9-2-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
September 2nd, 2010 | Author: Tom
Stephen Bernard, AP Business Writer
Stocks edge higher after jobs, housing reports
Stocks inch up after pending home sales, factory orders rise and unemployment claims dip
NEW YORK (AP) — Stocks edged higher Thursday after reports on housing, manufacturing and jobs indicated the economy continues to grow, albeit slowly.
The Dow Jones industrial average rose 17 points in late morning trading. Broader indexes rose.
The Labor Department said first-time claims for unemployment benefits fell slightly last week, but remain well above levels that indicate a healthy economy. Claims dipped for the second straight week. They fell slightly below the level economists had forecast, which was somewhat encouraging ahead of the monthly employment report due out Friday.
The Dow rose 17.48, or 0.2 percent, to 10,286.88. The Standard & Poor’s 500 index rose 5.75, or 0.5 percent, to 1,086.04, while the Nasdaq composite index rose 14.99, or 0.7 percent, to 2,191.83.
The number of buyers who signed contracts to purchase homes rose 5.2 percent in July after hitting a record low in June, according to the National Association of Realtors. Sales plummeted in the months following the expiration of the government’s home buyer tax credit in April and economists were expecting that trend to continue for a third straight month.
Yesterday’s Top Performing Small Cap Stock:
Pro-Pointer, Inc. (Pink Sheets: PPII)
Pro-Pointer, Inc. was a SmallCapVoice.com top performer closing up over 29% on trading volume of 481,987 shares.
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Car Charging Group Partners With Kobi Karp Architecture & Interior Design to Incorporate Electric Vehicle Charging Stations Into Company’s Designs Concepts
September 2nd, 2010 | Author: Tom
MIAMI BEACH, Fla., Sept. 1, 2010 (GLOBE NEWSWIRE) — Car Charging Group, Inc. (OTCBB:CCGI), an owner and provider of electric vehicle (EV) charging stations with the mission to build-out a nationwide infrastructure, announced a strategic partnership to incorporate electric vehicle (EV) charging stations into both existing projects as well as future design offerings of Kobi Karp Architecture & Interior Design (KKAID) (www.kobikarp.com), located at 2915 Biscayne Boulevard, Miami, FL 33137-4197, a vertically-integrated and award winning firm specializing in international architecture, planning and interior design.
“Our portfolio includes luxury high-rise mixed-use developments, world-class hospitality and entertainment centers, high-end commercial and retail spaces. We have a long history in sustainable development. In April 2007, the United States Green Building Council (USGBC) recognized Baylights Condominium, a design project we spearhead, as the first green residential building in South Florida,” said Kobi Karp, principal and founder of KKAID. “Access to charging stations for electric cars is the next must-have accessory in upscale housing and forward-thinking developers are demanding this feature be incorporated into design plans as a perk to distinguish their offerings from competitors.”
ALL IN Energy establishes ALL IN Asia Licensee
September 2nd, 2010 | Author: Tom
HENDERSON, NV, Sept. 2 /PRNewswire-FirstCall/ – Kore Nutrition Incorporated (“Kore” or the “Company”) (OTCBB: KORE) and the Company’s wholly owned subsidiary, Go All In, Inc. (“ALL IN”), are pleased to announce the establishment of their new Asian Licensee, ALL IN Asia.
ALL IN Asia is headed by Mr. Desmond Liew, an experienced and highly capable marketing and distribution expert in Asia. ALL IN Asia will manage the rollout of ALL IN Energy products throughout the important markets of Mainland China, Hong Kong, and Korea initially, then expand distribution throughout the rest of this region over time.
The Asia Pacific region accounts for an estimated 30% of worldwide energy drink consumption. According to Zenith International, the worldwide beverage consumption analytical firm, annual beverage consumption growth projections through 2010 in Asia will be, on average, 12% – 14%, and projected to continue at this level through 2015.
Investing In the Field of Oral Insulin
September 1st, 2010 | Author: Tom
Despite the availability of modern insulin injection devices with needles that are so sharp and thin that practically no injection pain takes place, it is still the dream of patients with diabetes to, for example, swallow a tablet with insulin. This is not associated with any pain and would allow more discretion. Therefore, availability of oral insulin would not only ease insulin therapy, it would certainly increase compliance. However, despite numerous attempts to develop such a “tablet” in the past 85 years, still no oral insulin is commercially available.
Oramed Pharmaceuticals (OTCBB: ORMP) (http://www.oramed.com), is a technology pioneer in the field of oral delivery solutions for drugs and vaccines presently delivered via injection. Oramed is seeking to revolutionize the treatment of diabetes through its patented flagship product, an orally ingestible insulin capsule (ORMD-0801), which recently announced promising results from a phase 2b clinical trial.
Established in 2006, Oramed’s technology is based on over 25 years of research by top research scientists at Jerusalem’s Hadassah Medical Center. For over two decades, scientists at Hadassah Hospital’s Diabetes Unit, led by Professor Hanoch Bar-On, worked to develop a technology designed to enable the oral administration of insulin to diabetics. ’ Miriam Kidron, and served as a director until his untimely death in 2006.
9-1-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
September 1st, 2010 | Author: Tom
Stephen Bernard, AP Business Writer
Stock market kicks off September with strong gains
Stocks start month with a big rally after signs of growth in US, Chinese manufacturing
NEW YORK (AP) — Stocks jumped Wednesday after surprisingly strong growth in U.S. and Chinese manufacturing allayed some of the worries that had been building over the global economy in recent weeks.
The new reports snapped a string of disappointing economic data that sent stocks slumping in August. The Standard & Poor’s 500 Index, the benchmark most widely used by professional investors, lost 4.7 percent in the month, its worst performance for the month since 2001.
The Dow Jones industrial average jumped more than 220 points on the first day of September trading. Broader indexes also rose more than 2 percent. With investors pouring into stocks, Treasurys fell and interest rates rose.
The Institute for Supply Management said manufacturing activity in the U.S. rose in August, in contrast to regional reports from recent weeks that pointed to a slowdown. The ISM manufacturing index grew to 56.3 last month from 55.5 a month earlier. Economists polled by Thomson Reuters had forecast a decline.
Any reading above 50 indicates growth, so the latest reading indicates manufacturing had been growing throughout the summer, though not at the pace it did earlier this year. Nearly all economic reports over the past month had pointed to meager economic growth in the U.S., which dampened earnings outlooks and hurt stocks.
Yesterday’s Top Performing Small Cap Stock:
Kore Nutrition, Inc. (OTCBB: KORE)
Kore Nutrition, Inc. was a SmallCapVoice.com top performer closing up over 9% on trading volume of 338,964 shares.
ALL IN Energy Completes Distribution Agreement for the United States
September 1st, 2010 | Author: Tom
HENDERSON, NV, Sept. 1 /PRNewswire-FirstCall/ – Kore Nutrition Incorporated (“Kore” or the “Company”) (OTCBB: KORE) and the Company’s wholly owned subsidiary, Go All In, Inc. (“ALL IN”), are pleased to announce the appointment of LMB Sales Inc. (“LMB Sales”) to represent and market ALL IN products throughout the Western United States, which is the Company’s initial focus territory, as one of the Company’s initial key distributors.
LMB Sales, located in Murrieta, California, has strong relationships with some of the largest and most well-known retail distributors in the U.S. and has a significant track record of success in marketing and representing new retail brands and products. Retail store chains such as Kroger, Walgreens, 7-Eleven, Costco, and Walmart will be the Company’s first priority for distribution, with additional well-known regional and national accounts to be added.
