After a report was released stating that Citigroup Inc. might put itself up for sale, stocks opened sharply higher. Although it isn’t clear whether Citi is considering to sell parts of itself or the entire company, Wall Street and the financial sector overall showed optimism. Currently, the DOW is up 90 points (1.22%), the NASDAQ is up 28.55 points (2.17%), and the S&P is up 12.55 points (1.67%). Let us hear your thoughts below:
Worldwide Energy and Manufacturing USA, Inc. (WEMU.OB), a 15-year-old engineering-oriented firm specializing in PV panel, mechanical, electronics and fiber optic products manufacturing, recently announced record revenue and net income for the third quarter ended September 30, 2008. Total revenue for the third quarter climbed 546 percent to $19.1 million and quarterly net income increased 327 percent to $541,000. Net sales for the third quarter reached $19.1 million, an increase of $16.1 million or 546 percent, compared to $3.0 million for the corresponding period one-year earlier. The company attributes the sharp revenue gain to a significant increase in orders in the…
Given the current volatile economic climate, most companies might be tempted to keep their cards close to their vest when it comes to their future plans and sales goals. Not so with Action Products International, Inc. (API). Today, the Orlando, Florida based toy manufacturer and distributor offered the market a glimpse of what it expects to achieve in terms of sales for 2009 and how it will meet its goals. Even with consumer sentiment at its lowest levels in decades, API says its assets can generate better returns for shareholders. API has recently changed its management team and the new…
Vortex Resources today announced that it is adopting a share repurchase program. The Company’s Board of Directors decided on the program in light of the depressed value of Vortex’s market price. According to the press release, the program was designated to repurchase, at management’s discretion, up to 10,000,000 shares of common stock in the open market through December 31, 2009. The company stated that the repurchases will be made using cash resources and will be in accordance with Rule 10b-18 under the Securities Exchange Act of 1934 and other applicable laws, rules and regulations. Let us hear your thoughts: Vortex…
Stratos Renewables Corporation (SRNW.OB) continues to work at becoming a leading worldwide provider of ethanol fuel. Using sugarcane as its main raw material, the company has chosen to purchase acreage on the best farmland in Peru. Whereas this location may be considered an obstacle for some companies, Stratos has an experienced executive team that is successfully leading the company. As President and CEO, Tom Snyder is the head of the executive team. Snyder has a long track record as CEO of companies that have worldwide presences. He has successfully managed over 40 international complex industrial projects working towards the construction…
Exchange Media Corp. provides mobile phone users with a unique end-to-end multimedia video/audio solution. The company’s XCPlayer software allows these users to search, download, manage, and play published audio and video content. The software also incorporates value-added services such as video ring tones and real-time high resolution video. Currently, Exchange Media’s XCPlayer is the only service software of mobile video ring tones for commercial use in China. Because the software solution has excellent compatibility with numerous mobile phones, it can support millions of users regardless of their phone’s brand. The XCPlayer also supports all international audio/video codec standards and utilizes…
Founded in 1989, Valence Technology Inc. (Nasdaq: VLNC) has grown to become an international developer of lithium phosphate energy storage solutions. The company’s technology will allow it to enter into the eco-friendly motorcycle market. Valence today announced the completion of a supply agreement with Brammo Inc., which manufactures ultra-efficient, lightweight vehicles. Per the agreement, the companies will work on a collaborative development strategy in which Valence will provide lithium phosphate batteries for Brammo’s Enertia all-electric motorcycle. According to Valence, the deal represents the efforts of both companies in their quest to expand their presence in the storage solution and electric…
Drugstore.com, Inc., a leading online retailer of health, beauty, vision, and pharmacy products, today announced a strategic alliance with Medco Health Solutions, Inc. (MHS), the nation’s leading pharmacy benefit manager providing pharmacy benefits to over 60 million Americans. Under the agreement, Drugstore.com will provide non-prescription consumer health products, along with technical development, operation services, fulfillment capabilities, OTC merchandising, and customer care, for a Medco branded online store being offered to Medco members beginning in mid 2009. Drugstore.com Chairman and CEO, Dawn Lepore, commented on the plan. “The alliance supports our strategy to leverage the drugstore.com ecommerce health, beauty and wellness…
To say the least, the financial markets are a disappointment at the moment. There are, however, always opportunities that arise from a dynamic shift within an economy. Rapid and significant movements of capital allow one capital holder to withdraw, due to circumstance, and another to move in with capital to replace it. As we are now witnessing, a market based economy does not allow for voids in capital flows. One way or another capital must fill the void or problems erupt until the void is filled (hence today’s issues.) An astute investor is one that is willing to make his…
Axial Vector announced that it has formed a Joint Venture with Constellation Capital Management, LLC of Novato, CA. The Joint Venture will have the exclusive right to market Axial Vector’s proprietary generating equipment to replace existing generators in the nation’s wind power industry. The proprietary generators offer significantly greater increases in power generation, revenues and profits for each retrofit project. The Joint Venture, 80% of which is owned by Axial Vector, anticipates offering the cutting-edge generators to existing wind projects as an investment rather than a direct equipment sale. The proprietary generators’ advantageous ability to produce energy in low wind…
