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ThursdayMar 11, 2010 10:35 am

Cumberland Pharmaceuticals Inc. (CPIX) Reports Profitable Fourth Quarter 2009

Cumberland Pharmaceuticals Inc. reported net income of $3.1 million, or $0.17 per diluted share, for the year ending 12/31/2009. The company earned $4.8 million, or $0.29 per diluted share, in 2008. Cumberland Pharmaceuticals Inc. reported an increase in revenues on a year over year basis. The company had revenues of $43.5 million in 2009, up from $35.0 million in 2008. Cumberland Pharmaceuticals Inc. strengthened its balance sheet in 2009. The company reported a cash balance of $78.7 million in 2009, compared to $11.8 million in 2008. A.J. Kazimi, the CEO of Cumberland Pharmaceuticals Inc., said, “The approval and launch of…

ThursdayMar 11, 2010 10:29 am

Compass Diversified Holdings (CODI) Reports Positive Cash Flow in Fourth Quarter Of 2009

Compass Diversified Holdings reported a net loss of $1.6 million, or $0.05 per share, for the fourth quarter of 2009. The company earned $1.2 million, or $0.04 per share, in the same quarter of 2008. Compass Diversified Holdings reported a slight decline in revenues on a year over year basis, from $374.8 million in the fourth quarter of 2008 to $362 million in the most recent quarter. Compass Diversified Holdings also reports an alternative measure of financial performance called Cash Flow Available for Distribution and Reinvestment. This totaled $17.9 million in the fourth quarter of 2009, compared to $11.2 million…

ThursdayMar 11, 2010 10:28 am

CytoCore Inc. (CYOE.OB) Receives Major Investment from NeoMed

One company that is on the rise is CytoCore Inc. Located in Chicago, IL, CytoCore has made a name for themselves as a company that provides effective treatment for various forms of cancer. CytoCore is known for discovering cancer in an early stage and providing cost-effective relief to their patients. Today, CytoCore took a major step towards enhancing their future with the announcement that NeoMed Management has taken a 6.3% investment in the young company. NeoMed is a recognized investment firm with a global reach. With four established funds and total capital exceeding $200 million, NeoMed is exclusively focused on…

ThursdayMar 11, 2010 10:11 am

Fund.com, Inc. (FNDM.OB) Announces Strategic Alliance with Transparensee to Develop Superior Search Engine for Mutual Funds and ETFs

Fund.com, Inc. announced this morning that it has partnered with Transparensee Systems, Inc., New York City, to develop a next generation search engine for the Fund.com website to help investors find their best choices among the many thousands of mutual funds and ETFs (Exchange Traded Funds) available today. The anticipated launch of the new search engine is this summer. Fund.com CEO Gregory Webster stated, "Unlike anything available today to financial investors, we believe that the new search engine will give investors more control and more choices over every search of mutual funds and ETFs. In an easy-to-use format, investors will…

ThursdayMar 11, 2010 9:03 am

Amico Games Corp. (AMCG.OB): Big Player in a Big Market

Amico Games Corp., based in San Francisco, CA, has just been named as one of the companies in the “Top Three for Profitability” of mobile phone game manufacturers during the Fifth China Mobile Phone Game Enterprise Public Appraisal Fair 2009-2010. Amico Games Corp. is an interactive entertainment media company which develops multi-player networked mobile phone games that are played over the mobile internet in China. "We are excited to be appraised as one of the top 30 Chinese mobile phone game enterprises and one of the top 3 most profitable Chinese mobile phone game enterprises. This is very encouraging for…

ThursdayMar 11, 2010 8:49 am

Blount International, Inc. (BLT) Reports Profitable Fourth Quarter

Blount International, Inc. reported net income of $6.5 million, or $0.13 per share, in the fourth quarter of 2009. This was a small decline from the $6.9 million, or $0.14 per share, reported in the same quarter of 2008. Blount International, Inc. said that revenues for the fourth quarter of 2009 came in at $141.5 million, up 6% year over year and 8.6% sequentially. Joshua L. Collins, the CEO of Blount International, said “the company was able to navigate successfully through a difficult economic environment over the past fifteen months. Significant cost control actions implemented in the first half of…

ThursdayMar 11, 2010 8:47 am

China LianDi Clean Technology Engineering Ltd. (RMSI) Reports Profit in First Nine Months of Year

China LianDi Clean Technology Engineering Ltd. reported net income of $11.3 million for the first nine months of fiscal 2010. The company earned only $0.8 million in the same period in fiscal 2009. Revenues were also up strongly on a year over year basis, to $45.6 million, from $8.2 million in fiscal 2009. China LianDi Clean Technology Engineering Ltd. gave revenue guidance of $70.2 million and $116.7 million for fiscal year 2010 and 2011, respectively. The company also guided the street to expect net income of $15.1 million for fiscal 2010 and $25.0 million for fiscal 2011. China LianDi Clean…

ThursdayMar 11, 2010 8:46 am

Lotus Pharmaceuticals, Inc. (LTUS.OB) Reports Groundbreaking Ceremony for New Building Complex

China-based company, Lotus Pharmaceuticals, Inc. reported on its March 9th groundbreaking ceremony for the construction of a new building complex in Beijing. Attending the ceremony were Beijing municipal and Chaoyang district government officials, China State Food & Drug officers, and representatives of both state-owned and private pharmaceutical companies. The new nine-floor building complex will be used for offices, research and development, production, and modern storage. Interim production of the drugs slated to be produced at the new facility will be produced by third parties until the completion of the building complex. At the start of the ceremony, Lotus CEO, Zhongyi…

ThursdayMar 11, 2010 8:44 am

Prime Star Group’s (PSGI.OB) Subsidiary Wild Grill Foods, Inc. Forms Strategic Partnership with UniSea, Inc.

Prime Star Group, Inc., a premium food and beverage products, distribution and risk management business, recently announced that the company’s wholly owned subsidiary, Wild Grill Foods, Inc., has secured an agreement with UniSea, Inc., a leading producer of a variety of finished seafood products that are marketed and distributed throughout the world. This strategic partnership will help Wild Grill Foods meet its expanded production needs due to the company’s increase in demand for various seafood products. Based in Redmond, Washington, UniSea produces seafood products from lobster, Pollock, Pollock Roe, Pacific Cod, Black Cod, Snow Crab, Salmon, King Crab, Halibut, Whitefish…

WednesdayMar 10, 2010 8:56 pm

Fund.com, Inc. (FNDM.OB) to Bring Actively Managed ETFs to the Market through AdvisorShares Subsidiary

Fund.com, Inc. announced today after the closing bell that its majority-owned subsidiary, AdvisorShares Investments, LLC, a developer and distributor of actively managed ETFs, anticipates having three actively managed ETFs trading on the New York Stock Exchange in April. As of today, there are only 17 actively traded ETFs on the market. According to Fund.com CEO Gregory Webster, AdvisorShares is one of the few firms that has approval from the Securities and Exchange Commission (technically known as exemptive relief from the provisions of the Exchange Act of 1940) to form new actively managed ETFs. Webster noted AdvisorShares’ major advantage in its…

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