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    • Archive for October, 2011

    Imperial Petroleum, Inc. Reports Results for the Fourth Quarter and Fiscal Year Ended July 31, 2011

    Posted on October 24, 2011

    IPMNImperial Petroleum, Inc. (OTCQX: IPMN), a leading biodiesel and diversified alternative energy company, today announced the detailed results for the fiscal year and fourth quarter ended July 31, 2011.

    For the fiscal year ended July 31, 2011, total revenues were $110 million as compared to $5.7 million in the fiscal year ended July 31, 2010, a nineteen-fold increase. Net after tax income was $6.1 million, or $0.21 per share on 28.4 million fully diluted weighted average shares outstanding, compared to a net after tax loss of $17.8 million, or $(0.99) per share on 18.0 million basic weighted average shares outstanding in fiscal 2010. The net loss for the year ended July 2010 was primarily the result of a write-off of goodwill associated with the acquisition of e-biofuels in the amount of $16.3 million.

    In the fourth quarter ended July 31, 2011, revenues were $47.0 million compared to $5.5 million for the same period of fiscal 2010, an increase of 854%. Net after tax income for the fiscal fourth quarter of 2011 was $3.71 million, or $0.13 per fully diluted average shares outstanding compared to a net after tax loss of $17.6 million, or ($0.98) per share on 18.0 million basic weighted average shares outstanding in the fourth quarter of fiscal 2010.

    Selected highlights for fiscal year 2011 include:

    Shortly before the start of fiscal 2011, in May 2010, Imperial Petroleum acquired e-biofuels, LLC, at the time of its purchase, e-biofuels was producing less than 500,000 gallons per month and by the end of July 2011, biodiesel production was approximately 1.2 million gallons per month and the Company was profitable.

    Production for the fiscal year ended July 31, 2011 was 26.4 million gallons and is scheduled to increase another 30% in fiscal 2012. Current biodiesel production is between 2.5 – 3.0 million gallons per month.

    Imperial strengthened its management team with the hiring of a Vice President of Finance, a Controller and by installing new software to better manage the day-to-day operational activities.

    All major litigation and vendor issues have been resolved and the Company anticipates that it will be able to reduce its bank debt over the course of the year and successfully extend or refinance any amounts that might be outstanding upon the expiration of its current credit agreement.

    Recent Developments

    Since the close of our 2001 fiscal year, Imperial has had a number of developments that position the company for significant future growth, namely:

    In early August, 2011, the Company announced that it hired the Wolfe Axelrod Weinberger Associates investor relations agency to assist it in communicating its status as a rising star in the biofuels arena.

    In late August, 2011, Imperial Petroleum announced an extension of our wholly-owned subsidiary, e-biofuels, bank loan that gives the Company additional time to refinance its senior debt.

    The Company also announced a Letter of Engagement in late August to secure a two year supply of feedstock for the Company’s Middleton, Indiana biodiesel production operation.

    On September 23, 2011, the Company completed a $3.1 million equity financing that is earmarked to expand our biodiesel production by at least 30%.

    Mr. Jeffrey T. Wilson, President of Imperial Petroleum, stated, “In the process of completing its audit for the fiscal year, the Company discovered an error in our revenue accounting that affected two prior unaudited quarters of results due to the timing difference between the recognition of money received and the completion of shipments to customers. The net effect of that glitch is that revenues had been previously recorded for monies received affecting about 3% of our biodiesel sales for the year in the second and third quarters. Our auditors advised us of the error on October 6, and we subsequently restated the financial results for those quarters. Needless to say we have replaced our accounting software and upgraded our internal controls for revenue recognition but, nevertheless it was an event that should not have happened.” Read the rest of this entry »

    New York University Selects RACKWISE® to Manage IT Infrastructure

    Posted on October 7, 2011

    VNDIOct. 7, 2011– Rackwise, Inc. (OTCQB:VNDI) announced today that New York University (“NYU” or the “University”) has selected RACKWISE®, the Company’s leading Data Center Infrastructure Management (“DCIM”) product, to document, visualize, analyze, model, manage, and optimize their IT infrastructure across their three data centers. Founded in 1831, NYU is one of the largest private, nonprofitinstitutions of higher education in the United States.

    Selection of the RACKWISE® DCIM solution incorporates installation, implementation, training support and related services as well as annual maintenance and support.

    As NYU’s data centers continue to grow in size and complexity the University required a robust solution that could track all data center assets, model moves, adds, and changes (MACs), and maintain data integrity across the multiple groups owning devices and using resources in the three centers.

    Capabilities essential to NYU included documentation and visualization of all assets in a central repository, the ability to conduct ‘what if’ scenarios as part of the planning process, and to manage, predict, and optimize power management, one of the major expense items in all data centers. Flexibility, and overall ease of use, as well as support of the visualization for over 30,000 very detailed stencils of devices and racks, were critical as NYU plans to consolidate data from all three data centers into RACKWISE’s® central repository. Centralization into a single integrated DCIM will allow oversight of all three centers by a core team as well as enable each center to model and manage their own assets within the structure. The net result is constant visibility into each and all of the University’s IT expenditures and efficiencies.

    NYU selected RACKWISE® for its overall ease of use, asset tracking, and its visualization capabilities. Using a native integration with Visio, the most commonly used software graphical diagram product, RACKWISE® provides visualization to see where assets are currently located and to model MACs. RACKWISE® provides complete inventory management and the physical and financial impact of planned changes for one rack or thousands of racks.

    NYU plans to use RACKWISE® to eliminate unneeded redundancy and optimize their use of IT hardware and software assets going forward, thereby achieving a significant and rapid ROI. The rich reporting capabilities delivered as a standard feature of the product includes visual dashboards that provide the university with the ability to view and manage assets, search for capacity, model and plan for new capacity and space, and gain insight into the various IT centers throughout the university and the overall IT infrastructure, usage, and costs.

    Guy A. Archbold, the Company’s Chief Executive Officer, commented, “We are highly pleased and proud that New York University has selected our RACKWISE® Data Center Infrastructure Management solution as a core component of its current and future IT infrastructure management and optimization plans. Our selection by one of the largest and most prestigious private universities in the country and globally validates our continued commitment to providing state-of-the-art, market-relevant ‘green’ information technology solutions, enabling data centers for greater efficiency, energy savings, and a greener footprint through superior analytics to track, manage and optimize energy, asset and IT infrastructure costs and utilization across the enterprise.”

    Penny Stock Newsletter Reviews TOFS, POTG, HEV, HPGS, SAVW For Coming Week

    Posted on October 2, 2011

    Blockbuster Inc. (BLOAQ.PK) Leads Weekend Small-Cap Business Report

    The Stock Wizards.net OTC Penny Stocks closing on strong gains TOFS, POTG, HEV, HPGS, SAVW despite stocks falling broadly Friday on fresh signs that Europe’s debt problems and the U.S. economy continue to languish.

    Market Internals

    OTCBB Total Volume for 397, 243, 470 Million, Advancing Issues  355 Declining Issues 413

    Pink Sheets Total volume 2.4 Billion Shares, Advancing issues 946 Declining issues 1959

    The most active bullish penny stocks at the close of trading includes: TOFS, POTG, HEV, HPGS, SAVW.

    TOFS, POTG, HEV, HPGS, SAVW1-247MGI, Inc. (TOFS.PK) last .0009 advancing 28.57% on overall increasing volume of 50.3 million shares trading on the day.

    TOFS continues to find support from the all-important 200 day moving average line on a technical basis. The big question this coming week will be can the Bulls push TOFS above the mental .001 resistance level.

    In the company most recent press release TOFS announced through its wholly owned subsidiary Baron Capital Holdings, LLC, TOFS has officially completed the acquisition of Baron Capital Transfer and Registrar, LLC, a stock Transfer Agency registered with the SEC.

    2-PORTAGE RESOURCES (POTG.PK) last trade .112 advancing 12% on overall strong volume of 8.2 million shares at the close of trade.

    POTG had an extremely bullish week closing above the all important 50 day moving average. The big test this coming trading week will be breaking above the 100 day moving average.

    Portage Resources Inc. engages in the acquisition, exploration, development, and production of precious and base metals in Peru.

    3-Ener1, Inc. (HEV) close .1313 soaring 45.56% on breakout volume of 9.3 million shares exchanging hands on the day.

    HEV traders and investors are anticipating a bottom reversal at these levels. A weekly close above the 10 day moving average would confirm this technical event.

    Ener1, Inc., together with its subsidiaries, engages in designing, developing, and manufacturing rechargeable lithium-ion batteries and battery pack systems for energy storage in the United States and South Korea.

    4-High Plains Gas, Incorporated (HPGS.OB) last tick .095 advancing 58.60% on breakout volume of 1.1 million shares at the close of trade.

    HPGS is coming off extremely oversold technical conditions. Traders are looking for a bottom reversal at these levels with a weekly close above 20 day moving average as confirmation.

    High Plains Gas, Inc. procures, produces, and markets natural gas in the United States.

    5-SavWatt USA, Inc. (SAVW.OB) last .0014 jumping 16.67% on robust volume of 15.2 million shares.

    SAVW had a technical bottom reversal closing above the 10 day moving average on a weekly basis. Can SAVW breakout of the tight trading range between .001-.0015 this coming week?

    Fast becoming the market leader in LED lighting, SavWatt focuses on developing innovative, energy-efficient and cost-effective LED lighting solutions. By delivering value added, application-specific LED lighting systems, we can significantly reduce energy costs and minimize our carbon footprint worldwide.

    Penny Stock Picks TOFS