Blog - Page 5050 of 5494

TuesdayAug 07, 2007 7:29 pm

Fed Keeps Rates Unchanged For Ninth Straight Meeting

The Federal Reserve kept the overnight federal funds rate steady at 5.25 percent for the ninth straight meeting, and it said that inflation remained its main concern despite signs of slowing growth. The economy grew at annual rate of 3.4 percent in the second quarter of 2007 after a revised rate of 0.6 percent in the first three months of the year. The Fed believes that expansion will slow in the second half of the year and have set predictions of 2.25 percent to 2.5 percent for this time period. Although growth looks to slow down, inflation is following suit…

TuesdayAug 07, 2007 7:28 pm

Nighthawk up 13 percent

Investors of Nighthawk Systems Inc. (OTCBB: NIHK) had a pleasant wake-up call when share prices for the company leapt 13.86 percent to $3.78 a share on market open this morning. It looks like the sudden rise can be attributed to this morning's news that Nighthawk just received its largest order in the company's history. According to this morning's statement, Nighthawk recently received an order for a "large number" of the company's CEO700 remote disconnect devices (the statement did not release the exact number) from Washington-based energy company, Avista Corp. According to Nighthawk's Web site, its CEO700 product is "a completely…

TuesdayAug 07, 2007 7:26 pm

Free Antibiotics Thanks to Publix Super Markets

Everyone knows the prescription drug market is not only competitive, but is often highly scrutinized due to healthcare and insurance policies. Publix Super Markets is putting all of that to rest, offering free 14-day supplies of seven common antibiotics at its 684 pharmacies in Florida, Georgia, South Carolina, Alabama and Tennessee. This is an interesting reply to Wal-Mart, Costco, Walgreen's, and CVS's low-cost and discount programs on drugs in recent months. Publix is taking things a step further, however, by not only providing customers with free supplies of 14-day antibiotics, but by not limiting the number of prescriptions customers can…

TuesdayAug 07, 2007 7:25 pm

Global Axcess Announces Q2 Financial Results

On word of its financial results for the second quarter of 2007, shares of Global Axcess Corp. (OTCBB: GAXC) are up 2 cents, nearly 7 percent, to 32 cents in Tuesday morning trading. The automated teller machine (ATM) owner and operator reported revenue of $5.6 million from continuing operations for the period ended June 30, 2007, up 2.1 percent from revenue of $5.5 million the same quarter last year. "Our company posted solid performance in the second quarter of 2007. In the quarter, we leveraged our cost improvements and good per ATM transaction growth into excellent profit improvement. We are…

TuesdayAug 07, 2007 7:24 pm

Shotpak More Visible in Marketplace

Party innovator Shotpak Inc. (Pinksheets: SHTP) is still moving merrily along its business plan, doing everything it can to increase the marketability of its revolutionary prepackaged alcoholic beverage product, the aptly named Shotpak. "As of right now ... we are exceeding our goals at this time, growing this business," Shotpak CEO Ignes Hattingh said in a recent interview with MN1. "I believe our stock will reflect our achievement of these goals." According to Hattingh, Shotpak is currently in negotiations with a "very large distributor" located in the United States, although the company couldn't release the name of the distributor. The…

TuesdayAug 07, 2007 7:23 pm

Early Movers with Big News

Each morning, the exchanges come alive - and finding a company with news to back its movement allows MN1 to bring you updates each morning and afternoon to keep you on top of the small and micro-cap markets. The following companies released some sort of news late yesterday evening or early this morning: Nighthawk Systems (OTCBB: NIHK) shares are up 1 cent, nearly 7 percent, to 11 cents this morning, moving on volume of 2.8 million. The leading provider of wireless power management and emergency notification solutions announced it has received an order for CEO700. The purchase order marks the…

TuesdayAug 07, 2007 7:22 pm

MobiClear Rises on Partership

Credit identity protection technology provider MobiClear Inc. (OTCBB: MBIR, Deutsche Brose: B3CA) rose 21 percent yesterday, closing at $0.064 per share after the company announced it had entered into a partnership agreement with fraud management software manufacturer Bastion Payment Systems Corporation. According to the statement, Bastion will market and launch MobiClear's "exciting line" of security solutions to market-lending financial institutions in the Philippines and other Asian countries. "The banks have expressed great interest in the product's ease of implementation, cost-effectiveness, and the ability to be brought to market in a timely fashion," the statement said. MobiClear reportedly specializes in electronic…

TuesdayAug 07, 2007 7:20 pm

SciClone Q2 Revenue Up; Expects $35M to $36M for 2007

SciClone Q2 Revenue Up; Expects $35M to $36M for 2007 « H E » MN1 Exclusive :: email posted Tuesday, 7 August 2007 MN1 Staff WriterModerate trading activity for SciClone Pharmaceuticals Inc. (Nasdaq: SCLN) on the eve of its second quarter earnings announcement as the stock closed down 2 cents at $2.14 per share. SciClone reported its second quarter earnings before the opening bell today. For the second quarter 2007, product revenues from the sale of ZADAXIN (thymalfasin), SciClone's lead product, increased by 13 percent to $9 million, compared with revenues of $7.9 million for the second quarter 2006. The…

TuesdayAug 07, 2007 7:19 pm

Commerce Planet Foresees Near 55% Increase in Revenue

Shares of Commerce Planet (OTCBB: CPNE) were up 7 cents, nearly 9 percent, to 89 cents Monday afternoon, moving on volume of 1.1 million. Yesterday, the company announced it expects second-quarter revenue to increase 48 percent to 55 percent, as compared to the same period last year. In a statement, the Internet-based media company said it expects revenue for the period ended June 30, 2007, to increase to $10.5 million, up from $7.1 million the year prior. "We are pleased with our preliminary results for the second quarter, which reflect the success of our initiatives to increase the quality of…

TuesdayAug 07, 2007 6:02 pm

ALL Fuels & Energy (AFSE.PK) to Acquire 46MM Gallons of Annual Ethanol Production

Today the company announced it has signed an exclusive letter of intent to acquire Ace Ethanol, LLC for $102.5 million. Ace Ethanol operates a 46 MM gallon per year Delta T design production facility in Stanley, WI. Dean Sukowatey, president of ALL Fuels & Energy "We are pleased to have reached this stage in our purchase of a quality ethanol producer with over $100 million in revenues and EBITA of over $33 million in 2006. ACE fits our model and strategically moves us closer to producing our goal of 500 MM gallons per year. We have worked with Ace for…

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