Blog - Page 3545 of 5671

MondayFeb 14, 2011 4:00 pm

Tianyin Pharmaceutical Co. Inc. (TPI) Posts Q2 FY2011 Financial Results

Tianyin Pharmaceutical Co. Inc., a pharmaceutical company that specializes in patented biopharmaceutical, modernized traditional Chinese medicine, branded generics and other pharmaceuticals, today announced its financial results for the second quarter of fiscal year 2011. Revenue for the second quarter ended December 31, 2010, increased 69.6 percent to $25.3 million from $14.9 million in the second quarter of ended December 31, 2009. Cost of sales for the second quarter were $14.0 million, or 55.3 percent of sales, as compared to %7.2 million, or 48.3 percent of the sales quarter of 2009. Gross margin for the quarter ended December 31, 2010, was…

MondayFeb 14, 2011 2:45 pm

Kraton Performance Polymers, Inc. (KRA) Closes On Refinancing Deals

Kraton Performance Polymers, Inc. reported the closing of two recent capital market transactions with the proceeds used to refinance its existing debt obligations and provide additional liquidity for the company. Kraton Performance Polymers, Inc. issued $250 million senior notes in a private placement transaction with a group of institutional investors. The senior notes have a coupon of 6.75% and mature in 2019. The company said that due to strong interest from investors, the amount sold was raised from the original amount of $200 million. Kraton Performance Polymers, Inc. also secured a two part $350 million senior secured credit facility, including…

MondayFeb 14, 2011 2:44 pm

OXiGENE Inc. (OXGN) Enters into Collaborative Agreement with National Cancer Institute for Cancer Drug

OXiGENE Inc., a clinical-stage biopharmaceutical company focused on developing novel therapeutics to treat cancer and eye diseases, has entered into a cooperative research and development agreement with the National Cancer Institute's (NCI) Cancer Therapy Evaluation Program (CTEP) to collaborate on the conduct of a randomized phase 2 trial of OXiGENE’s ZYBRESTAT in combination with bevacizumab in patients with relapsed ovarian cancer. The goal of the trial is to determine if ZYBRESTAT, in combination with bevacizumab, will enhance anti-tumor effects and delay progression of the tumor compared to results of bevacizumab alone. The agreement calls for OXiGENE to provide ZYBRESTAT to…

MondayFeb 14, 2011 2:05 pm

Delta Oil & Gas, Inc. (DLTA) Gives Updates for Lonestar and King City, California

Delta Oil and Gas, Inc., the independent natural gas and oil company, recently reported to its shareholders an update on its King City and Lonestar, California prospects. On May 25, 2009, Delta Oil & Gas entered a Farm-out agreement with Sunset Exploration for the drilling and exploration of 10,000 acres of land in Monterey County, California. As terms of the agreement, Delta Oil will pay 66.67% of all costs expended in respect of the initial test well to earn a 40% Working Interest. On the wells, Delta agreed to pay 40% of the cost in order to earn a 40%…

MondayFeb 14, 2011 1:33 pm

Bohai Pharmaceuticals (BOPH.OB) Posts Record Q2 Results, Supported by Solid Sales and Chinese Government Support

Bohai Pharmaceuticals Group Inc., a China-based pharmaceutical company engaged in the production, manufacturing and distribution of Traditional Chinese Medicine (TCM) in China, today posted record second quarter fiscal 2011 financial results for the period ended December 31, 2010. Net revenues for the second quarter increased 32 percent to $22.2 million compared to the second quarter of 2009. Net revenues for the six months ended December 31, 2010, increased 27 percent to $39.2 million compared to the same period in 2009. Net income for the second fiscal quarter increased 100 percent to $6.5 million compared to the comparable quarter of 2009.…

MondayFeb 14, 2011 12:37 pm

Source Gold Corp. (SRGL.OB) Kicks Off 2011 Gold, Silver and Copper Exploration Program at Vulture Peak in Arizona, Roadmaps Canadian Operations

Source Gold, www.sourcegoldcorp.com – the mining and exploration firm currently focused on North America via substantial developments in Ontario and Arizona, today reported commencement of the planned 2011 exploration program at its Vulture Peak gold and silver property in Arizona. The wholly owned Vulture Peak claims are in Arizona’s beautiful Maricopa County near the town of Wickenburg. Lying adjacent to and encompassing much of the old Vulture Mine site, which historically produced some 390k oz Au and 280k oz Ag, the Source Gold claims consist of the: • Red Cloud claim, with existing mill and mine • Mohawk claims •…

MondayFeb 14, 2011 12:32 pm

Jamba Juice Inc. (JMBA) to Streamline Distribution to Midwest and Southeast United States

Jamba Inc. is a holding company which through its wholly-owned subsidiary, Jamba Juice Company, owns and franchises JAMBA JUICE stores. Jamba Juice is a leading restaurant retailer of better-for-you food and beverage offerings, including great tasting fruit smoothies, juices, teas, hot oatmeal, salads, sandwiches and other items. The company announced today that it has plans to form a supply chain distribution alliance with SYGMA, a national food service distribution company owned by Sysco (NYSE: SYY). The proposed alliance will enable Jamba to consolidate distribution channels and achieve greater efficiencies in their supply chain as well as position the company for…

MondayFeb 14, 2011 12:26 pm

For Simulated Environment Concepts (SMEV.PK), It’s Marketing Costs Down, Sales Up

One of the key points made in a recent shareholders talk given by Dr. Ella Frenkel, President and CEO of Simulated Environment Concepts, was the transforming effect on the company caused by changes in their sales and marketing approach. The increased publicity received by their flagship product, SpaCapsule®, together with their shift to a distributor based sales model, has dramatically increased global sales while reducing per-unit marketing costs. SpaCapsule, the company’s pioneering hydro-massage and personal sensory system, has been featured in the New York Times and other news publications, as well as in various prestigious catalogs, such as Hammacher-Schlemmer, Frontgate,…

MondayFeb 14, 2011 10:18 am

Raptor Technology Group, Inc. (RAPT.OB) Signs Agreement for a Biodiesel Manufacturing Facility

Raptor Technology Group, Inc., who is in the process of acquiring Raptor Fabrication & Equipment, Inc., announced on Friday that the company signed an agreement for a biodiesel manufacturing facility for their customer, Coastal Biofuel of Savannah, Georgia. The plant has the capability to produce one million gallons of clean biodiesel each year. Coastal Biofuel will convert used cooking oils, animal fats, and virgin vegetable oils into clean burning biodiesel fuel. Raptor expects the facility to begin biodiesel production in mid March of this year. Providing both the manufacturing and technology, Raptor will participate in the ongoing revenue stream of…

MondayFeb 14, 2011 10:15 am

IPG Photonics Corp. (IPGP) Anticipates Exceeding Q4 Predictions

IPG Photonics Corp., a leading manufacturer of fiber lasers and amplifiers, announced recently its preliminary financial results for the fourth quarter that ended on December 31, 2010. The Company rose its expectations for revenues from a previously guided range of $80-$86 million to a new approximation of $100 million. IPG Photonics expects its earnings per diluted share to be in a range of $0.53-$0.56, compared to its previous expected range of $0.30-$0.35. For 2009’s fourth quarter, IPG reported sales of $54.3 million and earnings per share of $0.07. “We expect to report more than 80% year-over-year growth in revenues and…

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