Blog - Page 3820 of 5549

FridayJan 22, 2010 4:03 pm

LightPath Technologies Inc. (LPTH) Reports Significant Sales Increase for Q2 2010

LightPath Technologies Inc. manufactures optical products, glass products, packing solutions and more. The company recently released projections for its second-quarter results of 2010, highlighting millions in backlogs, and increases in cash and revenues. For the second quarter of 2010, the company projects backlog scheduled for shipping in the next 12 months at $4.0 million, up $900,000, or 29 percent, as compared to a backlog of $3.1 million on December 31, 2008. The backlog represents a $1.7 million, or 74 percent, increase as compared to the backlog on June 30, 2009. The company reports cash on hand as of December 31,…

FridayJan 22, 2010 1:33 pm

President Obama’s Pushback on Banks Sends Stocks Lower Again

Stocks retreated Friday for a third straight day on fresh concerns about President Obama's proposed restrictions on banks. The market is extending losses that gave the Dow Jones Industrial Average its biggest two-day drop since June 2009. It had lost 336 points, or 3.1 percent, over the past two trading days. President Obama spooked the stock market on Thursday after asking Congress for limits on how large big banks can be and to put an end to some of the risky trading large financial companies have used in recent quarters to boost their profits. Some in the Obama Administration feel…

FridayJan 22, 2010 12:51 pm

NetSol Technologies, Inc. (NTWK) Provides Solutions for Manufacturing, Distribution and Wholesale Finance

NetSol Technologies’ BestShoring™ methodology eliminates risks associated with outsourcing like miscommunication, lack of oversight regarding quality, and language complications which collectively can result in diminished profitability. That’s why NetSol doesn’t outsource: every member of the worldwide network of personnel is part of the NetSol family. The Company brings a fully-integrated team to bear on the client’s problem to arrive at the best possible solution and price for each and every customer. NetSol provides enterprise software and business services solutions for all manufacturing sectors including: • Aircraft and Automotive • Computers and Office Equipment • Electronics and Electrical Equipment • Forest…

FridayJan 22, 2010 12:40 pm

Exousia Advanced Materials, Inc. (EXOU.OB) to Facilitate Evergreen Acquisition

Exousia Advanced Materials, Inc., in accord with its recent acquisition of Evergreen Global Investments, Ltd., announced some new appointments today, Friday, January 22, 2010. Through subsidiary Evergreen Global Investments Ltd., Texas-based EXOU provides a suite of specialized materials for a global market, including Advanced Resins (RPA™), Engineered Particles (VISTAMER® Rubber), Industrial Coatings (AEGEON™ and Power Shield™), and Structural Materials (E-CORE™ and TRUSS CORE™), all featuring Green Energy (eco-friendly) attributes. The Evergreen acquisition was revealed on Jan 13, 2010, and is comprised of energy services company Able Energy, and the operating company, PriceEnergy, which provides an e-commerce platform for handling marketing,…

FridayJan 22, 2010 10:39 am

Simulated Environment Concepts, Inc. (SMEV.PK) Removes Stress In More Ways Than One

Simulated Environment Concepts Inc., makers and distributors of SpaCapsule®, the high-tech self-contained water massage and stress therapy system, have gone out of their way to make it stress free for anyone wanting to get a SpaCapsule®, whether for personal use or as a profitable business investment. First of all, the company has a full service financing department, capable of providing both domestic and international financing options. They’ve partnered with a number of respected institutions offering a range of programs, so that almost anyone can obtain a SpaCapsule®. • Commercial Equipment Lease – This option allows businesses to obtain maximum tax…

FridayJan 22, 2010 10:13 am

Capital Southwest Corp. (CSWC) Reports Year End Asset Value

Capital Southwest Corp. recently reported a net asset value of $456.4 million, or $121.99 per share, as of the end of 2009. This was a small decline from the $477.7 million, or $127.68 per share, reported at the end of 2008. Capital Southwest Corporation recently declared a dividend of $0.40 per share, bringing its payout for 2009 to $0.80 per share. In December 2008, Capital Southwest Corporation paid a special dividend of $2.16 per share to its shareholders. Capital Southwest Corporation is a business development company (BDC) headquartered in Dallas, Texas. The company holds equity investments in nearly 50 private…

FridayJan 22, 2010 10:10 am

Lux Digital Pictures (LUXD.OB) To Produce Historic Documentary on Videogame Industry

The videogame industry has been on a roller coaster ride since its inception. Once viewed as unintelligent and looked down upon, the videogame industry is now as much a part of America as professional sports. One company that has captured the passion shared by the United States is Lux Digital Pictures. Lux Digital Pictures is a unique company in that it is comprised of several motion picture development, production, financing and distribution brands that have unique and dynamic strategies to successfully compete in today's entertainment marketplace. Today, Lux took a major step towards enhancing its future with the announcement that…

FridayJan 22, 2010 8:59 am

China Shandong Industries, Inc. (CSNH.OB) Changes Ticker Symbol and Announces Listing on OTC Bulletin Board

China Shandong Industries, Inc., a leading producer and global marketer of straw-wicker products and furniture, recently announced the company’s listing on the Over-the-Counter Bulletin Board (OTCBB). China Shandong Industries, Inc. has changed its ticker symbol to CSNH. After completing a reverse acquisition, including a 15-for-1 forward stock split effective January 4, 2010, the company’s total number of common shares issued and outstanding has increased from 1,715,000 to 25,725,000. Employing approximately 1,500 employees, the company sells 20,000 different products in more than 30 countries to well-known companies, including Wal-Mart, ABM Group, Argos Limited, IKEA and Zara. China Shandong Industries’ senior management…

FridayJan 22, 2010 8:58 am

China HGS Real Estate Inc. (CAHS.OB) Ups FY2010 Guidance on Positive Property Sales Prices

China HGS Real Estate Inc. operates through its wholly owned subsidiary Shaanxi Guangsha Investment and Development Group Co. Ltd. in Hanzhong, China for real estate development in second-tier and third-tier cities. The company today raised its financial guidance for fiscal 2010, fueled by better-than-expected growth in residential property. For fiscal year ended September 30, 2010, China HGS projects revenues between $49.0 million and $47.5 million, up from original guidance of $46.4 million. Net income is forecast to range between $15.5 million and $16.0 million, up from original guidance of $13.0 million. The company reported that it expects fully diluted earnings…

FridayJan 22, 2010 8:39 am

Charter Communications, Inc.’s (CCMM.OB) President and CEO Resigns, Mike Lovett to Serve in Interim Role

Charter Communications, Inc. announced today that Neil Smit, President and Chief Executive Officer, has accepted a position with Comcast Corporation as President, Comcast Cable Communications. Mr. Smit's resignation as Chief Executive Officer is effective February 28, 2010. Michael J. Lovett, Charter's Executive Vice President and Chief Operating Officer, will serve as Interim President and Chief Executive Officer. In the meantime, the company's Board of Directors will conduct a national search for a new Chief Executive Officer, considering both internal and external candidates. "The entire organization is grateful to Neil for his leadership and many contributions to Charter, particularly during the…

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