Blog - Page 4416 of 5624

TuesdaySep 09, 2008 3:58 am

Smith & Wesson Holding Corporation (SWHC) Announces First Quarter Financial Results; CEO Discusses Growth in Key Segments

Smith & Wesson Holding Corporation (NASD: SWHC), the manufacturer of handguns, law enforcement products, and firearm safety and security products, recently announced its financial results from the fiscal first quarter ended July 31, 2008. Shares opened lower late last week after the company reported quarterly net income of $2.3 million, or $0.05 per fully diluted share, compared with $4.7 million, or $0.11 per fully diluted share, for the comparable period in 2007. Smith & Wesson’s president and chief executive officer, Michael F. Golden, commented on the company’s key growth segments during a conference call last week stating, “During the first…

TuesdaySep 09, 2008 3:57 am

Solar EnerTech Corp. (SOEN.OB) Buys 7.8% Stake in Silicon Company and Finalizes Supply Accord

Solar EnerTech Corp (OTCBB: SOEN) announced an equity purchase agreement with 21-Century Silicon, Inc, a privately-held Dallas-based polysilicon manufacturer. The company bought two million common stock shares for $1 million, with a provision to buy two million more if the first polysilicon that 21-Century ships meets quality specifications of the Shanghai-based Solar EnerTech. The first material polysilicon shipment is expected in the spring of 2009. A second, following element of the purchase agreement is a memorandum of understanding for a four-year deal to supply polysilicon for solar cells. 21-Century Silicon seeks the ability to manufacture solar-grade polysilicon at a lower…

TuesdaySep 09, 2008 3:56 am

Addiction Center Owned and Operated by Forterus, Inc. (FTER.OB) Poised For Expansion

Forterus Inc. (OTCBB: FTER) announced that its A Better Tomorrow Treatment Center in Murrieta, Calif, is filled to capacity. As a result, the drug, alcohol and gambling treatment center will soon add more beds and space. Forterus acquired A Better Tomorrow in August and was soon able to report record second quarter revenues of $1,265,262, or a 39-percent increase over the same quarter in 2007. That translated into a net income of $188,000, a slight increase from the year before. "We are very pleased with the strength of A Better Tomorrow's financial performance," said Paul Howarth, Forterus CEO. "The owners…

TuesdaySep 09, 2008 3:54 am

Pocketfinder by Location Based Technologies (LBAS) Set To Go Into Mass Production

Location Based Technologies (OTCBB: LBAS) should be in the middle of mass production runs of its PocketFinder by the end of the year, the company announced. Initial pilot production has started at Jabil Circuit, a manufacturing plant in Meung-Sur-Loire, France. PocketFinder - and PetFinder - are tiny location and homing devices. They can be accessed via the Internet, cell phone or a landline and can be enhanced to track personal luggage, vehicle speeds - to those with access - and include "zones" to notify a user when someone (or something, like a pet or a vehicle) leaves or enters a…

TuesdaySep 09, 2008 3:53 am

North American Palladium Ltd. (PAL) – Mining Their Own Business

Headquartered in Toronto, Ontario, North American Palladium Ltd. (PAL) is a Canadian producer of palladium. Trading on the American Stock Exchange (AMEX), the company is part of the Industrial Metals and Minerals industry. Their core palladium business is supported by a major contribution from nickel, platinum, gold, and copper byproducts metals. Palladium is one of six platinum group metals consisting of: platinum, palladium, osmium, ruthenium, iridium, and rhodium. These metals are valuable for their strength and durability, rarity, strong catalytic properties, resistance to oxidation and corrosion, conductivity, and high melting point. These platinum group metals are part of technological advances…

TuesdaySep 09, 2008 3:50 am

Tanzanian Royalty Exploration Corp. (TRE) Getting the Royalty Treatment

Trading on the American Stock Exchange (AMEX), Tanzanian Royalty Exploration Corporation is a financial gold company whose business strategy is to acquire royalty interests in gold production from their core assets. These assets are in the Lake Victoria Greenstone Belt of Tanzania. This Belt is considered prospective for precious metals, base metals, and diamonds. With a market capitalization of $241.60 million, the company has their corporate headquarters in Surrey, British Columbia. Tanzanian Royalty's strategy is to develop their licenses under royalty agreements with industry partners. They have royalty agreements with Barrick Gold and Northern Mining Explorations. The company is also…

TuesdaySep 09, 2008 3:48 am

eFuture Information Technology Inc. (EFUT) Reports Q2 Sales Double, Earns Profit

eFuture Information Technology Inc. (EFUT), a supplier of management software solutions in China, reported second quarter financial results yesterday afternoon after the close. Revenues rose to $3.5 million, an increase of 103.9% over the same period in 2007. Gross profit rose 115% to $2.0 million as gross margin improved to 57.1% from 54.1% year-over-year. GAAP net income was $0.4 million, or 13 cents per diluted share, vs. a loss of $1.34 million in Q2 2007. Adjusted net income (non-GAAP) was $1.1 million, or 35 cents per diluted share. eFuture reiterated full-year 2008 revenue guidance of $19 - $20 million. There…

MondaySep 08, 2008 6:01 pm

IceWeb Inc. (IWEB.OB): Cool Name, Cool Profits for Investors?

IceWeb (IWEB) manufactures, markets and provides network infrastructure solutions and online application services to federal, state, and local government entities on a global scale. The company's network security products and services include firewall, intrusion detection systems, and security information management system implementation and management/monitoring along with e-mail security remote application processes. IceWeb also provides e-mail solutions along with online scheduling and meeting collaboration tools. The company's LearningStream.com product is an online business education portal that offers subscription-based online classes to consumers and corporate customers, such as managers, employees and trade associations. Virginia-based IceWeb sells its products and services through direct…

MondaySep 08, 2008 5:58 pm

Evolution Solar Corp. (EVSO.PK): Sunny Profits for Investors?

Evolution Solar (EVSO) is a producer of leading-edge alternative solar energy technologies and related photovoltaic (PV) technologies, equipment and next-generation appliances. As the search for alternative forms of energy has gained speed, solar power has become a major industry in just the past few years. In addition to providing solar consulting services, Evolution Solar assists in the development of alternative energy plans for large corporations and government organizations. According to industry estimates, the solar PV market will grow from the current $7 billion value to $30 billion in 2010. With annual growth rates exceeding 30 percent, and expanding profit margins,…

MondaySep 08, 2008 3:59 pm

Brite-Strike Technologies, Inc. (BSTI.PK) Providing State-of-the-Art Tactical Weapons

Brite-Strike Technologies, Inc. (OTC: BSTI) is a developer of advanced, high-intensity tactical LED (light-emitting diode) flashlights and personal protection products. The company was founded by two Massachusetts police officers, Glenn Bushee and Jon Neal, with the goal of providing police officers, military personnel and citizens with innovative and practical self-defense tactical products. As the company grew, Brite-Strike reached a technology agreement with Phillips Lumileds in Malaysia to become the manufacturer of Brite-Strike® tactical lights, which consist of the patented LUXEON® LED's and contain the latest EMP chip technology. Their Tactical Blue-Dot ™ Series are specifically made for government agencies, the…

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