Stocks to Watch: VIASPACE Inc. (OTCBB: VSPC), MedQuist Inc. (Pinksheets: MEDQ), The Cato Corporation (NYSE: CTR), TAG Oil Ltd (OTC BB:TAGOF) , Stein Mart, Inc (NasdaqGS: SMRT)
Featured Stock: VIASPACE Inc.
(OTCBB: VSPC)
Current Price (0.03)
VIASPACE Energy Presents at Long Beach Fuel Cell Conference
PASADENA, Calif., May 22 -- VIASPACE Inc. (OTC Bulletin Board: VSPC - News), announced today that Mr. Nate Hurvitz, Engineering and Operations Director for VIASPACE Energy, presented an invited paper at the Fuel Cell 2008 Conference held in Long Beach, CA today. The conference brought together company executives, government officials and policy makers, scientists and engineers, and academicians from around the United States to discuss the utilization and commercialization of fuel cells.
Mr. Hurvitz's presentation focused on VIASPACE Energy's new HS-1000 VIASENSOR, a state of the art, laser-based humidity detection instrument used to measure the dew point of Hydrogen based fuel cells and in fuel cell test stations. The performance of hydrogen fuel cells using a Polymer Electrolyte Membrane (PEM) depends on the moisture level of the membrane. The membrane only conducts protons when it is hydrated or moist. The moisture is provided by water vapor in the incoming air or hydrogen stream. The VIASENSOR HS-1000 provides real-time measurements of the amount of water vapor in these gas streams. It is the only humidity sensor that provides in-situ, continuous and fast-responding dew point measurement. With its laser-based design, the VIASENSOR HS-1000 takes data measurements every second, does not require specialized installation and is of no danger or harm to the fuel cell.
Dr. Kukkonen, CEO of VIASPACE, commented, "The VIASENSOR HS-1000 solves the key challenges of accurately measuring the fuel cell humidity levels in both high temperature and high humidity environments. It is designed to provide convenient and automatic data collection by computer via serial port or USB adapter. We believe this new product will help our customers optimize their hydrogen fuel cell designs. We have demonstrated this new product to major automobile manufacturers and to major fuel cell manufacturing companies such as Ballard with extremely favorable feedback."
About VIASPACE: Originally founded in 1998 with the objective of transforming proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions that solve today's complex problems, VIASPACE benefits from important patent and software licenses from Caltech, which manages NASA's Jet Propulsion Laboratory. For more information, please visit our website at http://http://www.viaspace.com/, or contact for Investor Relations, Dr. Jan Vandersande, Director of Communications at 800-517-8050, or http://mailto:IR@viaspace.com/.
This news release includes forward-looking statements. These forward- looking statements relate to future events or our future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Such factors include the risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-KSB, for the fiscal year ended December 31, 2007, as well as general economic and business conditions, the ability to acquire and develop specific projects and technologies, the ability to fund operations, changes in consumer and business consumption habits, and other factors over which VIASPACE has little or no control.
Source: VIASPACE Inc.
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MedQuist Inc.
(Pinksheets: MEDQ)
Current Price (8.85)
www.WallStreetStockReview.com
MOUNT LAUREL, N.J., May 22 -- MedQuist Inc. (Pink Sheets: MEDQ - News) today announced that earlier today Koninklijke Philips Electronics N.V. (Philips), MedQuist's majority shareholder, announced that it has reached an agreement to sell its approximately 69.5% ownership interest in MedQuist to CBaySystems Holdings Ltd., a publicly traded, AIM listed holding company with a portfolio of investments in medical transcription, healthcare technology, and healthcare financial services, for $11.00 per share. MedQuist is the largest Medical Transcription Service Organization (MTSO) in the world, and a leader in technology-enabled clinical documentation workflow. MedQuist's enterprise solutions -- including mobile voice capture devices, speech recognition, Web-based workflow platforms, and global network of medical editors -- help healthcare facilities improve patient care, increase physician satisfaction, and lower operational costs. For more information, please visit http://www.medquist.com/.
The Cato Corporation
(NYSE: CTR)
Current Price (15.35)
CHARLOTTE, N.C., May 23 -- The Cato Corporation (NYSE: CTR - News) held its Annual Shareholders' Meeting on Thursday, May 22, 2008 at its corporate offices in Charlotte, NC.John Cato, Chairman, President, and Chief Executive Officer, highlighted the Company's 2007 performance in an address to shareholders. Mr. Cato commented on the challenging economic environment the Company faced during the year, resulting in a decrease in net income and earnings per share. He also noted, however, that Cato remained profitable and that shareholders received a 10% increase in their dividend in 2007. The Company further increased shareholder value by repurchasing over 3 million shares last year. The Cato Corporation is a leading specialty retailer of value-priced women's fashion apparel operating two divisions, "Cato" and "It's Fashion". The Company offers exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices, everyday. As of May 3, 2008, the Company operated 1,326 stores in 32 states, compared to 1,286 stores in 31 states as of May 5, 2007. Additional information on The Cato Corporation is available at www.catocorp.com .
TAG Oil Ltd
(OTC BB:TAGOF)
Current Price (0.16)
VANCOUVER, May 23 - TAG Oil Ltd. (TSX-V: TAO and OTCBB: TAGOF) announces that the Company has been advised by Mr. Alex Guidi, that he has purchased an additional 3,822,000 common shares of TAG Oil Ltd. in the open market.As a result, Mr. Guidi now owns 15,744,500 common shares of TAG Oil Ltd. representing 17.18% of the current issued and outstanding shares. Mr. Guidi has also advised the Company that these additional shares were acquired for investment purposes. TAG Oil Ltd. is an independent Canadian oil and gas exploration and production company with international operations in the Taranaki and East Coast Basins of New Zealand.In addition, TAG's primary asset, a 30.5% interest in the Cheal oil field, is currently producing at approximately 400 barrels of oil per day gross (TAG net: 122 barrels) as a result of Cheal B production being temporarily shut-down as part of the planned final construction process of the permanent B site facilities. This construction is anticipated to be completed by mid to late December and is expected to increase Cheal production to approximately 700 barrels of oil per day gross (TAG net: 214 barrels) as well as significantly reducing production costs at the Cheal B site. In addition the Cheal A4 well, one of the field's better producers, is currently producing at a reduced daily rate of approximately 140 barrels of oil per day as a result of a casing leakage that has occurred in the well. The joint venture is presently taking steps to resolve this operational issue and is considering a possible workover with a goal to return the well to full production capability of approximately 250 barrels of oil per day.
Stein Mart, Inc
(NasdaqGS: SMRT)
Current Price (5.28)
JACKSONVILLE, Fla., May 22 -- Stein Mart, Inc. (Nasdaq: SMRT - News) today announced financial results for its first quarter ended May 3, 2008.For the first quarter of 2008, the Company earned $7.0 million or $0.17 per diluted share as compared to net income of $8.1 million or $0.18 per diluted share in 2007. As previously reported, net sales for the first quarter decreased 6.4 percent to $352.1 million from $376.1 million the previous year and comparable store sales decreased 9.3 percent from the first quarter of 2007. Stein Mart stores offer the fashion merchandise, service and presentation of a better department or specialty store, at prices competitive with off- price retail chains. Currently with locations from California to Massachusetts, Stein Mart's focused assortment of merchandise features moderate to better fashion apparel for women and men, as well as accessories, gifts, linens and shoes.
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