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International Power Group, Ltd. (OTCBB: IPWG) Up 80.00% on Thursday
Detailed quote: http://www.beaconequityresearch.com/IPWG
January 03, 2008 - International Power Group Egypt, Ltd. Concludes Royalty Agreements with Two Egyptian Companies
International Power Group Egypt, Ltd. ("IPWG Egypt"), a subsidiary of International Power Group, Ltd. (OTCBB: IPWG), today announced that it has consummated royalty agreements with Egypt Rubber, Ltd. (ERL) and the LOL Group (LOL) -- two companies with considerable expertise in the waste oil and used tire recycling fields.
Louis D, Garcia, Chief Financial Officer of IPWG Egypt, stated, "These agreements are in furtherance of the August 2007 Memorandum of Understanding and Cooperation Protocol Agreement between the Egyptian government and IPWG Egypt's principal shareholders. ERL will be constructing and operating a state-of-the-art tire recycling plant in Alexandria, Egypt, and LOL will be taking over from the Egyptian government operations of an existing waste oil recycling facility in Alexandria, Egypt. ERL and LOL already have in place agreements for the supply of waste oil and used tires to their plants, as well as orders for all of the recycled lube oil and rubber they will be producing. IPWG Egypt will receive a five percent (5%) royalty from both ERL and LOL for consulting and business development services."
Urex Energy Corporation (OTCBB: URXE) Up 33.33% on Thursday
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January 03, 2008 - Urex Energy Corporation Reports Results from Airborne Geophysical Survey in Argentina
Urex Energy Corporation (the "Company" or "Urex") (OTCBB: URXE) reports that New-Sense Geophysics Ltd. has completed 50% of a fixed wing aeromagnetic/radiometric survey over Urex's Argentine properties within the Cerro Solo claim block.
Field geologic teams in December visited Urex's Cerro Solo claim group to ground truth uranium anomalies identified by the airborne survey. The ground truthing process consists of the physical examination of rock outcrops and soils by geologists with a Gamma ray detecting instrument called a scintilometer or spectrometer. A scintilometer measures only total Gamma ray counts (radioactivity) whereas a Gamma ray spectrometer distinguishes Gamma radiation from specific elemental sources like uranium, thorium, and potassium. Field examinations confirm that the airborne defined uranium anomalies correlate to radioactive rock outcrops that measured up to 65,000 counts-per-second with a peak value of 12,490 parts per million uranium or 1.47 wt. % U3O8 as measured on a hand held Super Spec RS 125 Spectrometer manufactured by Radiation Solutions Inc. Uranium/Thorium ratio averages 11 to 1 for the rocks measured.
Conglomerate and sandstone rock samples taken from outcrops have been sent to American Assay Laboratories Inc. of Sparks, Nevada, for analysis of uranium and other elements using XRF method (X-ray fluorescence). All chemical assay results are pending.
Field mapping and ground truthing continues on the Company's Cerro Solo area claims in preparation for a drilling program which is expected to start in February given drill rig availability.
Readers are cautioned that uranium assay results measured with a hand held Gamma ray spectrometer are only indicative of anomalous uranium content. Chemical assays are more reliable and should be used when evaluating rocks for the content of uranium.
SupportSave Solutions, Inc. (OTCBB: SSVE) Up 25.45% on Thursday
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January 03, 2008 - SupportSave Solutions, Inc. Reports 85% Increase in Consecutive Quarterly Total Revenue and Net Income
SupportSave Solutions, Inc. (OTCBB: SSVE, http://www.supportsave.com/), a provider of Business Process Outsourcing (BPO) services in the Philippines, reports its financial results for the quarter ended November 30, 2007. The Company was incorporated on May 2, 2007, and thus the results for the quarter ended November 30, 2007 are compared with the quarter ended August 31, 2007.
Highlights for the quarter-over-quarter results are as follows: Total revenue increased 85% to $211,305 for the three months ended November 30, 2007, as compared with $113,914 for the three months ended August 31, 2007. Operating income increased 82% to $52,809 for the three months ended November 30, 2007, as compared with $29,094 for the three months ended August 31, 2007. Net income increased 85% to $40,278 for the three months ended November 30, 2007, as compared with $21,819 for the three months ended August 31, 2007. Debt decreased 50% to $15,420 for the three months ended November 30, 2007, as compared with $30,990 for the three months ended August 31, 2007.
Christopher Johns, CEO of SupportSave, Commentary
"This has been a quarter of significant ramp up for us, and the numbers clearly support our business model of providing affordable BPO services to the relatively underserved small- to mid-size business market. In only three months, revenue and net income increased eighty-five percent, thereby significantly surpassing our projected growth of 10-20% month-over-month for the quarter.
The company's top-line growth reflects some important developments and business opportunities that occurred over the quarter. First, we expanded and extended our agreement with one of our leading clients. The thirty-six-month agreement includes BPO services for forty full-time equivalent employees with a potential value of $1 million. This contract marks the company's largest one to date and signifies yet another vote of confidence in our model and services. In addition to organic growth from our current client base, we also continue to broaden our client base.
We also relocated to an expanded facility that can accommodate over three hundred employees at a time, nearly three times the previous location's capacity. Market demand for BPO remains strong and growing, and we are prepared to respond to this climate by increasing the number of employees. This quarter alone, we increased our full-time employee count by about 72% and have a backlog of potential employees to select from.
We have also expanded our client portfolio geographically to include countries such as Singapore and Taiwan. Because our facility remains open twenty-four hours a day, seven days a week, global expansion helps maximize our efficiencies and enables us to optimize the amount of clients we can serve globally, around the clock.
Overall, we are extremely pleased with our financial performance this quarter and look forward to continued growth from both existing and new clients. We remain on track to achieve 10-20% month-over-month growth for at least the next two quarters, and we are pleased with our progress thus far."
Earth Biofuels, Inc. (OTCBB: EBOF) Up 34.88% on Thursday
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January 03, 2008 - Earth Biofuels Subsidiary Receives Renewable LNG Output from Landfill Project
Earth Biofuels, Inc. (OTCBB: EBOF) today announced that its subsidiary, Applied LNG Technologies, Inc. ("ALT"), has begun receiving regular deliveries of the output of renewable liquefied natural gas ("LNG") produced from a landfill site in Orange County, California.
Per the terms of a prior agreement, ALT has the first right to purchase one hundred percent of the nameplate capacity (5,000 gallons per day) production of the LNG facility which is owned by a wholly-owned subsidiary of Prometheus Energy Company at the Frank R. Bowerman Landfill. ALT markets the LNG to the Orange County Transportation Authority.
ALT's Vice President of Operations, Kevin Markey, said, "We are excited to incorporate renewable LNG from landfill gas into our growing California market. The demand for clean, transportation-grade LNG in California has never been higher."
Prometheus' Chief Operating Officer, Earl Franklin, added, "We are proud to have the first LNG production facility of its kind in operation and look forward to growing our relationship with ALT."
Solid waste landfills produce a 50% methane gas as a result of the decomposition of organic materials within the landfill. The Bowerman production facility is the first of its kind in the U.S. to commercially produce renewable vehicle-grade LNG from landfill gas.
Transportation grade LNG helps companies meet strict emission standards in the state of California. Vehicles fueled by the transportation grade LNG produce approximately one-sixth of the nitrous oxides (NOx) and up to 15 percent less greenhouse gases than comparable petroleum diesel fueled vehicles.
North American Technologies Group, Inc. (OTCBB: NAMC) Up 19.15% on Thursday
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January 03, 2008 - North American Technologies Group, Inc. Releases Annual Report
North American Technologies Group, Inc. (OTC Bulletin Board: NAMC), world leader in engineered composite railroad ties, released its 10-KBS report for its fiscal year ended September 30, 2007.
The report reflects substantial improvement in the Company's operating results. The Company's net sales increased by 199% to $21,661,240, a $10,801,051 increase from prior 12 month period. This 199% increase was due to increased sales and prices for the Company's products.
During 2007 the Company was awarded contracts from leading companies in the class one rail and transit market segments. Sale of ties to the Chicago Transit Authority for its Blue Line track restoration project, the Union Pacific Railroad Company and other contracts has led the company to focus on increasing production to meet additional sales demand.
The Company is focused on achieving certain lean manufacturing efficiencies while improving its cost and managerial structure. Recent initiatives include consolidation of production facilities, diversification of raw material sources, heightened focus on quality management and managerial adjustments to allow increased focus on the Company's key result areas.
Alex Rankin, NAMC's Chief Executive Officer said, "While the Company is continuing to absorb certain legacy and restructuring costs from initial commercialization, a core business is emerging which shows evidence of exceptional potential. Continued focus on production capacity, efficiencies and cost improvements will further our goal of world leadership in the high performance tie market. TieTek is committed to achieving customer preference where determinants for supplier selection include high costs of replacement, caustic environments, heavy loads, noise, environmental concerns and generally excessive life cycle costs. We are committed to delivery of exceptional value for our customers. Recent progress is encouraging."
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