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TuesdayMay 18, 2010 8:22 am

Allied Motion Technologies Inc. (AMOT) Announces Net Income and Significant Profit Improvement for the First Quarter of 2010

Allied Motion Technologies Inc., a designer, manufacturer and retailer of motion control products into applications that serve many industry sectors, recently announced that the company achieved net income of $734,000, or $0.09 per diluted share, compared to the quarter ended March 31, 2010. This gain is compared to a net loss of $730,000, or $0.10 per diluted share, for the same quarter in 2009. The company also posted a 14 percent gain in revenues for the quarter to $17.4 million compared to $15.3 million last year. Bookings for the quarter reached $26.2 million, an increase of over 54 percent when…

TuesdayMay 18, 2010 8:20 am

LecTec Corp. (LECT.OB) Announces 2010 First Quarter Results, Completion of Prototype and Management Changes

Yesterday, LecTec Corporation announced that they have released their 2010 first quarter financial information. In addition, they announced that they have completed a prototype of their hand sanitizer patch and are in the process of certain management changes. The Company's cash and cash equivalents decreased $5,586,555 for the three-month period ended March 31, 2010 to $10,179,552 from December 31, 2009. The decrease in cash and cash equivalents resulted mainly from cash dividend payments of $4,298,350 and from current operating expenses of $394,475 for the first quarter. Royalty income was $19,529 for the first quarter. This represents a decrease of $22,578…

TuesdayMay 18, 2010 8:11 am

American Oriental Bioengineering Inc. (AOB) Video Chart for Tuesday, May 18, 2010

AOB is a classic pincher play/bottom play setup. The hammer yesterday looks as if traders saw a solid buying opportunity. Today we will be looking for a candle to indicate a reversal or bounce is in the making. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=399 Let us hear your thoughts below:

TuesdayMay 18, 2010 7:45 am

Founders Acquire Over 1 Million Shares of NetSol Technologies, Inc. (NTWK)

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, announced today that its three founding officers acquired over 1 million shares in the company through a private transaction. Purchased at the price of $0.87 on May 14, 2010, Najeeb Ghauri, CEO and Chairman, acquired 375,000 shares of stock, Salim Ghauri, President APAC, acquired 350,000 shares, and Naeem Ghauri, President NTE, acquired 309,383 shares. Each founder filed an SEC Form 4 to report the acquisition. NetSol Technologies, Inc. leverages its BestShoring(TM) practices and highly experienced resources to deliver high-quality, cost-effective solutions. Their suite of products and services…

TuesdayMay 18, 2010 7:39 am

Micro Identification Technologies, Inc. (MMTC.OB) Announces Expansion of Distributor Responsibility in Asia

This morning before the opening bell, Micro Identification Technologies, Inc. announced that it has expanded the contract of its Distributor Biotek Sdn Bhd to train all MIT distributors in Asia on the operation and service of the MIT 1000 Rapid Microbial Identification System. Currently, the distributor has facilities in Malaysia and is responsible for sales and service in Malaysia and other ASEAN countries, including: Indonesia, Singapore, The Philippines, Thailand, Cambodia and others. MIT currently has Asian distributors in Vietnam, South Korea, Japan, India and Turkey and plans to add others later this year. Biotek purchased a system in October of…

MondayMay 17, 2010 12:52 pm

Ultralife Corp. (ULBI) Receives $21 Million Order from Defense Contractor

Today, Ultralife Corp. reported that a U.S. defense contractor has placed approximately $21 million in orders for the company’s SATCOM-On-The-Move systems for use in its MRAP armored vehicles. Deliveries are expected to begin this quarter, with a completion target in the fourth quarter of 2010. Once solely a battery company, Ultralife Corporation now operates within three business segments: Battery & Energy Products, Communications Systems and Energy Services. The company provides a host of products and services that range from portable and standby power solutions to communications and electronics systems. Ultralife regularly serves government, defense and commercial customers across the globe,…

MondayMay 17, 2010 12:48 pm

China TMK Battery Systems Inc. (DFEL.OB) Posts Positive FY 2009 Results

China TMK Battery Systems Inc., a Chinese manufacturer and distributor of customized rechargeable battery solutions to global consumer product companies, today posted its financial results for the fiscal year ended December 31, 2009. For the 12 months ended December 31, 2009, China TMK reported a 32.3 percent increase in sales revenue to $48.6 million compared to the $36.8 million reported in 2008. International sales contributed 3.5 percent of sales while 97.5 percent reflects sales from the People’s Republic of China. The company reported net income for 2009 at approximately $7.5 million, a 32.5 percent increase compared to $5.7 million reported…

MondayMay 17, 2010 12:11 pm

National Automation Services Inc. (NASV.PK) Offers a Far Reaching Portfolio of Capabilities and Services

National Automation Services Inc. is establishing itself as a leader in the process controls and systems integration industry. By aligning with nationally recognized regulatory bodies, the company has gained significant marketplace credibility, product compliance integrity and the highest standards for service and products. The company offers an incredibly wide array of capabilities and services to their clients which include: PLCs – 25+ Years Combined Experience NAS’s engineering department has highly qualified control engineers on staff with combined experience of more than 25 years across many platforms and industries. Their PLC (programmable logic controller) programming experience is diverse with the majority…

MondayMay 17, 2010 12:06 pm

Zarlink Semiconductor, Inc. (ZL.TO) Sells Optical Products Segment and Focuses on Network Timing, Medical Wireless and Line Circuit Efforts

Zarlink Semiconductor, www.zarlink.com, the developer of world-class mixed-signal chips for a variety of applications with core proficiencies in Synchronous Ethernet timing chips for wireless/wired networks, and line circuits for high-quality voice networks, telecom networking, voice interface platforms and ultra-low power radio technology for wireless medical telemetry, announced the sale of its Optical Products group today to Tyco Electronics (TEL) for some $15M. President and CEO of Zarlink, Kirk Mandy, explained the sale as consistent with a strategic focus toward markets the Company can dominate, governed by a drive toward systemic efficiency improvements – noting that the transaction frees up development…

MondayMay 17, 2010 12:02 pm

General Environmental Management, Inc. (GEVI.OB) SCWW Subsidiary Cleaning Up in Waste Transportation and Disposal Sector

General Environmental Management, Inc.'s subsidiary Southern California Waste Water (SCWW), www.scww.com, recently celebrated its 50th year, having come a long way from its roots as a waste remediation facility for the oil and gas industry, evolving along with the market to lead California’s Non-Hazardous Waste Management sector by adapting to the changing demands of both oil/gas, domestic and industrial clients with a laser-focus on environmental compliance. Able to handle the entire gamut of needs from chemical toilet disposal to massive multi-million dollar remediation projects, the Company was named CA’s preferred Non-Hazardous Wastewater disposal preference by the EPA in 07, under…

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