Latest News for OmniTek Eng Stock (OTC:OMTK)

OmniTek Engineering Corp is a developer or manufacturer of patented hotwires spark plug wires. It develops and sells proprietary diesel-to-natural gas engine conversion systems and complementary products, including new natural gas engines that utilize the company's technology. Omnitek products are available for stationary applications in the transportation industry, which includes light commercial vehicles, minibuses, heavy-duty trucks, municipal buses, as well as rail and marine applications.

OMNITEK ENGINEERING CORP by Omnitek Engineering Corp.

OmniTek Engineering Corp

Below are highlights from Benzinga's daily coverage of small cap securities making big moves:

RF Industries

Shares of RF Industries (NASDAQ: <a class="ticker" href="/stock/rfil#NASDAQ">RFIL</a>), the San Diego, CA manufacturer of Radio Frequency connectors and cable assemblies, medical cabling products, RF wireless products and fiber optic cable products, rose 12% Tuesday on 15 times average volume.

RF Industries announced Tuesday, record quarterly sales and consolidated net income for the fourth quarter and fiscal year ended October 31, 2012. For the fourth quarter ended October 31, 2012, the company reported revenues of $10,529,000, an increase of $4,575,000, or 77%, as compared to $5,954,000 in the same quarter of fiscal 2011. Consolidated net income for the quarter was $1,158,000, or $0.17 per basic and $0.15 per diluted share, compared to a consolidated net loss of $50 thousand, or $0.01 net loss per basic and diluted share in the fourth quarter of 2011. 

RF Industries closed at $6.28 on Tuesday.

GSE Systems

Shares of GSE Systems (NYSE: <a class="ticker" href="/stock/gvp#NYSE">GVP</a>), the Sykesville, MD provider of simulation, training and engineering solutions to the energy and process industries, rose 21% Tuesday on 12 times average volume.

GSE Systems announced Tuesday that the New York Stock Exchange has notified the Company about significant and unusual trading activity in GSE's shares on January 22, 2013 and requested the Company to respond by press release to the unusual activity.

Ordinarily, it is GSE's policy not to comment on unusual market activity or market rumors; however the Company did confirm that it is not aware of any material corporate developments beyond its most recently issued news releases which could account for the recent unusual trading activity in its shares. 

GSE Systems closed at $2.55 on Tuesday.

Omnitek Engineering

Shares of Omnitek Engineering (OTC: <a class="ticker" href="/stock/omtk#OTC">OMTK</a>), the San Marcos, CA developer of proprietary diesel-to-natural gas conversion systems, rose 29% Tuesday on 4.5 times average volume.

Omnitek Engineering announced Thuesday, the U.S. Environmental Protection Agency (EPA) has approved the company's submission for its diesel-to-natural gas conversion technology for the widely operated line of heavy-duty Navistar DT466E and DT530E engines under specific and rigorous criteria related to the agency's Outside Useful Life definition.

Omnitek Engineering closed at $2.03 on Tuesday.

The information in this article is taken from public sources, press releases, and websites that cannot always be verified. Please note that investing in microcap stocks is highly speculative. The companies mentioned here are for information purposes only. Benzinga makes no claim as to the suitability of these stocks as an investment.

Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

Long Ideas

News

Short Ideas

Small Cap

After-Hours Center

Movers

Trading Ideas

OMTK

RFIL

 Benzinga's Small Cap Movers for Tuesday January 22, 2013

Below are highlights from Benzinga's daily coverage of small cap and microcap securities making big moves:

Monster Offers

Shares of Monster Offers (OTC: <a class="ticker" href="/stock/mont#OTC">MONT</a>), the Laguna Niguel, CA Daily Deal analytics provider and aggregator collecting daily deals from multiple sites in local communities across the U.S. and Canada, rose 42.50% Tuesday on 63 times average volume.

Monster Offers today announced that management has determined that the exchange ratio for the proposed merger with Ad Shark, Inc., a privately held California corporation, will be 4.38:1. Under the terms of this transaction each 4.38 shares of Ad Shark would be converted into the right to receive one (1) share of Monster Offers. As previously reported, the pending merger remains on track for completion.

Monster Offers closed at $2.85 on Tuesday.

Omnitek Engineering

Shares of Omnitek Engineering (OTC: <a class="ticker" href="/stock/omtk#OTC">OMTK</a>), the San Marcos, CA developer of new natural gas engines, as well as a proprietary technology to convert any diesel engines to a natural gas engine, rose 21.50% Tuesday on 3 times average volume.

Omnitek released their 10-Q on Monday. Revenues increased to $562,367 for the three months ended September 30, 2012 from $317,160 for the three months ended September 30, 2011, an increase of $245,207 or 77%. The company expects sales for the remainder of 2012 to be on a par with or somewhat higher than 2011 while they complete additions to their product offerings.

During the nine months ended September 30, 2012, the company received proceeds of $5,536,762 of cash from a private placement offering and $40,000 from the borrowing of funds. The company repaid the $40,000 during the nine months ended September 30, 2012.

Omnitek Engineering closed at $1.30 on Tuesday.

Car Charging Group

Shares of Car Charging Group (OTC: <a class="ticker" href="/stock/ccgi#OTC">CCGI</a>), the Miami Beach, FL provider of nationwide public EV charging services, rose 8.64% Tuesday on almost 4 times average volume.

Car Charging Group now provides EV charging services at Fairmont Plaza in San Jose, CA. Car Charging's EV charging services are now available in the parking garage of the office building located at 50 San Fernando Street in San Jose.

Car Charging Group closed at $1.76 on Tuesday.

The information in this article is taken from public sources, press releases, and websites that cannot always be verified. Please note that investing in microcap stocks is highly speculative. The companies mentioned here are for information purposes only. Benzinga makes no claim as to the suitability of these stocks as an investment.

Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Latest News for OmniTek Eng Stock (OTC:OMTK)

Tuesday, January 22, 2013

Tuesday, November 06, 2012