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WednesdaySep 01, 2010 8:19 am

Concurrent (CCUR) Reports Results For Fiscal 2010

Concurrent reported a decline in sales and a net loss for fiscal 2010 due to lower capital expenditures by some of its customers. Concurrent reported sales of $60.4 million in fiscal 2010, compared to $71.6 million in fiscal 2009. The company reported a net loss of $1.0 million, or ($0.12) per diluted share in fiscal 2010, compared to a net loss of $14.4 million, or ($1.75) per diluted share in fiscal 2009. The large net loss in fiscal 2009 was caused by a $17.1 million impairment charge. The management of Concurrent attributed the decrease in sales in fiscal 2010 to…

WednesdaySep 01, 2010 8:17 am

Silverado Gold Mines Ltd. (SLGLF.OB) Drill Core Examination Shows Mineralized Widths Over 60 Feet

Silverado Gold Mines Ltd. noted in a press release yesterday that the antimony markets have advanced from $4,000 per tonne (2200 lbs.) in early 2009 to $9,800 per tonne in July 2010. This is according to Martin Hayes, chief correspondent of TheBullionDesk.com, a London metals trading company. The U.S. Geological Survey (USGS) shows that China produced 170,000 tonnes of antimony out of a total 2009 global output of 187,000 tonnes. China is the world's largest producer of antimony. Chinese smelters are being rebuilt to upgrade scrubbing systems (pollution controls) and mine production is off dramatically due to mine closures because…

WednesdaySep 01, 2010 8:15 am

Micro Identification Technologies, Inc. (MMTC.OB) Builds Manufacturing To Meet Growing Demand

Micro Identification Technologies Inc., developers of the MIT 1000, a patented microbial identification system that can identify bacteria faster and less expensively than any other method available, today announced that it is making significant progress in the production of the MIT 1000. This is important, since demand for the revolutionary system, already used by the U.S. Department of Agriculture and the Japanese Ministry of Food Safety, has been building. Their success in growing manufacturing capability is due largely to the company’s recent manufacturing alliance with OSI Optoelectronics (OSIO), a subsidiary of OSI Systems (NASDAQ: OSIS), to produce the MIT 1000.…

TuesdayAug 31, 2010 3:49 pm

Delek Group Ltd. (DGRLY.PK) Posts First Half and Q3 2010 Financial Results

Delek Group Ltd. today reported its financial results for the three- and six-month period ended June 30, 2010. Group revenues in the second quarter of 2010 amounted to NIS 10.4 billion, compared with NIS 10.8 billion in the second quarter of 2009. For the first six months of 2010, Delek reported group revenues at NIS 21.8 billion, an increase of approximately 10 percent compared with NIS 19.9 billion in the same period in 2009. The company attributes the increase in six-month revenues primarily to increased sales at the refinery in Tyler, Texas. Operating profit in the second quarter of 2010…

TuesdayAug 31, 2010 2:53 pm

S&W Seed Company (SANW) Reports Sales Increase During Fiscal 2010

S&W Seed Company reported net income of $0.38 million, or $0.11 per diluted share, for fiscal 2010. The company reported net income of $0.37 million, or $0.13 per diluted share, in fiscal 2009. S&W Seed Company reported a sharp increase in sales on a year over basis. The company reported $6.7 million in sales in fiscal 2010, compared to $4.9 million in fiscal 2009. S&W Seed Company recently became a public company through an initial public offering of stock. The company sold one million units at a price of $11.00 per unit, with each unit consisting of two shares of…

TuesdayAug 31, 2010 2:52 pm

China Gerui Advanced Materials Group Ltd. (CHOP) Reports Second Quarter 2010 Results

China Gerui Advanced Materials Group Ltd. reported a strong year over year increase in net income and sales in the second quarter of 2010 ending 6/30/2010. The company reported net income of $12.1 million in the second quarter of 2010, compared to net income of $11.4 million in the corresponding period in 2009. This represented a six percent increase in net income. China Gerui Advanced Materials Group reported a sixteen percent increase in sales. The company reported sales of $64.0 million in the second quarter of 2010, compared to $55.4 million in the same quarter of 2009. The management of…

TuesdayAug 31, 2010 1:55 pm

UFood Restaurant Group, Inc. (UFFC.OB) Expands via New Agreement with Robinson Hill Hospitality Group

UFood, www.ufoodgrill.com, has modeled its success around a very simple philosophy of providing great-tasting/healthy food fast. Today the Company announced the signing of an area development agreement with Robinson Hill Hospitality Group (RHHG) of Chicago which will result in tacking on several new UFood Grill locations at five major US airports. President of the decade-old airport food franchise operating company, RHHG’s Dee Robinson, welcomed the expansion and cited the incredible success of the recently opened Cleveland/Hopkins Airport UFood Grill by RHHG as instrumental to continued cooperation. Chairman and CEO of UFFC, George Naddaff, named Robinson personally in welcoming this franchisee…

TuesdayAug 31, 2010 1:53 pm

Endeavour International Corporation (END) Sells Off One North Sea Asset for $110M, Applies Cash to Remaining Developments

Endeavour International, www.endeavourcorp.com – the independent oil and gas exploration firm focusing on the North Sea and the US, announced the signing today of a definitive agreement with Bayergas Norge AS subsidiary, Bayergas UK Ltd., effectively selling the Company’s Cygnus asset in the North Sea’s Southern Gas Basin for reported $110 M cash. Unburdened by any current tax payable, the cash proceeds will be directed towards the development of END’s Bacchus and Rochelle projects in the North Sea, as well as the onshore Haynesville shale project in the US. With closing projected in the next 60 days, pending approval by…

TuesdayAug 31, 2010 1:40 pm

Niusule Biotech Corp. (NIUS.OB) Inks Distribution Deal with China Nepstar for Gummy Bear Product

Niusule Biotech Corp. is a rapidly emerging China-based bio-pharmaceutical company focusing on animal-health products and human nutraceutical supplements. The company’s human product line has a retail distribution network of 226 outlets throughout China, including supermarkets and shopping malls. The company today announced a distribution agreement with China Nepstar Chain Drugstore Ltd., China's largest retail drugstore chain based on the number of directly operated stores. The agreement took effect August 25 and calls for the distribution of Niusule's nutrition supplement product Gummy Bear in Nepstar's 55 stores in Hangzhou. In the future, Niusule said it expects to extend sales through Nepstar's…

TuesdayAug 31, 2010 11:44 am

Electro Rent Corp. (ELRC) Featured by TinyGems

For more than three decades, Electro Rent Corp. has focused the efforts of every department to supply quick answers and rapidly fill orders. As one of the world's oldest and the largest rent/lease providers of test and measurement equipment, the company has established relationships with major industry manufacturers that go back decades. Because Electro Rent's annual purchases are often larger than the competition, top-name manufacturers give the company priority and information competitors simply cannot attain. Today, Electro Rent leads the international rent/lease industry through its flexible financial programs, administrative services, and knowledgeable sales/technical staff. It offers its test and measurement…

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