Blog - Page 3884 of 5440

TuesdayJul 28, 2009 1:13 pm

Reed’s, Inc. (REED) Announces Addition of New Business Line and Expansion of Revenue Opportunities

Reed's, Inc. announced this morning that it has established a new line of business that will utilize the company’s existing bottling operation to discover opportunities that are non-competitive with current product lines. The company believes the new business venture will substantially increase revenues and improve gross profit. "We have increased efficiencies and created additional available line time within our brewing and bottling operation," stated Mr. Chris Reed, Founder and CEO of Reed's, Inc. "In essence, we've tooled up our plant to a point where we have created about three to four thousand additional hours a year of line time to…

TuesdayJul 28, 2009 12:02 pm

Associated Estates Realty Corporation (AEC) Reports Strong Funds from Operations

Associated Estates Realty Corporation (AEC) released its second quarter 2009 earnings report and reported strong Funds From Operations (FFO) of $0.33 per share, down marginally from the $0.34 reported in the same quarter last year. Its net income was $0.62 per share. Investors tend to focus on FFO since GAAP net income contains many non-cash items. Although Associated Estates Realty Corporation is profitable; it is seeing the effects of the recession in its footprint. The company said that its occupancy rate was 95.4% at the end of the second quarter, compared to 96.3% in the same quarter last year. Average…

TuesdayJul 28, 2009 11:12 am

Pro-Tech Industries, Inc. (PTCK.OB) Subsidiary Secures Approximately $1.3 Million in Additional Contracts for 2009

Pro-Tech Fire Protection Systems Corp., a wholly owned subsidiary of Pro-Tech Industries, Inc. and provider of design-build services for the fire protection, alarm and detection, telecommunications, network services, flooring and electrical contracting industries, recently announced that the company has secured new contracts totaling approximately $1.3 million for its fire protection business unit. Management anticipates that the revenues from the new fire protection work will be approximately 80 percent realized by the end of the second quarter 2010. Sean McGuire, president of Pro-Tech’s fire protection division, commented, “I am very pleased with our efforts that have allowed us to continue to…

TuesdayJul 28, 2009 11:11 am

Savoy Energy Corp. (SNVP.OB) Answers Questions about Eagleford Shale Formation

Savoy Energy Corporation, the Texas-based oil and gas company focused on bringing old well sites back to life, is actively working the Texas Cretaceous Trend, the largest single pool field in Texas. The company has a special interest in the Eagleford Shale Formation, which has a history of long-producing wells, and holds a number of properties in the Gonzales County area of southern Texas. Savoy feels it can pull from 5,000 to as much as 140,000 barrels from a single vertical well. In response to investor inquiries, Savoy has addressed the most frequently asked questions regarding their plans for Eagleford.…

TuesdayJul 28, 2009 11:09 am

China Voice Holding Corp. (CHVC.PK) Led by a Strong Management Team

China Voice Holding Corp. is a company with a portfolio of next-generation communications products and services doing business in mainland China as a licensed telecommunications company. Through its subsidiaries, the company provides VoIP telephone services, office automation, wireless broadband, unified messaging, video conferencing, mobility services and other advanced voice and data services. China Voice Holding is managed by a team of professionals with experience in the communications industry both in the US and in Asia. Here is the company's management team: Hin Hiang Khoo, Chairman of the Board – Mr. Khoo is an international business advisor and entrepreneur who has…

TuesdayJul 28, 2009 10:28 am

China Precision Steel Inc. (CPSL) Weathers Economic Downturn Well, Prepares for Q1 New Plant Opening

As the market decides whether it is ready for a return, bargains are quickly disappearing. Those solid companies that were beat down but held value are starting to rise in price from where a bottom fishing expedition could return solid profit. Bank of America, Alcoa and, to a lesser degree at the moment, US Steel are just a few opportunities where buying at the bottom has doubled the investment. These opportunities won't last much longer but if an investor can find them there is still profit to be made. China Precision Steel Inc., a manufacturer and marketer of precision cold-rolled…

TuesdayJul 28, 2009 10:24 am

LifeVantage Corp. (LFVN.OB) Announces Preliminary Unaudited Fourth Quarter Revenue

LifeVantage yesterday announced preliminary unaudited net revenue for the fourth quarter of 2009. The company anticipates net revenue of $1.6 million for the three month period ended June 30, 2009, an increase of approximately 150% from the prior three month period. LifeVantage CEO David W. Brown was pleased with the results. He stated, “The increase in fourth quarter revenue is attributed to our launch earlier this year into network marketing as well as the addition of a team of some of the most sought after and highest producing independent distributors in the network marketing industry. We believe this team will…

MondayJul 27, 2009 3:35 pm

RXi Pharmaceuticals Corp. (RXII) Acquires License to Advirna Technology

RXi Pharmaceuticals Corporation, a biopharmaceutical company pursuing proprietary therapeutics based on RNA interference (RNAi), today announced that it has acquired an exclusive license to novel technologies from Advirna LLC that enables in vivo delivery of RNAi therapeutics. The terms of the agreement were not disclosed. The RNAi delivery technologies encompass four distinct approaches, primarily focusing on "self-delivery,” i.e., RNAi delivery without the use of a separate transport vehicle. Upon evaluating the Advirna technology, RXi observed that it delivers RNAi molecules to cells spontaneously upon direct administration, both in vitro and in vivo, without requiring a delivery vehicle or transfection formulation.…

MondayJul 27, 2009 3:09 pm

July 27th CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: ACCP, ACTC, CBAI, ITUI, SIHI, SRCO, SVUL Markets once again displayed strength this week, spurred on by a number of better than expected earnings reports which led to gains in all of the major indices. All told, the Dow ended the week up 4.0%, gaining 349 points on the week to close above the 9000 mark at 9093, bringing it back into positive territory on the year, up 3.6%. The Nasdaq posted a 4.2% gain, closing at 1886, up 24.7% on the year while the S&P 500 and Russell 2000 gained 4.1%…

MondayJul 27, 2009 2:46 pm

CMG Holdings, Inc. (CMGO.OB) is “One to Watch”

CMG Holdings, Inc. is a full service global marketing, sports, entertainment, and management communications company. Trading on the OTCBB, the company operates in the sectors of talent management, event management, and commercial rights. CMG Holdings, Inc. has an office in New York, New York and an office in Miami, Florida. The company’s Talent Management division includes representation of personalities in the entertainment, athletic, and literary industries. This is for endorsements, licensing, speaking appearances, and image marketing. CMG Holdings’ Event Management services include marquis hospitality, sponsorships, licensing, production, and implementation of events. This includes hospitality services pairing corporate client sponsors and…

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