Blog - Page 3624 of 5574

MondayAug 16, 2010 10:53 am

Mountain Lake Resources Inc. (MOA.V) Recent Drilling at Leprechaun Gold Deposit Confirms Area of Mineralization

Mountain Lake Resources, www.mountain-lake.com – a gold and base metals exploration firm focused on growing shareholder returns through the development of promising mineral properties, reported today that the latest drilling results further validate the existence of a huge area of high grade mineralization at the Leprechaun Gold Deposit. Within the 30 km Valentine Lake Gold Property in Newfoundland, the Leprechaun Deposit contains an estimated 443,000 oz of gold, per a NI 43-101-compliant Valentine Lake Technical Report performed by Larry Pilgrim, P. Geo. and delivered Jan. 12, 2005, showing 1.3M tones of ore at 10.50 g/t Au with a 5 g/t…

MondayAug 16, 2010 10:46 am

Deep Down, Inc. (DPDW.OB) Posts Q2 Results, 55% Revenue Increase

Deep Down Inc. today posted its financial results for the second quarter of 2010. The company reported a net loss of $452,000, or $0.00 loss per share, on revenues of $9.6 million, compared to a loss of $1.8 million, or $0.01 loss per share, on revenues of $6.2 million during the same quarter of 2009. Deep Down’s second-quarter 2010 revenues increased 55 percent to $9.6 million, up from $6.2 million reported for the comparable quarter last year. The company attributes the increase to production of products for deepwater products and ROV and other related services. The company’s gross profit increased…

MondayAug 16, 2010 10:26 am

VizStar, Inc. (VIZS.OB) Uses Commission Program To Draw Clients And Control Costs

One of the growth tools used by VizStar Inc., a growing aviation charter broker doing business as Celestial Jets, is their hefty commission package. By offering independent contractors and employees the opportunity to make significant sums by identifying and servicing clients, VizStar leverages its marketing efforts and encourages an expanding customer base. It also helps to control costs since money is paid only after needed services are rendered. Commissions range from 10% to 35% of the cost of the flight, and are estimated to average approximately 17% to 20% of the total flight charge. Commissions obviously depend upon normal business…

MondayAug 16, 2010 9:48 am

New Energy Systems Group (NEWN) Reports Large Jump in Second Quarter Revenues

New Energy Systems Group reported a huge increase in sales for the second quarter of 2010 led by the results of several recent acquisitions in the company’s battery segment. New Energy Systems Group reported sales of $23.4 million in the second quarter of 2010, compared to $5.4 million in the corresponding quarter of 2009. The battery segment reported sales of $20.9 million in the quarter and contained sales from the Anytone and NewPower businesses, which were purchased at the end of 2009 and in early 2010. New Energy Systems Group reported net income of $3.6 million, or $0.28 per diluted…

MondayAug 16, 2010 9:01 am

CHDT Corp. (CHDO.OB) Subsidiary Receives Major Re-Order of Eco-i-Lites

Located in Deerfield Beach, Florida, Capstone is a wholly owned subsidiary of CHDT Corporation and has earned a stellar reputation for the development, manufacturing, logistics, and distribution of consumer products to wholesalers and retailers throughout North America. Today, Capstone announced it will be shipping a $2,000,000 plus re-order to a national retailer. Goods began shipping this week and will continue throughout the third quarter which will result in the largest third quarter revenue in the company’s history. This will also mean a new milestone for Capstone as it will mark the third consecutive year that Capstone’s Eco-i-Lite program will be…

MondayAug 16, 2010 8:15 am

Sport Endurance, Inc. (SENZ.OB) Secures Agreement with Mr. Checkout Distributors to Deliver Proprietary Products to Over 15,000 Stores Nationwide

Sport Endurance, Inc., an emerging health supplement company, recently announced that the company has secured an agreement with Mr. Checkout Distributors, Inc. to deliver proprietary products to more than 15,000 national grocery and convenience stores within the next quarter. The company’s proprietary products include its 8-Hour Energy Liquid Gel Caps, Liquid Creatine Liquid Gel Caps and natural Sleep Aid Liquid Gel Caps. Mr. Checkout Distributors Inc. is a unique, 20-year old group of direct-store-delivery retail merchandisers, wholesale suppliers, manufacturers, wholesale-to-distributors, food and beverage distributors, and wholesalers currently servicing 44,000 stores. Mr. Checkout also works with an additional 250 distributors who…

MondayAug 16, 2010 8:14 am

Yuhe International, Inc. (YUII) Reports Financial Results for Second Quarter of 2010

Yuhe International, Inc. reported a strong increase in sales and net income on a year over year basis in the second quarter of 2010. Management attributed the increase to higher sales of chicken broilers. Yuhe International, Inc. reported sales of $12.5 million in the second quarter of 2010, compared to $9.8 million in the corresponding quarter of 2009. The company reported net income of $3.1 million, or $0.19 per diluted share, in the second quarter of 2010, compared to net income of $2.1 million, or $0.13 per diluted share, in the same period last year. Yuhe International, Inc. sold 34.6…

FridayAug 13, 2010 6:45 pm

Sino Gas International Holdings Inc. (SGAS.OB) Posts Six-Month Financial Results, Notes Increased Demand for Natural Gas in China

Sino Gas International Holdings Inc. today announced its financial results for the six months ended June 30, 2010, reporting overall positive numbers. Revenue for the first half of 2010 was $12.87 million, up 4.08 percent as compared to $12.36 million in the six months of 2009. Gross profit for the first six months of 2010 increased 43.95 percent to $4.03 million as compared to the $2.80 million reported in the first half of 2009. The company attributes the increase in gross profit to the increase of connection fees, which have a higher gross margin, and improvement of gross margin from…

FridayAug 13, 2010 6:43 pm

Hana Biosciences (HNAB.OB) Posts Q2, Half-Year Financials and Offers Corporate Update

Hana Biosciences Inc. today reported its financial results for the second quarter and six months ended June 30, 1010, and gave a corporate update regarding several quarterly achievements. For the second quarter of 2010, the company reported a net loss of $6.3 million and deemed dividends on preferred stock of $9.3 million, resulting in a total net loss applicable to common stockholders of $15.6 million, or $0.19 per share. This compares with a net loss of $7.9 million, or a loss per share of $0.24, for the second quarter of 2009, a quarter in which there were no deemed dividends…

FridayAug 13, 2010 6:41 pm

New Energy Systems Group (NEWN.OB) Moving to NYSE AMEX

New Energy Systems Group, www.newenergysystemsgroup.com – li-ion (lithium-ion) battery and backup power system original design manufacturer (ODM) and innovator focused on delivering full spectrum battery and component/accessory solutions for the booming mobile/telecom market, announced approval to list its common stock on the NYSE AMEX today. Trading under the existing symbol NEWN is projected to begin August 16 for this dynamic company whose end-user/consumer products are widely known throughout China under the Anytone brand name. The rapid acceleration of the technology curve in mobile devices, laptops, digital cameras, cell phones, MP3 players, et al., especially in China, combined with a huge…

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