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Message: AGORACOM Small Cap TV - November 10th - Highlights

Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s November 10th 2010, and we’ve found 6 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.

China Valves Technology, Inc. Announces Third Quarter 2010 Results

KAIFENG, China, Nov. 10, 2010 /PRNewswire-Asia-FirstCall/ -- China Valves Technology, Inc. (Nasdaq:CVVT - News) ("China Valves" or the "Company"), a leading Chinese metal valve manufacturer, today announced its financial results for the three months ended September 30, 2010.

Third Quarter 2010 Highlights

  • Third quarter net revenue reached $55.3 million, up 97.8% year-over-year
  • Gross profit increased to $25.1 million, up 82.4% year-over-year
  • Net income reached $15.9 million, or $0.45 per fully diluted share, up from $3.8 million, or $0.12 per fully diluted share, for the third quarter of 2009
  • Adjusting for non-cash items related to the change in fair value of warrant liabilities and non-cash compensation expense related to the release of make good shares from escrow, adjusted net income was $15.6 million, or $0.44 per diluted share, compared with adjusted net income of $7.4 million, or $0.21 per diluted share, for the third quarter of 2009

About China Valves Technology, Inc.

China Valves Technology, Inc. through its subsidiaries, Zhengzhou Zhengdie Valve Co, Ltd., Henan Kaifeng High Pressure Valve Co., Ltd., Tai Zhou Tai De Valve Co., Ltd., Yangzhou Rock Valve Lock Technology Co., Ltd., Able Delight (Changsha) Valve Co., Ltd. and Shanghai Pudong Hanwei Valve Co., Ltd., is engaged in development, manufacture and sale of high-quality metal valves for the electricity, petroleum, chemical, water, gas and metallurgy industries. The Company has one of the best known brand names in China's valve industry, and its history can be traced back to 1959 when it was formed as a state-owned enterprise.

Last Trade: 11.10.52 Week: 14.85 – 7.03Market Cap: 406.74 Million

China Green Agriculture, Inc. Reports First Quarter Fiscal Year 2011 Financials

China Green Agriculture, Inc. (NYSE:CGA - News) ("China Green Agriculture" or "the Company"), a leading producer and distributor of humic acid ("HA") based compound fertilizer, blended fertilizer, organic compound fertilizer and mixed organic-inorganic compound fertilizer through its wholly owned subsidiaries, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. and Beijing Gufeng Chemical Products Co., Ltd. ("Gufeng"), today announced the financial results for the quarter ended September 30, 2010, i.e., the first quarter of fiscal year 2011.

About China Green Agriculture, Inc.

The company was founded in 2000 and is based in Xian, the People’s Republic of China. China Green Agriculture produces and distributes humic acid (''HA'') based liquid compound fertilizer through its wholly owned subsidiary, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd., (''TechTeam''). TechTeam produces and sells approximately 15,000 metric tons of over 100 different kinds of fertilizer products per year.

Last Trade: 8.7852 Week: 18.70 – 6.81Market Cap: 235.73 Million

Deer Consumer Products, Inc. Announces Record 3rd Quarter Financial Results

NEW YORK, Nov. 10, 2010 /PRNewswire-FirstCall/ -- Deer Consumer Products, Inc. (Nasdaq:DEER - News), one of the world's largest vertically integrated branded and ODM/OEM manufacturers of small home and kitchen appliances marketing to both global and China domestic consumers, announced today record financial results for the 3rd quarter ended September 30, 2010. Deer management is scheduled to host an investor conference call today at 8:30 am, US Eastern Standard Time.

3rd Quarter Financial Highlights:

  • Revenues of $55.26 million, an increase of 108% from Q3/09
  • Net income of $9.27 million, an increase of 125% from Q3/09, fully diluted EPS (Earnings per Share) of $0.28, an increase of 56% from EPS of $0.18 in Q3/09
  • Strong balance sheet: $54.4 million in cash without any long term debts
  • Record China domestic sales – high margin China domestic sales increased 708% to 42% of revenues compared to Q3/09
  • Expanded gross profit margin to 28.7%, compared to 22.1% in Q3/09
  • Expanded operating margin to 21.0%, compared to 16.9% in Q3/09
  • Expanded net income margin to 16.8%, compared to 15.5% in Q3/09
  • Initiated planning for Deer's 2nd production facility, which is located in China's eastern AnHui Province – positioned for significant China domestic customer demand in 2011
  • Sees positive impact to earnings from China's currency appreciation and positive growth momentum from the current global economic environment

About Deer Consumer Products, Inc.

Deer Consumer Products, Inc. (Nasdaq: DEER - News) is a NASDAQ Global Select Market listed U.S. company with its primary operations in China. Deer has a 15-year operating business as well as a strong balance sheet. Operated by Deer's founders and supported by more than 103 patents, trademarks, copyrights and approximately 2,000 employees, Deer is a leading designer, ODM/OEM manufacturer and global marketer of quality small home and kitchen electric appliances. Deer's product lines include blenders, juicers, soy milk makers and a large variety of other home appliances designed to make today's lifestyles simpler and healthier.

Last Trade: 12.2552 Week: 18.97 – 6.981Market Cap: 421.49 Million

First Fiscal Quarter of 2011 Highlights

Total net revenues from continuing operations for the three months ended September 30, 2010 increased 19.2% to $15.1 million compared to $12.6 million for the three months ended September 30, 2009.

Income from continuing operations increased 247% to $1.2 million from $356,000 for the same period in 2009.

Net income applicable to common shareholders increased 204% to $679,000 from net income of $224,000 for the same period in 2009.

As of September 30, 2010, the Company had cash and cash equivalents of $3.1 million compared to $4.5 million as of June 30, 2010. Stockholders' equity improved to $17.9 million as of September 30, 2010 from $17.3 million as of June 30, 2010.

About PHC d/b/a Pioneer Behavioral Health

PHC, Inc., d/b/a Pioneer Behavioral Health, is a national healthcare company providing behavioral health services in five states, including substance abuse treatment facilities in Utah and Virginia, and inpatient and outpatient psychiatric facilities in Michigan, Pennsylvania, and Nevada. The Company also offers internet and telephonic-based referral services that includes employee assistance programs and critical incident services.

Last Trade: 1.4252 Week: 1.64 – 0.91Market Cap: 27.22 Million

China BCT Reports Strong Third Quarter 2010 Results

China BCT Pharmacy Group, Inc., (OTC Bulletin Board: CNBI), ("China BCT" or the "Company"), a leading pharmaceutical distributor, retail pharmacy, and manufacturer of pharmaceutical products in Guangxi Province, China, today announced strong results for the third quarter ended September 30, 2010.

Third Quarter 2010 Highlights

Revenue increased 55.1% year-over-year to $52.5 million

Gross profit rose 44.4% year-over-year to $13.2 million

Operating income grew 30.9% year-over-year to $9.5 million

GAAP net income was $6.9 million, or $0.18 per diluted share, compared to $5.1 million, or $0.16 per diluted share, in the year ago quarter

Excluding non-cash income related to a change in the fair value of warrant liabilities, non-GAAP adjusted net income was $6.7 million, or $0.17 per diluted share

About China BCT

China BCT is engaged in pharmaceutical distribution, pharmacy retailing, and the manufacture of pharmaceuticals products through its subsidiaries Guangxi Liuzhou Baicaotang Medicine Limited, Guangxi Liuzhou Baicaotang Medicine Retail Limited and Hefeng Pharmaceutical Co. Limited in Guangxi province, China. We operate a large regional retail network in Guangxi province, consisting of 173 directly owned retail stores in Guangxi province.

Last Trade: 3.2552 Week: 5.00 – 2.30Market Cap: 124 Million

Endeavour Silver Reports Record EBITDA, Cash-Flow, Revenues in Q3, 2010; Silver Production of 797,000 oz Up 20% Compared to Q3, 2009

Endeavour Silver Corp. (TSX:EDR)

announced today its financial and operating results for the Third Quarter, 2010, including record quarterly EBITDA, cash-flow and revenues. Endeavour owns and operates two high-grade, underground, silver-gold mines in Mexico, the Guanacevi Mines in Durango State and the Guanajuato Mines in Guanajuato State.

Third Quarter 2010 Highlights (Compared to Q3, 2009)

  • Net Earnings climbed from $1.5 million loss to $0.1 million gain
  • EBITDA rose 826% to $6.5 million
  • Mine operating cash-flow escalated 181% to $10.9 million
  • Sales revenues increased 105% to $20.1 million
  • Cash costs increased 14% to $5.93 per oz silver produced (net of gold credits)
  • Silver production climbed 20% to 797,054 ounces (oz)
  • Gold production jumped 28% to 4,607 oz
  • Silver equivalent production rose 22% to 1,096,509 oz (65:1 silver: gold ratio, no base metals)
  • Plant expansion to 1,000 tonnes per day at Guanacevi now substantially complete

Endeavour Silver Corp. is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted five consecutive years of aggressive silver production, reserve and resource growth. The organic expansion programs now underway at Endeavour's two operating silver mines in Mexico combined with its strategic acquisition and exploration programs should help Endeavour achieve its goal to become the next premier mid-tier silver mining company.

Last: 5.85Range: 7.14-3.05Market Cap: 70 Million

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