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MondayAug 17, 2009 11:12 am

DAC Technologies (DAAT.OB) Reports Dramatic Increase in Revenues and Net Income

DAC Technologies today announced its financial results for the second quarter ending June 30, 2009. Net income for the quarter was $128,566 compared to $8,090 for the same period in 2008, an increase of $120,476 or 1,489%. Net sales were $3,143,041 versus $2,724,258 during the same quarter in 2008, an increase of $418,783 or 15%. David A. Collins, Chairman and CEO, stated, "The Company continues to benefit from a positive trend in firearm accessories and concentrating on its core business of gun cleaning kits, gun locks and firearm accessories. The Company also continued to increase its gross margins, from 25%…

MondayAug 17, 2009 11:03 am

Tiens Biotech Group, Inc. (TBV) Finds Export Sales to Vietnam/Indonesia Boosting Net Income

Understanding your customer base may seem like an obvious statement in the manufacturing world. Unfortunately, the statement is all too often ignored. When a cultural aspect is added into the equation, understanding cultural needs and requirements becomes even more of an imperative as ignoring it will ultimately doom a project. If, however, a company can blend the two, it will have a solid chance at substantial profit right along with a savvy investor. Tiens Biotech Group Inc. USA., a nutritional products company, works to develop, manufacture and market dietary supplements and wellness products primarily in China, the Russian Federation, Ukraine,…

MondayAug 17, 2009 11:00 am

ZOOM Technologies, Inc. (ZOOM) Positions Itself for Expanding Communications Marketplace

ZOOM Technologies Inc., a manufacturer and marketer of communications products, works to manufacture and market products directed at the wireless and landline communications markets. The company’s product line includes modems of several varieties, Voice over Internet Protocol devices (VoIP), wireless local networking devices, wireless-G products (USB and wireless PC card clients), routers and telephony type products. The company also offers other assorted communications hard goods products such as telephone jacks. Although the communications marketplace is currently in a state of development and flux, the company does appear to have the depth and breadth of product development to keep pace. Its…

MondayAug 17, 2009 10:06 am

nFinanSe, Inc. (NFSE.OB) and Coinstar, Inc. (CSTR) Sign Distribution Agreement

nFinanSe announced last week that they have signed an agreement with Coinstar E-Payment Services Inc. to distribute nFinanSe’s Reloadable Prepaid and Gift Cards to Coinstar’s Pay as You Go Solution found at retailers nationwide. The agreement will open up new revenue streams for both companies and have a lasting effect on their future. nFinanSe is an up-and-coming company that has been gaining national attention of late. The Tampa, Florida Company is an innovative financial services company and provider of store value and prepaid solutions. Coinstar E-Payment Services is a subsidiary of Coinstar, Inc. and has been making a name for…

MondayAug 17, 2009 10:01 am

Paid, Inc. (PAYD.OB) Launches Google Checkout on AuctionInc ShopCart Ecommerce Shopping Cart

Paid, Inc. may be in for a big payday with the launching of a Google Checkout option on its ShopCart™ shopping cart software for e-commerce vendors. The additional payment option will provide on-line customers with safe, accurate and convenient payment and shipping options, the most critical aspects for e-commerce customers who are living in today’s fast-paced economic world. When asked what this new feature will mean to Paid, Inc. customers and investors, AuctionInc Product Manager Doug Sherman said, “Our integration with Google Checkout allows merchants to offer their shoppers another safe, user-friendly payment option that streamlines the shopping process for…

MondayAug 17, 2009 9:49 am

Gold Resource Corp. (GORO.OB) Makes Major Announcement

Gold Resource Corp. announced its large grinding ball mill has arrived on site and that open pit mining and stockpiling of ore has begun in preparation for operations at its El Aguila Project in the southern state of Oaxaca, Mexico. Subject to the delivery of the remaining equipment and construction schedules, GRC targets production at its El Aguila Project in 2009 which could make the young company a major power in the financial world. With the arrival of the largest ball mill on Sunday, August 16, 2009, Lyntek Inc., the project’s engineering, procurement and construction manager, has their grinding mill…

MondayAug 17, 2009 9:10 am

Axial Vector Energy Corp. (AXVC.PK) Pursues U.S. Army Efficient Powertrain Technologies Contract

Axial Vector Energy Corp. announced this morning that it is proposing its Workhorse engine and ancillary generator solutions in response to the U.S. Army's Efficient Powertrain Technologies Broad Agency Announcement (BAA), http://contracting.tacom.army.mil/baa/05RBAA1/topics.htm. Launching a four year program to develop new powertrain technologies, the Army is searching for a solution matching a diesel engine, a longitudinal transmission, and a high output optimized electrical generator device to provide exportable electrical power. The chosen solution must reduce fuel consumption, reduce noise, and operate on a variety of fuel combinations and mixtures. According to the press release, this contract is anticipated to be funded…

MondayAug 17, 2009 9:00 am

eDOORWAYS Corp. (EDWY.PK) Confirms Company is on Track for Filing Date

Moving forward to meet the expected filing date of the 10K, eDOORWAYS Corp. today told investors that Mr. Bensimon remains “steadfast” regarding the timing of the 10K filing. Yesterday, Mr. Bensimon provided the company’s SEC counsel and auditor a fairly completed 10K document. According to the press release, Mr. Bensimon believes that barring any unforeseen legal matters or major concerns from the auditor, the review of the 10K document should be complete and ready to file in approximately the next two weeks. This timing is in line with his original estimate. The company also announced that, at Mr. Bensimon's recommendation,…

MondayAug 17, 2009 8:19 am

National Investment Managers Inc. (NIVM.OB) Posts Record Q2 Results, Citing Aggressive Business Model and Strategic Plans

National Investment Managers Inc. is a nationally-based holding company focused on retirement plan administration and investment management. The company recently announced its financial results for the quarter and six months ended June 30, 2009, reporting record quarterly revenues. The company posted second-quarter 2009 revenues at $14.1 million, up 19.7 percent from $11.8 million posted in 2008. For the first half of 2009, the company reported revenues of $26.7 million, an increase of 29.1 percent, from $20.7 million reported for the first six months of 2008. The company's earnings before interest, taxes, depreciation, amortization (EBITDA) was $4.7 million for the second…

FridayAug 14, 2009 5:23 pm

Diversified Restaurant Holdings, Inc. (DFRH.OB) Enters into Letter of Intent to Acquire Nine Buffalo Wild Wings Restaurants

Diversified Restaurant Holdings, Inc., a restaurant management company, announced that the company has signed a letter of intent to purchase nine Buffalo Wild Wings restaurants, which includes six locations in Michigan and three locations in Florida. The company’s Board of Directors approved this agreement at its July 30, 2009 meeting. Founded in 1982 and headquartered in Minneapolis, Minnesota, Buffalo Wild Wings is an owner, operator and franchisor of neighborhood restaurant / bar style establishments. Over the past 27 years, the concept has established widespread appeal as an inviting, neighborhood destination with more than 600 restaurants in over 40 states nationwide.…

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