Blog - Page 3712 of 5550

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…

FridayApr 30, 2010 11:56 am

Aquentium, Inc. (AQNM.OB) Announces Global Distribution Opportunities

One company that is quickly becoming a friend to the environment and investors on Wall Street is Aquentium. A diversified publicly traded company, Aquentium is dedicated to bringing energy saving solutions and technologies to U.S. and global companies. Today, Aquentium made the announcement that it will offer distribution opportunities of non-chemical sanitation and water treatment equipment for use in countries throughout Europe. Aquentium will showcase their Ozone non-chemical sanitation and water treatment equipment which is designed to improve food and water safety standards both domestically and internationally. Ozone is generated from oxygen and is non-toxic. Ozone provides a high level…

FridayApr 30, 2010 9:44 am

Universal Detection Technology (UNDT.OB) Inks Deal with EMG-911 SEC to Extend Market Reach

Universal Detection Technology develops early-warning monitoring technologies designed to protect from bioterrorism and infectious health threats. The company has secured relationships with NASA and other Homeland Security-related entities and today announced its partnership with Emergency 911 Security Inc. (EMG-911 SEC), a full-service security and EMS Contractor. EMG-911 SEC is within the 5 percent of government contractors awarded a small business determination 8(a), a designation that allows the federal government to sole source contracts. EMG-911 SEC is certified to receive sole source and limited contracts of up to $35.5 million dollars per year in sales. UNDT said in the press release…

FridayApr 30, 2010 9:42 am

Artfest International, Inc. (ARTS.OB) To Purchase Multi-Million Dollar Picasso Sculpture

Artfest International, Inc. announced today that it has agreed to terms and will be purchasing an original Pablo Picasso sculpture titled “Rendering of Francoise Gilot” directly from the artist’s personal collection. Picasso, born in Spain in 1881, completed the wooden sixty-by-twenty-seven sculpture in 1949. Per the agreement, Artfest will pay $2.5 million in cash and issue 50 million warrants at $1 per share. Francoise Gilot was a staple in the collection of artwork by Picasso in the 1940s after the two met in Paris. The demand for original Picasso’s depicting Gilot has remained high to this day with prices ranging…

FridayApr 30, 2010 9:36 am

Inergetics, Inc. (MBTG.OB) Lines Up Windmill Health Products for Worldwide Marketing of SurgexTM

Inergetics Inc., formerly Millennium Biotechnologies Group Inc., and currently still trading under MBTG.OB, announced today that they have agreed in principle to have Windmill Health Products sell and market its SurgexTM nutritional supplement worldwide under a three year exclusive distributor relationship. Inergetics is a leading developer of nutritional supplements for the clinical health and sports supplement markets, and offers Surgex sports nutrition formula and Resurgex line of nutrition products for the assisted living community. Windmill Health Products LLC is a leading marketer and distributor of nutritional products. Surgex is a clinically validated calorically dense nutritional formula, designed to improve athletic…

FridayApr 30, 2010 8:50 am

Iconic Brands, Inc. (ICNB.OB) Video Chart for Friday, April 30, 2010

ICNB should be on your watchlist for next week. The stock is just coming off a double bottom. Watch the video to find out what to look for as ICNB makes its move. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=387 Let us hear your thoughts below:

FridayApr 30, 2010 8:37 am

Consorteum Holdings Inc. (CSRH.OB) Announces Appointment of New Vice President of Sales

Consorteum Holdings, Inc. was pleased to announce yesterday that Mr. Reiner Vanooteghem joined the company as Vice President of Sales. Responsible for driving new and existing initiatives as well as managing the teams within Consorteum’s joint ventures, Mr. Vanooteghem will be accountable to the board for sales results on a quarterly basis. Mr. Vanooteghem has accumulated a wealth of knowledge within the payments industry, from card manufacturing and personalization for prepaid debit cards to credit card processing. He has spent the majority of his career in domestic and international sales. While in the card manufacturing business, Mr. Vanooteghem successfully helped…

FridayApr 30, 2010 7:36 am

Bergio International, Inc. (BRGO.OB) Expands to Europe

Leading jeweler Bergio International, Inc. announced today that the company is working towards expanding in Europe, with its first retail site in Munich for the fourth quarter of 2010. Bergio representatives commented that the completion of this store will aid in attracting more favorable candidates, strengthening its acquisition strategy and providing a model for future prospects. Berge Abajian, CEO of Bergio International, Inc., commented, "I'm very excited about the prospect of our first flagship store and promise it to be a standard for future locations proposed in Milan and Zurich. Additionally, this should further deepen the brand domestically as well…

FridayApr 30, 2010 7:35 am

SOKO Fitness & Spa Group, Inc. (SOKF.OB) Announces Completion of Non-Brokered Private Placement Yielding Gross Proceeds of $10 Million

SOKO Fitness & Spa Group, Inc. announced yesterday the completion of a non-brokered private placement of 3,125,000 shares of common stock at a purchase price of $3.20 per share. This yielded gross proceeds of $10 million to SOKO. They made the offering to select institutional and accredited investors. These included two affiliates of IDG Capital Partners and existing investor Guerilla Capital and their affiliates. IDG Capital Partners is a China-focused investment firm. They have a strong record of accomplishment of providing capital for Chinese growth companies. Guerilla Capital Management and their affiliates are active China investors. There was no issuing…

ThursdayApr 29, 2010 2:57 pm

North State Bancorp (NSBC) Reports Lower Net Income and Decline in Asset Quality

North State Bancorp reported net income of $514,000, or $0.07 per diluted share, in the first quarter of 2010. The bank earned $833,000, or $0.11 per diluted share, in the first quarter of 2009. North State Bancorp attributed the decline in earnings to an increase in the loan loss provision, higher premiums from the Federal Deposit Insurance Corporation (FDIC) for the bank insurance fund and higher expenses due to foreclosed real estate. Larry D. Barbour, the CEO of North State Bancorp, said, “We are pleased to report positive earnings in a difficult economy, one that has as much uncertainty as…

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