September 2008 - Page 44 of 61

TuesdaySep 09, 2008 5:19 am

MFRI, Inc. (MFRI) Reports Record Quarterly Sales, 67% Increase in Q2 Net Income

MFRI, Inc. (MFRI), a manufacturer of piping systems for oil and gas delivery, industrial heating and cooling devices, and industrial filtration products, reported strong second quarter financial results this morning. Revenues rose to $77.6 million, a quarterly record and an increase of 32% from $58.9 million reported a year ago. Net income set another quarterly record of $2.4 million, or 35 cents per share, an increase of 67% compared to $1.4 million, or 22 cents per share year-over-year. Backlog of unfinished orders was $189 million at quarter’s end. No analysts currently cover the stock. “Our expansion strategy led to strong…

TuesdaySep 09, 2008 4:47 am

Hybrid Technologies, Inc. (HYBR.OB) Hosts Celebrity Tour

Hybrid Technologies, Inc. (HYBR.OB), an emerging leader in the development of lithium-powered products worldwide, was pleased to host a media tour of its Research and Development facility in Mooresville, North Carolina for Emmy and Golden Globe nominee and newly appointed celebrity sponsor Alan Thicke. Best known as the Dad on “Growing Pains”, Thicke was able to take a complete tour of the 10,000 square foot facility, including an in-depth look at the development and production line. Not only was the actor impressed by the company’s accomplishments, but also raved about the Hybrid’s vehicle performance. “There is no compromise from the…

TuesdaySep 09, 2008 4:35 am

Nutrition 21, Inc. (NXXI) Reports Dramatic Improvement in Bottom Line

Nutrition 21, Inc. (NXXI), a producer of a broad portfolio of nutritional supplements, reported fourth quarter 2008 financial results this morning. Revenues were $11.0 million, a 5% decrease year-over-year and a 2% increase sequentially. EBITDA of $0.8 million represents the first positive EBITDA quarter since Q2 2005. Net loss was $0.9 million, or 1 cent per diluted share, compared to a net loss of $8.2 million, or 13 cents per diluted share, for the same period a year ago. One analyst expected the company to report a loss of 7 cents per share on $11.1 million in revenues. “The dramatic…

TuesdaySep 09, 2008 4:34 am

Lakeland Industries, Inc. (LAKE) Reports 7-Cent Beat for Q2 as Earnings Double

Lakeland Industries, Inc. (LAKE), a manufacturer of protective clothing and safety garments, reported second quarter 2009 financial results this morning. Revenues rose to $27.6 million, an increase of 27% year-over-year and a quarterly record. Net income rose 114% to $1.6 million, or 30 cents per share, compared to $0.8 million, or 14 cents per share a year ago. One analyst surveyed expected earnings of 23 cents per share. “This quarter again showed that Lakeland is clearly making progress in its overseas expansion and in translating that growth into strong bottom line results,” said Christopher J. Ryan, President and CEO. “After…

TuesdaySep 09, 2008 4:07 am

Brite-Strike Technologies, Inc. (BSTI.PK) Gives Law Enforcement Agencies Non-Lethal Options

With an estimated 800,000 full-time law enforcement officers employed in the United States, according to the most recent survey by the U.S. Department of Justice, these officers usually carry non-lethal weapons such as a flashlight, baton, and pepper spray. It is crucial that these brave law enforcement officers are equipped with the best and most advanced tactical products available. Brite-Strike Technologies, Inc. is a relatively new tactical weaponry company developing advanced self-protection products for not only police officers, but government agencies, the military, and citizens. Brite-Strike's Tactical Blue Dot Series incorporates all the feature that a patrol officer needs to…

TuesdaySep 09, 2008 4:04 am

JMAR Technologies Inc. (JMAR.OB): Laser-Guided Potential?

JMAR Technologies is a late-stage technology company specializing in the development and early commercialization of detection and laser-based technologies for nano-scale imaging, chemical and biological analysis, and fabrication. The company's two biggest product lines are the BioSentry system, a continuous, on-line, real-time monitoring system for detecting and classifying harmful micro-organisms in water; and the BriteLight laser, a diode-pumped, modular, solid-state laser product that produces soft x-rays through laser-produced plasma. The BriteLight laser product line is also used to provide laser sources for various applications, including spectrochemical analysis, nano-scale fabrication, microscopy, and soft x-ray source generation. JMAR also manufactures the DoublePulse…

TuesdaySep 09, 2008 4:02 am

JayHawk Energy Inc. (JYHW.OB): Searching for Resources to Help Solve America’s Energy Woes

JayHawk Energy (JYHW) is a development stage crude oil and natural gas company primarily exploring for the aforementioned resources in Colorado, Kansas and the surrounding areas. JayHawk owns interest in the Uniontown project covering 35,000 gross acres of non-producing coalbed methane natural gas reserves located in Bourbon County, Kansas. The company also shares 12 miles of common boundary with natural gas giant, Devon Energy, in Kansas. The land shared with Devon is roughly equivalent to 35,000 acres and is estimated to have as much as 78 billion cubic feet of natural gas. Devon, the largest independent gas producer in the…

TuesdaySep 09, 2008 4:00 am

MyECheck Inc. (MYEC.OB) Provides a Viable Online Alternative to Credit Cards for e-Commerce

MyECheck Inc. (MYEC.OB), a leading electronic transaction processor that provides alternative payment solutions to expensive credit card charges, provides a safe and viable alternative payment solution to credit cards for online commerce. Founded in 2004, MyECheck utilizes a patent-pending method of creating and clearing remotely created checks (RCCs) for exceedingly fast, secure and convenient payments. The company’s proprietary Check 21 solution creates a fast, safe and cost-effective means of processing online electronic payments. MyECheck continues to enhance its functionality and has been actively launching new services, including Remote Deposit Capture and POS solutions. MyECheck provides a full suite of comprehensive…

TuesdaySep 09, 2008 3:58 am

Smith & Wesson Holding Corporation (SWHC) Announces First Quarter Financial Results; CEO Discusses Growth in Key Segments

Smith & Wesson Holding Corporation (NASD: SWHC), the manufacturer of handguns, law enforcement products, and firearm safety and security products, recently announced its financial results from the fiscal first quarter ended July 31, 2008. Shares opened lower late last week after the company reported quarterly net income of $2.3 million, or $0.05 per fully diluted share, compared with $4.7 million, or $0.11 per fully diluted share, for the comparable period in 2007. Smith & Wesson’s president and chief executive officer, Michael F. Golden, commented on the company’s key growth segments during a conference call last week stating, “During the first…

TuesdaySep 09, 2008 3:57 am

Solar EnerTech Corp. (SOEN.OB) Buys 7.8% Stake in Silicon Company and Finalizes Supply Accord

Solar EnerTech Corp (OTCBB: SOEN) announced an equity purchase agreement with 21-Century Silicon, Inc, a privately-held Dallas-based polysilicon manufacturer. The company bought two million common stock shares for $1 million, with a provision to buy two million more if the first polysilicon that 21-Century ships meets quality specifications of the Shanghai-based Solar EnerTech. The first material polysilicon shipment is expected in the spring of 2009. A second, following element of the purchase agreement is a memorandum of understanding for a four-year deal to supply polysilicon for solar cells. 21-Century Silicon seeks the ability to manufacture solar-grade polysilicon at a lower…

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Month: September 2008