Blog - Page 3724 of 5390

WednesdayNov 11, 2009 10:21 am

Crown Crafts, Inc. (CRWS) Reports Profit in Second Quarter

Crown Crafts, Inc. reported net income of $0.83 million, or $0.08 per share, in its second fiscal quarter ending 9/27/2009. The company earned $1.04 million, or $0.11 per share, in the same quarter last year. Revenues were $21.7 million in the quarter, down from the $23.8 million reported last year. Randall Chestnut, the CEO of Crown Crafts, Inc., cited weak demand from its customers in the retail sector. “We are responding to the challenging economic environment by aggressively managing our cash flow…we are confident that we are well positioned to benefit as the economy recovers," said Chestnut. Crown Crafts, Inc.…

WednesdayNov 11, 2009 10:19 am

Vivakor, Inc. (VIVK.OB) Signs Distribution & Purchase Order Contract

Vivakor, Inc. announced that it has signed an exclusive distribution agreement with consumer product specialist Regeneca International, Inc. for one of its proprietary, cutting-edge nutraceutical formulations. In concurrence with this agreement was an immediate purchase order from Regeneca for 25,000 units of the product. Both companies hope this agreement is the beginning of a long term relationship for product commercialization. Vivakor CEO Tannin Fuja expressed his enthusiasm, “We are very excited for the possibilities of Vivakor’s line of nutraceutical products. Worldwide demand for nutraceutical products is expected to exceed $15 billion and Vivakor plans on being a substantial player in…

WednesdayNov 11, 2009 9:02 am

Solar Energy Initiatives, Inc. (SNRY.OB) Appoints Mr. Thomas Polich as Chief Operating Officer

Solar Energy Initiatives, Inc., a company focused on executing its corporate mission to Renew The Nation, creating economic development through the sale and installation of Solar Thermal, Photovoltaic (PV) and other Solar technologies, this morning announced Mr. Thomas A. Polich, Esq. has joined the senior management team as Chief Operating Officer. As COO, Mr. Polich will be responsible for managing the strategic development of distribution and sales networks and solar power projects. He will also lead the streamlining of all operational procedures for near and mid-term markets, commercial, private vendors and suppliers, and enhance the company’s ability to monetize new…

WednesdayNov 11, 2009 8:39 am

Clenergen Corp. (CRGE.OB) Subsidiary Selects Merchant Bank for Public Floatation in India and Listing on National Stock Exchange of India Limited (NSE) and Bombay Stock Exhange Limited (BSE)

The Chennai (India) based Clenergen India Private Limited, a wholly owned subsidiary of Clenergen Corporation, announced today that ICICI Securities Limited has agreed to be the Lead Merchant Banker for the fund raising exercise through issuance of equity shares in India for Clenergen's 16MW and 64MW gasification technology based power plants. The cost of the two projects, which together will generate 80MW/Hr of clean, renewable electricity, has been projected to total US$ 236.47 million, out of which a sum of US$ 153.70 million is planned to be raised in the form of long term debt. This assignment has been mandated…

TuesdayNov 10, 2009 1:35 pm

BlueFire Ethanol Fuels, Inc. (BFRE.OB) CEO to Address Cellulosic Biofuels Summit, Emphasizing Sector-Wide Financing Initiatives

BlueFire Ethanol Fuels, Inc., a pioneer in cellulosic ethanol production via its proprietary conversion process utilizing concentrated acid hydrolysis, disclosed today that their CEO, Arnold Klann, will attend the 4th Annual Cellulosic Biofuels Summit (CBS) next week on Nov. 17. The event will be held in Washington, D.C. Standing alongside executives from across the cellulosic biofuel industry, such as Dr. Kristina M. Johnson, Under Secretary for the Department of Energy, and Bob Dinneen, President and CEO of the Renewable Fuels Association, Klann will help resolve financing issues facing the industry. Klann expressed BFRE’s pleasure at participating in the CBS and…

TuesdayNov 10, 2009 1:27 pm

Mutual Funds Offer an Option for Diversification

Any investor must understand the need for a diversified portfolio. Diversification, however, can take many forms. Equities, commodities, bonds, treasuries and mutual funds are all a general option in this regard. The question is what portion of allocated funds. This individual choice is a hard one but one that needs to be made as a responsible investor. Individual circumstances dictate differing answers to the question. Mutual funds, however, offer one part of the answer. These diversified investment opportunities come in many forms and are directed at many differing investment opportunities. Choosing a mutual fund that works for a particular circumstance…

TuesdayNov 10, 2009 1:13 pm

Synthetech Inc. (NZYM.OB) Posts 22% Increase in Q2 2010 Revenue; Insight into Upcoming Endeavors

Fine chemicals company Synthetech Inc. today announced its second quarter of fiscal 2010 results, which ended September 30, 2009, posting improvements across the board, fueled by pipeline projects, operational efficiencies and other growth initiatives. Revenue for the quarter was $4.0 million, up 22 percent from revenue of $3.3 million in the second quarter of fiscal 2009. Operating income for the current quarter was $668,000, compared to an operating loss of $333,000 for the same period last year. Net income for the current quarter was $639,000, or $0.04 per share, compared to last year's second quarter net loss of $367,000, or…

TuesdayNov 10, 2009 1:00 pm

HealthSport, Inc. (HSPO.OB) Announces Agreement for $10 Million Investment by SMI Manufacturing

HealthSport Inc. is the preeminent formulator and developer of edible, multi-layer film strips that deliver over-the-counter drug, nutritional and dietary supplement actives through buccal (between the cheek and gum) and sublingual absorption as well as oral ingestion. The company's proprietary edible film strip technology has five patents pending and is believed to be superior to competitors' film strips already on the market. The company announced today that its strategic manufacturing partner, SMI Manufacturing, has agreed to invest $10 million into HealthSport. The investment is expected to accelerate the company's growth and strengthen its alliances with large pharmaceutical companies to provide…

TuesdayNov 10, 2009 12:56 pm

Newport Digital Technologies, Inc.’s (NPDT.OB) Superior WiMAX Solutions

Newport Digital Technologies Inc., in collaboration with the Information Industry Institute (III) of Taiwan, has become a leading global provider of solutions for WiMAX (Worldwide Interoperability for Microwave Access). WiMAX is a wireless communications technology (also known as IEEE 802.16) that essentially extends the benefits of wireless broadband beyond WiFi hotspots, which normally only reach 100-300 feet, to wide areas (up to 30 miles for fixed stations, and 3-10 miles for mobile stations). This means that superior connectivity is now available to more people in urban and even rural environments. WiMAX combines high data rates with greater scalability, lower costs,…

TuesdayNov 10, 2009 12:51 pm

Xcellink International, Inc. (XCEL.OB) Signs Agreement with 3i Infotech for iPhone Integration

Xcellink International Inc. is a developer of patented mobile payments and banking platforms. The company's unique process enables customers, rather than the merchants, to initiate, control and pay for all transactions without the need for any type of cards (credit, debit, etc.) in real-time anywhere, anytime and at a fraction of the cost of current transactions. The company announced today that it has executed an agreement with 3i Infotech for the development and integration of its patented software with Apple's iPhone technology. Xcellink is excited with this agreement because of the chance to work with a subsidiary of 3i Infotech…

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