Blog - Page 3943 of 5671

FridayJan 22, 2010 10:13 am

Capital Southwest Corp. (CSWC) Reports Year End Asset Value

Capital Southwest Corp. recently reported a net asset value of $456.4 million, or $121.99 per share, as of the end of 2009. This was a small decline from the $477.7 million, or $127.68 per share, reported at the end of 2008. Capital Southwest Corporation recently declared a dividend of $0.40 per share, bringing its payout for 2009 to $0.80 per share. In December 2008, Capital Southwest Corporation paid a special dividend of $2.16 per share to its shareholders. Capital Southwest Corporation is a business development company (BDC) headquartered in Dallas, Texas. The company holds equity investments in nearly 50 private…

FridayJan 22, 2010 10:10 am

Lux Digital Pictures (LUXD.OB) To Produce Historic Documentary on Videogame Industry

The videogame industry has been on a roller coaster ride since its inception. Once viewed as unintelligent and looked down upon, the videogame industry is now as much a part of America as professional sports. One company that has captured the passion shared by the United States is Lux Digital Pictures. Lux Digital Pictures is a unique company in that it is comprised of several motion picture development, production, financing and distribution brands that have unique and dynamic strategies to successfully compete in today's entertainment marketplace. Today, Lux took a major step towards enhancing its future with the announcement that…

FridayJan 22, 2010 8:59 am

China Shandong Industries, Inc. (CSNH.OB) Changes Ticker Symbol and Announces Listing on OTC Bulletin Board

China Shandong Industries, Inc., a leading producer and global marketer of straw-wicker products and furniture, recently announced the company’s listing on the Over-the-Counter Bulletin Board (OTCBB). China Shandong Industries, Inc. has changed its ticker symbol to CSNH. After completing a reverse acquisition, including a 15-for-1 forward stock split effective January 4, 2010, the company’s total number of common shares issued and outstanding has increased from 1,715,000 to 25,725,000. Employing approximately 1,500 employees, the company sells 20,000 different products in more than 30 countries to well-known companies, including Wal-Mart, ABM Group, Argos Limited, IKEA and Zara. China Shandong Industries’ senior management…

FridayJan 22, 2010 8:58 am

China HGS Real Estate Inc. (CAHS.OB) Ups FY2010 Guidance on Positive Property Sales Prices

China HGS Real Estate Inc. operates through its wholly owned subsidiary Shaanxi Guangsha Investment and Development Group Co. Ltd. in Hanzhong, China for real estate development in second-tier and third-tier cities. The company today raised its financial guidance for fiscal 2010, fueled by better-than-expected growth in residential property. For fiscal year ended September 30, 2010, China HGS projects revenues between $49.0 million and $47.5 million, up from original guidance of $46.4 million. Net income is forecast to range between $15.5 million and $16.0 million, up from original guidance of $13.0 million. The company reported that it expects fully diluted earnings…

FridayJan 22, 2010 8:39 am

Charter Communications, Inc.’s (CCMM.OB) President and CEO Resigns, Mike Lovett to Serve in Interim Role

Charter Communications, Inc. announced today that Neil Smit, President and Chief Executive Officer, has accepted a position with Comcast Corporation as President, Comcast Cable Communications. Mr. Smit's resignation as Chief Executive Officer is effective February 28, 2010. Michael J. Lovett, Charter's Executive Vice President and Chief Operating Officer, will serve as Interim President and Chief Executive Officer. In the meantime, the company's Board of Directors will conduct a national search for a new Chief Executive Officer, considering both internal and external candidates. "The entire organization is grateful to Neil for his leadership and many contributions to Charter, particularly during the…

ThursdayJan 21, 2010 3:35 pm

Blast Applications, Inc. (BLAP.PK) is “One to Watch”

Blast Applications, Inc. is a premier creator and developer of iPhone, Twitter, and Facebook applications. These applications allow users to make social media sites easier to use and more intuitive than before. Blast Applications is taking advantage of an opportunity to monetize web surfers' dedication to social media sites through direct advertising programs tied to the company's tools and applications. Blast Applications, Inc. officially launched their website in October 2009 at www.blastapplications.com. They also launched their first social application called TWEACT. TWEACT is a web-based application that allows users to flip their text upside down and backwards. Users can have…

ThursdayJan 21, 2010 2:55 pm

OMNI Energy Services Corp. (OMNI) Reports Successful Results of I.M.P.A.C.T.(TM) Cleaning Technology System

Today, OMNI Energy Services Corp. reported to investors that it has successfully executed a cleaning operation in an active production environment with its I.M.P.A.C.T.TM automated cleaning unit on an offshore production platform in the Gulf of Mexico. The cleaning operation was completed for its first commercial client, Stone Energy Corp. (NYSE:SGY), an oil and gas exploration and production company headquartered in Lafayette, La. “We are extremely pleased with this successful test of our system in a live commercial production confirming the benefits of this system to our clients as well as the enhanced safety to our employees,” said OMNI President…

ThursdayJan 21, 2010 2:51 pm

OmniAmerican Bancorp’s (OABC) First Day on NASDAQ

OmniAmerican Bancorp, the newly-created holding company for Fort Worth-based OmniAmerican Bank, was excited to announce this morning that it has begun trading on the NASDAQ Global Market following the closure of an initial public offering that closed at the adjusted maximum of the offering range and generated gross proceeds of $119,025,000. “The overwhelming response to our initial public offering has been very encouraging and, in light of the current economic conditions, is a testament to the faith that our members have in the OmniAmerican leadership team,” stated Tim Carter, president and CEO of OmniAmerican Bank. “We are excited to provide…

ThursdayJan 21, 2010 2:41 pm

Alto Group Holdings, Inc. (ALTO.OB) Goes for the Gold

Alto Group Holdings has managed to acquire 70% of the rights to the Nkwanta mining concession in the Ashanti Belt of Ghana, under an agreement with Castle Peak Mining. Castle Peak owns the mineral rights to the Nkwanta concession, and Alto is conducting exploration and mineral assays. Ghana is located on the Gulf of Guinea, on the west coast of Africa, and the Ashanti Belt, in the southwest corner of the country, has a long history of successful gold production. In fact, it’s one of the most productive gold mining regions in the world. A number of mining companies already…

ThursdayJan 21, 2010 2:10 pm

China’s Economy Growth in the Fourth Quarter of 2009

China released a batch of economic data last evening. In effect, China declared that the economic crisis is over for the country. Economic growth accelerated to a 10.7 percent rate in the final quarter of 2009. This accelerated growth pushed the overall growth rate for China's gross domestic product (GDP) for 2009 to 8.7 percent. This keeps the country on course to replace Japan sometime later this year as the world's second largest economy. China was one of the healthiest economies heading into the financial crisis, so it should come as no surprise that it is among the first economies…

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