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MondayNov 02, 2009 3:39 pm

November 2nd CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: CHIP, CICS, CVM, FMTI, IMUC, INRK, IWEB, ONEZ Weak data on consumer spending and employment once again raised doubts about the strength of the economic recovery, and helped send investors running for the exits this week as markets finished sharply lower following broad based selloffs in all of the major indices. All told, the Dow ended the week down 259 points, losing 2.6% to close at 9712 and reducing its yearly gains to 10.7%. The Nasdaq underperformed significantly on the week, surrendering 5.1% to close at 2045, paring its YTD gains to…

MondayNov 02, 2009 1:41 pm

Home Shopping Latino, Inc. (HSPG.PK) Taps into Hispanic Market with Shopping Channel

Home Shopping Latino Inc., doing business as Viva Telecompras, is an all Spanish language TV channel and online shopping website. The company will broadcast from Miami, Florida and expand its market via airtime and website broadcasts. The network will sell products provided by third-party wholesalers such as beauty care, vitamins, and in particular gemstones and jewelry. Initially, the company is most interested in marketing high-quality, high-margin gemstones from the nation of Madagascar and has already developed a relationship to do so with MadAmerican Exports. Viva Telecompras will later subtract with jewelry manufacturers in Florida to make jewelry using these fine…

MondayNov 02, 2009 12:59 pm

Ironclad Performance Wear Corp. (ICPW.OB) and 5.11 Tactical Team Up to Produce Task-Specific Gloves

Leading high-performance apparel producer Ironclad Performance Wear Corporation announced today that it has entered into a long-term development and supply agreement with 5.11 Tactical® to develop task-specific gloves for law enforcement professionals. The agreement combines Ironclad’s renowned technical glove expertise and the superior market understanding and distribution capabilities of 5.11 Tactical. With design and production of 5.11 Tactical's gloves already underway, they are expected to be widely available in early 2010. Under the terms of the agreement, Ironclad will exclusively design and manufacture the full line of task-specific gloves to be sold, marketed, and distributed worldwide by 5.11 Tactical. The…

MondayNov 02, 2009 12:44 pm

Omnicity Corp. (OMCY.OB) Continues Rapid Expansion

Omnicity Corp., the Midwest’s biggest fixed Wireless Internet Service Provider (WISP), recently bolstered its position as a WISP consolidator by signing a Letter of Intent with the wireless division of Solutions Unlimited (SUI), of New Castle, Indiana. SUI (doing business as Midwest WISP) is seen as just one of several acquisitions Omnicity is expected to announce during Q4 of 2009 as it makes its way towards becoming the premier consolidator of the WISP industry. Omnicity CEO, Greg Jarman, commented on the value of the move. “We are pleased to have worked out a great deal for both Midwest WISP and…

MondayNov 02, 2009 12:41 pm

Looking Forward can be Profitable

As the market has found a move in recent months many have speculated that easy opportunities for profit are quickly drying up. In a general sense, this may be true. There are, however, many opportunities available if the right perspective is used. Resource options, such as QualityStocks, can help in this regard as they use the old baseball adage "hit 'em where they ain't." The easy profits coming off the recent decline may be gone but there are sectors that are still in the doldrums and will, eventually, return to profitability. Energy and health are perhaps the best opportunities, with…

MondayNov 02, 2009 12:35 pm

Construction Spending Rises .08 Percent during September

Report better-than-expected with largest housing construction increase in 6 years The Commerce Department reported that total construction spending was up 0.8 percent in September, surprising the street since analysts had forecasted a 0.3 percent drop. August numbers were revised down to show a 0.1 percent drop rather the 0.8 percent gain first reported. The increase was driven by the largest jump in housing construction in more than six years. As the economy struggles to emerge from the worst recession since the 1930s, many are hoping that housing has bottomed. The 3.9% increase in spending and residential construction is the largest…

MondayNov 02, 2009 10:57 am

AMCON Distribution Co. (DIT) Acquires New Stores in Arkansas’ Northwest

AMCON Distributing Company and its wholly-owned subsidiaries moved to consolidate in the Northwest Arkansas wholesale distribution market by the acquisition of Discount Distributors from Harps Food Stores Inc. AMCON CEO Christopher H. Atayan explained that the good infrastructure Discount Distributors (DD) has created would be a welcome addition to AMCON’s bottom line. Atayan stressed that the “excellent long-term relationships” developed by DD management would fit nicely with AMCON’s “service oriented culture.” Sales on the assets for 2008 were approximately $59.8 million: Atayan beamed over this synergistic relationships’ inevitable success, saying “Our reliable service and expanded product offerings enhance the range…

MondayNov 02, 2009 10:55 am

AMG Oil Ltd. (AMGO.OB) Awarded Additional Oil License Offshore Israel

AMG Oil Ltd., through its wholly-owned subsidiary Adira Energy Corporation, explores for oil and gas in Israel. The company currently holds three petroleum exploration licenses covering an aggregate total of approximately 160,550 acres – the Eitan license area, which is located in the Hula Valley, and the Gabriella license, located offshore Israel, along with the newly-acquired Yitzhak license. The company continues to plan for the start of its exploration and drilling program in the Hula Valley in northern Israel. AMG has completed purchase of the drill rig and associated equipment and they are in the process of moving the rig…

MondayNov 02, 2009 10:20 am

American Apparel, Inc. (APP) Announces Grand Opening of New Store in Oak Brook, IL

American Apparel, a vertically integrated manufacturer, distributor and retailer of branded fashion basic apparel based in downtown Los Angeles, California, recently announced that the company has opened a new 2,200-square foot store in Oakbrook Center, one of the largest outdoor malls in the country. With a large storefront and prime center court location in the mall, American Apparel’s window displays stretch nearly 60 feet and are filled with the company’s signature line of sweatshop-free, domestically produced apparel. Approximately 15 additional staff members will be hired for this store, bringing the company's total staff in the Chicago area to more than…

MondayNov 02, 2009 10:18 am

Intelligroup, Inc. (ITIG.OB) Reports Successful Financial Results in Phone Conference

One company that has continued to make strives and overcome the once disastrous market place is Intelligroup. The Princeton, New Jersey Company has displayed a global presence that has impressed their customers and started to catch the attention of investors on Wall Street. Intelligroup is an ERP (Enterprise Resource Planning)-focused enterprise applications systems integrator that provides consulting and application management to other IT services for global corporation. Intelligroup took a major step towards enhancing their future with the announcement that it will release its third quarter financial results and host a conference call this morning at 10:00am Eastern Standard Time.…

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