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ThursdayFeb 11, 2010 10:08 am

EU to Aid Greek Economy

Following grim economic news, European leaders have reached a deal to provide aid to Greece. The measure is an unprecedented move to prevent a broader crisis in the 16-nation bloc that shares the Euro. The aid signifies the first bailout of a Euro zone member since the currency was introduced 11 years ago. Speaking with reporters at an EU leaders’ summit, EU President Herman van Rompuy, commented, "There is an agreement on the Greek situation. We will communicate now the agreement to the other leaders.” Polish Prime Minister Donald Tusk told reporters earlier that the aid was likely to come…

ThursdayFeb 11, 2010 9:26 am

Magic Software Enterprises Ltd. (MGIC) Reports Substantial Increase in Net Income

Magic Software Enterprises Ltd. reported net income of $3.5 million, or $0.11 per diluted share, for the fourth quarter of 2009. This was up from the $1.1 million, or $0.03 per share, earned in the same quarter of 2008. Magic Software Enterprises Ltd. reported revenues of $14.5 million for the fourth quarter of 2009, down slightly from the $15.1 million reported in 2008. On a sequential basis, revenues increased from the third quarter of 2009. “During a difficult year for global markets, I am pleased to report that we have improved efficiency, maintained our operating profits, and implemented structural, management…

ThursdayFeb 11, 2010 9:15 am

Lyris, Inc. (LYRI.OB) Reports Second Quarter and 2010 Revenue Results

Yesterday, online marketing expert, Lyris, Inc. reported its financial results for the second quarter and first six months of fiscal 2010. Lyris reported revenues of $11.3 million for the quarter ending December 31, 2009, versus revenues of $11.0 million in the second quarter a year ago. The revenue breakout for the second quarter of 2010 included subscription, licensed software, support and maintenance, and professional services. On a GAAP basis, the company reported a net loss of $327,000, or $0.00 per share, in the second fiscal quarter of 2010, compared with a net loss of $129,000 in the second quarter of…

ThursdayFeb 11, 2010 9:12 am

Nexxus Lighting Inc. (NEXS) Technology Produces Industry Leading Results

Yesterday, Nexxus Lighting, Inc. announced that its Array Par 30 has the highest efficacy of any directional LED replacement lamp tested in the nine rounds of CALiPER experiments conducted by the U.S. Department of Energy. Copies of the DOE and ITL tests are currently available on the company’s website. The stellar results have also been replicated by recent independent photometric tests conducted by ITL in Boulder, Colorado. These tests showed that the Array Par 30 Warm White lamp produced 65.9 lumens per watt, and the Array Par 30 Natural White lamp produced 69.0 lumens per watt. Nexxus Lighting's Selective Heat…

ThursdayFeb 11, 2010 9:10 am

Adeona Pharmaceuticals, Inc. (AEN) Announces Appointment of James S. Kuo, M.D. as Chairman, CEO and President

Adeona Pharmaceuticals, Inc., a development-stage, specialty pharmaceutical company that is developing orally active, proprietary, late-stage drug candidates for the treatment of autoimmune and central nervous system diseases, recently announced the appointment of James S. Kuo, M.D. as the company’s chairman, chief executive officer and president. Dr. Kuo replaces Mr. Max Lyon, who recently resigned as president, chief executive officer and a member of the company’s board of directors. Since February of 2007, Dr. Kuo has served as a director of Adeona Pharmaceuticals. In his new role, he will spearhead the company’s new growth initiatives, including new product launches, the commercialization…

ThursdayFeb 11, 2010 8:25 am

WikiLoan, Inc. (WKLI.OB) to Ink First Deal Potentially Soon

WikiLoan, Inc., a financial social network, this morning announced that it is in the final stages of negotiating for its first major revenue producing deal. According to the press release, the company may have a signed definitive agreement as early as next week. "We are fortunate that negotiations with our first deal are progressing rapidly and look forward to announcing the details to our shareholders," said Edward C. DeFeudis, WikiLoan's Founder and President. Let us hear your thoughts: WikiLoan, Inc. Message Board

WednesdayFeb 10, 2010 5:00 pm

Energtek, Inc. (EGTK.PK) Commences LMP Technology Field Test in Africa

Energtek Inc., a world leading developer of Adsorbed Natural Gas (ANG) technology, announced that it has sent a proprietary Low-pressure Mobile Pipeline(TM) (LMP) semi-trailer to a nation in western Africa for a commercial natural gas distribution field test. As part of this test, natural gas will be transported by the recently manufactured semi-trailer, from a distribution well-head to an off-site industrial energy consumer. The LMP semi-trailer transports similar quantities of gas as other CNG systems, but at substantially reduced pressures. This ability significantly reduces the costs of natural gas compression and decompression associated with other mobile bulk transportation systems. "After…

WednesdayFeb 10, 2010 4:07 pm

Manhattan Bancorp (MNHN.OB) Posts $150M in Assets as of Dec. 2009; Maintains Optimism Based on Strategic Business Plan

Manhattan Bancorp, the holding company of Bank of Manhattan N. A. and MBFS Holdings Inc., today posted improved financial performance leveraged by strong growth in assets, loans and deposits, and an expanding net interest margin. “2009 represented a year of continued achievements for the Company,” Kyle A. Ransford, chairman of Manhattan Bancorp stated in the press release. “While we completed the investment in Banc of Manhattan Capital LLC, a full service broker/dealer, repaid TARP funds and the associated warrant in full, and attracted talented employees and directors to join the company, we remained focused on executing our strategic plan. We…

WednesdayFeb 10, 2010 1:07 pm

Solar Power, Inc. (SOPW.OB) Signs Agreement with Annerher S.L. to Broaden Market Penetration in Spain and Portugal

Solar Power, Inc., the Roseville, California-based provider of complete solar energy solutions, announced today the signing of a sales representation agreement with Barcelona, Spain-based Annerher S.L. to establish Yes! Solar PowerTM dealers in both Spain and Portugal. Annerher will both represent the dealer program and the sales of SOPW’s photovoltaic (PV) solar products and integrated commercial/residential solutions from the Company’s Yes! Energy SeriesTM, while soliciting dealerships in Spain and Portugal to distribute such products. President of Business Development for SOPW Bradley Ferrell hailed the agreement as offering exciting opportunities for both companies, and noted that “Annerher S.L. has a robust…

WednesdayFeb 10, 2010 1:04 pm

SOKO Fitness & Spa Group, Inc. (SOKF.OB) Expands Operations

SOKO Fitness & Spa Group, Inc. offers denizens of Northeastern China and suburban Beijing a complete wellness solution consisting of programs, exercise, education, nutrition and other products via their beauty salons and fitness centers. The Company disclosed details today regarding plans to expand operations geographically beyond its former focus of developing in Tier-2 Chinese cities, and said it will begin to select suburban areas of Tier-1 cities with under-served markets in order to capitalize on growth potential and secure robust returns on investment for the Company’s shareholders. Tier-1 cities are large metropolises with 10 million or more residents, and Tier-2…

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