Blog - Page 4267 of 5707

FridayMar 06, 2009 6:50 am

Solutia Inc. (SOA) Re-affirms Guidance, Updates Investor Community

Solutia Inc. announced this morning that it is re-affirming its full-year 2009 adjusted EBITDA guidance from continuing operations of $325 million to $350 million and its full-year 2009 total cash from operations less capital expenditures guidance of $25 million to $75 million. The company based its decision to re-affirm the guidance on its performance through February. Jeffry N. Quinn, chairman, president and CEO of Solutia Inc., stated, "Overall, we are encouraged by the performance of our businesses so far in 2009. Revenue and adjusted EBITDA for the first two months met the company's expectations, with February results showing sequential improvement…

FridayMar 06, 2009 6:40 am

Gulf Resources, Inc. (GFRE.OB) Receives $7.5 Million in Follow-up Orders for Environmentally Friendly Chemicals

Gulf Resources, Inc., a leading manufacturer of bromine, crude salt and specialty chemical products in China, announced that the company’s wholly-owned subsidiary, Shouguang Yuxin Chemical Industry Co., Limited (“SYCI”) on March 3, 2009 signed an agreement with Kuerle City Xingdong Trading Co., Ltd. (“Xingdong”), a distributor of additive materials for oilfields in Xinjiang autonomous region, to deliver environmentally friendly chemical products valued at approximately $7.5 million. According to the purchase order, Gulf Resources will deliver 2,500 metric tons of environmentally friendly polyether lubricant, and 1,500 metric tons of environmentally friendly solid lubricant. While this purchase order is a monumental accomplishment…

FridayMar 06, 2009 6:30 am

Sector 10, Inc.’s (SECT.OB) Mobile Response Units Are Designed to Fit a Multitude of Applications

Sector 10, Inc. is most well-known at this time for creating stationary response units (SRUs) that provide every citizen the tools that can increase the probability of survival in an emergency. The Sector 10 teams works in conjunction with a business or facility to strategically place SRUs throughout a large facility, like a sports complex, or on every floor of a high-rise building. Some may not realize that Sector 10 has also developed Mobile Response Units (MRUs) to meet the needs of emergency personnel during a wide-scale incident. The Mobile Response Units (MRU-OH) were initially designed for use in occupational…

FridayMar 06, 2009 6:17 am

Nexia Holdings, Inc. (NXHD.OB) to Acquire Subdivision for $2M in Series C Preferred Stock

Last week, Nexia Holdings announced that it signed a Letter of Intent with Cedar Crest Development, Inc. to acquire 19 residential lots located in Hooper, Utah. The subdivision contains 22 residential lots, three of which have been already sold to third parties. According to the press release, the lots are all suitable for single family residences. In exchange for the residential lots, Nexia Holdings would deliver 400,000 restricted shares of Series C Preferred Stock that would have a stated conversion value of $2,000,000. Richard Surber, CEO of Nexia, commented, "This type of real estate play is the type of transaction…

ThursdayMar 05, 2009 12:58 pm

SkyPostal Networks Inc. (SKPN.OB) Takes a Dip in Caribbean Market through Strategic Partnership with Online Shopping Network Versatile Distribution

International postal company SkyPostal Networks Inc. (OTCBB: SKPN) is the largest private mail distribution company in Latin America. The company today announced its Punto Mio division has inked an agreement with Versatile Distribution Technologies Inc., an online shopping destination, stepping past international lines with cross-border delivery. Per the business development, Versatile will raise awareness for, and promote Punto Mio’s online shopping services (www.PuntoMio.com) throughout the Caribbean. Versatile will establish primary partners in each country for logistical advantages as well as to ensure customer clearance, final delivery and customer service. SkyPoastal will foster exports, which allows Caribbean merchants the ability to…

ThursdayMar 05, 2009 12:26 pm

Seeking A Green Machine

With all the movement toward green technology, and the new administration’s active support of it, what’s going to happen to the automobile? It’s hard to imagine the roads of tomorrow still populated with exhaust spewing internal combustion engines, even if they’re 60 mpg hybrids. Although gas prices are temporarily being held in check by a stagnant economy, it’s apparent that Americans are getting increasingly sick of the gas price roller coaster ride. Add to that the haunting feeling that a percentage of gas money has for years been going to America’s worst enemies, and it’s easy to understand the longing…

ThursdayMar 05, 2009 12:16 pm

Universal Detection Technology (UNDT.OB) is “One to Watch”

Universal Detection Technology is a developer of monitoring technologies, including bioterrorism detection devices. Founded in 1971, they and their development partners work to capitalize on opportunities related to Homeland Security. In cooperation with NASA's Jet Propulsion Laboratory, they have developed a bacterial spore detector that detects certain biohazard substances. Universal Detection Technology is also a reseller of handheld assays used for detection of five bioterrorism agents, radiation detection systems, and antimicrobial products. The company has developed a real-time continuous detection device, BSM-2000, which identifies abnormal levels of bacterial spores in the air. This can give warning of a possible anthrax…

ThursdayMar 05, 2009 11:19 am

Liquor Group Wholesale Products Selling Too Fast!

Liquor Group Wholesale, Inc. (OTCBB:LIQR) CEO C.J. Eiras announced “Again in this recent quarter our products sold faster than their manufactures could replenish. This is due to the success our sales teams had with the 1700+ wine and spirits products represented in varying degrees in 31 states. These backorders span the country; including Alabama, Florida, Idaho, Iowa, Michigan, Montana, North Carolina, Ohio, Oregon, Virginia, Washington, West Virginia and Wyoming." The back-log of nearly $250,000 in wholesale goods during the recent quarter (12/08 – 02/09) should be fulfilled shortly, although earlier deliveries would have added additional profitability towards the recent quarter,…

ThursdayMar 05, 2009 9:54 am

China Automotive Systems, Inc. (CAAS) Bucks the Trend; Anticipates Record Production

Unlike the “Big Three,” China Automotive Systems, Inc. has been doing quite well recently and expects its subsidiary, Jingzhou Henglong Automotive Parts Co., Ltd. ("Henglong"), to have a record monthly production of 85,000 power steering units for passenger vehicles this month. The company also announced that subsidiary Henglong Wan'an (''WanAn'') matched its record daily production rate of 1,600 units following the Chinese New Year as a result of a large number of new orders. Mr. Qizhou Wu, Chief Executive Officer of China Automotive Systems, stated, "We are beginning to see results from the government stimulus packages targeting the general economy…

ThursdayMar 05, 2009 9:50 am

Allegiant Professional Business Services Inc. (APRO.PK) Updates Investors on Efforts to Return to the OTCBB as a Fully Reporting Company

Allegiant Professional Business Services Inc. was pleased to announce earlier this week that it will be filing a Form 10-KSB in the near future for fiscal year ending September 30, 2008 and Form 10-QSB for the first quarter of fiscal year 2009. David Goldberg, CEO, commented, "As previously announced, we have already signed upwards of $20M in new contracts through our New Jersey office. Although I am delighted with this result the subsequent event of the additional revenues has caused a delay of our required filings." He added, "The filing of the aforementioned K and Q, and subsequent filings to…

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