8-9-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Stocks inch higher as investors look to Fed

Stephen Bernard, AP Business Writer

NEW YORK (AP) — Stocks rose slightly Monday as investors avoided big bets before the Federal Reserve’s meeting this week.

The Dow Jones industrial average rose 23 points in late morning trading. Broader indexes also had small gains.

Investors are waiting for the Fed’s latest assessment of the economy that will be issued at the close of the central bank’s meeting on Tuesday. They also want to know if the Fed will restart some of its stimulus programs to help the recovery regain momentum.

The market’s growing concern about the economy has added to the importance of the Fed meeting. Recent economic reports have shown that the recovery is slowing. And Fed Chairman Ben Bernanke just a few weeks ago said the forecast for the recovery remains “unusually uncertain.”

The Fed will likely leave its federal funds rate near zero, but the central bank could signal plans to restart some stimulus programs, such as its purchase of mortgage-backed securities. Those programs ended earlier this year when it appeared the recovery was proceeding well.

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Yesterday’s Top Performing Small Cap Stock:

Tie Technologies, Inc. (Pink Sheets: TTCS)

Tie Technologies, Inc. was a SmallCapVoice.com top performer closing up over 32% on trading volume of 2,600 shares.

Today’s SmallCapVoice.com Hot Stock to Watch:

BRAVADA International Ltd (Pink Sheets: MFLI)

BRAVADA and The Mirage Announce the Grand Opening Date of Kardashian Khaos at The Mirage in Las Vegas to Change

Aug. 6, 2010 (Business Wire) — BRAVADA International Ltd. (www.BravadaLtd.com) (Pink Sheets:MFLI) and The Mirage MGM jointly announced today that the grand opening of the Kardashian Khaos store at The Mirage in Las Vegas is no longer taking place on August 21st, 2010. A new date for the store opening is being set and will soon be released. This event will mark the official unveiling of a project created by the Kardashians, The Mirage, TLK Fusion (www.tlkfusion.com) and BRAVADA International, who have all partnered to open the first Kardashian Khaos store, which promises to be a must visit destination in the heart of Las Vegas, Nevada.

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BRAVADA Releases Exciting New Women’s Yoga, Fitness, Gym and Casual Apparel Styles and Colors on BravadaWomen.com

Aug. 9, 2010 (Business Wire) — BRAVADA International Ltd. (www.BravadaLtd.com) (Pink Sheets:MFLI) announced today that it has released exciting new women’s yoga, fitness, gym and casual apparel colors and designs on www.BravadaWomen.com, the online ecommerce site for its BRAVADA Women’s Athletica retail stores. Some of the new colors include a sassy and energizing blend of purple, peach, orange and pink as well as traditional colors such as black, gray and white. BRAVADA will be adding additional new styles and color mixes heading into the Fall season including new colors for what it describes as North America’s number one fold-over Capri, the BRAVADA My Necessity Short Capri, My Necessity Long Capri, and its one of a kind Notice Me Capri.

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Other Small Cap News

CAMAC Energy Inc. (NYSE Amex: CAK)

Positive net cash flow from operations of $15.6 million

HARTSDALE, N.Y.–(BUSINESS WIRE)–CAMAC Energy Inc. (NYSE Amex: CAK), today announced its fiscal second-quarter results for the period ended June 30, 2010.

For the quarter ended June 30, 2010, net cash provided by operating activities was $15.6 million, compared to net cash used in operating activities of $2.6 million in the same period in 2009. The increase in operating cash flow is due primarily to the inflow of cash from CAMAC Energy’s newly acquired interest in the Oyo Oilfield.

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Xenonics Holdings, Inc. (NYSE Amex: XNN)

Xenonics Announces NightHunter Orders Totaling $1 Million

CARLSBAD, Calif.–(BUSINESS WIRE)–XENONICS HOLDINGS, INC. (NYSE AMEX:XNN) announced today that it has received purchase orders totaling approximately $1 million from the U.S. Army and Aardvark Tactical, Inc. for the U.S. Marine Corps for Xenonics’ NightHunter high-intensity illumination devices. Shipments to the Army will begin immediately and delivery under the Aardvark order will be in mid-October.

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Ballantyne Strong, Inc. (NYSE Amex: BTN)

Ballantyne Q2 EPS Rose to $0.19 from $0.07 on 67% Increase in Net Revenues to Record $32.7 Million and Benefit From Digital Link II, LLC Joint Venture

Ballantyne Strong’s net revenues rose 67% to $32.7 million, an all-time quarterly record, reflecting a significant increase in digital cinema equipment sales as well as year-over-year sales gains from cinema screens and digital cinema services. Net earnings rose to $2.8 million, or $0.19 per diluted share, compared to net earnings of $0.9 million, or $0.07 per diluted share a year-ago. Q2 2010 results were positively impacted by approximately $1.3 million ($0.8 million after-tax) of equity income and gains pertaining to the Company’s 44.4% ownership in the Digital Link II, LLC joint venture during the quarter. The income primarily resulted from the sale of projectors that were previously held within the joint venture and compares to a net loss from the joint venture of $0.2 million in Q2 2009.

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Baron Energy, Inc. BROE

Baron Energy, Inc. Announces 50% Production Increase

NEW BRAUNFELS, Texas, Aug. 9, 2010 (GLOBE NEWSWIRE) — Baron Energy, Inc. BROE (“Baron” or the “Company”), an independent oil and gas company, today announced that oil production from its lease in Borden County, Texas has increased 50% since April of this year.

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Clear-Lite Holdings, Inc. CLRH

Fry’s Electronics Mega Big-Box Stores to Offer ClearLite®’s ArmorLite® A Safer CFL

BOCA RATON, Fla.–(BUSINESS WIRE)–Clear-Lite Holdings, Inc. (“ClearLite”) CLRH, a leading innovator of eco-friendly lighting and the appreciably safer ArmorLite® CFL, announced that its line of ArmorLite: A Safer CFL™ will soon be offered at Fry’s Electronics, a mega big-box store and retailer of software, consumer electronics, computer hardware and household appliances, lamps and light bulbs.

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SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its audio interviews, as well small cap company’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our company information sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.

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