Blog - Page 4055 of 5482

ThursdayFeb 19, 2009 9:53 am

COMSYS IT Partners, Inc. (CITP) Revenues and Net Income Reach Top End of Guidance

COMSYS IT Partners, Inc. announced this morning that its fourth quarter revenue and net income (excluding the goodwill impairment charge discussed below) were both at the top end of the range of guidance provided earlier. Revenue was $176.0 million, down 4.0% from $183.3 million during the fourth quarter of 2007, while net loss totaled $82.6 million, or $4.03 per common share, compared to net income of $8.7 million, or $0.43 per share, in the fourth quarter of 2007. The Company recorded a non-cash, after-tax goodwill impairment charge of $86.0 million, or $4.38 per share, during the fourth quarter of last…

ThursdayFeb 19, 2009 9:33 am

Beacon Equity Research Featured Company: Nitro Petroleum Inc. (NTRO.OB)

Nitro Petroleum Inc. focuses its efforts on exploring and developing oil and natural gas properties in the United States. The Company has interests in three prospects covering 240 acres (the East Moreland, West Moreland, and Farley leases) in Nowata County, Oklahoma. Additionally, Nitro Petroleum is developing a Barnett Shale joint venture project covering 7,000 mineral acres. This project contains 24 operating wells that produce approximately 400 barrels of oil and 2.5 million cubic feet of gas per day. Nitro Petroleum pursues joint venture projects in highly productive areas and redevelops mature fields through the use of innovative technologies. The company…

ThursdayFeb 19, 2009 9:27 am

Hunt Gold Corp. (HGLC.PK) Joint Venture Company Purchases an Additional 800 Million Shares

Moments ago, Hunt Gold Corp. announced that its Joint Venture Company, a partnership between Hunt Gold and a Mining Fund to acquire shares of HGLC, acquired another 800,000,000 “free trading” shares of the company’s common stock from another Seller yesterday at a price of $0.000075 per share. That seller is no longer offering the shares in the market. Total purchases to date by the Joint Venture Company now total to 2,603,863,000 shares of “free trading” common stock. All purchases by the Joint Venture Company were transacted "off market" to eliminate brokerage costs and avoid distortion of trading volumes. The purchases…

ThursdayFeb 19, 2009 8:31 am

Diversified Strategy Promises to Sustain Enterprise Oilfield Group Inc. (TSX: E) During Period of Low Oil Prices

By acquiring the well established TC Backhoe & Directional Drilling Inc., Enterprise Oilfield will be able to perform better than most oil field service companies that are less diversified. TC generates more than 75% of its revenues from infrastructure, and the rest from the energy service sector. The utility infrastructure & directional drilling business accounted for 39% of Enterprise’s revenues for the 9 months ended September 2008. Currently, services provided by this segment includes installation of underground power, telecommunications and natural gas lines for some large companies, such as Shaw Communications (NYSE: SJR) and Fortis Inc. (TSX: FTS). According to management, the bulk…

ThursdayFeb 19, 2009 8:09 am

Cleartronic Inc. (CLRI.OB) Given “Speculative Buy” Rating

Beacon Equity Research recently issued a research report featuring Cleartronic, Inc. and its wholly owned subsidiary, VoiceInterop. The research bureau is a leading research provider that is committed to finding undiscovered small cap companies and bringing them to the attention of the investing community. The worldwide market for unified communications solutions is expected to nearly double in size from $25.5 billion in 2008 to $48.7 billion in 2012. If the company captures only a small percentage of the market through installations and hosted network subscriptions, it would produce substantial revenues. Based on conversations with management, Beacon Equity believes that FY…

ThursdayFeb 19, 2009 6:54 am

Visualant, Inc. (VSUL.OB) Signs LOI to Acquire TransTech Systems, Inc.

Visualant announced today that it has entered into a Letter of Intent to acquire TransTech Systems, Inc. of Wilsonville, OR. TransTech Systems is a leading provider of identification, security and authentication products and services. With more than $10 million in annual revenues, TransTech can provide an established market presence to rapidly deploy Visualant's enhanced security and authentication solutions. Ron Erickson, Visualant Chairman, commented, “We are thrilled to be joining forces with Jim and the TransTech team. They have a great reputation for leadership in the provision of client-oriented security and authentication solutions and provide a solid base for distribution of…

ThursdayFeb 19, 2009 6:43 am

Hunt Gold Corp. (HGLC.PK) Issues Convertible Bonds to Eliminate All Debt and Strengthen Balance Sheet

Today before the opening bell, Hunt Gold Corp. announced that it has authorized an issue of up to $10 million of Convertible Bonds. These bonds are being issued to eliminate existing loans made to the company. The company intends to settle all of these loans through the issuance of convertible bonds by the end of this month. Hunt Gold Corporation's cash requirements are enormous considering its extensive exploration and drilling program, ongoing monthly overhead costs, the costs of its Geologists, Professional Advisors and Consultants, its fifty percent share of the Joint Venture Company which is actively acquiring shares of Hunt…

ThursdayFeb 19, 2009 6:11 am

Sector 10, Inc. (SECT.OB) Stays Focused on Founder’s Vision to Save Lives

Sector 10, Inc. (SECT.OB) has a vision of redefining how private citizens handle emergencies. Rather than rely solely on centralized personnel during emergency situations, Sector 10 focuses on developing pre-deployed onsite tools to increase the survivability rate of individuals in times of crisis. Under the guidance of Pericles DeAvila, Sector 10 should be in a position to save countless lives. What drives the founder of Sector 10 to take a pro-active approach to safety? In 1980, DeAvila was in the Azores when an earthquake struck the region. Not only did DeAvila lose a close friend during the natural disaster, he…

WednesdayFeb 18, 2009 1:32 pm

Crude Oil Goes Down but Gas Prices Don’t

Last week, crude oil closed down to under $34 per barrel while the national average price for a gallon of gas rose to $1.95. Most people would assume that since crude oil prices are going down that we would see fuel costs fall as well. However, this assumption is ultimately incorrect. Most consumers understand there is a correlation between fuel prices and oil, but what they fail to understand is which oil actually affects fuel prices. The crude oil figures that U.S. consumers see on television and in the paper are driven by the price of West Texas Intermediate (WTI).…

WednesdayFeb 18, 2009 1:14 pm

Hybrid Technologies, Inc. (HYBR.OB) Changes Company Name and Trading Symbol

Today, Hybrid Technologies announced that it has changed its name to EV Innovations Inc. and will begin trading under its new ticker symbol EVII effective immediately. This move marks the company's transition from a development stage technology company to a world class manufacturer of Plug-In Battery powered vehicles. Holly Roseberry, President of EV Innovations, stated, "As we go forward under our new identity and new ticker symbol, EVII, we fulfill our commitment to be the leader in American made Plug In Electric Vehicles." Let us hear your thoughts: EV Innovations, Inc. Message Board

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