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MondayMay 17, 2010 8:15 am

China Direct Industries, Inc. (CDII) Announces Contract to Supply Manganese Ore to Privately Held Trading and Refining Company

China Direct Industries, Inc., a U.S.-owned holding company operating in China in two core business segments, pure magnesium production and distribution of basic materials, recently announced that its wholly owned subsidiary, CDII Trading, Inc. has entered into a 12-month contract to supply manganese ore to a privately held China-based trading and refining company. CDII Trading expects to complete the first shipment in July 2010 after finalizing financing to produce the required quantity of ore to fulfill this contract. After completing the initial shipment, CDII Trading expects to supply additional monthly shipments to its China-based buyer over a 12-month period. The…

MondayMay 17, 2010 7:50 am

Simmons First National Corp. (SFNC) Expands their Operations outside Arkansas Border

Last Friday, Simmons First National Corporation announced that their wholly owned bank subsidiary, Simmons First National Bank, entered into a purchase and assumption agreement with loss share arrangements with the Federal Deposit Insurance Corporation (FDIC). The agreement is to purchase substantially all of the assets and to assume substantially all of the deposits and other liabilities of Southwest Community Bank in Springfield, Missouri. Upon completion of the acquisition, Simmons First will continue to remain extremely "well capitalized" by regulatory standards. They will require no additional capital to support this transaction. J. Thomas May, Chairman and CEO, said, "This acquisition is…

MondayMay 17, 2010 7:48 am

China Wind Systems, Inc. (CWS) Reports Sharply Higher Revenues and Net Income in First Quarter

China Wind Systems, Inc. reported net income of $1.9 million, or $0.08 per diluted share, in the first quarter of 2010. The company reported net income of $0.64 million, or $0.03 per diluted share, in the same quarter of 2009. China Wind Systems, Inc. also reported a large increase in revenue on a year over year basis. The company saw its revenue in the first quarter of 2010 increase to $16.8 million, up from $7.9 million in the same quarter of 2009. China Wind Systems, Inc. attributed the much improved results to higher sales of forged products to the wind…

MondayMay 17, 2010 7:47 am

North European Oil Royalty Trust (NRT) Reports Lower Net Income and Distributions in Second Fiscal Quarter of 2010

North European Oil Royalty Trust reported net income of $4.6 million, or $0.50 per unit, in the second quarter of fiscal 2010, which ended 4/30/2010. North European Oil Royalty Trust earned net income of $9.1 million, or $0.99 per unit, in the same quarter in fiscal 2009. North European Oil Royalty Trust said that the sharp decline in net income was due to a much lower realized price for natural gas, and lower sales volumes. North European Oil Royalty Trust receives royalty payments from agreements covering producing natural gas properties in the Oldenburg concession in Germany. The company has two…

MondayMay 17, 2010 7:46 am

AuthenTec (AUTH) Posts Q1 Results, Reports 30% Revenue Increase

AuthenTec Inc., a leading provider of security, identity management and touch control solutions, Friday reported financial results for the first quarter ended April 2, 2010. The company reported consolidated revenue of $9.2 million for the first quarter of 2010, a 30 percent increase over the first quarter of 2009. First-quarter revenue included $900,000 of revenue from AuthenTec’s Embedded Security Solutions, which it acquired from SafeNet Inc. in late February. “We made outstanding progress since our last earnings call in several areas including new product introductions, important design wins in the PC market, continued progress in the wireless market and finally,…

FridayMay 14, 2010 3:58 pm

Newport Digital Technologies, Inc. (NPDT.OB) Announces Upcoming Conference Call to Review Progress and Provide Outlook

Newport Digital Technologies, Inc. announced this afternoon that it will conduct a shareholder conference on Tuesday, May 25, 2010 at 4:30 PM Eastern time to provide an update with regards to the progress made in executing its business model and to provide an outlook for the rest of the current year. Mr. Michael Lutton, NPDT CEO and Weiling Tsao, NPDT President, will host the call. Those wishing to join the call can do so with the following access phone numbers: 877-311-2008 (toll-free for U.S. and Canada only) and 719-266-2041 (toll for International calls only). The investor access code is 926910.…

FridayMay 14, 2010 1:43 pm

Nutrastar International, Inc. (NUIN.OB) First Quarter Report Shows Strong Financial Fundamentals

Nutrastar International Inc.,www.syxny.net, a nutraceutical firm that controls 19% of China’s engineered Chinese Golden Grass market and specializes in the rapidly growing organic and health food market, distributing its many goods via a distribution network spanning 10 provinces, detailed its 1Q FY10 (ending March 31) results today. Strong demand, as the Chinese health kick continues unabated for the Company’s well known brand of products, led to growth in both revenue and net income: • Revenue up 2.7% (compared with 1Q 09) to $4.77M • Gross Margin up 15.7% to 77.9% • Operating Profit up 25.9% to $3.11M • Net Income…

FridayMay 14, 2010 1:36 pm

Table Trac, Inc. (TBTC.OB) Wins Big, Deploying 26th CasinoTrac System to Oklahoma Keetoowah Cherokee Casino

Table Trac, Inc., www.TableTrac.com, out of Minnetonka, MN, the developer of the new patented CasinoTrac system which creates unprecedented casino floor situational awareness by allowing management to dictate command virtual presence of the entire environment in real-time via an automated, comprehensive, intuitive and continuous system that runs on any PC, disclosed details today regarding the signing of a definitive agreement with the United Keetoowah Band of Cherokee Indians of Oklahoma to install the new system at one of their casinos. General Manager Rod Fourkiller of the Tahlequah, Oklahoma Keetoowah Cherokee Casino, which will receive the new system, acknowledged the extensive…

FridayMay 14, 2010 12:26 pm

mPhase Technologies, Inc.’s (XDSL.OB) mPower Emergency Illuminator and Power On Command™ Qualify for CE Mark

mPhase Technologies announced today that their flagship products, mPower Emergency Illuminator and Power on Command, have both passed the stringent safety tests required to carry the CE marking. The CE mark is a mandatory label that recognizes the product as having been testing and meeting the requirements of the European Union (EU) consumer safety guidelines. The passing of these tests allows both mPhase products to be sold in the Europe Economic Area, which includes members and non-members of the European Union comprising over 350 million consumers. mPhased used elite testing and certification companies to conduct third-party testing on their products…

FridayMay 14, 2010 12:21 pm

Nutrastar International (NUIN.OB) Posts Solid Q1 Results

Nutrastar International Inc., a leading nutraceutical company that produces and distributes Chinese Golden Grass and organic and specialty food products in China, today announced its financial results for the first quarter 2010, noting strong demand for its products and services as a driving force for positive results. The company posted a 2.7 percent increase in revenue to $4.77 for the three months ended March 31, 2010, from approximately $4.64 million for the same period in 2009. The company attributes the increase to higher sales of its Chinese Golden Grass, as well as the sales of its small package Chinese Golden…

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