March 2010 - Page 13 of 39

TuesdayMar 23, 2010 7:05 am

Emtec, Inc. (ETEC.OB) Welcomes Brian Mandel as Executive Vice President, Public Sector

Yesterday, systems integrator Emtec, Inc. announced that the company has expanded its management team to include Brian Mandel as its new Executive Vice President, Public Sector. The Public Sector division includes Federal, State, Local and Education clients. It specializes in IT transformation and optimization consulting, business service management, enterprise architecture, data management and systems integration services. In his new role, Mr. Mandel will oversee the growth of Emtec’s Public Sector Revenues. Regarding his new appointment, Mr. Mandel commented, “I am truly delighted to join Emtec and be part of such a talented team. I’ve met with the leadership of each…

TuesdayMar 23, 2010 7:03 am

Valley National Bancorp (VLY) Expands Deposit, Asset and Loan Portfolios through Acquisition

Valley National Bancorp (VLY) has acquired the deposits and part of the assets of Liberty Pointe Bank from the Federal Deposit Insurance Corporation (FDIC). The FDIC was named receiver for Liberty Pointe Bank after the bank was closed by the New York State Banking Department on March 11, 2010. Valley National Bancorp entered a loss sharing agreement with the FDIC as part of the transaction. Under that agreement, Valley National Bancorp assumed approximately $200 million in deposits, and $180 million in loans. The FDIC agreed to share losses with Valley National Bancorp on the loan portfolio up to an undisclosed…

TuesdayMar 23, 2010 7:01 am

Apco Oil and Gas International, Inc. (APAGF) Reports 2009 Net Income Flat with 2008

Apco Oil and Gas International, Inc. reported net income of $23.5 million, or $0.80 per share, in 2009. This was about flat with the net income of $23.8 million, or $0.81 per share, reported for 2008. Apco Oil and Gas International, Inc. reported revenue of $72.7 million for 2009, up from $69.1 million in 2008. The company attributed the increase to higher oil and gas sales and higher realized prices for natural gas, offsetting weak year-over-year oil prices. Ralph Hill, the CEO of Apco Oil and Gas International, Inc., said, “Our track record of successful drilling in our core properties…

MondayMar 22, 2010 3:55 pm

New Market Technology, Inc. (NWMT.PK) Listed on Regulation SHO List

New Market Technology, Inc., a leader in providing system integration, technology infrastructure services and emerging technology worldwide, issued a press release today to announce that on March 18th it was listed on the Regulation SHO “security threshold” list. A "threshold security", as defined in Rule 203(c)(6) of Regulation SHO, is “any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days: • There are aggregate fails to deliver at…

MondayMar 22, 2010 3:51 pm

Access to Money Inc. (AEMI) Posts Significant Increase in EBITDA Fueled by New Initiatives and Programs

Access to Money Inc., a leading non-bank ATM operator, today posted a significant increase in adjusted EBITDA, select financial results, and other operational updates for the fourth quarter and full year ended Dec. 31, 2009. For the fourth quarter ended Dec. 31, 2009, net sales were $6.8 million compared with $6.8 million in the same quarter last year. The company reported transaction-based sales for the quarter at $19.8 million compared to $20.4 million in the 2008 fourth quarter. Operating income for the fourth quarter 2009 was $1.2 million, up from an operating loss of $19.5 million reported in the fourth…

MondayMar 22, 2010 1:51 pm

We Save Homes, Inc. (WESA.OB) Software Selected by Attorney Home Protection Services

We Save Homes, Inc., the sole publicly traded loan modification, loss mitigation and short sale software company assisting US homeowners by providing mortgage risk managers with web-based software that enables a collaborative online environment, announced today a key and strategic partnership with law services sector, default mortgage specialist, Attorney Home Protection Services, APC (AHPS). Under terms of the agreement, WESA will receive a $250 tech fee per transaction, up to $2500 per short sale, which could mean huge numbers down the road looking at the data from Fannie Mae and Freddie Mac, which are projecting increased defaults out of the…

MondayMar 22, 2010 1:46 pm

Newport Digital Technologies, Inc. (NPDT.OB) Launches Wireless LED Digital Signage Solution

Newport Digital Technologies, Inc., a leading digital solutions provider specializing in the three most quickly emerging technology segments – RFID, WiMax, eLearning, and LED Digital Signage/Lighting – recently announced a 3G-ready LED digital signage solution capable of streaming high definition video or audio. With the ability to use a modular approach for output, the solution will accommodate 50-inch to stadium-size displays and feature a digital content management system which allows the end user to run the entire thing from within a browser on their laptop over AT&T, WiMax, and Wi-Fi networks. Developing bleeding-edge technology like this is nothing new for…

MondayMar 22, 2010 1:32 pm

Beacon Equity Research Featured Company: American Exploration Corp. (AEXP.OB)

American Exploration Corp. is an independent oil and gas exploration company focused on the exploration and development of oil and gas prospects with the potential for discovery of new or unconventional hydrocarbon resources. The company was founded by a highly experienced management group who understands the urgent need for American energy independence. American Exploration recognizes the range of opportunities to tap into previously unknown or inaccessible domestic energy resources as a result of dramatic changes in recovery technology. Leveraging valuable legacy relationships and technical insight, founding management has identified new areas with major discovery potential where the company can participate…

MondayMar 22, 2010 12:30 pm

National Automation Services, Inc. (NASV.PK) Aims to Become the Nation’s Leading Automation and Control Systems Integrator

National Automation Services Inc. is a company focused on designing, engineering, installing and maintaining advanced control systems for a wide variety of industries. These industries include water treatment, waste water treatment, power plants, bottling plants, breweries, airports, metals and mining, food processing, plastics, textiles and many other production activities. The market leaders in the $500 billion global automation controls market include Siemens, Honeywell, Johnson Control and others. In the tier below the multinationals, it is estimated that there are about 300 local and regional firms in the United States providing automation control services. In general, these smaller firms have an…

MondayMar 22, 2010 12:27 pm

EcoloCap Solutions Inc. (ECOS.OB): Maximizing Green Technology for More Efficient Batteries

Exponent, a leading engineering and scientific consulting firm located in Phoenix, AZ, has posted results that prove EcoloCap’s main technology efficiency, in their new batteries, is greater than 99%. EcoloCap’s battery only requires only a small amount of Lithium, a main component of Lithium-ion batteries. EcoloCap’s batteries’ usage of Li is relatively small compared to the competition. Lithium, being an expensive precious metal, is an increasing cost in the production of consumer and industrial batteries. Not only does EcoloCap’s battery cut materials costs, their batteries replace their competitor’s batteries at a ratio of 1:100. “Ecolocap’s one single cell can replace…

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Month: March 2010