November 2008 - Page 16 of 76

ThursdayNov 13, 2008 11:01 am

NetSol Technologies, Inc. (NTWK) Has another Strong Quarter

NetSol Technologies, Inc., global provider of financial and other enterprise software solutions and business services, today released positive first quarter 2009 financial results. Quarterly revenues increased 7.5%, to $9.3 million, over the same period last year. Part of this was due to a 33% increase in license fees to $2.5 million. In addition, GAAP net income increased approximately 18%, to $1.0 million, from the same period last year. Another measure of the company’s operating trends is EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). NetSol reported EBITDA of $2.3 million for the quarter, a 21% increase over the $1.9 million…

ThursdayNov 13, 2008 10:59 am

China Opportunity Acquisition (CHNQ.OB) Announces Merger Agreement with Chinese Specialty Steel Company

China Opportunity Acquisition Corporation, a New Jersey investment company set up to search out and acquire or control a uniquely positioned Chinese operating business, announced success today in an agreement to merge with one of China’s leading specialty steel producers. The Chinese company is called Golden Green Enterprises, Ltd. (“BVICo”), and its steel producing subsidiary is called Henan Green Complex Materials Co., Ltd. (“Ge Rui”). Under terms of the agreement, BVICo will be the surviving entity, with Ge Rui’s current management team remaining in place. China Opportunity’s Chairman and CEO, Harry Edelson, will become a director of the combined company,…

ThursdayNov 13, 2008 10:17 am

Tri-Star Holdings, Inc. (TSHL.PK) Updates Shareholders with CEO Address

Today, Tri-Star Holdings released a shareholder update and address from CEO Anthony Mellone to answer the most common questions received from investors. Concerning the dividend, the Global TV Network was acquired from Tri-Star Holdings by a bulletin board company for restricted common shares in that company to be held and exchanged for Global TV Network shares upon the successful registered spin-off of Global TV Network. Because Tri-Star has not yet received the shares and the spin-off was not been completed in an acceptable time frame, management decided it would best benefit shareholders to retain the UC Hub Group shares as…

ThursdayNov 13, 2008 9:37 am

MyECheck, Inc. (MYEC.OB) Already Recognizing Positive Cash Flow Results In the Fourth Quarter

MyECheck, Inc. (MYEC.OB), a leader in providing electronic payment solutions, recently announced its third quarter financial results for the period of July 1 to September 2008 along with its unaudited interim October 2008 results. The company is able to provide merchants with a more cost-effective and secure method of processing customer payments via a patented solution that is far more efficient than traditional ACH processing methods. For the year-to-date period of January 1 to September 30, MyECheck recognized revenue of $325,892 in 2008 while it booked only $4,771 of revenue in 2007. The company actually realized a 41% quarter-to-quarter increase…

ThursdayNov 13, 2008 9:33 am

Changing Times Vitamins, Inc. (SGTB.PK) Recently Entered Into Distribution Agreement with Bob O’Leary Sports Science

Changing Times Vitamins, Inc. (SGTB.PK) recently announced that it has entered into an agreement with Bob O’Leary Health Food Distributors for the worldwide distribution of its innovative sports drink, RecoveryX. The unique beverage has been tailored to assist athletes and those leading active lifestyles recover from workouts and daily routines. The product contains ProAlgaZyme, a patent-pending algae derivative that has proven in clinical trials to reduce inflammation. “I'm very excited to be involved with a product in the ‘new recovery sector’ with clinical trials to back it up. I believe the combination of RecoveryX and BOSS will be a great…

ThursdayNov 13, 2008 8:44 am

China Rita Power Co. (CRTP.OB) Finishing 2008 Lead-acid Battery Expansion Plans, Telecom & Light Electric Vehicles Power Growth

The need for more advanced energy storage devices is becoming more and more apparent as alternative energy sources proliferate. The power generated by solar or other alternative energy sources needs to be stored efficiently. The old reliable lead-acid battery is still the battery of choice and provides the lion’s share of the work-load, but eventually other types of batteries will be needed. Until that time, lead-acid batteries will continue to hold their charge so industries and consumers can go about their business. China Rita Power Co., a lead acid battery manufacturing company, works to manufacture and market lead acid batteries…

ThursdayNov 13, 2008 8:09 am

Tank Sports, Inc. (TNSP.OB) is “One to Watch”

Tank Sports, Inc. is focused on designing, engineering and marketing high performance on-road motorcycles and scooters, in addition to recreational off-road motorcycles, all-terrain vehicles (ATVs), dirt bikes and Go Karts. Utilizing a worldwide network of contracted OEM suppliers and on site quality control teams, Tank offers a broad array of styles and engine displacements. According to the Motorcycle Industry Council, the U.S. market for motorcycles is $14.6 billion. All segments of this market have experienced a boost thanks to skyrocketing gas prices. In 2003, there were 8.8 million motorcycles in operation in the U.S., or 3 motorcycles for every 100…

ThursdayNov 13, 2008 7:06 am

Stratos Renewables Corp. (SRNW.OB) Announces Participation at Rohstoffmesse Equity Capital Conference

Today shortly after the opening bell, Stratos Renewables announced that Sanjay Pai, its Chief Strategy Officer, presented the company’s strategic business plan at the Rohstoffmesse Equity Capital Conference in Frankfurt, Germany. Mr. Pai is a recognized sugarcane ethanol expert and understands Peru’s potential for becoming a formidable supplier of ethanol. Mr. Pai stated, “Stratos is emerging as one of Latin America's most promising renewable fuel companies, and the reception from yesterday's audience reinforced our contention that there continues to be strong interest in renewable fuels from Latin America and other emerging markets.” He continued to say, "Based on the demonstrated…

ThursdayNov 13, 2008 7:03 am

Budget Waste Inc. Announces Record Date for Distribution of Gray Creek Stock

Budget Waste Inc. ("BWI") announces that the record date for the distribution of the 5,496,054 shares of Gray Creek Mining Inc. (OTC BB:GYCK.OB - News) that BWI received from the sale of Budget Waste Inc., Alberta to Gray Creek, as announced recently, will be November 14, 2008. Shareholders of record as of the close of the market on the record date will receive one (1) Gray Creek share for each twenty (20) BWI shares. BWI anticipates the distribution to be completed in 7-10 business days.

ThursdayNov 13, 2008 6:49 am

Crown Crafts, Inc. (CRWS) Announces 2nd Quarter Fiscal Year 2009 Net Income and Confirms Final Estimated Results for Fiscal Year 2009

Crown Crafts, Inc., a consumer apparel and products manufacturer, announced its results for the 2nd quarter of fiscal year 2009. Crown Crafts' fiscal year ends March 29 of each calendar year. For the 2nd quarter of FY 09, net income came in at $1,035,000 on net sales of $23.8 million. By comparison, for the 2nd quarter of FY '08, net income and net sales were $541,000 and $17.1 million respectively. Asked to comment on the results, E. Randall Chestnut, Chairman, President and Chief Executive Officer said "We are very pleased that we have nearly doubled our bottom line," Chestnut also…

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Month: November 2008