7-15-11 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

By Edward Krudy, Reuters

Deals and Google. Citi earnings lift Wall Street

NEW YORK (Reuters) – Stocks rose on Friday after strong earnings from Google and Citigroup helped lift some of the angst about Europe's debt crisis and stalled U.S. budget talks.

Two large merger offers also helped. BHP Billiton's (LSE:BLT.L) $12 billion offer to purchase Petrohawk HK lifted shares in the energy sector, and investor Carl Icahn's offer to buy Clorox Co CLX for $10.2 billion pushed those shares 8.2 percent higher.

Google Inc's GOOG earnings beat the most bullish forecasts, sending its shares up 12 percent. Citigroup Inc C posted higher net income, helped by falling credit losses, which helped lift the stock 2.5 percent.

“This is good news for Citi and good news for the market,” said Timothy Ghriskey, co-founder of the Solaris Group. “Very good numbers here, primarily on lower credit costs.”

Yesterday's Top Performing Small Cap Stock:

XZERES Corp. XPWR

XZERES Corp. was a SmallCapVoice.com top performer closing up over 18% on trading volume of 7,574 shares.

XZERES reports 56% sequential revenue growth; raise target to $1.60

Today, XZERES (XPWR) reported results for the first fiscal quarter ending May 31, 2011. Quarterly revenues sequentially increased 56.1% to $1.017 million from $652 thousand, well above our expectations of $873 thousand, primarily due to the management's initiative of addressing the direct sales channel with the Direct Buy program, along with increasing the number of sales personnel. Direct sales of wind power systems increased from 32.8% to 47.2% of total revenues. The gross profit margin sequentially contracted 337 basis points to 24.7% due to the aggressive expansion of sales and marketing support; marketing expense increased 308% sequentially. However, management expects the gross margin to rise substantially over the next two fiscal years as new products, services and business models are developed and deployed. XZERES reported a quarterly loss of $1.999 million or $0.11 per diluted share. During the first fiscal quarter, the company successfully raised $2,356,961 through a stock and warrant offering.

XZERES Reports First Quarter Fiscal Year 2012 Financial Results

WILSONVILLE, Ore., July 14, 2011 /PRNewswire/ — XZERES Corp. XPWR, designer, developer and producer of distributed generation wind power systems for the small wind market (2.5kW-100kW) and power management and efficiency devices for the commercial and light industrial market, announced today its financial results for its fiscal first quarter ended May 31, 2011.

Revenue for the fiscal first quarter ended May 31, 2011 was $1,017,217 a 57% sequential increase as compared to the previous fiscal fourth quarter ending February 28, 2011. Revenue by channel for the first quarter for our wind power systems business grew to 47.2% direct and 52.8% indirect as compared to 32.8% direct and 67.2% indirect for the previous fourth quarter. In future quarters, as we grow sales of our recently acquired line of power management and power efficiency products, we expect to report revenue by channel and figures for this business segment, as well.

Today's SmallCapVoice.com Hot Stock to Watch:

American Petro-Hunter, Inc. AAPH

Last week American Petro Hunter went from gas explorer to gas producer on two of its oil wells in the North Oklahoma Project. The company, ticker symbol AAPH, will sell the product to Sunoco.

The company is now producing 130 barrels of oil per day. With a current market price hovering conservatively at $90 per barrel, Company President Robert McIntosh estimates American Petro Hunter should enjoy $4.2 million in cash flow.

On the news, American Petro-Hunter stock rose 7.84% to $0.55. The stock has a 52-week trading range of $0.24 to $0.70 a share.

The company's two wells, NOS122 and the horizontally drilled NOM1H, bring the company's total of producing wells to seven in Oklahoma and Kansas.

Other Small Cap News

PolyMet Mining Corp. POM(NYSE Amex:PLM)

PolyMet Closes Second $10 Million Tranche of Glencore Financing

Glencore Acquires 9.2 Million PolyMet Shares from Cliffs Erie L.L.C.

HOYT LAKES, MINNESOTA — (Marketwire) — 07/15/11 — PolyMet Mining Corp. POM(NYSE Amex:PLM) (“PolyMet” or the “Company”) has closed the second tranche of its previously announced private placement (the “Offering”) with Glencore AG, a wholly-owned subsidiary of Glencore International plc (“Glencore”), issuing 5 million common shares of the Company (the “Tranche 2 Shares”) at US$2.00 per Share for gross proceeds of US$10 million.

Separately, Glencore has acquired pursuant to a private transaction 9,200,547 common shares (the “Cliffs Shares”) of PolyMet at a price of US$1.4233 per share, from Cliffs Erie L.L.C., a wholly owned subsidiary of Cliffs Natural Resources Inc. (“Cliffs”) CLFCLF.

BioTime, Inc. (NYSE Amex: BTX)

BioTime Receives $335,900 SBIR Grant

HyStem(R) microcarrier hydrogels to be developed for stem cell research and therapeutic applications

Jul. 15, 2011 (Business Wire) — BioTime, Inc. (NYSE Amex: BTX) today announced it has been awarded a 10-month, $335,900 Small Business Innovation Research (SBIR) grant from the National Institutes of Health (NIH) to develop HyStem® microcarriers for the propagation of human stem cells and as a means of cell delivery for human clinical applications.

“Hundreds of millions of stem cells will be required for many of the clinical applications in the emerging field of regenerative medicine,” said William P. Tew, Ph.D., Chief Commercial Officer of BioTime. “The rapid advances in the field create the need for new techniques and products to successfully produce and administer therapeutic cells. BioTime's HyStem® microcarriers are designed to streamline the process of replicating stem cells on the same substrate that may be used to deliver cell-based therapy. We believe this single step from therapeutic cell propagation on HyStem® microcarriers to injection into the patient has the potential to reduce costs and increase the use of future products. We are pleased that the NIH has selected our HyStem technology for funding in a highly competitive review process.

Oilsands Quest Inc. (NYSE Amex:BQI)

Oilsands Quest receives approval for 15-year leases for Axe Lake lands

CALGARY, July 15, 2011/PRNewswire/ – Oilsands Quest Inc. (NYSE Amex:BQI) (“OQI” or “the Company”). Oilsands Quest is pleased to announce that it has received approval from the Government of Saskatchewanto convert portions of the Axe Lake permits to 15-year leases. These leases, the first oil sands leases in Saskatchewan, are one of the key elements the Company needs in place to proceed to development of a commercial oil sands production facility.

“These leases mark a key milestone in our path forward,” said Garth Wong, Chief Executive Officer of Oilsands Quest. “In the past, some potential investors have expressed concern about the short term permits under which the Axe Lake lands were held. The 15-year leases will give us the certainty of land tenure we need to underpin commercial development at Axe Lake. The Government of Saskatchewanhas demonstrated its commitment to oil sands exploration and development, and we appreciate its confidence that Oilsands Quest will be able to deliver on the value of these assets both for our investors and for the people of Saskatchewan.”

Competitive Technologies, Inc. CTTC

Competitive Technologies to Sell BiCOM's Medical Devices

FAIRFIELD, Conn., July 15, 2011 (GLOBE NEWSWIRE) — Competitive Technologies, Inc. CTTC today announced that it has entered into a strategic marketing agreement with Long Beach, New York-based BiCOM, Inc. In the agreement CTTC has agreed to sell BiCOM's patented products in the U.S. and various international markets.

For the U.S. and international markets, CTTC will offer BiCOM's FDA cleared Diaton tonometer, developed and manufactured in Russia, which allows medical professionals to measure intraocular pressure for glaucoma through the eyelid, without anesthesia or direct contact with the eyeball. Internationally, CTTC will offer BiCOM's “Magnetic Therapy DIATON” for magnetic therapy.

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