Blog - Page 3624 of 5656

TuesdayNov 02, 2010 8:10 am

Vibato Implements Robust Internal Controls for Worldwide and Manufacturing USA, Inc. (WEMU.OB)

Today, Vibato released news regarding the recent implementation of a robust internal controls framework for Worldwide Energy and Manufacturing USA, Inc. The framework was implemented at the company’s California headquarters and four additional subsidiaries located throughout China. The products will establish a comprehensive, scalable set of controls and procedures to support Worldwide's Sarbanes-Oxley, Section 404(a) and (b) compliance requirements. Vibato performed an on-site implementation that included a risk assessment, best-practice controls implementation and risk mitigation, segregation of duties analysis, and complete supplemental documentation. Training, language translation, and remediation assistance were also provided. This scalable approach provides standardized controls across locations,…

TuesdayNov 02, 2010 8:09 am

Kansas City Life Insurance Company (KCLI) Reports Third Quarter Results

Kansas City Life Insurance Company reported a slight decline in net income for the third quarter of 2010 ending September 30, 2010. Management attributed the decline to lower investment income, higher income tax expense and increased amortization of certain intangible accounts. Kansas City Life Insurance Company reported net income of $4.5 million, or $0.39 per share, in the third quarter of 2010. The company reported net income of $5.2 million, or $0.45 per share, in the same quarter of 2009. Kansas City Life Insurance Company said that investment income declined due to the persistent low interest rate environment, which reduced…

TuesdayNov 02, 2010 8:07 am

RAM Energy Resources, Inc. (RAME) to Sell Non Core Oil and Gas Properties

RAM Energy Resources, Inc. reported that the company has signed an agreement to sell oil and gas properties to a private exploration and production company. RAM Energy Resources, Inc. will sell the company’s properties located in Texas, including those in the Barnett Shale and Boonsville, for $43.75 million in cash. The sale is expected to close in December 2010, with an effective date of October 1, 2010. RAM Energy Resources, Inc. said that the properties are located mostly in Jack and Wise Counties, and contained proved reserves of 26.4 billion cubic feet equivalent as of 12/31/2009. This was 13% of…

TuesdayNov 02, 2010 7:58 am

eDoorways International Corp. (EDWY.PK) Announces Multi-Million Dollar Financing Agreement

Today, eDoorways International Corp. announced that they have signed a financing agreement with O.T. Hill and Associates where O.T. will purchase up to $2 Million of the company’s common stock. “The folks at O.T. Hill know a good investment when they see it, and we are excited to work with them for our ongoing funding needs,” commented Gary Kimmons, President of eDoorways International Corporation. “Since our transition to fully-transparent, we have received positive feedback from investors and shareholders, not to mention a flurry of investment offers,” Kimmons continued. “We are happy to provide eDoorways with the funding required to expand…

TuesdayNov 02, 2010 7:56 am

True 2 Beauty, Inc. (TRTB.PK) Adds 39,000 Square Ft Building to Expand Production

True 2 Beauty, Inc., a leading manufacturer and distributor of sexual potency pills and liquid products, announced this morning that the demand for the "Libigrow" family of products continues to grow. In response, the company has acquired a 39,000 square foot building for the expansion of production. Located in City of Commerce, California, the new building provides enough space to allow the company to expand its product production up to a maximum of twenty million pills per month. Alex Hbaiu, President and CEO of True 2 Beauty, Inc., stated, "We continue to work around the clock producing our 'best in…

MondayNov 01, 2010 3:59 pm

Coastal Pacific Mining Corp. (CPMCF.OB) is “One to Watch”

Trading on the OTCBB, Coastal Pacific Mining Corp. is focused on exploring, developing and mining gold and silver resources in North and South America. The Company, as their main focus, will joint venture with companies having reserves to develop and produce. The Company’s corporate philosophy is to participate with companies who are in the later stage of exploration and ready for development. Their goal is to become one of the leaders in actively mining prospects that have already been discovered and take them into production. Coastal Pacific Mining Corp. has their Hotstone Gold Property. The Hotstone Gold Property consists of…

MondayNov 01, 2010 2:00 pm

SkyShop Logistics (SKPN.OB) Selects TransMedia Group to Execute Public Relations Campaign

SkyShop Logistics, formerly known as SkyPostal Networks Inc., is the largest private postal network in Latin America. The company today announced it has retained TransMedia Group to head its international public relations efforts and spotlight the company’s cross-border delivery options. Per the agreement, TransMedia will work to publicize SkyShop’s expansion of its online shopping and delivery services in Latin America. The campaign will highlight SkyShop’s new partnership with SkyShop’s online shopping Portal Punto Mio. SkyShop Logistics said TransMedia’s campaigns will initially focus on the SkyShop’s new strategic partnerships with its online shopping portal PuntoMio, which offers international residents a U.S.-based…

MondayNov 01, 2010 1:59 pm

eOn Communications (EONC.OB) Posts Solid Q4 FY 2010 Financial Results

eOn Communications, a leading provider of telecommunications solutions, today reported its fourth quarter and fiscal financial results for the period ended July 31, 2010, posting an increase in revenue for both periods. The company’s fourth quarter and fiscal year results include a gain from its purchase of a majority interest in Cortelco Systems Puerto Rico for $497,000, as well as from Cortelco Systems Puerto Rico income, net of non-controlling interest, reported at $41,000 from the June 9, 2010, acquisition date through July 31, 2010. Fourth quarter revenue increased 8 percent to $5.47 million, up from $5.08 million reported in the…

MondayNov 01, 2010 10:07 am

Christopher & Banks Corp. (CBK) Video Chart for Monday, November 1, 2010

NMXC came to our attention as a result of a volume scan we ran yesterday. The chart has a nice, rounded look to it and is on radar to see if the volume was a prelude to movement. Please click the following link: http://www.qualitystocks.net/videocharts.php Let us hear your thoughts below:

MondayNov 01, 2010 9:42 am

Balqon Corp. (BLQN.OB) Will Equip Ford’s Michigan Assembly Plant with its Zero Emissions Tractors

Balqon, the developer/manufacturer of zero emissions heavy-duty electric drive systems, trucks and tractors reported today, in conjunction with logistics services provider T&K Logistics, Inc., a collaborative effort to supply Ford Motor Company’s Michigan Assembly Plant with a zero emissions transportation solution. T&K provides logistics services to Ford at the assembly plant in Wayne, Michigan and manages on-site transportation of trailers/containers. The collaborative arrangement will see 10 of BLQN’s 30 ton electric yard tractors (Model XE20) leased to T&K, resulting in improved efficiency and a substantially improved environmental profile for Ford’s Wayne facility. CEO of BLQN, Balwinder Samra, recognized Ford as…

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