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FridayMar 26, 2010 4:00 pm

Conn’s, Inc. (CONN) Reports Year Over Year Decline in Fourth Quarter

Conn’s, Inc. (CONN) reported net income of $6.5 million, or $0.29 per share, for the fourth quarter of fiscal 2010 ending January 31, 2010. In the same quarter last year, Conn’s, Inc. earned $12.6 million, or $0.56 per share. The company said that the quarter contained a non-cash gain of $4.9 million, or $0.21 per share, due to an increase in the value of the company’s securitized pool of assets and a tax benefit due to a litigation settlement. Revenues also experienced a sharp decline in the quarter on a year over year basis. Conn’s, Inc. reported revenues of $202.03…

FridayMar 26, 2010 2:07 pm

Direct Insite Corp. (DIRI.OB) Reports Strong 09 Financial Results

Direct Insite Corp., with over 20k users in 65 countries of their global eInvoice Management services platform, which effortlessly automates a company’s financial supply chain, announced 2009 (period ending Dec. 31) financial results today. Chairman and CEO of DIRI, James A. Cannavino, happily conveyed continued recurring revenue growth in 09, accompanying an expansion of services to the clientele, and pointed to the outlook for 2010, where an “improved financial position” and good market positioning (as more and more businesses turn to the low-cost, streamlined capabilities the Company can provide them) are certain to produce continued success. Long known for their…

FridayMar 26, 2010 1:58 pm

General Environmental Management, Inc.’s (GEVI.OB) Expansion into Water Treatment and Waste-to-Energy Technology

General Environmental Management, Inc., the respected veteran which has constructed one of the most effectively operated hazardous waste field services, has proved its ability to obtain and maintain a leading-growth profile within the industry. Since its inception, the Company has grown at a compounded annual rate of 48% to generate annual revenues of $37M from only $2.3M The Company, seeking to obtain greater returns for its shareholders, has decided to shift the primary focus of operations to the rapidly growing and more lucrative water treatment and waste-to-energy markets. To this end, it has retained General Pacific Partners (GPP) as financial…

FridayMar 26, 2010 1:20 pm

ALR Technologies, Inc. (ALRT.OB): Addressing the World of Prescription Non-Compliance

Compliance. The word says an awful lot when it comes to proper treatment of illnesses, disease and chronic pain. In the words of C. Everett Koop, former U.S. Surgeon General, “a drug will not work if you are not taking it.” In fact, the number one reason for non-compliance is generally referred to as forgetfulness. Thousands of articles have been written on a patient’s inability to take their prescribed medications at the appropriate times and the appropriate doses, but no solid solution has ever been produced. We’ve heard numbers as low as 17% of all patients fully following prescription instructions.…

FridayMar 26, 2010 12:21 pm

THQ, Inc. (THQI) and UFC at Press Event for New MMA Video Game – UFC Undisputed 2010

Video games developer and publisher THQ Inc. and Zuffa LLC today announced the highlights of yesterday's press conference regarding THQ's new video game, UFC Unlimited 2010. The press conference featured UFC (Ultimate Fighting Championship) president Dana White and the video game's cover athlete Brock Lesnar. During the event, THQ demonstrated the significant game play innovation built into UFC Undisputed 2010. Players will navigate a roster of more than 100 prolific UFC fighters, each fully rendered to convey a photo-realistic appearance. Prominent UFC personalities, including commentators Joe Rogan and Mike Goldberg, veteran voice of the Octagon Bruce Buffer, the Octagon Girls,…

FridayMar 26, 2010 12:18 pm

Hana Biosciences Inc. (HNAB.OB) Reports Q4 and FY Results, Notes 2010 Objectives

Hana Biosciences Inc. today posted its fourth quarter and year-end financial results for the period ended Dec. 31, 2009, highlighting recent clinical and corporate updates, as well as 2010 objectives. The company reported a net loss of $5.0 million, or $0.07 per share, for the fourth quarter of 2009 compared with a net loss of $6.1 million, or $0.19 per share, for the fourth quarter of 2008. For the full year ended Dec. 31, 2009, Hana reported a net loss of $24.1 million, or $0.57 per share, compared with a net loss of $22.2 million, or $0.69 per share, for…

FridayMar 26, 2010 12:04 pm

Getfugu, Inc. (GFGU.OB) is “One to Watch”

Getfugu is a sales, marketing and mobile development corporation. Having developed the next generation search tool, the company is transforming the way consumers access the web. Completely doing away with typing, GetFugu has harnessed the core strengths of the mobile phone and provides a wide range of consumer services that are compelling to the advertiser and friendly to the user. By downloading GetFugu’s free application, consumers can surf the web with lightning speed and minimal effort. On the other hand, advertisers ranging from large corporations to single-shop outlets are able to promote and seamlessly sell their goods using a proven…

FridayMar 26, 2010 11:50 am

Cortex Pharmaceuticals, Inc. (CORX.OB) Sells Selected Compounds and Rights to Biovail

Cortex Pharmaceuticals Inc. is a neuroscience company focused on novel drug therapies for treating psychiatric disorders, neurological diseases and sleep apnea. The company is pioneering a class of proprietary pharmaceuticals called AMPAKINE compounds, which act to increase the strength of signals at connections between brain cells. The company announced today that it has entered into an agreement with Biovail (NYSE: BVF). In the agreement, Biovail acquired certain AMPAKINE compounds and the rights to the patent filing for respiratory depression and vaso-occlusive crises associated with sickle cell disease. The transaction with Biovail includes a purchase price of $10 million and additional…

FridayMar 26, 2010 11:44 am

WikiLoan (WKLI.OB) Banking On A $6 Billion Market

WikiLoan Inc., operators of a groundbreaking Web-based person-to-person borrowing and lending platform, has surprised everyone by its sudden success in one of the fastest growing segments of the financial services industry, peer-to-peer lending. The fledgling company has become the go-to place for virtually anyone looking to borrow or lend money, from $1,000 to $25,000. A world apart from the stuffy, paper-laden, and inflexible environs of the big lending institutions, WikiLoan has become a breath of fresh air in an otherwise stale industry. Using an easy-to-navigate online front-end, the company allows individual borrowers and lenders to easily work out beneficial loan…

FridayMar 26, 2010 11:38 am

NIVS IntelliMedia Technology Group Inc. (NIV) Posts Solid Q4 and FY Results, Leveraged by Innovative Products and Position in Chinese Market

NIVS IntelliMedia Technology Group Inc., an integrated consumer electronics company, today posted significant increases for the fourth quarter ended Dec. 31, 2009, driven by increased demand for the company’s intelligent audio and video products and its market expansion efforts. Net sales grew 47.2 percent to $62.7 million compared to $42.6 million for the fourth quarter of 2008. Net sales for the full year ended Dec. 31, 2009, were $185.2 million, a 29 percent increase compared to $143.6 million for the year ended Dec. 31, 2008. Income from operations during the fourth quarter was $12.5 million, a 220.5 percent increase compared…

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