Austin, TX 8/26/2009 9:29:34 PM
News / Business

Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Stocks edge higher as investors digest latest round of economic data

Stocks turn positive after a report showing a surge in new home sales.

 

The Commerce Department says new home sales rose 9.6 percent in July -- the fourth straight monthly increase.

 

The report follows better-than-expected data on factory orders. The Commerce Department said orders for goods expected to last at least three years rose 4.9 percent in July -- the biggest jump in two years and more than the 3 percent increase economists had expected.

 

Despite the generally improving economic data, the market remains cautious. After a five-month run-up in stocks, with little break, investors are unsure how much further the market can go without seeing actual economic growth.

 

The Dow Jones industrials are up 20 at 9,559, after being down as much as 45 points prior to the home sales data. The Standard & Poor's 500 index is up less than a point at 1,029, and the Nasdaq composite index is up 5 at 2,029.

 

Yesterday’s Top Performing Small Cap stock:

 

TIE Technologies, Inc. (Pink Sheets: TTCS) was a SmallCapVoice.com top performer closing up 155% on trading volume of 2,000 shares.

 

A New Audio Interview Featuring TIE Technologies, Inc. Executive Vice President, Graham Mew, is now at SmallCapVoice.com. The interview can be heard at http://smallcapvoice.com/blog/8-25-09-audio-interview-with-tie-technologies-inc-otcpk-ttcs.

 

TIE Technologies is a systems integration and telecommunications company focused on engineering and delivering innovative solutions for user's needs and challenges within the dynamic global voice, video and data communications markets. The company offers managed IT and telecommunication services to solve a myriad of complex client requirements. Services and solutions include out sourced and internal server, applications hosting, managed hosting and related systems management services, database hosting, content delivery networks, data broadcasting networks, and voice and video solutions providers. TIE Technologies (TIE) is traded on the Pink Sheets under the symbol "TTCS".

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

HearAtLast Holdings, Inc. (Pink Sheets: HRAL)

 

HearAtLast Holdings, Inc., a leading provider of suitable affordable solutions to clients with hearing needs in the billion dollar hearing loss market, announced today that through the addition of Louis Isabella; CFO; and the Evans Martin group, the Company has identified several significant cost cutting measures.

 

The new direction of HearAtLast Holdings, Inc. sees dramatic reductions in operating costs across the board. Restructuring at the corporate level will enable HearAtLast to successfully reduce management monthly expenses by approximately $240,000 without diminishing the team or duties of management.

 

With the new revenue and community outreach model developed by Robert J. Oswald and Pierre LaFontaine now in place, the clinic operating expenses have also been reduced by $20,000-$30,000 per clinic or upwards of $500,000 annually moving forward. "These resources can now be channeled into marketing and brand awareness, let alone the bottom line," states Louis Isabella; CFO. "We as a company and management team have simply assumed more responsibility at all levels of the operation, thus creating a break-even point and profitability well ahead of previous forecasts thus increasing shareholder value."

 

About SmallCapVoice.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 daily stock picks, audio interviews, as well as its client'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 investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.

Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles.  For compensation and complete disclaimer click here.

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