May 2008 - Page 46 of 67

ThursdayMay 08, 2008 8:21 pm

Infosonics (IFON) Reports 17% Increase in First Quarter Sales

Infosonics (IFON), a leading distributor of wireless handsets in South America and Central America, announced first quarter 2008 net sales of $68.3 million, compared to $58.4 million in the first quarter of 2007. The company sold a record number of handsets (923,000), and realized increasing penetration of its proprietary, higher margin, verykool® line. Net loss for the quarter was $413,000 or 3 cents per share vs. a net loss of $558,000 or 4 cents per share year over year. Sales in South America increased 32% to $46.8 million, while sales in Central America rose 97% to $21.4 million. Changes in…

ThursdayMay 08, 2008 8:16 pm

Propalms, Inc. (PRPM.PK) Signs Deal with Leading Specialty Distribution Company

Propalms, Inc. (PRPM.PK), a leading global provider of application delivery solutions for terminal services and virtual desktop infrastructures, recently announced that the company has added Hisco, Inc. to its growing list of clients. Hisco, Inc., a leading specialty distribution company that serves the electronic assembly and other industrial markets, has purchased 250 user licenses of Propalms TSE in order to quickly deliver applications to its employees and provide remote access to their files from anywhere. In business for more than 35 years, Hisco’s branch network is comprised of 25 global stocking locations, and the company’s supplier base includes world-class organizations…

ThursdayMay 08, 2008 8:14 pm

Western Standard Energy Corp. (WSEG.OB) Announces $15 Million Equity Investment

Western Standard Energy Corp., (WSEG.OB), an oil and gas exploration company, recently announced the signing of a $15 million Stock Issuance Agreement with Infinity Energy Investments to finance ongoing exploration and production strategies. Western Standard aims to secure and develop a portfolio of oil and gas properties throughout the central and western portions of the U.S. This agreement provides capital to Western Standard Energy Corp., rather than incurring new debt and thereby minimizing the immediate dilution effect that a large investment would bring. The investment funds will be paid in increments of $250,000 upon request by the company. This financing…

ThursdayMay 08, 2008 8:10 pm

Tower Group, Inc. (TWGP) Advises Brokerage Firms to Target IT Spending to Drive Revenue

Tower Group (TWGP) is a research and advisory services firm that focuses exclusively on the global financial services industry. The company is a wholly owned subsidiary of MasterCard Worldwide, and operates as a separate business entity with complete editorial independence. The company’s analysts and specialized advisors cover the business and technological issues impacting the entire financial services sector. New research from Tower Group asserts that targeted IT spending by brokerage firms can drive revenue in new asset classes and geographies, and gain order flow during periods of market volatility like the current one. Key opportunities for growth in today’s challenging…

ThursdayMay 08, 2008 8:08 pm

Rex Energy Corporation (REXX) Announces Closing of Public Offering of Common Stock

Rex Energy Corporation (REXX) is an independent energy company engaged in the acquisition, production, exploration and development of oil and gas. The company’s properties are concentrated in the Appalachian, Illinois and Permian regions. Rex Energy pursues a balanced growth strategy of exploiting its sizeable inventory of lower risk developmental drilling locations, pursuing its higher potential exploration drilling prospects, and actively seeking to acquire complementary oil and natural gas properties. Rex Energy announced that on May 5, 2008 the company closed the public offering of an aggregate 9.775 million shares of common stock. Four and a half million (4.5M) shares were…

ThursdayMay 08, 2008 8:07 pm

Transocean Inc. (RIG) Announces Multi-Year Contract for Enhanced Enterprise-Class Design Newbuild Drillship

Transocean Inc. (RIG) is the world’s largest offshore drilling contractor and a provider of drilling management services worldwide. The company possesses a fleet of 138 mobile offshore drilling units, plus nine ultra-deepwater newbuild units. The company’s fleet is considered one of the most modern and versatile in the world due to its emphasis on technically demanding segments of the offshore drilling business. Transocean owns or operates a contract drilling fleet of High-Specification Floaters, Midwater Floaters, High-Specification Jackups, Standard Jackups and other assets utilized in the support of offshore drilling activities worldwide. The company announced recently that one of its subsidiaries…

ThursdayMay 08, 2008 3:02 pm

TMNG Global (TMNG) Posts 42% Increase in Q1 Revenues

TMNG Global (Nasdaq: TMNG) today announced its results for the first quarter ended March 29, 2008. The company provides management consulting and software solution services to the global communications, media and entertainment industries. The company posted revenues for the first quarter of 2008 at $21.5 million, up 42.5 percent from $15.1 the same quarter last year. The increase is attributed to the company’s acquisitions of TWG Consulting and RVA consulting, as well as growth in software solutions and management consulting. “Solid revenue growth and improved profitability in the quarter demonstrate that our strategy of achieving increased scale through organic growth…

ThursdayMay 08, 2008 1:42 pm

Marini Brands Inc. (MRIB.OB) Coming to Shelves of a Liquor Store Near You

Marini Spirits is a wholly owned subsidiary of Marini Brands, and was formed when the company merged with Margrit Enterprises in April of 2007. The company has one simple goal; building a global company focused on the importation, sale and distribution of ultra-premium spirits and wines. The company has been around since 2001 and, in their brief 7 years of operation, has become well known among the world of luxury lifestyle spirits. The company’s flagship product, Marani premium Vodka, has received numerous accolades and awards from the spirit community. Most recently for 2008, Marani vodka won the prestigious global Diamond…

ThursdayMay 08, 2008 1:39 pm

OTCPicks Featured Company: Bionic Products, Inc. (BNPD.PK) Reports Tremendous Success with Promotional Campaign

Recent feedback has been greatly positive for Bionic Products, Inc.'s (OTC: BNPD) initial promotional campaign that covered the Tampa area. The company introduced Lady Pink and Bionic Products that targeted local nightlife, restaurants, and convenience stores. Samples were included, along with professionally designed brochures, business cards, product-specific flyers and signage on key professional private transportation vehicles like limousines. The company attributes the immense success to the strong interest shown by local business owners who seek innovative and trendsetting products to offer their customers. "This is the first of many promotional campaigns we intend to do this year. We have teamed…

ThursdayMay 08, 2008 1:37 pm

ImaRx Therapeutics, Inc.’s (IRMX) Core Product Acquired by Microbix Biosystems

ImaRx Therapeutics, Inc. (NASD: IMRX) has recently signed a letter of intent stating that Microbix Biosystems will acquire urokinase inventory and related company assets from ImaRx for $17 million in cash. Urokinase, an FDA-approved thrombolytic, is a treatment for acute massive pulmonary embolism. It has been commercialized for more than 20 years and has been used on more than 4 million patients. Since 2006, ImaRx has been selling urokinase for medical purposes since they acquired a four-year inventory of the product from Abbott Laboratories. The company's stock rose 154.62% on Wednesday. The terms of the agreement state that Microbix will…

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Month: May 2008