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Treaty Energy Corporation (TECO)

Bull Rally, Stock Rich, OTC Reporter, Stock Traders Chat, Stock Source, Wise Alerts, PennyTrader Publisher, and HotOTC.com reported earlier on Treaty Energy Corporation (TECO), and we highlight the Company as “One to Watch” next week, here at the QualityStocks Daily Newsletter.

Treaty Energy Corp. engages in the acquisition, development and production of oil and natural gas. The company acquires and develops oil and gas leases which have proven but undeveloped reserves at the time of acquisition. This strategy allows Treaty to develop and produce oil and natural gas with significantly decreased risk, cost and time involved in traditional exploration.

Treaty Energy’s management has carefully designed a strategic acquisition program to move the company into continually stronger production, with initial lease projects in Louisiana, Tennessee, and Kansas. When ready for additional expansion, they will pursue acquisition opportunities in other areas that meet their criteria and are in line with the other projects and employee talents.

Recently, Treaty Energy Corporation released the latest information available on their three wells in Pickett County Tennessee. The Company recently re-opened the Robin Moody well #1 and placed it into oil production. It is producing live gassy crude from the Wells Creek formation at 1820-1824 feet.

The company also recently re-opened the Joseph Schwallie well #1. They are pumping it intermittently with a pumping unit equipped with an 8 HP gasoline motor. As of mid-September, they were pumping water with small crude oil shows.

The Herbert Q. Groce well #1 was recently re-opened as well and bailer-tested. Treaty Energy ran a video log in the well. A small amount of oil was found in the well. The Wells Creek porosity zone in this well ran approximately 70 feet lower than the same zone in the Robin Moody #1 and the Joseph Schwallie #1.

A thin zone at 1126 feet showed minor amounts of oil and gas in the Stones River formation. The company sent the video to a consulting geologist for review and to seek his opinion as to whether they should acidize this zone. He advised against it, and therefore, Treaty plans to plug and abandon the well.

On September 20, 2010, Treaty Energy announced the signing of a service contract with Radar Satellite Solutions (RSS). The contract with RSS covers remote sensing and exploratory services in the country of Belize. Under the leadership of the Treaty group as the operator of the concession, RSS will provide scientific oversight to survey and provide drilling technology on the concession in accordance with the proprietary technology of RSS.

In late October, Treaty Energy Corporation announced that they successfully performed the acidizing process on their Joseph Schwallie #1 well in Pickett County, Tennessee. During the acidizing process, Mr. John Barksdale, President of Treaty Energy, and Mr. Gerard Danos, Vice President and COO of the Company, were present. Mr. Danos commented that he is very optimistic about the future production on the Joseph Schwallie #1 well. The company now plans to proceed to the Robin Moody #1 well to do the same acidizing treatment.

This week, Treaty Energy Corporation updated shareholders on the progress of their Joint Venture with Princess Petroleum Limited on the 2 million acre concession in Belize. The Company’s contractor, Radar Satellite Solutions (R.S.S.), has completed initial analysis of a portion of the land based concession.

Mr. Mike Morgan, spokesman for R.S.S., stated, “Early indications have shown two areas on the Princess concession that have many characteristics similar to the Spanish Lookout field. The first prospect is referenced as Orchard 1 and the zone being studied is at 3300 ft. This is the first of the two zones that we will study extensively and we are optimistic that we will locate commercially viable hydrocarbons in this field.”

Mr. Andrew Reid, Chairman and CEO of Treaty Energy, stated, “I am very pleased with the promising outlook of the information coming from the first deployment of the R.S.S. crew. Treaty Energy is looking forward to the continuing efforts of R.S.S. in establishing our first well site in Belize.”

We have Treaty Energy Corporation (TECO) locked on our radar screens as “One to Watch” next week, here at the QualityStocks Daily Newsletter.

Treaty Energy Corporation (TECO) closed Friday’s trading session at $0.01, up 5.26%, on 1,241,090 traded shares with 32 trades. The stock's 60-day average volume is 1,587,037 and its 52-week low/high is $0.002/$0.027.

Auric Mining Company (AUMY)

Pick Alerts, The Calloway Group, Equity Financial Consulting, financialopiniondaily.com,  myqualitypr.com, Zenith Public Relations, OTC Reporter, All Penny Stocks, Nebula Stocks, Penny Stock Farmer, Hyper Growth Stock, Topgun Stockpicks,  The Stock Psycho, OTC Stock Exchange, Penny PayDay, Bull Warrior Stocks, Stock Bully, and  Whisper from Wall Street reported on Auric Mining Company (AUMY), and we highlight the Company as “One to Watch” next week, here at the QualityStocks Daily Newsletter.

Auric Mining Company is an investment and management company that trades on the Pink Sheets. The Company focuses on the mining sector and natural resources projects. Auric Mining Company has their office headquarters in Port Huron, Michigan.

The Company utilizes their resources by investing in on-going projects to establish immediate cash-flow. They perform extensive research through numerous databases of public natural resources companies which have substantial findings already proven. Auric will either purchase, joint venture, or invest in these companies. Auric Mining Company is constantly seeking acquisition opportunities with significant exploration upside in the form of entire companies or packages of assets that provide an undeniable possibility of hosting base and precious metal mineralization.

Auric is currently focused on developing their owned mining claims in the Wawa area of the Sault Ste. Marie Mining District in Ontario, Canada. The exploration and extraction of mineral resources have been ongoing activities in the Wawa area since the native operation of primitive copper mines as well as the search for these mines by early European explorers in the late 1600's.

In addition to its prolific history for gold mining, Wawa has shown promising signs of concentrated kimberlite indicators, a favorable geological formation for diamond exploration. The Company has a number of claims strategically located in this historic mining district. Previous exploration in the Wawa area has discovered numerous deposits of small diamonds within metamorphosed Archean basement rocks.

Yesterday, Auric Mining announced that they have provided an initial cash deposit with the intention of completing the acquisition of a mineral property known as "The Dolly Lake Showing." This property is located in the Mari Lake area of Saskatchewan approximately 20 air miles north west of Flin Flon, Manitoba. They have made an initial deposit as part of an all cash purchase for 100 percent of the mining rights to the property from First Light Resources located in Toronto, Ontario. Both parties are currently working on a formal agreement to complete the transaction.

The location of The Dolly Lake Showing property is lying in a major known gold resource area with a history of gold mining over the past 50 years. Gold bearing trends may continue for miles with the right faulting and structure. Auric is very encouraged by the prospects of the Dolly Gold property which presents a potentially significant source of revenue for the Company as a prospective gold producer in the future.

We’re keeping an eye on Auric Mining Company (AUMY) and we’re tracking them on our radar screens as “One to Watch” next week, here at the QualityStocks Daily Newsletter.

Auric Mining Company (AUMY) closed Friday’s trading session at $0.079, down 7.06%, on 1,267,292 volume with 200 trades. The stock's 60-day average volume is 188,609 and its 52-week low/high is $0.04/$6.00.

Sprott Resource Lending Corp. (SILU)

Today we are reporting on Sprott Resource Lending Corp. (SILU), here at the QualityStocks Daily Newsletter.

Sprott Resource Lending Corp. is a natural resource lender providing bridge, mezzanine, and precious metal financing to resource companies. The Corporation previously invested in mortgages secured by Canadian real estate under the name of Quest Capital. During the third quarter, the Corporation made a material change to their strategy pursuant to their shareholder-approved plan to refocus their activities as a natural resource lender. Sprott Resource Lending Corp. trades on the NYSE Amex. They have their corporate headquarters in Toronto, Ontario.

Sprott Resource Lending Corp. was founded by Quest Capital Corp. and Sprott Lending Consulting Limited Partnership. Sprott Lending Consulting LP is a wholly owned subsidiary of Sprott Inc., the parent of Sprott Asset Management LP, a leading Canadian independent money manager. Sprott Resource Lending Corp.’s leadership team has significant lending experience and deep expertise investing in the natural resource space. They apply conservative lending practices and careful asset evaluation to generate shareholder value.

The Company specializes in the aforementioned bridge, mezzanine and precious metal lending to mining, exploration and development companies and bridge and mezzanine financing to oil and gas companies on a worldwide basis. The Corporation looks to generate income from lending activities as well as the upside potential of bonus arrangements with borrowers generally tied to the securities of the borrower.

Today, Sprott Resource Lending Corp. reported their financial results for the three and nine months ended September 30, 2010. The results of the third quarter largely reflect operations as a real estate lender and the transition to resource lending.

For the third quarter, real estate loans repaid and sold in the quarter amounted to $45.9 million increasing the cash resources available for deployment in resource loans. The net loss for the period was $16.2 million ($0.11 per share) compared to a loss of $5.2 million ($0.03 per share) a year earlier. This is primarily due to increases in loan loss expense, salaries and benefits and a decrease in interest income, offset by a $3.2 million increase in income tax recoveries.

For the nine months ended September 30, 2010, the net loss was $16.8 million ($0.12 per share) compared to a loss of $8.1 million ($0.05 per share) a year earlier.

Sprott Resource Lending Corp. (SILU) closed Friday’s session at $1.86, up 5.08%, on 173,308 traded shares with 192 trades. The stock's 60-day average volume is 210,894 and its 52-week low/high is $0.99/$1.98.

Gold Reserve Inc. (GRZ)

Penny Invest, Stock Egg, Wall Street Grand, Stock Fortune Teller, HotOTC.com, Stock Rich, Cool Penny Stocks, and Penny Sleuth reported earlier on Gold Reserve Inc. (GRZ), and we highlight the Company, here at the QualityStocks Daily Newsletter.

Gold Reserve Inc. was formed for the purpose of acquiring, exploring, and developing mining properties and placing them into production. In 1992, the Company acquired and began developing what is now known as the Brisas gold and copper project. It is located in the historic Km 88 mining district of the State of Bolivar in southeastern Venezuela (the Brisas Project). Gold Reserve Inc. is incorporated under the laws of the Yukon Territory, Canada, and is listed on the Toronto Stock Exchange and the NYSE Amex. The Company has their headquarters in Spokane, Washington.

The Brisas deposit contains ore reserves of 10.2 million ounces of gold and 1.4 billion pounds of copper.  From 1992 to 2009, Gold Reserve Inc. invested close to US $300 million in acquisition, land exploration, development, equipment, and engineering costs, which they believed developed the Brisas Project into a world class mining project. The Brisas deposit is one of the largest undeveloped gold/copper deposits in the world.

In April 2008, after Gold Reserve Inc. successfully developed the Brisas Project to the point of construction, the Bolivarian Republic of Venezuela arbitrarily revoked the previous authorization to proceed with construction of the Brisas Project, eliminating the Company’s ability to exploit the Brisas Project. As a result of this and other acts by or on behalf of Venezuela, on October 21, 2009 the Company filed a Request for Arbitration under the Additional Facility Rules of the International Centre for Settlement of Investment Disputes (ICSID) of the World Bank, in Washington D.C., against the Bolivarian Republic of Venezuela seeking compensation for the losses caused to the Company by what the Company believes are Venezuela's violations of the Agreement between the Government of Canada and the Government of the Republic of Venezuela for the Promotion and Protection of Investments (Canada-Venezuela Treaty) in regard to the Company and their investments in Venezuela.

On September 28, 2010, Gold Reserve Inc. announced that they filed their arbitration claim against the Bolivarian Republic of Venezuela with the World Bank’s International Centre for Settlement of Investment Disputes (ICSID), in accordance with the provisions of the Canada-Venezuela Bilateral Investment Treaty (BIT). The Company’s claim alleges violations of three provisions of the Canada-Venezuela BIT culminating in the effective expropriation of Gold Reserve’s sizable investments in the world-class Brisas gold/copper project and the promising Choco 5 gold property.

Gold Reserve Inc. is diligently pursuing their arbitration claim against the Bolivarian Republic of Venezuela. This is while continuing to pursue other opportunities, with the goal of successfully developing proven and probable reserves by making selective property and/or corporate acquisitions.

Gold Reserve Inc. employs 11 people in the United States and approximately 20 in their offices in Venezuela. The Company also owns 47 percent interests in Great Basin Energies, Inc. and MGC Ventures, Inc., both Washington corporations. Great Basin Energies, Inc. and MGC Ventures, Inc. hold approximately $1.6 and $1.9 million in cash, respectively. For financial statement purposes, both of these corporations are consolidated with the Company. Neither Great Basin nor MGC Ventures is currently engaged in operations. However, both corporations are seeking to identify and acquire income-producing assets.

Gold Reserve Inc. (GRZ) closed Friday’s trading session at $1.44, down 3.35%, on 128,740 traded shares with 187 trades. The stock's 60-day average volume is 108,206 and its 52-week low/high is $1.44/$1.55.

Adolor Corporation (ADLR)

Stock Fortune Teller reported recently on Adolor Corporation (ADLR), and we are highlighting the Company today, here at the QualityStocks Daily Newsletter.

Adolor Corporation is a biopharmaceutical company that trades on the NASDAQ Global Market. The Company specializes in the discovery, development and commercialization of novel prescription gastrointestinal and pain management products. Commencing operations in 1994, Adolor Corporation has their headquarters in Exton, Pennsylvania. The Company went public in 2000.

Today, the Company is a leader in the discovery and development of novel opioid receptor-targeted therapeutics. These are designed to maintain or improve opioid-like pain relief and reduce opioid side effects. Adolor has approximately 80 employees working in areas that include discovery research, clinical development, manufacturing, business development, regulatory affairs, sales and marketing.

The Company's first approved product in the United States is ENTEREG®. It is indicated to accelerate the time to upper and lower gastrointestinal recovery following partial large or small bowel resection surgery with primary anastomosis. ENTEREG is available for short-term use in hospitals registered under the E.A.S.E.® Program. In collaboration with GlaxoSmithKline, the Company launched ENTEREG in mid-2008. Adolor has a collaboration agreement with GlaxoSmithKline for the continued development and commercialization of ENTEREG for postoperative ileus.

Adolor Corporation's research and development pipeline includes ADL5945 and ADL7445, novel peripheral mu opiate receptor antagonists undergoing clinical development for chronic opioid-induced constipation. Their pipeline also includes two novel delta opioid receptor agonists, one of which currently is in mid-stage clinical development in collaboration with Pfizer Inc. for neuropathic pain. The Company also has several earlier-stage compounds under development for the management of pain and CNS disorders.

Yesterday, Adolor Corporation announced that they were awarded a second round of funding by the Michael J. Fox Foundation for Parkinson's Research (MJFF). This is to support the development of selective centrally-acting mu opioid receptor antagonists (CAMORs) for the treatment of l-DOPA-induced dyskinesia (LID) associated with Parkinson's disease. The $363,400 award will be paid over a period of 18 months.

"We are delighted that the MJFF is continuing to support our efforts on this important initiative at Adolor, and we look forward to reporting further progress in our next stage of preclinical studies,” said Michael R. Dougherty, President and Chief Executive Officer at Adolor.

Adolor Corporation (ADLR) closed Friday’s trading session at $1.25, up 2.46%, on 132,505 volume with 505 trades. The stock's 60-day average volume is 114,555 and its 52-week low/high is $1.00/$2.24

Ocean Power Technologies, Inc. (OPTT)

Cabot Wealth, SmallCap Voice, FeedBlitz, Penny to Buck, Wall Street Greek, Wall Street Grand, Lebed.biz, Bull in Advantage, and Stock Stars reported on Ocean Power Technologies, Inc. (OPTT), and we highlight the Company, here at the QualityStocks Daily Newsletter.

Trading on the NASDAQ Global Market, Ocean Power Technologies, Inc. (OPT) is a pioneer in wave-energy technology.  This technology harnesses ocean wave resources to generate reliable, clean, and environmentally beneficial electricity. The Company bases their proprietary PowerBuoy® system on modular, ocean-going buoys that capture and convert predictable wave energy into low-cost, clean electricity. The Company has their headquarters in Pennington, New Jersey, and offices in Warwick, United Kingdom.

Ocean Power Technologies, Inc. has experience in the advancement of wave energy and participates in a $150 billion annual power-generation equipment market. The Company is a leading developer of on-grid and autonomous wave-energy generation systems, benefiting from over a decade of in-ocean experience. Dr. George W. Taylor and the late Dr. Joseph R. Burns founded the Company and they began commercial operations in 1994. They focus on their proprietary PowerBuoy® technology. It captures wave energy using large floating buoys anchored to the seabed and converts the energy into electricity using innovative power take-off systems.

Ocean Power Technologies, Inc. has their Underwater Substation Pod™ (USP) product. Based on their proprietary design, they developed the USP to facilitate the collection, networking, and transforming of power and data generated by up to ten of their PowerBuoys for transmission to a shore-based electricity grid by one subsea power cable. They built it as an open platform. They can provide "plug and play" connectivity for any offshore energy device linked to it.

In late September, Ocean Power Technologies, Inc. announced that they completed the first-ever grid connection of a wave energy device in the United States at the Marine Corps Base Hawaii (MCBH), in conjunction with the US Navy. This connection demonstrates the ability of the Company’s PowerBuoy® systems to produce utility-grade, renewable energy that can be transmitted to the grid in a manner fully compliant with national and international standards.

The PB40 PowerBuoy is part of the Company’s ongoing program with the US Navy to develop and test their PowerBuoy wave energy technology. The project began as a Small Business Innovation Research (SBIR) program at the Office of Naval Research (ONR). Key program goals include demonstrating system reliability and survivability, and the successful interconnection with the grid serving MCBH.

Last month, Ocean Power Technologies, Inc. announced that the US Navy has awarded $2.75 million in additional funding to the Company for a second stage under their existing contract to provide an autonomous PowerBuoy® wave energy conversion system for the Navy’s near-coast anti-terrorism and maritime surveillance program. The new award follows the successful completion by OPT of the first stage of a four-year $15.0 million project for the US Navy’s Littoral Expeditionary Autonomous PowerBuoy (LEAP) program.

Ocean Power Technologies, Inc. (OPTT) closed Friday’s trading session at $6.25, down 1.57%, on 33,182 volume with 156 trades. The stock's 60-day average volume is 45,460 and its 52-week low/high is $4.55/$11.22.

Lannett Company Inc. (LCI)

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

Founded in 1942, Lannett Company Inc. develops, manufactures, packages, markets and distributes generic pharmaceutical products for a wide range of indications. The Company markets their products primarily to drug wholesalers, retail drug chains, distributors, and government agencies. Lannett Company Inc. trades on the NYSE Amex. They have their corporate headquarters in Philadelphia, Pennsylvania.

Lannett Company, Inc. develops, manufactures, packages, markets, and distributes a wide array of pharmaceutical products under generic names. They also produce a limited number of private label pharmaceutical products for other companies. They manufacture solid oral dosage forms, including tablets and capsules, extended release, topicals, oral solutions and distributes parenteral as well as ophthalmics. In addition, via their wholly owned subsidiary, they manufacture active pharmaceutical ingredients (APIs).

The Company’s manufacturing facility consists of 31,000 square feet on an approximately 3.5-acre parcel of land that they own. They also own a 63,000 square foot building on approximately 3.0 acres located within one mile of their manufacturing facility that houses packaging, R&D and certain administrative functions. They purchased a third building located several miles from their manufacturing facility, consisting of 66,000 square feet on approximately 7.3 acres. This building will be used as the Company’s main distribution facility as well as housing key administrative functional areas supporting the organization.

In October, Lannett Company, Inc. announced that they began shipping Fluphenazine HCl Tablets USP, the generic equivalent of Prolixin®, in 1 mg, 2.5 mg, 5 mg and 10 mg dosages. For the 12 months ended September 2010, Fluphenazine HCl Tablets USP, 1 mg, 2.5 mg, 5 mg, & 10 mg had U.S. sales of approximately $28 million at Average Wholesale Price. Lannett acquired an FDA approved Abbreviated New Drug Application (ANDA) for Fluphenazine HCl Tablets USP, in 1 mg, 2.5 mg, 5 mg and 10 mg dosages. Fluphenazine HCl Tablets USP, 1 mg, 2.5 mg, 5 mg and 10 mg are antipsychotic agents used in the treatment of schizophrenia and other mental illnesses.

Mr. Arthur Bedrosian, President and Chief Executive Officer of Lannett, said, “To broaden our product offering and help offset the FDA backlog, we augment our internal drug development efforts with strategic alliances and product acquisitions. Fluphenazine represents our second product launch resulting from an acquired ANDA. We continue to seek additional opportunities to expand our portfolio through collaboration or the purchase of complementary products.”

Yesterday, Lannett Company, Inc. announced that they will release their fiscal 2011 first-quarter financial results on Thursday, November 11, 2010. Lannett management will host a conference call that same afternoon at 4:30 p.m. Eastern (1:30 p.m. Pacific) to review financial results and answer questions.

Lannett Company Inc. (LCI) closed Friday’s trading session at $5.87, up 13.32%, on 207,744 volume with 609 trades. The stock's 60-day average volume is 30,968 and its 52-week low/high is $3.66/$7.24.

iGo, Inc. (IGOI)

HotOTC.com and Stock Rich reported earlier on iGo, Inc. (IGOI), and we are highlighting the Company today, here at the QualityStocks Daily Newsletter.

Trading on the NASDAQ Global Market, iGo, Inc. develops and markets universal chargers for laptops and various mobile devices. The Company dedicates their efforts to providing innovative and streamlined mobile solutions based upon the Company's patented technology. In addition to their charging solution, iGo offers accessories for the mobile device market.  iGo, Inc. has their corporate headquarters in Scottsdale, Arizona.

iGo, Inc. develops and markets universal chargers for laptops and mobile devices such as mobile phones, Bluetooth® headsets, smartphones/PDAs, MP3 players, portable gaming devices, digital cameras, and other products. Their patented tip technology enables users to charge thousands of models of mobile devices with a single charger using interchangeable power tips.

iGo offers a full line of chargers for charging at home, in the office, on an airplane, in the car, or from batteries. By using these chargers and associated tips, mobile device users can save money and eliminate the extra weight and jumbled power cords associated with carrying multiple chargers. In some products, through using these chargers and associated tips, users can power multiple devices simultaneously.

The Company's products include alternate current(AC)/direct current(DC) universal power adapters,  and DC-only power adapters. They also include AC-only power adapters, DC cigarette lighter adapters, mobile AC adapters, combination AC/DC adapters, and battery-powered adapters.

iGo also offers an award-winning line of eco-friendly power solutions. These are based on the Company’s patented iGo Green ® Technology which automatically eliminates wasteful and expensive standby or "vampire" power. This “vampire” results from chargers continuing to draw electricity when a mobile electronic device no longer requires charging or is disconnected from the charger.

In addition, iGo's audio and visual products offer consumers enhanced options for hearing and viewing all of the powerful multimedia functions offered by the latest mobile electronic devices to hit the market.

Yesterday, the Company announced that they are collaborating with Texas Instruments on the development of an integrated circuit to help implement iGo’s patented iGo Green Technology. iGo intends to utilize the integrated circuit for use in their own products once the development is completed. This is expected to take approximately one year. iGo also intends to make the new chip available to OEMs that want to reduce the consumption of vampire power in the power supplies shipped with their products.

Today, iGo, Inc. announced that they will present at Tech America's 40th Annual AeA Classic Financial Conference at the Manchester Grand Hyatt in San Diego, California.  Mr. Mike Heil, President and Chief Executive Officer, and Mr. Darryl Baker, Vice President and Chief Financial Officer, will conduct presentations and meet with investors on Tuesday, November 9, 2010, starting at 8:30 a.m. PST and concluding at 4:45 p.m.

iGo, Inc. (IGOI) closed Friday’s session at $2.69, up 29.33%, on 2,533,538 traded shares with 4,798 trades. The stock's 60-day average volume is 103,983 and its 52-week low/high is $1.03/$2.15.

The QualityStocks Company Corner

Micro Identification Technologies Inc. (MMTC)

The QualityStocks Daily Newsletter would like to spotlight Micro Identification Technologies Inc. (MMTC) Micro Imaging Technology closed trading at $0.0141, up 2.17%, on 373,500 volume with 17 trades.  The average 60-day volume is 294,253 with a 52-week low/high of $0.01/$0.08.

Micro Identification Technologies Inc. (MMTC) is focused on becoming a global leader in developing, supporting and marketing rapid systems and processes that detect and identify microbial organisms. For several years the company has been working on the development of a breakthrough, laser-based microbial identification technology. This technology has been designed to be extremely fast and easy to use while not relying on conventional chemical or biological processing, fluorescent tags, gas chromatography or DNA analysis.

The system works by measuring scattered light intensity as individual microbes pass through a laser beam. The intensity pattern of the scattered light is a direct consequence of the size, shape and external and internal optical characteristics of the microbe. By measuring scattered light at specific angles, MIT’s system detects and differentiates objects the size of bacteria, protozoa, yeasts and molds.

The company’s technology offers significant advantages over today’s methods of microbial detection, including lower cost, rapid results, easier use and the ability to test for multiple bacteria in one process. The system is statistically based and includes a unique MIT Microbe Library of pre-measured light scattering identifiers - or fingerprints - derived from the measurements of tens of thousands of individual microbes for each species and subspecies to be detected.

MIT’s technology has the potential to revolutionize the $5 billion rapid microbial test market by annually saving thousands of lives and tens of millions of dollars. Since 1998, the industry has had an annual expansion of 9.2 percent - with growth projections for 30 percent annually. MIT is well positioned with its cutting-edge microbial technology as demand continues to soar as a result of major health, safety and homeland security issues. Disclaimer

Micro Identification Technologies Inc. Blog

Micro Identification Technologies Inc. News:

MIT Reports a Successful Webinar Presentation of the Technologies and Operations of Its Bacterial Identification System

(MMTC) MIT to Conduct a Webinar Demonstrating the Ease of Use and Efficiency of Its Bacteria Identifying MIT 1000 System

MIT Receives Additional Funding

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 $0.036, up 2.86%, on 140,000 volume with 8 trades. The stock’s average daily volume over the past 60 days is 78,222 with a 52-week low/high of $0.02/$0.158.

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 (NASV) New Audio Interview of Bob Chance, CEO of NASV is now at SmallCapVoice.com

National Automation Services, Inc. Operations Update

National Automation Services, Inc. Expands Operations Into California

Uranium Energy Corp. (UEC)

The QualityStocks Daily Newsletter would like to spotlight Uranium Energy Corp. (UEC) Today, the Uranium Energy Corporation closed trading at $4.62, up 2.21%, on 1,042,489 volume with 2,859 trades.  The average 60-day volume is 672,717 with a 52-week low/high of $2.11/$4.06.

Uranium Energy Corp. (UEC) is a U.S.-based exploration and development company focused on near-term uranium production in the U.S. The company’s operations are managed by professionals who have earned a reputable profile through many decades of hands-on experience in the key facets of uranium exploration, development and mining.

Uranium Energy controls one of the largest databases of historic uranium exploration and development in the nation. Using this knowledge base, the company has acquired and is advancing exploration properties of merit throughout the southwestern U.S., a region known as being the most concentrated area for uranium mining in the United States.

The Company’s fully licensed and permitted Hobson processing facility is central to all of its projects in South Texas. Well financed to execute on its key programs, Uranium Energy's Palangana is-situ recovery project is fully permitted, and its Goliad in-situ recovery project is in the final stages of mine permitting for production.

The company’s strategy of acquiring exploration databases and leveraging those databases to generate acquisition targets has proven to be effective thus far. With plans to continue aggressively pursuing this strategy, Uranium Energy Corp is well positioned to capitalize on the world’s first significant alternative energy boom. Disclaimer

Uranium Energy Corp. Blog

Uranium Energy Corp. News:

Uranium Energy Corp Completes $27.5 Million Financing

Uranium Energy Corp Announces Private Placement

Uranium Energy Corp Announces Major Advance with Permitting for Goliad ISR Project in South Texas

IDO Security Inc. (IDOI)

The QualityStocks Daily Newsletter would like to spotlight IDO Security Inc. (IDOI). Today, IDO Security Inc. closed trading at $0.0018, up 5.88%, on 38,524,753 volume with 138 trades.  The average 60-day volume is 29,618,336 with a 52-week low/high of $0.0004/$0.0061.

IDO Security, Inc. (IDOI) announced this morning that it has introduced a new Safety Rails System to complement the new MagShoe™ 3G series. Incorporating a new design and features based on field experience with the previous Safety Rails model and demands made by customers, the new system comes with a number of accessories.

IDO Security, Inc. (IDOI), headquartered in New York with a subsidiary in Israel, focuses on developing solutions for shoes-on weapons metal detection. The company's flagship product, the patented MagShoe™ system, instantly and accurately detects metal items concealed on or in footwear, ankles or feet without requiring the removal of shoes. Taking only 3-4 seconds to scan, the detection system solves possibly the most problematic issue in the security checkpoint routine.

The MagShoe is produced at the company's main manufacturing facility in Rishon LeZion, Israel where it offers local sales and support via a worldwide network of industry-leading distributors and system integrators. Designed for security and loss prevention at high-security venues and checkpoints, IDO Security's products are currently in use at international airports, cruise lines, government agencies and other locations requiring strong security.

The company's detection systems employ state-of-the-art sensors and algorithms to detect weapons and other controlled metal articles. By providing accurate measurements, the MagShoe solutions keep false alarms at minimum - detecting potentially dangerous items while ignoring metal typically found in footwear such as heels, zippers and ornaments. The advanced technology reduces the number of manual inspections required, allowing personnel to focus on the real threat.

President and Director Michael L. Goldberg guides the direction of the company with an extensive business and legal background spanning more than 30 years. Prior to joining IDO Security, Mr. Goldberg spent 17 years as the Chairman, CEO and one-time President of RX Medical Services, a medical company that owned and operated small rural hospitals, clinical laboratories and MRI/CT centers across the US. He has served on the boards and as a member of audit and compensation committees for a number of public companies.

IDO Security Inc. (IDOI Blog

IDO Security Inc. News:

IDO Security, Inc. Introduces New Safety Rails System Designed to Complement the MagShoe(TM) 3G Series

IDO Security Expands Presence in Europe

IDO Security Successfully Showcases the New MagShoe 3G(TM) at the SICUR International Security Safety Exhibition

Daulton Capital Corp. (DUCP) Uncovering Yukon Gold and Copper

Daulton Capital Corp., a Nevada based finance company specializing in natural resource investments, is in negotiations for an option agreement on two important gold projects in the Yukon Territory of northwest Canada. The company is hoping to secure full interest in the properties, both of which are in an area that has produced significant drill results of 3.4 g/t of gold at 103 meters.

The largest of the projects, the Hunker Property, consists of 121 Yukon Quartz Mining Claims in the Dawson Mining District, 15 miles southeast of Dawson City. It covers 6,000 acres straddling Hunker Creek, one of the Klondike’s famous gold producing placer creeks, and has all-weather road access. The claim block covers a regional north west trending thrust fault with quartz-sericite-chlorite schist (Klondike Schist) in the footwall and well preserved ophiolitic rocks (gabbro, microgabbro/ diabase, dunite/ ultramafic rocks) in the hanging wall.

The claim has historically been associated with coarse placer gold, with one find being wire crystalline gold up to 10 centimeters long. Regional soil sampling, with a total of 1,500 soils collected, has outlined a gold copper soil anomaly measuring 550 meters by 900 meters, and with gold values reaching as high as 187 ppb Au, and copper values up to 321 ppm Cu.
An independent geologist evaluation concluded that “this is the only significant area of preserved hanging-wall ophiolitic host rocks identified to date on the Klondike, with the potential for hosting productive gold-quartz veins of economic grades (average of 0.5 oz/t Au) with the potential for very gold rich pockets (100+ ounces to the ton)”.

Daulton is evaluating both targets (thrust fault zone and gold copper soil anomaly) on the property with detail (25 meter) soil sampling, ground magnetic survey, and excavator trenching.

Command Center (CCNI) Posts Strengthened Position for Q3

Command Center Inc. provides employment solutions for light industrial, disaster relief, hospitality and event services. The company yesterday announced its results for the third quarter of 2010, reflecting back-to-back profitable quarters.
For third quarter ended September 24, 2010, Command Center posted total revenue of $19.70 million, a 49 percent increase on revenue of $13.19 million for the comparable quarter of 2009.

Net profit was $1.07 million, or $.02 per share, compared to a net loss of $(249,776), or ($.01) per share, based on 37,041,172 weighted average common shares outstanding in comparable quarter of 2009.
Command Center chairman and CEO Glenn Welstad noted the company’s solid bottom line and said the company’s business is thriving despite Gulf spill concerns.

“We are thrilled to announce back-to-back profitable quarters,” Welstad stated in the press release, “and we are especially excited about bringing more than $1 million to the bottom line. Despite the dramatic drop-off in oil clean-up activities in the Gulf coming into the third quarter, core business continued to improve and not only produced such excellent results, but also showed that Command’s revenue streams are broadly distributed and not dependent on single large jobs to accelerate growth.”

The company improved its balance sheet during the third quarter, and reduced current liabilities by $1.8 million – to $5.7 million on September 24, 2010, from $7.5 million on June 25, 2010.
For the nine-month period ended September 24, 2010, Command Center reported revenue of $50.64 million, an increase of 32 percent on revenue of $38.40 million in the comparable year-ago period.
Net loss for the nine months of 2010 was $(302,826), or ($.01) per share, based on 45,484,621 weighted average common shares outstanding, compared to a net loss of $3.82 million, or ($.10) per share, based on 36,660,036 weighted average common shares outstanding for the same period last year.

The company reported gross profit margin of 26.4 percent in the third quarter of 2010, down from 28.2 percent reported in the third quarter of 2009. Despite a 49 percent increase in sales, SG&A expenses of $3.99 million in the third quarter of 2010 were 6 percent higher than SG&A expenses of $3.77 million in the third quarter of last year.

“This once again demonstrates how management has been able to effectively manage costs without compromising its commitment and ability to deliver exceptional service to our growing customer base,” Welstad stated. “We are confident, after reporting these two consecutive profitable quarters and evaluating the current status of our local and national accounts, that Command Center is well-positioned to build on these results and achieve even higher goals of revenue and profit going forward.”

Helix BioMedix, Inc. (HXBM) Reports Third Quarter Results

Helix BioMedix, Inc. announced yesterday financial results for the Company’s third quarter 2010 ended September 30, 2010.

Revenue for the third quarter of 2010 was approximately $94,000, compared to approximately $98,000 for the third quarter of 2009 and approximately $330,000 for the second quarter of 2010. For the first nine months of 2010, revenue was approximately $494,000, compared to approximately $324,000 for the first nine months of 2009. The 53 percent increase in revenue through the first nine months of 2010 reflects a significant increase in licensing revenue and growth in international consumer product sales through Helix BioMedix, Inc.’s new distribution partner in Asia.

Gross margin for the third quarter of 2010 was 69 percent, compared to 46 percent in the third quarter a year ago and 62 percent in the second quarter of 2010. The year-over-year improvement in gross margin reflects a greater percentage of total revenue from license fees, which generate higher margin compared to peptide and consumer product sales revenue.

Net loss for the third quarter of 2010 was approximately $1.1 million, or $0.04 per share, compared to a net loss of approximately $933,000, or $0.04 per share, for the third quarter of 2009 and approximately $942,000, or $0.04 per share, for the second quarter of 2010. The year-over-year increase in net loss in the third quarter of 2010 was primarily due to the increases in operating expenses and interest expense related to Helix BioMedix’s outstanding convertible notes payable.

As of September 30, 2010, cash and cash equivalents was approximately $2.0 million. This is compared to approximately $3.0 million as of June 30, 2010. License fee revenue increased 66 percent compared to the third quarter of 2009.
On July 1, 2010, Helix BioMedix, Inc. acquired a 30 percent membership interest in NuGlow Cosmaceuticals, LLC (NuGlow) and signed a three-year supply agreement with NuGlow. In addition, they received the first order from NuGlow for delivery in the fourth quarter of 2010 at levels significantly above contractual minimums.

Headquartered in Bothell, Washington, Helix BioMedix, Inc. is a biopharmaceutical company with an extensive library of diverse bioactive peptides and patents covering six distinct classes and hundreds of thousands of peptide sequences. Core competencies include peptide design, synthesis and characterization together with assay development, screening, tissue culture and microbiology, leveraged through relationships with contract research organizations and peptide manufacturers.

WordLogic Corp. (WLGC) Appoints Michael Flom to Lead Tech Advancement Efforts

Yesterday, Frank Evanshen, CEO of WordLogic, appointed Michael Flom as the company’s new Director of Mobile Technology.

Mr. Flom, of Flom Wireless Application/LBS Consulting, is trained in engineering with a BS and MBA in Engineering from Arizona State, and considered to be an industry expert in developing and marketing location-based software apps, such as GPS navigation; he has also presented at conferences worldwide.

Among Flom’s work includes creating the first e-commerce system used by American Express, the first wireless city guide and navigation software for Ericsson, and the first mass market cell phone GPS service for Motorola and Nextel.

WordLogic, a Vancouver, BC company, develops predictive text software used in input and internet search applications. Their software is offered for devices ranging from handheld systems, such as smartphones and tablets, to desktop computers. In support of new developments under Flom’s direction, WordLogic is expanding its product development team.

Evanshen stated, “With the market for predictive input technology exploding in such mobile devices as the Android and other smartphones, as well as navigation devices, PCs and TVs, it is critical for WordLogic to expand its technical marketing capabilities to reach out to major device makers and operators and demonstrate our game-changing software,”

He added, “Mike Flom will be playing a critical role in helping develop interest among the complete supply chain of mobile and smartphone devices from the chip makers and other suppliers to the manufacturers and telecom service providers. His experience as an engineer, inventor, application innovator and business executive will open new opportunities for our predictive input technology.”


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