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MondayFeb 04, 2008 5:15 am

Southside Bancshares, Inc (SBSI) Announces Record Annual Earnings

Southside Bancshares, Inc (SBSI) announced that the company has reported financial results for the three months and year ended December 31, 2007. During this period, Southside reported record net income of $16.7 million for the year ended December 31, 2007, an increase of $1.7 million, or 11.2% compared to the previous quarter. Net income also increased. During this period, net income increased by $655,000 to $4.8 million from $4.2 million, an increase of 15.7%. Earnings per fully diluted share increased $0.05, or 16.1%, to $0.36 for the three months ended December 31, 2007, compared to $0.31 for the same period…

MondayFeb 04, 2008 5:00 am

Nanogen, Inc (NGEN) Receives Stockholder Approval on Two of Three Proposals and Adjourns

Nanogen, Inc (NGEN) announced that the company has received stockholder approval regarding two of the three proposals presented at a special meeting of stockholders. Stockholders have approved an amendment to increase the number of authorized common shares and to permit the board of directors to effect a reverse stock split. The approval of all proposals is important as the company begins to restructure corporate capital. Such proposals will provide the company with increased financing flexibility until positive cash flow is achieved. If all proposals are approved and new financings become available, the company expects to achieve cash flow breakeven in…

MondayFeb 04, 2008 4:58 am

SUN Sports and Entertainment, Inc (SSPE.PK) Acquires Assets of International Fighting Organization and Steele Cage Promotions

SUN Sports and Entertainment Inc. (SSPE.PK) announced that the company has acquired the assets of the International Fighting Organization. Such assets include the Production and Broadcast Film Library of events promoted by Steele Cage Promotions. SUN's CEO, CJ Comu, stated, "We are delighted to be able to acquire the assets of the International Fighting Organization, the MMA Sanctioning Body in the State of Nevada. We are also delighted to be able to acquire all the Raw Footage and Finished Broadcast Production of the IFO events promoted by Steele Cage Promotions, which we plan on distributing globally." Comu added, "We feel…

MondayFeb 04, 2008 4:57 am

Deep Blue Marine, Inc (DPBM.PK) Welcomes ABC News "Good Morning America"

Deep Blue Marine Inc. (DPBM.PK) announced that the company will be working with ABC News' weekend edition of "Good Morning America" for two days next week. Deep Blue is to aid Good Morning America by providing footage of underwater treasure hunting for an upcoming "X Marks the Spot" segment. The footage will be used by ABC as part of their archives and will be owned by ABC News. The ABC news Good Morning America Weekend crew, headed by weekend anchorman Bill Weir, will join with the Deep Blue Crew on the Cap'n Tracy for an excursion to their Key West…

MondayFeb 04, 2008 4:55 am

UDS Group, Inc (UDSG.PK) Announces SUBWAY Delivery Launch

UDS Group, Inc. (UDSG.PK), a leader in Delivery Management Solutions, announced that the company will launch delivery services for SUBWAY, the world's largest franchise chain, in Downtown Manhattan. Specifically, UDS will manage all Subway restaurants by utilizing their single nationwide toll free number 888-SUB-TO-GO. Subway is seeking to enter the delivery business currently dominated by Pizza and Asian Cuisine, a $32 Billion industry to date. The SUBWAY restaurant chain is the world's largest submarine sandwich franchise. Currently, the restaurant chain has more than 28,500 locations in 86 countries. The SUBWAY chain has surpassed the number of McDonald's chains located throughout…

MondayFeb 04, 2008 4:53 am

ZAP, Inc (ZAAP.OB) Sells 614 Electric Cars Following Largest Dealer Seminar

ZAP, Inc (ZAAP.OB) announced that the company has added six new electric car dealers during the beginning of year 2008. Together, all dealers have signed purchase orders totaling 614 Xebra sedans and trucks. Specifically, all purchase orders are non – refundable, legally binding contacts for a mixture of ZAP Xebra electric sedans and trucks. The orders also include the Zapino, ZAPPY3 PRO, ZAPPY3 EZ and the ZAP Mid-Sized ATV. Overall, the total value of purchase orders amount to $5,127,850. ZAP's CEO, Steve Schneider, expects more dealers to join their distribution network shortly. The company currently has 54 dealers within the…

MondayFeb 04, 2008 4:51 am

PRG Group, Inc (PRGJ.PK) Announces Successful 2008

PRG Group, Inc (PRGJ.PK), a holding company for PRG Systems Inc., Prime Communications Inc., and LOCATUM, announced that the company has had a highly successful corporate year during 2007. During the year, the company was able to expand their Training Division, a division that offers leading preparation services for CPA license exams. Last year, PRG's CPA program was recognized by banks for providing educational student loans. PRG CPA, CISA and CFA students may now qualify for bank-funded loans for enrollment fees and materials. Uma Pandy, CEO, stated, "We had several high-priority items last quarter that took precedence over releasing news.…

MondayFeb 04, 2008 4:50 am

E-Doorways Corp. (EDWY.OB) is "One to Watch"

In three to six months, when you open the portal to your virtual world, you might just come upon a "Doorway". According to Gary Kimmons, the CEO of E-Doorways , this virtual portal will take you everywhere you want to be, creating a rich, interactive experience for both users and vendors. Combining the scope of Wikipedia, the interactive context of Myspace, the usefulness of Yellow Pages and the consumer-oriented aspect of Craigslist, Doorways gives you the power of the world in the palm of your hand. Say you're in Redmond but your cat, riding baggage, is still in Seattle and…

MondayFeb 04, 2008 4:44 am

Mitcham Industries, Inc. (MIND) Enters Into an Agreement with Taglesolve for Intellectual Property Rights

Mitcham Industries, Inc. (MIND), headquartered in Huntsville, Texas, is a geophysical equipment supplier that offers for lease or sale new and “experienced” seismic equipment to the oil and gas industry, seismic contractors, environmental agencies, government agencies and universities. With sales and service offices in Calgary, Canada; Brisbane, Australia; Singapore; Ufa, Bashkortostan, Russia; and the U.K. and with associates throughout Europe South America and Asia, Mitcham conducts operations on a global scale and is the largest independent exploration equipment lessor in the industry. In December 2007, Mitcham announced that its Seamap unit has completed an agreement with the principals of Tanglesolve…

SundayFeb 03, 2008 7:55 am

StockGuru Blog: China America Holdings (CAAH) – Another Great StockGuru China Company

China America Holdings (OTCBB: CAAH) StockGuru had a great week with our Chinese Companies. I am glad to bring you this incredibly diverse and well managed company. I hope you had a good chance to look at CAAH management. This is an amazing team but they would have to be. This company clearly understands business. Think of China Holdings as a three legged stool with three very diverse holdings. Shanghai Aohong Industry Co., Ltd. is a distributor of assorted liquid coolants utilized in a variety of applications, primarily as refrigerants in air conditioning systems for automobiles, residential and commercial air…

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