Blog - Page 4197 of 5482

TuesdayOct 21, 2008 5:34 pm

TGC Industries, Inc. (TGE) Announces Third Quarter Financial Results – CEO Comments on Economic Outlook

TGC Industries, Inc. (NASD: TGE), a leading provider of seismic data acquisition services throughout the continental United States, recently announced its financial results from the third quarter of 2008. Net income for the quarter totaled $0.11 per share compared with net income of $0.10 per share recording during the third quarter of 2007, beating analysts’ estimates of $0.09 per share. Although revenues for the third quarter decreased 11 percent from the third quarter one year ago to $21.6 million, gross profit margin in the third quarter of 2008 improved to 38 percent from 29.9 percent in the third quarter of…

TuesdayOct 21, 2008 5:33 pm

Hybrid Technologies, Inc. (HYBR.OB) Having Lasting Effect on Hollywood Stars

Hybrid Technologies, Inc. (OTCBB: HYBR), an emerging leader in the development and marketing of lithium-powered products worldwide, has been receiving star attention at numerous events across the United States. During the pre-EMMY Gifting Suite in Hollywood, CA, which was hosted by GBK Productions, Hybrid Technologies was proud to introduce their LiV™ FLASH, an electric version of the BMW Mini Cooper. The LiV™ FLASH was the first electric vehicle to be held at the prestigious event produced by GBK Productions. Impressed celebrities included Isaiah Washington who was shocked that the car was all electric, and Nancy Cartwright, voice of Bart Simpson,…

TuesdayOct 21, 2008 1:49 pm

Economic Woes Fail to Put a Dent in China Precision Steel, Inc. (CPSL) Purchase Orders

China Precision Steel manufactures and markets high precision cold-rolled steel products in China for a wide variety of applications, including automobile parts, steel roofing, plane friction discs, appliances, food packaging, saw blades, containers and more. The company today announced it has strengthened its presence in China and Africa, reflected by an increase in order from the regions. Even in a tough market, China Precision Steel said demand for its products remains high and the company is running its facilities at full capacity. "We are experiencing strong demand for our high precision, cold-rolled steel products despite the current global slowdown. Our…

TuesdayOct 21, 2008 9:56 am

Bank of Canada Cuts Rates Again

Canada's central bank reduced its key interest rate by a quarter of a point on Tuesday, citing the nation's need to stimulate its economy to lessen the effects of an American recession. On October 8th the Bank of Canada, joined by other world banks, slashed rates in a unified effort to calm the global economy; Canada's is the first central bank to make additional cuts following that action. The rate now stands at 2.25 percent. Let us hear your thoughts below:

TuesdayOct 21, 2008 9:55 am

Dollar Gains Against Euro – Oil Down Again

Again on Tuesday, oil prices dropped sharply to below $72 a barrel as the U.S. dollar gained ground on the euro. Commodity trends often oppose those of currency; as the dollar falls, investors are likely to lean into commodities, selling off when the currency strengthens. Crude oil prices are now half of what they were in July, when an all-time high of $147.27 was reached. Friday's OPEC meeting should shed more light on the future of crude prices; a hefty production decrease could stave off a sharp drop, although severely decreasing global demand has some experts expecting prices as low…

TuesdayOct 21, 2008 9:54 am

Stocks Decline Due to Earnings Reports, Jumpy Investors

Stocks were mostly down on Tuesday, as a wave of disappointing quarterly results hit several of America's largest companies. In addition, losses were attributable to investors looking for a quick return on Monday's significant gains. Due to the current state of the markets, these fluctuations are to be expected. Harry Clark, CEO of Philadelphia's Clark Capital Management, commented on present conditions: "It's just this back-and-filling stuff. It's driven by earnings, yes, but also emotion. It's going to be this tug-of-war for a couple weeks at least." Let us hear your thoughts below:

TuesdayOct 21, 2008 9:49 am

Stratos Renewables Corp. (SRNW.OB) is Producing Ethanol Responsibly – Without Corn

For quite some time, in the not-too-distant past, it was widely believed that ethanol derived from corn was going to be the new wave in renewable energy. What would be better than turning crops that could be provided by the American farmer into decreased dependency on foreign oil? The problem with corn, when all is said and done, is that it happens to be a terrible candidate for producing ethanol. Studies have shown that it takes more energy to produce the corn required to make a gallon of ethanol, than that same gallon provides. Dave Pimentel, a professor at Cornell…

TuesdayOct 21, 2008 9:44 am

Stem Cell Therapy International Corp. (SCII.OB) is Focused on Becoming a World Leader in Stem Cell Technology

Stem Cell Therapy International Corp. (SCII.OB), which is in the process of formally changing its name to AmStem International, is on track to become one of the largest providers of cord blood stem cells in the world. AmStem, already successfully pursuing U.S. and European stem cell markets, is now positioning itself as a major player in Asia through its acquisition of Korean stem cell company HistoStem, the largest cord blood bank facility in the world (the nearest competitor is less than half as big). HistoStem is the only company in Korea approved by the Korean FDA to provide stem cells…

TuesdayOct 21, 2008 9:41 am

NetSol Technologies, Inc. (NTWK) Achieves Fifth Successful Software Launch In Australia

NetSol Technologies, Inc., a global provider of enterprise financial software solutions, announced today the successful launch by Nissan Financial Services Australia (NFSA) of its business operations using NetSol’s package of leasing and finance applications. The implemented product package included NetSol Financial Suite, Credit Application Processing System, Contract Management System, and Wholesale Finance System. NFSA’s Executive Director, George Leondis, stated “We are very pleased with the sustained commitment of the NetSol team, the dedicated on-site resources, and how they understood the importance of streamlining the business process to suit the fast paced Australian auto finance market. Nissan Australia sees NetSol as…

TuesdayOct 21, 2008 9:28 am

Performance Health Technologies, Inc. (PFMH.OB) Keeps Patients’ Interest by Adding in Some Fun to Exercise

Performance Health Technologies, Inc. (PFMH.OB) has put the element of fun into rehabilitation protocols. Rather than using traditional apparatus like weights and elastic bands to perform rehabilitation movements, Performance has developed a proprietary system that turns the rehabilitation into a wireless, game-like challenge. The Core:Tx® for Professionals has been designed to add an entertainment challenge to the repetitive movements required during rehabilitation. The Core:TX® is built on Performance’s unique MotionTrack™ platform and is available to therapists and healthcare professionals working with patients recovering from neuromuscular conditions such as joint injuries. The system is compatible with any personal computer with the…

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