4-28-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Stocks are higher as European leaders try to provide reassurances about Greek debt problems
NEW YORK (AP) — Stocks rose early Wednesday after European leaders tried to reassure investors that Greece would receive bailout money to help it with its debt problems.
Another strong batch of earnings is also boosting stocks Wednesday. Comcast, Corning, Northrop Grumman and Dow Chemical all posted better-than-expected results. Investors will also keep an eye on the Federal Reserve Board, which is wrapping up a two-day meeting later in the day.
Markets tumbled globally in the past couple of days after Standard & Poor’s slashed its rating on Greece’s debt to junk status. Portugal’s debt rating was also cut by S&P.
German leaders said that country’s portion of a bailout for debt-burdened Greece could be approved by the end of next week. Germany, the biggest of the 16 countries that use the euro, has been slow to approve rescue measures to bail out its fellow eurozone member.
Yesterday’s Top Performing Small Cap Stock:
Tootie Pie Company (OTCBB: TOOT)
Tootie Pie Company was a SmallCapVoice.com top performer yesterday closing up over 4% on trading volume of 3,225 shares.
The Tootie Pie Co. Inc. has landed 43 new restaurant customers throughout Oklahoma as a result of a successful food show sponsored by Ben E. Keith Foodservice in Oklahoma City.
The new agreements in place will mean that these restaurants will begin selling pies on their menus made by Tootie Pie. Tootie Pie will bake and ship pies to Ben E. Keith’s distribution centers in Oklahoma. The restaurants will order the pies wholesale through Ben E. Keith.
Tootie Pie bakes and sells pies through three channels. It sells pies to customers directly via its Tootie Pie Gourmet Cafes stores. The company also has a corporate sales channel that allows businesses to purchase pies for clients or employees. In addition, the company sells pies through national and regional wholesale distributors.
Today’s SmallCapVoice.com Hot Stock to Watch:
Alamo Energy Corp. (OTCBB: ALME)
Alamo Energy Corp Provides a Work Program Update on Its Four Onshore License Blocks
LONDON–(BUSINESS WIRE)–Alamo Energy Corp. (OTCBB:ALME), is pleased to announce that field work for its permit study has now been completed with the study not highlighting any major obstacles for the proposed seismic survey planned for later this year.
Alamo’s four UK onshore license blocks (TQ26, TQ36, TQ46, TQ56) lie directly north of the producing Palmer’s Wood Oilfield. According to an independent geological report, the hydrocarbon resource potential is approximately 236 million barrels.
Other Small Cap News
Pioneer Behavioral Health (NYSE Amex: PHC)
PHC Inc.’s Seven Hills Behavioral Institute Experiences Strong Patient Demand
Nevada Unit Operating at near Capacity; New Adolescent Unit Reports Strong Interest
PEABODY, Mass.–(BUSINESS WIRE)–PHC, Inc., d/b/a Pioneer Behavioral Health (NYSE Amex: PHC), “Pioneer” or (the “Company”), a leading provider of inpatient and outpatient behavioral health services, announced today that its Seven Hills Behavioral Institute (SHBI) in Henderson, Nevada has been operating at near capacity over the last two weeks and its recently opened ten-bed adolescent has experienced strong demand. The census is currently at the highest level since the Hospital was opened in April, 2008.
Media Sciences International, Inc. (Nasdaq: MSII)
Media Sciences International to Acquire China Based Imaging Supply Manufacturer
OAKLAND, N.J., April 27 /PRNewswire-FirstCall/ — Media Sciences International, Inc. (Nasdaq:MSII) today entered into agreements to acquire Master Ink Company, Ltd., a China based manufacturer of toner cartridges, inkjet printer cartridges, inkjet refill kits and patented, next generation automatic ink refill systems. The agreement with Master Ink Company, Ltd. and its affiliates is to acquire substantially all of Master Ink’s assets including its People’s Republic of China based manufacturing facility.
Generex Biotechnology Corporation (Nasdaq: GNBT)
Generex Announces Updated Phase I Results From Novel Immunotherapeutic Vaccine Presented at the European Association of Urology Congress
WORCESTER, Mass., April 27, 2010 (GLOBE NEWSWIRE) — Generex Biotechnology Corporation (Nasdaq:GNBT) (www.generex.com) today announced presentation of additional results from a recently completed Phase I clinical trial of its novel immunotherapeutic peptide AE37 in prostate cancer patients. AE37 is a synthetic cancer vaccine being developed by Antigen Express, Inc. (www.antigenexpress.com), a wholly owned subsidiary of Generex, for multiple cancer indications. The presentation was made at the 25th Anniversary Congress of the European Association of Urology (EAU) (www.uroweb.org), which was held in Barcelona, Spain from April 16 through April 20.
Force Protection, Inc. (Nasdaq: FRPT)
Force Protection Announces Sale of Two Ocelot Vehicles to United Kingdom Ministry of Defence
Enables Further UK MoD Testing for LPPV Program
LADSON, S.C.–(BUSINESS WIRE)–Force Protection, Inc. (NASDAQ: FRPT), a leading designer, developer and manufacturer of survivability solutions and provider of total life cycle support for those products, today announced that Force Protection Europe, a wholly owned subsidiary of Force Protection Industries, Inc., received a contract from the United Kingdom Ministry of Defence (MoD) for the purchase of two Ocelot vehicles for further testing in respect of the Light Protected Patrol Vehicle (LPPV) program.
DARA BioSciences, Inc. (Nasdaq: DARA)
DARA BioSciences Enters Into a Clinical Trial Collaboration With the Division of Cancer Prevention (DCP), National Cancer Institute (NCI) for the Clinical Development of KRN5500
RALEIGH, N.C., April 27, 2010 (GLOBE NEWSWIRE) — DARA BioSciences, Inc. (Nasdaq:DARA) announced today that on April 26, 2010, DARA Therapeutics, a subsidiary of DARA BioSciences, and the Division of Cancer Prevention, National Cancer Institute (NCI), National Institutes of Health (NIH), entered into a Clinical Trials Agreement to advance the clinical study of KRN5500 for the treatment of Chemotherapy Induced Peripheral Neuropathy (CIPN) in patients with cancer. Under the terms of the collaboration, NCI will fund the studies and DARA will supply KRN5500 and placebo.
Converted Organics (Nasdaq: COIN)
Converted Organics Announces 129% Increase in Same Store Sales in Retail Lawn & Garden Market
Company has only been in consumer market for 13 months and is doing business with Whole Foods, Walmart, Sam’s Club, and other Big Box Retailers
BOSTON–(BUSINESS WIRE)–Converted Organics (NASDAQ:COIN) announces a 129% increase in same store sales of its Converted Organics Lawn and Garden retail products, and after just 13 months in the lawn and garden retail market, distributes through Whole Foods, Walmart, Sam’s Club, and other Big Box Retailers.
Osiris Therapeutics, Inc. (Nasdaq: OSIR)
Osiris Receives Milestone Payment for Prochymal Development Progress in Japan
Osiris Therapeutics, Inc. (NASDAQ:OSIR), announced today that it has achieved a $1 million milestone payment from its Japanese commercial partner, JCR Pharmaceuticals, for development progress made advancing Prochymal for the treatment of acute graft vs. host disease (GvHD) in Japan.
MDRNA, Inc. (Nasdaq: MRNA)
MDRNA, Inc. Announces Combinations of UsiRNAs in Proprietary DiLA2 Delivery Technology Show Improved Efficacy in Bladder Cancer Model
30%-50% Greater Efficacy Observed With UsiRNAs Targeting Multiple Genes Versus a Single Target Approach
BOTHELL, WA–(Marketwire – 04/28/10) – MDRNA, Inc. (NASDAQ:MRNA), a leading RNAi-based drug discovery and development company, today reported data demonstrating greater efficacy in tumor reduction in an orthotopic model of bladder cancer with multiple combinations of two UsiRNAs as compared to single target therapy. The data were presented by Michael V. Templin, Ph.D., Senior Vice President of Preclinical Development at MDRNA, Inc., at TIDES Oligonucleotide and Peptide(R) Technology and Product Development/IBC’s 2nd Annual Oligonucleotide Therapeutic Discovery April 25-28, 2010 in Boston, MA.
Orbit International Corp. (Nasdaq: ORBT)
Orbit International’s Power Group Receives Follow-on Production Order Valued at Approximately $460,000 in Support of Oil and Gas Services Industry
Anticipates Follow-On Orders in 2011 and Future Years
HAUPPAUGE, N.Y.–(BUSINESS WIRE)–Orbit International Corp. (NASDAQ:ORBT), a defense and industrial electronics manufacturer, systems integrator and software solution provider, today announced that its Power Group, Behlman Electronics, Inc. (“Behlman”), has received a follow-on production order for a power supply used in the oil and gas services industry valued at approximately $460,000. Deliveries under this contract are expected in the fourth quarter of 2010.
Martha Stewart Living Omnimedia, Inc. (NYSE: MSO)
Martha Stewart Living Omnimedia Reports First Quarter 2010 Results
Quarterly Results Reflect Strong Sales in Merchandising, Continued Stabilization in Print Advertising Revenue, Double-Digit Growth in Internet Revenue and Significant Library Licensing Agreement in Broadcasting
Martha Stewart Living Omnimedia, Inc. (NYSE:MSO) today announced its results for the first quarter ended March 31, 2010. The Company reported revenue for the first quarter of $53.2 million, reflecting a significant licensing agreement in Broadcasting, strong sales in Merchandising, continued growth in Internet advertising revenue and continued stabilization in print advertising revenue.
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