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AM Oil Resources & Technology Inc. (OTCBB: AMOR) Trading at $0.82. Announced yesterday that the Company has adopted a strategy of pursuing air time and space on print and media outlets to increase awareness of its patented products and technologies for maximizing crude oil recovery. The Company is pursuing worldwide application for the use of its Portable Steam Generators in enhanced oil recovery efforts. The fully patented technology has been found to be highly effective in harvesting a greater amount of oil from marginally producing "stripper wells".
What They Do: AM Oil Resources & Technology makes portable steam generators that are designed to maximize oil production in oil fields, both domestically and internationally. This technology is able to recover crude oil that would otherwise remain in the ground forever. The Company believes that its unique approach of applying its proprietary technologies to non-producing oil wells, with known reserves, will earn the company a profitable niche in the petroleum industry. Targeting approximately 480,000 marginal wells in the United States, the Company is ideally positioned to provide an environmentally safe and cost-effective method of maximizing oil production.
How They Trade: AMOR has a 52 week high of $1.01 and a 52 week low of $0.56.
Sepracor (Nasdaq: SEPR) Announced yesterday its consolidated financial results for the fourth quarter and full-year ended December 31, 2008.
For the three months ended December 31, 2008, total revenues increased 8.7% to $369.7 million compared to revenues of $340.0 million during the same quarter in 2007. GAAP net income for the three months ended December 31, 2008 was $88.4 million, or $0.77 per diluted share, compared to a net loss of $5.0 million, or $(0.05) per diluted share, for the same quarter in 2007. Excluding an income tax benefit as a result of the release of a valuation allowance on our deferred tax assets, and certain other items detailed in the attached reconciliation of GAAP to non-GAAP measures, non-GAAP net income for the fourth quarter of 2008 was $105.2 million, or $0.92 per diluted share. These results compare with non-GAAP net income of $76.9 million, or $0.72 per diluted share, in the fourth quarter of 2007.
What They Do: Sepracor Inc. is a research-based pharmaceutical company dedicated to treating and preventing human disease by discovering, developing and commercializing innovative pharmaceutical products that are directed toward large and growing markets and unmet medical needs.
How They Trade: SEPR has a 52 week high of $30.00 and a 52 week low of $9.83.
Precision Petroleum (OTCBB: PPTO) Trading at $1.53. Announced yesterday that it has entered into a letter of intent with Nitro Petroleum Corporation to purchase 50% of a new venture in the Powder River Basin Project in southern Montana. With over 905,000 acres to choose from, and after due diligence, we have found an area that has yielded oil and gas production from relatively shallow depths. The initial project (Phase I) is scheduled to be started by late spring or early summer with the drilling of ten (10) possibly high potential exploratory wells consisting of 1600 acres.
What They Do: Precision Petroleum Corporation is an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in the United States.
How They Trade: PPTO has a 52 week high of $6.00 and a 52 week low of $0.99.
NeuroMetrix (Nasdaq: NURO) Trading at $1.77. Announced yesterday that it has acquired certain technological and intellectual property assets from Cyberkinetics Neurotechnology Systems, Inc. and Andara Life Science, Inc., a wholly-owned subsidiary of Cyberkinetics, for $350,000 in cash.
What They Do: NeuroMetrix is a science-based medical device company advancing patient care through the development and commercialization of innovative products that aid physicians in the assessment, treatment, and repair of peripheral nerve and spinal cord injuries and disorders, and that provide regional anesthesia and pain control.
How They Trade: NURO has a 52 week high of $11.25 and a 52 week low of $0.50.
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