Blog - Page 3643 of 5482

MondayMay 03, 2010 8:41 am

Viking Systems, Inc. (VKNG.OB) Uses Common Stock to Increase Cash and Liquidity Position

Viking Systems Inc. announced that the company has increased its cash and liquidity position through the issuance of common stock. The company raised $934,897 through selling an aggregate of 4,398,050 shares. Representatives for Viking Systems have stated and reiterated their intention to raise a total of $2 million to $3 million during 2010. The funds will be used towards the development and launch of the company's Next Generation 3DHD system. Viking Systems plans to launch the new system in the fourth quarter of 2010, providing the highest quality 3DHD visualization in a cost effective, standalone solution. Robert Mathews, Executive Vice…

MondayMay 03, 2010 8:38 am

CHDT Corp. (CHDO.OB) Products Receive Expansion through International Distributor

One company that is on the rise is the CHDT Corporation. The CHDT Corporation is a public holding company that engages in the development, manufacturing, logistics and distribution of consumer products to retailers and wholesalers across the globe. Today, CHDT announced that their wholly owned subsidiary, Capstone Industries, received a second container order from one of the company’s newest distributors covering both Central and Latin America. The second container order consists of Midi Eco-i-Lites and is an indication that CHDT is a company that is on their way up with a global presence that is getting stronger as time goes…

MondayMay 03, 2010 8:36 am

eDoorways Corp. (EDWY.PK) Closes in on Revenue Generation

eDoorways Corp. announced this morning that it is experiencing a positive market response for its Internet based service offering, www.eDoorways.com. The company is currently in the process of closing several significant revenue generating agreements associated with PowerKey channels. eDoorways believes its strong initial marketing success is a result of the recent unveiling of PowerKey channels at South by Southwest (SXSW). The company began its initial marketing campaign at the SXSW exposition and tradeshow in Austin, Texas in mid March. According to eDoorways, the reaction to PowerKey channels was extremely positive, with a number of large organizations indicating their desire to…

FridayApr 30, 2010 3:26 pm

Preformed Line Products Company (PLPC) Reports 1Q 2010 Earnings

Preformed Line Products Company reported net income of $1.1 million, or $0.21 per diluted share, in the first quarter of 2010 ending 3/31/2010. The company earned $2.7 million, or $0.51 per diluted share, in the same quarter of 2009. Despite the drop in net income, Preformed Line Products Company reported an increase in revenue on a year over year basis, from $58.7 million in the first quarter of 2009 to $68.9 million in the quarter the just ended. Management expressed frustration with the fall in net income in view of the strong revenue increase and attributed the difference to an…

FridayApr 30, 2010 3:24 pm

Weis Markets, Inc. (WMK) Announces 2010 Capital Budget

Weis Markets, Inc. announced a capital budget of $102.8 million in 2010, a 27% increase over last year. Weis Markets, Inc. said that the increased spending would be used to increase and update the store base of the company. This would include up to 3 new stores, 2 expansions and 23 remodeling of existing stores. The company would also use some of the extra capital to increase its investment in technology infrastructure to support the increased sales growth. David J. Hepfinger, the CEO of Weis Markets, Inc., said, “We have significantly increased our IT investments over the past two years.…

FridayApr 30, 2010 2:52 pm

Vantage Drilling Company (VTG) is “One to Watch”

Vantage Drilling Company, an offshore drilling contractor, provides drilling services internationally with a focus on deep water and other high-specification drilling solutions. The company has built one the most experienced and dynamic teams in the industry with an unsurpassed safety program, premier offshore drilling performance, and a track record of exceptional results. The International Energy Agency (IEA) recently revised its figure for global oil demand upward, now forecasting that oil demand will reach an average of 86.60 million bpd this year, a new record high. As in-land oil fields are continually depleted and demand rises in emerging economies, oil producers…

FridayApr 30, 2010 1:10 pm

Delta Mutual, Inc. (DLTZ.OB) Acquires Huge Lithium Deposit in Argentina

Delta Mutual, Inc., a company committed to increasing holdings in the energy sector; starting oil wells in Argentina’s Salta province near Güemes; and teaming up with major oil and gas firms in order to grow its sector footprint and asset production capacity, happily announced this morning the acquisition of a huge Lithium deposit which also contains other resources. Lithium is a primary essential substance used in the manufacturing of long lasting batteries which see used in every industry, and in nearly every consumer product on the market, from cell phones to electric cars and solar cells, typically fetching a very…

FridayApr 30, 2010 12:21 pm

Dussault Apparel, Inc. (DUSS.OB) Expands to Launch Online Store and Receives Additional Order from LIDS

Dussault Apparel, Inc. announced yesterday that they have further developed their website to now include an online store. The web address for this new area is www.dussaultonlinestore.com. The store will feature the Dussault line of high-end apparel including custom designed hoodies, jewelry, t-shirts, hats and leather goods. In the press release, Jason Dussault, CEO of Dussault, was quoted as saying, "In the territories we have a retail presence, the consumer response to our line has been terrific, I believe that this added consumer access to the line will be a significant driver of Dussault brand identity, additionally I believe it…

FridayApr 30, 2010 12:12 pm

Pyramid Oil Co. (PDO) Reports Increased Revenue Even as Latest Horizontal Exploration Well Comes up Short

As unfortunate as the recent oil drilling events in the Gulf of Mexico are, there are benefits for some established oil and natural gas development companies. These companies often find their fortunes rising and falling with the price of oil and natural gas. An investor that can find an oil and gas company which can meet demand as prices flux in the face of current events is one that will profit nicely if played correctly. Pyramid Oil Company, an oil and natural gas exploration and development company, works to find and exploit crude oil resources in California, New York, Texas…

FridayApr 30, 2010 11:58 am

Visteon Corp. (VSTNQ.PK) Posts 43% Sales Increase in Q1 Financial Results

Visteon Corp., an automotive systems, modules and components manufacturer, today posted its first-quarter 2010, reporting solid improvement over last year’s first quarter. For the first quarter of 2010, Visteon reported total sales at $1.9 billion, including product sales of $1.85 billion and services revenue of $58 million, a 43-percent increase over last year’s first quarter. The company attributes the increase to higher production and new business wins, increased regional sales, as well as a boost from foreign currency. Gross margin for the first quarter was $418 million compared with $45 million a year earlier. Visteon reported net income for the…

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