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MondayMay 17, 2010 11:42 am

Shrink Nanotechnologies, Inc. (INKN.OB) Subsidiary Achieves 12.6% Optimal Efficiency in Published Study

One company that has started to earn recognition is Shrink Nanotechnologies, Inc. Located in Carlsbad, California, Shrink is a high-technology developing-stage company that makes ultra-functional nano-sized technologies, components and product systems. Today the company announced that its wholly-owned subsidiary's patent-pending Quantum Dot Solar Concentrator technology has demonstrated the ability to boost solar power absorption by silicon cells by nearly twice that of other leading photovoltaic materials. The results were released in a published study. The study was published in Applied Physics Letters (Vol. 96, Issue 19) online on May 11, 2010. Entitled “Viability of using near infrared PbS quantum dots…

MondayMay 17, 2010 10:18 am

Mitek Systems (MITK.OB) Reports Profit for Second Quarter of Fiscal 2010

Mitek Systems, developer of advanced document image capturing software for use with camera-equipped mobile phones, today announced financial results for the second quarter of fiscal 2010 ended March 31, 2010, showing a significant improvement in both revenue and net income. Net sales for the second quarter increased 71% to $1,517,000, compared with $888,000 for the same quarter last year. In addition, net income for the second quarter entered positive territory, jumping from a net loss of $238,000 in the same quarter last year to a positive $7,000 this year. (Net income for the period was decreased by non-cash expenses totaling…

MondayMay 17, 2010 10:15 am

B Green Innovations (BGNN.OB) Reports Record First Quarter for 2010

In a 10-Q filed with the Security and Exchange Commission (SEC), B Green Innovations reported a net income of $1,377, 137 for the first three months of 2010 ending March 31st. In 2009 for the same period, B Green reported a net loss of $825,857. The filing also disclosed that total revenues increased 182%, gross profit increased 292% and total operating expenses were decreased by 1% for the first quarter in 2010 as compared to totals reported for the same quarter in 2009. With regards to the gains in income, Jerry Mahoney, Founder of B Green, commented, "We are proud…

MondayMay 17, 2010 10:10 am

eLandia International Inc. (ELAN.OB) Posts Solid First Quarter 2010 Results

eLandia International Inc. delivers an array of information and communications technology services to emerging markets. The company is focused geographically on Latin America, the Caribbean and the South Pacific and has more than 3,000 business customers in more than 17 countries in these regions. The company today announced its first quarter results for the period ending March 31, 2010. eLandia showed improvement in its key metrics, including a 25% growth in revenues over the same quarter last year. Excluding Venezuela, revenues increased 96% over the same quarter last year. The company's operations in Venezuela have been strategically reduced from 42%…

MondayMay 17, 2010 8:52 am

Jade Art Group Inc. (JADAE.OB) Video Chart for Monday, May 17, 2010

JADAE has a bullish engulfing 2-day candle pattern as of Friday. Today we are looking for confirmation of the reversal. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=398 Let us hear your thoughts below:

MondayMay 17, 2010 8:15 am

China Direct Industries, Inc. (CDII) Announces Contract to Supply Manganese Ore to Privately Held Trading and Refining Company

China Direct Industries, Inc., a U.S.-owned holding company operating in China in two core business segments, pure magnesium production and distribution of basic materials, recently announced that its wholly owned subsidiary, CDII Trading, Inc. has entered into a 12-month contract to supply manganese ore to a privately held China-based trading and refining company. CDII Trading expects to complete the first shipment in July 2010 after finalizing financing to produce the required quantity of ore to fulfill this contract. After completing the initial shipment, CDII Trading expects to supply additional monthly shipments to its China-based buyer over a 12-month period. The…

MondayMay 17, 2010 7:50 am

Simmons First National Corp. (SFNC) Expands their Operations outside Arkansas Border

Last Friday, Simmons First National Corporation announced that their wholly owned bank subsidiary, Simmons First National Bank, entered into a purchase and assumption agreement with loss share arrangements with the Federal Deposit Insurance Corporation (FDIC). The agreement is to purchase substantially all of the assets and to assume substantially all of the deposits and other liabilities of Southwest Community Bank in Springfield, Missouri. Upon completion of the acquisition, Simmons First will continue to remain extremely "well capitalized" by regulatory standards. They will require no additional capital to support this transaction. J. Thomas May, Chairman and CEO, said, "This acquisition is…

MondayMay 17, 2010 7:48 am

China Wind Systems, Inc. (CWS) Reports Sharply Higher Revenues and Net Income in First Quarter

China Wind Systems, Inc. reported net income of $1.9 million, or $0.08 per diluted share, in the first quarter of 2010. The company reported net income of $0.64 million, or $0.03 per diluted share, in the same quarter of 2009. China Wind Systems, Inc. also reported a large increase in revenue on a year over year basis. The company saw its revenue in the first quarter of 2010 increase to $16.8 million, up from $7.9 million in the same quarter of 2009. China Wind Systems, Inc. attributed the much improved results to higher sales of forged products to the wind…

MondayMay 17, 2010 7:47 am

North European Oil Royalty Trust (NRT) Reports Lower Net Income and Distributions in Second Fiscal Quarter of 2010

North European Oil Royalty Trust reported net income of $4.6 million, or $0.50 per unit, in the second quarter of fiscal 2010, which ended 4/30/2010. North European Oil Royalty Trust earned net income of $9.1 million, or $0.99 per unit, in the same quarter in fiscal 2009. North European Oil Royalty Trust said that the sharp decline in net income was due to a much lower realized price for natural gas, and lower sales volumes. North European Oil Royalty Trust receives royalty payments from agreements covering producing natural gas properties in the Oldenburg concession in Germany. The company has two…

MondayMay 17, 2010 7:46 am

AuthenTec (AUTH) Posts Q1 Results, Reports 30% Revenue Increase

AuthenTec Inc., a leading provider of security, identity management and touch control solutions, Friday reported financial results for the first quarter ended April 2, 2010. The company reported consolidated revenue of $9.2 million for the first quarter of 2010, a 30 percent increase over the first quarter of 2009. First-quarter revenue included $900,000 of revenue from AuthenTec’s Embedded Security Solutions, which it acquired from SafeNet Inc. in late February. “We made outstanding progress since our last earnings call in several areas including new product introductions, important design wins in the PC market, continued progress in the wireless market and finally,…

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