David K. Randall, AP Business Writer
Stocks drift down a day after hitting 2-year highs
Stocks slip after hitting two-year highs; House passes $850 billion tax package
NEW YORK (AP) — Stock trading opened quietly Friday, a day after major indexes hit two-year highs.
In a sign the economy is improving, the Conference Board said its index leading economic indicators rose 1.1 percent in November. The index — which tracks data such as orders for new goods and materials — rose 0.5 percent in October.
In early trading, the Dow Jones industrial average fell 24.71 points, or 0.2 percent, to 11,474.54. The Standard and Poor’s 500 index fell 0.89, or 0.1 percent, to 1,241.98. The Nasdaq composite index rose 3.28, or 0.1 percent, to 2,640.59.
The Dow and S&P 500 index closed Thursday at their highest levels since September 2008.
The House passed an $850 billion tax cut package late Thursday night. The bill will extend Bush-era tax cuts for another two years. House Democrats had complained that the tax package is overly generous to the nation’s wealthiest taxpayers.
Yesterday’s Top Performing Small Cap Stock:
Casey Container Corp. (OTCBB: CSEY)
Casey Container Corp. was a SmallCapVoice.com top performer closing up over 13% on trading volume of 31,800 shares.
Headquartered in Scottsdale, Arizona, Casey Container is engaged in the design and custom manufacture of biodegradable PET, HDPE and other plastic polymer preforms, bottles and containers for use in the bottled water, beverage and consumer products industries. The Company is committed to developing container products that meet clients’ demands while addressing environmental issues concerning proliferation of plastic pollution. The Company offers its biodegradable plastic packaging solutions using the breakthrough science of the EcoPure® additive and technology.
Today’s SmallCapVoice.com Hot Stock to Watch:
XZERES Wind Corp. (OTCBB: XWND)
XZERES Acquires First Three Micro-Generation Utility Customers — Minimum of $1.1Million in Combined Contract Value
WILSONVILLE, OR — (Marketwire) — 12/16/10 — XZERES Wind Corporation (OTCBB: XWND), designer, developer and producer of distributed generation, wind power systems for the small wind market (2.5kW-100kW), announced today the signing of the first three customers under the Company’s recently launched Micro-Generation Utility model. Representing three separate contracts, the minimum total combined dollar value is expected to total approximately $1.1 million.
Other Small Cap News
Advanced Voice Recognition Systems, Inc. (OTCBB: AVOI)
A New Audio Interview with Advanced Voice Recognition Systems, Inc. President and CEO, Walter Geldenhuys, is Now at SmallCapVoice.com
AUSTIN, Texas–(BUSINESS WIRE)– SmallCapVoice.com, Inc. announces today that a new audio interview with Advanced Voice Recognition Systems, Inc. (AVRS) (OTCBB:AVOI) www.avrsys.com , is now available. The interview can be heard at http://smallcapvoice.com/blog/12-14-10-audio-interview-with-advanced-voice-recognition-systems-inc-otcbb-avoi/.
SinoTech Energy Limited (Nasdaq: CTE)
SinoTech Announces RMB437 Million Agreement to Purchase 10 New LHD Units
Company Will Double Existing LHD Capacity by December 2011
BEIJING, Dec. 17, 2010 (GLOBE NEWSWIRE) — SinoTech Energy Limited (Nasdaq:CTE) (“SinoTech”), a fast-growing provider of enhanced oil recovery (“EOR”) services in China, today announced that it has signed an RMB437 million (US$ 65.7 million) agreement to purchase 10 additional lateral hydraulic drilling (“LHD”) units. SinoTech will take delivery of the equipment in three batches over the next year, with the first two units arriving in March 2011. The 10 new units will double the capacity of Sinotech’s LHD service, one of the company’s two core EOR offerings, by the end of 2011.
China Sunergy Co., Ltd. (Nasdaq: CSUN)
China Sunergy to Supply 120 MW of PV Modules to Ecoware S.p.A
NANJING, China, Dec. 17, 2010 /PRNewswire-Asia/ — China Sunergy Co., Ltd. (Nasdaq:CSUN) (“China Sunergy” or the “Company”) a leading solar cell and module manufacturer based in Nanjing, China, today announced that it has entered into a framework agreement with Ecoware S.p.A., a subsidiary of Kerslef Group, a leading Italian company in the integration of photovoltaic systems and solar fields of any size, both for private and industrial use. According to the terms of the agreement, China Sunergy will supply 120 megawatts (MW) of PV modules, which are branded as CEEG by China Sunergy, to Ecoware S.p.A. from the fourth quarter of 2010 to the third quarter of 2011.
BioClinica, Inc. (Nasdaq: BIOC)
BioClinica Announces Share Repurchase Program
NEWTOWN, Pa.–(BUSINESS WIRE)– BioClinica®, Inc., (NASDAQ:BIOC), a global provider of clinical trial management services, announced that its Board of Directors has authorized a share repurchase program of up to $2.0 million of the Company’s common stock over the next 18 months.
iCAD, Inc. (Nasdaq: ICAD)
iCAD to Acquire Xoft, Inc.
Advances Commitment to Oncology Care Cycle with Leading Non-Radioactive Brachytherapy Solutions for Breast and Other Cancers; Conference Call Scheduled at 11:00 a.m. Eastern Time December 17
NASHUA, N.H.–(BUSINESS WIRE)– iCAD, Inc. (Nasdaq:ICAD), an industry-leading provider of advanced image analysis and workflow solutions for the early identification of cancer, announced today the signing of a definitive agreement to acquire Xoft, Inc., developer of the Axxent® eBx™ electronic brachytherapy system for approximately 8.47 million shares of iCAD common stock (representing approximately 15.6% of iCAD’s outstanding common shares after closing) and approximately $1.0 million in cash, for a total consideration at closing valued at approximately $13.1 million, exclusive of any potential earn-out payments described below. The acquisition is expected to close by year-end, and brings a breakthrough isotope-free cancer treatment platform technology to iCAD.
Repros Therapeutics Inc (NasdaqCM: RPRX)
Repros® Therapeutics Prepares to Commence Dosing in Second Cohort in Low Dose Proellex® Study
No signals of liver toxicity detected at one milligram dose of Proellex Low levels of drug activity exhibited in first cohort
THE WOODLANDS, Texas–(BUSINESS WIRE)– Repros Therapeutics Inc.® (NasdaqCM:RPRX) today announced it has commenced preparation for dosing the 3 mg cohort in the Company’s low dose study of Proellex® following a safety review of data from women that have completed 8 weeks of treatment at a 1 mg dose. No signals of liver toxicity were detected to date in the 1 mg group. Unexpectedly, low levels of drug activity were detected in this first cohort. The Company plans to commence dosing of the second group, 3 mg Proellex, next week.
Entrée Gold Inc. (NYSE Amex: EGI)
Entrée Gold Commences Drilling Dixie Target at Bisbee, Arizona
VANCOUVER, Dec. 16 /PRNewswire/ – Entrée Gold Inc. (TSX:ETG) has commenced a combined reverse circulation- core drilling program at its Bisbee project in Arizona. The initial three hole, 2,400 metre program (including 1,200 metres of reverse circulation pre-collars) will test a discrete buried geophysical target whose signature is similar to several known mineralized copper porphyry deposits in the Southwest USA. The Dixie target is located 6 kilometres north of the historic Lavender pit at Bisbee (refer to map on www.entreegold.com).
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.
The SmallCapVoice.com, Inc. Daily Highlights is an electronic publication, and is for informational purposes only. The Small Cap Voice Daily Highlights covers both client and non client issuers. Non client issuer’s news is listed under other small cap news. SmallCapVoice is an electronic publication providing information on selected public companies. All companies profiled on this website pay cash or restricted stock to SmallCapVoice as consideration for the electronic dissemination of the company’s information and our comments about the company. Section 17(b) of the Securities Act of 1933 requires that SmallCapVoice fully disclose the type consideration (i.e. cash, restricted stock, and restricted stock with registration rights, stock options, stock warrants, or other type consideration) and the specific amount of the consideration our company receives or will receive, directly or indirectly, from an issuer, underwriter, or dealer. No information contained in our website, e-mail communications or our publications should be considered as a solicitation to purchase or sell the securities of the profiled companies. SmallCapVoice is not a registered investment advisor or a registered securities broker dealer. We do not undertake or represent to make investment recommendations or to give advice pertaining to the purchase or sale of the securities mentioned in our web site, e-mail communications or publications. The information contained in our website, e-mail communications and publications are carefully compiled by SmallCapVoice from public sources that we believe to be reliable. SmallCapVoice, however, does not guarantee the accuracy of any information contained in our website, e-mail communications or publications. This material is not a substitute for either one’s own thorough investigation of an investment opportunity or the exercise of good business judgment. SmallCapVoice does not endorse, independently verify, or assert the truthfulness or reliability of any statements or data obtained from third party sources that are published by us about the profiled companies in our website articles, e-mail communications or publications, but we do not publish information that we know is incorrect. Investors should not rely solely on the information contained in our website, e-mail communications or publications when making investment decisions. Instead, investors should use the information provided on the profiled companies as a starting point for conducting additional research that will permit them to form their own opinions regarding the appropriateness of an investment in the profiled company’s securities. SmallCapVoice does not warrant, represent or guaranty that there has been no change in the affairs of the profiled company since the date that information was published on this website, in e-mail communications or in our publications regarding a profiled company or after the date of the profiled company’s press releases or other information disseminated via our website or publications. If you become aware of any change of circumstances related to any website article, e-mail communication or publication, please notify us immediately. See the Contact Us page for the appropriate e-mail address. The information contained in our website, e-mail communications and publications pertains to microcap, small cap and/or other thinly traded securities which by their very nature involve an extremely high degree of risk. An investment in these type of securities could result in the loss of some or all of an investment in the company. In addition, due to the illiquid nature of some of these securities, an investor may find encounter difficulties in liquidating the securities. SmallCapVoice may liquidate the stock consideration it receives at any time it deems it appropriate to do so after the required six-month holding period has run after the completion of the services for which SmallCapVoice was paid in stock. The liquidation of our stock may have a negative impact on the securities of the company liquidated, including decreased market value and/or dilution of the company’s securities. The following companies have paid, and/or have agreed to pay SmallCapVoice to: distribute the company’s information and reports on this website, to send e-mail communications; to send publications by mail, to post company Internet links on our website, and to compile and/or to distribute reports in an e-mail newsletter.
We encourage our readers to use caution when investing and educate themselves at the web sites of the Securities and Exchange Commission (“SEC”) at www.sec.gov and/or the National Association of Securities Dealers (“NASD”) at www.nasd.com. We encourage you to study the SEC’s policies regarding online newsletters at http://www.sec.gov/answers/newsltr.htm. We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at www.sec.gov/consumer/cyberfr.htm. Readers can review all public filings by companies at the SEC’s EDGAR page. The NASD has published information on how to invest carefully at its web site. Link to full disclosure about compensation paid to SmallCapVoice.com, Inc. by companies featured on our site.