NeoStem, Inc. (AMEX: NBS) is an international biopharmaceutical company with operations in U.S. and China. Yesterday, it announced that it was added to the broad-market Russell 3000 Index with Russell Investment’s reconstitution of its comprehensive set of U.S. and global equity indexes effective June 25, according to a list of additions posted on www.russell.com. This occurrence represented an important milestone in NeoStem’s history. As part of the Russell indices, the company will have the opportunity to increase the company’s visibility within the investment community and further diversify its shareholder base.

NeoStem’s majority-controlled Chinese pharmaceutical operation, Suzhou Erye, manufactures and distributes generic antibiotics in China. It announced today that on June 15, 2010 its 51% owned Suzhou Erye pharmaceutical subsidiary passed the government inspection by the State Food and Drug Administration in China to manufacture penicillin and cephalosporin powder for injection at its new manufacturing facility. These two cGMP lines were responsible for $45,000,000 of Erye’s sales in 2009. The new facility now has received government certification and is fully operational and manufacturing products on these two production lines.

NeoStem’s Chairman and CEO, Robin Smith, commented, “Erye’s relocation of these two additional production lines to the new facility will increase capacity in the near term by more than 50%, bringing Erye another step closer to its goal of becoming one of the largest antibiotic producers in Eastern China.” 

To view this article at World Market Media click on the link below: http://www.worldmarketmedia.com/779/section.aspx/1971/post/neostem-inc-amex-nbs-102m-marketcap

The new facility will provide an increase in production capacity of more than 50% over the old facility. Coupled with the approval of the lines earlier in 2010, Erye has relocated over 90% of its 2009 sales to the new facility, placing the process significantly ahead of the original 2011 goal. NeoStem is currently trading at $1.95, up $0.07 or 3.72%.

NeoStem’s Chairman and CEO, Robin Smith, commented, “Erye’s relocation of these two additional production lines to the new facility will increase capacity in the near term by more than 50%, bringing Erye another step closer to its goal of becoming one of the largest antibiotic producers in Eastern China.” 

Disclosure: no positions

- About the Author:   About World Market Media:WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies. Article Source

LoJack Corporation (NASDAQ: LOJN) announced today its strategic restructuring and workforce reduction. The company reported that it has restructured the company’s operations and reduced staffing to maintain and strengthen the company’s position in the marketplace. These initiatives principally affect the company’s corporate headquarters and field sales organization. The approximately $1.8 million charge related to these cost reductions will be reflected in the second quarter of this year and provide a benefit of approximately $3.5 million over the remainder of 2010, with an annualized benefit of approximately $6.8 million beginning in 2011. The work force reductions are expected to be completed in the second quarter of 2010.

In making the announcement, Richard T. Riley, Chairman and CEO said, “We regret the hardship that this restructuring will have on affected employees but believe these actions position us well to meet the changing dynamics of the automobile marketplace. We remain focused on our core domestic auto and international licensee businesses while continuing to build our Italian subsidiary and the LoJack SafetyNet business, which serves those with autism and Alzheimer’s.

“The stabilization in the global auto market over the last few months has been encouraging. We continue to expect a moderate year over year increase in revenue, modest profit, positive operating cash flow and healthy margins for 2010. Our revenue growth will be gradual and will be concentrated in the second half of the year.”

To view this article at World Market Media please click on the link below: http://www.worldmarketmedia.com/779/section.aspx/1953/post/lojack-corporation-nasdaq-lojn-69m-marketcap-announces-strategic-restructuring-plan

Disclosure: no positions 

- About the Author:   About World Market Media:WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies. Article Source

Stanley Furniture Company, Inc. (NASDAQ: STLY) dates back to 1924, when Thomas B. Stanley—a young dairy farmer—founded the company. He started by shipping the finest lumber from the Northeast to Stanleytown, a small town in western Virginia, to create furniture of superior craftsmanship, style, and affordability. Today, over 1300 associates carry on Thomas Stanley’s vision of quality, American-made furniture. The company is currently trading at $5.80, up $1.25 or 27.47%. It has been featured both today and on June 16th in Nasdaq’s report of the top 10 largest percentage increases.

There hasn’t been press released on the company since May 13th, when it announced its plan to cut about 530 jobs from its factories in Virginia as part of a manufacturing restructuring. The Stanleytown, Va.-based company said the move is necessary to return to profitability. The company lost $19.1 million in the first quarter on sales of $36.5 million, and revenues were down 8.1 percent from the first quarter of 2009.

Stanley will move most of the manufacturing of its traditional products from Virginia to several offshore vendors. Much of the factory space will be converted into a warehouse and distribution center.

The company will continue to manufacture its “Young America” youth and nursery product lines in Robinsville, N.C., though, said CEO Glenn Prillaman, because that market segment demands quicker shipments and more finishes and flexibility. It’s a different story for the furniture that had been made in Virginia.

“The luxury segment of the adult market demands sophisticated finishes, exotic materials and labor-intensive features that domestic manufacturing in our Stanleytown facility can no longer profitably provide,” he said.

To view this article at World Market Media click on the link below:

Disclosure: no positions

- About the Author:   About World Market Media:WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies. Article Source

Tamm Oil and Gas Corporation is based in Calgary, Alberta, Canada. Currently, the company owns 35,200 acres of oil and gas rights in the peace river and holds 100% interest in the natural gas and heavy oil rights on these properties. 

  Heavy crude oil is a denser form of oil with a specific gravity greater than .933, it is mostly the result of degraded crude oil exposed to some form of water or air. The largest reserve of heavy oil in the world is located in Venezuela along the Orinoco River. There are many methods to extract the natural resource including: Cold heavy oil production with sand, steam assisted gravity drainage, cyclic steam stimulation, vapor extraction, toe to heel air injection and open pit mining  It is estimated that 3 billion original barrels of heavy oil are beneath the land owned by TAMM. Currently, geological studies are being conduct along with testing of optimal methods of recovery, the company is leaning towards CCS, vertical or horizontal or both, SAGD type recovery, Cold Flow, TIDE or other models. Typical costs for these types of production methods, at the commercial pilot stage are around $40/bbl — thus a good return for initial production aiming at 18% primary recovery and cyclic steam at 30% recovery. As production in this area is still in the early stages, the anticipated recovery rates may increase with experience in working with these potential reservoirs. Initial extraction could begin next year or in 2012.   TAMO is trading at .26 up .075 or 40% at a volume of 121k .  

To view this article at World Market Media click on the link below: http://www.worldmarketmedia.com/779/section.aspx/1916/post/tamm-oil-and-gas-corp-40-otctamo

Disclosure: no positions

- About the Author:   About World Market Media:WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies. Article Source

TAMPA, FL–(Marketwire – 06/17/10) – MagneGas Corporation (“MagneGas” or the “Company”) (OTC.BB:MNGA – News), a producer of a metal working fuel and natural gas alternative made from liquid waste, announced today that its construction of the 200kw Plasma Arc Flow™ Refinery ordered by Beijing-based DDI Industry International (“DDI”) is on schedule and nearing completion. The Company expects DDI to inspect the unit in person in July, and make its final payment of $950,000 by no later than August 31, 2010. DDI previously made a $950,000 down payment toward the $1.9 MM Refinery purchase price.

For the first time MagneGas is giving investors a window into its workshop — view photos of the actual China Refinery in progress at ir.stockpr.com/magnegas/refinery.

“We are very proud of this latest Refinery — with it we have advanced the MagneGas™ Technology and have produced our most efficient unit to date, improving both liquid waste processing and clean fuel production,” stated MagneGas President Richard Connelly. “We have also demonstrated to future customers that we can build to custom specifications, and do so on time and within budget. This is a positive milestone in our development, both in terms of product and of process.”

To view this article at World Market Media click on the link below: http://www.worldmarketmedia.com/779/section.aspx/1879/post/magnegas-otcbb-mnga-nearing-completion-of-plasma-arc-flow-refinery

Disclosure: no positions

About World Market Media:WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies.

- About the Author:

Article Source

For all you old school gamers out there, Majesco Games has just announced that it will be releasing Tetris Party Deluxe in a partnership with Tetris online. The game will feature 20 new modes and will be available on both the Nintendo Wii and DS. 

   Tetris has been one of the most popular games in the world since 1984 when it was invetented by Alexey Pazhitnov in the Soviet Union. The game derives its name from the Greek Numeral tetra, referring to the four blocks in each shape.    It never ceases to amaze me how simple designs stand the test of time. Video games are undergoing a cyclical phase where many old games are being re-done or re packaged into arcade style releases by developers. Majesco Games (NASDAQ: COOL) is trading at .80 up .01 or 1% on thin volume. The stock has been acting rather volatile in the last three months and has taken a decent sized dip from $1.04 to its current position. Despite the volatility, the company has been steadily pumping out new releases on average two times a month since we have initiated coverage. As I have said in my previous articles about companies in the gaming space, summer is the season for developers so we will see how our stocks fair as the solstice approaches. For more stories written on COOL click hereMajesco games is featured in our Micro Cap Index   

To view this article at World Market Media click on the link below: http://www.worldmarketmedia.com/779/section.aspx/1726/post/majesco-games-releases-tetris-party-nasdaqcool

Disclosure: no positions

- About the Author:   About World Market Media:WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies.       Article Source

Wall Street remains in panic mode this morning.  Stock Index futures were lower pre-open and this logically carried over into the first hour where the Dow opened down more than 100 points before finding bids. The  Volatility gage (VIX Index) is at its highest level since the market plummeted in 2008, and traders expect Friday action to whip-saw all stocks.

Futures pointed to further selling Friday after major stock indexes posted their biggest drops in more than a year and pushed the market to “correction” mode.

Investors again looked to Europe for direction. The German parliament approved the country’s share of a $1 trillion plan to help contain debt problems in the European Union but major stock indexes fell more than 1 percent in Europe. Traders are worried stronger countries like Germany and France will be saddled with heavy debts to help weaker EU countries.

The euro rose to $1.2541 from $1.2464. The 16-nation currency has been a big driver of trading for weeks but many traders have been skeptical that any advances will be short-lived.

World markets have been falling on concerns that European debt problems will upend a global rebound. The fear is that huge deficits in countries including Greece and Portugal will cause a wave of bad debt to race through the world’s financial system. Even if that is prevented, the prospect of heavier borrowing and sluggish growth has traders concerned.

To view this article at World Market Media please click on the link below: http://www.worldmarketmedia.com/779/section.aspx/1588/post/markets-open-lower-dow-remains-in-panic-mode

- About the Author: About World Market Media:WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies.     Article Source

Adams Golf focuses on developing high-performance and technologically innovative golf products. On May 11, the company released its first quarter 2010 results. It reported a 5% decrease in net sales compared to the 3 months ended March 31, 2009, but had an overall higher net profit ($1.7 million) than the previous year ($0.4million). The company had open orders totaling $18.1 million at the end of the quarter as compared to open orders of $5.3 million at the same point in 2009. Chip Brewer, CEO and President of Adams Golf, commented that “we believe this increase in open orders is primarily a result of more forward looking planning by select retailers as well as delays in product availability from various vendors. We expect the product availability delays to be resolved during the current quarter.”

The company has experienced significant growth in U.S. market shares. They have been energized with the market response to their current product offerings. One of its newest products, the Speedline Fast 10 drivers, has reduced drag by 10% throughout the swing for a faster club head speed that generates more distance (an additional 15 yeards of carry distance) than previous driver models. According to Golf Datatech LLC, their U.S. iron dollar share was 11.96%, up 21% year over year for the first quarter of 2010. The wood dollar share was 6.53%, up 11% year over year. Furthermore, in March 2010, the Idea A7OS iron set was the #1 selling model of irons in the U.S. Through increased tour exposure, Adams has continued to strengthen its brand and sustained its position as the #1 hybrid on the PGA, Nationwide and Champions tours. Brewer comments that “we are encouraged with the progress we have made in both the product and brad side of the business as well as the improved financial results.”

- About the Author:   About World Market Media:WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies.     Article Source