Blog - Page 4071 of 5440

WednesdayNov 19, 2008 6:19 am

Tri-Star Holdings, Inc. (TSHL.PK) Updates Shareholders on Wickenburg Mine Operations

Today before the bell, Tri-Star Holdings announced that several developments have taken place at its gold placer mining claim on the Hassayampa River in Wickenburg, Arizona. According to the press release, both the CEO and Director have been overseeing the placement of equipment, additional equipment purchases and conducting video interviews that will be released to the public. The company’s trammel refinery and assorted equipment arrived for initial placement and operations. Tri-Star is also utilizing a 2,300 gall water truck to temporarily meet on-site water requirements of processing operations until a well is established. The management team anticipates operations will continue…

WednesdayNov 19, 2008 5:39 am

Jamba, Inc. (JMBA) Announces Third Quarter Financial Results

Jamba, Inc. (NASD: JMBA), a leading blender of fruit and other naturally healthy ingredients that strives to inspire and simplify healthy living for its customers and employees, recently reported its financial results for the third quarter ended October 7, 2008. Revenue for the third quarter totaled $86.6 million, an increase of 3.6 percent from $83.6 million reported in the third quarter of 2007. Due to the current economic environment, the company expects to record little or no growth for the remainder of 2008 and is anticipating low single-digit growth in 2009. Jamba’s chairman, interim president and chief executive officer, Steven…

WednesdayNov 19, 2008 5:38 am

Deep Down, Inc’s (DPDW.OB) 3rd Quarter 2008 Revenues Skyrocket On Two Key Acquisitions

One of the ways companies experience revenue growth is by buying other companies. For the 3rd Quarter 2008, Deep Down, Inc. reaped the fruit of this strategy as its revenues shot up from its acquisitions of Mako Technologies, LLC and Flotation Technologies, Inc. For the 3 month period ending September 30, 2008, gross revenue was $11.7 million, compared with $6.8 million for the same period in 2007. The purchases of Mako and Flotation Technologies accounted for $8.5 million, or 73%, of Deep Down’s 3rd Quarter revenues. The purchases of Mako and Floatation Technologies also gave Deep Down’s gross profit a…

TuesdayNov 18, 2008 2:43 pm

Avanex Corp. (AVNX) Gets New CEO

Avanex Corporation, a global provider of optical network solutions, today announced the appointment of Dr. Giovanni Barbarossa as CEO, President, and Director. Dr. Barbarossa has been with the company for 8 years, serving as Chief Technical Officer and Sr. V.P., and, since July, as Interim CEO. He has also been named as a member of the Avanex Board of Directors. Prior to Avanex, Dr. Barbarossa held senior management roles in the Optical Networking Division of Agilent Technologies, and in the Network Product Group of Lucent Technologies. Before that he was with AT&T Labs, and a research associate with Bell Labs.…

TuesdayNov 18, 2008 2:43 pm

3DIcon Corp. (TDCP.OB) Praised For New 3D Imaging Technology

3DIcon Corporation, developer of groundbreaking 3D projection and display technologies, has received high praise from well-respected leaders of business and science for its revolutionary 3D imaging system. The comments were prompted by the company’s recent announcement of a working prototype of its proprietary 3D display system called CSpaceTM, able to render high-resolution 360-degree 3-dimensional images without any viewing aids. CSpace is the first system of its kind that has no mechanical moving parts, and is also scalable, opening up a vast range of applications. David Klugh, Vice President Surveillance and Security for ARIA International, a premier provider of surveillance and…

TuesdayNov 18, 2008 1:55 pm

Automakers Must Shape-Up or Face the Inevitable

To avoid a major collapse of the American auto industry, the Big Three are going to have to make some serious changes. Cleaning-house will be necessary if the carmakers are going to survive; including focusing on fewer models, consolidating dealerships, and striving to create better products than their overseas competitors. It seems clear that the $25 billion that the industry is asking of Congress should come, but with several strings attached. No one favors the failure of one of the largest pieces of America's manufacturing sector, but 'trimming the fat' is critical to ensuring that the current problems will not…

TuesdayNov 18, 2008 1:54 pm

Another Volatile Session for Investors

As worried investors continue to speculate as to just how long we might be dealing with the effects of a deep recession, Wall Street experienced yet another day of mixed trading and explosive swings. Leading up to 12:00 p.m. ET, the Dow index showed a 200-point surge, reaching 8,475. Shortly before 3 p.m., the number had fallen dramatically to 8105, but toward the end of the day recovered nicely. Individuals apparently are finding it maddeningly difficult to ascertain the current status of the economy. The fluxuating markets seem to be a sign that while things are indeed tough; a flicker…

TuesdayNov 18, 2008 1:52 pm

Paulson, Bernanke Stand behind Bailout Despite Change of Course

Just a week after Washington officially and somewhat ironically scrapped the idea of utilizing funds from the Troubled Assets Relief Program to purchase troubled assets, Hank Paulson and Ben Bernanke could be found on Capitol Hill vehemently defending their handling of the funds. Paulson, who appeared before the House Financial Services Committee, added guarantees on high-risk mortgages to the list of inadvisable uses of the $700 billion pool. FDIC Chairwoman Sheila Bair broke away from the administration's official position, testifying that $24 billion of the bailout money should go to helping certain Americans avoid foreclosure, and expressing her belief that…

TuesdayNov 18, 2008 1:51 pm

EV Transportation, Inc. (EVTP.OB) Plans for Obtaining a Larger Market Share

EV Transportation is a unique car rental company in that it is the only truly environmentally-friendly group of its kind, solely offering electric and low-emission vehicles. EV is currently in the process of positioning itself for intense growth in a rapidly evolving sector of the car rental industry. As of 2007, the industry as a whole logged revenues of roughly $21 billion, more than ninety percent of which was generated by the following four top players: Enterprise (including recently acquired Alamo and National brands), Avis Budget Group, Hertz Global Holdings, and the Dollar Thrifty Group. With the exception of Hertz,…

TuesdayNov 18, 2008 12:59 pm

Inspiration Mining Corp. (ISM.TO) Discovers Success with Diamond Drilling Program on Langmuir Project, Ontario

Inspiration Mining Corp announced Friday that they have continued to find success with their diamond drilling program on the Langmuir Project, located in Langmuir Township south of Timmins, Ontario. This property contains 69 adjacent mining claim units that cover about 1,090 hectares in the north-central portion of Langmuir Township, Porcupine Mining Division, and District of Cochrane, Ontario. Inspiration Mining stated that a number of early 2006 and 2007 drill holes have been expanded, leading way to a greater zone of nickel mineralization. The diamond drilling at the Langmuir No. 1 Mine area has been completed and the diamond drill program…

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