Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s January 28, 2011, and we’ve found 4 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.

Avalon Reports Increase in Indicated Resources in the Nechalacho Rare Earth Elements Deposit, NWT

Avalon Rare Metals Inc. (TSX:AVL)(NYSE Amex:AVL)

RELEASED YESTERDAY

provide an update on development work on the Nechalacho Rare Earth Elements ("REE") deposit, Thor Lake, NWT. In particular, all the data from the 2010 summer definition drilling program has now been compiled into the deposit block model and the 43-101 compliant resource estimates have been updated accordingly (Tables 1a and b). As expected, this resulted in a significant increase in the proportion of Mineral Resources in the Nechalacho deposit that can be classified as Indicated.

The updated resource estimate for the key Basal Zone part of the deposit has resulted in an increase in Indicated Mineral Resources to 57.49 million tonnes grading 1.56% TREO1 with 20.72% HREO/TREO using the base case $260 Net Metallurgical Return (NMR) cut-off. This compares with the Indicated Resources of 20.45 million tonnes grading 1.75% TREO with 23% HREO/TREO reported for the Basal Zone in the September 2010 update (for the Tardiff Lakes and West Long Lake areas combined).

It should be noted that this increase will not necessarily influence the decision on production rate, which will ultimately be determined by sales volumes estimates rather than resource size.

Avalon Rare Metals is a Canadian mineral exploration and development company with a primary focus on the rare metals and minerals, headquartered in Toronto, Ontario, Canada.

Avalon's primary asset is the 100% owned, advanced development stage project, Nechalacho Rare Earth Element Deposit located in the Northwest Territories, Canada. Avalon believes that Nechalacho is one of the highest quality undeveloped REE deposits in the world, unique in its exceptional enrichment in the heavy rare earths. Avalon also owns four other rare metals and minerals project in Canada, of which three are at advanced stages of development.

Last Sale: 5.74 52 Week Range: 1.90 - 8.14 Market Cap: 531.56M

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Star Navigation Signs Agreement with Esterline CMC Electronics

Star Navigation Systems Group Ltd. (TSX VENTURE:SNA)

RELEASED YESTERDAY

announce that it has entered into a Memorandum of Agreement ("MOA") with Esterline CMC Electronics Inc. ("CMC") of Montreal, Quebec. This agreement was principally agreed at the NBAA 2010, and completed recently.

With this MOA, Star and CMC have plans to cooperate in the establishment of an integrated turn-key solution for Original Equipment Manufacturers ("OEM") based on Star's STAR-ISMS™ In-Flight Safety Monitoring System software coupled with CMC's PilotView® EFB System, applications and aircraft integration services. CMC will then promote the resulting solution to OEM's and select customers within the Air Transport and Business Jet Markets as part of its cockpit systems offerings.

This agreement also provides for cooperation for a wider range of avionics integration and avionics equipment solutions to meet the customers' requirements.

About Star Navigation: (www.star-navigation.com)

Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STAR-ISMS™, the first system in the world to feature in-flight data-analysis, monitoring and diagnostics with a real-time connection between aircraft and ground. Its real-time capability of tracking performance-trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator.

About Esterline CMC Electronics: (www.cmcelectronics.ca)

Esterline CMC Electronics has achieved an international reputation for innovation and excellence in the design and manufacture of electronics products for the commercial and military aviation markets. CMC's focus is on delivering innovative cockpit systems integration and avionics solutions to its customers worldwide. Its principal locations are in Montreal, Quebec; Ottawa, Ontario; and Chicago, Illinois. CMC is a wholly owned subsidiary of Esterline Corporation (NYSE:ESL)(www.esterline.com), a specialized aerospace and defence company headquartered in Bellevue, Washington, that employs over 9,000 people worldwide.

Last Sale: 0.26 52 Week Range: 0.12 - 0.57 Market Cap: 47.01M

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China BAK Reports First Quarter Fiscal Year 2011 Financial Results

HENZHEN, China, Jan. 28, 2011 /PRNewswire-Asia/ -- China BAK Battery, Inc. ("China BAK", the "Company", or "we") (Nasdaq:CBAK - News), a leading global manufacturer of lithium-based battery cells, today announced its financial results for the first quarter of fiscal year 2011 ended December 31, 2010 ("Q1 2011").

Recent Achievements and Highlights

• Revenue increased 26.5% year-over-year and 14.3% quarter on quarter (Q1 2011 compared to Q4 2010)
• Revenues from high-power batteries more than tripled sequentially in Q1 2011 due to robust demand for batteries used in Energy Storage Solutions
• Gross margin improved to 15.7% in the first quarter of fiscal 2011 from 9.5% in the previous quarter
• Reported another quarter of positive cash flow of $18.4 million from operating activities, reflecting continued progress in the Company's turnaround plan
• Days Sales Outstanding declined to 126 days from 134 days last quarter and Days Sales of Inventory declined to 110 days from 115 days in the previous quarter
• In November 2010, Chery Automobile Co., Ltd. officially launched its first Lithium-ion solution EV, Ruilin M1, powered by China BAK's lithium-ion phosphate batteries at the 25th World Electric Vehicle Symposium and Exposition
• BAK International (Tianjin) Limited ("BAK Tianjin"), the Company's wholly-owned subsidiary, received a subsidy of approximately $7.5 million for its automated high power lithium battery project in December 2010

Business Outlook

In fiscal 2011, China BAK expects to further penetrate into the rapidly growing EV market, strengthening its existing market position. The Company also intends to be certified by additional OEM customers in the prismatic battery packs segment.

About China BAK Battery Inc.

China BAK Battery, Inc. (NASDAQ:CBAK - News) is a leading global manufacturer of lithium-based battery cells. The Company produces battery cells that are the principal component of rechargeable batteries commonly used in cellular phones, notebook computers and portable consumer electronics such as digital media devices, portable media players, portable audio players, portable gaming devices, and PDAs. China BAK Battery, Inc.'s production facilities, located in Shenzhen and Tianjin, PRC, cover over three million square feet and have been recently expanded to support the production of larger batteries for various types of vehicles.

Last Trade: 1.8952 Week: 2.68 – 1.33Market Cap: 120.23 Million

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Sunvalley Solar Awarded New Solar Installation Contract in Imperial, CA

WALNUT, Calif., Jan. 28, 2011 /PRNewswire via COMTEX News Network/ --

Sunvalley Solar, Inc. (OTC Bulletin Board: SSOL), a leading provider of solar power technology and solar integration systems, announced that it has signed a commercial solar installation contract with Crop Production Services in Imperial, California ..

The 45.6 Kilowatt solar power system is comprised of 480 solar panels from Tianwei Solarfilms and one 50KW solar inverter from PV Powered. The total contracted value is approximately $209,760. The contract is supported by ~$100K of solar incentive rebates from the local utility company and ~$63K of Federal Tax Cash Grants from the Federal Treasury Department.

The solar system is expected to generate 77,673 Kilowatt hours of electricity annually. During the peak months of May through October the system will generate surplus power and earn credits with Imperial Irrigation District Utility, offsetting the less sunny winter months.

The installation for Crop Production Services Inc. will begin in early 2011.

About Sunvalley Solar, Inc.

Sunvalley Solar, Inc. is a leading solar system solution provider that offers comprehensive solar energy technology, system design, installation, equipments, and technical support for electrical contractors, builders, homeowners, businesses/commercial buildings, and government entities that assist them in lowering of utility bills, reducing environmental impacts, and increasing energy reliability and independence through solar energy. Located in Los Angeles, California, Sunvalley Solar, Inc. is committed to reducing the world's carbon foot print from traditional energy sources to make renewable sources such as solar the nation's mainstream source of power.

Last Trade: 0.019852 Week: 0.51 – 0.0033Market Cap: 15.84 Million