Stockguru.com: Stocks to Watch for November 21, 2008 - PWVI, CYXN, UTRK, THPW, GWDC, and PVCT
M2 PressWIRE, November 21, 2008 Friday
RDATE:21112008
Our Stocks to Watch today include : PowerVerde, Inc. (OTCBB: PWVI), China Yongxin Pharmaceuticals, Inc. (OTCBB: CYXN), Universal Tracking Solutions,Inc. (OTCBB: UTRK), Thorium Power, Ltd. (OTCBB: THPW), Growers Direct Coffee Company, Inc (OTCBB: GWDC), and Provectus Pharmaceuticals, Inc. (OTCBB: PVCT)
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PowerVerde, Inc. (OTCBB: PWVI) Shares traded down 10.7% at $2.05
PowerVerde Inc., a development stage company, engages in the development, commercialization, and marketing of electric generating power systems to produce electrical power with zero emissions based on a patented pressure-driven motor. The company intends to manufacture and market its product, PowerVerde motor, which produces 10 kilowatts of net power for individual end users in the United States market. Its PowerVerde with its related Organic Rankine Cycle can be installed in multiple units for business, schools, hospitals, and other users of electrical power. The company was founded in 2007 and is based in Phoenix, Arizona.
PWVI News Yesterday, PowerVerde has proposed to install patented renewable energy generation systems at various points along existing natural gas pipelines owned by two public utilities, in response to a Request for Offer" (RFO) by one utility and direct discussions with the other. In addition, PowerVerde has submitted an installation proposal based on direct discussions with a major natural gas pipeline company. PowerVerde believes that, if installed, these systems will produce multiple megawatt hours of green, non-polluting, renewable electricity. Fred Barker, Vice President, Engineering of PowerVerde, Inc. and co-inventor of the technology, stated: "We believe that our gas pressure motor technology will help natural gas pipeline companies to produce renewable, non-polluting electricity. The PowerVerde systems can be installed at locations along existing gas pipelines where the pressure in the 'city gates' or collection points needs to be metered or stepped down for delivery to customers. PowerVerde would then utilize that pressure drop to generate electricity without depleting any of the natural gas or disrupting service to end users."
China Yongxin Pharmaceuticals, Inc. (OTCBB: CYXN) Shares traded down 6.25% at $0.15
China Yongxin Pharmaceuticals, Inc. engages in the wholesale distribution of pharmaceutical products, medical products and equipment, herbal and nutritional supplements, and cosmetics to hospitals, clinics, and retail pharmacies primarily in the People?s Republic of China. It also operates drugstores that offer 8,000 different types of products, including its proprietary brand of ginseng-based products, as well as an assortment of other merchandise comprising traditional Chinese medicines, health and natural products, skin care products, and cosmetics. The company involves in the cultivation, processing, manufacture, and distribution of ginseng electuary, pellets, and liquid extracts that are distributed by wholesalers and in retail drugstores. It markets and distributes its ginseng and ginseng by-products under the proprietary Gaoliyuan i(degree)Zinuo, Longlife, and Yongxintang brand names to various pharmaceutical, health supplement, and cosmetic manufacturers and distributors in mainland China, Southeast Asia, Europe, and the United States. China Yongxin Pharmaceuticals, Inc. was formerly known as Nutradyne Group, Inc. and changed its name to China Yongxin Pharmaceuticals, Inc. in May 2008. The company was founded in 1993 and is headquartered in City of Industry, California.
CYXN News Yesterday, China Yongxin Pharmaceuticals announced financial results for the third quarter ended September 30, 2008. For the three month period ended September 30, 2008, net revenues increased 9.8% to $15.5 million compared with $14.1 million for the same period ended September 30, 2007. The increase in revenues was due to strong market demand, remodeled new stores and development of new chain stores. Gross profit increased 33.9% to $3.1 million for the three month period ended September 30, 2008 from $2.3 million for the three month period ended September 30, 2007. Gross margin increased to 19.7% for the third quarter 2008 from 16.1% for the third quarter 2007. Total operating expenses were $1.2 million or 7.9% of net revenues for third quarter 2008 compared with $1.2 million or 8.3% of net revenues for third quarter 2007. Income from operations for the third quarter of 2008 totaled approximately $1.8 million, a 65.1% increase from the $1.1 million reported for the third quarter of 2007. Operating margins were 11.7% and 7.8% for the third quarter of 2008 and 2007, respectively. The increase in the operating margin was due to decreased general and administration expenses in the quarter. For the third quarter of 2008, net income was approximately $1.7 million, a 128.7% increase, compared to net income of $725,000 for the third quarter of 2007. Fully diluted earnings per share were $0.05 compared to $0.03 for the third quarter of 2008 and 2007 respectively, based up on 31.3 million and 21.0 million shares, respectively.
Universal Tracking Solutions,Inc. (OTCBB: UTRK) Shares stayed even at $0.31
Universal Tracking Solutions, Inc. operates as an application based solutions provider of telemetry tracking systems in the United States. The company offers asset management solutions to various organizations by combining GPS technology, wireless communication, and a proprietary Web site to control mobile assets. Its technology provides real-time information of an asset or mobile resource?s location, speed, direction, and/or heading. The company?s GPS tracking units enable its customers to track and monitor the vehicle, as well as offer other services, including GPS location determined through the Internet, lock and unlock doors, enable and disable starter, low battery and oil level notification, speed and direction detection, real time stolen vehicle location, alarm functions, outside of boundary notification, start/stop reports, idle alerts, and engine hour run time. It also offers product maintenance and support services to its customers. The company?s solutions are used in fleet management, law enforcement, and finance applications, as well in the motorcycle and auto industries. It markets and sells its products through internal and independent sales forces, as well as through independent contractors. The company was founded in 2006 and is based in Gilbert, Arizona.
UTRK News Yesterday, Universal Tracking announced that it will partner with The National Association of Regional Councils (NARC), Garmin International and RMJ Technologies to provide services that will lower overall fleet operating costs, mitigate greenhouse gas emissions and contribute to homeland security preparedness, primarily through use of Automated Vehicle Location System (AVL)/Vehicle GPS with integrated Garmin navigation. "NARC is pleased to work with UTS, Garmin and RMJ to provide regions and local communities with technology options that will enhance transportation, air quality and homeland security planning," said NARC President Betty Knight, Presiding Platte County, Mo., Commissioner. "NARC members have varying needs when it comes to finding solutions and controlling costs, and can greatly benefit from what this unique partnership has to offer."
Thorium Power, Ltd. (OTCBB: THPW) Shares traded up 13.92% at $0.18
Thorium Power, Ltd., a development stage company, engages in the development, promotion, and marketing of nuclear fuel designs primarily in the United States. Its nuclear fuel designs include thorium/uranium nuclear, thorium/reactor-grade plutonium disposing, and thorium/weapons-grade plutonium disposing fuel designs for use in existing light water reactors. It also provides nuclear energy consulting and strategic advisory services to commercial and government owned entities planning to create or expand electricity generation capabilities using nuclear power plants. The company provides integrated strategic advice across a range of areas, including nuclear reactor procurement and deployment, reactor and fuel technology, international relations, and regulatory affairs. Thorium Power, Ltd. was founded in 1992 and is headquartered in McLean, Virginia.
Thorium Power Ltd. (OTCBB: THPW News Yesterday, Thorium Power announced the appointment of James D. Guerra as Chief Operating Officer (COO). He succeeds Erik Hallstrom, who is leaving the Company to pursue other interests. In addition to his new role, Mr. Guerra will also serve as the interim Chief Financial Officer (CFO) pending the appointment of a successor. Mr. Guerra has served as the CFO of Thorium Power for the past year. As CFO, he was instrumental in overseeing the Company's first revenue generating contacts and subsequent profitability. Under Mr. Guerra's leadership, Thorium Power professionalized its accounting and information technology systems, upgraded its internal business processes and corporate facilities, and expanded its international corporate presence.
Growers Direct Coffee Company, Inc (OTCBB: GWDC) Shares traded down 5% at $0.019
Growers Direct Coffee Company, Inc., through its subsidiaries, markets and distributes green bean coffee grown in Papua New Guinea, Jamaica, and Ethiopia. It sells its coffee beans directly to coffee roaster retailers, commercial roasters, coffee brokers, and gourmet roasters and retailers. The company also offers Uncommon Grounds brand of roasted coffee, tea, and cafe supplies and equipment to coffee shops, restaurants, and directly to consumers. It offers its products in the United States, Canada, and Europe. Growers Direct Coffee Company has a strategic partnership with PNG Coffee Growers Federation, Ltd. The company was founded in 2001. It was formerly known as Coffee Pacifica, Inc. and changed its name to Growers Direct Coffee Company, Inc. in 2007. The company is based in Berkeley, California.
GWDC News Yesterday, Growers Direct Coffee announced that the Board of Directors have appointed Sean Tan as the new President and Chief Executive Officer of the Company. Mr. Tan has been an investor in the company and is an avid supporter of the company's strong business model and pioneering spirit in its "Tree-to-Cup" concept. Mr. Tan holds several university degrees and professional qualifications and has many years of corporate experiences in the financial sector. Mr. Tan is familiar with the myriad of challenges and obstacles that Growers Direct has to navigate through in the current economic turmoil in order to be successful. Mr. Tan commented that "Growers Direct has to concentrate on its core business of selling roasted coffees while evaluating available opportunities in these challenging economic times." Mr. Tan added that with "proper guidance and controls in place as well as adopting an approach of expansion based on enhancing shareholders' values, GWDC can emerge as a force to be reckoned with in the coffee industry in the future."
Provectus Pharmaceuticals, Inc. (OTCBB: PVCT) Shares traded down 10.89% at $0.90
Provectus Pharmaceuticals, Inc., a clinical trial development-stage biopharmaceutical company, develops therapies designed to target and destroy breast cancer, liver cancer, and metastatic melanoma. The company is conducting Phase 2 and Phase 1 clinical trials of their proprietary prescription drugs, PV-10 as a therapy for metastatic melanoma and breast cancer, as well as Phase 2 for PH-10, a topical treatment for moderate to severe psoriasis and eczema. In addition, it owns various over-the-counter skin care products. Further, Provectus Pharmaceuticals owns various biotechnologies to augment vaccine production and detect viruses, including a ?virus hunter? method, as well as patented technologies for therapeutic and cosmetic medical devices. The company was founded in 2002 and is based in Knoxville, Tennessee.
PVCT News Yesterday, Provectus Pharmaceuticals announced that the lead investigator for its phase 2 melanoma study, Professor John F. Thompson, MD, presented an update on clinical testing of PV-10 for metastatic melanoma Wednesday, November 19th, at the Clinical Oncological Society of Australia (COSA) 2008 Annual Scientific Meeting (ASM) in Sydney, Australia. Professor Thompson noted that so far 39 of the planned 80 subjects have received at least one course of PV-10 treatment. In addition, long-term survival data for subjects participating in the phase 1 trial were presented. Provectus began phase 2 testing of PV-10 in late 2007, aiming to assess PV-10 chemoablation in 80 subjects with Stage III or IV metastatic melanoma. The study is being conducted at centers in Sydney, Brisbane and Adelaide, Australia, and at the M.D. Anderson Cancer Center in Houston, TX, St. Luke's Hospital & Health Network, in Bethlehem, PA, and the California Pacific Medical Center, in San Francisco, CA. Provectus expects to add additional sites in the U.S. and Australia in the near future. The Company has received orphan drug designation from the FDA for its metastatic melanoma indication.
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