Monday, February 28, 2011

Bedford Report out for Fannie (OTC:FNMA) and Freddie (OTC:FMCC)

Bedford Report out for Fannie (OTC:FNMA) and Freddie (OTC:FMCC)Last week, Government-controlled mortgage buyers Fannie Mae and Freddie Mac posted smaller quarterly losses. Despite the improved results, both companies asked the government for more federal aid in anticipation of further losses. The Bedford Report examines the outlook for companies in the Mortgage Investment Industry and provides research reports on Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC). As I write, shares of Freddie Mac are down more than 15 percent at $0.49 per share on heavy volume of 15 million shares. As I write, shares of Fannie Mae are down nearly 15 percent at $0.48 per share on heavy volume of 29.2 million shares.

Access to the full company reports can be found at:

www.bedfordreport.com/2011-02-FNMA

www.bedfordreport.com/2011-02-FMCC

Combined, Fannie Mae and Freddie Mac have requested another $3.1 billion draw from the Treasury Department -- which has owned more than 79 percent of both companies since they were seized and placed under U.S. conservatorship -- as both companies reported negative net worth after making dividend payments to the government. Fannie may is seeking $2.6 billion from Treasury to help eliminate its $2.5 billion net-worth deficit, while Freddie Mac reported a net-worth deficit of $401 million in its fourth-quarter. The Treasury said Fannie Mae and Freddie Mac paid a combined $3.8 billion in the fourth quarter, reducing the net cost to taxpayers to $133.7 billion.

Fannie Mae reported a Q4 loss of $2.1B and a full-year loss of $21.7B last week. Freddie Mac's quarterly loss narrowed to $113 million from $6.5 billion in the same period a year earlier.

Freddie Mac's Executive Vice President Don Bisenius received a "wells notice" from the SEC for allegedly violating securities laws in the years leading up to the housing bust. Freddie Mac and Fannie Mae have been under investigation since September 2008 for their role in the mortgage crisis.

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Voyager (OTC:VYOG) Approved for AMEX Listing: VOG

Voyager (OTC:VYOG) Approved for AMEX Listing: VOGVoyager Oil & Gas (OTC:VYOG) announced today that its shares of common stock have been approved for listing on the NYSE Amex stock exchange (NYSE Amex) under the symbol "VOG." Voyager's common stock was previously traded on the OTCBB. As I write, shares of Voyager are up nearly 8 percent at $5.69 per share on heavy volume of more than 600,000 shares. The company has a market cap of $258 million and a 52-week range between $1.01 and $5.70 per share.

"This is an important milestone for Voyager. We believe that trading on the NYSE Amex will provide more liquidity for our current stockholders and increase visibility to the investment community," stated J.R. Reger, CEO of Voyager. "We are very pleased with the listing of our shares on the NYSE Amex and look forward to working further with the NYSE Amex staff."

"We welcome Voyager Oil & Gas, Inc. to the NYSE Amex family of listed companies," said Scott Cutler, EVP and Co-Head of U.S. Listings and Cash Execution, NYSE Amex. "Voyager Oil & Gas and its shareholders will benefit from the superior market quality, services and technology provided by NYSE Amex. We look forward to a strong, lasting partnership."

Voyager Oil's shares are expected to begin trading on NYSE Amex Tuesday, March 1, 2011.

You can receive more information on Voyager Oil & Gas when it hits the newswire by signing up for their email newsletter at: http://www.VYOG-IR.com

Voyager Oil & Gas is an exploration and production company based in Billings, Montana. Voyager's primary focus is oil shale resource prospects in the continental United States. Voyager currently controls approximately 138,000 net acres in the following five primary prospect areas:

* 24,000 core net acres targeting the Bakken/Three Forks in North Dakota and Montana;
* 14,200 net acres targeting the Niobrara formation in Colorado and Wyoming;
* 800 net acres targeting a specific Red River prospect in Montana;
* 33,500 net acres in a joint venture targeting the Heath Shale formation in Musselshell, Petroleum, Garfield and Fergus Counties of Montana; and
* 65,000 net acres in a joint venture in the Tiger Ridge gas field in Blaine, Hill and Chouteau Counties of Montana.

For additional information on Voyager Oil & Gas visit the Company's website at: http://www.voyageroil.com/

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SoupMan (OTCBB:SOUP): SoupNazi.....No Soup For You !!!!!

SoupMan (OTCBB:SOUP): SoupNazi.....No Soup For You !!!!!OXFORD, MS. (PennyPayDay) 2/28/2011 SoupMan (OTCBB:SOUP) -- The retail packaged soup collection made in small, hand-crafted batches by Original SoupNazi is expanding distribution to include the western division of Albertson’s, which operates over 100 grocery stores in Arizona, Colorado, New Mexico and Nevada.

These new stores are added to our customer list of fine grocers, which includes Publix; Winn Dixie; HYVEE; select Kroger’s on the east coast; and others across America. These stores currently offer Original SoupMan's retail packaged collection - five soups that include their world-famous Seafood Bisque, an Award-Winning Chicken Vegetable, Italian-Style Wedding, Tomato Basil and Broccoli & Cheese. These are the same classic recipes that Al Yeganeh created, and are still served at his iconic Manhattan location at 8th Avenue and 55th.Street, the inspiration for the famous Seinfeld soup episode.

Albertson’s has been providing customers throughout the nation the products they want, at a fair price, with lots of care along the way for the last seventy-two years. Now, with stores from Arizona to Florida and over 20,000 associates, the chain remains the favorite neighborhood food and drug retailer in every market where it does business. www.alberstonsllc.com

“Our goal is to bring Al’s famous soups from the heart of the Big Apple into homes across the country, “said Arnold Casale, CEO of Original SoupMan. “Furthering our mission, we are delighted that consumers who shop at Albertson’s can now experience the great taste of Al’s legendary soups.”

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Big Volume Today for AmeriLithium (OTC:AMEL)

Big Volume Today for AmeriLithium (OTC:AMEL)AmeriLithium Corp. (OTC:AMEL) announced today it has entered into a drilling contract agreement to commence work on its planned 8-hole drill program on the Paymaster Canyon Lithium brine project in Nevada, USA, to commence March, 2011. As I write, shares of AmeriLithium are up 7 percent at $0.31 per share on heavy volume of just over 600,000 shares compared to its average daily volume of 130,000 shares. The company has a market cap of $21 million and a 52-week range between $0.20 and $3.00 per share.

The program's 3 initial holes will test areas of significant Lithium brine potential identified by the Company's exploration program (i.e., areas marked by gravity lows and low resistivity), followed by the remaining 5 holes depending on the initial drilling results. By penetrating the formations comprising the basin fill in Paymaster Canyon, the holes should allow AmeriLithium to examine and sample the stratigraphy and lithology of the sedimentary sequence; the nature and extent of the saturated zones; and the concentration of Lithium and other constituents in the groundwater in these target zones.

Each hole is estimated to require one week's time, according to GeoXplor Corp., who will run the program along with Robert Allender, AmeriLithium's VP of Exploration. Mr. Allender will be onsite throughout the duration of the initial drilling stages. Skytech Drilling Inc. of Phoenix, Arizona, will serve as the drill operator, drawing on their significant experience from over 20 years of operation.

"We count ourselves fortunate to have the expertise of GeoXplor and Skytech in our corner for this drilling program," said AmeriLithium's Chief Executive Officer, Matthew Worrall. "GeoXplor has already proven themselves more than capable while managing our previous phases of exploration, including planning a drill program without significant surface disturbance, thereby minimizing our reclamation bonding requirements."

More information on the Paymaster Project drill program, and additional information regarding the Company, can be found at AmeriLithium's corporate website www.amerilithium.com.

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Reverse Merger for Auri and Wellstone (OTC:WFSN)

Reverse Merger for Auri and Wellstone (OTC:WFSN)Laguna Beach-based Auri Design Group, LLC – dba Auri Footwear – announced today that it has taken control of publicly traded company Wellstone Filter Sciences, Inc. (OTCBB: WFSN) via a reverse merger. Shares of Wellstone Filter Services closed on Friday, February 25, 2011 at $0.35 per share and has a market cap of $33 million.

The agreement closed February 25, 2011 and resulted in Auri Footwear becoming a public company. The name of the company will be changed to “Auri, Inc.” As a result of the reverse merger, the previous owners of Auri now own and control the majority of the common stock of Wellstone Filter Sciences, replacing the current management with an Auri management team. Auri CEO and President Ori Rosenbaum will remain with the company in the same role. Auri selected a reverse merger rather than a traditional IPO in order to avoid the heavier costs and extended timeframe usually associated with a traditional IPO process.

“We believe this company is poised for the type of growth that would simply outpace an organically funded venture of this scale,” stated Ori Rosenbaum, CEO and President of Auri. “Our products and brand positioning are spot-on and with access to the public markets, we hope to be able to take advantage of opportunities and execute strategic growth initiatives that we’ve previously had to pass up.”

“It’s a great day for our shareholders,” stated Wellstone’s CEO L. Jeremiah Hand. “Auri is an incredible brand that has the potential to revolutionize the footwear industry. The products have already proven to be highly successful at retail and we are very impressed with Auri’s management team.”

Auri designs and markets fashion footwear for men and women, fused with performance engineering, innovative designs and advanced technical materials. Crafted with Italian leathers and hand burnished finishes, the products incorporate a seamless fusion of next level technologies including active suspension systems, compression control and anti-fatigue, removable foot beds, Outlast temperature regulating linings, Liquicell ultra-thin liquid-filled interface technology, and encapsulated gel technologies.

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MusclePharm (OTCBB:MSLP): Teams with New Golf Tour

MusclePharm (OTCBB:MSLP): Teams with New Golf TourOXFORD,MS. Feb. 28, 2011 (PennyPayDay) -- MusclePharm Corporation (OTCBB:MSLP), an expanding U.S. nutritional supplement company, is pleased to announce that it will be the official supplement provider of the Xempt Player Series (XPS), a new professional golf tour that will debut in April 2011.

The Xempt Player Series is open to men, women and seniors who have aspirations of playing professional golf. The debuting series will feature participants competing from all over the United States, with each participant vying for part of the $200,000 total purse that is up for grabs at the XPS Championship in August.

MusclePharm's sponsorship of the XPS also signals the introduction of its innovative MuscleGel product into the golf market. Each professional golfer at all 31 nationwide XPA tournaments will receive MuscleGel during tournament play. The convenient gel-based formula, which has drawn favorable reviews since its introduction, offers high-quality protein that can be consumed on the go without liquids or mixing.

"The XPS is a tour that is great for an aspiring golfer who is trying to make it to the next level and I am very excited to have a major brand like MusclePharm on board to support their dream of playing professional golf," XPS CEO and Founder Gerry Hammond said. "MuscleGel is one of the best products I have ever used and it will be perfect in a golf-tour setting. These players need something light that they can carry with them on the course, and MuscleGel is an incredibly convenient and high-quality product."

The XPS' stroke play competition will start with as many as 120 golfers competing at each local XPS qualifying tournament across the United States. Those who qualify will then take part in one of five regional qualifier tournaments, with 24 players advancing from each region to the year-end XPS championship. The XPS champion will win more than $86,000 in prize money and benefits, making it an ideal stage for MusclePharm to introduce Muscle Gel to the golf marketplace.

"MusclePharm considers itself 'The Athlete's Company' and our goal is to make an impact in every sport. We are excited to be working with the XPS and we look forward to its launch in April," MusclePharm President Cory Gregory said. "This grassroots approach will help get MuscleGel into golfer's hands and we are confident they will like the product. It will be an easy and convenient way for the golf community to get protein during their match play, as well being a great recovery tool for these athletes after playing as much as 36 holes over two days."

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Some LargeCap Stocks to Keep an Eye on Today

Some LargeCap Stocks to Keep an Eye on TodayHSBC, Europe's biggest bank, said pretax profits in 2010 more than doubled to $19.04 billion from $7.04 billion a year earlier, but the figure came in below analysts' estimates. Shares of HSBC were down 4.3% to $54.80 in premarket trading Monday.

Ventas agreed to acquire Nationwide Health Properties in a stock-for-stock deal valued at $7.4 billion. There were no premarket trades for either of the real estate investment trusts. Ventas closed at $57.19, up 1.9%, on Friday, while Nationwide rose 2.4% to $38.96.

A fund of financial company JPMorgan is in discussions to buy a significant stake in Twitter, the rapidly-growing social networking site. Premarket quotes weren't available for shares of JPMorgan. The stock finished Friday's trading session at $46.68, up 1.7%.

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QuickSilver (NYSE:ZQK): Skate Getting Traction in Slow Economy

QuickSilver (NYSE:ZQK): Skate Getting Traction in Slow EconomyBy: Think Equity Research

QuickSilver (NYSE:ZQK): Recent ActionWatch data highlights improving business trends for core skate and surf shops across the U.S. in 4Q. We view this channel as a bellwether for overall industry demand (and brand-specific trends), given our view that core skate and surf channels help define and set trends within the action sports industry, with these trends subsequently carried through to more mainstream channels of distribution. However, while industry trends are improving, they remain negative on a Y/Y basis for Quiksilver brands, which we believe suggests that Quiksilver has significant work ahead of it with respect to stabilization of the U.S. business.

Skate/Surf industry sales and inventory trends improving. ActionWatch POS data leaves us comfortable with our strong growth assumptions in core channel. C4Q data from ActionWatch, which captures Point of Sale data from over 100 core skate surf shops suggests a healthy uptick in sales from the channel, with total industry same store sales up 4.6% Y/Y in C4Q (December), following several quarters of declines. Inventory trends are also healthy, with C4Q inventory growth of 4% Y/Y, acceleration from 1.7% Y/Y growth in 3Q.


Quiksilver sell-in and sell-through in core channel remains challenging. ActionWatch data indicates that total Quiksilver revenue in the core U.S. channel was down 19.6% Y/Y in 4Q versus 3Q sales in the core channel down 19.6% Y/Y, with retailer inventories of Quiksilver brands down 14.3% in 4Q, versus 12.4% inventory declines in 3Q. This suggests to us that demand trends remain challenging for core Quiksilver brands. Note that we view ActionWatch data as a useful tool to evaluate direction of sales and inventory trends and not the magnitude of sales trends, given the modest sample size of the data set.

Reiterating FY11 Revenue and EBITDA estimates. Given signs that improvement in business trends is taking hold (albeit slowly), we are increasingly comfortable with our F1Q and FY11 sales and adjusted EBITDA estimates. Our model is for adjusted FY11E EBITDA of $212.7M, slightly below prior year levels of $214.3M. Full year guidance is for slight sales growth and adjusted EBITDA roughly in line with FY10. The company expects F1Q sales to be down 5% Y/Y, with EBITDA down up to $10M from prior year levels of $38.9M.

Adjusting EPS estimates to reflect adjustments to our (previously incorrect) tax assumptions. We are revising our FY11 EPS estimates from $0.33 to $0.20 and our FY12 EPS estimates from $0.46 to $0.41. This is due to a change in our income tax expense assumptions, which were previously incorrectly understated as we miscalculated international income tax expense. Our model is now in line with company guidance with respect to annual tax expense.

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3 Things To Know Before Trading

3 Things To Know Before TradingStocks were generally higher on the session in Asian trade. The Hang Seng gained 1.4% and the Nikkei and Shanghai added 0.9%, but Australia lost a slight fraction. The same can be said for European indexes, the Dax is currently up about one percent but the Footsie is essentially unchanged. US stock futures are up about a half of a percent.

*The preliminary January reading of Japan’s Industrial Production missed the forecast of +4.0% on a monthly basis, but still rose 2.4% for the month.

*Libya is ongoing and so too are protests in Bahrain.

*The January reading of Japan’s Retail Trade was better than forecast at +0.1%; it had been expected to fall 1.5% from the month before.

*Finn Gael leader Enda Kenny will push for a quick formation of an Irish government after a resounding victory in Ireland’s election and he plans to renegotiate Ireland’s bailout deal, including a lower interest rate on the loans and end the protection for senior bank bondholders.

*The January reading of Germany’s Import Price Index was stronger than expected with a monthly gain of 1.5%.

*There are a couple of Fed speakers on the calendar today. NY Fed boss Dudley will talk about the economic outlook at 7:30am CST and Boston Fed’s Rosengren will participate in a panel discussion about the financial crisis at 7:45am CST.

*The January reading of Personal Income and Spending are due out at 7:30am CST. Income is expected to be +0.4% and the estimate for Spending is +0.4%. The PCE Core inflation measure is forecast to be +0.1% on the month and +0.8% on a year on year basis. The February reading of the Chicago Purchasing Managers Index is due out at 8:45am CST, but three minutes earlier for subscribers. The Chicago Index is expected to fall 1.3 points on the month to 67.5. The January reading of Pending Home Sales is due out at 9:00am CST and is expected to be down 2.3% from the month before.

*The Dallas Fed Manufacturing Index is due out at 9:30am CST, it is expected to rise two points on the month to 12.9.

*The Fed is scheduled to buy Treasuries today that are due to mature on 8/31/13 and 2/15/15; the results of the operation will be announced just after 10:00am CST.

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Friday, February 25, 2011

Digital Angel (OTC:DIGA) Announces $2M Private Placement

Digital Angel (OTC:DIGA) Announces $2M Private PlacementDigital Angel (OTC:DIGA) announced in a press release today that it has entered into a Securities Purchase Agreement with certain investors, including Hillair Capital Investments LLC, for the purchase of $2 million of senior secured debentures. The closing of the sale of the debentures under the Securities Purchase Agreement is anticipated to occur on or about February 25, 2011, subject to customary closing conditions.

As I write, shares of Digital Angel are up slightly at $0.50 per share on light volume.

The debentures mature on July 1, 2012 and accrue interest at a rate of 16% per annum. Principal payments are due on a quarterly basis beginning on October 1, 2011, with interest payments also due quarterly beginning on April 1, 2011. In connection with the Securities Purchase Agreement, the Company issued warrants to purchase up to 8 million shares of its common stock. Fifty percent of the warrants may be exercised at any time through the maturity date at an exercise price of $0.45 per share. The remaining fifty percent of the warrants may be exercised at any time for a period of 5 years at an exercise price of $0.45 per share.

The funding will provide additional capacity and flexibility as the Company moves forward on the final steps of its restructuring. Digital Angel has previously indicated that it will focus on Destron Fearing, its Animal Identification Business, in the future. In order to complete the transition to a single, focused business, key contracts in its non-core businesses need to be completed and the businesses divested. These activities are expected to be completed during 2011.

"This short term financing provides adequate capital while we continue to move closer to the final restructuring steps of Digital Angel,” said Joe Grillo, Chief Executive Officer of Digital Angel. "We are entering the critical final phases of contractual obligations of our non-core businesses while continuing to have active discussions with several potential interested acquirers of those businesses. By all indications, we are moving towards a successful restructuring and timely repayment of this financing within 18 months at the outside.”

Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. (NASDAQ:RODM) acted as the exclusive placement agent for the transaction.

Digital Angel is a technology company in the field of animal identification and emergency identification solutions. Digital Angel's products are utilized around the world in such applications as pet identification, using its patented, FDA-approved implantable microchip; livestock identification and herd management using visual and radio frequency identification (RFID) ear tags; and global positioning systems (GPS) search and rescue beacons for army, navy and air force applications worldwide.

For further information please visit www.digitalangel.com.

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Primus (OTC:PMUG) Approves Arbinet Acquisition

Primus (OTC:PMUG) Approves Arbinet AcquisitionPrimus Telecommunications Group (OTC:PMUG), a global facilities-based integrated provider of advanced telecommunications products and services, announced the results of its special meeting of stockholders held earlier today. Primus' stockholders voted to approve the issuance of shares of Primus common stock in connection with the company's proposed acquisition of Arbinet and pursuant to the merger agreement with Arbinet. Primus' stockholders also approved the Primus Telecommunications Group, Incorporated Management Compensation Plan, as Amended.

Shares of Primus are up slightly today at $15.47 per share on light volume of 13,600 shares compared to its average daily volume of 50,035 shares. The company has a market cap of $152 million and a 52-week range between $5.75 and $16.25 per share.

Approximately 67.73% of the shares of Primus common stock issued and outstanding as of the close of business on Wednesday, January 12, 2011, the record date for the special meeting, were present in person or by proxy at the special meeting. Of the shares present at Primus' special meeting, approximately 99.95% were voted in favor of the issuance of shares of Primus common stock in connection with the proposed acquisition of Arbinet.

Primus' completion of the acquisition of Arbinet is subject to the satisfaction of all other closing conditions in the merger agreement, including, but not limited to, the approval and adoption of the merger agreement by Arbinet's stockholders. Primus continues to expect that the transaction will be completed on February 28, 2011.

Primus Telecommunications Group, Incorporated is a provider of advanced communication solutions, including, traditional and IP voice, data, mobile services, broadband Internet, collocation, hosting, and outsourced managed services to business and residential customers in the United States, Canada, Australia, and Brazil. Primus is also one of the international wholesale service providers to fixed and mobile network operators worldwide. Primus owns and operates its own global network of next-generation IP soft switches, media gateways, hosted IP/SIP platforms, broadband infrastructure, fiber capacity, and data centers located in Canada, Australia, and Brazil. Founded in 1994, Primus is headquartered in McLean, Virginia.

For more information visit: www.ptgi.com.

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American Power (OTC:AMPW) Raises $500K from PIPE

American Power (OTC:AMPW) Raises $500K from PIPEAmerican Power (OTC:AMPW) announced today the closing of a non-brokered private placement financing resulting in gross proceeds of $500,000. The net proceeds of the financing will be used for the exploration and development of the Pace Coal Project located in Judith Basin County, Montana, as well as for general corporate purposes. As I write, shares of American Power were up slightly at $1.47 per share on volume of more than 300,000 shares. The company has a market cap of $134 million and a 52-week range between $0.61 and $2.18 per share.

To date, American Power has procured a total of $2.0 million from the same institutional investor, of which $1.4 million were received under the framework of a financing agreement. Under the terms of the Agreement, the Company may, from time to time, request an advance from Black Sands Holdings, Inc. up to $1,000,000, in integral multiples of $100,000 per request for operating expenses, acquisitions, working capital and general corporate activities.

Following receipt of any Advance, the Company shall sell and issue Black Sands units, each unit consisting of one share of common stock and a warrant to purchase one share of common stock at the Unit Price. The “Unit Price” shall mean a price equal to 75% of the volume weighted average of the closing price of the common stock for the ten business days preceding the date of any notice requesting an Advance, as quoted on Nasdaq or such other quotation system as agreed upon by the Company and Black Sands. Each warrant issued as components to Units shall represent the right of Black Sands to purchase one share of common stock at an exercise price equal to 150% of the Unit Price. All warrants to be issued as components to the Units will have a three (3) year term from the date of issuance.

The latter financing agreement allows American Power to request advances for up to $10 million through a 2.5-year stock issuance agreement, which also includes a warrant component that could provide additional funding to the Company over the coming years.

"I am delighted to say that we are well financed to explore and develop the Pace Coal project. Over the last 12 months, we have raised $2 million and still can call up a further $8.6 million under the financing agreement signed in September last year," commented Al Valencia, CEO of American Power. "We continue to work hard towards the prospecting permit application to initiate drilling operations during the first half of this year and this funding is will be used towards achieving that goal," added Mr. Valencia.

American Power is a member of the Montana Mining Association, and holds approximately 29,000 acres in Judith Basin County, Montana.

For further information visit the Company's website at www.americanpowerco.com.

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Primus Telecom (OTC.BB: PMUG): Shareholders Approve Arbinet Aquisition

Primus Telecom (OTC.BB: PMUG): Shareholders Approve Arbinet AquisitionPrimus Telecommunications Group, Incorporated (OTC.BB:PMUG), a global facilities-based integrated provider of advanced telecommunications products and services, announced the results of its special meeting of stockholders held earlier today. Primus' stockholders voted to approve the issuance of shares of Primus common stock in connection with the company's proposed acquisition of Arbinet and pursuant to the merger agreement with Arbinet. Primus' stockholders also approved the Primus Telecommunications Group, Incorporated Management Compensation Plan, as Amended. Approximately 67.73% of the shares of Primus common stock issued and outstanding as of the close of business on Wednesday, January 12, 2011, the record date for the special meeting, were present in person or by proxy at the special meeting. Of the shares present at Primus' special meeting, approximately 99.95% were voted in favor of the issuance of shares of Primus common stock in connection with the proposed acquisition of Arbinet.

Primus' completion of the acquisition of Arbinet is subject to the satisfaction of all other closing conditions in the merger agreement, including, but not limited to, the approval and adoption of the merger agreement by Arbinet's stockholders. Primus continues to expect that the transaction will be completed on February 28, 2011.

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Attitude Drinks (ATTD.OB) Technical Video Stock Chart

The ATTD chart could be in the early stages of a climb off the bottom. The years started with a bang and the pps has slipped back, but is holding a higher low with support established at 2 cents. Technical traders will be on alert for this key area to hold and looking for some volume to push the share price to challenge the 50 dma that is right in front of yesterday's close at $0.023.

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Some LargeCap Stocks to Keep an Eye on Today

Some LargeCap Stocks to Keep an Eye on TodayDepartment store J.C. Penney reported that fourth-quarter net income grew 35.5% to $271 million, or $1.13 a share, from $200 million, or 84 cents a share, a year earlier. Adjusted earnings per share from continuing operations were $1.23. Net sales increased about 3% to $5.7 billion from $5.55 billion. On average, analysts were calling for earnings of $1.08 a share on revenue of $5.7 billion. Shares of J.C. Penney were rising 1.6% to $37.15 in premarket trading Friday.

Aerospace giant Boeing was awarded a $35 billion contract by the Pentagon for an aerial refueling tanker jet. Shares of Boeing were rising 4.9% to $74.25 in premarket trading Friday.

American International Group reported net income of $11.2 billion and earnings per share of $16.60 for the fourth quarter of 2010. Shares of AIG were up 0.7% to $41.72 in premarket trading.

TV network CBS and Warner Bros. Television have decided to end production for the rest of the season on TV comedy Two and a Half Men because of comments star Charlie Sheen made about the show's producer. CBS was up 0.3% to $22.10.

Footwear company Deckers Outdoor reported heavy demand for its UGG brand boots. The stock was jumping 7.7% to $96.75 in premarket trading.

San Francisco-based cloud computing company Salesforce.com crushed the consensus view for its fourth-quarter results. Shares of the company were higher in premarket trading, surging 9.4% to $147.

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SecurityAlert (OTC.BB:SCRA): Reaches Agreement with State of Minnesota

SecurityAlert (OTC.BB:SCRA): Reaches Agreement with State of MinnesotaOXFORD,MS--(PennyPayDay - 02/25/11) - SecureAlert (OTC.BB:SCRA), a leading international provider of patented, wireless electronic monitoring systems and services to public safety agencies, announces that their subsidiary, Midwest Monitoring and Surveillance, Inc., has reached agreement to provide patient tracking system inside the Minnesota Sex Offender Program at Moose Lake, Minnesota for a contract price of $725,456. The project began on February 9th, and is expected to take approximately 90 days to install and become fully functional.

"The Moose Lake project further demonstrates SecureAlert's ability to deliver a variety of monitoring solutions in support of a broad range of offender-specific customer needs," said Gary Shelton, President of the Midwest Monitoring and Surveillance operating division of SecureAlert, Inc. Mr. Shelton continued that "the State of Minnesota and the Moose Lake facility management team have been very deliberate in their efforts and diligent in their requirements to seek out the most efficient and effective solution available in the marketplace today." "We are very proud to have the opportunity to service this critical program," concluded Mr. Shelton.

"We continue to see an increased demand for 24/7 intervention monitoring solutions and for offender-specific applications," said John L. Hastings, President and Chief Operating Officer of SecureAlert, Inc. Mr. Hastings continued, "Even though these offenders are held within a secured facility to help correct their behavior, there is a need for these offenders to understand that they are under constant supervision, and the need for them to abide by every rule and requirement placed upon them by their counselors. Electronic monitoring is but one of the tools necessary to assist facility staff with helping patients understand that they have boundaries and accountabilities and that their movements do not go unchecked."

"We are pleased that our subsidiary Midwest Monitoring and Surveillance has continued to perform and win contracts that are driving SecureAlert towards profitability. We are grateful for their commitment and the partnership which we have achieved," concluded Mr. Hastings.

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3 Things you need to know before Trading Today

3 Things you need to know before Trading TodayOXFORD, Mississippi, Feb 25. 2011/PennyPayday.com/ - Stocks were generally higher in Asian trade. The Hang Seng was among the strongest with a gain of 1.8%, the Nikkei was up 0.7% and Australia added more than a half percent, but Shanghai was unchanged on the day. European indexes are also broadly higher on the session with the Footsie up about 0.9% and the Dax up a half percent. US stock futures are up by more than a half percent.

*Libya is ongoing.

*The January reading of Japan’s Consumer Price Index, ex-fresh food, is -0.2% on a year over year basis, up from -0.4% the month before and one tenth higher than forecast. However the February reading of that inflation measure for Tokyo was more deflationary at -0.4%, down twice the result from January.

*German states have been releasing the February reading of their Consumer Price Indexes this morning, including: Saxony +0.5% on the month and +2.2% year on year; Brandenburg +0.6% and +1.8%; Hesse +0.6$ and +1.8% and Bavaria +0.5% and +2.1%. The national CPI report is due out later this morning, it is expected to be +0.5% on a month on month basis and +2.1% year on year.

*The first revision of the UK Q4 GDP was downward. Growth is now said to have fallen 0.6% on a quarter on quarter basis, one tenth worse than previously thought and the annualized rate was revised to +1.5%, the initial report put it at +1.7%.

*The first revision of the US Q4 GDP is due out at 7:30am CST. Headline GDP is expected to be revised up one tenth from the initial report to 3.3%, but the Personal Consumption component is forecast to be taken down a couple of tenths to 4.2%, while the estimate for the Price Deflator is steady at 0.3%. The Core PCE inflation measure is also expected to be unrevised at +0.4%. The final February reading of consumer sentiment from the University of Michigan is due out at 8:55am CST, it is expected to be revised higher by three tenths from the preliminary result to 75.4, it was 74.2 in January.

*Richmond Fed boss Lacker and Fed Governor nominee Diamond will talk about the bank stress tests at a business conference at 9:15am CST. Later on at the same conference, at 12:30pm CST, there will be a discussion on unconventional monetary policy that will include Fed Governor Yellen, ECB VP Constancio, and BOE deputy Governor Bean.

*The Fed is scheduled to buy Treasuries today that are due to mature between 5/15/18 and 2/15/21; the results of the operation will be announced just after 10:00am CST.

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China Redstone Group (OTCBB:CGPI) Plots sales increased 7.0% year-over-year to $3.8 million

China Redstone Group (OTCBB:CGPI) Plots sales increased 7.0% year-over-year to $3.8 millionOxford, Mississippi, Feb 25, 2011/PennyPayday.com/ China Redstone Group (OTCBB:CGPI), the largest private provider of cemetery products and services in Chongqing, China, today reported the sales of the cemetery plots for January 2010. China Redstone sold 524 cemetery plots in January 2011, representing a decrease of 12.1% from the same period last year. The Company offers several plot options with range in size and location on the property. With a range of plot prices from $5,053 to $11,415, the average selling price was $7,202 per plot during January, an increase of 21.8% from $5,913 last year.

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Thursday, February 24, 2011

Delta Petroleum Corp. (DPTR) Technical Video Stock Chart

The DPTR chart has been trending in this area for about five months and holding a support at 72 cents. The bollinger bands have tightened and are starting to gap apart a little bit as the share price looks like it could be getting ready to take a run at the 200 day simple moving averaged (currently at $0.834). Technical traders are on alert for volume to continue to increase after a rise in shares changing hands yesterday.

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China Sky One Med (CSKI) Stock video Chart

After a sharp fall over the last year, the CSKI chart is once again trying to form a base. A pincher play pattern is being established which performed well the last time it formed. Technical traders are on alert as the chart is in play as long as the bottom support stays intact.

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Exterra Energy (OTC:EENI) Looking for Merger Assistance

Exterra Energy (OTC:EENI) Looking for Merger AssistanceExterra Energy (OTC:EENI) announced today, in a press release, that it is in the process of negotiating with the hiring of an Investment Banking Firm to assist The Company with its current merger negotiations. As I write, shares of Exterra Energy were down 14 percent at $0.77 per share on light volume. The Company has a market cap of $7.6 million and a 52-week range between $0.35 and $2.45 per share.

Robert Royal, Chairman of Exterra, said, “The appropriate Merger Candidate would be a successful Oil and Gas Exploration and Production (E & P) Company with greater Oil and Gas assets, revenues, and earnings. This candidate would also further enhance Exterra with industry management, technical and field Professionals with proven expertise that will enhance shareholder value.”

Mr. Royal commented further, “The planned merger would increase Exterra’s Oil & Gas Assets, revenues and earnings that current Management believes would take Exterra to the next level, and qualify The Company’s intent to list its shares on the NYSE/AMEX Stock Exchange. In addition, management believes that a successful merger with the appropriate merger candidate would qualify Exterra to successfully negotiate with certain Investment Banking Firms, to raise capital, both registered and private placements, which have shown an interest in Exterra in the past.”

Exterra Energy is an emerging oil and gas exploration production company based in Amarillo, Texas, with a Field Office in Parker County, Texas.

For more information, please visit the company’s web site at www.exterraenergyinc.com.

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Forex International Trading (OTCBB:FXIT): Buys More of ForexNYC

Forex International Trading (OTCBB:FXIT): Buys More of ForexNYCForex International Trading Corp (OTCBB:FXIT), a company, through its affiliates, which is principally engaged in offering a web-based foreign currency trading platform to non-US residents, professionals and retail clients, today announced that it has finalized its acquisition of an additional 30% interest in Forex New York City LLC ("ForexNYC"). In December 2010, the Company originally acquired a 20% interest in the New York-based Forex investment training facility. As a result of this latest acquisition, the Company now owns a 50% equity interest in ForexNYC.

“We are happy with the relationship we have developed with Forex New York City and see them as an important piece of our expansion strategy” commented Darren Dunckel, CEO of Forex International Trading Corp. “Utilizing our educational and training arm, the Company intends to continue to expand our operations in the United States.”, added Darren Dunckel.

The Company, through ForexNYC, provides introductory training as well as advanced training for retail traders that use the web-based trading platform for buying and selling currencies, precious metals and commodity futures.

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Biolargo (OTCBB:BLGO): Former Pepsi VP Joins Team

Biolargo (OTCBB:BLGO): Former Pepsi VP Joins TeamBioLargo (OTCBB:BLGO) announces today that water expert and former Pepsi-Cola International VP of Technical Services, Harry DeLonge has joined the BioLargo management team as a senior advisor. Mr. DeLonge will work closely with BioLargo to help it capitalize on opportunities to commercialize its technology in the food and beverage industry. "I believe that the BioLargo technology presents a unique and cost effective solution that will complement and enhance food and beverage companies' efforts to advance their own sustainable water treatment initiatives throughout the world. I look forward to assisting management in this important work." Harry DeLonge is the President of Tri-Lake Group, a division of DeLonge Technologies, Inc.

He is a recognized expert in the food and beverage industry and frequent consultant and advisor to leading food and beverage companies throughout the world. His invention, "HOT" (Heat Optimized Technology) for carbon towers has been successfully deployed in a number of plants with leading companies. Mr. DeLonge had a 40+ year career with Pepsi-Cola International, serving as VP of Technical Services and VP of Manufacturing Technology with responsibilities encompassing over 300 beverage plants.

He played a key role in assisting Pepsi's expansion into China. He has been awarded a number of patents in the area and is well published. He is the past President and multiple award recipient of the International Society of Beverage Technologists (ISBT). He is a "Life" member of the AWWA (Gold Water Drop Award) and a member of a number of professional societies.

"With more than 40 years experience that literally spans the globe, we consider ourselves fortunate to have such a knowledgeable technical expert and supportive mentor to guide us in preparing to serve this important industry," stated Dennis P. Calvert, President & CEO. "Our recent technical advancements are opening up commercial opportunities within any industry that must contend with contaminated water solutions."

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TheraBiogen (OTCBB:TRAB): Deal with Miami Heat and Walgreens

TheraBiogen (OTCBB:TRAB): Deal with Miami Heat and WalgreensTheraBiogen, Inc. (OTCBB:TRAB) announced today that it has entered into a partnership with the Miami HEAT and South Florida Walgreens. Through a relationship with JumpStart, Inc., TheraMax® was chosen as an official partner of a program between the Miami HEAT and Walgreens. The program will encompass product sales and promotions in Walgreens pharmacies in South Florida as well as joint promotion on select Miami HEAT advertising and marketing assets.

TheraBiogen has been selling TheraMax® Cold & Flu Relief and TheraMax® Allergy Relief since the beginning of the 2010 Fall Season for cold and flu relief. TheraMax® products are homeopathic nasal sprays that do not contain zinc.

“We are very excited to team up with the HEAT and Walgreens on this opportunity,” said Kelly Hickel, CEO of TheraBiogen, Inc. “This will make more consumers aware of our products and provide an important product to Walgreens customers. As we expand our presence in South Florida Walgreens, we expect to see the same great support from consumers that we have seen since our national launch in October of last year.”

TheraMax® has been approved for sale and is now available in over 300 South Florida Walgreens locations. For more information on TheraMax go to www.theramaxrelief.com.

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Galaxy Gaming (OTCBB:GLXZ): Joining TableMAX to Market e-Table Platform

Galaxy Gaming (OTCBB:GLXZ): Joining TableMAX to Market e-Table PlatformGalaxy Gaming (OTCBB:GLXZ) announced today it has entered into a definitive agreement with TableMAX Gaming, a provider of electronic table games and platforms headquartered in Las Vegas. Under the agreement, signed on February 21, 2011, the Company now has exclusive worldwide rights (excluding one international and two U.S. territories) to the TableMAX electronic gaming platform ("e-Tables") and numerous game titles for the e-Table platform including Caribbean Stud(R), Caribbean Draw(R), Progressive Blackjack(R), Texas Hold'em Bonus(TM) and Blackjack Bullets(TM).

The TableMAX e-Table system is a fully automated electronic table game platform designed to play card games without the requirement for a live dealer. Each table has five player positions and up to four tables may be configured together to accommodate as many as twenty players. Casinos use e-Tables in lieu of live table games to (1) offer their players lower limit games, (2) introduce players to new table games, (3) reduce labor costs, and (4) eliminate human error. The first TableMAX e-Table system was placed into casinos in the United States in 2002 after being introduced in South Africa in 2000. The existing installed base of TableMAX e-Tables is being assigned to Galaxy which will recognize the revenue and be responsible for servicing the accounts.

"This is a historic event in Galaxy Gaming's journey to become the industry's leader in providing casino table games," stated Robert B. Saucier, Galaxy Gaming's CEO. "The TableMAX fully automated e-Table system is the perfect complement to our live table game products and systems. Now, Galaxy's entire library of game titles, as well as those we will develop, will receive the added benefit of a new distribution channel via e-Tables. The revenue we derive from the existing units placed as well as all new placements is accretive to our core business of live table games and platforms."

The agreement with TableMAX Gaming also provides Galaxy Gaming with multiple financing arrangements. Specifically, TableMAX Gaming has committed to establish or guarantee a substantial line of credit for the continued development, manufacturing and installation of future e-Table placements. In addition, Galaxy Gaming will be reimbursed by TableMAX for any potential losses it may incur as a result of its newly created "TableMAX Division."

The Company also announced that it has added Richard Baldwin to its Board of Directors, effective April 1. Formerly, Mr. Baldwin held executive positions with several gaming companies including Anchor Gaming, IGT, Tropicana Entertainment and as a corporate finance consultant for Herbst Gaming. From 2004 to 2007 he served as Chief Financial Officer for Shuffle Master Gaming, Inc. In the last year, Mr. Baldwin has performed as a consultant to TableMAX Gaming and worked on the transaction with Galaxy Gaming.

"Rich is extremely well respected in the gaming industry and his attitude, knowledge and experience will contribute greatly to our Board," commented Mr. Saucier. "I have thoroughly enjoyed working with Rich on completing this transaction. I eagerly welcome him to our Board."

Gaming also announced that it has scheduled an investor conference call to discuss the TableMAX venture and is inviting interested parties. The call is scheduled for Tuesday, March 1 at 1:30pm Pacific Time. To participate, dial (888) 684-1281 in the U.S. and Canada or (913) 312-1517 for all other international locations. Passcode is 1168386.

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Vystar® (OTCBB:VYST): Are The Day's of Natural Rubber over?

Vystar® (OTCBB:VYST): Are The Day's of Natural Rubber over?Vystar® Corporation (OTCBB:VYST), the exclusive creator of Vytex® Natural Rubber Latex (NRL), a multi-patented, all-natural raw material that contains significantly reduced levels of the antigenic proteins found in natural rubber latex, announces that Pioneer Balloon Company, the largest manufacturer of latex balloons in the United States, has begun production using Vytex Natural Rubber Latex in its premium line of Qualatex® brand balloons. Pioneer will work to increase their global market share with Vytex NRL and will be the exclusive toy balloon manufacturer using Vytex NRL. After extensive testing trials, Pioneer concluded that balloons made with Vytex NRL possessed significant color superiority over those made with traditional natural rubber latex. As a result, Pioneer has been able to enhance its current balloon offerings to its extensive client portfolio, which includes decorators and other balloon professionals.

"Vytex NRL is a superior natural rubber latex," commented Ted J. Vlamis, VP of Pioneer Balloon Company. "Through our testing phase, we found that Vytex NRL produced balloons with enhanced clarity and color vibrancy, which are key characteristics that our high-end customers require. We believe that the positive attributes that Vytex adds to our products will give us an advantage over competitors in the marketplace. Sales of Vytex have just begun, and we look forward to working with Vystar as we introduce balloons made with Vytex into our global distribution channel."

William R. Doyle, President and CEO of Vystar, commented, "We are pleased to be working with the number one manufacturer of latex balloons in the nation. We are proud that in addition to improvements exhibited by balloons made from Vytex NRL, we offer a product that is environmentally friendly. As Pioneer expands its global reach, we expect greater attention to be paid to the advantages of Vytex NRL. Our distributor began shipping orders to Pioneer this quarter with plans to ramp up production as Pioneer rolls out products made with Vytex to their worldwide distribution channel."

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Sauer Energy (OTC:SENY) Reports on UN Global Compact

Sauer Energy (OTC:SENY) Reports on UN Global CompactSauer Energy (OTC:SENY), a developer and producer of home and enterprise scale vertical axis wind turbine (VAWT) systems, today reports in a press release on the Communication on Progress (COP) with the United Nations Global Compact. I also received e-mails from Beacon Equity and MicroStockProfit advising adding Sauer Energy to my watch list. The last recorded share price for Sauer Energy was $1.19 per share. The company’s market share is $92 million and has a 52-week range between $1.00 and $1.30 per share.

"The UN Global Compact is clearly visible in our overall business strategy. To build a sustainable future in renewable energy we abide by the Principles of the UNGC. We strive to reduce our environmental impact and to help others in their efforts to do the same," states Dieter Sauer, Chief Executive Officer of Sauer Energy.

"Responsible action is only possible without isolation and must be sustainable. With joint initiatives on all sides, we become a partner in the world. Within our focus, there is a solution for everyone. From our inception, we have been an example of a responsible and transparent corporation," stated Mr. Sauer.

Sauer Energy manufactures small wind Turbine Systems that can be roof mounted on homes or small buildings.

For more information about Sauer Energy, please visit the company’s Web site: www.sauerenergy.com.

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Some LargeCap Stocks to Keep an Eye on Today

Some LargeCap Stocks to Keep an Eye on TodayDepartment store Kohl's said that fiscal fourth-quarter earnings rose to $1.66 a share from $1.40 a year earlier, in line with analysts estimates. In addition, Kohl's raised its share repurchase program by $2.6 billion to $3.5 billion and declared a quarterly dividend of 25 cents a share. Kohl's was falling 0.2% to $51.92 in premarket trading Thursday.

Gold and copper producer Newmont Mining reported that fourth-quarter net income rose about 46% to $812 million, or $1.61 a share, from $558 million, or $1.13 a share, a year earlier. On an adjusted basis, earnings per share were $1.16. Sales rose about 1% to $2.55 billion from $2.52 billion. Analysts, on average, were expecting earnings of $1.13 a share on revenue of $2.57 billion. Shares of Newmont were up 1.2% to $59.79 in premarket trading Thursday.

Sears Holdings, the U.S. retailer, named Lou D'Ambrosio as CEO and president, and said profit in the fourth quarter topped analysts' estimates despite a 1.2% drop in domestic same-store sales. There were no premarket quotes on Thursday for Sears. The stock ended Wednesday's trading session at $87.23, down 3.3%.

Pay-TV provider Dish Network said fourth-quarter net income grew about 41% to $252 million, or 56 cents a share, from $179 million, or 40 cents a share, the year before. Revenue rose 8.2% to $3.21 billion from $2.96 billion. Wall Street consensus was looking for earnings of 54 cents a share on revenue of $3.21 billion. Dish Network shares were falling 10.6% to $20.51 in premarket trading Thursday.

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5 Things to Keep in Mind While Trading Today

5 Things to Keep in Mind While Trading TodayTHE DAY AHEAD

February 24

*Stocks were generally lower in Asian trade, although Shanghai bucked the trend with a gain of about a half percent. But the Hang Seng lost one and a third percent, the Nikkei was down 1.2% and Australia fell three quarters of a percent. European indexes is also back-footed, with the Dax off more than one percent and the Footsie off by about 0.5%. US stock futures are lower by a half to three quarters percent as I write.

*Libya continues to unravel. Although Qaddafi has not budged a member of his inner circle fled to Egypt because of his disgust over the government’s violent reaction to the protests. OPEC has taken note of the oil market reaction to the situation in Libya and may meet “if deemed necessary.” By the way, WTI crude oil prices are up another three dollars this morning, over $101, after a early morning spike above $103; Brent crude oil prices were as high as $119 last night and are still up almost $4 near $115.

*The final Q4 reading of German GDP was unrevised at +0.4% on a quarter on quarter basis and +4.0% year on year. However there was a shift in the make-up of the growth; Domestic Demand was revised down from +0.2% to -0.4% and Exports were more than doubled to +2.5%.

*The February reading of the Confederation of British Industry Retail Sales Index was an eight month low at 6, down from 37 the month before and well short of the forecast for 28. Retailers are now said to expect no growth next month.

*The Chicago Fed National Activity Index is due to be released at 7:30am CST, it is expected to improve by the slightest margin to +0.09 from +0.03 the month before.

*St. Louis Fed boss Bullard is scheduled to speak at 7:30am CST; he will give his outlook for monetary policy in 2011.

*The weekly report on Initial Jobless Claims is due out at 7:30am CST, it is expected to be 405k. Also due out at 7:30am is the January reading of Durable Goods Orders. Headline Orders are forecast to be up 2.8% on a month on month basis and the estimate for Order ex-transportation is +0.5%. The January reading of New Home Sales is due out at 9:00am CST, it is expected to show a 7.4% month on month decline for an annualized sales rate of 305k units.

*The FHFA will release its Home Price Index at 9:00am CST; the Q4 reading is expected to be -0.6% on a quarter on quarter basis and the December reading is forecast to fall 0.1% from the month before.

*Both of the energy inventory reports are set to be released this morning. Inventories of Natural Gas will be out at 9:30am CST, it is expected to show a decline of 83 bcf. The petroleum based inventory report is due out at 10:00am CST. Stocks of Crude Oil are forecast to rise 1.125 million barrels, Gasoline inventories are expected to increase 700k and the estimate for Distillates is -1.2 million.

*The Kansas City Fed will release the February reading of its Production Index at 10:00am CST; no estimate.

*The Fed is scheduled to buy Treasuries today that are due to mature between 8/31/12 and 8/15/13; the results of the operation will be announced just after 10:00am CST.

*The Treasury plans to sell $29 billion 7 Year Notes today; the results of the auction will be announced just after noon CST.

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Wednesday, February 23, 2011

Cannabis Science (OTCBB:CBIS): +34% Today as Investors Probe Undervalued Sector

Cannabis Science (OTCBB:CBIS): +34% Today as Investors Probe Undervalued SectorCannabis Science (OTCBB:CBIS) a pioneering U.S. biotech company developing pharmaceutical cannabis (marijuana derivative) products, is pleased to announce that numerous patients are reporting that Cannabis Science extract treatments are killing cancer cells. Cannabis Science, in conjunction with Rockbrook, its Colorado-licensed dispensary, consulted with a variety of cancer patients who were seeking to inform themselves of the current peer reviewed scientific literature, regarding the historical use of cannabis to treat "tumors”. Unlike most conventional cancer treatments, cannabis has an outstanding safety profile, and patients in states with medical marijuana laws are able to make an informed decision to legally try various cannabis preparations to determine what is most effective for their particular condition.

Some of these scientifically informed patients have chosen to self-administer Cannabis Science extracts supplied by Rockbrook to treat their own cancers. Cannabis Science is delighted that patients are reporting dramatic improvements in their conditions, including basal cell carcinoma, non-small cell lung cancer accompanied by COPD (chronic obstructive pulmonary disease), ovarian cancer, and glioma.

For example, a patient with basal cell carcinoma used a topical formulation to dramatically and rapidly eliminate her obvious skin cancer. Meanwhile, patients with internal tumors used oral formulations for their treatment. We currently await more complete clinical evaluations of the patients’ own reports of dramatic health improvements coincident with tumor shrinkage and disappearance.

Dr. Robert J. Melamede, the CEO and President of Cannabis Science Inc., stated, "We will pursue and acquire intra-state generated data to make these cancer medicines available to the public at large as rapidly as possible. To accomplish this goal, we will seek accelerated FDA approval. We are on the verge of a revolution in medicine. Cannabis is now returning to modern medicine for all the right reasons. State generated results give us a unique ability to acquire scientific and clinical data for cannabis-based cancer treatments. As previously announced, we will use our new laboratory facility to house analytical instrumentation, tissue culture, clean rooms and additional necessary equipment. This facility will meet or exceed all federal, state, and local requirements to allow for the necessary for FDA clinical trials.”

Cannabis Science expects to hold a press conference soon to formally announce its cancer formulation progress and future plans for cancer treatments. Brand names for our new cancer treatment drugs are currently being vetted through the company attorney for future commercial use.

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Global Earth (OTC:GLER) Ethanol Joint Venture Has Potential

Global Earth (OTC:GLER) Ethanol Joint Venture Has PotentialGlobal Earth Energy Inc. (OTC:GLER) announced today it has entered into a joint venture partnership with Innovated Concepts of Ethanol, Corp. ("ICE"), a South Dakota corporation, which is in the business of ethanol. Jim Zook, CEO and president of ICE, stated, "The joint venture will have estimated gross revenues of $80 million per year for a total revenue of $800 million for the life of the agreement with a gross revenue value to GLER of $160 million." This agreement will be in effect for 10 years with a revenue sharing of 80% to ICE and 20% to GLER, according to the press release. The company closed yesterday at $0.012 per share and has a market cap of $2.7 million.

ICE was created to serve the ethanol manufacturing industry from initial concept and design through construction, marketing, operations and processes. The ICE team is a leader with proven experience and a record of excellence in the ethanol bio-fuels industry. With a strong network of affiliate companies, ICE delivers cutting-edge technology and comprehensive services to not only create, but to maximize, bio-mass ethanol operation efficiencies.

Innovated Concepts of Ethanol, Corp. (ICE) is a bio-refining, consulting and services firm whose principals are experienced in all phases of management (business, design, construction, operations and employee training) in the ethanol industry.

Global Earth Energy provides renewable energy solutions. For more information, please visit the company’s Web site: www.globalearthenergy.com.

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Double Top-Line for Cemtrex (OTC:CTEI)

Double Top-Line for Cemtrex (OTC:CTEI)Cemtrex (OTC:CTEI) today announced its first quarter consolidated results of operations for the three months ended December 31, 2010. Revenue increased by 104 percent to $1,821,634 in first quarter ended December 31, 2010 compared to $891,454 in first quarter ended December 31, 2009. Net Income was $144,217 in first quarter ended December 31, 2010 compared to a loss of ($32,006) in first quarter ended December 31, 2009. As I write, shares of Cemtrex are up 12 percent at $0.14 per share on volume of 95,000 shares compared to its average daily volume of 43,000 shares. The company has a market cap of $5.6 million and a 52-week range between $0.01 and $0.16 per share.

Commenting on the quarterly results, Mr. Arun Govil, President and Chief Executive Officer of the Company, remarked, "We are pleased with this turnaround to profitability, and would like to thank our employees for their efforts, which have resulted in enhanced global marketing efforts, securing large projects in the international marketplace, and overall effective execution."

"We are confident in our ability to secure more such projects and create sustainable profitability for the long term," continued Mr. Govil.

Cemtrex through its subsidiaries is a worldwide participant in manufacturing and selling the most advanced equipment and systems for stack gas emission monitoring, air filtration and other environmental control products in a wide variety of industries, including power plants, refineries, chemical, steel and cement plants. Cemtrex also markets Green DCV, an innovative energy efficiency solution for high-quality green building applications, through optimizing HVAC control systems.

For more information, please visit: www.cemtrex.com.

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MK Automotive (OTCBB:MKAU): Does SBA Franchise Agreement Signal Turn in Lending

MK Automotive (OTCBB:MKAU): Does SBA Franchise Agreement Signal Turn in LendingMK Automotive (OTCBB:MKAU) announced today that The Small Business Administration (the "SBA") has approved the Company's Mike's Master Mechanics Franchise Agreement -- making it eligible for SBA financing for company-owned and franchised locations. Mike Murphy, President and CEO of MK Automotive, remarked, "It's no secret that small business financing has dried up the last several years. SBA approval means securing attractive financing for opening or acquiring Mike's Master Mechanics locations is much more likely. With SBA approval and our established relationship with Wells Fargo Bank, the loan process for our franchisees is now significantly easier and faster. We already have a number of potential SBA-financed deals in our pipeline that couldn't have taken place otherwise. In today's economy, SBA approval is key for our nationwide expansion plans and we're pleased to announce it's now in place."

Founded in 2002 with headquarters in Las Vegas, the Company recently launched its national expansion plans by franchising under the name Mike's Master Mechanics. MK Automotive's mission is to do it differently, do it better, to revolutionize the auto repair industry. MK Automotive employs independently certified professional technicians, and strives to operate as social capitalists, treating everyone fairly and nicely: customers, suppliers, employees, franchisees, shareholders, everyone. It is the Company's firm belief that long-term shareholder value is built on a combination of superior service and a strong ethical center.

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EMRISE (OTCBB: EMRI): Gets $1.5 order for In-Flight Entertainment

EMRISE (OTCBB: EMRI): Gets $1.5 order for In-Flight EntertainmentEMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced that it has received a $1.5 million order for electronic devices to be used in the external communications portion of the in-flight entertainment and connectivity (IFE&C) systems installed in a commercial aircraft. The order, which is expected to ship over a three-year period starting in the second half of 2011, was received from a longstanding customer by the Company's Pascal subsidiary in England.

The Company also announced that it was notified by FINRA today that the Company's common stock will begin trading on the OTC Bulletin Board (OTCBB), a nationally recognized electronic trading market, under the trading symbol EMRI at the open of the market on Wednesday, February 23, 2011.

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3 Things To Know Before Trading

3 Things To Know Before Trading*Stocks in Asian trade were generally lower on the session, but Shanghai was an exception with a gain of a quarter percent. But the Nikkei lost 0.8%, the Hang Seng fell about a third of a percent and Australia was down almost a quarter percent. European indexes are mixed, but both the Footsie and Dax are currently lower on the day with losses of a half percent and a quarter percent respectively. US stock futures are higher by about a third of a percent.

*Libyan turmoil is ongoing. While Qaddafi holds on to power in Tripoli there are reports that the eastern part of the country is in control of the protestors and there have been many high level military and governmental defections in favor of the uprising. Additional reports say that the oil industry continues to operate at full capacity; that deals have been struck with some tribes to allow this to happen in order to keep constant the supply electricity and heat to the nation.

*The Q4 reading of Australia’s Wage Cost Index was +1.0%, one tenth higher than expected.

*The January reading of Japan’s Merchandise Trade Balance showed a deficit for the first time in 22 months, approximately Y471 billion or $5.7 billion. While Exports were up 2.3% from a year ago, Imports gained 11.2%.

*The January reading of Switzerland’s Producer and Import Prices was +0.1% on the month and 0.0% year on year, matching the forecast in both cases.

*In January there were 28,932 loans for house purchases, according to the British Bankers Association, up slightly from the month before, but below the estimate.

*The Bank of England policy committee was a fractious group earlier this month, according to the minutes from their latest meeting. Six members voted to maintain the Bank Rate at 0.50% and keep their asset purchase target at BP200 billion. But three members, Sentence, Weale and Dale wanted to hike rates; Sentence up to 1.0% and the others up to 0.75%. And Posen wanted to keep rates steady but up the asset program by BP50 billion.

*US mortgage applications were up 13.2% in the week ended February 18, according to the Mortgage Bankers Association. Refis were strong with an increase of 17.8% on the week and applications for purchase were up 5.1%.

*The weekly report on chain store sales from ICSC showed sales to be up 2.6% on a week on week basis for the week ended February 19. The Johnson Redbook report on the same thing is due out at 7:55am CST.

*The January reading of Existing Home Sales is due out at 9:00am CST, it is expected to fall 1.1% from the month before to an annualized rate of 5.22 million units.

*The FDIC will report on Q4 bank earnings at 9:00am CST.

*The report on energy inventories will be released tomorrow because of the holiday.

*The Fed is scheduled to buy Treasuries today that are due to mature between 8/15/28 and 2/15/41; the results of the operation will be announced just after 10:00am CST.

*There are a couple of Fed speakers on the calendar today: KC Fed boss Hoenig will talk about the economy at 11:30am CST and Philly Fedster Plosser give his economic outlook at 12:30pm CST.

*The Treasury plans to sell $35 billion 5 Year Notes today, the results of the auction will be announced just after noon CST.

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Tuesday, February 22, 2011

70's Flashback Unlikely

70's Flashback UnlikelyBy:Lou Brien

Commodity prices have been on a run since the end of August. Coincidentally the rise began just as Fed boss Bernanke shouted from the mountain top in Jackson Hole, Wyoming that QE2 was on the way. Well, maybe the coincidence is just in the mind of Bernanke. Although part of the justification for the second helping of quantitative easing is to raise the level of inflation closer to two percent, give or take, the Fed Chairman told the House Budget Committee that the commodity rally is “largely as a result of the very strong demand from fast-growing emerging market economies, coupled, in some cases, with constraints on supply.” I don’t intend to quibble over the cause of the higher prices, there is likely a bit of truth in all of the arguments; the Fed, demand and weather related crop shortfalls, not to mention geo-politics. To the degree that the Fed is behind the move, the bid could dry up when the end of the ultra-easy monetary policy is in sight. The other factors do not lend themselves to such a simple calculus. But the point I want to discuss is the ability of businesses here in the US to pass along their increased costs to the consumer. To be sure the attempt will be made, however will it be sustainable and therefore set the stage for an extended inflationary episode, or will price hikes merely reduce demand and cause the economy to slow as a result.

The potential for inflation has become a widespread concern. Those who are critical of the Fed’s policy stance have evoked the Weimar Republic and the Republic of Zimbabwe as examples of a possible endgame for this supposedly mistaken strategy. Seriously?! Let’s try doing this sober. How about a comparison to the seventies, not quite so dramatic but more to the point considering that it was energy and food that led the way down the inflationary path back then and are again key factors today. But I think there are important differences between then and now that will make for very different outcomes.

One thing to remember as we start off is that the Fed’s favored inflation measure is the PCE Core. And even after two years of the funds rate bumping up against zero, one QE program under the belt and another one underway and with an unprecedented amount of fiscal stimulus, the latest reading of this inflation measure is 0.7%, the lowest level ever recorded in its fifty year history. As of now, the pricing power of American businesses is an aspiration, not a widespread reality. Evidence of that was presented in the latest report of the Philly Fed Business Activity Index. The spread between the Prices Paid and the Prices Received components has never been as wide as it is now. The input costs are not yet being passed along, but instead the larger fixed cost of employee wages has been kept under control and that has been the key to expanding corporate margins, not pricing power, not yet anyway.

For the period from January 1971 through December 1980 the headline Consumer Price Index averaged 7.9%, it was on the rise throughout that decade; it peaked out in March 1980 at 14.8%. Energy was one of the important drivers of the index; for instance the price of gasoline at the pump more than tripled during that time, the result of the OPEC oil embargo early in the decade and the Iran crisis near the end. Grain prices were also in a strong bull market most of the time back then. The PCE Core was not yet the focus of the Fed, but I will note that the deletion of energy and food from the calculation did not prevent this measure of inflation from a massive increase during those years; the ten year average almost tripled and finished the decade at 6.4%. This shows that pricing power was not a particularly big problem for businesses, and that is a key point for this comparison of eras.

Not to imply that the inflation of the seventies was a cake walk for the consumer, but consumers of that day could afford higher prices then in a way that they cannot now. Wage escalator clauses, a cost of living increase based on the prevailing level of inflation, were built into many of the post World War II pay packages, particularly the union deals. Such was the power of this clause that during a decade in which the CPI average was almost eight percent the real median income for that time frame showed an increase of two percent. For comparison sake in the last ten years the CPI has averaged 2.4%, but the real median income as of the end of 2009 was about five percent lower than it was ten years earlier. Wage escalator clauses became past tense during the eighties, in large part because strong unions were also in rapid decline. The unionized workforce now is half of what it was at the end of the seventies and those that remain are a mere shadow of their former selves, see the auto industry and Wisconsin teachers for example. For example, according to the Bureau of Labor Statistics, “Average annual major work stoppages have continued to decline by decade. From 2001-2010, there were approximately 17 major work stoppages on average per year, compared with 34 per year from 1991-2000, 69 from 1981-1990, and 269 from 1971-1980. Total days idle from major work stoppages from 2001-2010 have also decline over 90 percent from 1971-1980.” The point is that from the early eighties forward labor negotiations shifted from focusing on wage increases to bargaining for wage concession in exchange for job security; a strategy that was the result of less union leverage in conjunction with more competition from overseas production, both by foreign entities and domestic companies seeking to reduce the cost of their payrolls. This dynamic has taken its toll on the perception of the future for households, says the University of Michigan Survey of Consumers; “Given the virtual stagnation of wage gains, more households anticipated a falling inflation-adjusted income in 2011 than when the inflation rate was nearly three-times as high in 1980.”

So, because of these trends the advantage has fallen to the company, in sharp contrast to the seventies. The Unit Labor Costs (ULC) in 1980 was +10.9%, and for the decade ending that year the ULC average was +6.8%. But in the last two years the ULC was down 1.6% and -1.5% and the average for the latest decade was +0.8%. Employee costs were such in the seventies that business had to pass along their costs, or go out of business. Now, however, business has cut the cost of production; a combination of improved technology and a relative decline in their wage costs. In recent years they have not passed on the cost of their inputs because they have made up the difference through a smaller workforce, more temporary workers who don’t get benefits and slower wage gains overall. Of course this also depletes the ability of households to afford to pay more for goods and services, certainly they are not capable in the manner that they could in the seventies. Which makes me think that any attempt at broad price increases will be met with less demand and that could be a problem for the economy in the months and quarters up ahead, and not likely a sustainable period of high inflation. It seems to me that today we have a case of, “inflation, who can afford it” and back in the seventies it was “inflation, we’ll negotiate away its effect”.

This brings me back to Bernanke. Let’s imagine for a minute that the rally in commodities coinciding with the Fed’s QE2 announcement is more than happenstance. Higher input costs mean that companies must figure out how to maintain margins in an environment that may not be conducive to price hikes commensurate with increased commodity costs. If so then it could be that companies will continue to delay hiring in order to keep profits up. And if that is the case an unintended consequence of QE2 is a subpar labor market, when the opposite was the Fed’s professed desired outcome.




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Lattice (OTC:LTTC) Raises $1M from PIPE

Lattice (OTC:LTTC) Raises $1M from PIPELattice Incorporated (OTC:LTTC), a provider of technological solutions to government agencies and enterprise customers, announced today that the company has closed a $1 million financing to support growth of its communications business. The convertible preferred stock issued for this investment has an initial conversion price of $0.11 per share and are convertible into common stock. As I write, shares of Lattice are flat at $0.20 per share on light volume of just over 13,000 shares. The company has a market cap of $4.5 million.

On February 14, 2011, Lattice issued 454,546 shares of newly-created Series D Convertible Preferred Stock in return for an investment of $1,000,000 by Barron Partners LP. Lattice plans to use the net offering proceeds from this private placement to expand production capacity, establish sales offices and fund promotional efforts and fund working capital and acquisition needs. The shares of Series D Preferred Stock are initially convertible into common stock at a price of $0.11 per share. Lattice management and other investors are expected to co-invest an additional 15% or more within the next 45 days.

Lattice CEO Paul Burgess said, "This funding, which will be used to fuel the company's communications business, both domestically and internationally, will help to substantially accelerate our growth. I and other members of the management team are significant participants in this funding, which we are confident will help propel our company significantly forward.

"The terms for this investment by Barron Partners LP include additional commitments by Lattice and its management to further its present growth strategy.

"This is an exciting time for Lattice. Our communications business is now operating internationally. Our traditional core software business is also doing well. We believe this will be a strong year for Lattice, particularly with this fresh injection of capital," Burgess said.

Lattice Incorporated is a provider of advanced information and communications technology solutions to the government and commercial markets. The company's technology services division designs, deploys and manages advanced technological solutions at government agencies and for mid- to large-sized enterprises. Lattice's technology products division consists of several core proprietary platforms used to develop customized software applications with military grade security in a number of different markets.

For more information, visit http://www.latticeincorporated.com.

An investment profile about Lattice Incorporated may be found at http://www.hawkassociates.com/lttcprofile.aspx.

An online investor relations kit including copies of press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com.

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Trimedyne (OTC:TMED) Reports Quarterly Revenue of $1.7M

Trimedyne (OTC:TMED) Reports Quarterly Revenue of $1.7MTrimedyne (OTC:TMED) today reported its financial results for the quarter ended December 31, 2010. As I write, shares of the company were not trading but the last recorded price was $0.131 per share on February 18, 2011. Trimedyne has an average daily volume of just over 20,000 shares; a market cap of $2.4 million; and a 52-week range between $0.05 and $0.60 per share.

Revenues for the quarter were $1,635,000, a 1.1% decrease from revenues of $1,654,000 for the prior year's quarter. The Company had a net loss of ($293,000) or ($0.02) per share for the current quarter, compared to a loss of ($300,000) or ($0.02) per share for the same quarter of the prior year.

Marvin P. Loeb, Sc.D., CEO & Chairman of Trimedyne, said, "We regret not being able to report a lower loss for the current Quarter."

Dr. Loeb continued, "The Company recently introduced a line of 200, 365, 550 and 1000 micron Single Use optical fibers, for use with our Holmium Lasers and Holmium Lasers with a compatible connector made by others, for the fragmentation of urinary stones in the kidney, ureter or bladder, biliary stones in the gall bladder and for other applications in surgery. In the United States and other developed countries, many hospitals and surgery centers want the convenience and safety of using a new optical fiber, with a factory polished tip and confirmed sterility for each case, rather than depending on their busy nurses to clean, clip and re-sterilize Reusable optical fibers.

"These new Single Use Optical Fibers and our new VaporMAX Side Firing Fibers enable us to better serve our customers in the U.S. and other developed countries, while we continue to sell Reusable Optical Fibers in other countries where cost is a major concern."

Trimedyne manufactures proprietary Holmium lasers and patented fiber optic laser devices for vaporizing the prostate to treat BPH, vaporizing spinal disc tissue to treat herniated or ruptured discs and in a variety of other, minimally invasive procedures, many of which are performed on an outpatient basis at substantially less cost than conventional surgery.

For more information, please visit Trimedyne's website, http://www.trimedyne.com.

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Green Technology (OTC:GTSO) to Acquire Rio Del Monte Properties

Green Technology (OTC:GTSO) to Acquire Rio Del Monte PropertiesGreen Technology Solutions (OTC:GTSO) announced today that it is negotiating a letter of intent with Arizona-based WCI Brokers to acquire the Rio Del Monte Mining properties and assets in La Paz County, Ariz. GTSO is interested in potentially developing the mine into a domestic source of rare earth elements. As I write, shares of GTSO are down 11 percent at $3.55 per share on volume of just over 73,000 shares.

The Rio Del Monte property and assets include 400 deeded acres and 20 federal patent claims as well as the associated rights needed to operate the mine. Though gold and silver were once mined at Rio Del Monte, the property has most recently been used as a gravel operation. Once both parties sign the letter of intent, Green Technology Solutions will have 90 days to negotiate a potential purchase.

“This property has never been mined for rare earths before, but based on our analysis, Rio Del Monte could become a very profitable domestic source of such critical materials,” said GTSO President and CEO John Shearer. “We look forward to conducting our due diligence on this opportunity and negotiating the definitive acquisition soon.”

Green Technology Solutions acquires, develops and implements the newest clean mining technology to enable its partner clients to expand operations throughout the world. Environmental restrictions represent the largest restriction to mining industry growth and operations. GTSO focuses on overcoming these environmental restrictions with clean mining technology.

For more information, please visit http://www.GreenTech-Solutions.com.

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