8-31-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Stephen Bernard, AP Business Writer

Stocks rise on surprise jump in consumer strength

Stocks rally to end weak August after unexpected climb in consumer confidence

NEW YORK (AP) — A surprise jump in consumer confidence gave stocks a modest lift, but gains were kept in check as investors remain cautious about the strength of the economy.

A report showed confidence climbed more than expected in August. That gave traders a reprieve from a string of reports throughout the month that indicated economic growth continues to slow. A report earlier Tuesday indicated manufacturing activity slowed in the Midwest in August.

“Market pessimism in the very near-term has hit a nadir,” said John Brady, a senior vice president at MF Global. The small rise in confidence took the edge off the downbeat mood, Brady said. However, he cautioned any gains might be short lived because traders are hesitant to make any big moves before Friday’s key monthly employment report. The unemployment rate likely inched higher in August as employers avoid major hiring.

The Dow Jones industrial average rose nearly 30 points in late morning trading after being down as much as 68 earlier in the day. Broader indexes also rose, reversing earlier declines.

Yesterday’s Top Performing Small Cap Stock:

Tootie Pie Company TOOT

Tootie Pie Company was a SmallCapVoice.com top performer closing up over 20% on trading volume of 28,400 shares.

Tootie Pie Gains Equity Stake

Aug. 31, 2010 (Business Wire) — Tootie Pie Company, Inc. TOOT announced that Dawson Holdings, LP has taken a 15% equity stake in the Tootie Pie Company.

“This transaction is significant on many fronts,” said Don Merrill, President & CEO. “Not only are we getting the critical financing that we need at an important time in the life of the Company, but we are gaining the support of an outstanding group, known for their brand building and sales expertise.”

Today’s SmallCapVoice.com Hot Stock to Watch:

Kore Nutrition, Inc. KORE

Cohen Independent Research Group Initiates Coverage of KORE Nutrition Inc. with a Cohen Price Target of $10.50

HENDERSON, NV – Kore Nutrition Incorporated (“Kore” or the “Company”) KORE and the Company’s wholly owned subsidiary, Go All In, Inc. (“ALL IN”), are pleased to announce that Cohen Independent Research Group, Inc. (“Cohen”) has initiated coverage of the Company with an initial Cohen Price Target of $10.50.

The Cohen Price Target is derived using a combination of four academic and market-based valuation approaches (one of which is the discounted cash flow valuation) that are equally weighted (25%) components used in calculating the Cohen Target Price.

Other Small Cap News

Gulfstream International Group Inc. (NYSE Amex: GIA)

Gulfstream International finds investor

Gulfstream International Group said it has received a commitment for an investment of up to $2.5 million from Sah-Vul Strategic Partners.

The Fort Lauderdale-based regional air carrier GIA said in a news release that the commitment includes an initial $1.5 million in the form of a secured convertible note, and provides an option for Sah-Vul to invest an additional $1 million. Gulfstream will use the money to expand service.

Cumberland Pharmaceuticals Inc. CPIX

Pre and Post-Operative Use of Caldolor® (Ibuprofen) Injection Significantly Reduces Pain and Opioid Use in Newly Published Study

NASHVILLE, Tenn., Aug. 30 /PRNewswire-FirstCall/ — Cumberland Pharmaceuticals Inc. CPIX today announced the publication of new data supporting the safety and efficacy of Caldolor® (ibuprofen) Injection in pre and post-operative orthopedic surgery patients. The study, which was published in the August edition of the peer-reviewed journal Pain Medicine, concludes that IV ibuprofen significantly decreased pain and morphine use when compared with placebo.

Gran Tierra Energy Inc. (NYSE Amex: GTE)

Gran Tierra Energy Establishes Initial Exploration & Production Position in Brazil

CALGARY, Aug. 30 /PRNewswire-FirstCall/ – Gran Tierra Energy Inc. (“Gran Tierra Energy”) (NYSE Amex: GTE, TSX: GTE), a company focused on oil and gas exploration and production in South America, today announced that it has finalized an agreement with Alvorada Petroleo S.A. (“Alvorada”) whereby Gran Tierra Energy will pay US$22.6 million and fulfill certain commitments, including in part, the drilling of 2 wells in 2011, to receive a 70% working interest in Blocks REC-T-129, -142, -155 and -224 in the on-shore Reconcavo Basin, Brazil. The transaction is subject to Gran Tierra Energy obtaining the customary regulatory approval from Brazil’s Agencia Nacional de Petroleo Gas Natural e Biocombustiveis (“ANP”).

Aurizon Mines Ltd. (NYSE Amex: AZK)

Aurizon Intersects 42.1 Grams of Gold Per Tonne Over 21.5 Metres Along the 123 Zone at the Casa Berardi Mine

VANCOUVER, Aug. 30 /PRNewswire-FirstCall/ – Aurizon Mines Ltd. AZK is pleased to report further results from the current drilling along the exploration drift on the 810 metre level at its Casa Berardi Mine in north-western Quebec.

Part of the current exploration program is focused along the 123 Zone, which is located approximately 1.0 kilometre east of the West Mine shaft. As at December 31, 2009 the 123 Zone contained inferred mineral resources of 714,000 tonnes at 9.4 grams of gold per tonne for 216,000 ounces using a cut-off grade of 4 grams of gold per tonne. Since February 2010, a total of twenty four (24) holes have been drilled from the 810 and 280 metre levels at an average spacing of 50 to 75 metres with the objective of extending the known mineralization.

Globecomm Systems Inc. GCOM

Globecomm Awarded $4.3 Million Infrastructure Contract from a Major Media & Entertainment Company

HAUPPAUGE, N.Y.–(BUSINESS WIRE)–Globecomm Systems Inc. GCOM, a leading global provider of satellite-based communications infrastructure solutions and services, today announced that the Company has received a contract from a major media & entertainment company valued at $4.3 million.

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