Blog - Page 3787 of 5436

MondayOct 26, 2009 12:24 pm

VIASPACE, Inc. (VSPC.OB) Subsidiary Reports Increasing Sales, Expanded Distribution of Framed Art

VIASPACE Inc. announced earlier today that its framed-art subsidiary Inter-Pacific Arts (IPA) signed sales contracts with four new customers. These customers included two large furniture chain-retailers on the East Coast and two high-volume furniture wholesalers that sell through catalogs and outlet stores. Shipments are anticipated to begin before this year's holiday season. According to the press release, the subsidiary is also in discussions with other retailers and wholesalers, including "big box" wholesale-to-the-public membership clubs. IPA realizes that the economic downturn has affected all areas of consumer spending. However, the subsidiary’s commitment to increasing its customer base is expected to enhance…

MondayOct 26, 2009 11:06 am

NanoViricides, Inc. (NNVC.OB) Reports Progress in Drug Development Programs and Fiscal Responsibility

One company that has been gaining acclaim in their industry, but not on Wall Street, is NanoViricides. An odd series of events is causing confusion in the marketplace. NanoViricides is a development stage company that is creating special purpose nanomaterials for viral therapy. Based in Connecticut, the young company has gained raved reviews for its HIVCode which could result in a functional cure for HIV/AIDS. Besides the HIVCode, NanoViricides has been making progress in all aspects of their company. NanoViricides has reported that it is well-financed into the future and its game changing anti-viral and drug programs have continued to…

MondayOct 26, 2009 11:03 am

Honeywell International Inc. (HON) Third Quarter Profit Declines but Beats Expectations

Honeywell International Inc., a Fortune 100 diversified technology and manufacturing leader, recently announced that the company’s third-quarter profit fell 15 percent due to slower sales in all its divisions with aviation and industrial products continuing to struggle. For the third quarter ended September 30, the company earned $608 million, or 80 cents per share, down from $719 million, or 97 cents per share, one year ago. In addition, revenue declined 17 percent to $7.7 billion, down from $9.28 billion during the third quarter of 2008. Analysts surveyed by Thomson Reuters expected lower earnings of 72 cents per share on higher…

MondayOct 26, 2009 11:01 am

Gran Tierra Energy (GTE) Finds itself Ahead of Oil Production Targets and Possible Royalty Payments

Being in the right place with the right product is more than half the game when it comes to making profit. The oil commodity market is a prime example. There will be times when the price for the commodity is down and a company needs to retrench. Other times find the market flying high with profits flowing nicely. In either event, a company must be ready for the cycle to change. If a company can time there activities to match what "may" happen in the pricing cycle, large profit windfalls can occur. Gran Tierra Energy Inc., an oil and gas…

MondayOct 26, 2009 10:57 am

Magnum Hunter Resources Corp. (MHR) Secures $150M Revolving Credit Facility

Magnum Hunter Resources Corp. announced today a three-year, senior secured, revolving credit facility with the Bank of Montreal (BMO). This new $150 million bank facility will be regulated via a semi-annual redetermination of its borrowing base, whose value will be allocated to MHR’s proved crude oil and natural gas reserves. MHR, and its subsidiaries, is an independent oil and natural gas exploration and production company based in Houston, Texas. Focused on leveraging the expertise of its management team to create maximal value for its shareholders, MHR enjoys an annual ROI of approximately 37%. The price of shares jumped 11% in…

MondayOct 26, 2009 10:54 am

West Coast Bancorp (WCBO) Raises Capital through Preferred Stock Offering

West Coast Bancorp raised capital of $155 million in an offering of two separate issues of Convertible Preferred Stock to institutional investors, including MFP Partners, L.P., Castle Creek Capital, and GF Financial, LLC. West Coast Bancorp issued 1.43 million shares of Series A Mandatorily Convertible Participating Preferred Stock and 0.12 million shares of Series B Convertible Participating Preferred Stock. The Series A stock is convertible into 71.4 million shares of West Coast Bancorp at a price of $2.00 per share. The Series B stock is convertible into 6.1 million shares of West Coast Bancorp also at a price of $2.00…

MondayOct 26, 2009 9:00 am

Magnum D’Or Resources, Inc. (MDOR.OB) Receives Coverage in Prominent Investor Magazine

Next generation rubber recycling solutions company, Magnum D'Or Resources, Inc., takes the opportunity today to release market updates. MDOR and Magnum SRI 'Next generation' Custom Compounds have recently received front-page coverage from Malaysia's best selling and highly regarded publication on business and investment, 'The Edge.' The publication caters to clients with interest in the Malaysian financial market. 'The Edge' is one of the first widely circulated professional information organizations to recognize the company’s’ technological advancements. The publication highlighted the developments of Magnum/SRI and how it will advance the future for OEM Virgin Tire and Retread tire manufactures. The publication also…

MondayOct 26, 2009 8:50 am

Quick-Med Technologies, Inc. (QMDT.OB) Receives FDA Guidance for NIMBUS Product

Today, Quick-Med Technologies, Inc. announced that the FDA has issued guidance to support the company’s NIMBUS® barrier gauze wound dressings as Class II medical devices. The innovative wound dressing received its initial market clearance in February 2009 following the FDA’s “De Novo” review process, a special clearance program for medical devices that are “not substantially equivalent” to any predicate device. Ladd Greeno, Quick-Med CEO, stated, “This guidance is important because it now lets us pursue other planned medical device applications using our own bandage product as a predicate device. And since we have significant patent protection using this molecule, we…

MondayOct 26, 2009 8:35 am

Wayne Savings Bancshares, Inc. (WAYN) Reports Second Quarter Profit

Wayne Savings Bancshares, Inc. reported earnings for its second fiscal quarter of 2009 totaling $652,000, or $0.23 per share. This was up slightly from the $601,000, or $0.21 per share, it reported in the same quarter last year. Wayne Savings Bancshares, Inc. achieved year over year growth in net income despite a quadrupling of loan loss reserves from $100,000 to $380,000. The bank reported 1.37%, or $5.5 million, of its total assets as nonperforming as of 9/30/2009. The bank saw its net interest income increase $284,000 on a year over year basis as interest expenses fell by a greater amount…

MondayOct 26, 2009 8:32 am

Park City Group, Inc. (PCYG.OB) Previews Strong First Quarter Results

Park City Group, Inc., a retail supply chain solutions company, Friday announced that it expects fiscal first quarter Earnings per Share and EBITDA to exceed expectations with improvement driven by strong revenue growth and expense management initiatives. Highlights of fiscal first quarter preliminary results for the quarter ended September 30, 2009 are below: • Revenue in the range of $2.6 and $2.7 million vs. $530,000 in the first quarter of fiscal 2009. The revenue increase was primarily due to the acquisition of Prescient Applied Intelligence, Inc. in January of 2009. • Sequential quarterly EBITDA improvement of 60% with first quarter…

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