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Nevsun Resources Ltd. (NSU)

SmallCap Voice, Streetwise Reports, and Greenbackers reported earlier on Nevsun Resources Ltd. (NSU), and we choose to highlight the Company, here at the QualityStocks Daily Newsletter.

Trading on the NYSE Amex, Nevsun Resources Ltd. is a gold and base metal developer that has their headquarters in Vancouver, British Columbia. The Company is focusing on the rapid completion and production of the Bisha Mine in Eritrea, Africa. The Bisha Project is a fully financed and permitted high-grade gold, copper, and zinc deposit with operations to commence late this year.

The Bisha Mine will be a low-cost gold producer for the first two years. It will be a low-cost, high-grade copper and zinc producer for the remaining 10-year mine life. Further resource potential exists at depth and from nearby discoveries within Nevsun Resources Ltd.'s licensed areas.

The Bisha Project is a large precious and base metal-rich volcanogenic massive sulphide (VMS) deposit. It is 150 kilometers west of Asmara, Eritrea, East Africa. Deposit mineralization consists of gold and silver oxides, in addition to copper and zinc massive sulphides. Bisha's mining and exploration licenses cover a contiguous area of 133.5 km2. The Bisha Main and North West zone are both within the 16.5 km2 mining license. Nevsun Resources Ltd., through their Eritrean subsidiary, Bisha Mining Share Company (BMSC), holds the Licenses.

The Bisha Project has received continuous support from the Eritrean government. The Eritrean government granted Nevsun Resources' mining license in January of 2008. The project has positioning to become the first modern day mine in this NE African country. The projection is that the production will return payable metals of 1.06 Million Oz Gold, 9.4 Million Oz Silver, 734 Million Lb Copper, and 1,075 Million Lb Zinc.

Under existing Eritrean mining legislation, the State of Eritrea has an automatic right to a free carried 10 percent interest. In addition, under an agreement with Nevsun Resources Ltd. they have an additional 30 percent paid participating interest.

On March 25, 2010, Nevsun Resources Ltd. announced their recent financial position and their annual results for 2009. Their cash position at the end of March 2010 was approximately $118 million. For the year ended December 31, 2009, the Company reported a loss of $5.5 million. This compares to 2008 when Nevsun Resources Ltd. reported a loss of $5.7 million, including $2.0 million of income from discontinued operations.

Nevsun Resources Ltd. (NSU) closed Friday's trading session at $3.52 up 16.56 percent. Volume was 3,941,140.

Recon Technology, Ltd. (RCON)

Recently, Hawk Associates reported on Recon Technology, Ltd. (RCON), SmallCap Voice, Greenbackers, Momentum Trades did earlier, and we highlight the Company, here at the QualityStocks Daily Newsletter.

Trading on the NASDAQ Capital Market, Recon Technology, Ltd. provides oilfield services and products to automate and enhance the extraction of petroleum in China. They are a leading Chinese non-state-owned oil field services provider. The Company offers well service, drilling service, production and field service. Their specialized proprietary software and hardware manage the oil extraction process in real-time, which reduces extraction costs. Recon Technology, Ltd. has their headquarters in Beijing, China. Recon is the first Chinese non-state owned Oil and Gas service company to be listed on NASDAQ.

The Company's technology increases efficiency and profitability for petroleum companies. It enables them to monitor, manage and control petroleum extraction, increase the amount of petroleum extracted and reduce impurities in extracted petroleum.

The Company bases their technology on three software copyrights, eight product patents and four pending patents. Recon places a high priority on exploration, design and innovation. Recon also cooperates with the Oilfield Service and Geology Research Laboratory of Nanjing University.

On May 18, 2010, Recon Technology, Ltd. reported financial results for their FY '10 third quarter ended March 31, 2010. Highlights include revenue increasing 111.2 percent to $3.85 million from $1.82 million in Q3 FY '09. Gross profit increased 96.5 percent to $1.72 million for Q3 FY '10 from $0.87 million in Q3 FY '09.

Income from operations rose 75.6 percent to $1.01 million compared with $0.57 million in Q3 FY '09. Net income available for common shareholders was $0.66 million, an increase of 50.1 percent from the same period of 2009.

On June 3, 2010, Recon Technology, Ltd. announced that their wholly owned subsidiary, Jining ENI Energy Technology Co. Ltd. recently signed a new contract valued at US$116,147 (RMB789,800). This is to supply spare parts of turbo expander for Sinopec Northwest Oilfield, only a month after completing an order worth US$0.68 million (RMB4.65 million) to supply high-pressure differential control valves for the same company.

Mr. Hongqi Li, Recon Technology Chief Marketing Officer, said, "The continuous increase of purchase orders from Sinopec Northwest shows that our equipment and services are very competitive in the Chinese oilfield services industry. We have demonstrated our strong capability to serve the increasingly sophisticated demands of our clients."

Recon Technology, Ltd. (RCON) closed Friday's session at $6.30 up 7.03 percent. Volume was 29,795.

HMS Holdings Corp. (HMSY)

The Stock Advisors, Zacks.com, and The Street reported previously on HMS Holdings Corp. (HMSY), and we choose to highlight the Company today, here at the QualityStocks Daily Newsletter.

Trading on the NASDAQ Global Select Market, HMS Holdings Corp. provides cost-recovery services to government health care programs. The Company is the nation's leader in coordination of benefits and program integrity services for healthcare payors. Clients recover more than one billion annually, and save billions of dollars more in erroneous payments because of the Company's services. HMS Holdings Corp. has their headquarters in New York, New York.

HMS helps their clients ensure that healthcare claims are paid correctly and by the responsible party. They also ensure that those enrolled to receive program benefits meet qualifying criteria. The Company focuses exclusively on the healthcare industry. Their services help to make the healthcare system better by improving access, impacting outcomes, containing costs, recovering dollars, and creating efficiencies.

HMS Holdings Corp.'s clients include health and human services programs in more than 40 states; commercial programs, including commercial plans, employers, and over 100 Medicaid managed care plans; the Centers for Medicare and Medicaid Services (CMS); and Veterans Administration facilities. In addition, the Company has a suite of services for self-insured employers.

Last month, the Company announced that they received awarding of a contract by the State of Arkansas Department of Human Services (DHS), Division of Medical Services. This is to provide third party recovery services, including cost avoidance, credit balance audits, post payment recoveries, disallowances and Mass Tort. This contract is for a one-year term, with six additional one-year renewal options. HMS Holdings Corp. has served the state of Arkansas since 1994.

On June 9, 2010, HMS Holdings Corp. announced that they received awarding of a contract by the Employees Retirement System of Texas (ERS). This is to conduct contract and claims auditing of ERS's Pharmacy Benefit Manager (PBM). The audit will cover a range of services, including claims processing, rebate accuracy, and performance guarantees. The audit entails a 100 percent review of ERS prescription claims for State Fiscal Year 2009. The contract extends through August 2013.

HMS Holdings Corp. (HMSY) closed Friday at $55.89 up 3.73 percent. Volume was 234,252.

Lakes Entertainment Inc. (LACO)

Today we are highlighting Lakes Entertainment Inc. (LACO), here at the QualityStocks Daily Newsletter.

Founded in 1998, Lakes Entertainment, Inc. currently has development and management or financing agreements with three separate Tribes for casino operations. Formerly known as Lakes Gaming, Inc., the Company changed their name to Lakes Entertainment, Inc. in 2002. The Company trades on the NASDAQ Global Market and they have their headquarters in Minnesota.

Lakes Entertainment Inc. is currently managing the Four Winds Casino Resort for the Pokagon Band of Potawatomi Indians. They are also managing the Red Hawk Casino for the Shingle Springs Band of Miwok Indians. The Company is also involved in other business activities. This includes the development of new table games for licensing to Tribal and non-Tribal casinos.

Last month, Lakes Entertainment, Inc. announced results for the three months ended April 4, 2010. Net loss for the first quarter of 2010 was $4.7 million, compared to earnings of $1.0 million in the first quarter of 2009, and the loss from operations was less than $0.1 million for each of those quarters. Basic and diluted losses were $0.18 per share for the first quarter of 2010 compared to basic and diluted earnings of $0.04 per share for the first quarter of 2009.

Lakes Entertainment reported first quarter 2010 revenues of $7.0 million, compared to prior-year first quarter revenues of $7.3 million. The decrease was mainly due to new competition that entered the Four Winds Casino Resort market during the third quarter of 2009.

Lyle Berman, Chief Executive Officer of Lakes stated, "Although revenue declined slightly in the first quarter of 2010 compared to the first quarter of 2009, management fees from each of our managed properties met our expectations for the first quarter of 2010. New competition entered the Four Winds Casino Resort market during the third quarter of 2009, which affected Four Winds. However, this property continued to perform well even considering this new competition. At Red Hawk, the prior year period included New Year’s Eve and the property’s grand opening celebration. However, improved operating efficiencies in 2010 helped Red Hawk Casino maintain consistent year-over-year results."

Lakes Entertainment Inc. (LACO) closed Friday's session at $1.65 up 12.24 percent. Volume was 109,771.

Digital Ally Inc. (DGLY)

SmallCap Voice reported earlier on Digital Ally Inc. (DGLY), and we are highlighting the Company today, here at the QualityStocks Daily Newsletter.

Headquartered in Overland Park, Kansas, Digital Ally, Inc. develops, manufactures and markets advanced technology products. These are for law enforcement, homeland security, and commercial security applications. The Company's primary focus is digital video imaging and storage. Digital Ally Inc. trades on the NASDAQ Capital Market.

Digital Ally's main concentration is in the development and application of new concepts. However, the Company also recognizes the value of retrofitting existing installations with cost-effective digital sub-systems. This flexibility allows them to compete in established markets as they simultaneously promote the industry's transition towards advanced technologies. The Company's experience and expertise in integrating electronic, radio, and computer, mechanical and multi-media technologies gives them the means to create unique solutions.

Digital Ally's digital audio/video recording and storage product line consists of an in-car digital audio/video system that is integrated into a rear view mirror, and an all-weather mobile digital audio/video system designed for motorcycle, ATV, and boat uses. Their line up also consists of a miniature body-worn digital audio/video camera, and a digital audio/video system, which is integrated into a law-enforcement style flashlight.

An example of the Company's product line is their Digital In-Car Video System Police Cameras. It uses the latest generation of technology that is so small and advanced that the entire Digital Video System is integrated into a replacement rear view mirror. A user removes the factory rear view mirror and installs the Digital Ally DVM system. The video monitor is behind a high quality "one-way" mirror. In this way, when it is not in use, it's invisible. The unique design of the police camera system allows for easy installation in any make or model of vehicle. It doesn't take up extra space and doesn't interfere with any other equipment in a car.

Last month,  Digital Ally, Inc. announced the planned introduction of their new handheld LaserAlly LIDAR System for vehicle speed detection. LIDAR is an acronym for LIght Detection And Ranging. This technology allows police and other law enforcement officers to pinpoint the speed and direction of a vehicle in single or multi-lane traffic. LIDAR speed detection systems differ from RADAR systems by using light waves, instead of radio waves, to measure speed. They also have a much narrower beam. This allows the operator to identify accurately a speeding vehicle in highly congested traffic.

The  Company's LaserAlly is small, lightweight and well balanced, and it offers several feature enhancements relative to currently available competitive products.

"To insure that Digital Ally's entry into the Speed Enforcement LIDAR market offers the most advanced technology, highest accuracy and best performance, we have partnered with DragonEye Technology, LLC and its President, Scott Patterson," stated Ken McCoy, Vice President of Sales and Marketing at Digital Ally, Inc., who has sold both RADAR and LIDAR systems during his career.

Digital Ally Inc. (DGLY) closed Friday's trading at $2.21 up 3.27 percent. Volume was 19,200.

Cover-All Technologies Inc. (COVR)

We are highlighting Cover-All Technologies Inc. (COVR) here at the QualityStocks Daily Newsletter.

Headquartered in Fairfield, New Jersey, Cover-All Technologies Inc. provides insurance professionals with dynamic web-based platforms for managing business. The Company designed their solutions to help property and casualty insurance professionals deliver products to market faster, enhance quality, increase productivity, and reduce costs. They offer their clients custom solutions, or ones that work off-the-shelf. They also offer their technical and insurance expertise. Cover-All Technologies Inc. trades on the OTC Bulletin Board.

The Company's Platform is My Insurance Center™ (MIC). This is a web-based solution that provides real-time management and support for both carriers and agencies. This is through a "horizontally" scalable platform that allows a user to add or remove capabilities as conditions warrant. MIC, 100 percent web-based, allows a user to enable or disable business capabilities for their MGAs, Program Administrators, Independent Agents, Reinsurers, TPAs, and other affiliates.

MIC supports the entire policy life cycle, from customer to reinsurance. It has capabilities in the areas of policy administration, business analytics, rating and issuance, automated workflow, underwriting, document generation, billing, business and statutory reporting, and regulatory compliance.

For Support Services, Cover-All Technologies Inc. provides Bureau Update Services. The Company provides full support for all NCCI and ISO updates as they take place. They work to accommodate each customer's timing of acceptance or rejection of changes in filings. Their MIC supports the individually filed rates; loss cost modifiers, and company deviations critical to each of their customers' unique competitive advantage.

For Technical Support Cover-All designed their Service Support Center (SSC) to meet the specific needs of their customers. The staffing of the SSC is by knowledgeable analysts with extensive industry experience. This is to provide prompt and effective solutions through phone consultation as well as remote diagnostics. Experienced project managers and systems engineers back SSC personnel. The Company delivers general maintenance releases. In addition, they release on a regular basis software updates that deliver additional or improved functionality.

In April of this year, Cover-All Technologies Inc. announced the acquisition of Moore Stephens Business Solutions LLC (MSBS). MSBS is a provider of business intelligence and advanced analytics solutions to the insurance industry. They have their base in New York, New York. Cover-All, through their wholly owned subsidiary, Cover-All Systems, Inc., acquired substantially all of MSBS's assets (excluding working capital) for an aggregate purchase price of $2,450,000, with no assumed indebtedness.

Today, Cover-All Technologies Inc. (COVR) closed at $1.60 up 1.27 percent. Volume was 9,900.

Yippy, Inc. (YIPI)

Investinginstockmarket.net reported last week on Yippy, Inc. (YIPI), and we highlight the Company today, here at the QualityStocks Daily Newsletter.

Yippy, Inc., formerly known as Cinnabar Ventures, Inc., is a new economy technology company. They develop technologies and application services environments for both Consumer and Commercial market segments in the cloud-computing sector. Yippy, Inc. trades on the OTC Bulletin Board. The Company has their headquarters in Fort Myers, Florida.

The Company's products and services are for those who want a protected place in which to conduct computing and online activities through the .yippy VPN grid. Yippy is hardware mated to dynamic software sets through a worldwide LAN. This is through using a virtual ubiquitously connected web-based operating system.

Yippy, Inc. focuses on clean and innovative web development programs. This is for all types of web activities. Yippy is foremost the world's first fully functioning virtual computer. A cloud-based worldwide LAN, they have turned every computer into a terminal for itself. It is one-stop shopping for the web surfing needs of the average consumer. Yippy is an all-inclusive media giant that incorporates television, gaming, news, movies, social networking, streaming radio, office applications, shopping, and more.

Yippy's basis is on "skinny" code architecture. It combines clean scripting with databasing for one-time object loads and one-time dynamic page loads. The Company's site is fully SEO compliant, and constructed in scripts, which translate well for cross-browser and cross-platform applications.

Yippy runs from a home computer. However, it will also run from a mobile device without losing function or quality. The design of Yippy was from the ground up with a user's mobile device in mind.

Today, Yippy, Inc. announced that Paul H. Gil, the About.com Guide to Internet for Beginners, has ranked the Yippy search engine a leading search engine of 2010.

"We are proud to be recognized by Paul Gil of About.com for our hard work in delivering a family friendly web portal," said Richard Granville, CEO, Yippy, Inc. "By working together with Pittsburgh-based Vivisimo, Inc., we are offering the most viable option for parents by helping families maintain a higher level of suitable content delivery. The Vivisimo and Yippy teams are working overtime to deliver the best possible product for our loyal users."

Yippy, Inc. (YIPI) closed Friday's trading session at $2.05 for no change. Volume was 188,050.

American Energy Fields, Inc. (AEFI)

Today, Contrarian Press reported on American Energy Fields, Inc. (AEFI), Hot OTC, Cool Penny Stocks, and Stock Rich did earlier, and we highlight the Company as well, here at the QualityStocks Daily Newsletter.

American Energy Fields is a resource company that trades on the OTCBB. They focus on exploring and developing the natural energy resources of the United States. The Company's corporate strength lies in their management's experience in the finance and natural resource sectors. American Energy Fields, Inc. has their headquarters in Arizona.

The Company has one of the most prolific mining databases for energy related projects within the U.S.  Using this database, they will target and acquire projects with previous production and/or exploration and work towards fully developing those projects to drive revenues and build core reserves.

Last month, American Energy Fields, Inc. reported that they submitted an offer to Concentric Energy to purchase the Anderson Mine in Yavapai County, Arizona. On April 27, 2010, the Company announced that they acquired the Artillery Peak uranium project. The Company's historic records indicate 1.7 million pounds of uranium was previously identified through exploration. The property consists of 1,777 acres of Federal land and is 112 miles Northeast of Phoenix, Arizona. Earlier in April, they announced that they acquired the 4,180-acre Coso uranium project and the 1,320-acre Blythe uranium project in the mining districts of Inyo and Riverside Counties, California, respectively.

On June 3, 2010, American Energy Fields, Inc. announced that the California State Land Department issued an exploration permit covering 800-leased acres for the Company's Coso uranium project. The Company will begin a preliminary exploration program. This is to further the uranium trend identified through the work completed by Western Nuclear, Pioneer Resources, Federal Resources, and Union Pacific Mining/ Rocky Mountain Energy.

American Energy Fields, Inc. President and CEO, Joshua Bleak, stated, "Receiving this exploration permit is a major milestone for AEFI and our development plans for the Coso project. It is a tremendous endorsement of the quality of our exploration team and the work they are capable of doing. With the bulk of Coso's historic exploration performed on Federal land, we look to expand the resource potential by now beginning a work program on the 800 acres of State leased land. This is another step in the direction of finding, acquiring, and developing natural energy resources in the United States."

American Energy Fields, Inc. (AEFI) closed Friday's trading session at $0.72 up 26.32 percent. Volume was 395,199.

The QualityStocks Company Corner

Consorteum Holdings, Inc. (CSRH)

The QualityStocks Daily Newsletter would like to spotlight Consorteum Holdings, Inc. (CSRH). Today, Consorteum Holdings, Inc. closed trading at $0.0030, which was up 30.43 percent. Their volume today was 42,200 shares.

Consorteum Holdings, Inc. (CSRH) is focused on providing financial services, electronic transaction processing and management services to financial institutions, healthcare, government, public and private sector companies. The company’s services provide customized, innovative technology solutions that create, augment and enhance their clients’ existing financial, payment and transactional processing systems.  

The company offers clients a long-term strategic plan utilizing the most technically advanced global solutions available today. By working with a multitude of global technologies, Consorteum is able to create exceptionally customized programs. This approach enables unparalleled flexibility when sourcing solutions, resulting in smarter, faster deployment of technologies, competitive pricing, and potential for new revenues. 

Consorteum’s strategy is to capitalize on the global opportunities within the growing financial services, payment and transaction processing marketplace. The utilized business model generates revenues on every transaction touched, thus providing long-term, sustainable income. The company has strategically designed its business initiatives to create significant repetitive transactions on an ongoing basis. Additional company revenues are generated from consulting services, project minimums and management fees. 

The company is jointly led by CEO Craig Fielding and President & COO Quent Rickerby. Mr. Fielding brings a wealth of expertise in the payments industry, in both local and international payment processing, along with HR-specific business management expertise, leadership, customer development and acquisition skills. Mr. Rickerby brings over two decades of business management, international and domestic sales experience, new company start-up, payment processing, project management, business development, negotiations, relationship management and strategic company direction.Disclaimer

Consorteum Holdings, Inc. Blog

Consorteum Holdings, Inc. News:

Consorteum Holdings Inc. Announces an Agreement with Rosebank Capital to Raise $1,500,000 for MyGolf Rewards Canada

Consorteum Holdings Inc. Appoints New Vice President of Sales

Consorteum Holdings Inc. Organizes Initiatives for Streamlined Efficiency

National Automation Services, Inc. (NASV) 

The QualityStocks Daily Newsletter would like to spotlight National Automation Services, Inc. (NASV). Today, National Automation Services, Inc. closed trading at $0.10, which was up 11.11 percent. Their volume today was 15,925 shares.  

National Automation Services, Inc. (NASV) is a public holding company focused on designing, engineering, installing and maintaining automated control systems for such business applications as waste water treatment, water treatment, airport security, bottling plants, power plants, metals, mining, breweries, food processing, tire making, textiles, plastics and nearly all production activities.  

Dominant players in the $500 Billion national and international automation controls market include Siemens, Honeywell, Fisher Controls, Johnson Controls and others. In addition to the multi-nationals, it has been estimated that there could be as many as 300 local and regional firms providing automation control services. In general, these companies have an edge on the larger behemoths because they can better respond to the needs of local business and municipalities.  

Unfortunately, for these smaller companies, they compete in a limited market space, have stunted growth prospects and have no way of monetizing their asset value. NAS aims to capitalize on this condition by acquiring and integrating the strongest local and regional players into a new organization that would allow for the synergies and efficiencies of a national company while keeping the competitive advantages of decentralized management and service.  

Of the 300 local and regional automation companies, 42 meet the company’s acquisition criteria; 11 of which have been targeted for acquisition over the next two years. NAS projects year-end 2010 revenues of more than $47 Million and year-end 2011 revenues of over $140 Million predicated on meeting its targeted acquisition schedule. With a solid business plan in place, NAS has a firm foundation to generate strong cash flow and increase shareholder value over the long-term. Disclaimer

National Automotion Services, Inc. Blog

National Automation Services, Inc. News:

National Automation Services, Inc. Operations and Investor Update

National Automation Services, Inc. Secures Equity Financing Commitment for $5 Million

National Automation Services, Inc. Announces an Update on $440,000.00 Contract Award With General Contractors to the City of Glendale for the Oasis Water Campus Central Control Station Project

General Environmental Management Inc. (GEVI)

The QualityStocks Daily Newsletter would like to spotlight General Environmental Management Inc. (GEVI) Today, General Environmental Management Inc. closed trading at $0.09, for no change. Their volume today was 60,000 shares.

General Environmental Management Inc. (GEVI) has shifted its business focus from hazardous waste field services to the fast growing water treatment and waste-to-energy markets. Growing its business organically and developing state-of-the-art systems for operations, sales, compliance, finance, and human resources which can then be deployed at other acquired facilities, the company aims to establish a nationwide network of environmental facilities.

The strategic decision to shift the company’s focus was made after an all inclusive analysis of GEVI's opportunity in the environmental management business. Although the company could have worked through the current economic downturn and built revenue in its field services business, management believed that shareholders would be rewarded by moving the company into the higher margin, faster growing business segments.

Within the U.S. alone, the water industry is a $120 Billion market that is expected to grow at 6-7% over the next year. On a global basis, the industry size exceeds $400 billion annually and increasing with the demands of a growing world population. The global waste-to-energy market, on the other hand, is a $19.9 billion market with expected CAGR of 6.7% over the next five years.

The company’s management team believes that 2010-2011 will be years of enormous growth. GEM’s change of focus is also expected to result in margins up to eight times greater than those of the previous hazardous waste services only model. With a very selective and calculated acquisition strategy in place, GEVI is poised for continued success.


General Environmental Management Inc. Blog

General Environmental Management Inc. News:

General Environmental Management Inc. Announces $.30 EPS with First Quarter 2010 Financial Results

General Environmental Management CEO Provides Shareholders with "State of the Union" Style Communiqué

General Environmental Management Announces New Process to Stimulate Oil Production

NetSol Technologies, Inc. (NTWK)

The QualityStocks Daily Newsletter would like to spotlight NetSol Technologies, Inc. (NTWK). Today, NetSol Technologies, Inc. closed trading at $0.7699, which was down 2.54 percent. Their volume today was 97,186 shares.  

NetSol Technologies, Inc. (NTWK) a worldwide provider of global business services and enterprise application solutions, leverages its BestShoring(TM) practices and highly experienced resources to deliver high-quality, cost-effective solutions. The ir suite of products and services include credit and finance portfolio management systems, hospital/healthcare information management systems (HIMS), SAP consulting and services, custom development, systems integration, and technical services.

NetSol’s commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by less than 100 companies worldwide. These distinctions are a result of adhering to rigorous quality standards, resulting in the delivery of solutions that are secure, reliable, properly planned, and meticulously executed.

Serving the global financial, healthcare, insurance, energy, and technology markets, NetSol has operations, offices, and joint ventures in Adelaide, Bangkok, Beijing, Lahore, London, Riyadh, San Francisco, and San Pedro Sula. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies.

NetSol Technologies, Inc. (NTWK), is well positioned with its core product offerings as it continues to expand into new international market opportunities. Looking forward, the company is very optimistic of its short-term and long-term outlook as it sees strong growth in Asia Pacific as well as the South East Asian markets, while also envisioning unlimited potential for its niche solutions and services in the Americas. Disclaimer

NetSol Technologies, Inc. Blog

NetSol Technologies, Inc. News:

NetSol Technologies' smartOCI(TM) Search Engine Receives SAP Certification

National Automation Services, Inc. Operations and Investor Update

RedChip Visibility Initiates Research Coverage on NetSol Technologies With Strong Buy Rating

Cellceutix Corp. (CTIX) Emerging as Industry Leader with Autism and Multi-Drug Resistant Cancer Compounds

Cellceutix Corporation, based in Beverly, MA, has been receiving a lot of attention recently with the developments of two of their very special compounds. Cellceutix focuses their attention on the development of small molecules for unmet needs in the field of biotechnology. “Unmet needs” can mean a couple different things. One, it can mean that there is no drug on the market today that approaches a treatment for an illness from a certain clinical perspective. Second, it can mean that the present drugs available are becoming ineffective as cells can develop what is referred to as “resistance” to the standard treatments. Remember that cells are capable of regenerating and mutating. Cancer cells, in particular, are extremely adept at developing high levels of resistance making the need for new therapies to be developed to combat the illness.

Cellceutix has identified two large areas with a great need for new, revolutionary drugs. They are developing their compound, KM-391, as a treatment for autism. The Company acquired the rights to KM-391 late in 2009 and has had very promising pre-clinical test results to this point. What makes this the most unique compound being developed for autism today is that it addresses autism at its core. There are plenty of drugs on the market today that treat the symptoms that result from having autism, but there is nothing available that attempts to treat autism at the root cause.

Being that autism is a “spectrum disorder,” a great challenge is present. It is a biotechnology fact that an autistic brain has specific characteristics with regards to serotonin levels and brain plasticity that differ from a normally functioning brain. These facts are the basis of the research. Early testing has shown very promising results and as these results have been disclosed to the public, Cellceutix has been the recipient of countless phone calls, emails and other correspondences from around the country from the general public, industry leaders and the media requesting more information and expressing a great interest in seeing further development of KM-391. Earlier this week, Cellceutix issued a press release stating that they have responded to the public outcries and have drawn upon its resources to expedite pre-clinical testing of KM-391. Significant amounts of time have been eliminated through cooperative efforts from prestigious institutions to modify schedules in order to accommodate KM-391 research.

Kevetrin™, Cellceutix’s flagship compound, is closing in on Phase 1 Clinical Trials in humans. The final stages of pre-clinical research are complete with the data being evaluated now for formal presentation. Once this is complete, an Investigational New Drug (IND) application can be filed with the United States Food and Drug Administration (FDA). Phase 1 trials will then follow and hopefully will be underway in the fourth quarter of this year. Kevetrin, like KM-391, is a 100% novel compound. Most drugs on the market today are merely derivatives of existing compounds, but Kevetrin and KM-391 are completely unique.

Kevetrin is being developed to treat specific strains of lung, breast and colon cancers that demonstrate resistance to multiple drugs on the market today. Pre-clinical animal testing has shown to significantly delay tumor growth. Efficacy, the capacity to produce a desired effect, increased with increasing dosage in the studies. Kevetrin has received acclaims already due to the research conducted by Cellceutix. The American Association for Cancer Research, widely considered by many to be the premier cancer research association in the world, dubbed Kevetrin as on the “frontier of cancer research.”

So what does the future hold for Cellceutix, its compounds and its shareholders? Every developmental biotech has certain levels of speculation, but Cellceutix is a standout from the others. Their management team is led by CEO George Evans, who spent 25 years at Pfizer, ending his tenure as general counsel for the pharma division. Their research team is headed up by President and Chief Scientific Officer, Dr. Krishna Menon, who while at Eli Lilly oversaw the development of the two blockbuster cancer drugs that still produce billions of dollars in revenues. Leo Ehrlich, Chief Financial Officer of Cellceutix, has a track record of holding key executive positions in the development of small companies, including his time at NanoViricides that saw the stock price move from $.10 to $4.00.

The Cellceutix Scientific Advisory Board consists of world-renown pioneers in oncology, genetics and compound development. It is no big secret that major pharmas often look to smaller companies, such as Cellceutix, when a novel compound is developed and shows success in human studies. Nor is it a secret about the lucrative amounts of money that are offered from a large biotech to purchase a smaller biotech that has the rights to a successful new drug. The numbers are often into the billions of dollars because of the possible revenues that can be generated. Coupling the strength of the management and research team with the promising data being compiled from pre-clinical research on both Kevetrin and KM-391 and then mixing in the possibilities of revenues that can be generated, it is no wonder that Cellceutix is starting to have a lot more investor’s eyes landing on their ticker when reaching for the “buy” button.

More information about Cellceutix and their research can be found on their corporate website at www.cellceutix.com.

Zhongpin, Inc. (HOGS) Announces New Meat Processing Plant and Distribution Center in China

Zhongpin Inc., a leading meat and food processing company in China, today announced plans for a major new processing plant and distribution center to serve eastern China, including Shanghai and the Yangtze river delta area. The plant will be located in Jiangyan, north of Shanghai on the eastern coast of China, and will be operated through a new subsidiary company named Taizhou Zhongpin Food Co., Ltd., with an initial registered capital of $7.3 million. It will produce chilled and frozen pork and prepared pork products, and will significantly broaden Zhongpin’s cold-chain logistics business in Jiangsu province.

Construction of the new plant is set to begin in August, 2010 in two phases. The first phase should be completed in the third quarter of 2011, and will include production lines for chilled and frozen pork. The second phase, with production lines mainly for prepared pork products, is expected to be completed in the first quarter of 2012.

Zhongpin is expected to invest approximately $63 million in the new 36-acre facility, including land use rights. The plant’s annual capacity will be about 130,000 metric tons, mostly chilled pork, including easy-to-cook pork. 60% of the plant’s advanced equipment will be sourced globally. The company’s current distribution network in China covers 20 provinces plus Beijing, Shanghai, Tianjin, and Chongqing, and includes more than 3,000 retail outlets. Its export markets include the European Union and Southeast Asia.

Zhongpin Chairman and CEO, Mr. Xianfu Zhu, commented on the project. “This will be Zhongpin’s first production and logistics entry into the eastern China market, where we expect to create additional returns on investment for our shareholders. This eastern region, which includes the Yangtze River Delta with Shanghai as the center, has a large population and huge consumption potential. The Jiangyan region, in particular, is a rich and fertile growing area with abundant hogs, vegetables, fruits, and other high-quality agricultural products, and is the perfect location where we can produce our food products to serve eastern China.”

He continued, “Zhongpin now has a high brand awareness in the eastern China market. We currently distribute to this market from our plants in Henan province in central China, using our high-reliability cold chain logistics system, so we have a firm foundation in the eastern China market. The newly built plant will save on our delivery costs, quicken our response to the market, further enhance customer awareness of our brand, and is expected to increase our profitability in the eastern China. As we have successfully done in our other market expansions, we will increase our production that is focused on middle and upper income customers, produce high-quality and safe food products, and serve several market segments. We should capture a substantial share of the market in eastern China, which will help increase our sales, profits, and returns on investment.”
For more information about Zhongpin, please visit the company’s website at www.zpfood.com

New Leaf Brands (NLEF) Donates Iced Teas to the Michael Napoleone Memorial Baseball Tournament

New Leaf Brands recently made a large donation of their iced teas for a weekend baseball tournament charity fundraiser hosted by the Michael Napoleone Memorial Foundation held in Batavia, NY over Memorial Weekend. The third annual Michael Napoleone Memorial Baseball tournament held at the Batavia Minor League and Little League complex on May 28-30 was a great success as teams from many Western New York cities, including Pittsford, Penfield, Avon, Fairport, Victor, Amherst and Batavia, competed in two different age brackets. The weekend weather was some of the hottest days of the year. Thanks to the generosity of New Leaf Brands, the large crowds were able to enjoy all the flavors of New Leaf Brands iced teas. The teas helped the Foundation raise additional money which will be used for a variety of causes to “lend a hand for hope” to those families struggling with the reality and expenses of caring for a child with cancer.

Michael Napoleone Foundation Board Member, Jeff Klips, stated, “We would like to formally thank Eric Skae and the generosity of the New Leaf Brands organization,” Mr. Klips continued, “Eric wanted to give us even more tea to help us raise funds, but we thought we had enough. As it turns out, the teas were a smashing success and sold out very quickly. Pediatric cancers are a devastating illness and we are very excited to use the monies generated from the sales to help another family in need as they cope with all aspects of life that accompany having a child with cancer.”

Eric Skae, CEO of New Leaf Brands, commented, “At New Leaf, we believe in giving back to the community. When we heard the story of Michael Napoleone and the way the community rallied around their family and all the good things that the Foundation has done since, we wanted to help in any way that we could.” Mr. Skae also stated, “Although we were ecstatic to hear that the teas were a great success, it really isn’t about promoting our product. The donation was made to give to a great cause and we were glad to help the Michael Napoleone Foundation and the incredible people who work so hard to support it.”

The Michael Napoleone Memorial Foundation, Inc., established in 2007, is in memory of Michael C. Napoleone, the eight year-old son of Mark and Laurie Napoleone from Batavia, NY who died from Burkitt’s Lymphoma/Leukemia, an aggressive form of blood cancer. During Michael’s illness, the community rallied around the family to assist with food, gas, medical bills and other necessities. The not-for-profit foundation, a 501(c) 3 organization, was created to give back to those who cared, to give forward to those in need, and to support research efforts in finding a cure for childhood cancer.

More information about New Leaf Brands can be found on their newly redesigned website at www.newleafbrands.com.

To learn more about the Michael Napoleone Memorial Foundation and to “Lend a Hand for Hope,” please visit the Foundation’s website at www.michaelshope.org.

National Holdings Corp. (NHLD) Corrects Accounting Errors for 3QTR ‘09 and 1QTR ‘10

National Holdings Corp. announced today that the full service investment banking company has corrected an accounting error in which certain revenues and operating expenses were understated in the fiscal quarter ended December 31, 2009 and March 31, 2010.

Before anyone panics, the accounting error didn’t affect the cash flows from operating, investing, or financing activities of prior time periods. The margins of correction are less than .6% of the total amount of revenues previously listed. To be exact, Revenues were overstated by approximately $61,000 and $157,000, or 0.22% and 0.54%, respectively. Operating expenses were understated by approximately $113,000 and $16,000, or 0.39% and 0.05%, respectively. The new figures for the Company are as follows.

For the three months ended as of December 31, 2009 and March 31, 2010, respectively:
• Revenues will be revised from $28,388,000 to $28,326,000 and from $29,051,000 to $28,894,000,
• Net loss per common share will be revised from $0.03 to $0.04 per share and from $0.06 to $0.07 per share on a fully diluted basis respectively, and
• EBITDA, adjusted to exclude non-cash compensation expense and write down of forgivable loans, will be revised from $659,000 to $485,000 and from $593,000 to $453,000.
For the six month period ended March 31, 2010:
• Revenues will be revised from $57,439,000 to $57,220,000,
• Net loss per common share will be revised from $0.09 to $0.11 per share on a basic and fully diluted basis, and
• EBITDA, adjusted to exclude non-cash compensation expense and write down of forgivable loans, will be revised from $1,253,000 to $938,000.

The reason for these errors was due to duplicative entries to accrue month end commission revenues on a trade date basis and a net understatement of general accrued expenses including compensation expense, taxes, licenses and registration and other administrative expenses. National Holdings management team has gone into action and have set up a stronger internal control system and assures its shareholders that such errors will not be repeated in future Q’s.


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