April 2010 - Page 18 of 37

FridayApr 16, 2010 3:20 pm

United Financial Bancorp, Inc. (UBNK) Reports Higher Net Income Adjusted for Acquisition Costs

United Financial Bancorp, Inc. reported net income of $1.8 million, or $0.11 per diluted share, for the first quarter of 2010. This was down slightly from the $2.1 million, or $0.14 per diluted share, earned in the first quarter of 2010. United Financial Bancorp, Inc. said that excluding acquisition costs of approximately $1 million, net income would have shown a strong improvement on a year over year basis. The management of United Financial Bancorp, Inc. attributed the better performance to higher fee income, growth in total assets and margin expansion. The bank also bought back stock during the quarter, helping…

FridayApr 16, 2010 2:39 pm

Micro Identification Technologies, Inc. (MMTC.OB) Poised to Dominate Rapid Microbial Contamination ID Markets with new MIT 1000 System

Micro Identification Technologies Inc. is the developer of the revolutionary MIT 1000, a laser-based rapid microbial analysis system that harnesses the power of light-scattering technology and image recognition database software to identify, with unprecedented accuracy, various species of pathogenic bacteria, in record time, and at a fraction of the cost of traditional methods. This device was created to fill the overwhelming demand for rapid identification of microbial contamination that exists within the healthcare and food industries, but also has multiple other applications in markets like clinical diagnostics, drinking water, pharmaceuticals, and semi-conductors. Data from a Centers for Disease Control and…

FridayApr 16, 2010 2:25 pm

EGPI Firecreek, Inc. (EFIR.OB) Reports $4M Rise in Assets, Provides Status Update on West Texas Three Well Program and Ongoing Acquisitions

EGPI Firecreek, Inc., through its wholly-owned subsidiary Firecreek, is focused on rehabilitating and enhancing production methodologies in order to yield greater efficiency from existing fields while actively engaging in the acquisition of oil fields with proven reserves. The Company today provided a status update on its West Texas Three Well Program (the Program) with Whitt Oil and Gas, Inc., (the Operator), in addition to evaluations currently underway. With imminent production capacity from the Program, EFIR was able to report a $4M increase in assets on the Company’s recently filed 10-K for FY 09 (ended Dec 31). Rehab of the Program’s…

FridayApr 16, 2010 12:45 pm

New Leaf Brands, Inc. (NLEF.OB) Expands Distribution in Asia

New Leaf Brands, Inc., based in Orangeburg, NY, announced yesterday that they have extended their presence in Asia. The New Leaf beverages are now being sold at Central Food Retail Company Limited, the largest supermarket chain in Thailand. In January of 2010, New Leaf’s beverages began selling in Hong Kong, Taiwan and Shanghai, China. This new agreement further strengthens their foothold in the Asian markets, but as New Leaf’s CEO, Eric Skae, puts it only begins to “scratch the surface of our presence in Asia." Central Food will be selling six of the New Leaf Brand flavor teas in their…

FridayApr 16, 2010 12:43 pm

China Solar & Clean Energy Solutions (CSOL.OB) Posts FY 2009 Results

China Solar & Clean Energy Solutions Inc. manufactures and distributes solar water heaters and space heating devices and provides renewable energy solutions in the People's Republic of China. The company today reported its financial results for the full year ended December 31, 2009. China Solar posted revenue at $26 million for the full year ended December 31, 2009, as compared to $42 million for 2008, a decrease of $15 million or 37 percent year-over-year. The company attributes the decrease primarily due to the disposal of Shenzhen Pengsangpu Solar Industrial Products Corporation (SZPSP) paired with the continuous decrease in the sales…

FridayApr 16, 2010 12:40 pm

Sino Green Land Corp. (SGLA.OB) Posts Solid Q4, FY 2009 Financial Results

Sino Green Land Corp., a leading agricultural distributor of high-end fruits and vegetables in the People's Republic of China, today reported its financial results for the fourth quarter and full year ended December 31, 2009. Revenue for the fourth quarter ended December 31, 2009 increased 130.2 percent to $36.6 million compared to $15.9 million for the fourth quarter of 2008. Gross profit increased 165.2 percent to $3.8 million for the quarter as compared to $1.4 million for the fourth quarter of 2008, representing gross margins of approximately 10.25 percent and 8.90 percent, respectively. Operating income increased 403.9 percent to $2.9…

FridayApr 16, 2010 11:48 am

Eternal Image, Inc. (ETNL.OB) Sales Increase 32%

Eternal Image, Inc., upon filing their 10-K report with the Security and Exchange Commission (SEC), has announced the results of their 2009 filing. Overall sales increased 32% when compared to 2008. For the first time in the company’s brief history, Eternal Image, established in 2006, posted a positive gross profit of more than $100,000 for the year. Eternal Image is a marketer of licensed brand image funerary products, including caskets and urns that are endorsed by such companies as Major League Baseball and the Vatican Observatory Foundation, to name but a couple. Eternal Image Chief Executive Officer, Clint Mytych, was…

FridayApr 16, 2010 11:10 am

PLC Systems (PLCSF.OB) Receive Notices of Allowance for RenalGuard®

PLC Systems Inc., a Massachusetts based medical technology company, announced today that the U.S. Patent & Trademark Office had issued Notices of Allowance for two of the company’s patent applications associated with its innovative RenalGuard® technology. The company expects U.S. patents to be issued within several months. The company is expected to continue work with the U.S. Patent Office, as well as patent organizations in other countries, to advance more patent applications relating to RenalGuard, including pending patents for the RenalGuard product and associated fluid balancing techniques and systems. RenalGuard Therapy® is designed to reduce the toxic effects of contrast…

FridayApr 16, 2010 11:07 am

Artfest International, Inc. (ARTS.OB) Increases Revenues by Over $2 Million

Artfest International Inc. brings together artists, designers, art galleries, investors and private collectors. The company sells art and sports memorabilia through its subsidiaries including ArtFest Direct, Art Channel Galleries and Charity Sports Distributor. Artfest International today announced its financial results for the year ended December 31, 2009. The company reported it generated $2,470,878 in operating revenues in the twelve months ended December 31, 2009. This is sharply higher than the $141,626 it generated last year. In fact, it is a 1,645% gain. The increase in revenue is due to the increased sales of art and sports memorabilia through its three…

FridayApr 16, 2010 10:33 am

MedQuist Inc. (MEDQ) and CBay Inc. Get Approval for Acquisition of Spheris

Located in Mount Laurel, NJ, MedQuist has grown into a leading provider of medical transcription services and a leader in technology-enabled clinical documentation workflow. Today, MedQuist announced that they have teamed up with their majority shareholder CBay Inc. to purchase substantially all of Spheris Corporation’s assets. Spheris is a leading global provider of clinical documentation technology and services. Approved by the United States Bankruptcy for the District of Delaware, MedQuist will acquire the assets of Sperhis while CBay will acquire the stock of Spheris India Private Limited, a subsidiary of the parent company. The companies expect the transaction to close…

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Month: April 2010