Message: AGORACOM Small Cap TV - August 15th - 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 Aug 15th, 2011, 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.
Castillian Intersects 3.02 g au/t and 0.85% Cu Over 7.30 Metres in Mine Zone Extension at Hope Brook, Newfoundland
Castillian Resources Corp. (TSX VENTURE: CT)
is pleased to report results for an additional seven diamond drill holes that tested the downdip and along strike extension of the Mine Zone and Hanging Wall Zones at its Hope Brook gold property, Newfoundland. Significant results are given in Table 1 below. Highlights are as follows:
Mine Zone Extension
-- 3.02 g Au/t and 0.85% Cu over 7.30m within a wider mineralized zone grading 1.37 g Au/t and 0.26% Cu over 25.80m in hole HB11-036W; -- 3.37 g Au/t and 0.37% Cu over 8.30m within a wider mineralized zone grading 1.57 g Au/t and 0.11% Cu over 30.40m in hole HB11-038;
Hanging Wall Zone
-- 3.67 g Au/t and 0.47% Cu over 9.60m within a wider mineralized zone grading 2.05 g Au/t and 0.27% Cu over 19.10m in hole HB11-026;
ABOUT CASTILLIAN
Castillian Resources Corp. is a Canadian mineral exploration company listed on the TSX Venture Exchange under the symbol "CT" which has gold and base metal properties in Canada and South America. Castillian's flag ship property is the Hope Brook Gold Project located in southwestern Newfoundland where it is carrying out a 25,000 metre diamond drill program.
Last: 0.155Range: 0.24-0.055Market Cap: 45.6 million
Rare Earth Metals Reports 1.50% TREO Over 94.2 Meters From Lavergne-Springer Project, Near Sudbury, ON
Rare Earth Metals Inc.(TSX VENTURE: RA)(OTCQX: RAREF)(PINK SHEETS: RAREF)
is pleased to report Rare Earth Element results from the first drill hole on the West Lavergne REE Mineralized Zone at the Lavergne-Springer property. The property is located 8 km north of the Trans-Canada Highway, in Springer Township, immediately north of the Town of Sturgeon Falls and 80 km east of Sudbury, Ontario. The results from DDH-SL-01 include a best intersection of 1.50% TREO over 94.2 meters within a larger zone of mineralization which assayed 0.94% TREO over 359.8 meters. The HREO/TREO ratio from the 94.2 meter intersection is 6.1% and the 367.4 meter composite is 6.7%.
About Rare Earth Metals Inc.
Rare Earth Metals is a well funded company with a focus on exploring for Rare Earth Element deposits. The Company's shares are listed on the TSX-V exchange under the symbol RA and the OTCQX exchange under the symbol RAREF. The Company presently has two advanced projects in Ontario and Newfoundland and Labrador, both exhibiting multi element potential (REEs, Niobium, Beryllium, Zirconium and Iron Ore) and proximity to available infrastructure. Its flagship properties are the Clay-Howells Prospect and the Red Wine Project.
Last: 0.26Range: 0.51-0.18Market Cap: 21.7 million
China Carbon Graphite Group Releases Second Quarter 2011 Results
China Carbon Graphite Group, Inc. (OTCBB:CHGI) ("China Carbon" or the "Company"), the largest wholesale supplier of fine-grain and high-purity graphite in China and one of the nation's top manufacturers of carbon and graphite products, today announced its financial results for the second quarter ended June 30, 2011.
Second Quarter 2011 Financial Highlights:
--Revenue increased 274%, from $3.2 million in Q2 2010 to $12.1 million in
Q2 2011
--EBIDTA improved 11%, from $1.8 million in Q2 2010 to $2.0 million in Q2
2011
--Gross profit rose 1,070%, from $0.2 million in Q2 2010 to $2.7 million
in Q2 2011
--Gross profit rate increased 214%, from 7% in Q2 2010 to 22% in Q2 2011
--Net income grew 22%, from $0.7 million in Q2 2010 to $0.9 million in Q2
2011
--Adjusted net income rose 279%, from $0.68 million adjusted net loss in
Q2 2010 to $1.2 million in Q2 2011
About China Carbon Graphite Group, Inc.
China Carbon Graphite Group, through its affiliate, Xingyong Carbon Co., Ltd., manufactures graphite and carbon based products in China. The company is the largest wholesale supplier of fine-grain and high-purity graphite in China and one of the nation's top overall producers of carbon and graphite products. Fine grain graphite is widely used in smelting for colored metals and rare earth metal smelting as well as the manufacture of molds. High purity graphite is used in metallurgy, mechanical industry, aviation, electronic, atomic energy, chemical industry, food industry and a variety of other fields.
Last Trade: 1.0952 Week: 2.54 – 0.4501Market Cap: 24.55 Million
China BCT Reports Strong Second Quarter 2011 Results
China BCT Pharmacy Group, Inc., (OTC BB: CNBI), ("China BCT" or the "Company"), a leading pharmaceutical distributor, retail pharmacy, and manufacturer of pharmaceutical products in Guangxi Province, China, today announced results for the second quarter ended June 30, 2011.
Second Quarter 2011 Highlights
Revenue increased 37.1% year-over-year to $65.1 million
Gross profit rose 27.4% year-over-year to $16.1 million
Operating income grew 13.2% year-over-year to $11.6 million
GAAP net income climbed 20.6% to $8.6 million, or $0.19 per diluted share, from $7.1 million, or $0.19 per diluted share, in the year ago quarter
Excluding non-cash items related to change in the fair value of warrant liabilities and share-based compensation expense, non-GAAP adjusted net income was $8.3 million, or $0.18 per diluted share
Cash and cash equivalents as of June 30, 2011 totaled $63.1 million, compared to $20.2 million at the end of 2010.
Six Months 2011 Results
Net revenue was $123.7 million in the first half of 2011, up 51.8% from $81.5 million in the first half of 2010. In terms of revenue mix, pharmacy distribution remained the Company's largest segment in the first half of 2011 at 74.2% of total sales, compared to 69.4% in the same period last year.
Gross profit was $29.7 million, or 24.0% of revenue, up 38.2% from $21.5 million, or 26.3% of revenue, in the first half of 2010. Operating income was $20.2 million, or 16.4% of revenue, up 23.1% from $16.5 million, or 20.2% of revenue, in the first half of 2010. Net income increased 30.6% to $14.9 million, or $0.35 per diluted share, compared to $11.4 million, or $0.30 per diluted share, in the first half of 2010.
Financial Condition
As of June 30, 2011, China BCT had $63.1 million in cash and cash equivalents, $93.1 million in working capital and a current ratio of 2.44. Long-term bank debt was $0.2 million. Stockholders' equity was $99.3 million on June 30, 2011, compared to $83.1 million at the end of 2010.
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.
Last Trade: 1.7052 Week: 3.99 – 1.25Market Cap: 64.58 Million
China Linen Textile Industry, Ltd. Reports Second Quarter 2011 Results; Revenues Increase 82% to $16.0 Million, Net Income Increases 80% to $3.5 Million with Diluted EPS of $0.51
China Linen Textile Industry, Ltd. (OTCQB:CTXIF) ("China Linen" or the "Company"), one of China's leading linen fabric and linen yarn producers and exporters, today announced financial results for the second quarter ended June 30, 2011.
Q2 2011 revenues increased 82% to $16.0 million.
Q2 2011 gross profit increased 116% to $5.9 million, gross margin up 572 basis points to 36.5%
Q2 2011 net income increased 80% to $3.5 million; diluted EPS of $0.51 vs. $0.33 a year ago.
Raised full year revenue guidance from $58-63 million to $60-64 million, raised full year net income guidance from $11.5-12.6 million to $12-13 million.
SUMMARY FINANCIALS
Three Months Ended June 30, 2011
--------------------------------------------------------------
Q2 2011Q2 2010CHANGE
------------- ------------ --------
Net Sales$16.0 million $8.8 million +82%
-------------------------- ------------- ------------ --------
Gross Profit$5.9 million$2.7 million +116%
-------------------------- ------------- ------------ --------
Net Income$3.5 million$1.9 million +80%
-------------------------- ------------- ------------ --------
EPS (Diluted)$0.51$0.33+51%
-------------------------- ------------- ------------ --------
Diluted Shares Outstanding 7.2 million5.8 million
-------------------------- ------------- ------------
Revenue for the six months ended June 30, 2011 totaled $31.8 million, an increase of approximately 81% from $17.6 million for the six months ended June 30, 2010. Operating income increased 106% to $9.2 million for the first six months of 2011 from $4.5 million in the same period of 2010, while operating margins increased 361 basis points to 29.0%.
Net income was $6.6 million for the six months ended June 30, 2011 as compared to $4.0 million for the six months ended June 30, 2010, representing an increase of approximately 65%, representing diluted earnings per share of $0.97, compared to $0.70 in the same period of 2010, an increase of 39%.
About China Linen Textile Industry, Ltd.
China Linen Textile Industry, Ltd. (www.chinalinentextile.com) is principally engaged in the production and sale of linen yarn and various types of linen fabric. The Company is also involved in consultation and R&D related to linen technology and linen products. The Company carries on all of its business activities through its subsidiary, Heilongjiang Lanxi Sunrise Linen Textile Industry Co., Ltd. ("Lanxi Sunrise"), established in June 2002 and located in Lanxi County, the "Homeland of Flax in China," near Harbin City in China
Last Trade: 2.3052 Week: 3.50 – 1.85Market Cap: 13.41 Million
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ENSERVCO Corporation (OTCBB: ENSV)
ENSERVCO Reports Revenue Growth of 34% and 49% in Second Quarter and Six-Month Periods, Respectively
ENSERVCO Corporation (OTCBB: ENSV), a provider of well-site services to the domestic onshore conventional and unconventional oil and gas industries, today reported financial results for its second quarter and six-month periods ended June 30, 2011.
Selected Highlights:
--Second quarter revenue up 34% to $4.5 million, adjusted EBITDA*
improves to $80,000 from $19,000 in second quarter a year ago
--Six-month revenue increases 49% to $13.7 million versus year-ago
period; Six month adjusted EBITDA* up 133% to $2.8 million
--Six-month operating cash flow up 227% to $3.6 million versus same
period last year
--New operation centers in Bakken and Niobrara regions scheduled to open
in late Q3
Second quarter results Second quarter revenue increased 34% to $4.5 million from $3.3 million in the same quarter a year ago. Gross margin increased to 15% from 12% in the second quarter of 2010. Operating loss was $1.2 million versus $953,000 last year.
Six-month Results Revenue through six months increased 49% to $13.7 million from $9.2 million in the same period last year. Gross margin improved to 30% from 23% in last year's six-month period. Operating income improved to $480,000, a positive swing of $1.2 million when compared with a loss from operations of $706,000 at the six-month mark last year. Net income was $35,000, or $0.00 per diluted share, a $710,000 improvement when compared with a net loss of $675,000, or $0.05 per diluted share, in the same period last year.
Adjusted EBITDA* through six months was $2.8 million, up 133% from adjusted EBITDA* of $1.2 million during the same period last year. Operating cash flow at the mid-year mark improved to $3.6 million, up 227% increase versus $1.1 million during the same period last year.
About ENSERVCO Through its various operating subsidiaries, ENSERVCO has rapidly emerged as one of the energy service industry's leading providers of hot oiling, acidizing, frac heating and fluid management services. The Company owns and operates a fleet of more than 225 specialized trucks, trailers, frac tanks and related well-site equipment. ENSERVCO operates in Colorado, Kansas, New Mexico, North Dakota, Oklahoma, Pennsylvania, Texas, Utah, Wyoming and West Virginia.
Last Trade: 1.2052 Week: 1.44 – 0.33Market Cap: 26.13 Million
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