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ThursdaySep 18, 2008 3:59 am

Quest Resource Corp. (QRCP) Announces Termination of CFO and Status of Internal Investigation

Quest Resource Corporation (NASDAQ: QRCP), Quest Energy Partners, L.P. (NASDAQ: QELP), and Quest Midstream Partners, L.P., developers of natural gas and oil properties, recently announced the termination of the companies' chief financial officer and the status of their internal investigation into certain questionable transfers of funds to an entity controlled by the former chairman and chief executive officer of the companies. On September 13, 2008, the boards of Quest Resource and the general partners of Quest Energy Partners and Quest Midstream Partners terminated Mr. David Grose as the chief financial officer of the companies, effective immediately. On August 25, 2008,…

ThursdaySep 18, 2008 3:57 am

Optical Cable Corp. (OCCF) Comments on Third Quarter Financial Results

Optical Cable Corporation (NASD: OCCF), a manufacturer and marketer of a broad range of fiber optic cables for high-bandwidth transmission of data, video and audio communications over moderate distances, recently announced its financial results from the third fiscal quarter and the nine months ended July 31, 2008. The company’s shares declined earlier this week after Optical Cable released that third quarter of fiscal year 2008 net income decreased to $482,000, or $0.08 per basic and diluted share, compared to $538,000, or $0.09 per basic and diluted share, for the same period last year. Net sales for the third quarter of…

ThursdaySep 18, 2008 3:56 am

NetSol Technologies Inc. (NTWK) Reports Record Fourth Quarter Results

NetSol Technologies Inc. (NTWK), a global provider of business services and enterprise software solutions, reported fourth quarter and full-year 2008 financial results this morning. Quarterly revenues rose 23% year-over-year and 16% sequentially to a record $10.5 million. Net income increased 58% to $2.1 million, or 8 cents per share, vs. $1.3 million, or 7 cents per share, for the same period a year ago. Outstanding share count increased from 19.8 million to 27.3 million shares during the twelve-month span. Results were exactly in line with analysts’ estimates. For the full year, revenues increased 25% over 2007 to $36.6 million. Net…

WednesdaySep 17, 2008 8:14 pm

Znomics Inc. (ZNOM.OB): Using a Fish to Discover the Next Blockbuster Drug

Znomics is an early stage biotechnology company focused on the discovery of new drugs to treat and cure human diseases and disorders. What makes Znomics unique is the method by which it searches for the next big cure or treatment. The eight-year old company uses zebrafish to identify potential therapeutics for humans. It turns out that the small striped fish shares 80 to 90 percent of the genes found in man. The company's drug discovery platform is based on its catalogued library of mutations in the zebrafish, called the ZeneMark Library. The benefits of using zebrafish for medical research are…

WednesdaySep 17, 2008 8:10 pm

Online Marketing Group, Lyris, Inc. (LYRI.OB) Releases Its 4th Quarter Results

Lyris, Inc. (OTCBB:LYRI), an online marketing company, this week reported steady revenue of $10.8 million for its 4th quarter, ending June 30, 2008. This amount is the exact same as that reported 12 months ago by the company. The revenue breakout includes Web and storage hosting, 73%; licensed software, 11%; maintenance and support, 13%; and professional services, 3%. For the full fiscal 2008 year, the company reported revenues of $43.2 million compared with revenues of $39.0 million in fiscal 2007. However, Lyris' EBITDA for the fourth quarter of fiscal 2008 was a loss of $478,000 versus earnings of $3.0 million…

WednesdaySep 17, 2008 8:08 pm

Millennium Biotechnologies Group (MBTG.OB) Gets ‘All-Star’ Beverage Expert, Ken Sadowsky, on Its Board

Millennium Biotechnologies Group, Inc, (OTCBB: MBTG) announced that renowned non-alcoholic beverage industry veteran Ken Sadowsky has joined its board of directors. Sadowsky was also a principal in Atlas Distributing of Auburn, Mass. for many years, where he made his name in the industry. Sadowsky served on the board of directors of Energy Brands, Inc., makers of Glaceau, VitaminWater, SmartWater and FruitWater, from 2000 to 2006. Glaceau was later was sold to Coca Cola for $4.1 billion. He is currently the executive director of NIDA, an association of independent distributors from Maine to New Jersey. This group is different from the…

WednesdaySep 17, 2008 8:06 pm

Amerityre Corp. (AMTY) CEO Presents at Akron’s International Tire Conference

Amerityre Corp. (NASDAQ: AMTY) is a feature presence at the annual International Tire Exhibition and Conference (ITEC). Amerityre president and CEO Gary N. Benninger made two presentations Wednesday at ITEC, which typically attracts 2,500 people from 20-plus countries. The company has invented new polyurethane foam and elastomer materials it says are superior to rubber for many tire and tire product uses. The three-day conference continues through Wednesday and hosts a World Tire Manufacturer's trade show from companies around the world. Attendees include tire plant managers, manufacturing managers, tire development personnel, tire compounders, chemists, chemical engineers, materials engineers, tire designers, tire…

WednesdaySep 17, 2008 8:04 pm

Metalico, Inc. (MEA) Issues Statement on Stock Activity

Metalico, Inc. (MEA) is a holding company with operations in two principal business segments: ferrous and non-ferrous scrap metal recycling, and fabrication of lead-based products. The company operates twenty recycling facilities in New York, Pennsylvania, Ohio, New Jersey, Texas, Mississippi, and West Virginia. Metalico also owns five lead fabrication plants in Alabama, Illinois, Nevada, and California. Shareholders have questioned the company regarding the rapid decline in the stock price in the past two weeks and whether the company is facing near-term profitability or liquidity problems. Therefore, Metalico issued a statement regarding the recent trading activity of its common stock. Due…

WednesdaySep 17, 2008 4:45 pm

Leveraged ETFs: Make Outsized Gains during Volatile Times

Exchange-traded funds (ETFs) are excellent trading vehicles that allow investors to easily play whole sectors, indexes, or individual commodities. ETFs may be structured like mutual funds, but are bought and sold like stocks. Inverse ETFs enable one to place a bearish bet, effectively going “short” without having to borrow shares, as you would with stocks. Another advantage of inverse ETFs is that the downside risk of going long on the “short” is finite, meaning you can only lose your initial investment. The potential loss from shorting a stock is theoretically unlimited. Leveraged ETFs are designed to replicate twice the expected…

WednesdaySep 17, 2008 1:04 pm

eDOORWAYS Corp. (EDWY.PK) Approaches Launch Date; Anticipates Providing Previews of the Platform

Today after the closing bell, eDOORWAYS Corp. announced that it has finished its first group of “Use Cases” which will lead to many other such “cases” that users will employ to navigate the eDOORWAYS website. In a recent analyst interview, CEO Gary Kimmons said, “The development of this web site just isn't like anything else. The beauty of eDOORWAYS is how this platform combines the best of Google(R), MySpace(R) and eBay(R) into a single entirely new experience. And it happens to have a bona fide revenue model to boot. “Developing the brand required the touch of one of the best…

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