Wall Street News Alert: Stock Alert: HearAtLast Holdings -- November 19, 2009
Weston, FLA, Nov 19, 2009 (M2 PRESSWIRE via COMTEX) --
Companies: Americas Energy Co (AENY), Health Sciences Group Inc. (HESG), Hear AtLast Holdings Inc (HRAL), Solar Energy Initiative Inc (SNRY)
Wall Street News Alert's "stocks to watch" this morning are: HearAtLast Holdings, Inc. (OTC: HRAL), Health Sciences Group, Inc. (OTC: HESG), Americas Energy Company (OTCBB: AENY) and Solar Energy Initiatives, Inc. (OTCBB: SNRY).
Yesterday after the markets closed, HearAtLast Holdings, Inc. (OTC: HRAL) issued a press release announcing that that Harbinger Research has issued an Investment Report on the Company. HearAtLast is a leading provider of suitable affordable solutions to clients with hearing needs in the billion dollar hearing loss market.
The research report provides a summary of the Company as an investment opportunity and overview of its business, its sales and marketing strategy and a discussion of the company's industry. It also includes the Company's projections of future results. To read the report please visit: http://www.harbingerresearch.com/link/13/237/HRAL
Earlier this month, the Company has posted its amended earnings report on pinksheets.com. The posted earnings reflect the fiscal second quarter period covering 04/01/2009 - 06/30/2009. The Company recorded gross profits of USD $382,463 for Q2 of FY2009, a 19% increase compared to Q2 FY2008 gross profits of US $320,564. Operating expenses for the same period Q2 of FY2009 decreased 53% to US $738,403 compared to Q2 FY2008 of US $2,051,150. HearAtLast also reduced their debt ratio. The debt ratio is the proportion of a firm's total assets that are being financed with borrowed funds.
"We are very pleased with the direction of our company. We expect gross profits from all stores to continue to increase while operating expenses and debt ratio decline due to aggressive restructuring and reduced overheads. Despite the reduction in overhead, clinic performance has been enhanced as the companies' clinic base has entered year two of their operations. We still maintain our focus on becoming Canada's largest network of hearing stores," stated Matthew Sacco, President and CEO.
The stock closed yesterday at Five cents a share.
For an in-depth profile of HearAtLast, visit http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=HRAL_111709.
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Health Sciences Group, Inc. (OTC: HESG) up 83.3% on 1.9 billion shares traded.
On Nov 18, 2009 Health Sciences Group, Inc. recently announced that as of 11-14-2009 the company has acquired approximately 1.5 billion shares and has issued instruction to the company's transfer agent to retire them. The company is prepared to continue retirement of additional shares as conditions permit. It is expected that in the next few days our transfer agent will receive the certificate(s) and complete the retirement.
We would appreciate any shareholders opinion at info@igohealthy.org
ABOUT HEALTH SCIENCES GROUP, INC.: Health Sciences Group, Inc. is a provider of health and wellness services to consumers, physicians and other healthcare professionals through its website www.igohealthy.org and health focused publications. The Health Sciences network consists of its public website www.igohealthy.org and iGoHealthy Magazine. The Company operates in three segments: Online Services, Publishing and Other Services. The Company is recently exploring options of corporate growth within the Legal Medical Marijuana Industry.
Americas Energy Company (OTCBB: AENY) up 33.1% on 3.1 million shares traded.
On Nov 17, 2009 Americas Energy Company recently announced that AECo has sold the initial mine production from its Upland Church Surface Mine. AECo is in the process of being acquired by AENY. The mine is located in Bell County, Kentucky on AECo's 1,732+ acre lease. AECo plans to produce 15,000 short tons of high-grade specialty coal per month from the Upland Church property.
"The sale of this production from our first mine property to Alden Resources, LLC in Corbin, Kentucky moves us to a new level as a company. We are moving on the acquisition of additional major coal reserves in southeastern Kentucky. Mr. John Gargis, our Executive Vice President, is overseeing the production from our first mine and the acquisition of the additional reserves," said Chris Headrick, President and Co-CEO of Americas Energy Company - Tennessee. Mr. Headrick added, "Based on the marketing success of the coal from our first mine, we have established an aggressive acquisition plan to insure AECo's production capabilities for the foreseeable future."
About Americas Energy Company: We are a consolidator of high quality energy properties, operating out of our main offices in Knoxville, TN. We currently operate projects in both Kentucky and Tennessee. AECo invests in energy projects throughout the Americas. We are currently evaluating several additional coal projects, as well as an oil and gas rework project in Southeastern Kentucky.
Integrated Environmental Technologies, Ltd. (OTCBB: IEVM) up 17.6% on 1 million shares traded. On Nov 18, 2009 Integrated Environmental Technologies, Ltd. recently announced that Benchmark Performance Group, Inc., its exclusive worldwide distributor serving the oil and gas industry, has completed the expansion of its Excelyte(R) manufacturing plant at its Midland, Texas facility. This expansion has significantly increased capacity over its original plant capabilities.
Benchmark markets IEVM's EcaFlo(R) Anolyte under the registered trade name, Excelyte(R). EcaFlo(R) Anolyte received its EPA product registration on August 18, 2008 and is the only environmentally responsible biocide of its kind. Excelyte(R) has seen a significant increase in market demand; therefore, a number of other Excelyte(R) expansions are planned for Benchmark's seven (7) other manufacturing facilities throughout the United States.
Wayne Kinsey, President and CEO of Benchmark, stated, "Recently, we've seen a significant, growing demand for Excelyte(R). While this growth started for us in the oil and gas industry, we've seen a number of new applications for Excelyte(R) that include the hospital and medical industries, professional sports, schools and universities, and grocery store chains." Excelyte(R) has been proven effective against scores of bacterial and viral pathogens, i.e. H1N1 ("swine flu"), methicillin-resistant staphylococcus aureus ("MRSA"), E. coli and Salmonella.
BENCHMARK: Benchmark Performance Group, Inc. (BEP) is the largest stockholder in IEVM and is a privately-held corporation that is a leading manufacturer and supplier of specialty chemicals, compounds and additives developed for industrial and oilfield applications, including, but not limited to, patented technology such as Excelyte(R) as well as proprietary cross-linkers, polymers, polymer slurries and other fluid additives used in oil and gas well cementing, stimulation and production fluids.
Solar Energy Initiatives, Inc. (OTCBB: SNRY) up 16% on 623,000 shares traded.
On Nov 18, 2009 Solar Energy Initiatives, Inc. recently announced it's executing on a grass roots campaign, "RENEW THE NATION", to help redeploy a portion of the U.S. work force and focus on reducing the world's dependence on fossil fuels by selling solar thermal and photovoltaic (PV) technologies, today announced a Financing and Joint Marketing Agreement with a Municipal financial services company located in the Western U.S.
The agreement states that the financial services institution will exclusively market Solar Energy Initiatives solar solutions to over 100,000 municipalities. Additionally, the financial institution will have the ability to provide project based financing for any contract that it brings to SNRY. SNRY receives revenues not only from the sale of the solar equipment and balance of system but also from the energy sold to the municipality, recognizing energy sales over a 20--25 year contract period.
"Solar Energy Initiatives is very pleased to have secured a prominent partner in our efforts to RENEW THE NATION and provide solar energy to municipalities throughout the United States," stated David Fann, Chief Executive Officer of Solar Energy Initiatives. "Being granted exclusive access to a vast amount of potential new projects represents a significant opportunity to our already strong project pipeline. Management is confident that our low cost, high return solar energy solutions coupled with the potential 100,000 additional projects will result in a significant increase of new contract awards in 2010."
Greg Bakeman, President and Chief Financial Officer stated, "The potential to secure such a vast amount of new and profitable municipal contracts is a momentous opportunity for the company. SNRY believes that its proven ability to secure similar contracts in the past will allow us to capitalize on this potentially paradigm shifting venture. The Company looks forward to showcasing the benefits of its energy solutions and believes this agreement is a significant step towards increased revenue, expanded market presence and increased shareholder value in the near future."
About Solar Energy Initiatives, Inc.: Solar Energy Initiatives, Inc. (www.SolarEnergy.com) is executing its "RENEW THE NATION" campaign, intended to promote job growth nationwide via an aggressive grass roots effort. The main focus of RENEW THE NATION will be working with companies in the construction industry and related trades affected by the economic downturn to re-train and re-deploy their workforce into solar dealers, allowing this important national asset to meet the needs of the Solar Energy industry, the fastest growing industry in the world.
Market Commentary: The Commerce Department said construction of homes and apartments fell 10.6 percent in October to an annual rate of 529,000, well below the pace of 600,000 that economists polled by Thomson Reuters expected.
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This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. WSCF has not been compensated for current services performed for HearAtLast Holdings, Inc. (OTC: HRAL). However, WSCF may receive compensation for future services. WSCF was previously compensated for services rendered in 2008 & 2007. Any additional compensation will be disclosed at such time that WSCF is aware of a clients desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.
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Companies: Americas Energy Co (AENY), Health Sciences Group Inc. (HESG), Hear AtLast Holdings Inc (HRAL), Solar Energy Initiative Inc (SNRY)
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