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MondaySep 15, 2008 6:06 pm

China Direct Inc. (CDS): Helping Investors Find Their Place in China’s Boom

China Direct (CDS) is a provider of management advice, investment capital, business development services, strategic planning, macroeconomic industry analysis, and financial management services in China. The company also offers business advisory and consulting services. China Direct is, at its core, a play on basic materials, which plays right into China's massive infrastructure boom. The company's three main businesses involve magnesium, basic materials and green technology. China Direct helps small and medium-sized Chinese companies access capital markets in the United States either through acquiring U.S.-based companies or going public on U.S.-based exchanges. For fiscal 2007, the Florida-based company reported profits of…

MondaySep 15, 2008 3:34 pm

September 15th CEOcast Weekly Newsletter

Companies featured in the current edition of the newsletter: ACCY, ACTC, DRGP, ECOI, GCEH, GNBT, GSPG, HJHO, HYTM, ITUI, PLKH, TAGS, TKO Despite fears that problems at Lehman Brothers and AIG could trigger a meltdown in the financial sector, all of the major indices still managed to end the week higher. The Dow closed up 201 points for the week, paring its annual loss to 13.9%. The Nasdaq gained 5 points for the week, reducing its year-to-date return to 14.7%. The S&P ended the week 9 points higher, cutting its yearly loss to 14.8%, and the Russell 2000 added 1…

MondaySep 15, 2008 2:59 pm

Optical Cable Corp. (OCCF) Reports Slight Third Quarter Earnings Decline on 40% Sales Increase

Optical Cable Corporation (OCCF), a manufacturer of fiber optic cables, reported third quarter 2008 financial results this afternoon after the close. Revenues jumped 40.4% to $16.4 million compared to $11.7 million for the same period in 2007. Excluding the impact of the acquisition of SMP Data Communications on May 30, 2008, revenues would have been $13.1 million, demonstrating an organic growth rate of 11.7%. Gross profit increased 31.8% to $6.2 million, up from $4.7 million in the third quarter of fiscal 2007. Net income fell 10% to $482,000, or 8 cents per share, compared to $538,000, or 9 cents per…

MondaySep 15, 2008 2:58 pm

Hybrid Technologies, Inc. (HYBR.OB) – A Pioneer in Lithium-Electric Transportation

Hybrid Technologies, Inc. (OTCBB: HYBR) has been actively engaged in the application of lithium-electric transportation since their creation in 2000, which has been changing the way people view sustainable automobiles, choppers, and virtually every other form of transportation. Having developed their innovative after-market conversion system, Hybrid Technologies became one of the first companies to provide a fully-electric vehicle that produces zero emissions and is 100% lithium-powered. Every vehicle that Hybrid Technologies develops is equipped with the company's proprietary Battery Management System (BMS). The system constantly monitors the vehicle's battery pack for voltage, temperature, and charge balancing, keeping track of as…

MondaySep 15, 2008 1:27 pm

Quantum Fuel Systems Technologies Worldwide Inc.’s (QTWW) German Partner Saddles up with South Korean High-Volume Manufacturer

Quantum Fuel Systems Technologies Worldwide Inc. (Nasdaq: QTWW), a fully integrated alternative energy company, today released word its German solar photovoltaic partner, Asola, has signed a deal to establish a joint-venture manufacturing plant in South Korea. The partnership will allow the company to produce and distribute its German-designed solar modules in South Korea through Q&Tech/Yongsan Inc., a high-volume manufacturer of automotive components for the global automotive industry. "I look forward to a long and mutually beneficial relationship with our partner in Korea," Reinhard Wecker, the founder and CEO of Asola stated in the press release. "Our strategy is to associate…

MondaySep 15, 2008 1:26 pm

Best Buy Co. Inc. (BBY) and Napster Inc. (NAPS) Coming to One Store Near You in $121M Deal

Maybe you’re thinking Best Buy Co. Inc. (NYSE: BBY) and Napster Inc. (Nasdaq: NAPS) were dominating giants in their respective industries. Now the two companies have announced they will merge into a mega-media company through a definitive agreement worth approximately $121 million. Best Buy will offer all outstanding Napster shares for $2.65 per share in cash. Napster recently launched one of the world’s largest MP3 stores and posted fiscal 2008 revenue of $127.5 million, up 15 percent from the year prior; a loss of $16.5 million, as compared to a loss of $36.8 million the prior fiscal year; and positive…

MondaySep 15, 2008 12:54 pm

WPCS International Inc. (WPCS) Reports 30% Increase in First Quarter Sales

WPCS International Incorporated (WPCS), a communications and wireless infrastructure engineering services company, reported first quarter 2009 financial results this afternoon after the close. Revenues rose to $28.3 million, an increase of 29.6% year-over-year from $21.8 million. One analyst surveyed anticipated quarterly revenues of $28.0 million. Net income fell 35% to $838,000, or 12 cents per share, compared to $1.3 million, or 16 cents per share, for the same period last year. There were no analyst earnings estimates. Backlog of unfilled orders rose 74% to $54 million, compared to $31 million on July 31, 2007. “We are pleased with our results…

MondaySep 15, 2008 12:53 pm

Deep Down Inc. (DPDW.OB) Subsidiary is Moving at the Speed of Light

Flotation Technologies, a Deep Down Inc. company (OTCBB: DPDW.OB), has been named the 27th fastest growing, privately owned manufacturing company in the United States by Inc. Magazine. Flotation, which has its headquarters in Maine, is a worldwide company that is a renowned leader in the engineering, design and manufacture of deepwater buoyancy and polyurethane elastomer products. Overall, Flotation ranked 1,006 on the prestigious Inc. 5000 list. A large reason for the notoriety and success of the company is the fact that Flotation has doubled its revenue from 2006 to 2007. Flotation is led by their President David Capotosto, who brings…

MondaySep 15, 2008 11:13 am

Tri-Star Holdings, Inc. (TSHL.PK) Announces Subsidiary

TRI-STAR HOLDINGS, INC. announced its subsidiary, ERHU, Inc. has begun production of its prototype emergency response hospital unit (ERHU) and is on schedule for its target completion. The company has purchased a Coachman Sport Catalina RV and is being outfitted in the company-owned warehouse in Ft. Lauderdale, FL. Designer Victor Adams has been overseeing the cutting of materials according to the design patterns for the patient wings, with assembly on the inflatable units to commence assembly next week. Company Secretary and Director Donna Yamin said, "The company is in full operations and on target to complete the unit as fast…

MondaySep 15, 2008 10:18 am

Supreme Industries Inc. (STS) Meets Customers Specifications

It all began in 1974 for Supreme Industries Inc. when Omer Kropf and a business partner started the company in Goshen, Indiana. He felt there was an untapped need for higher quality light-and medium-duty truck bodies. His idea was to build the highest-quality truck bodies available and sell directly to dealers to more efficiently serve this market. What began as an operation with 25 employees is now a publicly traded company on the American Stock Exchange (AMEX). Still based in Goshen, Supreme Industries Inc. is a U.S.-wide manufacturer of specialized truck bodies. The company custom-builds these truck bodies to the…

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