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ThursdayMay 01, 2008 6:43 pm

Hologic, Inc. (HOLX.OB) Reports Second Quarter Revenue of $431 Million – Yet Stock Plunge

Hologic, Inc. (HOLX.OB), a diversified medical technologies company specializing in diagnostics, imaging systems and interventional devices dedicated to serving the healthcare needs of women, recently reported the company’s second quarter earnings. The company reported second quarter revenue of $431 million, a 138% year-over-year increase when compared to revenues of $181.1 million in the second quarter of 2007. The dramatic increase, however, is mostly due to the inclusion of approximately $189.2 million of revenues from the merger with Cytyc Corporation on October 22, 2007. For the second quarter of 2008, Hologic reported net income of $56 million, or $0.22 per diluted…

ThursdayMay 01, 2008 2:06 pm

Rainmaker Systems, Inc. (RMKR) Reports Better Than Expected First Quarter Results

Rainmaker Systems, Inc. (RMKR), a provider of sales and marketing solutions with proprietary software, announced better than expected non-GAAP earnings of $1 million, or 5 cents per share versus consensus of a 6-cent loss. GAAP net loss, including stock compensation expense and amortization of intangible assets, was $277,000, or a loss of 1 cent per share. The company achieved record first quarter revenue of $20.6 million, an increase of 27% year over year. Analysts surveyed expected $17.2 million in revenues. Rainmaker CEO Michael Silton said, "We are pleased with the response from our teams and our clients after the client…

ThursdayMay 01, 2008 2:02 pm

Nascent Food Service, Inc. (NCTW.OB) – Importing Foods and Beverages South of the Border

In Mexico there is only one nationwide distributor of imported products, and that company is Nascent Food Services. Nascent searches and imports products from all over the world including Italy, France, Spain, China, Japan, Taiwan, Holland, USA, Scandinavia and others, then distributes them to different channels throughout Mexico. The company takes an old fashioned approach to customer service, and goes out of the way to personally visit every client on a weekly basis. The personal and professional service is made possible through Nascent’s 16 distribution centers spread throughout Mexico. This allows the company to keep all deliveries in house, so…

ThursdayMay 01, 2008 12:19 pm

Hybrid Technologies, Inc. (HYBR.OB) Designs Full Line of Electric Vehicles – Backed by Popular Lithium Batteries

Meeting the call for green alternatives and an increasingly protective demand of the world’s air supply, Hybrid Technologies (OTCBB: HYBR) has developed a line of off road vehicles powered by the company’s lithium-battery technology. The company has created a line of electric vehicles including cars, motorcycles, mopeds and scooters. The company’s futuristic LiV RUSH hits 0-60 in 5.9 seconds, has speeds up to 80 mph, and travels 120 miles in one charge. The RUSH takes between 8 and 10 hours to charge, and features an LCD Touch Screen that displays the cars operating stats, such as miles remaining, power consumption,…

ThursdayMay 01, 2008 12:10 pm

Copper Mountain Mining Corp. (CUM.V) Expands Drilling Program

Copper Mountain Mining Corp. (CUM.V) announced Thursday that its initial 30,000 meter drill program currently underway at the 100% owned Copper Mountain project has been expanded to a 50,000 meter program based on success to date. Shares of the Vancouver, British Columbia, Canada-based company jumped 1% to $2.20 after it announced the expansion. The company added that its program is focused on continued expansion of the resource base through both incremental additions to known resources as well as the discovery and delineation of new zones of mineralization. The Copper Mountain project is located approximately 9 miles southwest of Princeton, BC,…

ThursdayMay 01, 2008 11:40 am

Red Lake Exploration, Inc. (RLKX.OB) Raises Capital with One Million Dollar Private Placement

Red Lake Exploration, Inc. (OTCBB: RLKX) acquires, explores and develops natural resource properties. Today, Red Lake Exploration, Inc. announced that is has raised one million dollars through a private placement. According to the company, it will use most of the money to acquire the Farellon property it is currently exploring, and use the rest of the money to investigate other properties including the Camilla and Santa Rosa projects located in coastal Chile. Red Lake Exploration, Inc. is currently managing three main projects. The Farellon project is located in the Canadalaria iron oxide copper belt. Other companies are also exploring this…

ThursdayMay 01, 2008 11:09 am

Network Engines, Inc (NENG) Announces 88% Increase in Q2 Revenues

Network Engines, Inc, provider of server appliance products and services for storage, security and communications software vendors, today reported its financial results for the second quarter ended March 31, 2008. The company posted a positive second-quarter performance and projected increases for the third quarter of 2008. Net revenues rose 88 percent to $55.2 million, up from $29.3 million in the second quarter last year, following previous guidance of $54 million to $58 million. The company attributes the increase to its acquisition of Alliance Systems Inc. in October 2007. Gross profit fell short of the 17-18 percent expected, posting at 16.1…

ThursdayMay 01, 2008 10:17 am

Novavax Inc. (NVAX) Launches $5 Million Production Facility to Drive Vaccine Production

Novavax Inc. (Nasdaq: NVAX) today joined the State of Maryland and Montgomery County in celebration of the opening of the company’s new $5 million vaccine production facility at the company's headquarters in Rockville, Md. The 5,000 square-foot plant will be used to produce vaccines using the company’s virus-like particle (VLP) technology, which will combat a broad range of infectious diseases. The facility has the capacity to supply 10 million doses of the influenza vaccine for the company's current clinical programs. According to the press release, the facility marks a “major milestone” for the company’s development team. “This facility is seen…

ThursdayMay 01, 2008 10:14 am

Buffalo Wild Wings Inc. (BWLD) – Messy Faces, Full Pockets

Despite the recent reduction in spending seen throughout the United States, there are some companies who are thriving. One such company is Buffalo Wild Wings Inc. (BWLD) whose stock soared almost 20% after a report was released stating higher than expected earnings. While most of the chicken wing industry sees a boon around the time of the Super Bowl, prices were a great deal lower than expected during the first part of this year. There is actually logic behind the reasons for chicken prices being so low. While feeds such as corn are seeing dramatic rises, farmers are turning to…

ThursdayMay 01, 2008 9:57 am

OTCPicks Featured Company: 141 Capital, Inc. (XXIS.PK) Files Disclosure Statement

With the intent to provide a vast market transparency and meet their disclosure obligations, 141 Capital, Inc. (OTC: XXIS) has filed a Disclosure Statement with Pink Sheets including audited financial numbers for the years ending December 31, 2006 and December 31, 2007. Also, contained in the statement are the company's share structure (authorized shares, outstanding shares, etc.) and other significant information as of February 29, 2008. The management team will proceed with filing the required quarterly reports, since initial filing is complete, and expects to be in a position to announce further accomplishments for the benefit of their investors. On…

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