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TuesdayMay 18, 2010 12:21 pm

New Energy Systems Group (NEWN.OB) Welcomes Li Liu to Board

Lithium battery and power systems expert New Energy Systems Group announced today that it has welcomed a new member to its Board of Directors: Mr. Li Liu. As an independent member, his appointment brings the number of independent directors to two out of a total of four board members. With his appointment, Mr. Li Liu adds over 20 years of senior engineering and business experience to New Energy Systems. Having successfully built and managed a variety of companies within the technical design space, Liu is well versed and prepared for his new role. Mr. Liu has served as general manager…

TuesdayMay 18, 2010 10:47 am

Alternet Systems, Inc. (ALYI.OB) to Acquire Proprietary Security Technology to Further Develop Subsidiary Business Strategy

Alternet Systems, Inc. announced today that they have agreed to terms to acquire proprietary technology to continue development of its business plan for their newly formed subsidiary, International Mobile Solutions (IMS). The technology to be acquired includes data and voice encryption and geo-positioning and tracking. The acquisition will complement partner technologies and will help IMS fulfill this product strategy as well as bring several projects in the sales pipeline. Details of the transaction and consummation of the deal are expected in June. Alternet, a company which operates as an enabler of mobile commerce services in the Americas and the Caribbean,…

TuesdayMay 18, 2010 10:18 am

VAALCO Energy, Inc. (EGY) Reports Higher Net Income in First Quarter of 2010

VAALCO Energy, Inc. reported net income of $6.0 million, or $0.11 per diluted share, in the first quarter of 2010. The company had a net loss of $12.6 million, or ($0.22) per diluted share, in the corresponding quarter in 2009. Revenues also moved up sharply, from $21.3 million in the first quarter of 2009 to $30.0 million in the quarter that just ended. The management of VAALCO Energy, Inc. said that the higher revenue was due to higher realized prices for oil, offset by lower sales volumes. VAALCO Energy, Inc. sold approximately 403,000 barrels of oil in the first quarter…

TuesdayMay 18, 2010 10:16 am

National Western Life Insurance Company (NWLI) Reports Higher Net Income in First Quarter of 2010

National Western Life Insurance Company reported net income of $18.4 million, or $5.20 per diluted Class A share, for the first quarter of 2010. The company earned $15.0 million, or $4.26 per diluted Class A, in the same quarter of 2009. National Western Life Insurance Company reported a large increase in revenue on a year over year basis. The company reported revenue of $144.3 million in the first quarter of 2010, up from $111.6 million in the same quarter of 2009. The management of National Western Life Insurance Company said that the improved results were due mostly to better performance…

TuesdayMay 18, 2010 10:15 am

American Jianye Greentech Holdings, Ltd. (AJGH.OB) Announces Retail Fuel Distribution Network Expansion

One company that is starting to develop a global presence is American Jianye Greentech Holdings, Ltd. With locations in Flushing, New York and China, American Jianye is an alternative fuel company that develops, manufactures, and distributes alcohol-based automobile fuel products throughout the People’s Republic of China. Today, American Jianye took a major step towards enhancing their future with the announcement it has expanded their retail fuel distribution network. The Laibin Municipal Government in the Guangxi Province, China will work in cooperation with American Jianye to open four new retail gas stations. The gas stations will be located in Guangxi and…

TuesdayMay 18, 2010 8:26 am

Heelys, Inc. (HLYS) Reports Loss in First Quarter of 2010

Heelys, Inc. reported a net loss of $1.2 million, or ($0.04) per diluted share, in the first quarter of 2010. The company also reported a loss of $1.3 million, or ($0.05) per diluted share in the same quarter of 2009. Heelys, Inc. reported a drop in revenue on a year over year basis, from $9.2 million in the first quarter of 2009 to $6.7 million in the quarter just ending. Gross margin in the first quarter of 2010 improved on a year over year basis to 47.9%, compared to 36.7% in the first quarter of 2009. The management of Heelys,…

TuesdayMay 18, 2010 8:23 am

Exar Corp. (EXAR) Reports Jump in Revenue in Fourth Quarter of Fiscal 2010

Exar Corp. reported a net loss of $3.3 million, or ($0.08) per share, in the fourth quarter of fiscal 2010, which ended 3/28/2010. The company reported a net loss of $4.6 million, or ($0.11) per share, in the corresponding quarter of 2009. Exar Corporation reported a large increase in revenue for the fourth quarter of fiscal 2010. The company had revenues of $38.5 million, compared to revenues of $23.9 million in the same quarter of 2009. Despite the GAAP loss in the final quarter of fiscal 2010, the management of Exar Corporation seemed optimistic on the upcoming fiscal year. Pete…

TuesdayMay 18, 2010 8:22 am

Allied Motion Technologies Inc. (AMOT) Announces Net Income and Significant Profit Improvement for the First Quarter of 2010

Allied Motion Technologies Inc., a designer, manufacturer and retailer of motion control products into applications that serve many industry sectors, recently announced that the company achieved net income of $734,000, or $0.09 per diluted share, compared to the quarter ended March 31, 2010. This gain is compared to a net loss of $730,000, or $0.10 per diluted share, for the same quarter in 2009. The company also posted a 14 percent gain in revenues for the quarter to $17.4 million compared to $15.3 million last year. Bookings for the quarter reached $26.2 million, an increase of over 54 percent when…

TuesdayMay 18, 2010 8:20 am

LecTec Corp. (LECT.OB) Announces 2010 First Quarter Results, Completion of Prototype and Management Changes

Yesterday, LecTec Corporation announced that they have released their 2010 first quarter financial information. In addition, they announced that they have completed a prototype of their hand sanitizer patch and are in the process of certain management changes. The Company's cash and cash equivalents decreased $5,586,555 for the three-month period ended March 31, 2010 to $10,179,552 from December 31, 2009. The decrease in cash and cash equivalents resulted mainly from cash dividend payments of $4,298,350 and from current operating expenses of $394,475 for the first quarter. Royalty income was $19,529 for the first quarter. This represents a decrease of $22,578…

TuesdayMay 18, 2010 8:11 am

American Oriental Bioengineering Inc. (AOB) Video Chart for Tuesday, May 18, 2010

AOB is a classic pincher play/bottom play setup. The hammer yesterday looks as if traders saw a solid buying opportunity. Today we will be looking for a candle to indicate a reversal or bounce is in the making. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=399 Let us hear your thoughts below:

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