Blog - Page 3820 of 5737

TuesdayJul 13, 2010 11:56 am

Arrow Financial Corp. (AROW) Reports Higher Net Income for Second Quarter

Arrow Financial Corp. reported net income of $5.7 million, or diluted earnings per share of $0.52, in the second quarter of 2010 ending June 30, 2010. The company earned net income of $4.9 million, or diluted earnings per share of $0.45, in the corresponding quarter of 2009. Arrow Financial Corporation also reported a return on average assets of 1.22% and a return on average equity of 15.38% for the second quarter of 2010. Both these metrics were up substantially on a year over year basis from 2009. Thomas L. Hoy, Chairman, the CEO of Arrow Financial Corporation, said, “We are…

TuesdayJul 13, 2010 11:03 am

Tombstone Exploration Corp. (TMBXF.OB) Adds Important Nevada Holding To Its Portfolio

Tombstone Exploration Corporation Inc., a metals and minerals exploration and mining company controlling one of the biggest mining properties in southern Arizona, recently announced that it had closed a lease agreement for the Eagleville property in Mineral County, Nevada. The property, on the western edge of Nevada, represents a bit of a shift for the company, which has focused on the Tombstone Mining District in southern Arizona. However, it is a mesothermal gold-silver vein system, representing a mid-stage gold-rich prospect, which, together with the company’s other holdings, enhances the opportunity to take advantage of price increases in both gold and…

TuesdayJul 13, 2010 10:33 am

Weis Markets, Inc. (WMK) Reports Second Quarter Earnings Increase

Weis Markets, Inc. reported net income of $20.5 million and earnings per share of $0.76 for the second quarter of 2010 ending 6/26/2010. The company earned net income of $15.2 million, or $0.56 per share, in the same quarter of 2009 Weis Markets, Inc. reported revenues of $653.7 million in the second quarter of 2010. This was a 6% increase from the second quarter of 2009 when the company reported revenues of $615.4 million. The company reported comparable store sales flat with the year earlier period. Weis Markets, Inc. reported that for the six months ending 6/26/2010, the company earned…

TuesdayJul 13, 2010 10:03 am

China MediaExpress Holdings, Inc. (CCME) Revises Its 2010 Net Income Guidance

China MediaExpress Holdings Inc. operates the largest television advertising network on inter-city and airport express buses in China. It generates revenues by selling advertisements on its network of television displays installed on over 22,700 express buses originating in fifteen of China's most prosperous regions. These regions include the cities of Shanghai and Beijing. The company recently announced that based on the latest developments – including its expanded geographic coverage, increased number of inter-city buses and higher margins from the airport express buses platform – it is revising its 2010 net income guidance. The revised guidance calls for 2010 net income…

TuesdayJul 13, 2010 8:44 am

Upbeat Earnings Poise Stocks for More Gains

While investors have endured a great deal of adversity the last two years, there have been some signs that the economy could turn around. Two companies that are fighting to lead the stock market and investors back to prominence are Alcoa and CSX Corp. Alcoa, the aluminum maker, and CSX Corp., the railroad operator, showed better-than-expected profits to kick off earnings season which sent stock futures higher. This comes on the eve of a five-day winning streak for the market and may be a sign of things to build upon. Alcoa’s performance is critical to the market as a whole…

TuesdayJul 13, 2010 8:22 am

A5 Laboratories Inc. (AFLB.OB) Completes Acquisition of Contract Research (CRO) and Interferon Production Technology

Yesterday, A5 Laboratories Inc. announced that they completed the acquisition of the Contract Research (CRO) and Interferon production technology previously announced on May 7, 2010 from Vida Pharma, based in Montreal, Canada. A5 Laboratories plans to secure immediately the intellectual property related to the interferon production technology. They also are working to complete their plans for pilot scale production and commercialization of interferon products for human and veterinary applications. Dr. Richard Azani, President and CEO of A5 Laboratories Inc. said, "We are very pleased to complete the acquisition of the CRO and Interferon production technology assets. We now have at…

TuesdayJul 13, 2010 7:14 am

VizStar, Inc. (VIZS.OB) Announces New Office Strategically Located in Los Angeles, California

VizStar, Inc., an upscale aviation charter transportation broker, announced this morning that the company has opened a new office in Los Angeles, CA. Strategically located near Beverly Hills, it is expected that the office will further expand Celestial Jet's existing business by capitalizing on the massive amount of private air travel conducted in the region. According to the press release, the new office has been operational and fully functioning since June 21st, 2010 and is capable of offering the company's unparalleled service with as little as 4 hours lead time to the Los Angeles and surrounding areas. The new business…

MondayJul 12, 2010 4:16 pm

Fortress International Group, Inc. (FIGI.OB) Announces $44 Million in New Contracts for the First Half of 2010

Fortress International Group, Inc., a leading provider of consulting and engineering, construction management and 24/7/365 site services for mission-critical facilities that maximize uptime and efficiency, recently announced that the company has secured approximately $44.0 million in new contracts for the six months ended June 30, 2010. These new contracts represent a year-over-year increase of roughly 300 percent compared with $15.0 million in new contracts for the same time period in 2009. Fortress provides innovative end-to-end capital management, energy, IT strategy, procurement, design, construction, implementation and operations solutions that optimize performance and reduce costs. The new contracts for 2010 cover three…

MondayJul 12, 2010 4:15 pm

Lexon Technologies (LEXO.OB) Inks Deal to Merge with INKTEK America Inc.

Lexon Technologies Inc., a manufacturer of recycles toner for laser printers, fax and multi-function copiers, today announced it has signed a Letter of Intent with INTEK America Inc., a manufacturer of energy efficient paper shredders and toner cartridges and various other “eco-friendly” products under the GoECOlife™ brand. Per the agreement, INTEK shareholders will receive newly issued shares of Lexon, representing an 80 percent ownership over the combined entity, over which INTEK will assume operating and managerial control. INTEK is a large-scale manufacturer/distributor of consumer branded products. The company distributes the products through big box retail and dealer channels in the…

MondayJul 12, 2010 3:58 pm

VLOV Inc. (VLOV.OB) Announces FY 2010 Guidance Lifted by Enhanced Designs and Brand Awareness

VLOV Inc., a China-based designer of VLOV brand men's apparel, today posted financial guidance for the fiscal 12 months ending December 31, 2010, announcing that it expects double-digit growth for the year. The company anticipates 2010 net sales to be in the range of $71 million to $75 million, a 10.4 percent to 16.6 percent increase compared to $64.3 million in 2009. Gross profit for 2010 is expected to be between $25.9 million and $27.8 million, reflecting an anticipated gross margin of 36.5 percent to 37.0 percent compared to 36.2 percent in 2009. The company attributes these expectations to its…

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