China Crescent (CCTR) increases $40 million profitable revenue forecast

China Crescent Enterprises, Inc. (OTCBB: CCTR) announced Monday that the Company is increasing its previous expectations for revenue growth in 2009, based on Hewlett-Packard year-to-date sales and World Bank growth forecast. In 2008, China Crescent reported over $40 million in profitable revenue from the resale and integration of Hewlett-Packard (HP), Sony, Lenovo, and other brand name technology companies into the Chinese market.

According to global market intelligence firm IDC, Hewlett-Packard’s market share in China increased from 10.9 percent in the last quarter of 2008 to 13.7 percent in the first quarter of 2009. Earlier this year, HP was in China to introduce a new line of thin client computers marketed toward business users. Philip Verges, China Crescent founder and board member, was in Chongqing for the launch. Perhaps more telling of HP’s long term interest in the Chinese market, the company launched a new manufacturing plant in Chongqing in October of last year.

Additionally, The World Bank has raised its 2009 economic growth forecast for China from 6.5 percent to 7.2 percent due to its government stimulus-driven investment boom. Ardo Hansson, the World Bank’s lead China economist, indicated that the government stimulus impact is bigger than expected.

On Friday of last week, China Crescent announced an on-demand webcast to preview an anticipated second quarter earnings per share increase, as well provide insight on overall revenue and net income growth for 2009. Share prices for CCTR have been on a sharp slide since hitting a high of 32 and a half cents in late March, to a dismal 3 cents, where stock prices have been hovering this week.

Helix Wind (HLXW) adds new member to board of directors

Helix Wind, Corp. (OTCBB: HLXW) announced today that the company had appointed Mr. Gene Hoffman to its Board of Directors, effective immediately. Share prices for the producer of clean and renewable wind energy have been climbing steadily for the past month, rapidly approaching $3.00 a share.

Hoffman has a long and impressive list of accomplishments prior to joining the Board. In 2003 he founded Vindicia, to address the need for on-demand subscription management solutions for online merchants, for which he still acts as the Chairman and Chief Executive Officer. Prior to 2003, Hoffman has been honored with the cover of Forbes Magazine as well as being named one of the 100 most influential entrepreneurs in technology in Upside Magazine’s November 2000 Elite 100. Furthermore, Hoffman holds a patent for his work with HTTP stream interception technology, and he has been a vocal and visable advocate for the distribution of music on the Internet.

Commenting on the addition of Hoffman to the Board, Scott Weinbrandt, Chairman and President of Helix Wind said, “One of our objectives is to build a strong management team and board of directors. The addition of Mr. Hoffman is a great step forward in this regard. We are extremely fortunate to have a person of his caliber on our team, as the knowledge and experience he brings will be of immense value to Helix Wind. We welcome and look forward to working with him as we execute on our business plan.”

Helix Wind, Corp focuses on renewable and clean energy, manufacturing and distributing small wind turbines designed to generate renewable electricity.

Pure Nickel, Inc. shares skyrocket 100 percent on news of drilling commencement

Shares prices for Pure Nickel, Inc. (TSX: NIC, OTCBB: PNCKF) doubled from Monday’s closing price of 15 cents a share to 30 cents on Tuesday, after the company announced it had commenced drilling on the MAN Alaska project.

Yesterday Pure Nickel released an update on drilling activites, which began on June 4th, for nickel on the MAN Alaska project, and also provided progress reports for Rockcliff Resources’ Tower project in Manitoba for copper, as well as reporting that it has staked new claims at the Rainbow project, Nunavut for gold.

Pure Nickel, and its project partner, ITOCHU Corporation of Tokyo, have both pledged to spend $7.5 million towards MAN Alaska, representing a 70 percent increase over $4.4 million budgeted for 2009. The MAN Alaska 2010 summer drilling program is expected to complete approximately 8,000 metres. The program will employ two fly drills drilling concurrently for most of the program. The first drill started turning on the Beta complex and the second will begin on the Alpha complex in mid-June.

Pure Nickel President and CEO, David McPherson commented, “As a result of the successful 2009 program we have identified high priority targets on both Alpha and Beta complexes for this summer’s program. Significant new perspectives have been developed from our geophysical work which included deployment of the ZTEM or Z-Axis Tipper Electromagnetic system, and extensive use of a new technology, Fluxgate Ground TEM.”

Since the end of the 2009 program, Pure Nickel has invested in advanced 3-D imaging software allowing the company to develop new 3-D models for the MAN project. These models are proving invaluable in increasing our understanding of the apparently deeply placed mineral anomalies hosted on the MAN property.