Great Wall Builders Ltd., (OTCBB: GWBU) reached up 35% in morning trading to $.54 with 4M shares traded. Great Wall Builders, Ltd. (operating as "Start Technologies Corp.") owns the exclusive manufacturing and distribution rights to the Start Fuel Efficiency and Emissions Device (FEED) unit, a patent-pending fuel-conditioning technology that reduces polluting emissions and increases mileage. The Company is in the process of commercializing the Start FEED unit, a new automotive aftermarket device that enhances engine performance by causing fuel to combust more efficiently and completely. The technology uses a high-voltage electric current to break long-chain hydrocarbon molecules into shorter, lighter more volatile molecules. The patent-pending device produces a number of important benefits, including lower emissions, reduced fuel consumption and improved engine performance. Great Wall Builders Ltd., (GWBU.OB - News) yesterday announced the election of three (3) new members of its Board of Directors; Mssrs. Daniele Brazzi, Dominico Chiovitti and Jay Almeida. The following provides a brief description of the incoming Directors prior business experiences.
Marine Drive Mobile Corp. (OTCBB: MDMC) Marine Drive Mobile Corp. is a San Francisco-based technology company dedicated to bringing simplicity, innovation and disruption to the online coupon industry. Their mission is to transform the online coupon space by giving businesses a totally free online advertising platform that makes creating and promoting daily deals as simple as sending an email. Marine Drive Mobile connects merchants and consumers through our proprietary software platform and business systems. Their flagship product, eTeeoff (www.eTeeoff.com), was launched to introduce golf industry merchants to a zero-cost way to create deals and offer their own electronic coupons. Marine Drive Mobile Corp. (MDMC.OB - News) announced today that the Company has signed a Joint Venture agreement with TapIn Solutions, LLC that will introduce an immediate sales channel to reach golf courses and other businesses for our flagship product eTeeoff.com.
Hudson Technologies, Inc. (NASDAQ: HDSN) reached up 11.41% in morning trading to $3.71 with 250K shares traded. Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson's proprietary RefrigerantSide® Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer's site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide® Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer's system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets. Hudson Technologies, Inc. (NASDAQ: HDSN - News) today announced that revenues for the three months ended March 31, 2012 increased more than 7% to $14,854,000 from $13,818,000 in the comparable 2011 period. Hudson reported a gross profit margin of 40% for the first quarter of 2012 compared to 27% in the first quarter last year. The Company also reported net income of $2,509,000, or $0.11 per basic share and $0.10 per diluted share for the first quarter of 2012, compared to net income of $1,088,000, or $0.05 per basic share and $0.04 per diluted share for the first quarter of 2011. Income tax expense of $1,538,000 and $667,000 for the first quarter of 2012 and for the first quarter of 2011, respectively, is largely a non-cash item as a result of the Company’s deferred tax asset.
Cleantech Solutions International, Inc. (NasdaqCM: CLNT) reached up 9.98% in morning trading to $5.51 with 450K shares traded. Cleantech Solutions is a manufacturer of metal components and assemblies, primarily used in clean technology industries. The Company supplies forging products, fabricated products and machining services to a range of clean technology customers, primarily in the wind power sector. Cleantech Solutions is committed to achieving long-term growth through ongoing technological improvement, capacity expansion, and the development of a strong customer base. Cleantech Solutions International, Inc. (NasdaqCM: CLNT) today announced that the Company has received purchase orders to supply flanges to a wind power customer and an industrial customer for an aggregate amount of $1.9 million.
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