6-24-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Stocks trade lower as investor worry about the strength of the economy

Stocks fell in early trading Thursday and interest rates dropped to their lowest levels in more than a year as investors remain tentative about the strength of a domestic economic recovery.

Reports on initial jobless claims and durable goods orders continued to paint a mixed picture about the health of the economy. The mixed reports come a day after the Federal Reserve signaled a more cautious tone about the pace of a rebound.

The yield on the 10-year Treasury note fell to 3.09 percent from 3.12 percent late Wednesday. Its yield is used as a benchmark for interest rates on mortgages and consumer loans.

Nervous investors uncertain about stocks right now are turning the bond market where they are more confident in getting small returns without as much risk for potential losses.

The Labor Department said initial claims for unemployment benefits fell to a seasonally adjusted 457,000 last week. That’s slightly better than the 460,000 forecast by economists polled by Thomson Reuters.

However, initial jobless claims are still above levels that would signal employers are ramping up hiring. Claims have remained high in recent months, calling into question whether a strong, sustained recovery can occur without significant job growth.

A second report showed orders for durable goods fell last month for the first time in six months. Orders for big-ticket goods fell 1.1 percent in May, slightly better than the 1.3 percent drop predicted.

The decline was due primarily to volatile transportation orders. Excluding transportation, orders actually rose 0.9 percent after falling in April. Manufacturing has been one of the few areas of the economy that has shown consistent growth, but it hasn’t been enough to propel stocks higher. A weak jobs recovery and continued problems in the housing market have overshadowed upbeat signs in manufacturing.

In early morning trading, the Dow Jones industrial average fell 68.32, or 0.7 percent, to 10,230.12. The Standard & Poor’s 500 index fell 7.88, or 0.7 percent, to 1,084.16, while the Nasdaq composite index fell 13.94, or 0.6 percent, to 2,240.29.

Yesterday’s Top Performing Small Cap Stock:

VizStar, Inc. VIZS

VizStar, Inc. was a SmallCapVoice.com top performer closing up over 14% on trading volume of 733,269 shares.

VizStar, Inc. Welcomes Finance Industry Veteran Sharon Singer as Chief Financial Officer

Jun. 24, 2010 (Business Wire) — VizStar, Inc. VIZS, an upscale aviation charter transportation broker, announces today that the Board of Directors has approved the hiring of Ms. Sharon Singer, to become the Company’s Chief Financial Officer. Ms. Singer will join the VizStar team effective immediately.

Today’s SmallCapVoice.com Hot Stock to Watch:

Tootie Pie Company TOOT

Tootie Pie Company Sales Up 32% for May

Jun. 24, 2010 (Business Wire) — Tootie Pie Company, Inc. TOOT announced that sales for May 2010 were up 32%, versus May, 2009. Unit sales were up 10% for the same corresponding periods.

“We have experienced solid monthly increases for eight consecutive months. Mother’s Day kicks off our summer selling season and I am very pleased with the way sales are trending. Our sales team continues to do an outstanding job,” said Don Merrill, President & CEO, “and our cafés are emerging into models of success for our wholesale customers!”

Other Small Cap News

VitaminSpice VTMS

VitaminSpice Begins Large Scale Rollout – Delivers First Products to National Pharmacy Chain, Walgreens

WAYNE, Pa., June 24 /PRNewswire-FirstCall/ — VitaminSpice (OTC Bulletin Board:VTMS) (www.VitaminSpice.net). On June 21, 2010 the first VitaminSpice products were delivered to the national pharmacy chain, Walgreens. Over the next couple of days hundreds of cases will be shipped to stores in Michigan, Ohio, and Indiana.

NuVim, Inc. (Pink Sheets: NUVM)

A New Audio Interview with Rick Kundrat, NuVim®’s CEO, is now at SmallCapVoice.com

AUSTIN, Texas–(BUSINESS WIRE)–SmallCapVoice.com, Inc. announced today that a new audio interview featuring NuVim, Inc., (Pink Sheets: NUVM) is now available. The interview can be heard at http://smallcapvoice.com/blog/6-23-10-audio-interview-with-nuvim- inc-pink-sheets-nuvm/.

Force Protection, Inc. FRPT

Force Protection Receives $15.4 Million Award for Additional Field Service Support Related to Ongoing Modernization of Cougar Fleet

LADSON, S.C.–(BUSINESS WIRE)–Force Protection, Inc. FRPT, a leading designer, developer and manufacturer of survivability solutions and provider of total life cycle support for those products, today announced it has received a modification to contract M67854-07-D-5031 from the United States Marine Corps Systems Command for additional field service support. The contract modification provides for 43 field service representatives and associated support for installation of modernization kits and to conduct general maintenance for Cougars located in Afghanistan and Iraq. The modification has a firm fixed price value of $15.4 million and is scheduled for completion by June 2011.

Cubic Energy, Inc. (NYSE Amex: QBC)

Cubic Energy, Inc. Announces Thomas 36 No. 1 Reaches Total Drilling Depth

DALLAS, June 23, 2010 (GLOBE NEWSWIRE) — Cubic Energy, Inc. (NYSE Amex:QBC) (“Cubic” or the “Company”) announces today that the Thomas 36 No. 1, which spud on April 29, 2010, has reached its total drilling depth and the production casing string has been set to 16,224 feet Total Measured Depth (TMD) which includes approximately a 4,250′ horizontal section.

China Advanced Construction Materials Group, Inc. CADC

China ACM Awarded $3.4 Million China High-Speed Rail Contract

Company’s Manufacturing Services New Business Pipeline Reaches Record Levels

BEIJING–(Marketwire – 06/23/10) – China Advanced Construction Materials Group, Inc. CADC (“China ACM”), a leading provider of ready-mix concrete and related technical services in China, today announced that China Rail Engineering Group has awarded the Company a contract valued at $3.4 million.

Anthera Pharmaceuticals, Inc. ANTH

Anthera Enrolls First Patients in Pivotal Varespladib Phase 3 Clinical Study

HAYWARD, Calif., June 23 /PRNewswire-FirstCall/ — Anthera Pharmaceuticals, Inc. ANTH, a biopharmaceutical company developing drugs to treat serious diseases associated with inflammation and autoimmune disorders, today announced patient enrollment has commenced in the Company’s pivotal VISTA-16 (Vascular Inflammation Suppression to Treat Acute Coronary Syndrome for 16 Weeks) Phase 3 clinical study of varespladib (A-002). High-risk patients are defined as those who have additional disease characteristics that increase their likelihood of experiencing another coronary event; these characteristics include a history of previous cardiovascular disease, age, diabetes, or metabolic syndrome.

BSQUARE Corporation BSQR

Bsquare Renews OEM Distribution Agreement With Microsoft for 12th Year

BELLEVUE, WA–(Marketwire – 06/23/10) – BSQUARE Corporation BSQR, the leading software solutions provider to the global embedded device community, has renewed its OEM distribution agreement with Microsoft Corporation under which Bsquare sells Microsoft’s complete line of embedded software products to OEMs in North America. The new agreement is effective for the period July 1, 2010 to June 30, 2011.

Wuhan General Group (China), Inc. WUHN

Wuhan General Group (China), Inc. Announces Two Recent Contract Wins

WUHAN, China, June 24 /PRNewswire-Asia-FirstCall/ — Wuhan General Group (China), Inc. WUHN (“Wuhan General” or the “Company”), a leading manufacturer of industrial blowers and turbines in China, operating through its subsidiaries, Wuhan Blower Co., Ltd. (“Wuhan Blower”), Wuhan Generating Equipment Co., Ltd. (“Wuhan Generating”) and Wuhan Sungreen Environment Protection Equipment Co., Ltd. (“Wuhan Sungreen”), today announced it recently won bids for two contracts totaling $4.7 million.

Senomyx, Inc. SNMX

Senomyx Signs Letter Agreement With Pepsico Regarding Potential Collaboration Related to the Discovery, Development, and Commercialization of New Sweet Flavor Ingredients

SAN DIEGO–(BUSINESS WIRE)–June 24, 2010–Senomyx, Inc. SNMX, a leading company focused on using proprietary technologies to discover and develop novel flavor ingredients for the food, beverage, and ingredient supply industries, announced today that it and PepsiCo PEP, the world’s second-largest food and beverage company, have signed a letter agreement and entered into an exclusive 60-day negotiation period regarding the completion of a definitive agreement for a new collaboration related to Senomyx’s sweet taste technology.

Radient Pharmaceuticals Corporation (NYSE Amex: RPC)

Radient Phamacueticals Strategic Partner Jaiva Technologies Plans to Submit Application for Phase II Human Clinical Trials for Non-Small Cell Lung Carcinoma; Advancing Commercialization of RPC’s CIT(TM) Cancer Vaccine in India

TUSTIN, CA–(Marketwire – 06/24/10) – Radient Pharmaceuticals Corporation RPC, a US-based pharmaceutical company, and Jaiva Technologies, Inc. (“Jaiva”), a US-based biotechnology company focused on the research and development, distribution, marketing and sales of promising third-party healthcare technology products, including RPC’s CIT cancer therapy and vaccine, announced today that Jaiva plans to submit a clinical trial application to the Central Drugs Standard Control Organization (CDSCO) in India to commence human phase II trials for RPC’s Combination Immunogene Therapy (CIT) technology as a vaccine therapy for non-small cell lung carcinoma (NSCLC).

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