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TuesdayDec 30, 2008 9:02 am

Alliance HealthCard, Inc. (ALHC.OB) Recognizes Substantial Improvement in Financial Results

Alliance HealthCard, Inc. today announced its fourth quarter and year-end financial results. The company recognized double digit growth accross the board, including in revenue, gross profit and net income, for the 2008 fiscal year. The fourth quarter was also very successful with record sales and earnings. Highlights of the 2008 Fiscal Year include: -- 19% increase in revenue to $20.9 million -- Substantial improvement in gross profit to $9.8 million -- Net Income of $2.7 million -- $0.18 earnings per share versus ($0.47) per share loss -- Cash Flow from operations were up 63% to $3.3 million -- Stockholder equity…

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TuesdayDec 30, 2008 8:41 am

Airspan Networks, Inc. (AIRN) Chosen to Establish WiMAX Network in Okinawa, Japan

Airspan Networks announced today that Okinawa Telemessage Co. Ltd., a leading broadband access service provider in Okinawa, Japan, launched a WiMAX Network using their solutions to capitalize on the fast-growing demand for high-quality broadband services. According to the press release, Airspan’s solution was chosen for its flexibility, frequency band availability and the inherent cost-savings offered by wireless-based broadband infrastructure. Okinawa Telemessage plans on providing more than a half a million households in Okinawa Prefecture with high-speed broadband access. The WiMAX network deployment is well underway and once completed will consist of over two hundred Airspan base stations placed throughout Okinawa…

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TuesdayDec 30, 2008 8:30 am

General Motors Corp. (GM) Pushes for Sales, Offers 0% Financing

Today it was announced that General Motors will be offering financing as low as zero percent over the next week for several 2008 and 2009 models in an effort to accelerate a big year-end sales push. The news came after its financing arm was given $5 billion in bailout funds to stave off a bankruptcy protection filing. GM will offer zero-percent financing for up to 60 months on the 2008 Chevrolet TrailBlazer, GMC Envoy, Saab 9-7X SUV, as well as the Saab 9-3 and 9-5 sedans. Let us hear your thoughts below:

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TuesdayDec 30, 2008 8:19 am

Northfield Laboratories Inc.’s (NFLD) Application for PolyHeme Accepted for Filing and Granted Priority Review

Today before the opening bell, Northfield Laboratories announced that the U.S. FDA has approved the filing of the Biologics License Application (BLA) for PolyHeme®, the company’s investigative human hemoglobin-based red cell substitute developed to treat life-threatening red blood cell loss when red blood cells are not available. The company also announced that the FDA has chosen the submission for Priority Review, with the intention to review the application by April 30, 2009. Steven A. Gould, M.D., Chairman and Chief Executive Officer, stated, “Filing of our BLA for PolyHeme with Priority Review is a key milestone for Northfield. We are now…

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TuesdayDec 30, 2008 6:45 am

Exchange Media Corp. (EXMD.PK): Mobile Media Advertising’s Growing Importance

Any kind of media advertising requires the use of robust analytics to understand user-behavior and to better plan for future growth, and mobile advertising is no different. The need to advertise through mobile devices has become obvious with Global GSM and 3GSM subscribers reaching 3.48 billion. Jason Spero, vice president of marketing at AdMob, who demonstrated a free mobile-analytics tool at a recent Mobile Monday meeting, stated, “There seems to be a trend among the companies that have started early. Ringtones and other entertainment content comprise the largest chunk of mobile advertising, along with car ads, TV and movie promos,…

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TuesdayDec 30, 2008 5:58 am

Sector 10, Inc. (SECT.OB) MRU Unit is the Perfect Solution for Construction Sites

Construction sites and industrial buildings must comply with the requirements set by several government agencies, including OSHA, EPA, etc. Issues of concern range from safety to emergency preparedness. Emergency warning systems and first aid supplies are usually in place, but these systems are incomplete and the locations are difficult to find. Because of the large amounts of chemicals and large machinery at industrial sites, there is considerable risk for injury and death. Sector 10's mid-sized MRU units were designed to conform to government agencies' regulations and are customizable to respond to each risk event forecasted by the customer. Thanks to…

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TuesdayDec 30, 2008 5:34 am

Hybrid Technologies, Inc. (HYBR.OB) Distribution Subsidiary is Wholly Focused on Expanding the Brand

Hybrid Technologies USA Distributing Inc., a subsidiary of Hybrid Technologies, has made it their mission to bring new battery advancements and propulsion systems to the market. USA Distributing’s long term goals are to work directly with the manufactures that are representing the markets they have targeted as well as provide customers with an all inclusive solution. The company made sure their Training and Support would receive outstanding praise by offering comprehensive classroom and hands-on instruction covering production, assembly and integration, in addition to important business-building sales strategies. USA Distributing even assigns one of their own field representatives to provide valuable…

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TuesdayDec 30, 2008 1:55 am

MyECheck, Inc. (MYEC.OB) Keeps the Cash Flowing Without the Need for Paper

MyECheck, Inc. (MYEC.OB) is a leading electronic processor that provides an alternative for banks, merchants, and ecommerce sites to process payments. The patented and proprietary system was initially used to remotely create and clear checks (RCCs) for the safest, fastest, and most cost-effective manner for electronic payments. The company has expanded the system to launch additional services including remote deposit capture (RDC). MyECheck does not require a physical check from the payee for its processing. The system actually generates electronic checks that follow the Check 21 specifications, which allow merchants, banks, and companies to process these items. The system has…

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MondayDec 29, 2008 4:06 pm

December 29th CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: GERS, GNBT, SWYV, PCFG Given the developments of the past year, it should come as no shock that there was no holiday rally to usher in the New Year, but all things considered, things ended in a fairly tame fashion. The Dow ended the week down 64 points to close at 8515, bringing its year to date losses to 35.8%. The Nasdaq faired slightly worse, losing 34 to close at 1530, down 42.3% on the year, while the S&P 500 and Russell 2000 ended the week down 1.7% and 2% respectively. Despite…

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MondayDec 29, 2008 8:18 am

China 3C Group (CHCG.OB) Inks Definitive Agreement to Acquire Jinhua Baofa Logistic Ltd.

Today, China 3C Group announced that it has agreed to acquire 100% of Jinhua Baofa Logistic Ltd. ("Jinhua"), a well-known logistic company in Eastern China. The agreed amount for this transaction is RMB 120 million (approximately $17.4 million). The company anticipates completing the acquisition by March 31, 2009. Jinhua was founded in 2001 and currently employs about 350 people. With 280 customers and a fleet of more than 70 trucks, the company had sales of RMB 54.2 million (approximately $7.85 million), net income of RMB 11.7 million (approximately $1.69 million), and gross margin of 32.2% for the nine months ended…

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