Blog - Page 3773 of 5604

MondayApr 26, 2010 8:44 am

Magyar Bancorp (MGYR) Reports Financial Results for Q1 2010

Magyar Bancorp reported net income of $279,000, or $0.05 per diluted share, in the first quarter of 2010, ending March 31. Magyar Bancorp earned $409,000, or $0.07 per diluted share, in the first quarter of 2009. The company blamed an increase in non-interest expenses for the year-over-year decline in net income. Magyar Bancorp saw an improvement in asset quality in the quarter relative to last year, and expressed optimism that the trend would continue in 2010 as the economy improves. John Fitzgerald, the CEO of Magyar Bancorp, said, “Our second quarter results show continued improvement in the Company's operations, including…

MondayApr 26, 2010 8:37 am

Rahaxi, Inc. (RHXI.OB) Video Chart for Monday, April 26, 2010

RHXI has made a quiet move the last couple trading days. We are looking for a possible continuation, but it needs to “kick it up a notch” these next couple days. Watch the video to see what needs to happen. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=384 Let us hear your thoughts below:

MondayApr 26, 2010 7:36 am

General Environmental Management, Inc. (GEVI.OB) Implements New Business Model to Drive Profitability and Higher Margins

General Environmental Management Inc.'s focus remains on implementing its revised business model to expand from an environmental services only company to an enterprise that begins with the treatment and disposal of non-hazardous wastewater at its subsidiary, Southern California Waste Water (SCWW), and expands to include a full spectrum of environmental services for its clients. The company’s ultimate goal is to establish a nationwide network of environmental facilities. “GEM has been providing a premium level of environmental solutions to clients in the Western Region of the United States for over seven years,” stated Timothy Koziol, Chief Executive Officer of GEM. “In…

MondayApr 26, 2010 7:11 am

TOMI Environmental Solutions, Inc. (TOMZ.OB) Announces QualityStocks Coverage

TOMI Environmental Solutions, Inc. announced they will be featured in upcoming Daily Newsletters, Daily Blogs, and Message Boards. QualityStocks has over 750,000 subscribers to The Daily Stock Newsletter, which is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters and puts it all into one Free Daily Newsletter Report. TOMZ is focused on providing environmental services that use UV ozone, activated hydrogen peroxide and UVGI-Filtration to achieve a safe and healthy indoor environment. The company’s state of the art equipment and 3-Dimensional application inactivate viruses, remove allergens and asthma triggers, and eliminate MRSA, C-Diff,…

MondayApr 26, 2010 7:08 am

Franco Lodato Joins Bluewave Group, Inc. (BLEW.OB) to Design MP4 Player

Bluewave Group, Inc. announced late Friday that they have retained Motorola's former Chief Designer, Franco Lodato. He will design the Company's innovative MP4 player, "The Rock". A sleek, affordable, MP4 device with various features, "The Rock" will sell with a multimedia offering from artists. This includes music, photos, and videos. The target production date for this particular MP4 player is this current calendar year. In addition to being user-friendly, the low cost of "The Rock" will make it accessible to the Lower Disposable Income market, as well as narrow the gap of the "digital divide." Bluewave Group, Inc. President Mr.…

MondayApr 26, 2010 7:05 am

Advanced Energy Industries, Inc. (AEIS) Reports Strong Increase in Net Income and Revenues

Advanced Energy Industries, Inc. reported net income of $6.2 million, or $0.15 per diluted share, in the first quarter of 2010. Net income increased sequentially from the $1.5 million, or $0.04 per diluted share, earned in the fourth quarter of 2009. The company lost $79.8 million, or $1.90 per share, in the first quarter of 2009. Advanced Energy Industries, Inc. also reported a strong increase in revenues on a sequential and year over year basis. Revenues in the first quarter of 2010 were $81.6 million, up from $66.4 million in the fourth quarter of 2009, and $32.6 million in the…

MondayApr 26, 2010 7:04 am

Mainland Resources, Inc. (MNLU.OB) Closes Sale of Shale Assets

Mainland Resources, Inc. closed on the sale of its assets in the Haynesville Shale in Louisiana to EXCO Resources (XCO). The sale is effective as of January 1, 2010. The assets are located in the East Holly Field, in DeSoto Parish, Louisiana, and Mainland Resources, Inc. received $28.16 million cash in the sale. Mainland Resources, Inc. said that the Haynesville Shale assets divested included the company’s 40% working interest in mineral rights at a depth lower than the base of the Cotton Valley Sand formation. The company kept a full interest in all formations above this base, including the Cotton…

MondayApr 26, 2010 7:02 am

Town and Country Financial Corp. (TWCF) Reports Decrease in First Quarter Net Income

Town and Country Financial Corp. reported net income of $316,000, or $0.11 per share, in the first quarter of 2010. This was down slightly from the $343,000, or $0.12 per share, reported for the same quarter of 2009. Despite the decrease in net income over last year, the company expressed optimism about the balance of 2010, but tempered the outlook with warnings on continued deterioration in asset quality and increased government regulations. David Kirschner, the CEO of Town and Country Financial Corporation, said, “We are cautiously optimistic about 2010. While mortgage refinance revenue is off significantly from last year, our…

MondayApr 26, 2010 7:00 am

China Agri-Business Inc. (CHBU.OB) Sums up 2009 Efforts, Offers Positive Outlook for 2010

China Agri-Business Inc. manufactures and distributes organic agricultural application products in China. The company recently commented on its full-year financial results for the 12 months ended December 31, 2009, noting its progress and expansion efforts, as well as its expectations for 2010. Sales for the full-year 2009 increased $116,175, or 4.0 percent, to $3,038,560 in 2009 from $2,922,385 in 2008. The company attributes the increase primarily to positive response to its newly launched expansion campaign, the "New Agriculture-Generator." "In the fourth quarter of 2008, we started an aggressive initiative that we call the 'New Agriculture-Generator.' The primary purpose of the…

FridayApr 23, 2010 3:09 pm

Seacoast Commerce Bank (SCCB.OB) Posts Unaudited Q1 Results and Continued Small-Business Loans

Seacoast Commerce Bank today announced its unaudited results of operations for the first quarter ended March 31, 2010, reporting a pre-provision expense (PPE) operating profit of $203,000 for the quarter compared to a PPE operating loss of $139,000 for the first quarter of 2008. The bank's net profit after provisions for loan losses in the first quarter of 2010 was $53,000 compared to a net loss of $434,000 for the same period last year. The company also noted several highlights, including asset growth of $31.7 million, or 39.4 percent, to a record $112.3 million; liquidity growth, defined as cash, due…

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