Daily Stock List
Independent Film Development Corp. (IFLM)
WallstreetSurfers and SizzlingStockPicks reported last week on Independent Film Development Corp. (IFLM), Mina Mar Marketing Group did earlier, and today we are highlighting the Company as “One to Watch” here at the QualityStocks Daily Newsletter.
Independent Film Development Corp. (IFLM) is developing a multi-pronged approach to integrate the multi-billion dollar independent film market to include web, sales, and distribution and development. The Company’s overall business plan is to acquire and develop independent films for production, sales, and distribution. Their corporate goal is to have significant partnerships with mini-major and the major film studios. Founded in 2007, IFLM has their headquarters in Los Angeles, California.
The Company’s plan is to emphasize the most profitable segment of the industry - Film Distribution. IFLM was created by veteran independent filmmakers’ intent on becoming an all-in-one resource for films produced outside the studios. Their executives have extensive relationships with content providers, including studios, producers, and film libraries. IFLM’s business plan has three distinct components: Development and Production; Press and Marketing, and Sales and Distribution.
By way of their wholly owned website, HollywoodIndy.com, IFLM is creating their one-stop shop for filmmakers in their mission to produce and sell their films, while giving IFLM the opportunity to profit from multiple revenue streams and from multiple films at once. HollywoodIndy (www.HollywoodIndy.com) is a social network for industry professionals to source classifieds, projects, and resources.
The majority of the Company’s Sales/Distribution business operates in a small, low risk, and profitable segment of the entertainment industry, which connects the independent filmmakers directly to the domestic and foreign distribution outlets around the world. IFLM is working to incorporate and acquire additional entertainment businesses that complement and assist the Company’s current portfolio.
Last week, IFLM announced that they signed an agreement to produce the upcoming feature film, "Famine." The Company has also been awarded the exclusive worldwide sales rights. Pre-production is scheduled to begin in November of this year. The film's budget is estimated to be $20 million USD.
Today, IFLM announced their financials for the quarterly period ending June 30, 2012. IFLM became revenue producing for the first time resulting from the launch of the Indiebacker brand (www.Indiebackers.com). The revenue was modest for the quarter; however, the Company’s management is extremely enthusiastic for the brand and plans call for IFLM to come out of beta this quarter and begin marketing the brand more aggressively.
We have Independent Film Development Corp. (IFLM) locked on our radar screens as "One to Watch" this week, here at the QualityStocks Daily Newsletter.
Independent Film Development Corp. (IFLM), closed on Monday at $0.01, down 28.00%, on 3,989,983 volume with 162 trades. The average volume for the last 60 days is 93,177. The 52-week low/high is $0.02/$1.04.
Eastern Platinum Ltd. (ELR.TO)
Today we are reporting on Eastern Platinum Ltd. (ELR.TO), here at the QualityStocks Daily Newsletter.
Established in 2003, Eastern Platinum Ltd. is Canada's leading platinum group metals producer. Currently, the Company is engaging in the development and mining of platinum group metal deposits in South Africa. Eastern Platinum has assets on the western and eastern limbs of the Bushveld Complex, which holds approximately 80 percent of the world's platinum supply. Eastern Platinum lists on the Toronto Stock Exchange. The Company is based in Vancouver, British Columbia.
In 2006, Eastern Platinum became Canada's largest platinum group metals producer when they acquired a 69 percent indirect interest in Barplats Investments Ltd. This acquisition was accompanied by a successful Cdn $150 million capital raising campaign, much of which has been invested in the Crocodile River Mine operations. In May 2007, Eastern Platinum acquired an additional 5 percent of Barplats.
In June 2007, the Company completed the acquisition of 42.3 percent of the shares of Gubevu, a company that holds 26 percent of the shares of Barplats. In December 2008, Eastern Platinum increased their direct shareholdings in Barplats to 74.99 percent and at the same time increased their ownership in Gubevu to 49.9 percent - in each case through equity investments.
The Company's four primary assets are the Crocodile River Mine on the western limb of the Bushveld, the Kennedy's Vale project located on the eastern limb of the Bushveld, the Spitzkop project adjacent to Kennedy's Vale, and the Mareesburg project, close to Spitzkop and Kennedy's Vale. The Bushveld Complex is internationally recognized as containing the world's largest resource of platinum group metals.
At the end of May 2012, Eastern Platinum reported that due to the continuing negative changes in the global economic environment and the operating environment in South Africa, the Company decided to suspend funding for the ongoing development of the Mareesburg open pit mine and construction of the Kennedy's Vale Concentrator Plant. They will reassess the project economics as and when a sustained recovery in the global economic environment and metals prices takes place.
In June, Eastern Platinum reported that a review of funding for all their South African mining operations based on the current economic environment has been completed. Management at the Crocodile River Mine thoroughly analyzed their mining operations and proposes to implement a comprehensive mine development plan to reduce costs and improve efficiencies. The proposed plan would involve extensive underground development resulting in reduced stoping production and increased "on-reef" development in the near term, leading to significant increases in mineable reserves, production, and operating flexibility in the medium and long-term.
Last week, Eastern Platinum reported that their implementation of a comprehensive mine development plan at the Crocodile River Mine is progressing well. Because of the temporary suspension of stoping at the Zandfontein section, while continuing "on-reef" mining operations at the Maroelabult section, the Company expects production for the full year of 2012 to be approximately 75,000 PGM ounces and for the full year of 2013 to be approximately 60,000 PGM ounces.
Eastern Platinum Ltd. (ELR.TO), closed on Monday at $0.18, up 2.86%, on 955,727 volume. The 52-week low/high is $0.17/$0.81.
Galway Resources Ltd. (GWY.V)
Today we are reporting on Galway Resources Ltd. (GWY.V), here at the QualityStocks Daily Newsletter.
Listed on the TSX Venture Exchange, Galway Resources Ltd. is primarily focusing on the exploration of gold and coal in Colombia. Their core focus is gold exploration in northeast Colombia. Galway Resources also has the Victorio molybdenum-tungsten project, with excellent infrastructure, in southwestern New Mexico. Galway Resources has their corporate headquarters in Toronto, Ontario.
Drill programs are taking place at the California and Vetas gold projects, located in northeast Colombia. There are three drill rigs operating at the California property, located adjacent to and along strike with Ventana's La Bodega/La Mascota property. Drilling began in April 2011 at the Vetas property, located 8 km southeast of California, with three rigs currently operating. Galway Resources is focusing on having independent NI 43-101 resource estimates completed on both California and Vetas in 2012.
Galway Resources’ Victorio molybdenum-tungsten project in southwestern New Mexico has excellent infrastructure. A positive scoping study was completed by SRK consulting in 2008. The recent surge in tungsten pricing, coupled with a steady molybdenum price, has prompted Company management to reassess strategic alternatives to advance the Victorio project.
In early May 2012, Galway Resources announced assay results from 18 drill holes on the new Machuca extension at their California gold-silver property in Colombia. They also provided results for the infill drilling of 42 drill holes. The property is adjacent to, and on strike with, the La Bodega/La Mascota deposit (acquired for $1.5 billion by AUX Canada ), and also includes a land parcel that is 360 meters-long and appears to be directly within AUX's La Mascota mineralized structure.
Galway Resources, given the successful results seen at Machuca, has deferred completing their initial resource estimate in order to incorporate the Machuca results into the estimate. The Company has three drill rigs operating in California. They have now completed their infill program (mineralization still open at depth). They will continue to drill Machuca while the third rig is testing the neighboring Santa Catalina Zone. Galway Resources continues to aggressively drill at their Vetas gold project. They have added a second surface rig and a third drill operating underground.
Galway Resources Ltd. (GWY.V), closed on Monday at $0.98, down 1.01%, on 39,600 volume. The 52-week low/high is $0.84/$1.87.
Lynas Corp. Ltd. (LYSDY)
Leeb’s Market Forecast and Energy and Capital reported earlier on Lynas Corp. Ltd. (LYSDY), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Listed on the OTCQX International, Lynas Corp. Ltd., together with their subsidiaries, engages in the exploration and development of rare earths deposits and mineral resources. The Company’s strategy is to create a reliable, fully integrated source of Rare Earths from mine through to market, and to become the benchmark for the security of supply and environmental standards in the worldwide Rare Earths industry. Lynas has their head office in Sydney, Australia.
The foundation of the Company’s strategy is Mount Weld in Western Australia, the richest known deposit of Rare Earths in the world, and a state-of-the-art Rare Earths processing plant, the Lynas Advanced Materials Plant (LAMP), currently under construction near Kuantan in Pahang, Malaysia. Lynas holds interest in the Mount Weld project, which includes rare earths oxide deposits located to the south of Laverton, Western Australia.
A bankable feasibility study, including pilot plants, was completed on the Rare Earths deposit at Mount Weld. The first mining campaign was completed on time and on budget. Lynas has completed construction of the Mount Weld Concentration Plant and first crushed ore was fed to the ball mill of the Concentration Plant on May 14, 2011. More than 13,000 dry tonnes of concentrate containing more than 4,800 tonnes of REO were bagged ready for export as at the end of June 2012.
The Company is also involved in the planning, design, and construction of the aforementioned advanced materials processing plant for the production and distribution of rare earth oxides in Malaysia. In addition, Lynas has a strategic alliance with Sojitz Corp. for the Lynas Rare Earths project.
Construction of Phase 1 of the LAMP has been completed. Advanced completion of the pre-commissioning test packs (99 percent complete as at June 2012) has enabled 77 out of 85 systems to be handed over for commissioning. The site construction workforce at the end of June stood at 289 completing miscellaneous site works and providing support for commissioning activities.
In June, Lynas provided an update in relation to the area of the Mount Weld Mineral Resource known as the Duncan Deposit. The Duncan deposit is located immediately to the east and south of the Central Lanthanide Deposit (CLD) at Mount Weld. The Duncan Deposit is a shallow deposit that could be exploited using open cut mining methods. Lynas has now completed a scoping study in respect of the Duncan Deposit.
Lynas Corp. Ltd. (LYSDY), closed on Monday at $0.71, down 2.87%, on 172,390 volume with 49 trades. The average volume for the last 60 days is 94,323. The 52-week low/high is $0.75/$2.01.
Minco Gold Corp. (MGH)
SmarTrend Newsletters reported earlier on Minco Gold Corp. (MGH), SmallCap Fortunes did as well, and today we highlight the Company, here at the QualityStocks Daily Newsletter.
Minco Gold Corp. is a mining company engaged in the direct acquisition and development of high-grade, advanced stage gold properties. The Company owns an exploration property portfolio covering over 1,000 square kilometers of mineral rights in the People’s Republic of China. Minco Gold currently owns 16 gold properties covering this area of mineral rights in China. The Company has their headquarters in Vancouver, British Columbia.
Minco Gold's subsidiary is Minco Mining (China) Co., Ltd. This subsidiary underwent incorporation in China for the purposes of managing the Company's projects in China, enhancing the Company's management team in China, and expanding upon certain mining activities (such as staking) in China.
Minco has multi-property drilling and field evaluation planned or underway. The Company has strong relationships with premier Chinese mining organizations. Minco Gold is well funded; they have experienced management teams in Canada and China. In addition, the Company has strong operating expertise and a large geological database.
This past April, Minco Gold announced the start of the planned exploration program for their 100 percent owned Longnan Project located in Gansu Province, China. The Company has successfully maintained twelve exploration permits in the South of Gansu province, collectively referred to as the Longnan project. They are intensifying exploration activity because of progress made through the 2010 and 2011 exploration programs, which defined multiple drill targets at Shajinba and Baimashi in the Yejiaba area. Minco Gold's 2012 exploration program will mainly focus on the Yejiaba area of the Longnan Project. The exploration program will include surface trenching and sampling, approximately 3,000 meters of diamond drilling in eight holes, and 3,000 meters of underground tunneling.
Minco Gold’s short term goals are to bring primary projects to feasibility, and seek out new acquisitions. Their long term goal is to become a significant gold producer and exploration partner in China.
Minco Gold Corp. (MGH), closed on Monday at $0.45, down 0.33%, on 75,008 volume with 89 trades. The average volume for the last 60 days is 44,851. The 52-week low/high is $0.33/$1.39.
Socket Mobile, Inc. (SCKT)
FeedBlitz, DrStockPick, PennyOmega, CRWEFinance, PennyToBuck, BestOtc, CRWEPicks, CRWEWallStreet, and StockHotTips reported earlier on Socket Mobile, Inc. (SCKT), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Trading on the OTCQB, Socket Mobile, Inc. is a provider of mobile productivity solutions. The Company is a producer of mobile handheld computers and data collection products serving the business mobility markets and designed for the mobile worker. Socket Mobile has 20 years of experience in the Automatic Identification and Data Capture (AIDC) market. The design of the Company’s products is to run or enhance mobile applications that enable the accessing, collection and processing of data by workers while mobile. Founded in 1992, the Company has their corporate headquarters in Newark, California.
Socket Mobile offers a family of general purpose handheld computer products running the Windows Mobile operating system. They also offer a broad spectrum of data collection products including two dimensional (2D) and linear (1D) bar code scanners, Radio Frequency Identification (RFID) readers, and magnetic stripe readers. In addition, they offer wearable ring scanners, customized versions of their handheld computers, embedded wireless LAN cards, and Bluetooth modules as original equipment manufacturer (OEM) products to third party companies.
Their companion plug-in data collection products work with their handheld computers. Their cordless handheld barcode scanners work with many third-party mobile handheld devices including smartphones, tablet computers, ultra-mobile personal computers (UMPCs), notebooks and desktop systems, adding data collection capabilities to these devices.
The design of Socket Mobile’s 2D (imager) and 1D (linear) barcode scanners is to work with a broad array of Smartphones and tablets running Apple iOS, Google Android, RIM BlackBerry and Microsoft Windows/Windows Mobile operating systems. The Company’s mobile computing products use popular Bluetooth and wireless LAN connection technologies using management software Socket Mobile developed for simplicity of use.
Today, Socket Mobile announced that CBORD® recommends the Socket SoMo® handheld computer for use with their CS Pocket Reader, Troubadour™ card reader, and NetHIMS™ integrated solutions for colleges and universities. The CS Pocket Reader and Troubadour card reader enable college and university personnel to handle sales and privilege verification transactions while at outdoor and athletic events. The SoMo is enhanced with a Socket plug-in CompactFlash card reader, allowing purchases and real-time balance lookups with the swipe of the student's ID card. CBORD® is a leading provider of food and nutrition management, cashless card, and access control solutions.
Socket Mobile, Inc. (SCKT), closed on Monday at $1.45, up 51.04%, on 18,533 volume with 20 trades. The average volume for the last 60 days is 3,997. The 52-week low/high is $0.99/$1.50.
South American Gold Corp. (SAGD)
OTCPicks reported earlier on South American Gold Corp. (SAGD), OTC Stock Review did previously, and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
South American Gold Corp. is an exploration mining company whose shares trade on the OTCQB. The Company focuses on the discovery, acquisition, exploration and development of gold and silver deposits in North and South America. Their corporate strategy is to acquire a pipeline of mining prospects in historic mining districts to explore, develop or joint venture, with an objective of establishing commercial production. South American Gold is based in Richmond, Indiana, and they have an office in Copacabana, Antioquia, Colombia.
In the last ten months, South American Gold has acquired mining prospects in Arizona, Nevada, and Montana. The Company continues to consider projects in Colombia, Mexico and other regions. Their strategy is to target historic Gold and Silver mining districts that they consider underexplored. They are focusing on acquiring, exploring, and developing properties that they believe offer larger scale open-pit or higher grade underground mining potential, and consolidating mining districts via acquisitions and joint-ventures.
In Colombia, the Company has focused so far on the Narino Department in the south of the country. At present, they are conducting an internal assessment of focusing on the processing side of established or prospective gold projects in Colombia with a particular emphasis on Narino.
In Arizona, South American Gold acquired one and leased nine unpatented mining claims covering approximately 200 acres of a prospective gold project located in the historic Canyon City Mining District of Yavapai County in Arizona. The Company has also acquired an interest in the Lucky Boy project in Mineral County Nevada. The Lucky Boy Project area is approximately 4.5 miles southwest of Hawthorne, Nevada (the county seat of Mineral County) on the east flank of the Wassuk Range.
This month, South American Gold announced that they signed a binding Memorandum Of Understanding (MOU) to lease, with an option to purchase, the Baltimore Silver mine, a former producing silver mine in western Montana.
The Baltimore Silver Mine is a former producing silver mine in an historic mining district located on private land in Jefferson County, Montana, at an elevation of approximately 5,800 feet above sea level.
South American Gold Corp. (SAGD), closed on Monday at $0.008, up 200.00%, on 32,610,270 volume with 432 trades. The average volume for the last 60 days is 599,425. The 52-week low/high is $0.001/$0.30.
Rio Bravo Oil, Inc. (RIOB)
Today we are reporting on Rio Bravo Oil, Inc. (RIOB), here at the QualityStocks Daily Newsletter.
Rio Bravo Oil, Inc. is an exploration stage company with a strategic focus on the development of proved undeveloped reservoirs, and the expansion of fields through unconventional methods and resource development. They engage in the acquisition, exploration, and development of oil and natural gas properties in the U.S. The Company formerly went by the name Soton Holdings Group, Inc. They changed their name to Rio Bravo Oil, Inc. on January 26, 2012. Rio Bravo Oil has their headquarters in Houston, Texas.
The Company is focusing on developing conventional and unconventional oil fields onshore in the United States. The Company currently maintains a leasehold position in the Luling Edwards trend including positions in the Luling Banyon, and Salt Flat Fields in Guadalupe County, and Caldwell County Texas. Their leasehold position in the Salt Flat and Luling Branyon field has positioned Rio Bravo Oil to expand through focused drilling in a productive environment.
In February of this year, Rio Bravo Oil announced that on February 13, 2012, the Company acquired Pan American Oil Company, LLC in exchange for the issuance of 5,500,000 shares of the Company's Series A Convertible Redeemable Preferred Stock and the assumption of approximately $3,000,000 of Pan American liabilities.
With this transaction, Pan American became a wholly-owned subsidiary of Rio Bravo Oil.
The transaction was the first step in the execution of Rio Bravo’s strategy to acquire interests in the oil and gas industry. Pan American had up until this time aggregated certain oil and gas working interests and assets and has a proportionate interest in certain oil field equipment and improvements.
As part of the Pan American transaction, Rio Bravo Oil acquired the aggregation through various purchases of a minimum of 63.5 percent working interest in the Luling Edwards Fields. The Company also acquired an option to purchase a 15 percent working interest in the Bateman field. Each interest is subject to a 20 percent carried interest in favor of a third party. The Pan American transaction is the first in a series of acquisitions of oil and gas working interests planned by the Company.
Rio Bravo Oil, Inc. (RIOB), closed on Monday at $0.85, even with yesterday's close, on 2,500 volume with 2 trades. The average volume for the last 60 days is 2,178. The 52-week low/high is $0.75/$1.07.
Longhai Steel, Inc. (LGHS)
The QualityStocks Daily Newsletter would like to spotlight Longhai Steel, Inc. (LGHS). Today, Longhai Steel, Inc. closed trading at $1.43, up 3.62%, on 21,750 volume with 27 trades. The stock’s average daily volume over the past 60 days is 12,035, and its 52-week low/high is $0.15/$5.00.
Longhai Steel Inc. offered markets a transcript of the company’s Q2 2012 earnings conference call today. Executive VP of LGHS, Steven Ross, showcased signs of such positive operational robustness as a 34% increase in gross profits to $4.8M, with a comparable increase in EPS of 32%.
Longhai Steel, Inc. (LGHS) is a leading producer of high-quality steel wire in eastern China, with annual capacity of 1.5 million metric tons. Longhai's wire is manufactured into screws, nails, and wire mesh used for fencing and to reinforce concrete. Longhai recently expanded its production facility to include specialized applications such as steel wire rope, steel strand, steel belted radial tires, and steel welding rod. Longhai Steel is headquartered in Xingtai, Hebei province, the People's Republic of China.
The company's competitive advantages are its advanced production equipment and process technology, high product quality, expedited production, and close proximity to distributors and end users. Longhai Steel recently opened a second production line, which increases its overall capacity by 67% and expands its product portfolio into higher quality steel wire for specialized applications such as steel wire rope, steel strand, steel belted radial tires, and steel welding rod.
Longhai Steel's growth strategy includes capitalizing on government actions aimed at encouraging industry consolidation via the acquisition of neighboring producers at attractive valuations. The company also plans to grow organically through capacity expansion, broadening its product portfolio, improving operating efficiencies, and continued expansion of technical expertise.
China is the world's largest producer and consumer of steel and steel wires. Demand for steel products is primarily driven by spending in the construction, automotive, and infrastructure industries in China. Continued economic development in Hebei, one of the largest steel manufacturing regions in China, and neighboring provinces, and further buildout of tier 3-6 cities in China, provide tremendous medium and long term opportunities for Longhai Steel. Disclaimer
Longhai Steel, Inc. Company Blog
Longhai Steel, Inc. News:
Longhai Steel Provides Q2 2012 Earnings Call Transcript; Gross Profit Up 34%, EPS up 32%
Longhai Steel Announces Strong Second Quarter 2012 Operating Results
Longhai Steel Hosts Q2 2012 Financial Results Conference Call, August 16
Duma Energy Corp. (DUMA)
The QualityStocks Daily Newsletter would like to spotlight Duma Energy Corp. (DUMA). Today, Duma Energy Corp. closed trading at $1.51, up 2.03%, on 340 volume with 2 trades. The stock’s average daily volume over the past 60 days is 7,806, and its 52-week low/high is $1.10/$4.00.
Duma Energy Corp. (DUMA) is an aggressive growth company actively producing oil and gas in the domestic United States, both on and offshore. Leveraging its technical expertise, promising portfolio, and strong financial condition, the company plans to utilize domestic revenues and cash flow to fund its rapid growth through acquisition, while participating in transformational projects with the potential of providing exponential returns for shareholders.
The company's primary goal for fiscal year 2012 and beyond is to drive earnings growth. The company also aims to pursue listing on major exchange(s) to provide better visibility and liquidity to shareholders and financial partners. Already producing and generating revenue from oil and gas in Texas, Illinois, and Louisiana, Duma projects domestic production to exceed 1,000 barrels of oil equivalent per day (boepd) by the end of 2012; with 2,500 boepd projected by the end of 2013.
Duma was founded in 2005 and began trading on the OTCBB in 2009 via registration. In 2006, the company began producing from its first properties in Texas and soon after added production in Louisiana. In 2009, its new CEO Jeremy G. Driver came on board. Within one year, Mr. Driver had identified and negotiated an acquisition that would fundamentally reshape the company. This acquisition was made possible by the large direct cash investment by Mr. Driver and his family, as well as other investors.
The company uses only industry standard and time-tested technologies, and avoids unproven "resource plays" and other opportunities that are heavily dependent upon high commodity prices. Not bound by any geographical location or operational strategy, Duma's management team is focused on developing its existing portfolio while pursuing additional opportunities that provide rapid growth, leveraging growing revenue, cash flow, and reserves to accelerate its growth strategy. Disclaimer
Duma Energy Corp. Company Blog
Duma Energy Corp. News:
Duma Energy Acquires Interest in 5.3 Million-Acre African Concession
Duma Energy Enters Final Stage of Negotiations for African Concession
Duma Energy Provides Third Quarter Results and Demonstrates Positive Earnings
USA Recycling Industries, Inc. (USRI)
The QualityStocks Daily Newsletter would like to spotlight USA Recycling Industries, Inc. (USRI). Today, USA Recycling Industries, Inc. closed trading at $0.06, even with yesterday's close. The stock’s average daily volume over the past 60 days is 13,138, and its 52-week low/high is $0.03/$0.14.
USA Recycling Industries, Inc. (USRI) is a mid-market recyclable waste collection & disposal service, providing specialty recycling programs to commercial & industrial customers throughout North America. Operating through multiple company-owned & partnership recycling centers, the company primarily targets growth opportunities in the $75 billion global scrap metals market.
USA Recycling has operated since its inception in 2000, and its largest operating subsidiary, Scrap USA, since 2007 has been focused on and successful in servicing the automotive service center industry. It currently provides specialty recycling programs to more than 5,000 automotive service center locations operated by some of the most recognizable names in that retail category.
With a well-established national footprint, the company is now integrating other ancillary services such as the collection & disposal of other recyclable waste streams. USA Recycling has also opened the door to franchising opportunities and recently signed a proprietary revenue sharing agreement with Recycling Franchisors, Inc. Other initiatives to drive growth and boost prominence include the launch of a new website and relocation of executive offices.
USA Recycling has successfully contracted automotive waste-generators for collection & disposal services, selling the processed recyclable materials to end-user-consumers through the company's trading operations with offices in North America, India, and the United Arab Emirates. The company's primary aim is to maximize shareholder value while providing the highest level of quality waste collection & disposal services to its customers, ensuring its collected debris remain free of any U.S. landfills. Disclaimer
USA Recycling Industries, Inc. Company Blog
USA Recycling Industries, Inc. News:
USA Recycling Industries to Provide Scrap Metal Collection Services to ThyssenKrupp Elevator Americas
USA Recycling Industries Enters Oil Filter Collection and Disposal Services Agreement With Redwood Recycling
USA Recycling Industries Signs Letter of Intent to Expand Used Oil Filter Recycling Operations
International Stem Cell Corp. (ISCO)
The QualityStocks Daily Newsletter would like to spotlight International Stem Cell Corp. (ISCO). Today, International Stem Cell Corp. closed trading at $0.26, off by 3.70%, on 95,100 volume with 35 trades. The stock’s average daily volume over the past 60 days is 26,866, and its 52-week low/high is $0.21/$1.00.
International Stem Cell Corp. (ISCO) specializes in the therapeutic applications of human parthenogenetic stem cells (hpSCs) and the development and commercialization of cell-based research and cosmetic products. The company was first to perfect the natural phenomenon of parthenogenesis, which utilizes unfertilized human eggs to create hpSCs. These stem cells, created in a particular form called HLA homozygous, can be immune-matched to millions of people regardless of sex or racial background, with minimal expectation of immune rejection after transplantation.
hpSCs are as pluripotent as embryonic stem cells (ESCs) and have significant therapeutic potential but their creation does not involve the destruction of a viable human embryo – thus sidestepping the controversy and ethical dilemmas associated with the use of human embryonic stem cells. Different from induced pluripotent stem cells (iPSs), hpSCs do not involve manipulation of gene expression back to a less differentiated stage – a practice that may become a safety or regulatory obstacle in clinical applications.
A relatively small number of hpSC lines can offer the potential of producing the first true stem cell bank, UniStemCell, which ISCO intends to create as a means of serving populations across the globe. The company's scientists are currently focused on using hpSC to treat severe diseases of the eye, nervous system, and liver, for which cell therapy has been clinically proven but is limited due to the unavailability of safe human cells.
In addition to its therapeutic focus, ISCO also provides two revenue streams. Firstly through its subsidiary Lifeline Cell Technology, specialized cells and growth media for biological research around the world, and secondly its subsidiary Lifeline Skin Care, the company manufactures and sells anti-aging skincare products utilizing an extract from the hpSC and by leveraging the latest discoveries in the fields of stem cell biology, nanotechnology, and skin cream formulation technology. Disclaimer
International Stem Cell Corp. Company Blog
International Stem Cell Corp. News:
International Stem Cell Corp Announces World-Renowned Scientists Join as Advisors on Parkinson's Disease Program
International Stem Cell Corporation to Host Second Quarter 2012 Financial Results Conference Call August 10
International Stem Cell Corporation's Co-Chairman and CEO Andrey Semechkin PhD Publishes Letter to Shareholders
Longhai Steel, a leading producer of high-quality steel wire in eastern China with annual capacity of 1.5 million metric tons, today provided the transcript for its second quarter 2012 earnings conference call. The entire transcript is presented below.
Operator: Good day ladies and gentlemen. Thank you for standing by. Welcome to the Longhai Steel’s Second quarter 2012 Earnings call. Joining us today for Longhai Steel’s Second quarter 2012 Earnings conference call is the Company’s Executive Vice President, Mr. Steven Ross. Mr. Ross will review and comment on financial and operational results for the second quarter 2012.
I’d like to remind our listeners that on this call, prepared remarks may contain forward-looking statements which are subject to risks and uncertainties, and that management may make additional statements in response to your questions; therefore, the Company claims the protection from the Safe Harbor for forward-looking statements that is contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements related to the business of Longhai Steel and its subsidiaries can be identified by common use forward-looking terminology, and those statements involve unknown risks and uncertainties including all business-related risks that are more detailed in the Company’s filings on Form 10-K, 10-Q, and 8-K with the SEC.
A playback of the call will be available until 9:00 am ET on August 30, 2012. To listen, call 1-877-344-7529 within the United States or 1-412-317-0088 when calling internationally. Please use the replay pin number 10017460.
At this time, I’d like to turn the call over to Steven Ross, Executive Vice President of the Company, and he’ll provide opening remarks. Steve, the floor is yours.
Steven Ross: Good morning and thank you for joining us for Longhai Steel’s second quarter 2012 Earnings conference call. Before I discussed our results for the second quarter, I’d like to provide a brief overview of our company for investors who are new to the Longhai Steel story.
Headquartered in Xingtai, Hebei province in the People’s Republic of China, Longhai steel is a leading producer of high-quality steel wire, with annual capacity of 1.5 million metric tons. Longhai’s wires are manufactured into screws, nails, and wire mesh used for fencing and to reinforce concrete. We recently expanded our production facility to include specialized applications such as steel wire rope, steel strand, steel belted radial tires, and steel welding rod.
We are able to compete effectively against domestic steel wire manufacturers and exporters due to our advanced production equipment and process technology, high product quality, expedited production capabilities, and close proximity to distributors and end users. We recently opened a second production line, which increased our overall capacity by 67%. Equally important, the new state-of-the-art product line expands our product portfolio into higher quality steel wire for specialized applications such as steel wire rope, steel strand, steel belted radial tires, and steel welding rods.
Our growth strategy focuses on organic growth through capacity expansion, product diversification, operational efficiencies and expansion of our technical expertise. Additionally, we intend to capitalize on policies by the Chinese government to further consolidate the industry through accretive acquisitions of competitors in Hebei and surrounding provinces.
Now that you have a better understanding of our core competencies and growth strategies, I will go right into our second quarter results.
Our record second quarter results reflect strong demand for our products and continued benefits from our expanded capacity. We achieved record shipment volumes for a second consecutive quarter while our total sales volumes for the first six months of 2012 increased by approximately 13% to 538,011 MT.
Looking at the second quarter income statement items in greater detail, net revenues came in at $160.5 million, down 3% from $165.7 million a year ago. We sold 295,635 MT of steel compared to 267,938 MT in the second quarter of 2011. Higher sales volumes were offset by lower prices.
Gross profit increased 34% to $4.8 million, while gross margin increased by 90 basis points to 3.0%. We achieved higher gross margins due to an increase in the spread between still wire prices and steel billet prices. Steel billet accounts for over 95% of our cost of goods.
Selling, general and administrative expenses for the three months ended June 30, 2012 were $1.1 million, up from $0.3 million in the year-ago quarter. Operating income increased 13.3% to $3.7 million, with an operating margin of 2.3%.
We reported a net income attributable to common shareholders of $2.4 million, an increase of 32%. EPS was $0.22 compared to $0.18 in last year’s second quarter. Our weighted average shares outstanding were 10.7 million shares.
Our balance sheet was in great shape at the end of the second quarter. We had $18 million of cash and cash equivalents and $9.5 million of banker’s acceptance outstanding at June 30, 2012. We generated $4.6 million of cash flow from operations in the first six months of 2012 and raised $1.2 million of gross proceeds through an equity financing in the second quarter of this year. We have sufficient capital to fund our growth for the foreseeable future.
I’ll summarize the key financial highlights for the first half of 2012 before closing with a few business updates. Please note that all of the comparisons are year-over-year versus the first half of 2011.
– Sales increased 1.5% to $296.3 million
– Gross profit increased 37% to $10.3 million; gross margin was 3.5% vs. 2.6% in 1H 2011
– Net income and EPS were $5.1 million and $0.49, up 37% and 32%, respectively
We made further progress in our operations during the second quarter. Staring at the end of the second quarter, we commenced initial production of high quality steel wire in our second production facility. The state-of-the-art facility has a high-speed production line capable of producing a wide variety of conventional and higher value steel wire used in a variety of specialized applications. We have received positive feedback from customers in Hebei, selling all of our initial production. We expect to ramp production of high quality steel wire to full capacity by the end of 2012.
As I commented at the beginning of this call, we expect the additions of these new products to expand our product offering and generated higher margins. We are extremely pleased that we were able to get this line up and running on time and on budget.
That concludes my prepared remarks. On behalf of the entire Longhai Steel management team, we want to thank you for your interest and participation in this call. We have a lot of positive momentum, and we are confident that the long-term dynamics driving demand for steel wire products in China will provide a positive backdrop for our business.
For comprehensive investor relations material, including fact sheets, research reports, presentations and video, please visit: www.LonghaiSteelInc.com
China-based Biostar Pharmaceuticals, through its wholly-owned subsidiary and controlled affiliate in China, develops, manufactures, and markets pharmaceutical and health supplement products for a variety of diseases and conditions. Its most popular product – Xin Aoxing Oleanolic Acid Capsule – is used to treat chronic hepatitus B, which affects approximately 10 percent of the Chinese population.
The company announced today that its Zushima Analgesic Spray pain relief drug has received the “Army New Drug Certificate,” which is registered with Chinese military authorities as “Military Medicine Certificate #Z2012002.” Zushima spray was developed jointly with the Lanzhou Military Institute of Drugs and Instruments specifically for the military to relieve pain and topical swelling, as well as joint pains due to rheumatic conditions, and to improve blood flow near affected areas.
Zushima spray has been part of the military research and development program since June 2006 and it entered clinical trials in 2008. The clinical trials were completed in 2010, and the pain relief drug was given approval by the General Logisitcs Department of China’s Ministry of Health on April 15, 2011. Finally, last month Zushina spray received certification from the People’s Liberation Army General Logistics Department.
Biostar finished the construction of a dedicated plant and production line for Zushima in May 2012, with the testing of all equipment completed in July of this year. Final approval to begin production is expected shortly. Zushima spray will initially be sold in military hospitals and is expected to generate between $4 million – $5 million in revenues in 2013. Biostar also plans to expand its growth opportunity by seeking approval to sell Zushima nationally in non-military locations.
For additional information about Biostar Pharmaceuticals and its entire product line, please visit the company’s website at www.biostarpharmaceuticals.com
Response Biomedical, based in Vancouver, British Columbia, recently announced plans to implement a consolidation of the issued and outstanding common shares. The board of directors has decided to proceed with the Consolidation, with every twenty Common Shares being consolidated into one Common Share. The Toronto Stock Exchange has conditionally approved the decision, with the anticipated consolidation to be effective on September 24, 2012; post-consolidation shares will trade on September 26, 2012.
The consolidation will affect all outstanding common shares, stock options, and warrants as of the effective date. The company’s stock symbol will not change but the post-Consolidation common shares will be represented by a new CUSIP. All registered shareholders will be required to send their share certificates representing pre-Consolidation Common Shares, along with a properly executed letter of transmittal, to the company’s registrar and transfer agent and will receive in exchange new certificates representing their post-Consolidation Common Shares. No fractional Common Shares will be issued pursuant to the Consolidation and shareholders will not receive cash in lieu of fractional Common Shares resulting from the Consolidation.
Response Biomedical manufactures and markets rapid on-site diagnostic tests for use with its RAMP® platform for clinical and environmental applications. RAMP® is a portable scanning fluorescence quantitative analysis platform for near patient testing that provides rapid and robust results. RAMP® clinical tests are commercially available for the early detection of heart attack and congestive heart failure through commercial partners and distributors. Non-clinical tests include detection of West Nile Virus, as well as Biodefense applications including the rapid on-site detection of anthrax, smallpox, ricin, and botulinum toxin.
For further information, visit the company’s Web site at www.responsebio.com
Medical device company InspireMD today announced positive results from a multi-center randomized trial of its MGuard™ embolic protection stent technology used for emergency treatment of patients suffering from heart attacks.
The company will present detailed results from the MASTER trial at the upcoming Transcatheter Cardiovascular Therapeutics (TCT) meeting in Miami in October.
Ofir Paz, InspireMD’s CEO, said the results signify a “key milestone” in the company’s history; the company pointed out that stents for heart attack patients are expected to make up $1.8 billion of stent sales, or nearly 30 percent of the $5.9 billion global stent market.
The MASTER (MGuard forAcute ST Elevation Reperfusion) compared MGuard to commercially approved bare metal or drug-eluting stents. The trial enrolled 433 patients in nine countries.
The MGuard embolic protection stent is a coronary stent integrated with a proprietary micronet technology, which is designed to hold plaque and thrombus in place against the blocked artery’s wall, thereby preventing debris from entering the bloodstream.
The company said that plans for a U.S. FDA registration trial are underway, and that it expects to commence patient enrollment by year end.
MGuard is already CE Mark approved.
For more information visit www.inspire-md.com
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