3-23-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Stocks move higher as home sales top expectations
Stocks are higher after sales of existing homes fell less than expected in February.
The report Tuesday from the National Association of Realtors has topped forecasts but is still raising concerns about the strength of the housing market. Sales have fallen for three months.
The Realtors say sales of previously occupied homes fell 0.6 percent last month to a seasonally adjusted annual rate of 5.02 million. Analysts expected sales would fall 1 percent to 5 million units, according to Thomson Reuters.
The Dow Jones industrial average is up 36 at 10,822. It was up about 7 ahead of the report. The Standard & Poor’s 500 index is up less than 1 at 1,166. The Nasdaq composite index is up less than 1 at 2,396.
Yesterday’s Top Performing Small Cap Stock:
China Jo-Jo Drugstores, Inc. (OTCBB: CJJD)
China Jo-Jo Drugstores, Inc. was a SmallCapVoice.com top performer yesterday closing up over 3% on trading volume of 61,080 shares.
China Jo-Jo Drugstores, Inc., through its contractually controlled affiliates Hangzhou Jiuzhou Grand Pharmacy Chain Co., Ltd., Hangzhou Jiuzhou Clinic of Integrated Traditional and Western Medicine General Partnership, and Hangzhou Jiuzhou Medical & Public Health Service Co., Ltd., operates a retail pharmacy chain in China offering both western and traditional Chinese medicine. The chain currently has 24 stores throughout Hangzhou, the provincial capital of the Zhejiang Province.
Today’s SmallCapVoice.com Hot Stock to Watch:
Attitude Drinks Incorporated (OTCBB: ATTD)
Attitude Drinks Inc. (ATTD) Announces Initial Results From College Initiative
PALM BEACH GARDENS, FL — (Marketwire) — 03/22/10 — Attitude Drinks Incorporated (OTCBB: ATTD) announced today an overwhelmingly positive response from leading college and university professionals in sports performance regarding Phase III Recovery(R). Introductory letters announcing this new, innovative product were sent to four hundred eighty seven colleges and universities in fourteen states along the east coast. Attitude has received responses from forty eight schools thus far. The unanimously positive feedback was received from twelve of the fourteen states contacted. Among them are nationwide schools that were referred without receiving information directly from Attitude.
SmallCapVoice Clients’ News
Tootie Pie Company (OTCBB: TOOT)
Tootie Pie Co. New Locations “Taking Flight”
Mar. 22, 2010 (Business Wire) — Tootie Pie Company, Inc. (OTCBB:TOOT) reports an increase in customer traffic, pie sales, as well as overall sales, at the two Tootie Pie Co. Gourmet Cafés.
“We are having fun seeing customers enjoy their favorite Tootie Pie by the slice. They have been asking for this for some time now. We are very pleased to see that about 25% of the revenue generated by our two Cafés is coming from pie sales,” said Don Merrill, President & CEO.
GWS Technologies, Inc. (OTCBB: GWSC)
GWS Technologies Retains Delgado & Associates to Promote Green Solutions in Veracruz, Mexico
GWS Technologies, Inc. (OTCBB: GWSC), an alternative energy company developing renewable energy solutions, announced today that it has retained Delgado & Associates to assist the company in planning, building and developing alternative energy installations and facilities in Mexico and Central America.
VitaminSpice (OTCBB: VTMS)
Expert Nutritionist Shan Stratton Recruited to VitaminSpice Team
WAYNE, Penn., March 23 /PRNewswire-FirstCall/ — Poised and ready to hit retailers’ shelves, VitaminSpice (OTC Bulletin Board: VTMS) (German WKN: A0YE4L) (www.VitaminSpice.net) has teamed up with big-league nutritionist Shan Stratton to help them pitch the value of the product to the public. Stratton, who has provided one-on-one nutritional training to such celebrities as Reggie Jackson, Joe Torre, Kurt Warner and Randy Johnson, believes VitaminSpice to be a commendable product with broad appeal.
Other Small Cap News
Digital Angel (Nasdaq: DIGA)
Digital Angel’s Destron Fearing Unit Awarded up to $2.0 Million in New Orders for Fish Monitoring RFID Tags
Digital Angel (NASDAQ: DIGA), an advanced technology company in the field of animal identification and emergency identification solutions, announced today that its Destron Fearing unit has been awarded new orders for Passive Integrated Transponder (PIT) fish-monitoring RFID tags from the U.S. Army Corps of Engineers. The value of the new orders is expected to be in the range of $1.5 to $2.0 million over the next year. The Company expects to begin shipping product under the new orders within two weeks.
Tegal Corporation (Nasdaq: TGAL)
Tegal Sells Thin Film Etch and PVD Assets to OEM Group
Tegal Retains and Will Continue to Sell and Support Its Deep Reactive Ion Etch (DRIE) Systems Globally While Continuing to Pursue Strategic Alternatives for the Company
Tegal Corporation, (Nasdaq: TGAL) an innovator of specialized production solutions for the fabrication of advanced MEMS, power ICs and optoelectronic devices, today announced that it has sold its legacy thin film etch and physical vapor deposition (PVD) product lines to OEM Group, Inc. for aggregate consideration of up to $3 million, of which a maximum of $1 million is subject to OEM Group’s achievement of certain target sales levels.
Manitex International, Inc. (Nasdaq: MNTX)
Manitex International, Inc. Receives $8.0 Million in New Orders
Approximately 50% for International Customers
Manitex International, Inc. (Nasdaq:MNTX), a leading provider of engineered lifting solutions including boom truck and rough terrain cranes, rough terrain forklifts specialized trailers and special mission oriented vehicles, today announced receipt of new orders valued at $8.0 million for shipment during the second and third quarters of 2010. Approximately $5.0 million is for the Company’s Manitex boom truck cranes and $3.0 million is for the Company’s specialized military forklift products.
Ur-Energy Inc. (NYSE Amex: URG)
Ur-Energy Plans Additional Exploration on Targets Within its LC South Project
The LC South project is adjacent to the the Lost Creek Permit Area and the site of some of the exploration targets identified by Ur-Energy during 2009 as the result of in-depth in-house geologic evaluations. The LC South project comprises 217 federal mining claims, or nearly 11,000 acres (approximately 4,450 hectares). The Company now controls nearly 34,000 acres (approximately 13,800 hectares) in and around its Lost Creek project, including the Lost Creek Permit Area, LC North, LC South, EN and Toby projects.
NovaGold Resources Inc. (NYSE Amex: NG)
NovaGold Resources Inc.: Donlin Creek Gold Reserves Increased by 4.3 Million Ounces
The reserve/resource estimate was completed by an independent engineering firm under the supervision of the Donlin Creek LLC using a gold price of US$825/oz, increasing the in-situ gold reserve by 4.3 million ounces to 33.6 million ounces of gold on a 100% basis. NovaGold’s 50% interest totals 16.8 million ounces of gold reserves, with an additional 2.1 million ounces of measured and indicated gold resources and 2.2 million ounces of inferred gold resources.
Cambrex Corporation (NYSE: CBM)
Cambrex Acquires IEP GmbH
Cambrex Corporation (NYSE:CBM) announced it has acquired IEP GmbH (“IEP”), a privately held company that is a leader in the field of industrial biocatalysis. IEP is located in Wiesbaden, Germany and offers cost effective customized biocatalytic process development and sales of enzymes to the pharmaceutical industry, with the ability to utilize its tool box of over 100 proprietary biocatalytic enzymes. IEP “bioreduction” technologies have been successfully used in numerous commercialized processes.
AspenBio Pharma, Inc. (Nasdaq: APPY)
AspenBio Completes Patient Enrollment of AppyScore Clinical Trial to Support FDA 510(k) Submission
“This broad-based national trial, which collected blood samples from patients at thirteen major academic hospitals, represents the most expansive and tightly controlled trial ever conducted for AppyScore,” said Dr. Robert Caspari, AspenBio Pharma’s COO and CMO. “While at this point there can be no assurance the trial data will be sufficient to achieve FDA clearance of AppyScore, we believe we are well positioned to demonstrate the benefits AppyScore brings to the evaluation of patients suspected of having acute appendicitis in the emergency department setting.”
Commercial Vehicle Group, Inc. (Nasdaq: CVGI)
Commercial Vehicle Group Selected as Standard Seat for Hino Trucks
Commercial Vehicle Group, Inc. (Nasdaq:CVGI) announced today that its National Seating brand has been selected by Hino Motors Manufacturing USA (HMM), a Toyota Group Company, as the seat supplier of choice for Hino’s North American produced medium-duty trucks. Under the new agreement, CVG will provide both suspension and static seats for Hino products.
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