Blog - Page 3866 of 5565

ThursdayDec 17, 2009 8:57 am

Fed to Keep Rates at Record Low for an “Extended Period”

Earlier this week, the Federal Reserve pledged to keep interest rates at a record low in an effort to decrease the nation’s double-digit unemployment rate and maintain the slow economic recovery. Chairman Ben Bernanke noted that consumer spending remains sluggish and companies are still wary of hiring so the Fed vowed to keep interest rates at the current range of zero to 0.25 percent for an “extended period.” The Fed said it has the ability to hold rates at this super-low level because inflation is expected to remain subdued for some time. The current super-low interest rates are helpful for…

ThursdayDec 17, 2009 8:55 am

The Steak n Shake Company (SNS) Reports Strong Fourth Quarter

The Steak n Shake Company reported net income of $3.4 million, or $0.21 per share, in the fourth quarter of fiscal 2009. This was a strong improvement from the net loss of $9.2 million, or $0.32 per share, in the same quarter last year. The Steak n Shake Company also saw a recovery of traffic due to an upturn in the economy. The company reported a same-store sales increase of 10% in the fourth quarter of 2009 over the fourth quarter of fiscal 2008. The Steak n Shake Company reported cash and equivalents of $51.4 million as of 9/30/2009, compared…

ThursdayDec 17, 2009 8:52 am

Mattson Technology, Inc. (MTSN) Receives Multiple Orders from Prominent Semiconductor Foundry

Yesterday, leading semiconductor product supplier, Mattson Technology, Inc., announced that a prominent Asia-based semiconductor foundry has placed multiple orders for the company’s Suprema® photoresist strip system. Mattson noted that the Suprema systems will be used for all dry strip applications including one of the most difficult processes, high dose implant strip (HDIS). The tool shipments, starting in the current quarter, will continue into the first half of 2010. Mattson Technology designs, manufactures and markets semiconductor wafer processing equipment for use in the fabrication of integrated circuits. The company supplies plasma and rapid thermal processing equipment to the global semiconductor industry.…

WednesdayDec 16, 2009 3:34 pm

Solar Energy Initiatives Inc. (SNRY.OB) Posts Q1 2010 Results, Reporting 321% YoY Revenue Increase

Solar Energy Initiatives Inc. today announced a triple-digit increase in year-over-year revenue, reinforcing the importance of its mission of reducing the world’s dependence on fossil fuels through the sale of solar thermal and photovoltaic (PV) technologies. Solar Energy reported $1.0 million in revenue for the first fiscal quarter of 2010 (ended October 31, 2009), a 321 percent increase in year-over-year revenue. The company said project expansion and strategic agreements with several entities got the company on track to achieve its goals and provide optimism for the upcoming year. “Solar Energy Initiatives believes that the Company has established a strong foundation…

WednesdayDec 16, 2009 3:27 pm

Clear Skies Solar, Inc. (CSKH.OB) is “One to Watch”

Clear Skies Solar Inc. was incorporated in 2003 and launched operations in 2005. During that time period, Clear Skies Solar developed its proprietary systems, obtained licenses and certifications, and acquired technologies that would maximize the impact of its construction expertise on the renewable energy sector. The company delivers turnkey solar electricity installations and renewable energy technology solutions to commercial customers across the country. Clear Skies Solar is a designer and integrator of solar power systems, sourcing components from only the highest-quality manufacturers. The company's expertise in construction provides them with real world experience in delivering results quickly and cost-effectively for…

WednesdayDec 16, 2009 2:27 pm

Options Media Group Holdings, Inc. (OPMG.OB) is “One to Watch”

Options Media Group Holdings, Inc. is an email services provider for on-demand e-mail marketing. The company also provides precision direct marketing solutions. These include email marketing, sms/mobile marketing, sms/keyword marketing, custom lead generation, and creative services. Options Media Group Holdings, Inc. trades on the OTC Bulletin Board and they have their headquarters in Boca Raton, Florida. Options Media Group designs custom email delivery solutions for companies that require more than a basic "cookie-cutter" delivery solution. The solutions they provide include a complete ASP solution, consultation services, and stand-alone software. The Company's clients are industry leading email marketing firms and agencies.…

WednesdayDec 16, 2009 2:06 pm

Royal Quantum Group, Inc. (RYQG.OB) Led by Skilled, Experienced Management

Royal Quantum Group Inc. is focusing on acquiring, exploring and developing resource properties located within geo-politically stable countries. The company currently has two oil and gas prospects located on the Nemaha Ridge in North-Central Oklahoma. The company is led by a skilled management team that has accumulated years of business experience. This team has a history of successfully managing early stage mineral exploration companies and has tremendous potential to lead the company to great success. The members of the management team include: Ron Ruskowsky – CEO, CFO and president of the company – Mr. Ruskowsky has a diverse and strong…

WednesdayDec 16, 2009 2:02 pm

Newport Digital Technologies, Inc. (NPDT.OB) Shifts Executives

Newport Digital Technologies Inc. is making major shifts in its executive structure as it prepares to launch two of its key product technology areas, RFID and Wireless Digital Signage. The adjustments were initiated by Newport founder and chairman, Richard Damion, to better fit changing company needs. • Current COO, Weiling Tsao, will become President, overseeing engineering, R&D, sales, and general operations. • Current President, Michael Lutton, will become CEO, responsible for finance and long-term strategic planning. • Current CEO, Gary DeMel, will become Chief Strategy Officer, focusing exclusively on developing worldwide sales channels. Chairman Richard Damion commented on reasons behind…

WednesdayDec 16, 2009 1:36 pm

CleanTech Biofuels, Inc. (CLTH.OB) Biomass Recovery Process Chosen for Project in Oklahoma

CleanTech Biofuels Inc. is an early-stage company capable of converting municipal solid waste into cellulose, a high-quality fuel that can serve as a feedstock to make other fuels. The biomass can be co-fired with coal to produce electricity. It is also an ideal feedstock for producing syngas or biofuels. By using the existing infrastructure for municipal solid waste collection and disposal to collect biomass at low or possibly negative feedstock cost, CleanTech expects to achieve profitability relatively quickly. The company's technology, to turn garbage into fuel, is already operating in Australia and is being implemented in Chicago. CleanTech announced today…

WednesdayDec 16, 2009 12:28 pm

Best Energy Services, Inc. (BEYS.OB) Awarded 2-Year Contract for Workover Rigs in Hugoton Basin

Best Energy Services, Inc. revealed this morning its selection by an undisclosed but major oil and gas company to provide up to six of its workover rigs for continuous operation during the interval of a 2-year contract. A one-year contract, with an option for one additional year, slated to begin January 1, 2010, has been signed by BEYS, which was selected via a sealed bid process begun by the customer in October 09. Natural gas prices in the Hugoton Basin, where the Company currently operates 9-11 rigs, were noted by BEYS to have risen over the last month, stimulating increased…

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