Blog - Page 4334 of 5520

ThursdayAug 28, 2008 5:15 am

Hollywood Media Corp. (HOLL) Divests Hollywood.com

Hollywood Media Corp. (NASDAQ: HOLL) sold off its Hollywood.com and Hollywood.com television properties for a starstruck $10 million. R&S Investments bought both through earn-out payments. The company is owned by Laurie S. Silvers and Mitchell Rubenstein, the Chairman and CEO of Hollywood Media. Hollywood Media provides entertainment and media news, information and ticketing services. Revenue from Hollywood.com businesses represented about 4 percent of Hollywood Media's total revenue over the last 12 months, states a company news release. But it also generated a net loss of approximately $2.5 million. "Hollywood Media plans to focus on its profitable online Broadway Ticketing business…

ThursdayAug 28, 2008 5:14 am

Southern Europe Is New Destination as LogicVision, Inc. (LGVN) Inks Distribution Deal with Amblot

Semiconductor diagnostics manufacturer LogicVision (NASDAQ: LGVN) has now teamed with Amblot SARL to expand its sales and customer service in Europe. Paris-based Amblot will be able to sell the complete line of LogicVision's embedded tests. "We're excited to add LogicVision comprehensive SoC test solution to our products portfolio," said Amblot President Francois Durif. "We believe there is unique opportunity to expand LogicVision adoption in the leading semiconductor companies in Europe to help these companies address the increasing challenges of testing complex semiconductor SoC." LogicVision provides complete semiconductor built-in-self-test technology for logic, memory and high-speed I/O (input / output). The company's…

ThursdayAug 28, 2008 5:13 am

Mixed Bag Apparent in 2Q Results from China Growth Development, Inc (CGDI.OB)

Net revenues for China Growth Development, Inc. (OTCBB: CGDI) were up about 8 percent over the same quarter last year to $3.73 million, but operating expenses increased 49 percent for the commercial real estate company in the same period to $2.55 million. About $880,000 of that was incurred in the closing of a reverse acquisition transaction, though the same financial report also stated that net income decreased about 64 percent to $1.15 million from the same quarter in 2007. The company's reverse merger was with China mall owner and operator, Taiyuwan Rongan Business Trading Company, Limited. TRBT shareholders became the…

ThursdayAug 28, 2008 4:02 am

WSI Industries, Inc. (WSCI): Old Industry for New Profits?

WSI Industries (WSCI) is a maker of precision components and primarily serves the metal machining contract business. The company biggest customers are the aerospace, avionics, defense industries, recreational vehicles markets, and computer components and bioscience industries. The 50-year old company competes with companies such as Hayes Lemmerz International Inc., Delphi Inc. and privately held Newcor Inc. Minnesota-based WSI Industries actually reported positive net income for the most recent fiscal year while competitors Delphia and Hayes Lemerz both reported sizable losses. In June, the company reported a 56% increase in net income for the third quarter compared to the year-ago period.…

ThursdayAug 28, 2008 3:58 am

Atwood Oceanics, Inc. (ATW) Announces Contracts for ATWOOD AURORA and ATWOOD SOUTHERN CROSS

Atwood Oceanics, Inc. (ATW) and its international operating subsidiary, Atwood Oceanics Pacific Limited (and related subsidiaries), engage in offshore drilling of exploratory and developmental oil and gas wells, and related support services. The company, based in Houston, Texas, has conducted drilling operations in most of the major offshore exploration areas of the world, including the Mediterranean, Middle East, Asia, Pacific Islands, Africa, the Americas and Australia. Atwood’s fleet consists of eight active, wholly-owned drilling units, which include four semi-submersibles, two cantilever jack-ups, one semi-submersible self-erecting tender-assist rig, and one submersible. The company announced last week that the ATWOOD AURORA, a…

WednesdayAug 27, 2008 5:11 pm

Superlattice Power Inc. (SLAT.OB) is Investigating Battery Solutions to Meet Harsh Specifications Necessary in Space Flight

Superlattice Power Incorporated, a groundbreaking company in the field of lithium-powered batteries, is investigating plans to develop batteries for space flight applications. The experimental investigation into space flight applications involves a unique process for large scale production of two cathode materials for their ion-lithium batteries. The company has expanded both their production capabilities and their anode research capabilities in order to accommodate the necessary quantities. The current cathode materials being used by Superlattice are very durable, and have a gravimetric capacity of 240 mAh/g, but in order for successful use in space flight applications, that will need to be increased…

WednesdayAug 27, 2008 4:48 pm

Bright Strike Tactical Illumination Products Inc. (BSTI.PK) Featured on FoxNews.com Self-defense Segment

President and founder of Brite Stike, Glenn Bushee, recorded an informational video for FoxNews.com on self-defense techniques. The video is an excellent medium for Bushee to showcase the personal protection line, the latest product from Bright Strike Tactical Illumination Products Incorporated that will be sold nationwide. This personal protection line is marketed as a key component that accompanies the company’s self-protection classes. Brite Strike’s personal protection line offers an incredibly bright beam of white light in a small and convenient size with the goal of keeping women safe. The product also comes with a tactical carrying case that can attach…

WednesdayAug 27, 2008 4:45 pm

Simtrol, Inc. (SMRL.OB) Actively Seeks Partnerships Improving Technology and Services

Simtrol, Inc. (OTCBB: SMRL) aggressively pursues partnerships with other technology companies that sell or manufacture devices or provide services within the company's various target audiences. By working closely with their partners, Simtrol can create value for integrators and customers by designing and implementing device-control and management solutions that dramatically improve efficiencies and reduce costs. With these strategic partnerships in place, the company can initiate world-class business solutions through highly personalized services. One of Simtrol's partnerships is with Promethean, Inc., a global leader in interactive classroom solutions. Promethean integrates Simtrol's device-management software into their Activeclassroom™ technology, which provides educators the ability…

WednesdayAug 27, 2008 4:42 pm

Origin Agritech Limited (SEED) Reports 75% Increase in Q3 EPS

Origin Agritech Limited (SEED), a supplier of natural and genetically-modified crop seeds in China, reported fiscal third quarter 2008 financial results this afternoon during extended trading. Revenues increased 7.7% to RMB 490.7 (US $71.5 million), compared to RMB 455.5 (US $59.8 million) for the same period in 2007. Net income increased 63% to RMB 60.1 million (US $8.8 million) year-over-year from RMB 36.9 million (US $4.9 million). Earnings per share were US $0.38 vs. US $0.20 in Q3 2007. Gross margins for the quarter improved to 29.4% from 23.9%. Average sales prices across corn seed types increased 10.3%, while operating…

WednesdayAug 27, 2008 4:36 pm

Cimatron Limited (CIMT) Doubles Up on Q2 Revenues, Earnings

Cimatron Limited (CIMT), an Israeli provider of computer-aided design and manufacturing (CAD/CAM) solutions for the toolmaking and manufacturing industries, reported second quarter 2008 financial results this afternoon after the close. Revenues rose to $10.7 million, an increase of 94% year-over-year from $5.5 million. Non-GAAP net income rose to $0.74 million, or 8 cents per diluted share, an increase of 146% from $0.30 million, or 4 cents per diluted share, for the same period a year ago. Excluding adjustments, net income on a GAAP basis fell to $0.20 million, or 2 cents per share, from $0.29 million, or 4 cents per…

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