Austin, TX 1/15/2010 12:26:44 AM
News / Business

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

Stocks turn higher on heels of increase in business inventories

Stocks are edging higher and Treasury prices are rising as the government says businesses increased inventories by a larger-than-expected amount in November.

 

The Commerce Department says Thursday that business inventories rose by 0.4 percent in November, double the increase economists expected.

 

The market has shown little direction in early trading following disappointing reports on retail sales and new jobless claims. Many investors are waiting for Intel Corp.'s earnings, being released after the end of trading.

 

The Dow Jones industrial average is up 8 at 10,688. The Standard & Poor's 500 index is up less than 1 at 1,147, and the Nasdaq composite index is up 7 at 2,315.

 

Yesterday’s Top Performing Small Cap stocks:

 

VEGA PROMOTIONAL SYSTEMS, INC. (Pink Sheets: VGPR) was a SmallCapVoice.com top performer yesterday closing up over 11% on trading volume of 2,108,965 shares.

 

VEGA PROMOTIONAL SYSTEMS, INC. announced it has updated its website to include information on The Green Valley Project.

 

Located in western Indiana, The Green Valley Project is a multifaceted green energy power production facility that converts inexpensive methane gas from the abandoned Green Valley Mine into electricity and thermal energy.

 

The update includes pictures of the production facility and technical analysis of the methane from the Green Valley Mine.

 

The methane has been tested and a demonstration project completed, proving the viability of utilizing coal bed methane from the Mine as a sole source fuel to generate electricity from natural gas reciprocating engine generator sets.

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

VitaminSpice, LLC (OTC BB: VTMS)

 

VitaminSpice, LLC has joined hands with Amdistco for co-branded products with the popular cooking show, Iron Chef America. The companies will offer a line of co-branded seasonings and dessert toppings.  Initially, there are plans to launch several blended seasoning packs formulated with VitaminSpice's proprietary microencapsulated multi-vitamins.

 

The arrangement will be managed by American Distribution Company (Amdistco.com), which also holds the license for other prominent licensors. The process to bring this special co-branded mix to the market has already gone through several months of discussions. Labeling for the packaging has already been created for each of the Iron Chef America/VitaminSpice multi-packs to hit the market soon.

 

Ed Bukstel, President of VitaminSpice, said, "This is a really promising partnership. From the loyal viewer following the original Iron Chef to the press they're receiving for the Super Chef Battle at the White House, they're constantly reinventing themselves. It's a great fit for an innovative product like VitaminSpice."

 

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