Every public company loves to put out good news and see the reflection in its stock price. The following three companies released positive news of some kind today or late yesterday and then watched as their stock prices closed very strong.eMagin Corporation (OTCBB: EMAN), developer and distributor of virtual imagining products, today announced its revised guidance for the second quarter of 2007 – now projecting $4.23 million – and estimates annual revenue of more than $16 million. According to a press release, the company has issued new software that will enable users of its Z800 3DVisor to save application-specific settings and create a virtual desktop accommodating multiple windows. Stock prices rose after the news today to $1.10, which is up 21 cents, or 23 percent, on volume of 347 thousand.
WaterPure International Inc. (OTCBB: WPUR) announced today it has placed an Atmospheric Water Generator evaluation unit in The Villages of Loreto Bay. WaterPure Atmospheric Generators extract moisture from the atmosphere through a condensation process and it transforms it into absolutely pure, healthy drinking water. UV rays from the sun help eliminate bacteria and viruses, resulting in pure, drinkable water for consumers. WPUR stock price increased 5 cents today, closing at 58 cents, which is a change of 9 percent.
Ocean Bio-Chem Inc. (NASDAQ: OBCI) reported its net sales for the second quarter of 2007 rose $1.3 million, to $5.3 million, up from $4.3 million from the same period last year. The company’s stock price rose 47 percent, up 82 cents, to $2.55 on the news of the 32 percent increase in quarter earnings. Sales so far for the fiscal year of 2007 have reached 9.7 million, an increase of 1 million from this time last year. Ocean Bio-Chem manufactures and markets a full line of maintenance and care products for boats, recreational vehicles, automobiles, motorcycles and aircrafts under its trademark name, Star brite.
Rapid Fitness Inc. (Pink Sheets: RPDI) announced today that its subsidiary, Amore TV Production, will soon luanch its (ISP) portal, an Internet solution provider. The stock price rose settled at 13 cents in afternoon trading, up 3 cents on an increase of 25 percent. Rapid also released a statement saying it will be taking its place among companies within the adult industry, releasing DVDs that have the potential to generate $80 thousand a month and increase its revenue structure.
