Blog - Page 3985 of 5769

WednesdayMar 17, 2010 10:31 am

Harvest Natural Resources, Inc. (HNR) Powers Higher Net Income through Venezuela Operations

Harvest Natural Resources, Inc. reported net income of $5.1 million, or $0.15 per diluted share, in the fourth quarter of 2009, a vast improvement from the net loss of $16.8 million, or $0.51 per share, the same quarter in 2008. During 2009, Harvest Natural Resources, Inc. drilled 15 successful wells through its 32% owned Venezuelan affiliate (Petrodelta). This exploration and development program increased oil production in Venezuela to an average of 21,464 barrels of oil per day, or 7.8 million barrels per year. “Despite one of the most challenging business environments in recent memory, Harvest achieved several key milestones in…

WednesdayMar 17, 2010 10:30 am

Mannatech, Inc. (MTEX) Reports Higher Fourth Quarter Net Income

Mannatech, Inc. reported net income of $2.2 million, or $0.08 per share, in the fourth quarter of 2009, compared to net income of $620,000, or $0.02 per share, in the same quarter of 2008. Mannatech, Inc. said that fourth quarter of 2009 revenues fell by 8.4% to $70.1 million, from $76.5 million a year earlier. The company did see an increase in its international sales in the fourth quarter of 2009, which increased 8%, from $31.2 million to $36.3 million. Stephen Fenstermacher, the Co-CEO of Mannatech, Inc. said, “Our focus since mid-year of 2009 was to return to traditional cost…

WednesdayMar 17, 2010 10:22 am

Universal Detection Technology (UNDT.OB) Addresses First Responder Safety in Bioterrorism Attacks

Universal Detection Technology is a developer of early-warning monitoring technologies and counter-terrorism training programs to protect people from bioterrorism and other infectious health threats. The company today issued a response to the growing interest in the security and emergency response communities to protect first responders most susceptible to anthrax exposure. In other words, if there is a bioterrorism attack how can first responders preserve their own health and safety? For example, in the early stage of an inhalational anthrax attack, a one day delay in the initiation of chemoprophylaxis and treatment of exposed persons can result in thousands of additional…

WednesdayMar 17, 2010 10:21 am

ARI Network Services (ARIS.OB) Posts Solid Q2 and Half-Year 2010 Results, Leveraged by Strong Operations

ARI Network Services Inc., a leading provider of technology-based retail solutions for automotive dealers, distributors and manufacturers, today posted its results for the fiscal second quarter ended Jan. 31, 2010, posting a 35 percent revenue increase and strong operating results. Revenues for the quarter were reported at $5.4 million, a 35 percent hike from $4.0 million reported for the second quarter of 2009. Operating income increased 9 percent to $329,000 for the second quarter of 2010, compared to $303,000 for the second quarter of 2009. Net income increased to $176,000, or $0.02 per share, for the second quarter of fiscal…

WednesdayMar 17, 2010 8:38 am

NetSol Technologies, Inc. (NTWK) Partners with Atheeb Group to Launch New Joint Venture in Kingdom of Saudi Arabia

NetSol Technologies, Inc., a U.S. corporation focused on providing global business services and enterprise application solutions, today announced the formal operational launch of the Atheeb NetSol Limited joint venture. This launch marks a major milestone for the company as it focuses on the development of the dynamic fast growing Middle East market for IT services and software development. The Atheeb NetSol Limited joint venture will engage market development opportunities with the goal of penetrating the software engineering arena in key business sectors such as telecommunications, defense, public sectors and finance, among others. Atheeb NetSol Limited will leverage the strength of…

TuesdayMar 16, 2010 3:38 pm

Simulated Environment Concepts, Inc. (SMEV.PK) – A History of Innovation, a Future of Success

Simulated Environment Concepts, Inc. shows continued dedication to the sort of entrepreneurial spirit, hard work and integrity that has made them the most recognized name in on-demand relaxation systems. With products like their incredibly well-received SpaCapsule®, which sets a new standard in massage therapy by uniquely fusing ancient healing techniques like aromatherapy and modern audio visual (AV) stimulation, the Company is aimed toward a future whose success is limited only by their ability to expand product recognition. Since extensive test marketing research done as far back as 97, the Company has steadily grown and developed into the wellness dynamo it…

TuesdayMar 16, 2010 3:33 pm

WikiLoan, Inc. (WKLI.OB) to Tap Underserved Banking Customers with New Card

WikiLoan, Inc. – the bold pioneer in a growing world of peer-to-peer lending whose social media-based lending portal, WikiLoan.com, is fast becoming a familiar hangout to family and friends seeking a low-cost yet structured means to lend money amongst each other – announced recently a major new strategic push to serve the unbanked and underbanked. With over 28 million potential customers in the US alone, this is a gold-mine market segment which has proven historically difficult to court. In spite of that, WikiLoan – with its innovative financial services model – is seeing penetration into this group. The “Wiki” branded…

TuesdayMar 16, 2010 1:19 pm

NovaGold Resources Inc. (NG) Could be a Quiet Winner

It is not often that a gold mining company can be called a growth company. Generally, they are "juniors" or "development stage" in nature. In some cases, however, the company decides to make a break-out and run with a known set of reserves and resources. Catching these companies is where the real dollars can be found. This does not happen often but if one pays attention and can act quickly, profit will most likely follow. NovaGold Resources Inc., a gold, silver, and lead exploration and development mining company, works to find and exploit basic minerals primarily in Alaska and British…

TuesdayMar 16, 2010 1:15 pm

Beacon Enterprise Solutions Group, Inc. (BEAC.OB) Retains Halliburton Investor Relation for Investor Relations Initiative

Today, high performance ITS infrastructure solutions developer Beacon Enterprise Solutions Group, Inc., announced that it has retained Halliburton Investor Relation to assist the company with its investor relations program. HIR, a Dallas-based firm, will work with Beacon Enterprise Solutions in the execution of strategic outreach programs. The initiative is designed to broaden the company's exposure within the investment community. HIR will focus on promoting investor awareness of the Beacon's operational and financial performance. Ultimately, it will focus on communicating its growth strategy and broadening its institutional shareholder base. Beacon Solutions CEO, Bruce Widener, commented, "We are pleased to add HIR…

TuesdayMar 16, 2010 12:55 pm

Compugen Ltd. (CGEN) Announces Discovery Platform to Predict Cell Penetrating Peptides for Drug Delivery

Israeli drug and diagnostic product discovery company Compugen Ltd. today announced the development and validation of its Intracellular Drug Delivery (IDD) discovery platform for identification of cell penetrating peptides. The company also reported that as part of the validation process for the new platform, more than twenty novel peptides demonstrated the predicted cell penetrating properties in initial experimental validation studies. The delivery of biological molecules across selectively permeable cell membranes and into the cells represents a major challenge for the pharmaceutical industry. Important classes of drugs now under development need to enter cells to be effective. Since most are unlikely…

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