May 2008 - Page 29 of 67

FridayMay 16, 2008 9:17 am

InnerWireless Gets $9.5 Million Boost

Silicon Valley Bank has provided $9.5 million in debt financing to InnerWireless, Inc., a provider of in-building enterprise converged wireless solutions. The company plans to use the financing to fuel its growth and meet increasing market demands. Silicon Valley Bank is a member of SVB Financial Group (SIVB). InnerWireless helps businesses from Fortune 500 companies to health care and hospitality maximize the power of their wireless investments, regardless of the technology. "Horizon" from InnerWireless makes it possible to unify virtually all wireless services onto one comprehensive and specifically engineered platform and guarantee wireless coverage for mission- and life-critical applications. InnerWireless'…

FridayMay 16, 2008 8:58 am

Gemini Explorations, Inc. (GXPI.OB) Estimates Costs to Move Forward Strategically

Gemini Exploration (GXPI.OB) is a mining exploration and development company focused on acquiring, developing, and maximizing natural resource properties. The company is currently working on two mining properties in Colombia, South America, which have underdeveloped gold mines. Gemini has an 80 percent share in La Tapata, located in Colombia’s El Bagre-Zargosa mining district. The property has a low percentage of gold resulting from the out-of-date equipment currently at the location. Gemini has prepared estimates on costs related to maximizing the property. The initial estimates total just above $1.9 million. The outlay to modernize the facility would make the difference between…

FridayMay 16, 2008 8:52 am

myPhotopipe.com, Inc. (MPPC.PK) Reports 1st QTR Operating Results

myPhotopipe.com, a web-based online provider of digital photo processing and related services, has released its operating results for the first quarter of 2008. According to the results, revenue for the three months ending March 31, 2008 rose 26% to $366,329, compared with revenues of $289,869 in the first quarter of 2007. The company’s gross profits also increased 42% to $270,373 (73.8% of revenues), compared to $189,864 (65.5% of revenues) in the first quarter of 2007. However the company reported a net loss of ($73,705) in the most recent quarter, versus a net loss of ($15,753) in the three months ended…

FridayMay 16, 2008 8:49 am

National Health Partners Inc. (NHPR.OB) Signs another 65,000 Members to its Health Care Program

As the U.S. government wrangles over a solution to health care costs, private companies and the public in general are moving forward towards that solution. The U.S. is famous for solving its own issues in a free market forum, and usually ends-up with a better solution than the federal government might create. Healthcare solutions are being found without the help of the government, and they appear to be making a profit. National Health Partners Inc., a health services company, offers health discounts on a membership basis to affiliate groups. Currently, the company has over 1 million health providers across all…

FridayMay 16, 2008 7:38 am

Morgans Hotel Group Co. (MHGC) Wants to be Your Oasis

When it comes to fancy getaways for some rest and relaxation, Morgans Hotel Group Co. (MHGC) works hard to provide clients with exactly what they need. They operate, own, or have ownership interest in, luxury hotels in the United States and Britain. Headquartered in New York City, Morgans lists on NASDAQ as part of the Lodging business sector. Morgans has the distinction of being an innovator in the hotel industry. They are credited with establishing and developing a growing part of the hotel sector called "boutique hotels". Boutique hotels offer personalized service and give clients a home-away-from-home feeling. Morgans provides…

FridayMay 16, 2008 7:35 am

Always a Place to Park with Standard Parking Corp. (STAN)

When you're heading for a place to park, there's a good chance that Standard Parking Corp. (STAN) is managing the parking facility. Headquartered in Chicago, Illinois, with satellite offices in other major North American cities, Standard Parking strives to get their customers parked at a variety of venues on a daily basis. As part of the Consumer Services sector, they trade on NASDAQ. They have a market capitalization of $399.8M and serve both public and private companies. They provide their services to managers and developers of major office buildings, residential and commercial properties, and shopping centers. They also serve other…

FridayMay 16, 2008 7:27 am

China Wind Systems Inc (CWSI.OB) Reports First Quarter 2008 Results

China Wind Systems Inc (CWSI.OB) manufactures and sells industrial equipment for use in the textile and energy industries in China. Since August 2007, the company has shifted its strategy to focus on the growing wind industry in China. It has begun to supply high-precision rolled rings to companies in the wind power industry through its subsidiary, Huayang Electrical Power Equipment. China Wind Systems has begun to make progress in this transformation to a wind energy company. In the 1st quarter 2008, the revenues generated from the sale of high precision rolled rings for the wind and electrical power industries climbed…

FridayMay 16, 2008 7:26 am

InfoSearch Media, Inc. (ISHM.OB) Employees Join Management in Pay Reductions

More and more we read in the news that many companies are laying off a percentage of their staff in order to make more profit, or as part of financial cutbacks. Some companies may offer employees a severance package and others may let them go with just a notice. But what about those employees who believe in the company and feel that the future outlook is bright. Would you agree with management to take a pay cut? The employees of the Internet search marketing firm InfoSearch Media did just that. According to the company, the majority of its 25 employees…

FridayMay 16, 2008 7:23 am

Destination Television, Inc. (DSTV.OB) – Reaching Captive Viewers in Some Unlikely Locations

Destination Television Incorporated (DSTV.OB) operates as a media production, promotion, and advertising company focusing primarily on the out-of-home digital signage industry in the United States. The company provides remote, custom-edited content and advertising delivery platforms to high traffic out-of-home locations, as well as delivering national, regional, and local advertising and short format entertainment content. Destination Television currently broadcasts Bar TV, Gym TV and Hotel TV, all of which air first-run movie trailers and new music videos which are strategically placed next to quality digital advertising, creating the company's unique brand of "advertainment". The company’s fastest growing network is Gym TV.…

FridayMay 16, 2008 5:02 am

China Precision Steel, Inc. (CPSL) Reports 231% Increase in Third Quarter Net Income

China Precision Steel, Inc. (CPSL), a precision cold-rolled steel processing company in the People’s Republic of China listed on the Nasdaq, reports net income of $4.6 million or 10 cents per share for the third quarter of 2008, an increase of 231% from the prior year. Revenues rose 61% year over year to $18.7 million. ''Our strong sales growth in exports of low-carbon, hard-rolled products and subcontracting work significantly increased our total revenue to a record level. We maintained our gross margin and saw a significant improvement in operating margin during the quarter, which flowed through to our bottom line,''…

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Month: May 2008