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ThursdayFeb 18, 2010 10:38 am

Federal Reserve Reports Promising Signs of Economic Recovery

On Wednesday, news broke that industrial output rose for a seventh straight month and home construction hit a six-month peak in January. The news has sparked hope that the economy can sustain its recovery. The Federal Reserve report showed gains in manufacturing, mining and utilities, the first collective show of strength since August. Manufacturing output rose 1 percent, led by a nearly 5 percent gain in auto production. A separate sign of strength came in a Commerce Department report on housing construction: home building posted a better-than-expected increase last month. Construction rose 2.8 percent to a seasonally adjusted annual rate…

ThursdayFeb 18, 2010 10:35 am

Yayi International Inc. (YYIN.OB) Reports Strong Profit in Fiscal 2009

Yayi International Inc. reported net income of $5.4 million, or $0.22 per diluted share, in fiscal 2009, which ended October 31, 2009. In fiscal 2008, the company earned $1.8 million, or $0.05 per diluted share. Revenues for fiscal 2009 were reported at $24.8 million, up 14% from $21.8 million in fiscal 2008. The company attributed the revenue increase to an increase in volume, offset by a slight decrease in average price realized. Li Liu, the CEO of Yayi International said, “We are pleased to report solid revenue and impressive gross and operating margins for our most recent fiscal year. Throughout…

ThursdayFeb 18, 2010 10:33 am

China Executive Education Corp. Announces Reverse Merger Completion with Demand Heavy Duty Corp. (ODHD.OB)

China Executive Education Corp., an executive education business, yesterday announced its reverse merger into a public company named On Demand Heavy Duty Corp. , which has acquired all outstanding capital stock of Hong Kong corporation Surmounting Limit Marketing Adviser Limited (SLM). The emerging company will retain the name China Executive Education, and said it is working to change its ticker symbol to reflect the merger. China Executive Education offers business training programs through two subsidiaries located in China. The company targets Chinese entrepreneurs looking for methods to improve leadership, management and marketing skills, and has designed and developed 22 training…

ThursdayFeb 18, 2010 10:30 am

ComVest Capital LLC Announces 51% Ownership in ClearPoint Business Resources (CPBR.OB)

ComVest Capital LLC yesterday announced its 51-percent stake in ClearPoint Business Resources Inc., owner and operator of its iLabor e-procurement platform. The platform equips temporary staffing agencies with technology that gives them access to the temporary workforce marketplace. As a private investment firm, ComVest is the company’s senior lender under a secured revolving credit facility. ComVest has extensive experience and networking resources, and has invested over $2 billion into more than 200 public and private companies around the world. "As the adoption of iLabor continues to increase, we are excited to have ComVest as a majority stakeholder," Michael Traina, ClearPoint…

ThursdayFeb 18, 2010 8:56 am

NetSol Technologies, Inc. (NTWK) FORTUNE 50 Client Upgrades LeasePak License

NetSol Technologies, Inc., a U.S. corporation focused on providing global business services and enterprise application solutions to private and public sector organizations worldwide, announced this morning that it has signed a new upgrade for its LeasePak licensing agreement with a U.S. based FORTUNE 50 company, as ranked by FORTUNE Magazine in their annual ranking of America's largest corporations. Najeeb Ghauri, NetSol Technologies Chairman and Chief Executive Officer, stated, "Today's announcement on the upgrade of our LeasePak solution with this FORTUNE 50 client reflects the strength of our LeasePak solution and our increasing penetration of large blue-chip customers around the world.…

ThursdayFeb 18, 2010 8:28 am

Fund.com, Inc. (FNDM.OB) Subsidiary Partners with Peritus Asset Management to Develop All Future ETFs

AdvisorShares Investments, LLC, a developer and distributor of actively managed ETFs, was excited to announce today that it has partnered with Peritus Asset Management, LLC, Santa Barbara, CA, a value-based, active credit investment manager, to create a new actively-managed ETF, anticipated to be a high yield bond-focused ETF. The new ETF would join AdvisorShares' growing portfolio of innovative actively managed ETFs. In addition, in an exclusive arrangement, Peritus agreed to develop all future ETFs with AdvisorShares. "Peritus has an outstanding track record managing high yield investments," stated Noah Hamman, CEO and founder of AdvisorShares. "AdvisorShares believes an important advantage of…

WednesdayFeb 17, 2010 3:20 pm

Newport Digital Technologies, Inc. (NPDT.OB) Showcases Business Strategy and Core Competencies

Newport Digital Technologies, Inc. (“NDT”) continues to leverage a global network of strategic alliances in order to drive its Digital Signage, RFID, WiMAX, eLearning, VoIP, and Security/Surveillance business forward. With a deep-bench management of skilled industry professionals who have vast experience in information communications technology (ICT) and hail from such sector powerhouses as Intel, AMD/ATI, Nortel, ViewSonic, and Level One Communications, NDT has a strong leadership capable of effectively navigating the computing, gaming, graphics, networking and wireless markets. Years of successful collaboration in Taiwan, with senior R&D incubators like the Institute for Information Industry (III) and the Industrial Technology Research…

WednesdayFeb 17, 2010 2:29 pm

Reflect Scientific, Inc. (RSCF.OB) Stronger After Internal Reorganization

Reflect Scientific, Inc., the Orem, Utah-based developer of optics, imaging and cryogenic cooling for industries from biotech to transportation, announced today the completion of an internal corporate reorganization. The Company’s Cryometrix product lines were relocated to the Bozeman, MT location, saving roughly $1M, and the unprofitable All Temp Engineering was dismantled – changes which allowed capital and resource to be shifted to RSCF’s liquid nitrogen cooling technology, which shows greater profit potential. With a $28B market in play for this patented, zero-emission cooling technology – used primarily in refrigerated transport vehicles, server rooms (where heat generation is a major issue),…

WednesdayFeb 17, 2010 2:04 pm

CitySide Tickets, Inc. (CIST.PK) Has Your Ticket

CitySide Tickets, a leader in nationwide ticket sales for sporting events, concerts, and theater, provides consumers with easy and affordable access to the hottest events in America. They offer a diverse range of tickets through their website at www.CitySideTickest.com, where visitors can also sell their own tickets. Based in Boston, the company is now spreading its influence in the industry through the acquisition of smaller ticket firms across the country. Below is a small sample of the type of events offered. • Concert Events – Taylor Swift, Bon Jovi, Elton John & Billy Joel, Black Eyed Peas, Mariah Carey, AC/DC,…

WednesdayFeb 17, 2010 1:53 pm

National Automation Services Inc. (NASV.PK) Offers a Broad Portfolio of Capabilities and Services

National Automation Services Inc. is establishing itself as a leader in the process controls and systems integration industry. The company is leading the industry as an elite systems integrator, Allen-Bradley solutions provider, Siemens solutions provider and an Underwriters Laboratories certified panel facility. By aligning with nationally recognized regulatory bodies, the company has gained significant marketplace credibility, product compliance integrity and the highest standards for service and products. The company offers an incredibly wide array of capabilities and services to their clients which include: PLCs – 25+ Years Combined Experience NAS's engineering department has highly qualified control engineers on staff with…

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