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ThursdayJun 10, 2010 7:59 am

NetSol Technologies, Inc.’s (NTWK) Announces SAP Certification for Its smartOCI(TM) Search Engine

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, announced this morning that the Company's eProcurement catalog search engine, smartOCI(TM), has been certified by SAP for integration with SAP applications. According to the press release, smartOCI(TM) achieved the highest level of certification with the B2B-OCI catalog interface, allowing buying organizations to use smartOCI(TM) to search and exchange catalog content from suppliers worldwide and transfer these purchasing requests to the SAP and SRM backend systems. Launched only a month ago, smartOCI(TM) is designed to provide corporate buyers and shoppers a simple and intuitive user interface to search…

ThursdayJun 10, 2010 7:28 am

The Men’s Wearhouse (MW) Reports Large Increase in Net Income for First Quarter

The Men's Wearhouse reported net income of $13.6 million, or $0.26 per diluted share, in the first fiscal quarter of 2010, which ended 5/1/2010. The company earned net income of $5.2 million, or $0.10 per diluted share, in the same quarter in 2009. The Men's Wearhouse reported that revenues increased slightly on a year over year basis, from $464.1 million in the first quarter of fiscal 2009 to $473.5 million in the quarter that just ended. The Men's Wearhouse released guidance for the second quarter of fiscal 2010, and expects diluted earnings per share to be in a range of…

ThursdayJun 10, 2010 7:22 am

Luby’s, Inc. (LUB) Reports Small GAAP Profit in Third Fiscal Quarter

Luby’s, Inc. reported net income of $730,000, or $0.03 per diluted share, in the third quarter of fiscal 2010, which ended 5/5/2010. The company reported a net loss of $1.0 million, or ($0.04) per diluted share, in the same quarter of fiscal 2009. Luby’s, Inc. reported a decline in same store sales of 4.8% in the third quarter of fiscal 2010. The company’s same store sales have declined by 10.2% for the first nine months of fiscal 2010. Revenues fell by 5% on a year over year basis, to $57.2 million in the quarter that just ended, compared to $60.4…

ThursdayJun 10, 2010 7:21 am

Product Line of VitaminSpice, LLC (VTMS.OB) to Sell in Award Winning Cleveland Restaurateur’s Locations

VitaminSpice, LLC announced yesterday that Angelo's restaurant has ordered, received, and now serves VitaminSpice. Angelo's was voted The Best Pizza in Cleveland and the 2010 Winner of the "Silver Spoon Award" sponsored by Cleveland Magazine. Mr. Elvis Serrano also placed further orders for his high-end Italian restaurant, The Grand River Grill, in Lakewood, Ohio. He will be using VitaminSpice products in his catering business as well. This is because the product was so well received and utilized by customers at Angelo's. The Grand River Grill places VitaminSpice products on each table so customers can increase the nutritional value of their…

ThursdayJun 10, 2010 7:18 am

National Automation Services, Inc. (NASV.PK) Provides Operations and Investor Update

Late yesterday evening, National Automation Services, Inc., a public holding company focused on designing, engineering, installing and maintaining automated control systems, provided current details regarding proposals, contracts awarded, backlog and market status. Proposals: •The company has $1.3 million currently "bid waiting -- a notice of results from the potential customer of whom, contracts are awarded" (bid award). •Currently there is $656 thousand in contracts being proposed in the next 30 days. Contracts Awarded: •NAS has been awarded $1.4 million in contracts to date. Backlog: •NAS currently has a back log of $1.2 million in contracts. Market Status: •NAS announced elevation…

ThursdayJun 10, 2010 1:27 am

Positive News Gives Indexes a Push

Increasing optimism gave major market indexes a boost yesterday, letting the DJIA flirt with 10,000. Though too early to reflect a general trend, the move up coincides with news suggesting that the global economy may have stronger legs than first thought. A Reuters’ report showing a significant increase in China’s exports helped allay fears that the world’s third largest economy could get throttled by the ongoing European debt crisis. Europe is China’s biggest export destination, having recently surpassed the U.S., but we depend upon both China and Europe for our own exports. If China falls into recession, it will be…

WednesdayJun 09, 2010 8:34 pm

ITEX Corp. (ITEX) Reports Growth in Net Income in Third Fiscal Quarter

ITEX Corp. reported net income of $269,000, or $0.08 per share, in the third quarter of fiscal 2010, which ended 4/30/2010. The company reported net income of $224,000, or $0.06 per share, in the same fiscal quarter of last year. ITEX Corporation also reported year over year growth in sales in the third quarter of fiscal 2010. The company reported sales of $4.1 million in the quarter ending 4/30/2010, compared to $3.9 million in the corresponding quarter in fiscal 2009. Steven White, the CEO of ITEX Corporation, said, “We executed quite well in the third quarter and I'm pleased to…

WednesdayJun 09, 2010 8:32 pm

IBERIABANK Corp. (IBKC) Defends Loan Portfolio

IBERIABANK Corp. released a statement detailing its loan exposure to industries in its service area that have been impacted by the explosion of the Deepwater Horizon drilling rig and subsequent oil spill. The oil spill has led to the closure of fishing grounds in the Gulf of Mexico, which impacts the fishing and seafood industries. IBERIABANK Corporation said that the bank had only $10,000 of net loans outstanding as of 5/31/2010 to these industries. The oil spill has also led to reluctance by tourists to visit vacation areas on the Gulf Coast, which impacts the seasonal tourist industry. IBERIABANK Corporation…

WednesdayJun 09, 2010 8:30 pm

Gazoo Energy Group (GAZU.OB) Unveils New Energy-Efficient Model Home in Palm Springs, California

Gazoo Energy Group, a publicly traded corporation focused on aggregating green energy companies and products, ranging in scope from energy saving devices to wind energy products, recently announced that the company has launched its new energy-savings model home in Palm Springs, California. Located at 2489 Tuscany Heights Drive, Lot 1, the new 3,900-square foot home features some of the most advanced eco-friendly technologies and a number of green energy and water efficient products. Gazoo Energy Group participates in California’s Property Assessed Clean Energy (PACE) Program and serves as the program’s only energy audit corporation. Gazoo Energy Group specializes in green…

WednesdayJun 09, 2010 1:16 pm

Unigene Laboratories, Inc. (UGNE.OB) Appoints Ashleigh Palmer to CEO Position

Unigene Laboratories, Inc. (UGNE) www.unigene.com – a leading biopharma developer focused on novel oral and nasal delivery systems for large-market peptide drugs, with specific emphasis on the huge and quickly growing osteoporosis market – announced today the appointment of Ashleigh Palmer to President and CEO of the Company. Palmer, who will be taking over for Dr. Warren Levy, was also appointed to the Board of Directors, a dual role which will allow him to bring his vast expertise in health care industry field operations, and his proven track record of nurturing R&D/commercial capacities, into play. Chairman of the Board at…

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