3D Diagnostic Imaging (LON:3DD) (3DD 6.5p / £11.08m)

This week 3D Diagnostic Imaging, a recent transfer from PLUS to AIM, announced that it had signed an exclusive European distribution deal for its CarieScan hand held device for the early detection and monitoring of tooth decay. The deal is with Orange Dental, a well established and respected European distributor of dental diagnostic and imaging devices, who will distribute the CarieScan product within Germany, Austria and Switzerland.  Germany reflects the largest potential European market for the device. The Company also confirmed   that it has now shipped its first products into the Canadian market following the signing of its exclusive distribution deal for the Canadian market in August 2010. We look forward to further updates from the Company as these arrangements convert into revenues.

Animalcare (LON:ANCR) Group (ANCR 162.5p / £32.96m)

Animalcare Group, supplier of pharmaceutical and other premium products and services to the veterinary industry, announced results for the 6 months to 31 December 2010. With revenues up by 12 per cent to £5.99m, and a 47 per cent increase in profit before tax to £1.38m, the Company appears to be yielding good results- increasing sales of high margin animal veterinary products underlines these figures, and demonstrates the strength in leadership by Stephen Wildridge, who took position as CEO in April 2010. Going forwards the Company is seeking to repay all borrowings by the end of Q1 2011, and is exploring a strong pipeline of opportunities which it intends to fund through operating cash flows.

Baobab Resources (LON:BAO) (BAO 22.25p / £37.07m)

Australia-based, UK listed Baobab Resources Ltd is on track to develop Mozambique’s first iron ore deposit, a move which could spur the creation of a steelmaking industry in the country’s central province of Tete, the Company’s Head of Exploration Iain Plews has said: “It is possible that there are ways to get to steel production here in Tete. Thermal power, hydro power and coking coal are in sufficient quantities”. He said the Company could be sitting on a resource base of around 1 billion tons of iron ore once all the exploration has been completed. BAO is prospecting for iron ore in the Tete Basin where several international mining companies are already developing mega coking coal projects for export. A steel industry…

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