Polymer Group, Inc. reports completion of its transaction to purchase a 40 percent minority stake in Dominion Nonwovens Sudamericana, S.A. (PGI Argentina) from its partner, Guillermo E. Kraves with terms of the transaction undisclosed.

PGI Argentina has been operating as a joint venture since 1997. The company is located near Buenos Aires, Argentina and began operations with multi-beam spunmelt lines which serve the hygiene and industrial markets of the Mercosur region. PGI then purchased a majority share of the business in 1999 with a focus on growing business in the Mercosur region as part of its overall hygiene leadership strategy in Latin America. In 2003, PGI added an extrusion line and most recently installed new wide-width, multi-beam line which features the latest spunbond technology and has a capacity of over 15,000 metric tonnes per year.

PGI’s chief executive officer, Veronica (Ronee) Hagen, commented on the purchase saying, “This investment is

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Toyota Motor (TM) has released its plan to raise production in the U.S. for its pickup trucks as well as fuel-efficient cars by the end of 2009. A recovery in the housing sector and an immense demand generated by the Cash for Clunkers program are the key factors behind the increase in production. Toyota ’s full-sized pickup truck Tundra and mid-sized pickup truck Tacoma saw excellent sales in August. Tundra had its best monthly sales of the year at 7,872 units. Meanwhile, Tacoma sales were up 5% year-over-year to 12,547 units. The increase suggested an improvement in housing demand, as pickups are essentials in the construction industry. Toyota will raise manufacturing capacity of the Tacoma at a California plant. In the meantime, Tacoma production will be shifted to San Antonio, Texas (where Tundra pickups are produced) to ease the transition. Over the coming months, production of ...

AuthenTec is a global provider of touch-powered technology applicable to PCs, cell phones and other devices, creating a “smart fingerprint” solution for Web sites, online social networks and digital identity.

The company announced the expansion of its Shanghai operations, naming Dr. Lunji Qui as vice president and general manager of AuthenTec China, which is the base of operations for the company’s software, sales and technical support. Dr. Qui’s various notable positions with Atrua Technologies, Broadcom China, and Motorola in Singapore position him to lead all aspects of AuthenTec China, including business development, software expansion, customer support, and marketing and sales.

Scott Moody, AuthenTec chairman and CEO, said Dr. Qui’s background in fingerprint sensor solutions will enhance the company’s steps to take advantage of global opportunities.

“We are extremely pleased to appoint Dr. Qiu to lead our business development efforts and our growing software development team in China,” Moody stated

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Beacon Enterprise Solutions Group, Inc. is a global leader in the design, implementation, and management of high performance Layer 1 network solutions. The company provides advanced IT solutions with a commitment to the proactive optimization of client companies’ operations. Trading on the OTCBB, Beacon has their corporate headquarters in Louisville, Kentucky. In addition, they have offices in Cincinnati and Columbus, Ohio; Zurich, Switzerland; and personnel in Mangalore, India.

The company provides rapid deployment, broad spectrum, fully integrated IT programs with state-of-the-art, next-generation design, engineering, installation, and managed services. They offer fully integrated turnkey solutions capable of fully servicing the largest companies in the world. Beacon offers telecom infrastructure design, software development, as well as voice/data/security system integration, system installation, and maintenance. They also provide long distance, VoIP, and Internet access service.

Beacon’s client roster includes state and local agencies, educational institutions, and over 4,000 companies ranging in size from mid-sized companies

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GigOptix Inc. is a leading fabless manufacturer of high-speed electronic devices, including polymer electro-optic modulators, modulator drivers and laser drivers. The company today announced it is offering samples of the LX8400, its 40G DPSK Mach-Zehnder modulator, created from its proprietary Electro-Optical (EO) polymer technology.

The company is targeting the fastest growing segment of the telecom modulator market, the 40G modulator segment, an area expected to grow from $13 million in 2009 to $105 million in 2014. To position itself as a competitive player in the market, the company has developed the LX8400 modulator, but stated that it anticipates producing additional products to strengthen its portfolio.

“This is just the first part that we are readying for the telecom market. The small-form factor of the LX8400 will enable our customers to create very compact 300 pin transponder designs. We are working on a number of other devices to ensure we offer

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DrStockPick.com Stock Report!

Wednesday August 5, 2009

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SpongeTech(R) Delivery Systems, Inc. (”SpongeTech(R)”) “The Smarter Sponge(TM)”, (OTCBB: SPNG), announced today that the Company has signed a multi-year partnership agreement with the Tampa Bay Buccaneers. As the team’s newest Pewter Partner, SpongeTech(R) will focus primarily on exclusive marketing opportunities targeting Buccaneer fans across the Tampa Bay area.

Warren Resources, Inc. (Nasdaq:WRES) today announced its 2009 second quarter financial and operating results. The Company reported a net loss of $9.2 million, or $(0.16) per diluted common share, for the second quarter ended June 30, 2009. The second quarter results include a noncash unrealized mark-to-market loss of $9.8 million from oil and gas hedges entered into

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Universal Tracking Solutions Inc. is an enterprise solutions based provider of telemetry and GPS fleet systems. The company is focused on the profitable mid-level GPS fleet tracking space in North America and provides its customers with unparalleled mapping technology that is considered to be the best in the industry.

It is always important for a company to have a solid board of advisors to help guide them. Universal Tracking has a trio of strong advisors with diverse business backgrounds and experience. Here are brief biographies of the company’s advisors:

Don M. Schilling – Mr. Schilling is currently the director for implementation and engineering of the “broadband over power lines” or BPL project for Mountain Telecommunications Inc. His responsibilities include equipment design and installation of BPL facilities for delivery of services to residential customers of Mountain Telecommunications’ power company partners. Mr. Schilling has previously

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GigOptix Inc., a leading provider of electronic engines for the optically connected digital world, announced this morning before the opening bell that their contract with DARPA MTO has been extended. Under the terms of the agreement, low driving voltage, broadband Mach-Zehnder (MZ) modulators will be fabricated using GigOptix’s Electro-Optic (EO) polymer material for operation at very low temperatures for applications in supercomputers. The extension increases the total value of the contract to approximately $6.1M and opens new areas of use.

“Due to their intrinsic properties, the EO materials incorporated in GigOptix’s high speed polymer modulators have the potential to operate not only with low driving voltage but also at very low temperatures. Our technology is capable of effectively addressing all these requirements simultaneously,” said Dr. Raluca Dinu, Vice President and General Manager of GigOptix-Bothell business unit.

He added, “We are excited that GigOptix’s EO polymer technology has once more proven its

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