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TuesdayMay 18, 2010 7:45 am

Founders Acquire Over 1 Million Shares of NetSol Technologies, Inc. (NTWK)

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, announced today that its three founding officers acquired over 1 million shares in the company through a private transaction. Purchased at the price of $0.87 on May 14, 2010, Najeeb Ghauri, CEO and Chairman, acquired 375,000 shares of stock, Salim Ghauri, President APAC, acquired 350,000 shares, and Naeem Ghauri, President NTE, acquired 309,383 shares. Each founder filed an SEC Form 4 to report the acquisition. NetSol Technologies, Inc. leverages its BestShoring(TM) practices and highly experienced resources to deliver high-quality, cost-effective solutions. Their suite of products and services…

TuesdayMay 18, 2010 7:39 am

Micro Identification Technologies, Inc. (MMTC.OB) Announces Expansion of Distributor Responsibility in Asia

This morning before the opening bell, Micro Identification Technologies, Inc. announced that it has expanded the contract of its Distributor Biotek Sdn Bhd to train all MIT distributors in Asia on the operation and service of the MIT 1000 Rapid Microbial Identification System. Currently, the distributor has facilities in Malaysia and is responsible for sales and service in Malaysia and other ASEAN countries, including: Indonesia, Singapore, The Philippines, Thailand, Cambodia and others. MIT currently has Asian distributors in Vietnam, South Korea, Japan, India and Turkey and plans to add others later this year. Biotek purchased a system in October of…

MondayMay 17, 2010 12:52 pm

Ultralife Corp. (ULBI) Receives $21 Million Order from Defense Contractor

Today, Ultralife Corp. reported that a U.S. defense contractor has placed approximately $21 million in orders for the company’s SATCOM-On-The-Move systems for use in its MRAP armored vehicles. Deliveries are expected to begin this quarter, with a completion target in the fourth quarter of 2010. Once solely a battery company, Ultralife Corporation now operates within three business segments: Battery & Energy Products, Communications Systems and Energy Services. The company provides a host of products and services that range from portable and standby power solutions to communications and electronics systems. Ultralife regularly serves government, defense and commercial customers across the globe,…

MondayMay 17, 2010 12:48 pm

China TMK Battery Systems Inc. (DFEL.OB) Posts Positive FY 2009 Results

China TMK Battery Systems Inc., a Chinese manufacturer and distributor of customized rechargeable battery solutions to global consumer product companies, today posted its financial results for the fiscal year ended December 31, 2009. For the 12 months ended December 31, 2009, China TMK reported a 32.3 percent increase in sales revenue to $48.6 million compared to the $36.8 million reported in 2008. International sales contributed 3.5 percent of sales while 97.5 percent reflects sales from the People’s Republic of China. The company reported net income for 2009 at approximately $7.5 million, a 32.5 percent increase compared to $5.7 million reported…

MondayMay 17, 2010 12:11 pm

National Automation Services Inc. (NASV.PK) Offers a Far Reaching Portfolio of Capabilities and Services

National Automation Services Inc. is establishing itself as a leader in the process controls and systems integration industry. By aligning with nationally recognized regulatory bodies, the company has gained significant marketplace credibility, product compliance integrity and the highest standards for service and products. The company offers an incredibly wide array of capabilities and services to their clients which include: PLCs – 25+ Years Combined Experience NAS’s engineering department has highly qualified control engineers on staff with combined experience of more than 25 years across many platforms and industries. Their PLC (programmable logic controller) programming experience is diverse with the majority…

MondayMay 17, 2010 12:06 pm

Zarlink Semiconductor, Inc. (ZL.TO) Sells Optical Products Segment and Focuses on Network Timing, Medical Wireless and Line Circuit Efforts

Zarlink Semiconductor, www.zarlink.com, the developer of world-class mixed-signal chips for a variety of applications with core proficiencies in Synchronous Ethernet timing chips for wireless/wired networks, and line circuits for high-quality voice networks, telecom networking, voice interface platforms and ultra-low power radio technology for wireless medical telemetry, announced the sale of its Optical Products group today to Tyco Electronics (TEL) for some $15M. President and CEO of Zarlink, Kirk Mandy, explained the sale as consistent with a strategic focus toward markets the Company can dominate, governed by a drive toward systemic efficiency improvements – noting that the transaction frees up development…

MondayMay 17, 2010 12:02 pm

General Environmental Management, Inc. (GEVI.OB) SCWW Subsidiary Cleaning Up in Waste Transportation and Disposal Sector

General Environmental Management, Inc.'s subsidiary Southern California Waste Water (SCWW), www.scww.com, recently celebrated its 50th year, having come a long way from its roots as a waste remediation facility for the oil and gas industry, evolving along with the market to lead California’s Non-Hazardous Waste Management sector by adapting to the changing demands of both oil/gas, domestic and industrial clients with a laser-focus on environmental compliance. Able to handle the entire gamut of needs from chemical toilet disposal to massive multi-million dollar remediation projects, the Company was named CA’s preferred Non-Hazardous Wastewater disposal preference by the EPA in 07, under…

MondayMay 17, 2010 11:54 am

Bovie Medical Corp. (BVX) Signs Veterans Affairs Oriented Medical Device Contract

As the current world economy struggles to find its footing and the North American health care system prepares for major change, one needs to wonder what the ultimate "new" health care system will entail. There are, however, certain aspects of the system that will remain. Locating which ones will survive and how they will be paid for is the trick. Cost is the key element in this regard and one that could lead to substantial profit if found. Bovie Medical Corp., a manufacturer and marketer of disposable medical products, manufactures and markets disposable medical devices primarily directed at surgical applications.…

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…

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