Blog - Page 3983 of 5550

FridayAug 07, 2009 10:09 am

Treaty Energy Corp. (TECO.OB) Announces LOI to Enter in Joint Venture with Discovery Resource Group

Treaty Energy Corporation announced a Letter of Intent (“LOI”) to enter into a 50/50 Oil and Gas Joint Venture (“JV”) with Discovery Resource Group. The venture could make both companies extremely marketable and attractive to the market place. Initially, Discovery Resource Group (DRG), which is a Delaware limited liability company, will pledge 19 wells from 4 affiliated partnerships and Treaty will pledge 9 wells to a bank to procure an estimated $2,000,000 line of credit for drilling and working over wells. With the new line of credit, Treaty plans to do workovers in West Texas, radial jet lateral workovers, and…

FridayAug 07, 2009 10:05 am

New Gold Inc. (AMEX: NGD) Beats Street Estimates, Lowers Production Costs

In the mining game, price is the only consideration. How much does it cost to get the commodity out of the ground and how much can it be sold for. If the numbers don't add up, there is no activity and no company. Some companies, however, work more efficiently than others and can get the commodity out of the ground at a lower cost. If an investor can find companies like this, there is profit to be made. New Gold Inc., a mining development company, works to develop and exploit mineral properties primarily in Central and South America. The company…

FridayAug 07, 2009 10:01 am

WorldVest, Inc. (WOVT.OB) Expands Its Asian Business Division

WorldVest Inc. is a global merchant bank that offers not only traditional investment banking, asset management and advisory services, but also makes direct investments as a principal in select high-growth transactions on a global basis. The company's particular focus is on middle market companies which are often ignored by many financial institutions. WorldVest has announced that it has expanded its Asian business division to pursue unique and exciting investments and banking transactions throughout the Asia region, with a focus on China and South Korea. To oversee development in this rapidly growing market, the company announced that Matthew Chung has joined…

FridayAug 07, 2009 9:59 am

The ICEE Company Launches Iced Coffee by Javo Beverage (JAVO.OB)

Javo Beverage Company, Inc., a leading provider of premium dispensable coffee and tea-based beverages to the food service industry, recently announced a partnership with the ICEE® Company (NASDAQ: JJSF), a subsidiary of J&J Snack Foods Corporation. Under the terms of the agreement, ICEE distribution centers nationwide will immediately add iced coffee to their line-up of industry leading beverage products. Mocha latte and caramel latte will be the two initial flavors offered under the Java Freeze™ brand to national accounts and retail foodservice operators in the United States, Canada and Mexico. The ICEE Company is the most highly recognized brand and…

FridayAug 07, 2009 9:58 am

LKQ Corp. (LKQX) Brings In Terry Fortner from Nationwide

LKQ Corp., the largest nationwide provider of automobile aftermarket collision replacement parts, today announced that Terry M. Fortner has joined the company as VP of Industry Relations & Market Development. His responsibilities will include the development, implementation, and coordination of LKQ’s product and service offerings to the automobile insurance and collision repair industries. Mr. Fortner brings with him 32 years of experience with Ohio-based Nationwide Insurance, one of the biggest insurance and financial service companies in the world, where he was VP of Material Damage Claims. His extensive knowledge of automobile damage insurance includes involvement with a number of related…

FridayAug 07, 2009 7:27 am

Beacon Equity Research Featured Company: Almost Family, Inc. (AFAM)

Almost Family is a leading provider of home health nursing, rehabilitation and personal care services. The ultimate goal of the company is to promote independence by allowing seniors to age in place for as long as possible. By providing specialty programs such as: Cardiocare, Orthopedics, Optimum Balance, B.R.E.A.T.H.E, Urology, Frail Elderly Care Management, and Telehealth Monitoring, seniors are able to achieve the independence they seek, thus leading to improved overall health. The operation of Almost Family, Inc. is divided into two segments which are: Visiting Nurse segment, or VN, and its Personal Cares segment, or PC. The Visiting Nurse segment…

FridayAug 07, 2009 7:24 am

Beacon Equity Research Featured Company: XOMA Ltd. (XOMA)

XOMA is a biopharmaceutical company that discovers, develops and manufactures therapeutic antibodies. These antibodies and other agents are developed in order to treat inflammatory, autoimmune, infections and oncological diseases. The company has a premier antibody discovery and development platform that incorporates leading antibody phage display libraries and XOMA's proprietary Human Engineering(tm) and Bacterial Cell Expression (BCE) and manufacturing technologies. Partnering with companies, such as Novartis AG, Schering-Plough Research Institute and Takeda Pharmaceutical Company Limited, enables XOMA to develop additional antibodies with multi-indication potential. Partnering not only allows XOMA access to new drug targets, but will add substantially to the generation…

FridayAug 07, 2009 7:21 am

Beacon Equity Research Featured Company: San West USA Inc. (HBSY.OB)

San West USA Inc. designs, manufactures, sells and repairs off-road buggies and scooters, and provides aftermarket performance parts and accessories for buggies built in China for the U.S. market. They are leading the way in the manufacturing of aftermarket performance UTV products that require less maintenance than the off-the shelf varieties. Due to the lack of competent UTV repair shops that specializes in the repair of Asian made models, these new aftermarket performance products are desperately needed. The acquisition of Buggy World has richly rewarded San West with annual revenues exceeding $1.6 Million, and has increased its visibility and presence…

FridayAug 07, 2009 7:04 am

California United Bank (CUNB.OB) Posts Strong Q2 Results; Announces Quarterly Highlights

California United Bank (CUNB.OB) yesterday announced its second-quarter financial results for the period ended June 30, 2009. The company reported a 281.3% increase in net income at $347,000 as compared to the second quarter of last year. The increase was attained even after a $189,000 FDIC insurance assessment expense. Despite the recession and continued concerns on lending and borrowing, the company said it maintained a close eye on its operations, attributing to its positive second-quarter results. "I am pleased to report another strong quarter of results," David Rainer, president, CEO and recently appointed chairman of California United Bank stated in…

ThursdayAug 06, 2009 3:50 pm

Monmouth Real Estate Investment Corporation (MNRTA) Reports Strong FFO in Second Quarter

Monmouth Real Estate Investment Corp. reported funds from operations (FFO) of $3.692 million, or $0.15 per share, for its third fiscal quarter of 2009, ending 6/30/2009. This brings its nine months FFO to $11.89 million or $0.48 per share, excluding non-cash impairment and other one-time charges. Other highlights in the quarter include: • An ending cash balance of $8.0 million • Occupancy rate of 96% • Average lease maturity of approximately 5 years Eugene W. Landy, the President of Monmouth Real Estate Investment Corporation, said, "MREIC continues to perform well despite weakness in the overall economy. By investing in net-leased…

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