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TuesdayMar 16, 2010 10:30 am

Portec Rail Products, Inc. (PRPX) Reports Year over Year Decline in Profit for Fourth Quarter of 2009

Portec Rail Products, Inc. reported net income of $1.4 million, or $0.15 per share, in the fourth quarter of 2009, down slightly from the $1.5 million, or $0.16 per share, reported in the same quarter of 2008. Revenues also fell on a year over year basis from $24.3 million in the fourth quarter of 2008 to $19.2 million in the fourth quarter of 2009. Portec Rail Products, Inc. also reported a decline in net income for the full year 2009. The company reported net income of $6.8 million, or $0.71 per share, in 2009, compared to net income of $7.7…

TuesdayMar 16, 2010 10:29 am

American Oriental Bioengineering, Inc. (AOB) Reports Profitable Fourth Quarter Of 2009

American Oriental Bioengineering, Inc. reported comprehensive income of $12.3 million, or $0.14 per diluted share, in the fourth quarter of 2009. This was up sharply from the $7.8 million, or $0.10 per diluted share, reported in the same quarter in 2008. In 2009, the company increased revenue to $296.2 million from $264.6 million in 2008, an increase of 12%. Comprehensive income fell over the same time period, however, from $62.8 million, or $0.61 per diluted share, to $42.7 million, or $0.53 per diluted share, in 2009. “We are very pleased with our 2009 performance despite the increasingly challenging economic environment…

TuesdayMar 16, 2010 10:27 am

BIOLASE Technology Inc. (BLTI) Announces FDA 510(k) Clearance of iLase Personal Laser for Dental Market

BIOLASE Technology Inc. is the world's leading dental laser company. The company today announced that it has received 510(k) clearance from the US Food and Drug Administration (FDA) to market its iLase diode laser and it will begin shipping the laser in April. The iLase diode laser is the world's first personal laser for dentists and hygienists for performing a full range of minimally invasive soft-tissue and hygiene procedures. The iLase is the first completely self-contained, hand-held dental laser that includes the laser, user interface, battery power and controls in a single, integrated hand-piece with no foot pedals or cords…

TuesdayMar 16, 2010 9:13 am

eDoorways Corp. (EDWY.PK) Announces Successful Results at SXSW’s Interactive Festival

eDoorways Corp. announced this morning its successful presentation at the South By Southwest (SXSW) Interactive Festival. Whether it's the eye-catching display booth, surprise demonstration of the company's iPhone® application, eSee Technologies' heAR App, a couple of hundred new site registrants or the sneak peek releases of v2.5, the Austin web-based software technology company had much to offer attendees. Mr. Gary Kimmons, Chairman & CEO of the eDoorways Corporation, stated, "We knew that showing at South By Southwest would be a great experience for the company. A few of the biggest names in the technology space have enjoyed greater worldwide success…

TuesdayMar 16, 2010 8:34 am

CitySide Tickets Inc. (CIST.PK) Banks on Experience and Acquisition

CitySide Tickets Inc., owner and operator of CitySidetickets.com, was launched from the entrepreneurial spirit of CEO Michael DeAmicis, who spent his teenage years selling extra tickets to Boston Red Sox games outside Fenway Park. In 2002, DeAmicis turned his first job into a career, creating and running CitySide Tickets out of his home; he eventually opened shop right next to Fenway Park, what turned out to be the perfect location for business. "Through this experience I realized there was a lot of money to be made in the ticket business," DeAmicis told TicketNews in a recent interview. DeAmicis said between…

TuesdayMar 16, 2010 8:13 am

Grid Petroleum Corp. (GRPR.OB) Acquires Assets from Premium Natural Gas Reserve

Parts of a premium natural gas reserve in the Greater Green River Basin of the Rocky Mountains are now officially the property of Grid Petroleum Corp. The company acquired assets in SE Jonah Field, located in Wyoming. This final agreement has been signed pursuant to the Letter Of Intent (LOI) signed earlier this year. This well-defined region meets Grid Petroleum’s model of low-risk, high-impact exploration and development. The region has an incredibly high success rate for drilling and completion, and it is reported that in 2006 over 3,000 wells were drilled with a success rate of almost 98%. The Green…

TuesdayMar 16, 2010 8:08 am

CPI Aerostructures, Inc. (CVU) Announces Preliminary Fourth Quarter and Year-End 2009 Results

CPI Aerostructures, Inc., a company engaged in the contract production of structural aircraft parts for leading prime defense contractors, the U.S. Air Force and other branches of the armed forces, recently announced preliminary results for the fourth quarter and year ended December 31, 2009. During the fourth quarter of 2009, CPI Aerostructures recorded the highest quarterly revenue in the company’s history of approximately $12.7 million with a net income of roughly $1.5 million. CPI Aero’s 2009 full-year revenue increased to approximately $43.9 million, the highest annual revenue the company has ever achieved, resulting in 2009 net income of approximately $3.9…

TuesdayMar 16, 2010 7:43 am

NetSol Technologies, Inc. (NTWK) Contracted to Provide Public Grievance Management System to Pakistan Government

NetSol Technologies, Inc., a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, announced today before the opening bell that the company was awarded a new contract with the Government of Pakistan to develop and implement a public grievance management system. This new system will be integrated to support the government's drive to introduce e-government concepts for providing improved services to its citizens. The online grievance management system will be crucial in the effort of offering citizens efficient and transparent access to government. According to the press release, NetSol will provide a…

MondayMar 15, 2010 3:56 pm

Artfest International, Inc. (ARTS.OB) Up Substantially Following QualityStocks Newsletter Mention

Artfest International Inc. shares closed today are trading at $0.0070 per share after hitting an intraday high of $0.0084 a share. The stock is up $0.0034 per share or 94.44 percent on massive volume in excess of 92 million shares. This dwarfs the average daily volume of around 437,000 shares. Artfest was first mentioned in QualityStocks FREE Daily Newsletter back on August 3, 2009. Artfest International is a leading edge arts distribution company. Artfest brings together artists, decorators, designers, art galleries, private collectors and investors. The company has several subsidiaries: Art Channel Inc., Art Channel Galleries Inc. and Charity Sports…

MondayMar 15, 2010 2:54 pm

Mesa Energy Holdings, Inc. (MSEH.OB) is “One to Watch”

Trading on the OTC Bulletin Board, Mesa Energy Holdings, Inc. is an exploration stage oil and gas exploration and production (E&P) company. Their focus is currently on the Devonian Black (Marcellus) shales in the northern Appalachian Basin in western New York. Mesa Energy Holdings, Inc. continually evaluates opportunities in the nation's most productive basins. The Company has their headquarters in Dallas, Texas. Mesa Energy Holdings, Inc. works to grow reserves and net asset value per share mainly through the development of highly diversified, multi-well developmental and defined-risk exploratory drilling opportunities. The company also does this through the acquisition of solid,…

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