Blog - Page 4986 of 5712

WednesdayJan 23, 2008 7:29 pm

Bear At the Door or Already Here

Despite the nearly 300 point upsurge in the Dow today, with major stock index averages already significantly down and many investors suffering already, the arguments of the bears appear to have held sway in the market’s debate. The major averages have seen falloffs of around 15% in the Dow, a similar plunge in the S & P 500, and the NASDAQ has followed this pattern as well in the last 52 weeks. Professional investors usually consider a bear market to occur at a 15%-20% decline from the year’s highs. With last year’s development of the subprime mortgage lending excesses, along…

WednesdayJan 23, 2008 7:26 pm

Sears Holding Co. (SHLD) to Restructure

Sears Holding Co. (NYSE: SHLD) a bastion of American retailing whose components include both K Mart and Sears Department Stores, may be on the verge of a massive restructuring. Edward Lampert, the hedge fund executive and chairman of Sears Holding, may be planning a move to significantly transform the way the retailer is organized to boost the retailer’s sagging business. Sears and K Mart, as have other retailers, have faced a difficult business climate recently, which has seen their earnings growth fall and their stock price decline along with that. Shares of Sears have been trading under the $90 level…

WednesdayJan 23, 2008 7:21 pm

Dynamic Response Group Inc (DRGP.OB) Hit Product ''Riddex'' Breaks the $10 Million Sales Mark

Dynamic Response Group, Inc (DRGP.OB), a leading innovator of strategic marketing solutions, announced that the company has received a record $10 million in sales from their control product, Riddex. The product continues to generate strong sales after posting over $2 million in sales from its short form infomercial during the first two months on the market. Melissa K. Rice, CEO, stated, "Riddex has proven to be a highly desirable product, and the strong demand we are seeing from consumers is truly remarkable. These results are a testament to the expertise of our team and the success of our innovative marketing…

WednesdayJan 23, 2008 7:20 pm

Generex Biotechnology Corporation (GNBT) Receives Regulatory Approval

Generex Biotechnology Corporation (GNBT), the leader in drug delivery for metabolic diseases through the inner lining of the mouth, announced that the Ukraine Ministry of Health has issued an approval letter regarding the company's pertinent Phase III clinical trial of Oral-ly. The Ministry specified that the company will be able to conduct their trials at eight clinical sites located in Ukraine. This letter represents the initiation of the first clinical sites for the pivotal study of Oral-ly. Additionally, this particular approval is the first approval from seven countries which Generex seeks to conduct their Phase III trial. The Company has…

WednesdayJan 23, 2008 7:18 pm

Universal Detection Technology (UDTT.OB) Invited to Present at the U.S. Army Edgewood Chemical Biological Center

Universal Detection Technology (UDTT.OB), a developer of early-warning monitoring technologies to protect people from bioterrorism and other threats, announced that the company has been invited to present their technology utilized in their Anthrax Detection System at the U.S. Army Edgewood Chemical Biological Center [ECBC]. ECBC is the nation's principal research and development center for non-medical chemical and biological defense. Currently, the ECBC is focused on developing technologies that are able to detect, protect, and decontaminate any number of threats. ECBC seeks to provide support over the entire product lifecycle, from basic research through technology development, engineering design, equipment evaluation, product…

WednesdayJan 23, 2008 7:17 pm

Sanmina-SCI Corporation (SANM) Announces First Quarter Financial Results

Sanmina-SCI Corporation (SANM), a leading global Electronics Manufacturing Services company, reported financial results for their first fiscal quarter ended December 29, 2007. Specifically, first quarter fiscal 2008 highlights include: -- Revenue of $2.53 Billion whereas guidance was between $2.5-2.65 Billion -- Non-GAAP Gross margin of 6.1%, exceeding guidance of 5.7%-5.9% -- Non-GAAP diluted Earnings Per Share of $0.04, guidance was between $0.02-$0.04 -- GAAP Diluted Earnings Per Share of $0.01 Sanmina-SCI reported revenue of $2.53 billion for the first fiscal quarter ended December 29, 2007. Compared to the value of $2.51 billion reported during the fourth fiscal quarter ended September…

WednesdayJan 23, 2008 2:15 pm

Stratos Renewbles Corp. (SRNW.OB) Conference Call To Take Place Tomorrow After the Bell

The price of standard crude oil peaked a few weeks ago at the astonishing price of $100 per barrel in intraday trading, a clear sign that the demand is outweighing the supply. To feed our growing energy demands there clearly has to be another, more cost effective option that can be infinitely renewed. Stratos Renewables Corporation meets these crucial points and many others by producing a high-quality, low cost Ethanol from Peruvian sugarcane. On Thursday, January 24th 2008 at 4:15 EST, the executive management team of Stratos Renewables Corporation would like to invite you and your clients to a brief…

WednesdayJan 23, 2008 12:14 pm

DNA Beverage Corporation (DNAB.PK) Expands its Distribution of the DNA Energy Drink

DNA Beverage Company is a grass roots beverage company that manufactures and market energy drink products. The company was formed by a group of individuals in the surfing, skating, and moto-cross industry. After trying other energy drinks made by the leading beverage companies they felt that they could come up with a better tasting drink. The company not only promotes the drink, but also lives the lifestyle of its consumers. DNA has infiltrated the local surf, skate, wakeboarding, moto-cross, and tattoo shops across Florida. Due to the increase demand for the product, DNA Beverage Corp. has relocated its corporate office…

WednesdayJan 23, 2008 12:07 pm

Material Technologies, Inc. (MTTG.OB) Takes Every Measure to Thwart Another Deadly Bridge Collapse

As victims of last year’s Minneapolis bridge collapse prepare to sue the state of Minnesota, we are reminded of the tragedy that hit too close to home for many, leaving the rest of us wondering if it could happen in our state, our city, or our neighborhood, and trying to figure out how such direly needed repairs slipped through the cracks. On August 1, 2007, the Interstate 35W bridge collapsed, killing 13 people and injuring 145 more after plunging them 60 feet into the Mississippi River. Now, five months later, surviving spouses and parents of children riding on a school…

WednesdayJan 23, 2008 12:01 pm

QuoteMedia, Inc. (QMCI.OB) Makes its Mark in a $7 Billion Market

QuoteMedia, Inc. (OTCBB: QMCI) has developed a line of financial data feeds and software applications that allow users to customize systems on desktops, laptops, cell phones and PDAs to receive real-time quotes, market news and updates, SEC filings, portfolio management and more. The applications are used by brokerage firms, individual investors, financial services companies, and business and media corporations to stay in, and on top of the market. The company has posted 17 consecutive quarters of revenue growth, noting increasing demand for its mobile division, Quotestream Wireless, and continuous investment for the expansion of its wholly owned data network. QuoteMedia…

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