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MondayOct 27, 2008 3:47 pm

October 27th CEOcast Weekly Newsletter

Companies featured in the current edition of the newsletter: ECOI, FMTI, GNBT, HJHO, ICLK, ITUI, LPHC, PCFG, PLKH, TAGS, TKO Wall Street joined stock markets around the world in a huge sell-off last week, sending major market indexes to their lowest levels in more than five years on the belief that a punishing economic recession is at hand. A factor that may have contributed to the downturn was forced selling by hedge funds needing to meet margin calls and redemption requests. The Dow Jones industrial average ended the week down 473 points, or 5.4%, bringing its year to date loss…

MondayOct 27, 2008 11:47 am

Omnicell, Inc. (OMCL) Announces Solid Revenue Gains for the Third Quarter

Omnicell, Inc. (NASD: OMCL), a leading provider of systems and software solutions targeting patient safety and operational efficiency in healthcare facilities, recently announced its financial results for the third quarter ended September 30, 2008. Omnicell’s shares posted healthy gains late last week after the company reported a 16.7 percent year-over-year increase in quarterly revenue totaling $64.3 million. Non-GAAP net income for the third quarter of 2008 was $5.7 million, or $0.18 per fully diluted share. The chief financial officer of Omnicell stated during a recent conference call, “We experienced record bookings, posted record revenues and profits exceeded expectations in third…

MondayOct 27, 2008 11:35 am

New Member to Board of Directors Expected to Boost EcoloCap Solutions Inc.’s (ECOS.OB) Project Relationships

EcoloCap Solutions Inc. (OTCBB: ECOS) addresses climate change concerns by offering solutions for green energy projects in emerging economies. The company focuses its operations on projects that qualify for Carbon Emission Reduction credits as part of the United Nations’ Kyoto Protocol. EcoloCap works with governments and enterprises to reduce greenhouse gas, and relies on a qualified management team and board of directors to execute its business plan. The company today announced the addition of Michael J. Oliver to its board of directors. Oliver’s extensive background as a senior banking and finance professional in the United States, Australia and Europe is…

MondayOct 27, 2008 11:31 am

Liquor Group Supports Hospitalized Veterans and Their Families

Liquor Group Wholesale, Inc, (LIQR) the publicly traded innovative wine and spirits distribution company; in conjunction with Drinks Americas and Trump Super Premium Vodka is pleased to extend a charitable hand to the Walter Reed Society. As of November 2008 through July 4, 2009 a portion of the proceeds from Trump Super Premium Vodka and Trump Premium Flavored Vodkas sales made by Liquor Group in any of the 17 states where it represents Trump Vodka will be donated to help provide housing and resources to returning hospitalize veterans and their families while the veteran are recovering. The Walter Reed Society…

MondayOct 27, 2008 10:56 am

JMAR Technologies Inc. (JMAR.OB) to Roll-Out BioAlert™ Service at the Upcoming World WaterPark Association Trade Show

JMAR Technologies, Inc. (OTCBB: JMAR) is seeking another entry point into the strong market for water quality monitoring services. The company stated today that it will showcase its new BioAlert™ service at the World WaterPark Association Trade Show in Las Vegas, Nevada on October 28-29. The show is the largest of its kind in the world and provides a forum for the demonstration of new products and services for the industry. Upwards of 360 million Americans enjoy water parks each year. With that kind of demand for water recreation, the risk of disease is significant, making recreational water quality a…

MondayOct 27, 2008 10:54 am

NexMed, Inc. (NEXM) Gets $3.5 Million from Novartis

NexMed, Inc., a New Jersey based pharmaceutical and medical technology company, will receive $3.5 million from Swiss pharmaceutical giant Novaris, for fulfilling patent and enrollment milestones as part of a product agreement originally signed in 2005. NexMed announced today that they have received a Notice of Allowance from the patent office for its patent application entitled “Antifungal Nail Coat and Method of Use”. A Notice of Allowance indicates that all the basic steps of a patent application process are completed. The patent is for a topical application of terbinafine formulated with NexACT® for the treatment of onychomycosis, a fungal infection…

MondayOct 27, 2008 10:51 am

Sharps Compliance Corp. (SCOM.OB) Announces Record Revenues

Sharps Compliance Corp. announced record revenues for the first quarter of fiscal 2009. Revenues jumped 26%, to $4.3 million, from the same quarter last year. Sharps also reported record customer billings of $4.7 million for the quarter, a 30% increase over the same period the year before. The increase in billings came partly from contracts and patent renewals with pharmaceutical manufacturers, which are expected to continue contributing to billings and revenue growth in fiscal 2009. In addition, customer billings to retail markets increased 23% as a result of strong flu-season demand for the Sharps Disposal By Mail Systems®. There were…

MondayOct 27, 2008 10:49 am

Treasury to Begin Dispersal of Rescue Funds

In an effort to increase America's credit-flow, the Treasury Department will begin to distribute $125 billion to nine of the country's largest banks this week. This marks the first wave of spending for the $700 billion economic stabilization package, and is designed to aid in shoring-up battered balance sheets in the hopes that normal lending will resume. Monday's session was a volatile one, though major indices were mostly up after 12pm edt. With so much happening all at once, it promises to be an action-packed week in finance to say the least. Let us hear your thoughts below:

MondayOct 27, 2008 10:48 am

Federal Reserve Entertaining Additional Rate Cuts

With the hardship being felt by the American people becoming ever more apparent, the Fed is now considering a cut in interest rates that would bring them to their lowest point in over four years. The move is being considered as a way to relieve some of the pressure caused by the nation's ongoing credit problem, and give consumers the confidence to resume spending. Many skeptics remain, however, noting that the measure may only have a minute effect, if any. A decision is likely to be made this week, with government release of a GDP report slated for Thursday. Let…

MondayOct 27, 2008 10:46 am

Oil Prices Down Despite OPEC Cuts

It seems investors have ignored Friday's oil production cuts as the price of light, sweet crude for December delivery slid roughly a dollar to $63.24 a barrel on the NYME on Monday. Commenting on the anomaly, was Darren Horowitz, analyst for Raymond James & Associates. When asked why OPEC's production cuts had seemingly little effect, he stated: "There are larger, long-term problems plaguing the market that a short-term production cut cannot overshadow, including softening demand, institutional unwinding and the credit crunch." It becomes increasingly feasible to imagine that the $50 oil predicted by some experts is not far-off on the…

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