Agoracom Blog

AGORACOM Small-Cap TV – 4 Great Press Releases At The Open (May 26th)

Posted by AGORACOM at 8:25 AM on Monday, May 26th, 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 26th and we’ve found 4 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 Energy Recovery, Inc. (OTCBB: CGYV)

China Energy Recovery Reports 2008 First Quarter Results of Subsidiary Poise Profit,

2008 first quarter financial results of its wholly-owned subsidiary, Poise Profit International. Poise Profit reported in consolidated revenue over the same period in 2007, with sales of $4.18 million (an increase of 106% ) and a net income of $712,711.

CER is an international leader in energy recovery systems, with a primary focus on the Chinese market. CER’s technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits.

Close: $12.50


CON-SPACE Communications Ltd. (TSX VENTURE:CCB),

Reports Third Quarter Results

a world leader in specialized voice communication products, technical search, surveillance and inspection systems, today announced the results for its third quarter ended March 31, 2008.

Our year to date performance remains below acceptable levels; however, we have taken measures that counter the negative impact of unfavorable exchange rates and the slow down in government grant money sales in the US,” said Gordon Cook, President of Con-Space Communications. “These measures provide a clear focus for our Company and we are confident they will provide growth in both revenues and profitability.”

For the third quarter of fiscal 2008, the Company generated total revenue of $2,438,000 and incurred a net loss of $220,000 or $0.01 per share. CON-SPACE acquired Search Systems of Bakersfield, CA, a leading manufacturer and supplier of enhanced search and inspection systems using video, sound and vibration technology, in April 2007, making year-over-year results not directly comparable.

During the third quarter of its 2008 fiscal year, sales decreased 9.8 per cent compared to the second quarter of fiscal 2008. Operating expenses increased 10.8 per cent to $1,064,000 versus $960,000 recorded in the second quarter. As a percentage of sales, gross profit decreased 1.6 per cent in the third quarter to $1,117,000 versus the second quarter.

For the nine months ended March 31, 2008, the Company reported a 48.4 per cent increase in sales to $7,015,000 in 2008 and posted a net loss of $509,000 or $0.03 per share. The increase in sales was mostly the result of the acquisition of Search Systems; however, had it not been for the increasing value of the Canadian dollar this increase would have been significantly higher. Operating expenses increased 4.0 percent year over year as a percent of sales, or $1,188,000 versus the same period last year, due to the inclusion of Search Systems. Gross profit improved to $3,263,000 or 46.5 per cent of sales versus the previous year’s $1,956,000 or 41.4 per cent of sales.


Explorator Resources Inc. (TSX VENTURE:EXO)

Intercepts Copper-Gold in the New Explored Pirata Zone at El Espino-Venus (Chile)

Includes 102m @ 0.46% Cu

continues to intersect significant copper-gold mineralization outside of the resource area in its 30,000m Phase III Drilling program at the El Espino-Venus Project in Chile.

most recent results received are from the Pirata zone, which until now has not been systematically drilled.

Significant results include: (For complete results see Table 1)

HOLE NO          DEPTH (m)   INTERCEPT (m)                Cu %    Au g/t


MXE - 182        15 to 33              18                                  0.57      0.22


39 to 62                23                                          0.57      0.34


with 54 to 55               1                                          0.57      5.09


MXE - 226        4 to 102             102                                 0.46      0.26


with 56 to 90              34                                         0.83      0.40


and 62 to 88              28                                         1.02      0.44


and 80 to 86               6                                           2.68      1.24


The Pirata zone is centered on an old copper-oxide open-pit working and an old underground gold mine said to extend to a depth of 90 meters. Drilling of this zone has recently commenced and has discovered a substantial zone of copper-gold mineralization.

Any resource developed in the newly defined Pirata zone will be an addition to the mineral resource estimate defined to date” noted David O’Connor, CEO of Explorator Resources.

On February 27th, 2008 the company announced a NI 43-101 compliant Resource Estimate which included 11.68 million tonnes at 0.64%Cu, 0.18g/tAu Indicated

and 88.67 million tonnes at 0.61%Cu, 0.19g/tAu Inferred resources within the copper-gold system. All of the holes tabulated below are outside of the area of the announced 43-101 mineral resource estimate.



Blackstone Ventures Inc. (TSX VENTURE:BLV)

Reports Near-Surface Nickel Intersections at Dalen Target, Norway

additional assay results from diamond drilling at the Dalen nickel target in Norway including 55.5 metres grading 0.40% Ni and 0.16% Cu from 22 to 77.5 metre drill depth.

The Dalen target is the second of two newly recognized bulk tonnage targets at the Espedalen nickel project in addition to the Megrund target where recently reported results include 0.31% Ni and 0.12% Cu over 117.4 metres (PR May 15, 2008).

Recent drill results in the PR

CEO for Blackstone, Dean MacEachern, comments, “Recent results confirm bulk tonnage potential for the Dalen area. With the limited amount of drilling we have done to date we have already defined a sizeable, near-surface body of mineralization, and with the significant thickening indicated to the north we could quickly add to this with only a few drill holes. Additionally the host Dalen pyroxenite body extends a further 2 kilometres southeast of these drill holes adding further upside potential for this area.”



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