February 2009 - Page 12 of 21

FridayFeb 13, 2009 8:07 am

BigBand Networks, Inc. (BBND) Reports Strong Fourth Quarter and Fiscal Year 2008 Financial Results

Yesterday after the closing bell, BigBand Networks announced that total revenues for the fourth quarter of 2008 were $54.1 million, a 76% increase from the $30.7 million reported for the same quarter in the prior year. GAAP net income for the quarter was $7.3 million, or $0.11 per diluted share. This is a substantial improvement from the GAAP net loss of $13.8 million, or $(0.23) per share, in the fourth quarter of 2007. “We are pleased to report a solid quarter marked by record revenues from video products combined with tight expense management to achieve solid net income and positive…

FridayFeb 13, 2009 7:55 am

Seven Arts Pictures plc (SAPX) Begins Trading on the NASDAQ Capital Markets

Today marks Seven Arts Pictures plc’s first day trading on the NASDAQ Capital Market under the symbol: SAPX. Peter Hoffman, CEO of Seven Arts, commented, "The NASDAQ Capital Market® is viewed by many as the leading exchange for growth stocks. We are very pleased NASDAQ approved listing our common stock and we believe this move will enhance the visibility of our stock and provide improved access to institutional and retail investors." Let us hear your thoughts below:

FridayFeb 13, 2009 7:34 am

Electro-Optical Sciences, Inc. (MELA) Announces Positive Top-Line Results from MelaFind(R) Pivotal Trial

Early this morning, Electro-Optical Sciences, Inc. announced positive top-line results of its pivotal trial of MelaFind, a non-invasive, point-of-care instrument to assist in the early detection of melanoma, the deadliest form of skin cancer. The blinded study was conducted at seven centers across the US and included 1,831 pigmented skin lesions from 1,383 patients, making it the largest prospective study ever conducted in melanoma detection. The company is currently completing its Pre-Market Approval (PMA) application and anticipates filing it with the US Food and Drug Administration (FDA) in the near future. "MelaFind appears to be an excellent tool to help…

FridayFeb 13, 2009 7:21 am

Xplore Technologies Corp. (XLRT.OB) Recognizes Growth in Revenue during Last Quarter of 2008

Xplore Technologies Corp. announced that it generated revenue of $6,011,000 for the three months ended December 31, 2008; an 11% increase over the $5,394,000 reported for the three months ended December 31, 2007. The Company’s net loss was approximately $2,308,000 ($0.03 per share) and $2,287,000 ($0.03 per share) for the three months ended December 31, 2008 and 2007, respectively. Mark Holleran, President and CEO, commented, “Despite challenging circumstances in the marketplace, we have been able to grow revenues over the prior period. We believe our recent launch of our new generation of the iX104 enabled this growth. In these times…

FridayFeb 13, 2009 7:12 am

Bond Laboratories, Inc. (BNLB.OB) Appoints Two Former Coca-Cola Marketing Executives as President and Executive Vice President of Fusion Premium Energy

Bond Laboratories, Inc. announced this morning before the opening bell that it has added John S. Wilson and Scott Slocum to its management team. Mr. Wilson will assume the role of President of the Fusion Premium Energy brand, while Mr. Slocum serves as the Executive Vice President of Fusion Premium Energy, Bond’s wholly owned subsidiary. John Wilson has more than seventeen years of experience at both Coca-Cola and Coca-Cola Enterprises. Most recently, he was responsible for negotiating exclusive bottling agreements with national customers on behalf of all seventy-three of the Coca-Cola Bottlers in the United States. Scott Slocum joins Fusion…

FridayFeb 13, 2009 6:06 am

Stratos Renewables Energy Corp. (SRNW.OB) Taking Steps toward Fulfillment of Long-Term Sugarcane-Based Ethanol Goals

Stratos Renewables Energy Corp. has a two phase plan to dominate the sugarcane ethanol market in Peru, with intentions to become the lowest cost and leading producer of sugarcane ethanol in the region. The company plans to take advantage of the locally grown sugarcane feedstock, as well as the country’s free trade agreements with the United States and Canada to reach its goals. The first phase calls for the expansion and operation of ethanol production facilities. This includes developing the proper infrastructure, as well as a modernized and expanded mill and distillery. In September 2007, Stratos acquired the Estrella del…

FridayFeb 13, 2009 5:50 am

Cord Blood America, Inc. (CBAI.OB) Substantially Reduces Long Term Debt

Yesterday, Cord Blood America announced that $1 million of long term debt has been eliminated between January 1, 2009 and February 12, 2009. The company previously expressed its desire to reduce debt and strengthen its balance sheet in press releases and CEO interviews. Cord Blood America plans to continue its effort to further reduce debt throughout 2009. The company’s CEO Matthew Schissler stated, “It's a start. De-levering our balance sheet coupled with strategic growth and acquisitions are the primary goals for 2009. I'm certain shareholders would agree that removing debts will help put the company in a strong position for…

FridayFeb 13, 2009 5:34 am

Bald Eagle Energy, Inc. (BEEI.OB) Recent Acquisition of 6 Leases in Alaska’s North Slope Region

Approximately two weeks ago, Bald Eagle Energy Inc. announced that it acquired the exclusive right to drill for and produce oil and natural gas under six separate leases in Alaska's North Slope. The acquired leases include a 100% working interest with a net revenue interest of 78.33%. Together, the leases cover 18,418 acres. Andrew Harper, Bald Eagle's Chief Executive Officer, commented, “We are excited about the oil and gas exploration potential of these leases, which from a geological perspective are in a very favorable location. We see viable potential in this region for future development and the location of the…

FridayFeb 13, 2009 2:46 am

Axial Vector Energy Corp. (AXVC.PK) Makes Wind Power a Viable Resource in Regions with Light Winds

Even though fuel costs have dropped significantly, energy is still a main conversation point for consumers. As it is an essential part of the next U.S. administration’s platform, the development of alternative energy sources will continue to remain in the forefront of people’s minds. Axial Vector Energy (AXVC.PK) should play a key role in transforming harnessed energy, such as wind power, into usable electricity. Axial is a company that is focused on developing and licensing advanced internal combustion engines and power generators. The company’s engineering team has confirmed that its Axial Flux generator has identified advantages when used with existing…

ThursdayFeb 12, 2009 12:12 pm

Hunt Gold Corp. (HGLC.PK) Issues Update Regarding Stock Purchases by Joint Venture Company

Hunt Gold Corporation announced during November of last year that it had formed a Joint Venture Company, being a 50/50 partnership between Hunt Gold and a Mining Fund, to acquire shares of Hunt Gold’s Common Stock as a short to medium term investment. Today, the company reported their progress on the purchases: -- Total purchases to date by the Joint Venture Company now amount to 1,103,863,000 shares of "free trading" Common Stock. -- 156,983,000 "free trading" shares were purchased on November 17, 2008 at a price of US$0.00035 per share -- 196,880,000 "free trading" shares were purchased on November 26,…

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Month: February 2009