’ ailments worsened to the point of needing joint replacement.

The Nasdaq Composite declined 0.5% to 2243. The Standard & Poor’s 500 slipped 0.5% to 1087, with its financial and consumer-discretionary sectors leading the drop.

The drop came despite a bigger-than-expected drop in weekly jobless claims. Initial claims for jobless benefits fell by 19,000 to 457,000 in the week ended June 19, while economists had expected claims would fall by only 7,000.

The Commerce Department said durable-goods orders decreased by 1.1% to a seasonally adjusted $192.01 billion, but that was smaller than the 1.5% decline economists predicted. The number was weighed down by a 30% plunge in non-defense aircraft and parts that followed a 216% surge in April. Outside of the transportation sector, orders for all other durables rose by 0.9% in May, with gains in metals, machinery and computers.

Today’s Top Performers on the OTCBB

Company	Symbol	Last		Chg	%Chg	Open	High	Low	Vol
Data Storage Corp.	DTST	0.15		0.11	275.00%	0.15	0.15	0.15	222
Finotec Group Inc.	FTGI	0.25		0.15	150.00%	0.20	0.25	0.20	11.49 k
International Star	ILST	0.016		0.0078	95.12%	0.016	0.016	0.016	2.0 k
Giant Oil & Gas In	GGSIF	0.16		0.075	88.24%	0.12	0.16	0.12	20.5 k
NextMart Inc.	NXMR	0.0075		0.0035	87.50%	0.0051	0.0075	0.0051	205.0 k
CardioGenics Holdi	CGNHD	0.75		0.35	87.50%	0.75	0.75	0.75	1.8 k
Ligand Pharmaceuti	LGNDZ	0.25		0.11	78.57%	0.25	0.25	0.25	1000
Franklin Towers En	FRTW	0.006		0.002	50.00%	0.006	0.006	0.006	3.0 k
Bonds.Com Group In	BDCG	0.20		0.05	33.33%	0.20	0.20	0.15	15.88 k
Central Illinois P	CIPSN	101.00		25.00	32.89%	101.00	101.00	101.00	100

Tuesday’s Newsmakers:

Herley Industries, Inc. Receives a $12 Million Contract to Provide Electronics for a U.S. Missile Program
Jun. 24, 2010 (PR Newswire)

LANCASTER, Pa., June 24 /PRNewswire-FirstCall/ — Herley Industries, Inc. (Nasdaq: HRLY) announced today that its Lancaster division has received a subcontract valued at approximately $12 million from a major prime contractor for the continuing production of electronic hardware for a U.S. missile program.

John A. Thonet, Chairman of the Board, said, “My congratulations go to the team at Herley Lancaster and its Division President, Howard Eckstein, on this significant contract.  The award for flight instrumentation was received and has been incrementally funded over the last few months, and we expect that it will be fully funded within the next few weeks.”

Richard Poirier, Herley’s CEO and President, commented, “Herley Lancaster developed the flight instrumentation and has supported this customer for a number of years.  We are very proud of Herley Lancaster’s significant contribution to this important U.S. missile program, and we anticipate that our strong relationship with our customer will continue well into the future.”

Herley Industries, Inc. is a leader in the design, development and manufacture of microwave technology solutions for the defense, aerospace and medical industries worldwide. Based in Lancaster, PA, Herley has seven manufacturing locations and approximately 1000 employees. Additional information about the company can be found on the Internet at www.herley.com
For information at Herley contact

Peg Guzzetti Tel: (717) 397-2777        
Investor Relations

Safe Harbor Statement – Except for the historical information contained herein, this release may contain forward-looking statements. Such statements are inherently subject to risks and uncertainties. Forward-looking statements involve various important assumptions, risks, uncertainties and other factors which could cause our actual results to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this discussion can be identified by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “plan,” “intend,” “may,” “should” or the negative of these terms or similar expressions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, performance or achievement. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors including but not limited to, competitive factors and pricing pressures, changes in legal and regulatory requirements, cancellation or deferral of customer orders, technological change or difficulties, difficulties in the timely development of new products, difficulties in manufacturing, commercialization and trade difficulties and current economic conditions, including the potential for significant changes in US defense spending under the new Administration which could affect future funding of programs and allocations within the budget to various programs as well as the factors set forth in this report and in our public filings with the Securities and Exchange Commission.

SOURCE Herley Industries, Inc.        
Source: PR Newswire (June 24, 2010 – 9:30 AM EDT)

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