IWG Preserves Cash/Reports Small Third Quarter Loss

International Water-Guard (TSX-V: IWG)
Basic Shares: 39.3 million
Fully Diluted: 46.5 million

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The tightly-run ship that is International Water Guard (IWG) reported a relatively small third-quarter net loss of $125 thousand, largely due to the still unfavorable Canadian/US exchange rate.

Yet at the same time, it clung hard to working capital, keeping that at a $2.1 million level by only using $105 thousand since the beginning of the fiscal year for operations.

That's an achievement when sales were relatively flat compared to other periods and the declining US dollar value left the company with a 16% decrease in sales value to just over $1 million to the third quarter of last year.

"Overall, company sales in US dollar terms have remained relatively stable compared to 2009, but we are seeing that growth from new initiatives continues to be stalled until we are clearly out of the recession," said IWG President & CEO, David Fox.

Mr. Fox added that the company is continuing its work on, "initiatives toward future opportunities and growth."

In past news releases, Mr. Fox described some of those initiatives as an active search for mergers or acquisitions of other worthy companies and continuing development in new product areas from IWG's core technology - high-tech water storage and water treatment technology for aircraft.

To read the full news release please click here and to examine the full third-quarter financial report, please click here.

Carfinco - WOW!

Carfinco Income Fund (TSX:CFN.UN) Units issued: 23.9 million
Units fully diluted: 24 million
Current monthly distribution: $0.02
Q1/2010 special distribution: $0.04
Q2/2010 special distribution: $0.10
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Carfinco has done it again! The Income Trust set a new earnings record with the release of its Q2 numbers. This is the fifth record quarter in a row for the Fund.

Highlights include:

- Net earnings for the quarter were $4.3 million, up 144.0% from the $1.8 million for the second quarter of 2009;
- Earnings per fund unit for the quarter were 18 cents, or 72 cents on an annualized basis;
- Return on unitholder's equity for the quarter on an annualized basis was 69.2%;
- Total cash distributions to unitholders for the quarter were 16 cents per fund unit;
- Loan originations were $25.1 million, a 50.6% increase from the second quarter of 2009;
- Finance receivables were $125.5 million, increasing by 6.5% during the quarter;
- 31+ days delinquent accounts for the quarter were 3.3% a decrease of 32.7% from 4.9% at the end of the second quarter of 2009.

Finance receivables have grown more than management's stated goal of 15% to 20% this year as the first six months of 2010 grew 10.8% or 21.6% annualized.

During the first six months of 2010 the Fund has paid out 25.5 cents in cash distributions per fund unit held. Combining the monthly distributions with the special distributions, the Fund distributed an average of 4.25 cents per month for the first six months of 2010.This represents an 82.6% payout ratio of the distributable cash earned for the period and a payout ratio of 77.2% of the net earnings for the first six months of 2010.

Based on this, Carfinco believes it is well positioned to maintain its current monthly distribution of 2 cents per unit to Unitholders after it becomes taxable in 2011. It is also important to note that once Carfinco becomes a taxable entity in 2011, cash distributions to Unitholders will receive a more favorable personal tax treatment than is currently the case. Distributions paid after January 1, 2011 will be treated as eligible Canadian dividends for tax purposes, resulting in a lower effective tax rate in the hands of a taxable investor.

See full news release here...............

Investors Cheer AeroMechanical's Latest Contract For 34 Aircraft

AeroMechanical Services Ltd. (TSX:V-AMA)
Basic Shares: 103.6 million
Fully Diluted: 115.4 million

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Early investor reviews were uniformly thumbs up on AeroMechanical's Wednesday announcement about a contract to install its technology on a Scandanavian airline's fleet of 34 Dash 8 aircraft. The deal to outfit the fleet is worth $4.3 million (USD) over the term of the five-year contract.

While marketing activity by the company and press attention to AeroMechanical's (AMA) technologicial breakthroughs have been running at a fast pace this year, there haven't been a lot of bread-and-butter-contract announcements.

However, all that steady and necessary quiet homework AMA has been engaged in this year paid off with a contract to outfit an entire and large fleet of turboprop aircraft. This latest customer, which was not identified, typically launches over 300 daily flights to national and international airports. It's a very busy airline.

To read the full news release please click here.

Major Aviation Industry Publication Covers AeroMechanical

AeroMechanical Services Ltd. (TSX:V-AMA)
Basic Shares: 103.6 million
Fully Diluted: 115.4 million

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It doesn’t get much better than this.

In one week, AeroMechanical Services (AMA) has been in a host of main-stream, international media.

Stories also appeared in the influential industry publication, Aviation Week, and today AMA was featured in the aviation industry’s premier daily publication, SpeedNews.

And all because of AeroMechanical’s breakthrough of being able to stream back to earth the critical data flowing into an aircraft’s black box when an in-flight problem develops using patented technology owned by AMA.

Iridium, which has the largest constellation of satellites around the world that gives the only seamless global communications coverage available today, ran a test of AeroMechanical's breakthrough.

The tests were run on Airbus and Boeing airframes and released at the annual Farnborough International Air Show.

In addition to being able to provide the data about why an aircraft crashed when that plane's black box can't be found, Iridium concluded this breakthrough opened up the possibility for airlines to quickly examine that data in an effort to help save a troubled aircraft and provide ground crews with data to repair the aircraft when it lands.

Please click here to read the full Iridium study in SpeedNews.

AMA's Black Box Innovation Hits Press When Black Box Inventor Dies

AeroMechanical Services Ltd. (TSX:V-AMA)
Basic Shares: 103.6 million
Fully Diluted: 115.4 million

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The Australian inventor of the aircraft black box died the same week AMA's technological breakthrough of turning black boxes live won recognition in Aviation Week.

Black box inventor Dr. David Warren died in Australia at age 85.

Ironically, Dr. Warren had to push hard to get a skeptical and slow-moving industry to adopt an invention that has contributed enormously to aircraft safety.

AMA has faced the same challenges.

To read about Dr. Warren's life and challenges, please click here.

Today, Aviation Week published a story about Iridium featuring how AMA can stream data going into a black box back to earth.

Iridium is showing this to the international aviation industry at the Farnborough Air Show.

Please click here to read about the story headlined: Flight Data Recorders Could Go Online

A Business Update From Smartcool’s President

Smartcool Systems Inc.
(SSC: TSX-V)
Basic Shares 46.8 million
Fully Diluted 54.7 million
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George Burnes, President of Smartcool has released a business update discussing details on the company’s growth in 2010 and beyond.

The company is gaining global traction and delivering results through its multiple distributors around the world.

Toronto based Byron Capital Markets Al P. Nagaraj is Byron’s Special Situations analyst who has recently started coverage and written a detailed report on Smartcool. The full report is available within the Presidents Message including his rating of Smartcool as a Speculative Buy with a targeted stock price of $0.64.

Read full report here.......

Pure Nickel Releases Video Update On MAN, Alaska

Pure Nickel
(TSX: NIC)(OTCBB: PNCKF)
Basic Shares: 67.8 million
Fully Diluted: 75.5


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Today, Pure Nickel Inc. launched a video on its major exploration project in MAN, Alaska.

MAN Alaska

Two drills are currently operating with the 2010 summer drilling program expected to complete approximately 8,000 metres. Additional geophysical surveys are being conducted simultaneously and are being used to further define target selection.

The property is currently under a joint venture agreement with ITOCHU Corporation of Tokyo. On March 25, 2010 ITOCHU exercised its right to vest a 30% interest in the property in consideration for having funded US $6.5 million on exploration over the past two years, committing to a US $7.5 million budget for 2010, and paying a US $500,000 vesting fee.

To view the video click here

Carfinco Management Finalists In Entrepreneur Of The Year

Carfinco Income Fund (TSX: CFN.UN)
Units issued: 23.9 million
Units fully diluted: 24 million
Current monthly distribution: $0.02
Q1/2010 special distribution: $0.04
Q2/2010 special distribution: $0.10

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Carfinco has had its fair share of accolades in 2010 as a result of fund's exceptional performance but the biggest reason for the success has to be attributed to a strong management team.

Ernst & Young today announced that Tracy Graf, President & CEO and Troy Graf, VP & CFO are up for Entrepreneur of the year for 2010. It's nice to see the driving factor which is management get a pat on the back for all of the hard work and effort that went into building such a successful fund.

Ernst & Young have nominated Tracy and Troy as one of three nominee finalists in the category of Professional/financial services for the prairie region.

Winners will be announced at the annual gala banquet on October 14th held in Calgary.

See full news release here.......................