Austin, TX 8/16/2008 12:37:19 AM
News / Business

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

SmallCapVoice.com, Inc., a recognized corporate consulting firm known for its ability to help emerging growth companies build a following among retail and institutional investors, provides the following market commentary and small cap stock highlights:

 

Stocks Are Higher As Oil Falls

 

Wall Street rose moderately Friday as the price of oil extended its decline, falling below $112 a barrel and helping to offset a disappointing report on consumer sentiment.

 

In late morning trading, the Dow Jones industrial average rose 60.66, or 0.52 percent, to 11,676.59.

The Standard & Poor's 500 index rose 5.92, or 0.46 percent, to 1,298.85, while the Nasdaq composite index rose 8.06, or 0.33 percent, to 2,461.73.

Light, sweet crude dropped $3.55 to $111.46 a barrel on the New York Mercantile Exchange.

Bonds rose modestly. The yield on the benchmark 10-year Treasury note, which moves opposite its price, slid to 3.85 percent from 3.90 percent late Thursday.

The dollar rose against other major currencies.

Gold prices sank below $800 an ounce on the Nymex.

Thursday’s Top Performing SmallCapVoice.com stocks:

Capital City Energy Group, Inc. (OTC BB: CETG) was a SmallCapVoice.com top performer for 8/14/08 moving up over 17% on trading volume of 19,700 shares.

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

China Wind Systems, Inc. (OTC BB: CWSI) is today’s hot stock to watch.

 

China Wind Systems, Inc., supplies forged rolled rings to the wind power and other industries and industrial equipment to the textile and energy industries in China. With its newly finished state-of-the-art production facility, the Company plans to use the additional capacity to significantly increase its shipment of high-precision rolled rings and other essential components to the wind power and other industries. The Company today announced its financial results for the second quarter ended June 30, 2008.

 

    Second Quarter 2008 Highlights and Recent Events

    -- Net revenues increased 150.7% year-over-year to $11.2 million

    -- Gross profit increased 108.6% year-over-year to $2.8 million

    -- Net income increased to $1.4 million, or $0.02 per diluted share

    -- Revenue from the forging of rolled rings for the wind power and other

       industries grew to $4.1 million.  During the comparable quarter of 2007,

       the company was in the start-up phase of this business, generating

       revenue of $0.03 million.

    -- Improved corporate governance with the addition of two independent

       directors

    -- The Company was added to First Trust Global ISE Wind Energy Index Fund

       "FAN"

    -- Began installation of equipment for its phase one expansion

 

"We are very pleased with the exceptional growth reflected in our second quarter results, particularly the increase in our wind-related revenue as we execute on our long-term strategy to seek to become a leading component supplier to the wind power industry in China. Net revenue generated from the forging of rolled rings for the wind power and other industries accounted for $4.1 million, or 36.5% of net revenues, during the quarter. In the first half of the year, revenue from the sale of forged rolled rings to the wind power industry accounted for $2.6 million, whereas one year ago we were in the start-up phase of this business," said Mr. Jianhua Wu, chairman and CEO of China Wind Systems. "Our new manufacturing facility is scheduled to come online in October 2008, and will allow us to manufacture essential wind-power components internally, including larger forged rolled rings, gear rims, flanges and shafts."

 

 

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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.

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512-267-2430

ssmith@smallcapvoice.com
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