Stockguru.com: Stocks to Watch for December 1, 2008 - NAEN, MSBT, DGTC, PFSD, ATTUF, and HYEG

Dec 01, 2008 (M2 PRESSWIRE via COMTEX) -- PFSD | Quote | Chart | News | PowerRating -- Our Stocks to Watch today include : North American Energy Resources, Inc. (OTCBB: NAEN), MedaSorb Technologies Corporation (OTCBB: MSBT), Del Global Technologies Corp. (OTCBB: DGTC), Pacific Sands Inc. (OTCBB: PFSD), Attunity, Ltd. (OTCBB: ATTUF), and Hydrogen Engine Center, Inc. (OTCBB: HYEG)

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North American Energy Resources, Inc. (OTCBB: NAEN | Quote | Chart | News | PowerRating) Shares traded up 6% at $0.53

North American Energy Resources, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, and development of oil and natural gas properties in the United States. It operates in the upstream segment of the oil and gas industry and offers drilling, completion, and operation of oil and gas wells in Oklahoma. The company also has an interest in a pipeline, which is used for gathering its gas and the gas production of other producers. North American Energy Resources, Inc. is based in Austin, Texas.

NAEN News Wednesday, North American Energy Resources announced that it has completed drilling the second well of its six well package in the Mississippi Chat formation at a total depth of 1,540 feet. The well will produce both oil and gas. The Company has installed an oil separator and tank battery on the Washington County, OK property and will begin collecting oil from the well. The gas production will be connected to the Company's 75% owned Apwash pipeline. Logs indicate an additional oil show in the Wayside formation. The Company may complete this at a later date after additional wells on the lease have been completed in the Mulkey and Wayside zones.

MedaSorb Technologies Corporation (OTCBB: MSBT | Quote | Chart | News | PowerRating) Shares traded down 20% at $0.04

MedaSorb Technologies Corporation, a development stage medical device company, engages in the research and development of an adsorbent platform technology for removal of toxins from blood and physiologic fluids. It develops CytoSorb, which is intended for use as an adjunctive treatment of sepsis (bacterial infection of the blood), which causes systematic inflammatory response syndrome. CytoSorb device is designed to achieve broad-spectrum removal of pro and anti-inflammatory cytokines, preventing or reducing the accumulation of high concentrations in the bloodstream. The company also intends to pursue the development of BetaSorb product that is intend to remove beta2-microglobulin from the blood of patients suffering from chronic kidney failure who rely on long term dialysis therapy to sustain their life. MedaSorb Technologies Corporation was founded in 1997 and is headquartered in Monmouth Junction, New Jersey.

MSBT News Wednesday, MedaSorb Technologies recognized the election of its Director, Edward Jones M.D. to President of the Renal Physicians Association. Dr. Jones is an attending physician at Albert Einstein Medical Center and Chestnut Hill Hospital as well as Clinical Professor of Medicine at Temple University Hospital. Dr. Jones is currently president elect and will officially take over as president in 2009. Dr. Jones is certified by the American Board of Internal Medicine. He is a practicing Nephrologist as well as medical director of a dialysis facility for Fresenius Medical Care. He teaches renal pathophysiology at Temple Hospital and at the Philadelphia College of Osteopathic Medicine. Dr. Jones has served on the Board of Directors of MedaSorb for the past 2 years. Al Kraus President and CEO of MedaSorb said, "It does not surprise me that Dr. Jones was elected by his peers. He is an outstanding physician and is dedicated to improving patient care." On behalf of the Directors of MedaSorb we congratulate him for achieving such a distinguished honor from his peers.

Del Global Technologies Corp. (OTCBB: DGTC | Quote | Chart | News | PowerRating) Shares traded up 4.80% at $0.985

Del Global Technologies Corp., together with its subsidiaries, engages in the development, manufacture, and marketing of medical and dental imaging systems, and power conversion subsystems and components worldwide. It operates in two segments, Medical Systems Group and Power Conversion Group. The Medical Systems Group segment offers medical and dental diagnostic imaging systems consisting of stationary and portable imaging systems, radiographic/fluoroscopic systems, dental imaging systems, and digital radiography systems. This segment sells its products under Del.Medical, Villa, UNIVERSAL, and DynaRad brands to hospitals, veterinary clinics, teaching institutions, chiropractic clinics, medical clinics, dental offices, private practitioners, military/government, orthopedic facilities, home health care providers, and imaging centers. The Power Conversion Group segment designs and manufactures electronic components, such as transformers, magnetics, noise suppression filters, and high voltage capacitors for use in precision regulated high voltage applications. This segment serves various markets, including guidance and weapons systems, communications, radar systems, military shelters, power systems, aerospace electronics, aircraft lighting systems, telecommunication electronics, induction heating, meteorological, telephone switching systems, radiation oncology, magnetic resonance imaging, X-ray, and CT imaging. It markets its products under RFI, Filtron, Sprague, and Stanley brand names. The company markets its products through in-house sales personnel, independent sales representatives in the United States; and international agents in Europe, Asia, the Middle East, Canada, and Australia. It also manufactures electronic filters, high voltage capacitors, pulse modulators, and transformers and reactors for industrial, medical, military, and other commercial applications. The company was founded in 1954 and is headquartered in Franklin Park, Illinois.

DGTC News Wednesday, Del Global Technologies announced financial results for its fiscal 2009 first quarter ended November 1, 2008. Consolidated net sales for the first quarter of fiscal 2009 decreased 16.6% to $22.3 million from $26.7 million in the first quarter of fiscal 2008, due to lower sales at the Medical Systems Group. Net sales at the Medical Systems Group declined 18.8% to $19.6 million from the comparable prior year period, due to decreased international sales volume attributable to an unusually favorable prior year shipment level on an international contract that was satisfied in full during the second quarter of fiscal 2008, partially offset by increased domestic medical equipment shipments. Sales at the Power Conversion Group ("RFI") during the first quarter of fiscal 2009 were $2.7 million, roughly equivalent to sales in the same period last year. Despite a decline in sales volume, consolidated gross margin remained relatively stable quarter-over-quarter at 23.8% of sales during the first quarter of fiscal 2009 as compared to 24.1% of sales in the first quarter of fiscal 2008. Gross margin at the Medical Systems Group during the first quarter of fiscal 2009 was 22.1% as compared to 22.7% in the prior year's first quarter, attributable to reduced international shipments, partially offset by increased margin on domestic shipments. Gross margin at RFI declined slightly to 35.7% from 36.5% in the first quarter of fiscal 2008. Total operating expenses for the first quarter of fiscal 2009 were essentially unchanged from the prior year period, but did include approximately $0.1 million of restructuring costs and travel expenses related to developing sourcing alliances in the far east. Research and development expenses in the first quarter of fiscal 2009 of $0.5 million was equal to research and development expense in the same period last year, reflecting Del Global's continued investment in new product development. Operating income for the first quarter of fiscal 2009 declined to $1.0 million from $2.2 million in the comparable period last year. Operating income at the Medical Systems Group declined to $0.9 million from $2.2 million in the first quarter of fiscal 2008 related to the volume reduction from international shipments and increased income from domestic operations. RFI generated operating income of $0.4 million, equivalent to operating income in the same period last year. Unallocated corporate expenses for the first quarter of fiscal 2009 totaled $0.3 million as compared to $0.4 million in the same period last year. Net income in the first quarter of fiscal 2009 declined to $0.6 million, or $0.02 per diluted share, from $1.1 million, or $0.04 per diluted share. For the first quarter of fiscal 2009, there were approximately 24.3 million weighted average common shares diluted outstanding as compared to 24.7 million shares outstanding diluted in the first quarter of fiscal 2008. The decrease in diluted shares outstanding was due to the impact of dilutive warrants that expired August 2, 2008 and the expiration of unexercised employee stock options.

Pacific Sands Inc. (OTCBB: PFSD | Quote | Chart | News | PowerRating) Shares traded up 13.33% at $0.034

Pacific Sands, Inc. develops, manufactures, markets, and sells a range of nontoxic cleaning and water-treatment products based on proprietary blended botanical, nontoxic, and natural chemical technologies. Its products include the ecoone Spa Treatment System product line that consists of various products designed to simplify maintenance and reduce the chemical load of consumer hot tub and spas; ONEShock, which delivers water sanitation to spas without the risk and dangers of exposure to powdered or liquid sanitizers; JetONE, a whirlpool and hot tub/spa plumbing cleanser that clears internal plumbing and equipment of buildup of chemical and biofilm deposits; and ecoone Pool Conditioner, a nontoxic additive that reduces pool maintenance. The company?s products also comprise All-Purpose Hose Filter that removes or reduces common water contaminants and hazards, including chlorine, lead, arsenic, mercury, DDT, hydrogen sulfide, VOC?s and organic contaminants, dissolved metals, and scale causing minerals; and e2-elemental earth branded cleaning product line designed to reduce chemical exposure to children and pets. In addition, it distributes Rain Forest Blue Bactericide/Algaecide for pools. Pacific Sands markets and sells its products directly over the Internet and through pool, spa, hardware, specialty, and other retail outlets in the United States, Canada, and Europe, as well as through distributors, manufacturers? representatives, and pool and spa industry distribution networks. The company was founded in 1994 and is based in Racine, Wisconsin.

PFSD News Wednesday, Pacific Sands reported net sales of $352,806 fiscal quarter ended September 30, 2008 compared with net sales of $179,807 in fiscal first quarter 2008. The company had a net loss of $64,912 or $0.002 on 39.2 million weighted average shares compared with a net loss of $53,829 or $0.002 in fiscal first quarter 2008 on 34 million weighted average shares. "We are very encouraged with the increasing market enthusiasm for the Natural Choices(TM) 'home safe' cleaning and laundry products, as well as our 'low chem' ecoone pool and spa water management systems," said Michael Wynhoff, president. "Direct consumer response is growing, and we have numerous retailers, distributors and marketing companies in the pipeline interested in selling our products as private label brands."

Attunity, Ltd. (OTCBB: ATTUF | Quote | Chart | News | PowerRating) Shares traded up 33.33% at $0.16

Attunity is a leading provider of real-time event capture and data integration software. Using our software solutions, Attunity's customers enjoy dramatic business benefits by driving down the cost of managing their operational systems, creating flexible, service-based architectures for increased business agility, and by detecting critical actionable business events, as they happen, for faster business execution. Attunity has supplied innovative software solutions to its enterprise-class customers for nearly 20 years and has successful deployments at thousands of organizations worldwide. Attunity provides software directly and indirectly through a number of strategic and OEM agreements with partners such as Microsoft, Oracle, IBM, HP and SAP/Business Objects. Headquartered in Boston, Attunity serves its customers via offices in North America, Europe, and Asia Pacific and through a network of local partners.

ATTUF News Wednesday, Attunity announced that its 2008 Annual General Meeting of Shareholders will be held on Wednesday, December 31, 2008 at 10:00 a.m. Israel time, at the offices of the Company, Kfar-Netter Industrial Park, Kfar-Netter, Israel. The record date for the meeting is November 27, 2008. The Company will send to its shareholders of record a proxy statement describing the various matters to be voted upon at the meeting, along with a proxy card enabling them to indicate their vote on each matter. The Company will also furnish the proxy statement to the Securities and Exchange Commission (SEC) on Form 6-K.

Hydrogen Engine Center, Inc. (OTCBB: HYEG | Quote | Chart | News | PowerRating) Shares traded up 6.67% at $0.16

Hydrogen Engine Center, Inc., a development stage company, engages in the design, manufacture, and distribution of spark-ignited internal combustion engines and power generator sets used in the industrial and power generation markets primarily in the United States and Canada. Its engines run on alternative fuels, such as gasoline, propane, natural gas, ethanol, and hydrogen. The company sells its engines and engine products under the brand name Oxx Power. Hydrogen Engine Center?s product line includes 4.9L, 6-cylinder Oxx Power engine, 4.9L, 6 cylinder Oxx Power Hydrogen engine, Oxx Power Power Units, 50kW Oxx Power Hydrogen Genset, 250kW 4 + 1 Hydrogen Genset, and Oxx Boxx Engine Controller. The company?s engines are used in various applications, such as airport vehicles, forklifts, wood chippers, irrigation pumping equipment, farm tractors and equipment, delivery vehicles, yard tractors, cranes, construction equipment, mining vehicles, and buses, as well as in electric power projects. It has a strategic alliance with Startech Environmental Corp. to utilize the by-product hydrogen gas created during the Startech plasmification waste treatment process to create electricity. The company was founded in 2003 and is based in Algona, Iowa.

HYEG News Wednesday, Hydrogen Engine Center announced that Ted Hollinger, founder and Chairman of HEC, has advised the HEC Board of Directors of his intention to relinquish his responsibilities as Chairman of the Board, member of the Board and his positions as Acting President and CEO of the Company. Mr. Hollinger wishes to stay with the company as Chief Scientist. Mr. Hollinger's decision to step down from his management and board positions with the company was prompted in large part by health concerns. Mr. Hollinger will devote his efforts to the maintenance and future development of HEC patents and other proprietary technology. "At present," said Mr. Hollinger, "I am unable to continue the general management of the company and still provide the energy required to pursue science and invention for the Company's benefit. When I realized I had to simplify my life, it was an easy decision for me to choose the role of scientist over the role of manager. I will continue to participate, on behalf of the company, in scientific meetings, investor meetings, and consultations to provide expertise and guidance as needed for continued growth and development of HEC's technology and other intellectual property." In response to Mr. Hollinger's request, the Board of Directors has named Michael Schiltz, currently the Vice President of Operations at HEC, as Acting President of HEC Iowa and HEC Nevada and has appointed Mr. Schiltz to the Board of Directors of those entities to fill the position vacated by Mr. Hollinger. The Board has also announced the appointment of David McManamy as the Interim Chairman of the Board for HEC Iowa and HEC Nevada.

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