Blog - Page 4256 of 5669

FridayJan 30, 2009 9:21 am

China Voice Holding Corp. (CHVC.PK) Strengthens Cash Position through Divestment of U.S. Operating Subsidiaries

China Voice Holding Corp. announced that it will receive $10 million in cash over the next two years as well as receive up to 21 million shares of FLTT valued at approximately $8 million in exchange for its U.S. operating subsidiaries and 15,000,000 shares of CHVC common stock. The transaction provides China Voice with additional capital to take advantage of synergistic opportunities in China. The company intends to continue to maintain offices in the United States and will retain most of their key Executives and Board of Directors. China Voice President and CEO, Bill Burbank said, "This cash and stock transaction…

FridayJan 30, 2009 9:09 am

Vital Products, Inc. (VTLP.OB) Announces Potential Multimillion Order of Bio-Based Packaging

Earlier this week, Vital Products, Inc. (OTCBB: VTLP) announced that it has received its first order for its Bio-Based foam in place packaging product. Today, the company announced it has received a second purchase order for the innovative foam packaging product from a $140 million North American manufacturer and distributor. Vital Products CEO Michael Levine commented, "This is the culmination of two years of research and now the market is responding with purchase orders. The current purchase order comes from a major North American manufacturer and distributor of industrial packaging material with annual sales of more than $140 million. This…

FridayJan 30, 2009 8:58 am

CE Franklin Ltd. (AMEX: CFK) Q4 Earnings Increase Over 250%

Yesterday, CE FRANKLIN LTD. reported record net income of $8.8 million, $0.48 per share (basic), for the quarter ended December 31, 2008. During the fourth quarter of 2007, the company reported net income of $2.4 million, or $0.13 per share. For the full year of 2008, net income was $21.7 million, $1.19 per share (basic), an increase of 60% vs. the $13.6 million, $0.74 per share, of net income earned in 2007. Michael West, President and CEO, commented, “2008 was the second most profitable year in the Company's history. CE Franklin is entering a challenging business environment in 2009 with…

FridayJan 30, 2009 8:32 am

National CineMedia, Inc. (NCMI) Reiterates 2008 Guidance, Provides 2009 Outlook and Announces Dividend

Yesterday after the closing bell, National CineMedia, Inc. announced that it has updated its full year 2008 guidance and provided its outlook for the current year. The company anticipates its full year 2008 results to be at the high end or slightly surpass its previous full year 2008 guidance for total revenue of $364 - $368 million and Adjusted OIBDA of $184 - $187 million. For the current year, the company predicts total revenue will be a little higher than its 2008 guidance range, but Adjusted OIBDA to be about level with its 2008 guidance range, as margins are anticipated…

FridayJan 30, 2009 8:20 am

Investors Cheer Ariba, Inc. (ARBA) FY Q1 2009 Financial Results

Ariba, Inc.’s shares are currently trading at $7.80, up nearly 14% from yesterday’s close, after the company announced its results for the first quarter of fiscal year 2009 ended December 31, 2008. Bob Calderoni, Chairman and CEO, Ariba, stated, “I am pleased with our performance this quarter. We increased our subscription software revenues over 70% and significantly increased our non-GAAP net income year-over-year in the face of a very challenging macro-economic environment. This reflects how customers are increasingly using Ariba’s spend management solutions to reduce their operating costs and better manage their working capital.” Total GAAP revenues for the quarter…

FridayJan 30, 2009 6:09 am

Hunt Gold Corp. (HGLC.PK) to Commence a Nonstop Drilling Campaign; Updates Investors on Exploration Progress

Today before the opening bell, Hunt Gold provided investors with a comprehensive update on its 2009 exploration program. The company plans to continue drilling operations throughout the year to expand its gold resource and advance its gold properties towards production. According the press release, announcement of assay results will be regular and periodic as an ongoing part of business. The company emphasized that it is extremely well funded and has the capability to do whatever is necessary to move its projects ahead. This is in sharp contrast to other mining companies that often encounter funding difficulties. Hunt Gold intends to…

FridayJan 30, 2009 5:37 am

Seeing the Bigger Picture – Putting the Potential Value of “Spider Silk” Technology into Perspective

While naturally produced spider silk has long been understood to have a superior level of tensile strength, research institutions and companies alike are seemingly on the verge of attaining the ability to harness this technology and apply it to various fields of endeavor. Sure, the idea of using such spider silk to swing from one building to another might be attractive to a certain comic book superhero fan club. In reality, however, the utility of this “packaged spider silk” could virtually spread across multiple, disparate applications in both governmental and commercial sectors. This concept of application versatility truly showcases this…

ThursdayJan 29, 2009 12:42 pm

Visualant Inc. (VSUL.OB) Backed by a Solid Team of Seasoned Professionals

Chairman of the Board Ronald Erickson has over 25 years of experience in the high technology, telecommunications and micro-computer industries. In addition to his service to Visualant, he is the current Chair, and former CEO of eCharge, an electronic payment systems developer, where he played a key role in raising approximately US$100 million in equity capital from major international investors. Mr. Erickson was also co-founder, Chairman, President and CEO of GlobalTel Resources, Inc., a provider of telecommunications services, messaging and intranet solutions, and has held executive positions at Egghead Software Inc, NBI Inc, and MicroRim, Inc. President and CEO Bradley…

ThursdayJan 29, 2009 8:11 am

Murphy Analytics Initiates Coverage on Document Capture Technologies, Inc. (DCMT.OB)

Document Capture Technologies, Inc. (DCMT) is focused on the design, development, manufacturing, and sale of USB powered mobile page-fed document capture solutions. The company’s vertical integration and innovative proprietary software development kits (SDK’s) allow for a broad range of applications, faster time-to-market and ease of integration. DCMT sells its products through a network of over 45 independent distributors and channel partners located primarily in North America but also in Europe and Asia. These distribution partners not only serve as a sales force for the company, but also provide marketing communications and technical support. To date, the company and its licensees…

ThursdayJan 29, 2009 7:23 am

New Mexico Software, Inc. (NMXC.OB) Reports Tremendous Sales Growth for 2008, Predicts Stronger 2009

New Mexico Software today announced its preliminary financial results that indicate annual revenue in 2008 increased 62% to $1.6 million. Revenue for the fourth quarter totaled $679,000, up 174% from the same period in 2007. The company anticipates that its 2008 operating loss will decline by approximately 32-35% compared to 2007. New Mexico Software CEO Dick Govatski stated, “Preliminary unaudited numbers show that 2008 was our strongest ever growth year. It appears we are on track to continue this trend into the first quarter of 2009 with revenue forecasted at or above $1,000,000. We anticipate overall revenue growth to continue…

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