September 7, 2010 4:50 PM
Small Cap News Movers for 9/7/10
Wireless Ronin Technologies, Inc. (NASDAQ: RNIN) announced today that its RoninCast software has been selected by Snap Fitness, the fastest-growing franchisor of compact, state-of-the-art 24/7 fitness centers with locations worldwide. “We selected Wireless Ronin Technologies’ (WRT) RoninCast software after conducting an extensive search and due diligence to find the best solution for our franchisees,” explains Peter Taunton, CEO of Snap Fitness. “The ease of use of the online management system combined with their 24/7 network operations center (NOC) provided the best in class solution to best support our brand and the needs of our franchise owners.” The stock closed at $1.43, up 25.44%, on 114,353 traded shares.
China Natural Gas, Inc. (NASDAQ: CHNG) today announced that the Company signed an agreement on September 6th, 2010 with Ernst & Young (China) Advisory Limited that Ernst & Young will provide assistance to the Company's management in compliance with Section 404 of the Sarbanes-Oxley Act of 2002. According to the agreement, Ernst & Young will help the Company implement an internal control program. They will assist the Company's management in the recording, testing, and evaluating of internal controls involving entries and processes in financial reporting. The stock closed at $5.99, up 19.80%, on 950,024 traded shares.
Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW) announced today that it has received a $30 million purchase order for supplying key components and subsystems related to Quantum’s proprietary Q-Drive(TM) powertrain systems for the Fisker Karma production program under the terms of its supply agreement. Under this first-release production purchase order, Quantum will supply components and systems to support the early vehicle builds that will ramp up to production volumes in 2011. The stock closed at $0.53, up 16.59%, on 3,345,749 traded shares.
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September 2, 2010 4:05 PM
Small Cap News Movers for 9/2/10
PostRock Energy Corporation (NASDAQ: PSTR) today announced that White Deer Energy L.P. has agreed to invest $60 million of equity in the Company. White Deer is a recently formed energy private equity firm. PostRock will use the proceeds to reduce debt and fund future growth. The investment and the debt restructuring are expected to close simultaneously in approximately three weeks, subject to the satisfaction or waiver of various closing conditions. As part of the transaction, White Deer has reserved an additional $30 million to invest in PostRock on mutually acceptable terms to fund future growth. The stock closed at $4.40, up 47.16%, on 429,540 traded shares.
Orexigen® Therapeutics, Inc. (NASDAQ: OREX) and Takeda Pharmaceutical Company Limited (TSE: 4502), today announced that they have entered into an exclusive partnership to develop and commercialize Contrave® (naltrexone SR/bupropion SR), Orexigen’s investigational drug for the treatment of obesity, in the United States, Canada and Mexico. Contrave is a combination therapy believed to address both biological and behavioral drivers of obesity. The central pathways targeted by this treatment are involved in controlling the balance of food intake and metabolism, and regulating reward-based eating behavior. The stock closed at $5.43, up 18.30%, on 8,279,840 traded shares.
Sycamore Networks, Inc. (NASDAQ: SCMR) today reported its results for the fourth quarter and fiscal year ended July 31, 2010. Revenue for the fourth quarter of fiscal 2010 was $22.2 million, compared with $17.2 million for the fourth quarter of fiscal 2009. Revenue for fiscal 2010 was $68.6 million compared to $67.4 million in fiscal 2009. Net income for the fourth quarter of fiscal 2010, on a generally accepted accounting principles (“GAAP”) basis, was $0.5 million, or $0.02 per diluted share, compared with a GAAP net loss of $34.9 million, or $1.23 per share for the fourth quarter of fiscal 2009. The stock closed at $26.90, up 21.06%, on 2,576,401 traded shares.
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September 1, 2010 4:09 PM
Small Cap News Movers for 9/1/10
Kenexa Corporation (NASDAQ: KNXA) and Salary.com, Inc. (NASDAQ: SLRY) today announced that they have entered into an agreement for Kenexa’s acquisition of Salary.com in an all cash tender offer and merger for $4.07 per share, or approximately $80 million. Kenexa, a global provider of business solutions for human resources, expects to complete the cash tender offer and close the transaction during the fourth quarter of this year. The stock closed at $4.08, up 42.66%, on 2,253,570 traded shares.
ProAssurance Corporation (NYSE: PRA) and American Physicians Service Group, Inc. (NASDAQ: AMPH) today announced they have entered into an agreement which calls for ProAssurance to acquire all the outstanding shares of American Physicians Service Group, Inc. (APS) in an all-cash transaction for $32.50 per share. The transaction is expected to close by year-end. The Board of Directors of APS has determined that the transaction is in the best interests of shareholders. The stock closed at $32.46, up 23.42%, on 812,767 traded shares.
G-III Apparel Group, Ltd. (NASDAQ: GIII) today announced operating results for the second quarter of fiscal 2011. The Company reported that, for the three months ended July 31, 2010, net sales increased by 39% to $189.0 million from $135.9 million in the second quarter last year. This increase was stronger than expected and resulted primarily from increased wholesale sales of women’s dresses, sportswear and suits, as well as from higher sales by the Company’s Wilsons retail outlet store business. The stock closed at $28.01, up 16.03%, on 1,405,111 traded shares.
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August 31, 2010 4:16 PM
Small Cap News Movers for 8/31/10
Energy Focus, Inc. (NASDAQ: EFOI) today announced that its research and development team has recently been selected to receive funding on three projects: a Phase I Department of Defense (DoD) Small Business Innovation Research (SBIR) Grant to develop additional LED lighting fixtures based on its proprietary Intellitube(TM) technology for the Naval Air Systems Command (NAVAIR); increased VHESC funding to accelerate the development of advanced coatings; and a grant for the development of advanced optical designs totaling about $410,000. The stock closed at $1.78, up 11.95%, on 324,300 traded shares.
Energy Conversion Devices, Inc. (NASDAQ: ENER) today announced financial results for its fourth quarter and fiscal year ended June 30, 2010. Total consolidated revenues for the quarter were $86.2 million, compared to $51.4 million in the fourth quarter of fiscal 2009, a 68% increase, and $72.4 million in the third quarter of fiscal 2010, a 19% increase. Solar product and system sales for the quarter were $81.3 million, compared to $46.0 million in the same quarter last year, a 77% increase, and $65.1 million in the third quarter of fiscal 2010, a 25% increase. The stock closed at $4.51, up 13.32%, on 8,058,797 traded shares.
iCAD, Inc. (NASDAQ: ICAD) today announced that the executive management team, including President and CEO Ken Ferry, will ring the closing bell at the NASDAQ MarketSite in New York City’s Times Square on September 2, 2010 at 4:00 PM ET in recognition of Prostate Cancer Awareness month. Faina Shtern, MD, President and CEO of Admetech, a nonprofit organization dedicated to ending the prostate cancer crisis by supporting the development of accurate diagnostic tools for early detection and minimally-invasive treatment, will also be in attendance along with other physicians and prostate cancer survivors. The stock closed at $1.68, up 7.69%, on 178,087 traded shares.
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August 30, 2010 4:22 PM
Small Cap News Movers for 8/30/10
Gulfstream International Group, Inc. (NYSE AMEX: GIA) announced today that it has received a commitment for an investment of up to $2.5 million from Sah-Vul Strategic Partners, LLC (“Sah-Vul”) that will enable the Company to strengthen its financial position, and enables it to expand its strategic plan with an increased focus on growth and maximization of stockholder value. The commitment includes an initial $1.5 million in the form of a secured convertible note, and provides an option for Sah-Vul to invest an additional $1.0 million. The stock closed at $0.64, up 10.99%, on 31,350 traded shares.
Ebix, Inc. (NASDAQ: EBIX) today announced that it has signed a merger agreement with Atlanta based A.D.A.M., Inc. (NASDAQ: ADAM), a leading provider of health information and benefits technology solutions in the United States. Ebix will acquire A.D.A.M. on a debt-free basis for aggregate merger consideration of $66 million. Under the terms of the merger agreement, unanimously approved by both Boards of Directors, A.D.A.M. shareholders will receive 0.3122 of Ebix common stock for each share of A.D.A.M. common stock in a tax-free reorganization, subject to certain adjustments specified in the merger agreement. The stock closed at $5.46, up 72.24%, on 2,318,155 traded shares.
Ceragon Networks Ltd. (NASDAQ: CRNT) today announced that it has received new orders for its advanced FibeAir(R) platforms from a leading Indian operator. Ceragon’s equipment will be deployed in a number of circles to facilitate the operator’s network expansion. “We are very happy to see that the regulatory process related to security considerations in India is in place and orders are beginning to be released by operators as they receive clearance from the Indian government,” said Ira Palti, President and Chief Executive Officer of Ceragon. “We expect revenue from the current orders to be recognized during 2011, while continuing to target revenue growth in the range of 30-35% for 2010.” The stock closed at $8.60, up 10.54%, on 1,027,040 traded shares.
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August 26, 2010 4:04 PM
Small Cap News Movers for 8/26/10
Radient Pharmaceuticals Corp. (NYSE AMEX: RPC) announced today it will present its Onko-Sure in vitro diagnostic (IVD) cancer test to distribution partners at the annual Vietnam International Medical, Hospital and Pharmaceutical exhibition — Vietnam Medi-Pharm Expo, held August 18-21 at the Tan Binh International Exhibition & Convention Center in Ho Chi Minh City, Vietnam. The stock closed at $0.62, up 53.81%, on 4,260,673 traded shares.
Geokinetics Inc. (NYSE AMEX: GOK) today announced that Petroleos Mexicanos (PEMEX) has awarded its Mexican subsidiary a seismic acquisition contract valued in excess of $110 million for work in Mexico. The project will be for a seamless Ocean Bottom Cable, Transition Zone and land seismic data acquisition survey that is scheduled to commence late in the fourth quarter 2010 and last through early 2012. The stock closed at $4.81, up 23.02%, on 889,156 traded shares.
Shengkai Innovations, Inc. (NASDAQ: VALV) today announced that it has won its first key contract in Hong Kong. After one year of testing and stringent selection procedures, Shengkai Innovations’ valve products have been well received by Hong Kong power generation companies due to its products’ long durability and high quality under both high temperature and high pressure. The stock closed at $7.43, up 8.78%, on 200 traded shares.
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QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. Our name emphasizes the commitment we have to connect subscribers with companies that have huge potential to succeed in the short and long-term future.
August 25, 2010 4:32 PM
Small Cap News Movers for 8/25/10
Coldwater Creek Inc. (NASDAQ: CWTR) today reported financial results for the three- and six-month periods ended July 31, 2010. Net sales were $253.5 million, compared with $225.2 million in the fiscal 2009 second quarter. Net income for the three-month period was $1.5 million, or $0.02 per diluted share, compared with a net loss of $4.9 million, or $0.05 per share, for the three-month period ended August 1, 2009. Gross profit for the fiscal 2010 second quarter was $84.7 million, or 33.4 percent of net sales. The stock closed at $4.75, up 41.79%, on 5,785,196 traded shares.
Somaxon Pharmaceuticals, Inc. (NASDAQ: SOMX) today announced that Somaxon and Procter & Gamble (NYSE:PG) have entered into a co-promotion agreement for Silenor® (doxepin), a newly-approved treatment for insomnia characterized by difficulty with sleep maintenance. Under the terms of the agreement, Somaxon and Procter & Gamble will co-promote Silenor with a combined 215 sales representatives in the U.S. market. Procter & Gamble’s professional health care sales force will promote Silenor to targeted primary care and other high-prescribing physicians. The stock closed at $4.34, up 28.78%, on 30,999,011 traded shares.
Occam Networks (NASDAQ: OCNW) today announced that Perry-Spencer Rural Telephone Cooperative, Inc. (d/b/a PSC), has deployed the Occam BLC 6000 multiservice access platform (MSAP) in a FTTH project serving Christmas Lake Village in Santa Claus, Indiana. PSC selected Occam to provide equipment for an ILEC fiber overbuild as PSC looks to enhance its broadband service. This FTTH upgrade of PSC’s network, which also provides broadband services throughout a three county region of southern Indiana, is further enhancing the voice, video and data needs of the community. The stock closed at $4.80, up 11.11%, on 145,160 traded shares.
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QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. Our name emphasizes the commitment we have to connect subscribers with companies that have huge potential to succeed in the short and long-term future.
August 19, 2010 4:17 PM
Small Cap News Movers for 8/19/10
HiSoft Technology International Limited (NASDAQ: HSFT) today announced its unaudited financial results for the second quarter ended June 30, 2010. Net revenues increased 63.9% year-over-year to US$34.7 million for the second quarter of 2010 from US$21.2 million for the corresponding period in 2009. Income from operations increased 127.7% year-over-year to US$4.3 million for the second quarter of 2010 from US$1.9 million for the corresponding period in 2009. The stock closed at $15.40, up 22.81%, on 749,747 traded shares.
Casual Male Retail Group, Inc. (NASDAQ: CMRG) today reported operating results for the second quarter and six month period ended July 31, 2010. David Levin, President and CEO, stated, “We are pleased with our results for the second quarter and continuing progress toward our immediate initiatives to expand operating margin and drive free cash flow. In the quarter, strong inventory control as well as lower occupancy and merchandise costs combined to drive a 180 basis point improvement in gross margin." The stock closed at $3.12, up 15.56%, on 541,883 traded shares.
Qlik Technologies Inc. (NASDAQ:QLIK) today announced financial results for the three month period ended June 30, 2010. Total revenue for the second quarter of 2010 was $51.1 million, an increase of 56% from $32.8 million in the second quarter of 2009. Non-GAAP operating income, which excludes stock-based compensation, was $6.4 million, or 12.5% of revenue, for the second quarter of 2010, compared to a non-GAAP operating loss of ($2.3 million) for the second quarter of 2009. The stock closed at $15.58, up 9.49%, on 287,648 traded shares.
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QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. Our name emphasizes the commitment we have to connect subscribers with companies that have huge potential to succeed in the short and long-term future.
August 18, 2010 4:04 PM
Small Cap News Movers for 8/18/10
BSD Medical Corporation (NASDAQ: BSDM) today announced that the U.S. Food and Drug Administration (FDA) has granted the Company a 510(k) clearance to market its MicroThermX Microwave Ablation System (MTX-180) for ablation of soft tissue. Clearance from the FDA of BSD’s 510(k) Premarket Notification submission authorizes the commercial sale of the MTX-180 in the United States. The stock closed at $2.97, up 162.83%, on 27,337,178 traded shares.
ShopNBC (NASDAQ:VVTV) today announced improved financial results for its fiscal second quarter ended July 31, 2010. “We are pleased with our second quarter progress, reflecting another consecutive quarter of overall improved performance,” said Keith Stewart, CEO of ShopNBC. “Positive customer activity trends and strong gross margin rates, along with disciplined execution in merchandising and financial planning, helped drive the business on the top- and bottom-line." The stock closed at $2.25, up 39.75%, on 1,248,779 traded shares.
Fronteer Gold Inc. (AMEX:FRG) provided an update on exploration and development activities at its Long Canyon gold project, including the reporting of significant intervals of high-grade oxide gold intersected northeast and southwest of the current resource area. Long Canyon, Sandman and Northumberland gold projects comprise Fronteer Gold’s development platform in Nevada. The stock closed at $7.46, up 14.24%, on 1,687,048 traded shares.
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