StockProfiler.US: Stocks on the Radar: CJGH, WTWO, SWPC, RTEC
New York, NY, Jul 09, 2008 (M2 PRESSWIRE via COMTEX) -- China Jiangsu Golden Horse Steel Ball, Inc. (PINKSHEETS: CJGH) (FRANKFURT: 4J3); W2 Energy (PINKSHEETS: WTWO); SolarBrook Water and Power Corporation (PINKSHEETS: SWPC); Rudolph Technologies, Inc. (NASDAQ: RTEC)
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China Jiangsu Golden Horse Steel Ball, Inc. (PINKSHEETS: CJGH) (FRANKFURT: 4J3) closed at $0.045 Tuesday, trading 1,461,490 shares.
Company News- July 9, 2008: China Jiangsu Golden Horse Steel Attending 2008 China International Bearing Industry Exhibition
China Jiangsu Golden Horse Steel Ball, Inc. ("Golden Horse" or "the Company") (PINKSHEETS: CJGH) (FRANKFURT: 4J3), a leading Chinese manufacturer and supplier of ball bearings, announced earlier today that the company will be attending the three-day China International Bearing Industry Exhibition (September 23 - 26, 2008).
Since 1990, the China International Bearing Industry Exhibition (http://www.bearingfair.cn) has become one of the pivotal industry events in the world. Now in 2008, the China International Bearing Industry Exhibition is the largest exhibition for bearings anywhere, boasting over 32,000 sq. meters with an estimated 600 global exhibitors and approximately 80,000 visitors attending.
Management believes this exhibition will provide an excellent opportunity for the company to meet with industry leaders and operators to showcase their products and services. It has become much more than just a large exhibition, it is the main stage for the buying and selling products and services, the exchange of technology, the sharing of ideas, and industry networking.
About Golden Horse Steel Ball:
Golden Horse along with its affiliates and controlled entities is one of the top five manufacturers of steel ball bearings in China. The Company produces over three billion ball bearings annually of various specifications along with its development of over 15 new products, such as stainless steel balls, aluminum balls, and ceramics balls. In addition, the Company continues to export its products to over twenty countries worldwide including the USA, Japan, Brazil, India, and Germany.
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W2 Energy (PINKSHEETS: WTWO) closed at $0.045 Tuesday, trading 854,183 shares.
Company News- July 8, 2008: W2 Energy Builds Plants Which Turn Garbage Into Energy
Yesterday the following was announced:
When Mike McLaren, CEO of W2 Energy (PINKSHEETS: WTWO) sees landfills, he doesn't see garbage... he sees opportunity.
"Landfills, sewage sludge, it may not be pretty to look at or to smell, but there is money in them thar hills," says McLaren. "That garbage is full of hydrogen atoms, carbon atoms. We can turn them into fuel. At the same time, we can make all that garbage disappear." W2 Energy makes waste-to-energy plants which can turn nearly any carbon and hydrogen-based feedstock into electricity, liquid fuels like synthetic diesel or jet fuels, and process heat.
"People have no idea how much energy is contained in what they throw away, or, as gross as it is, in what they flush down the toilet," says McLaren. "Our plants can turn one ton of municipal solid waste or sewage sludge into approximately 2 1/2 barrels of synthetic diesel and 3600 kilowatt hours of electricity. We think that's pretty impressive." W2 Energy has just formed a joint venture with a Chilean waste-to-energy firm called Cobal Chile to build two 40-ton per day municipal solid waste to energy plants in Central America. Each plant will turn those 40 tons of waste into approximately 100 barrels of synthetic diesel per day. The two plants together will run a 10 megawatt steam turbine which will produce enough power to run 3000 homes.
"I didn't start out a true believer in green technologies. I built and sold two robotics companies. But as I built W2 and saw the opportunities in the waste-to-energy industry, I got more and more excited. Our partnership with Cobal Chile is going to demonstrate to the world how far this technology has come. We will be eliminating the waste problem and also solving our energy problems as the same time," says McLaren.
W2 Energy will also be using their waste-to-energy technology to make cheaper biodiesel. They have just started a division to make biodiesel with a new technology called Magnetic Cavitation. They will modify waste-to-energy plants to make their own methanol for use in their biodiesel plants, rather than buying the large quantities of methanol necessary to make biodiesel.
"Waste not, want not. It's an old adage, but it's the basis of W2 Energy," says McLaren. "We won't use food products as feedstocks for energy production. And we will only do things that are good for the planet." W2 Energy is currently negotiating with joint venture partners worldwide to build waste-to-energy and biodiesel plants.
About W2 Energy Inc.
W2 Energy Inc. is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation transportation fuel and electrical power systems. W2 Energy Inc. has seasoned management,cutting edge technology and owns a large technology portfolio of patents and know-how that has been extensively validated and ready for commercial production.
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SolarBrook Water and Power Corporation (PINKSHEETS: SWPC) closed at $0.0015 Tuesday, trading 1,441,000 shares.
Company News- July 9, 2008: SolarBrook Water and Power Corporation Announces Settlement Agreement on Class Action
SolarBrook Water and Power Corporation (PINKSHEETS: SWPC), a developer, manufacturer and marketer of water quality and clean power products, announced earlier today a settlement agreement related to a class action complaint filed against the company in November 2005.
The class action was settled for the principal sum of $425,000, plus interest, and the settlement agreement calls for 12 monthly payments of approximately $35,967.
"We are pleased to have reached a settlement that we believe will not materially impact the business of the company and its subsidiaries," stated George Moore, CEO of SolarBrook Water and Power Corporation. "With this now behind us, the company looks forward to reporting additional progress in the execution of its business strategy, especially as the need for clean water and power solutions worldwide becomes even more urgent." SolarBrook recently announced several pending projects, including joint venture negotiations for a project in China, a pending new sale through its distributor, Resource Management Technologies, LLC, and negotiations for a new reseller agreement with a Canadian marketing company. More information on the status of each of these projects is expected in the coming weeks.
About SolarBrook Water and Power Corporation
SolarBrook Water and Power Corporation, headquartered in Raleigh, North Carolina, maintains a core focus of seeking out synergistic acquisitions that will provide capital appreciation and income for its portfolio companies. The mission of SolarBrook is to acquire and develop innovative technologies and businesses that will improve the quality of water throughout the world by means of detection, treatment and removal of contaminants. SolarBrook also seeks to provide integrated clean power alternatives for remote and off-grid systems, further expanding market potential.
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Rudolph Technologies, Inc. (NASDAQ: RTEC) closed at $7.73 Tuesday, trading 116,700 shares.
Company News- July 9, 2008: Rudolph Technologies Second Quarter Revenue to Exceed Guidance, Sequential Revenue Growth Forecast for the Third Quarter
Rudolph Technologies, Inc. (NASDAQ: RTEC), a leading provider of process characterization equipment and software for both front-end and back-end inspection and metrology solutions, pre-announced earlier today that its second quarter 2008 revenue will exceed the high end of Company guidance and finish above $38 million. Earnings per share guidance for the second quarter 2008 remains unchanged. Furthermore, the Company now anticipates quarterly sequential revenue growth in the 2008 third quarter.
"We are very pleased with the revenue growth we are seeing," commented Paul F. McLaughlin, Chairman and Chief Executive Officer. "The strengthening of our back-end business, the early acceptance of some of our new products, and an acceleration of product sales resulting from our recent acquisitions have enabled us to exceed our previous revenue guidance of flat to down five percent for the second quarter of 2008 ending June 30th. We expect these positive drivers to continue which in turn guides our forecast for sequential revenue growth in the 2008 third quarter." Rudolph Technologies will issue a press release announcing its final 2008 second quarter results on August 4, 2008 at approximately 4:00 PM Eastern Daylight Time (EDT) and Paul F. McLaughlin, Chairman and Chief Executive Officer and Steven Roth, Chief Financial Officer will host a conference call that same day at 4:45 PM EDT. A live webcast will also be available to investors on the Company's website at www.rudolphtech.com. Please go to the Web site at least fifteen minutes prior to the call to register, download and install any necessary audio software.
About Rudolph Technologies
Rudolph Technologies is a worldwide leader in the design, development, manufacture and support of high-performance process control metrology, defect inspection and data analysis systems used by semiconductor device manufacturers. Rudolph provides a full-fab solution through its families of proprietary products that provide critical yield-enhancing information, enabling microelectronic device manufacturers to drive down costs and time to market. Rudolph has enhanced the competitiveness of its products in the marketplace by anticipating and addressing many emerging trends driving the semiconductor industry's growth. Rudolph's strategy for continued technological and market leadership includes aggressive research and development of complementary metrology and inspection solutions. Headquartered in Flanders, New Jersey, Rudolph supports its customers with a worldwide sales and service organization. Additional information can be found on the Company's website at www.rudolphtech.com.
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