3-22-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Stocks are lower as investors worry about Greece’s ability to repay debt and the potential consequences for the global economic recovery
Reaction to the U.S. government’s passage of sweeping health care reform over the weekend will also be closely watched. The reform could have a far-reaching impact ranging from health insurers and drug makers to companies that provide employees with health benefits.
The bill will now be sent to President Barack Obama to be approved in the coming days.
The sweeping reform will create near-universal medical coverage, extending benefits to 32 million uninsured Americans. However, many of the key points of the bill will not go into effect for several years.
Overseas markets are falling because of concerns that Greece might not get the outside financial support it needs to help control its debt problems. India’s surprising decision to raise a key interest rate to fight inflation is also dragging down global markets.
The decline Monday follows a drop Friday after the Greek debt worries returned to the forefront. Greece’s debt problems have dragged down the market off and on for nearly two months as the country tries to cut its budget and is looking for outside support.
Investors are worried that Greece and other European nations that use the euro, like Spain and Portugal, could struggle to recover as they try to pay down steep debt. That could upend a global economic recovery.
In early morning trading, the Dow Jones industrial average fell 28.41, or 0.3 percent, to 10,713.57. The Standard & Poor’s 500 index dropped 5.49, or 0.5 percent, to 1,154.41, while the Nasdaq composite index fell 10.07, or 0.4 percent, at 2,364.34.
Yesterday’s Top Performing Small Cap Stock:
Attitude Drink Company, Inc. (OTCBB: ATTD)
Attitude Drinks, Incorporated was a SmallCapVoice.com top performer yesterday closing up over 14% on trading volume of 6,527,200 shares.
Attitude Drinks Incorporated is an innovative beverage, brand development and marketing company with a focus on delivering experiential, functional and healthful beverages. Attitude’s competitive advantage lies not only in its innovation but in its experienced and highly professional team who provide expertise in beverage innovation, market/trade introduction, product implementation, and marketing initiatives.
Along with strategic partnerships and strong market positioning, Attitude is committed to identifying new space and opportunity in an ever evolving energy drink market. The result? Distinguished brands with unmistakable brand quality.
Today’s SmallCapVoice.com Hot Stock to Watch:
Extensions, Inc. (Pink Sheets: EXTI)
Newswire.Net to Launch Channel Partnership Initiative — Google Now Indexing Newswire.Net News Articles
HOUSTON, March 22, 2010 (GLOBE NEWSWIRE) — Newswire.Net, a subsidiary of Extensions, Inc. (Pink Sheets:EXTI) announced today that it will launch its channel partnership initiative. Accepted channel partners will be given access to develop local newswire news affiliate stations as well as keyword specific sub newswire.net domains.
Newswire.net and Morgan James to Launch Book Publishing Initiative
HOUSTON, March 22, 2010 (GLOBE NEWSWIRE) — Newswire.net, a subsidiary of Extensions, Inc. (Pink Sheets:EXTI), announced today that it has launched its book publishing initiative (Newswire Publishing) with Morgan James Publishing.
SmallCapVoice Clients’ News
Freshwater Technologies, Inc. (OTCBB: FWTC)
Freshwater’s FW Activator Sales Breakthrough in Costa Rica
Mar. 19, 2010 (Business Wire) — Freshwater Technologies Inc. (OTCBB:FWTC) is pleased to announce a major sales breakthrough in Costa Rica with installations proceeding in two major business locations. As a result of our distributor’s relationship with an Electrical /Mechanical service company, Freshwater has an air conditioning test program underway with Costa Rica’s telecommunication services company. The company is investigating air conditioning options for a number of their building locations. If successful, the test program may open up opportunities for a number of FW water activation units installed in conjunction with air conditioning equipment for the different locations.
Other Small Cap News
Vical Incorporated (Nasdaq: VICL)
Vical Secures Funding to Proceed With Phase 1 Trial of H1N1 Pandemic Influenza Vaccine
Vical Incorporated (Nasdaq:VICL) announced today that the U.S. Navy, through the Henry M. Jackson Foundation for the Advancement of Military Medicine, Inc., has awarded Vical a contract to conduct a Phase 1 clinical trial of the company’s Vaxfectin(R)-formulated DNA vaccine against A/H1N1 pandemic influenza (swine flu). Vical had previously been awarded a contract by the U.S. Navy, in collaboration with the Transformational Medical Technologies Initiative (TMTI) of the Department of Defense (DoD), to support large-scale cGMP vaccine manufacturing and related clinical and regulatory preparations for the trial, bringing total U.S. government funding for this project to approximately $2 million.
BioDelivery Sciences International, Inc. (Nasdaq: BDSI)
BioDelivery Sciences Announces Positive Pre-IND Meeting on BEMA Granisetron Development Program
FDA Accepts Proposal for NDA Based on Clinical Pharmacokinetic Data
BioDelivery Sciences International, Inc. (Nasdaq:BDSI) announced the positive outcome of a meeting with the FDA on the development program for BEMA Granisetron, the company’s potential treatment for the prevention of nausea and vomiting associated with cancer therapy. FDA concurred with BDSI’s plans to pursue a development program based on clinical pharmacokinetic data for a 505(b)(2) New Drug Application (NDA). If the development program proceeds as anticipated, a BEMA Granisetron NDA could be submitted to the FDA by the end of next year and without the need for clinical efficacy studies.
Dejour Enterprises Ltd. (NYSE Amex: DEJ)
Dejour Oil Discovery Tests Over 500 Barrels of Oil per Day
Company Anticipates Positive Operating Cash Flow from Woodrush
Dejour Enterprises Ltd. (NYSE-AMEX: DEJ / TSX: DEJ) today releases the results of a 24 hour production test of the new oil discovery at its 75% owned Woodrush project in the Peace River Arch, NE British Columbia that was announced last week.
Digital Angel (Nasdaq: DIGA)
Digital Angel’s Destron Fearing Unit Awarded up to $2.0 Million in New Orders for Fish Monitoring RFID Tags
Digital Angel (NASDAQ: DIGA), an advanced technology company in the field of animal identification and emergency identification solutions, announced today that its Destron Fearing unit has been awarded new orders for Passive Integrated Transponder (PIT) fish-monitoring RFID tags from the U.S. Army Corps of Engineers. The value of the new orders is expected to be in the range of $1.5 to $2.0 million over the next year. The Company expects to begin shipping product under the new orders within two weeks.
Aurizon Mines Ltd. (NYSE Amex: AZK)
Aurizon reports record earnings, revenues, and cash flow in 2009
“Aurizon had an extremely successful year” said David Hall, President and Chief Executive Officer. “We exceeded our production targets, generated record revenues, cash flow and earnings, and increased our financial strength by building our cash balances and repaying our project debt. In addition we increased mineral reserves, completed a positive pre-feasibility study for Joanna and had success with our exploration programs. We are well positioned to implement our internal and external growth plans.”
Bovie Medical Corp. (NYSE Amex: BVX)
Bovie Medical gets FDA OK for surgical device
Bovie Medical gets FDA clearance for sale of Boss device, aimed at orthopedic surgery
Medical device maker Bovie Medical Corp. said Friday the Food and Drug Administration cleared sales of its Boss surgical product.
The FDA cleared the Boss bipolar sintered steel coagulation device, which cuts down on blood loss during surgery. It will be marketed primarily to orthopedic surgeons performing hip and knee surgery.
Great Wolf Resorts, Inc. (Nasdaq: WOLF)
Great Wolf Resorts Announces Proposed First Mortgage Notes Offering
Great Wolf Resorts, Inc. (NASDAQ: WOLF), North America’s leading family of indoor waterpark resorts, today announced that it intends to offer first mortgage notes in the amount of $225 million due 2017, subject to market conditions.
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.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith CEO
512-267-2430
ssmith@smallcapvoice.com
http://www.smallcapvoice.com
Related posts
The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
