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FridayApr 30, 2010 3:26 pm

Preformed Line Products Company (PLPC) Reports 1Q 2010 Earnings

Preformed Line Products Company reported net income of $1.1 million, or $0.21 per diluted share, in the first quarter of 2010 ending 3/31/2010. The company earned $2.7 million, or $0.51 per diluted share, in the same quarter of 2009. Despite the drop in net income, Preformed Line Products Company reported an increase in revenue on a year over year basis, from $58.7 million in the first quarter of 2009 to $68.9 million in the quarter the just ended. Management expressed frustration with the fall in net income in view of the strong revenue increase and attributed the difference to an…

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FridayApr 30, 2010 3:24 pm

Weis Markets, Inc. (WMK) Announces 2010 Capital Budget

Weis Markets, Inc. announced a capital budget of $102.8 million in 2010, a 27% increase over last year. Weis Markets, Inc. said that the increased spending would be used to increase and update the store base of the company. This would include up to 3 new stores, 2 expansions and 23 remodeling of existing stores. The company would also use some of the extra capital to increase its investment in technology infrastructure to support the increased sales growth. David J. Hepfinger, the CEO of Weis Markets, Inc., said, “We have significantly increased our IT investments over the past two years.…

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FridayApr 30, 2010 2:52 pm

Vantage Drilling Company (VTG) is “One to Watch”

Vantage Drilling Company, an offshore drilling contractor, provides drilling services internationally with a focus on deep water and other high-specification drilling solutions. The company has built one the most experienced and dynamic teams in the industry with an unsurpassed safety program, premier offshore drilling performance, and a track record of exceptional results. The International Energy Agency (IEA) recently revised its figure for global oil demand upward, now forecasting that oil demand will reach an average of 86.60 million bpd this year, a new record high. As in-land oil fields are continually depleted and demand rises in emerging economies, oil producers…

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FridayApr 30, 2010 1:10 pm

Delta Mutual, Inc. (DLTZ.OB) Acquires Huge Lithium Deposit in Argentina

Delta Mutual, Inc., a company committed to increasing holdings in the energy sector; starting oil wells in Argentina’s Salta province near Güemes; and teaming up with major oil and gas firms in order to grow its sector footprint and asset production capacity, happily announced this morning the acquisition of a huge Lithium deposit which also contains other resources. Lithium is a primary essential substance used in the manufacturing of long lasting batteries which see used in every industry, and in nearly every consumer product on the market, from cell phones to electric cars and solar cells, typically fetching a very…

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FridayApr 30, 2010 12:21 pm

Dussault Apparel, Inc. (DUSS.OB) Expands to Launch Online Store and Receives Additional Order from LIDS

Dussault Apparel, Inc. announced yesterday that they have further developed their website to now include an online store. The web address for this new area is www.dussaultonlinestore.com. The store will feature the Dussault line of high-end apparel including custom designed hoodies, jewelry, t-shirts, hats and leather goods. In the press release, Jason Dussault, CEO of Dussault, was quoted as saying, "In the territories we have a retail presence, the consumer response to our line has been terrific, I believe that this added consumer access to the line will be a significant driver of Dussault brand identity, additionally I believe it…

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FridayApr 30, 2010 12:12 pm

Pyramid Oil Co. (PDO) Reports Increased Revenue Even as Latest Horizontal Exploration Well Comes up Short

As unfortunate as the recent oil drilling events in the Gulf of Mexico are, there are benefits for some established oil and natural gas development companies. These companies often find their fortunes rising and falling with the price of oil and natural gas. An investor that can find an oil and gas company which can meet demand as prices flux in the face of current events is one that will profit nicely if played correctly. Pyramid Oil Company, an oil and natural gas exploration and development company, works to find and exploit crude oil resources in California, New York, Texas…

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FridayApr 30, 2010 11:58 am

Visteon Corp. (VSTNQ.PK) Posts 43% Sales Increase in Q1 Financial Results

Visteon Corp., an automotive systems, modules and components manufacturer, today posted its first-quarter 2010, reporting solid improvement over last year’s first quarter. For the first quarter of 2010, Visteon reported total sales at $1.9 billion, including product sales of $1.85 billion and services revenue of $58 million, a 43-percent increase over last year’s first quarter. The company attributes the increase to higher production and new business wins, increased regional sales, as well as a boost from foreign currency. Gross margin for the first quarter was $418 million compared with $45 million a year earlier. Visteon reported net income for the…

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FridayApr 30, 2010 11:56 am

Aquentium, Inc. (AQNM.OB) Announces Global Distribution Opportunities

One company that is quickly becoming a friend to the environment and investors on Wall Street is Aquentium. A diversified publicly traded company, Aquentium is dedicated to bringing energy saving solutions and technologies to U.S. and global companies. Today, Aquentium made the announcement that it will offer distribution opportunities of non-chemical sanitation and water treatment equipment for use in countries throughout Europe. Aquentium will showcase their Ozone non-chemical sanitation and water treatment equipment which is designed to improve food and water safety standards both domestically and internationally. Ozone is generated from oxygen and is non-toxic. Ozone provides a high level…

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FridayApr 30, 2010 9:44 am

Universal Detection Technology (UNDT.OB) Inks Deal with EMG-911 SEC to Extend Market Reach

Universal Detection Technology develops early-warning monitoring technologies designed to protect from bioterrorism and infectious health threats. The company has secured relationships with NASA and other Homeland Security-related entities and today announced its partnership with Emergency 911 Security Inc. (EMG-911 SEC), a full-service security and EMS Contractor. EMG-911 SEC is within the 5 percent of government contractors awarded a small business determination 8(a), a designation that allows the federal government to sole source contracts. EMG-911 SEC is certified to receive sole source and limited contracts of up to $35.5 million dollars per year in sales. UNDT said in the press release…

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FridayApr 30, 2010 9:42 am

Artfest International, Inc. (ARTS.OB) To Purchase Multi-Million Dollar Picasso Sculpture

Artfest International, Inc. announced today that it has agreed to terms and will be purchasing an original Pablo Picasso sculpture titled “Rendering of Francoise Gilot” directly from the artist’s personal collection. Picasso, born in Spain in 1881, completed the wooden sixty-by-twenty-seven sculpture in 1949. Per the agreement, Artfest will pay $2.5 million in cash and issue 50 million warrants at $1 per share. Francoise Gilot was a staple in the collection of artwork by Picasso in the 1940s after the two met in Paris. The demand for original Picasso’s depicting Gilot has remained high to this day with prices ranging…

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