Blog - Page 3916 of 5774

TuesdayMay 18, 2010 3:25 pm

China Agri-Business (CHBU.OB) Posts Solid Q1 2010 Financial Results

China Agri-Business Inc., a manufacturer and distributor of more than 50 organic agricultural application products in China, today reported its financial results for the first quarter of 2010, posting higher sales, net income, and earnings per share for the quarter. The company reported a 228-percent increase in total sales to $1,540,941 in the three months ended March 31, 2010, compared to $469,572 in the three months ended March 31, 2009. The company attributes the increase to its "New Agriculture-Generator" campaign, initiated to expand its distribution network directly with farmers and to establish a closer relationship with them through agricultural cooperatives…

TuesdayMay 18, 2010 3:12 pm

New Leaf Brands (NLEF.OB) First Quarter Financial Results Show Increases in Sales, Revenues and Volume

New Leaf Brands, Inc. announced today the financial results of the first quarter ending March 31, 2010. As expected, the totals across the board were strong. Highlights of the results included: • First Quarter Case Sales Increase 37% Over Previous Year • First Quarter Revenues Increase 36% Over Previous Year • 79,890 Cases Sold in April of 2010, 114% Increase over April 2009 • Newly Launched Lemonades Sells Out Initial Production in 14 Days, New Production Order Triples In greater detail, net revenue from continuing operations for the quarter totaled $954,549, a 36% increase compared to $701,789 for the quarter…

TuesdayMay 18, 2010 3:01 pm

International Stem Cell Corp. (ISCO.OB) Teams with The Automation Partnership to Accelerate and Ramp-up Synthetic Corneal Tissue

International Stem Cell Corp. today announced its strategic alliance with The Automation Partnership (TAP) to automate and increase the production of stem cell-derived human corneal tissue to produce commercial volumes of the tissue for cornea transplants and to reduce the use of animals in product testing. TAP provides advanced automation systems and services to improve productivity in life science research, development and production. TAP CEO David Newble said the partnership enforces its efforts to provide equipment for life science applications, and gives it an entrance to the biomedical market. "TAP has successfully installed and supported over 160 automated cell culture…

TuesdayMay 18, 2010 1:00 pm

China HGS Real Estate, Inc. (CAHS.OB) Shows Strong 2Q FY10 Financials

China HGS Real Estate Inc., while relatively small, is a leader in the Chinese residential property development sector; pound-for-pound one of the best operations running, as evinced by their 2Q FY10 (ending March 31) financial data which was released today, showing a massive 1,300% jump in revenue. Despite increasingly stringent domestic real estate market policy requirements from the Chinese government, CAHS saw continuous strong demand for its Hanzhong developments where, thanks to the strength of the CAHS brand’s identity, extensive marketing initiatives, a larger inventory of units on hand, and rising income levels in second- and third-tier cities, the Company…

TuesdayMay 18, 2010 12:56 pm

ubroadcast, Inc. (UBCI.OB) Appoints New Executives Following Recent Santeon, Inc. Merger

ubroadcast, Inc., www.ubroadcast.com – a company sitting on top of technology that effectively spans the gap between traditional network radio/TV and Internet video by allowing users to produce and broadcast live and on demand radio/TV in high-quality – announced today the appointment of new executives following the recent Santeon, Inc. (www.santeon.com) merger. Dr. Ash Rofail was appointed Chairman and CEO, bringing a rich and diverse experience set in executive management, strategy and technology along with his PhD in AI (multiple patent holder) and MS Computer Science to bear on the position, and was (is): • CTO at User Technology Associates,…

TuesdayMay 18, 2010 12:24 pm

Life After Greece

The financial world has been so focused on the turmoil in Greece the past few months that it’s easy to forget a very important fact: Greece is just one of many problem countries the international financial community has to consider. Like Greece, both Spain and Portugal have seen debt fears translate into political pressures. Increasing debt means that world investors will insist on a higher return in order to carry a country’s bonds, accelerating the debt spiral. The unavoidable result is drastic service cuts and/or tax increases, either of which could flow into the streets. In addition, the prospect of…

TuesdayMay 18, 2010 12:21 pm

New Energy Systems Group (NEWN.OB) Welcomes Li Liu to Board

Lithium battery and power systems expert New Energy Systems Group announced today that it has welcomed a new member to its Board of Directors: Mr. Li Liu. As an independent member, his appointment brings the number of independent directors to two out of a total of four board members. With his appointment, Mr. Li Liu adds over 20 years of senior engineering and business experience to New Energy Systems. Having successfully built and managed a variety of companies within the technical design space, Liu is well versed and prepared for his new role. Mr. Liu has served as general manager…

TuesdayMay 18, 2010 10:47 am

Alternet Systems, Inc. (ALYI.OB) to Acquire Proprietary Security Technology to Further Develop Subsidiary Business Strategy

Alternet Systems, Inc. announced today that they have agreed to terms to acquire proprietary technology to continue development of its business plan for their newly formed subsidiary, International Mobile Solutions (IMS). The technology to be acquired includes data and voice encryption and geo-positioning and tracking. The acquisition will complement partner technologies and will help IMS fulfill this product strategy as well as bring several projects in the sales pipeline. Details of the transaction and consummation of the deal are expected in June. Alternet, a company which operates as an enabler of mobile commerce services in the Americas and the Caribbean,…

TuesdayMay 18, 2010 10:18 am

VAALCO Energy, Inc. (EGY) Reports Higher Net Income in First Quarter of 2010

VAALCO Energy, Inc. reported net income of $6.0 million, or $0.11 per diluted share, in the first quarter of 2010. The company had a net loss of $12.6 million, or ($0.22) per diluted share, in the corresponding quarter in 2009. Revenues also moved up sharply, from $21.3 million in the first quarter of 2009 to $30.0 million in the quarter that just ended. The management of VAALCO Energy, Inc. said that the higher revenue was due to higher realized prices for oil, offset by lower sales volumes. VAALCO Energy, Inc. sold approximately 403,000 barrels of oil in the first quarter…

TuesdayMay 18, 2010 10:16 am

National Western Life Insurance Company (NWLI) Reports Higher Net Income in First Quarter of 2010

National Western Life Insurance Company reported net income of $18.4 million, or $5.20 per diluted Class A share, for the first quarter of 2010. The company earned $15.0 million, or $4.26 per diluted Class A, in the same quarter of 2009. National Western Life Insurance Company reported a large increase in revenue on a year over year basis. The company reported revenue of $144.3 million in the first quarter of 2010, up from $111.6 million in the same quarter of 2009. The management of National Western Life Insurance Company said that the improved results were due mostly to better performance…

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