Agoracom Blog

AGORACOM Small-Cap TV – 5 Great Press Releases At The Open (May 16th)

Posted by AGORACOM at 10:56 AM on Friday, May 16th, 2008

Good morning to you all. Please find enclosed a summary of the great small-cap and micro-cap press releases we highlighted on our TV show this morning. It’s May 16th and we’ve found 5 great press release from both sides of the border to report on at the open. Another great day for the small-cap and micro-cap world.

You can watch AGORACOM TV right from our home page , or our archive where you can see or search all of our previous shows.

If you are new to the show, it is a daily, fast-paced, edgy report that we put out at or before the open everyday that strictly reports on the best small cap and micro cap press releases of the day in 3-5 minutes. You can watch the show by going to AGORACOM every morning.

Our daily show focuses on content over form so that you can get profitable information into your hands as fast as possible. The same holds true for these blog entries where I simply cut and paste my TV notes for your benefit, without any editing.

If you have any material information pertaining to any of today’s companies, be sure to share your knowledge by posting your comments for everyone to see.

As always, don’t forget to visit the AGORACOM Marketplace where we list compelling summaries for over 85 great small-cap companies that you can sort by exchange and industry to suit your personal investing tastes.

Now, onto our show notes for the day.

China Infrastructure Investment Corporation (OTCBB: CIIV)

Reports Nine Month and Third Quarter Results

an emerging infrastructure development and service company operating in The People’s Republic of China, reported today that its fiscal third quarter results

  • Revenues — generated by its toll road operations on the Pingling Expressway in Henan Province — rose 18% to $11,630,749, compared with $9,857,195 in the year earlier three month period ending March 31, 2007. It added that revenues in the period would have been substantially higher if not for the impact of the unusually heavy snowstorms that affected much of China in January and the seasonal impact of lower commercial traffic during the 15 day Spring Festival vacation period in February.
  • The Company also reported that the lower than expected revenues in the quarter, in combination with higher interest costs, translated to an approximately 12% decline in its third quarter net income, from $2,078,859 in the third quarter of the prior fiscal year to $1,823,863 in the three month period ended March 31, 2008.
  • Through the first nine months of the fiscal year, however, reflecting increased toll rates and what the Company sees as a continuing overall trend of increased daily traffic volume on the Pingling Expressway — which grew approximately 35% in the period compared to the first nine months of the prior fiscal year — revenues climbed more than 50% to $40,509,496 compared with $26,876,316 in the same period a year earlier. The Company said that the factors driving the increase in revenues in the first nine months, coupled with improved margins and operating efficiencies, also led to a substantial increase in net income in the period, from $4,481,805 in the first nine months of the prior fiscal year, to $8,370,026 in the period ending March 31, 2008, an increase of approximately 87%.

4.58 (5.15 – 4.00)

headquartered in Henan Province, China, focuses on investing in, constructing, operating and managing development projects providing high quality infrastructure services and promoting regional economic growth in the People’s Republic of China (PRC). The Company currently operates the Pingling Expressway, a 106-kilometer dual carriageway four-lane toll road in the Henan Province in central China, which is a component of the Luoyang-Nanjing expressway, an important passage from the northwest Mainland areas to the southeast coastal China.


China INSOnline Corp. (OTCBB: CHIO)

Reports Record Financial Results for Three and Nine Month Period Ended March 31, 2008

an integrated licensed insurance services provider operating a leading industry web portal in the People’s Republic of China,

  • Revenues for three months ended March 31, 2008 were $3,345,933, resulting in gross profit of $2,607,268, income from operations of $2,301,748 and net income of $1,610,186, or $0.04, exclusive of $374,563 gain on foreign currency translation.
  • For nine months ended March 31, 2008, revenues reached $8,646,686, resulting in gross profit of $7,623,409, income from operations of $7,046,984 and net income of $5,648,389, or $0.18, exclusive of $560,144 gain on foreign currency translation.

Representing major insurance underwriting firms in China, the Company offers online automobile, property and life insurance services through its industry web portal,

4.68 (13.00 – 1.70)


Hartville Group, Inc. (OTCBB:HVLL)

Announces Financial Results for the First Quarter of 2008

provider of health insurance plans for domestic pets

  • As of March 31, 2008, the number of pets insured by Hartville was 73,364, up 83% from the 40,159 pet lives covered as of March 31, 2007. In the first quarter of 2008, Hartville added 8,484 net pet policies, an increase of 13% from 64,880 pets at December 31, 2007. The year-over-year and sequential increases in pet lives covered are indicative of Hartville Group’s successful marketing efforts.
  • Gross revenue for the three months ended March 31, 2008 increased by 123% to $4.1 million, up from $1.9 million for the comparable period of 2007.
  • Other expenses were $.3 million in the first quarter of 2008, up slightly from $0.1 million in the prior year period, primarily as a result of a settlement of a long outstanding lawsuit. Including these other expenses, the net loss for the first quarter of 2008 was $1.5 million, or $(0. 14) per fully diluted share based on 11.3 million shares, compared to a net loss of $1.8 million, or $(0.47) per fully diluted share based on 3.7 million shares.

1.20 (2.175 – 1.00)


GraphOn Corporation (OTCBB:GOJO)

Announces First Quarter 2008 Results

GraphOn Corporation, a leading worldwide developer of thin-client application publishing and Web-enabling solutions,

  • Revenue was approximately $1.3 million for the three months ended March 31, 2008, as compared to approximately $1.1 million recorded in the same period of 2007.
  • The net loss for the three months ended March 31, 2008 was approximately $0.7 million, as compared to the approximate $1.0 million net loss for the same period of 2007.
  • The basic and diluted loss per common share for the three months ended March 31, 2008 was $0.01 per share as compared with a basic and diluted loss of $0.02 per common share for the same quarter of 2007.

0.34 (0.49 – 0.13)


DOR BioPharma, Inc. (OTCBB: DORB)

Reports 1st Quarter 2008 Financial Results

  • Revenues for the first quarter of 2008 were approximately $0.7 million compared to $0.2 million in the first quarter of 2007. The increase is attributed to the continued progress and attainment of milestones in the development of RiVax(TM), DOR’s vaccine against ricin toxin. Revenues resulted from the second NIAID grant that was received for RiVax(TM) in September 2006 for $5.2 million.
  • The Company’s net loss for the first quarter of 2008 was approximately $1.4 million, or $0.01 per share, compared to $2.2 million, or $0.03 per share, for the first quarter of 2007. This decrease in the net loss is primarily attributed to higher costs in 2007 associated with regulatory and consultant expenses in connection with regulatory activities in support of the New Drug Application for orBec® (oral beclomethasone dipropionate) in the treatment of acute gastrointestinal Graft-versus-Host disease (GI GVHD).

DOR BioPharma, Inc. (DOR) is a late-stage biopharmaceutical company developing products to treat life-threatening side effects of cancer treatments and serious gastrointestinal diseases, and vaccines for certain bioterrorism agents.

0.141 (0.75 – 0.14)

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