Blog - Page 3737 of 5550

FridayApr 09, 2010 11:27 am

Bank of McKenney (BOMK) Reports Strong Increase in Net Income

Bank of McKenney reported net income of $448,000, or $0.24 per diluted share, in the first quarter of 2010. The company earned net income of $278,000, or $0.24 per diluted share, in the same quarter of 2009. The management of Bank of McKenney attributed the strong increase in net income to a deliberate strategy by the bank to lower duration in its investment portfolio in anticipation of a tightening in monetary policy. “This has been an exceptionally profitable quarter for the Bank. In 2007 and 2008, we implemented an investment strategy focused on the unrealistically high yields available in the…

FridayApr 09, 2010 11:26 am

BakBone Software (BKBO.OB) Names Steve Martin Interim CEO and Expects Fourth Quarter Booking to be Within Guidance

Universal Data Management provides a data-centric approach to integrating data protection and improving corporate compliance that allows companies to take the next step towards prominence. Today, BakBone took a step towards enhancing its future by naming an Interim CEO and announcing its fourth quarter bookings. Taking over as BakBone’s Interim CEO is Steve Martin who is the young company’s current CFO. Martin joined BakBone in August of 2008 and has evolved into a respected leader in the industry. Martin replaces James R. Johnson who ceases to be BakBone’s President and CEO after submitting his resignation. In addition to naming Martin…

FridayApr 09, 2010 11:23 am

MMR Information Systems (MMRF.OB) Signs With Chartis to Offer Electronic Personal Health Records Worldwide

MMR Information Systems has been chosen by Chartis Inc., a global property-casualty and general insurance organization serving more than 40 million clients worldwide, to power a system allowing policyholders and their families to access, store, and manage their electronic personal health records and other important documents. Through a strategic alliance with MMR, Chartis will initially offer health records to accident and health policyholders, but is expected to expand the offering to additional product lines in the coming months. The system will be based upon MMR’s MyMedicalRecordsTM technology, and allows records (initially available in 7 different languages) to be accessed and…

FridayApr 09, 2010 11:17 am

Newport Digital Technologies, Inc. (NPDT.OB) Video Chart for Friday, April 9, 2010

Today’s video takes another look at NPDT. It is time to start looking at Newport as a longer term trade as the chart appears to have possibly found a bottom. Watch the video to see what we see. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=372 Let us hear your thoughts below:

FridayApr 09, 2010 11:01 am

Inovio Biomedical Corp. (INO) Awarded Grant for Hepatitis C Virus DNA Vaccine Research

Inovio Biomedical Corp. is focused on the design, development and delivery of a new generation of vaccines, called DNA vaccines, to prevent and treat cancers and infectious diseases. The company's SynCon technology enables the design of universal vaccines capable of protecting against multiple strains of pathogens such as influenza. The company announced that it and its team of brilliant researchers and collaborators from Drexel University, Cheyney University and the University of Pennsylvania have received a $2.8 million grant from the Pennsylvania Department of Health to develop a DNA vaccine to treat hepatitis C virus (HCV). The grant will fund pre-clinical…

FridayApr 09, 2010 11:00 am

Avanir Pharmaceuticals Inc. (AVNR) Accepted for “Late Breaking Science” Presentation

As the 2011-12 patent drop-off for a majority of solid selling pharma products approaches, and phase III trial products are watched even more closely by the larger pharma companies, a solid report here or there can only boost value in a company. As the FDA vary rarely telegraphs its likelihood of acceptance for a new drug product, placing an investment on a pharma research company is still a risk. But if the investment pans out, it could provide a very large return. Avanir Pharmaceuticals Inc., a biopharmaceutical company, focuses on acquiring, developing and commercializing drug candidates directed primarily at the…

FridayApr 09, 2010 10:56 am

Sino Clean Energy, Inc. (SCLX) Reports Net Income for 2009 – Raises Guidance for 2010

Sino Clean Energy, Inc. reported adjusted net income of $11.0 million, or $0.11 per share, in 2009. The company earned $5.0 million, or $0.03 per share, in 2008. Sino Clean Energy, Inc. reported a large increase in revenues as well. The company had revenues of $46.0 million in 2009, compared to $14.3 million in 2008. Sino Clean Energy, Inc. said that net income and revenues in 2009 exceeded guidance given by the company. “We are pleased to have exceeded both revenue and net income guidance for 2009, and expect sales of our coal water slurry fuel to continue to increase…

FridayApr 09, 2010 9:39 am

eDoorways Corp. (EDWY.PK) Anticipates Successful Shareholder Conference Call Following Additional Platform Developments and Written Address

eDoorways Corp.’s recent release of the Facebook integration model, offline notification through Twitter, and post of the written address to shareholders has many in the investment community interested in today's shareholder conference call that will take place at 1:00 PM Eastern. Mr. Gary Kimmons, Chairman & CEO of the eDoorways Corporation, commented, "Yesterday's improvements to beta version 2.5 have resulted in significantly more sign-ups to eDoorways in a single day than what we've seen since our launch this past December. However, an unexpected and amazingly overwhelming positive response has come from last night's post of the shareholder's written address. It…

FridayApr 09, 2010 8:51 am

Weststar Financial Services Corp. (WFSC.OB) Posts Quarterly, FY Results Reflecting Negative Economic Environment

Weststar Financial Services Corp. today posted its preliminary financial results for 2009, reporting that its quarterly and full-year results were heavily impacted by an aggressive increase in provision for loan losses stemming from growth in the loan portfolio, continued weak regional economic conditions, decreasing real estate values, charged-off loans, and an increased number of past dues and troubled debt restructures. "During the past year we worked to meet the loan needs of our community in a challenging economy. While there were signs that the national economy was improving, we saw continued deterioration in economic activity beginning in the fourth quarter…

FridayApr 09, 2010 8:32 am

Mitcham Industries, Inc. (MIND) Reports Increase in Net Income and Revenues

Mitcham Industries, Inc. reported net income of $584,000, or $0.06 per diluted share, in the fourth quarter of fiscal 2010. In the same quarter of fiscal 2009, the company earned $421,000, or $0.04 per diluted share. Revenues also increased, to $17.4 million in the fourth quarter of fiscal 2010 from $16.2 million in last year’s fourth fiscal quarter. The company attributed the increase in sales to strong results at the Seamap segment and higher demand for lease pool equipment. Bill Mitcham, the CEO of Mitcham Industries, Inc., said, “Despite the challenging operating environment, we are pleased to report another profitable…

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