Blog - Page 4436 of 5589

TuesdayAug 12, 2008 6:01 am

PeopleSupport, Inc. (PSPT) to Merge with Aegis BPO through Subsidiary Essar Services (Mauritius)

PeopleSupport, Inc. (PSPT) has announced a definitive agreement to merge with Aegis BPO, a global business process outsourcing provider, through Essar Services (Mauritius), Aegis’s wholly owned subsidiary. This merge of companies will be achieved through a cash transaction with an aggregate equity value of approximately $250M, and has been unanimously approved by the boards of directors of both companies. Aegis BPO is one of India’s fastest growing BPO companies with an annual revenue of over USD $320M. The company services some of the world’s largest corporations in the telecom, banking, insurance and healthcare verticals through its 25 delivery facilities in…

TuesdayAug 12, 2008 5:59 am

China Automotive Systems, Inc. (CAAS) Reports Solid Second Quarter Results

China Automotive Systems, Inc. (CAAS), a manufacturer of power steering components, oil pumps and sensors in China, announced second quarter financial results this morning. Revenues rose to $46.5 million, an increase of 28.1% year over year and 12.2% sequentially. Net income grew 93.2% to $4.7 million, or 18 cents per share, compared to $2.5 million, or 10 cents per share, in the second quarter of fiscal 2007. "We closed our slow season with a high note as we continue to outpace our market growth and win accounts from our competitors," said Mr. Qizhou Wu, Chief Executive Officer of China Automotive…

TuesdayAug 12, 2008 5:58 am

NexHorizon Communications Inc. (NXHZ.OB) Continues Growth through Acquisition, Latest Closing Expected in 4th Quarter

In much the same way that cell phone operators are reaching a critical customer mass, cable system operators are increasingly looking for new customers in need of digital services. There are only so many qualified households to go around and those are being assimilated quickly. A cable operator that has a solid business plan to locate and upgrade these remaining households, and retain them once upgraded, is a cable operator that should be ready to produce reliable profits for some time to come. NexHorizon Communications Inc., a cable system developer and operator, works to acquire and upgrade rural cable systems…

TuesdayAug 12, 2008 5:55 am

FUQI International, Inc. (FUQI) Reports 253% Increase in Second Quarter Net Income, Raises Guidance

FUQI International, Inc. (FUQI), a designer and manufacturer of precious metal jewelry in China, reported second quarter financial results this morning. Revenues rose 154% year over year to $66.9 million, compared to $26.3 million. The one analyst that covers the company expected revenues of $62.8 million. Net income surged 253% to $5.3 million, or 25 cents per share, vs. $1.5 million, or 10 cents per share, for the same period last year. The analyst was expecting earnings of 20 cents per share. Mr. Yu Kwai Chong, Chairman of Fuqi International commented, ''We are very pleased with our results for the…

TuesdayAug 12, 2008 5:54 am

SWS Group Inc. (SWS) is Helping Clients Invest in Their Futures

SWS Group, Inc. is a holding company based in Dallas, Texas. They are the largest Texas-based securities firm and the only full-service, Texas-based firm that is a member of the NYSE. Incorporated in 1972, they operate through various subsidiaries that provide financial and investment services to a myriad of clients. SWS Group has over 900 employees and $5 billion in total assets. Their subsidiaries process securities transactions for correspondent brokerage firms. They also provide securities brokerage, investment banking, commercial banking, and other financial services to individual, corporate, and public clients. One of their subsidiaries, Southwest Securities, Inc., is their principal…

TuesdayAug 12, 2008 5:52 am

Royale Energy Inc. (ROYL) is Building Their Oil and Gas Kingdom

As a NASDAQ Global Markets traded company, Royale Energy Inc. is an independent exploration and production company focused on the acquisition, development, and marketing of oil and natural gas. Founded in 1986, Royale Energy owns and operates wells in California, Texas and the Rocky Mountains, as well as the Gulf Coast. They engage in the production and sale of oil and natural gas as well as the acquisition of oil and gas lease interests and proved reserves. They also involve themselves in the drilling of exploratory development wells, and the sale of working interests in wells primed for drilling. With…

TuesdayAug 12, 2008 5:15 am

Brite-Strike Tactical Illumination Products, Inc. (BSTI.PK) is in the Process of Becoming a Fully Reporting OTCBB Company

Brite-Strike Tactical Illumination Products, Inc. (BSTI.PK) is making a move to become a fully reporting OTCBB company. Brite-Strike announced that it is now in the process of completing its 15C-2-11 Information and Disclosure Statement to be filed with the Pink Sheets website. Glenn Bushee, President of Brite-Strike, stated, “Brite-Strike can reach a greater investor audience, further its strategic goals and enhance shareholder value by becoming a fully reporting company. We have the infrastructure in place to make this move, and I believe it is an important step for us to take as we begin to execute the early phase of…

MondayAug 11, 2008 5:58 pm

Agfeed Industries, Inc. (FEED) Reports Record 2nd Q Results, Raises Earnings, Growth Outlook for Rest of Year

With a 619 percent net income increase from this time last year, Agfeed Industries, Inc. (Nasdaq: FEED) shareholders also saw their earnings per share rise 27 cents or 350 percent over the same time period. The second quarter of 2008, which ended June 30, saw a net income of $8.6 million, and total revenues of $35.64 million from the 2nd Quarter in 2007, a 417-percent increase. Agfeed is a commercial hog producer and the largest premix feed company in China. Stable corn prices, import restrictions, and increased efficiency helped company earnings as well as record sales. "AgFeed has direct access…

MondayAug 11, 2008 5:45 pm

SkyPostal Inc. (SKPN.OB) Picking Up What Others Leave Behind

SkyPostal Networks Incorporated, formerly known as Omega United Incorporated, is a large private mail network in some emerging areas of the world. SkyPostal started off delivering exclusively to the Latin America – Caribbean region, but has expanded further into North America and Europe as well. Although it is still growing and developing as a company, it has some key distinctions and advantages over its established competitors such as UPS, Federal Express and DHL. SkyPostal has found a niche in the market for delivery in often difficult locations that the larger companies consider undesirable areas. They feature the ability to deliver…

MondayAug 11, 2008 5:42 pm

Hybrid Technologies Inc. (HYBR.OB) Employs Engineering Mastermind Ron Cervin

Hybrid Technologies Incorporated has made it a habit to hire the best possible talent. It is a common thought in the worlds of business and engineering that success can create greatness, and that is a reason why Hybrid retains quality engineers like Ron “Hollywood” Cervin. The work and ideas of Cervin and other engineers at Hybrid are leading a revolution that will change the way the world views electric vehicles. Ultimately it will be the work of Cervin and others that will help change the landscape of all the vehicles on the road and help to save the environment one…

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