Blog - Page 4231 of 5592

ThursdayNov 13, 2008 7:06 am

Stratos Renewables Corp. (SRNW.OB) Announces Participation at Rohstoffmesse Equity Capital Conference

Today shortly after the opening bell, Stratos Renewables announced that Sanjay Pai, its Chief Strategy Officer, presented the company’s strategic business plan at the Rohstoffmesse Equity Capital Conference in Frankfurt, Germany. Mr. Pai is a recognized sugarcane ethanol expert and understands Peru’s potential for becoming a formidable supplier of ethanol. Mr. Pai stated, “Stratos is emerging as one of Latin America's most promising renewable fuel companies, and the reception from yesterday's audience reinforced our contention that there continues to be strong interest in renewable fuels from Latin America and other emerging markets.” He continued to say, "Based on the demonstrated…

ThursdayNov 13, 2008 7:03 am

Budget Waste Inc. Announces Record Date for Distribution of Gray Creek Stock

Budget Waste Inc. ("BWI") announces that the record date for the distribution of the 5,496,054 shares of Gray Creek Mining Inc. (OTC BB:GYCK.OB - News) that BWI received from the sale of Budget Waste Inc., Alberta to Gray Creek, as announced recently, will be November 14, 2008. Shareholders of record as of the close of the market on the record date will receive one (1) Gray Creek share for each twenty (20) BWI shares. BWI anticipates the distribution to be completed in 7-10 business days.

ThursdayNov 13, 2008 6:49 am

Crown Crafts, Inc. (CRWS) Announces 2nd Quarter Fiscal Year 2009 Net Income and Confirms Final Estimated Results for Fiscal Year 2009

Crown Crafts, Inc., a consumer apparel and products manufacturer, announced its results for the 2nd quarter of fiscal year 2009. Crown Crafts' fiscal year ends March 29 of each calendar year. For the 2nd quarter of FY 09, net income came in at $1,035,000 on net sales of $23.8 million. By comparison, for the 2nd quarter of FY '08, net income and net sales were $541,000 and $17.1 million respectively. Asked to comment on the results, E. Randall Chestnut, Chairman, President and Chief Executive Officer said "We are very pleased that we have nearly doubled our bottom line," Chestnut also…

ThursdayNov 13, 2008 5:06 am

Sunrise Solar Corp. (SSLR.OB) Welcomes Jim Kesaris To Management Team

Sunrise Solar Corp. (SSRL) announces a new management appointment, adding Jim T. Kesaris who will immediately help with internal auditing and financial control procedures. For 15 years Kesaris has held senior management positions in a variety of companies from start-up to multi-billion. Most recently he was senior vice president and chief financial officer at USE Credit Union in San Diego, with $850 million in assets. At Sunrise Solar he will join the company's board of directors and establish new Audit and Compensation committees. "Financial and operational excellence is a large part of the critical foundation for building a scalable, profitable…

WednesdayNov 12, 2008 6:41 pm

Carbon Sciences Inc. (CABN.OB) to Benefit from Obama Administration – Expected Legislation to Speed Transition to an Economy Fueled by Renewable Energy Sources

Carbon Sciences Inc. (CABN.OB), the developer of a breakthrough technology to transform carbon dioxide (CO2) emissions into gasoline and other fuels, recently announced the potential benefits of the Obama administration on the company’s future growth. The President-elect is expected to support legislation for the development of renewable energy sources. In fact, industry insiders forecast that legislation may come early next year to speed a transition to an economy fueled by renewable energy sources. Obama’s administration is not only looking to overhaul the current U.S. energy policies but plans to strategically invest $150 billion over 10 years in a clean energy…

WednesdayNov 12, 2008 6:38 pm

China Organic Agriculture Inc. (CNOA.OB) Posts Impressive Q3 Results, Fueled by Distribution Expansion and Strategic Acquisition

China Organic Agriculture Inc. (OTCBB: CNOA) is an aggressive agricultural products trader in China – the company has designed its business plan to allow it to capitalize on China’s growing economy and consumer sector. The company today announced its operating results for the third quarter and nine months ended September 30, 2008, posting triple-digit growth in net sales and net income. China Organic attributes the increases to expansion of distribution operations and its decision to purchase rice from other rice producers and then selling it to retailers and wholesalers. Net sales for the third-quarter of 2008 were $47.2 million, up…

WednesdayNov 12, 2008 12:44 pm

Dow Plummets for Third-Straight Day

By 2:15 pm ET on Wednesday, it was clear that Treasury Secretary Henry Paulson's comments on the economy were ill-received by investors. In what was quite a reversal of pre-bailout strategy, Secretary Paulson said that the federal government would not be using the taxpayers' $700 billion to purchase banks' toxic assets after all. News of this latest development in conjunction with unfavorable quarterly reports, and a grim outlook for the auto industry's big three, led to battered stocks across the board, as the Dow slid more than three hundred points in early afternoon trading. Let us hear your thoughts below:

WednesdayNov 12, 2008 12:43 pm

Anheuser-Busch Shareholders Approve Acquisition by InBev

In a move that effectively creates the largest brewing company the world has ever known, shareholders of Anheuser-Busch approved a $52 billion sale to Belgium-based InBev SA. President and CEO of what is now formerly America's biggest brewer, August A. Busch IV said that it was a difficult, yet ultimately necessary decision to make: "Every alternative was considered...In the end, we all agreed the InBev proposal was in the best interest of you, the shareholders." The deal is expected to close by year's-end. Let us hear your thoughts below:

WednesdayNov 12, 2008 12:43 pm

Lowest Oil in Twenty Months

Crude oil dipped below $57 a barrel on Wednesday, trading at its lowest level since March 20th, 2007. As a result of the four percent decrease, the government begrudgingly reduced its forecast for demand yet again. OPEC officials also alluded to the possible necessity of further production-rate cuts if prices continue to fall. Another OPEC cut could lead to a boost in the price of oil and gasoline, but for the moment, Americans are enjoying relaxed pricing at the pumps. Let us hear your thoughts below:

WednesdayNov 12, 2008 12:40 pm

Reed’s, Inc. (REED) Releases 3rd Quarter 2008 Financials

Tuesday (November 11th) brought the announcement of pleasing financial results for the quarter ended September 30th, 2008 from beverage maker, Reed's., Inc. Compared to the same period in 2007, the company enjoyed increased gross profits of $1.3 million; up over sixty percent. Additionally, Reed's observed a net sales increase of nine percent, while a positive Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of $131,983 was achieved. Net loss attributable to common stockholders was dramatically reduced to $174,000 from $1,526,000 the year prior. Also falling substantially were the company's operating expenses, which decreased to 32.5 percent of net sales,…

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