Blog - Page 3748 of 5484

FridayJan 29, 2010 9:38 am

NBT Holdings Inc. (NBTH.OB) Reports Strong Increase in Net Income

NBT Holdings Inc. reported net income of $633,000 in 2009, up nearly threefold from net income of $187,000 in 2008. NBT Holdings Inc. is a bank holding company that owns the Nashville Bank and Trust Company. The bank reported strong growth in assets, loans and deposits in 2009 compared to 2008. Total assets ended 2009 were $183 million, up 17.1%, while loans increased by 6.8% to $136 million. Deposit growth was even better, up 19.8%, to end 2009 at $155 million. NBT Holdings Inc. also has a solid balance sheet and reported no non-performing assets as of 12/31/2009. The bank…

FridayJan 29, 2010 9:01 am

Megola, Inc. (MGON.OB) Confirms Initial Order from EcoBlue Products, Inc.

Megola Inc. announced that the company has received the initial order and payment for their leading Hartindo Anti-Fire products. This order was placed by EcoBlu, Inc., fulfilling part of an agreement signed in November. Specifically, this order consists of 30 totes of Hartindo AF21 fire inhibitor concrete. This product will be incorporated into EcoBlu’s Fire Retardant Coating products and is scheduled to be delivered in the month of February. Darryl Germain, Megola C.O.O., stated, "EcoBlu has been diligent in conducting all testing necessary to meet the various wood industry requirements, including those for engineered wood products. Megola is extremely optimistic…

FridayJan 29, 2010 8:59 am

Bond Laboratories, Inc. (BNLB.OB) Reports 70 Percent Increase in Revenue for the Fourth Quarter 2009

Bond Laboratories, Inc., a manufacturer of innovative functional beverages and nutritional products, recently announced its financial results for the fourth quarter ended December 31, 2009. The company generated revenue from continuing operations of more than $1.7 million, compared to $1.0 million during the fourth quarter of 2008, an increase of 70 percent. Continuing operations for the fourth quarter of 2008 excludes approximately $360,000 of revenue directly attributable to operations divested by the company during the third quarter of 2009. Bond Laboratories attributes the company’s strong financial growth to solid expansion within its NDS division and the recent launch of Resurrection™…

FridayJan 29, 2010 8:57 am

International Speedway Corp. (ISCB.OB) Keeps Optimistic Edge despite Dismal Q4 and FY Figures

International Speedway Corp. yesterday posted its financial results for the fourth quarter and fiscal year ended November 30, 2009. Despite a rough year impacted by the recession, CEO Lesa France Kennedy said the company anticipates a stronger 2010. "We are excited about the upcoming 2010 motorsports season, despite the economic issues we still face which had a definite effect on our revenue last year," Kennedy stated in the press release. "We are optimistic that the economic recovery underway will continue to strengthen and we will begin to see positive changes in consumer and corporate spending. Benefiting our Company is the…

ThursdayJan 28, 2010 2:41 pm

American Dairy, Inc. (ADY) is “One to Watch”

American Dairy, Inc., through its subsidiaries, conducts operations in the People's Republic of China. The company is one of the leading producers and distributors of premium infant formula, milk powder, and soybean, rice and walnut products in the People's Republic of China. American Dairy’s products are specially formulated for particular ages, dietary needs and health concerns. The company has over 200 company-owned milk collection stations, two dairy farms, six production facilities with an aggregate milk powder production capacity of 1,220 tons per day and a distribution network that reaches over 90,000 retail outlets. The company’s growth strategy includes expanding production…

ThursdayJan 28, 2010 1:34 pm

Epic Corp. (EPOR.PK) Forms Strategic Relationship with Senior Care Holdings, Inc., Reveals 2010 Growth Initiatives

Epic Corp. has evolved over the years from its humble start as a semi-conductor company to become the unique healthcare financial services holding operation that it is today. Epic determines its worth through the growth of its subsidiaries and affiliates, and operates under the sound philosophy that by providing opportunities for investment to healthcare companies, it grows not only its network of value but the industry as a whole. Forming and financing development stage public companies (DSPC’s) in the healthcare sector, including real estate investment trusts which facilitate said companies, are essential to Epic’s growth strategy, which capitalizes on such…

ThursdayJan 28, 2010 1:26 pm

Clenergen Corp. (CRGE.OB) and Philippines-based National Power Corp. Sign MOA to Develop Green Energy

Clenergen Corporation announced today that it has signed a memorandum of agreement (MOA) with National Power Corporation (NPC) whereby a collaborative effort will ensue for the production of ‘green’ energy based on biomass power plants for NPC’s Small Power Utilities Group (SPUG), which handles plants in the 0.5-2MW range. Clenergen CEO Mark LM Quinn and NPC President Froilan A. Tampinco disclosed, in a special joint announcement, that feasibility studies would commence in areas NPC has determined to be the best potential sites for utilizing Clenergen’s technology. The sites selected by NPC for development of this initiative are Apayao, Banton, Concepcion,…

ThursdayJan 28, 2010 11:51 am

China North East Petroleum Holdings Ltd. (NEP) is “One to Watch”

China North East Petroleum Holdings Ltd., an independent oil company, focuses on producing crude oil in Northern China. Pioneering in China's private oil exploration and production industry, China North is the first Chinese non-state-owned oil company trading on the NYSE Amex. Leasing its first oil field in 2003, China North currently operates four oilfields with more than 247 wells in Northern China. According to a report prepared by PetroChina Jilin Branch of Research Institute for Exploration and Development, total geological reserves of the oilfields that NEP operates total 75 million barrels. With a firm foundation laid, China North aims to…

ThursdayJan 28, 2010 11:43 am

Toyota (TM) Steps On The Gas With Recall While Share Price Brakes

Toyota Motor Corp. accelerated its massive recall of cars over fears of potentially malfunctioning gas pedals as shares continued to decelerate, tumbling from their high of $91.78 to under $79 in a little over a week. The recall has now been expanded to include an additional 1.09 million vehicles in the U.S. (the 2008-2010 Highlander, 2009-2010 Corolla, 2009-2010 Venza, 2009-2010 Matrix, and 2009-2010 Pontiac Vibe). Already targeted cars include the 2009-2010 RAV4, 2005-1010 Avalon, certain 2007-2010 Camry, 2007-2010 Tundra, and 2008-2010 Sequoia. All of this comes on the heels of Toyota’s announcement of a huge sales and production suspension of…

ThursdayJan 28, 2010 11:26 am

Callon Petroleum Inc. (CPE) Stockholders Vote to Increase Number of Shares for Expansion

The oil and natural gas exploration and development game is nothing short of a roll of the dice from a company point of view. One can use all the technology in the world to find it and get it out of the ground but end up with a market price barely worth the effort. On the other end of the spectrum, one may get the product out of the ground as market conditions become exceedingly favorable. This is just the nature of the exploration process for a commodity. Presently, oil and natural gas are in favor. A company that can…

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