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OTC Journal Members:
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Energy Power (OTC BB: EYPSF) Announces
Six Month Numbers- Company Thriving in a Tough Economic Climate
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Energy Power, our big winner
in 2001, announced its six month fiscal results today. Investors should
be heartened by the company's demonstration of its ability to grow on both
the revenue and profit side in a challenging environment.
Despite the significant downturn
in both oil and natural gas prices, and the recessionary environment exacerbated
by the September 11 Attack on America, Energy Power
managed a 13% increase in revenues and an 80% increase in EDITDA earnings
for the first six months of fiscal 2002 (end of December).
Over the past year Energy Power
has developed a strong following in the market. Management's ability to
produce solid growth in both sales and earnings in an environment went
most companies are going backwards has put this stock on the map.
On February 15th the company announced
the abandonment of its LadyFern drilling site in British Columbia. The
stock dropped in concert at the time, as this was the potential "elephant"
that could have taken the stock into the $8 to $10 range. As a result,
the OTC Journal believes the stock has the potential to return to
the $6 level as commerce picks back up in conjunction with improving economic
conditions.
Despite the disappointment at LadyFern,
the company is generating growth in sales and profits in tough economic
times, and is earning its loyal shareholder base. To read the entire text
of the press releases, Click
Here.
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Diomed
(AMEX: DIO) in the News Again- Stock Rebounds Dramatically |
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Just when we think we're done publishing
on our latest idea for a few days, more news comes up on this company which
continues to put the stock solidly in the public spotlight.
As a result of today's events, Diomed
rebounded
sharply after last week's pull back and closed back above the $7 level,
up over 10% on the day.
Two events worth reporting happened.
Firstly, the New York Post, a world
recognized newspaper with a circulation of over 1.5 million, published
a favorable article on the company's recent entry into the public market.
Author Ben Silverman points out only 60 companies have filed to go public
this year, but solid companies are finding their way onto the National
Markets. Click Here
to read the entire article.
In addition to the NY Post article,
Diomed
issued a press release today concerning the addition of a new member of
the board of directors. Diomed revealed today that
Kim Campbell,
former prime minister of Canada, has been named to its board of
directors.
In addition to being the first woman
Prime Minister of Canada, Kim Campbell's credits include the following:
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Currently: Visiting Professor of Practice
at the John F. Kennedy School of Government at Harvard University.
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Former Canadian Minister of Justice
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Former Consul General of Canada
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Former Attorney General of Canada
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Former Canadian Minister of Defence
During her four year term as Counsel
General of Canada, Kim Campbell is probably best known as championing
the growth of the high tech and bio tech industries in her country.
It is anticipated that Ms Campbell
will take a very proactive role in helping Diomed expand its International
distribution network.
Click
Here to read the entire text of the press release.
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Larry
Abraham's Special Situation Report on Diomed |
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We covered this report in our weekend
edition. As promised, we have located a copy of this report in its entirety
on the Internet.
Simply Click
Here to read the entire report.
Charts Provided Courtesy
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