Blog - Page 5192 of 5651

TuesdayAug 14, 2007 4:07 am

Nascent Food Service, Inc. (NCTW.OB) Inks Letter of Intent to Acquire a Leading Cheese Distributor in Baja California

Nascent Food Service announced that it has signed a letter of intent to acquire Comercial Targa S.A. de C.V. The company is a leading cheese distributor in Baja California, Mexico and own one of the most popular cheese name brands in Baja California. Comercial Targa has been established for 24 years with 2 distribution centers located in Tijuana and Mexicali. Their products can be found in every supermarket as well as many restaurants and convenience stores throughout the state. The CEO of Nascent, Sandro Piancone, stated: “This is an ideal opportunity to take a regional brand and launch it throughout…

MondayAug 13, 2007 6:16 pm

Top Closers with Big News

Top Closers with Big News « H E » MN1 Exclusive :: email posted Monday, 13 August 2007 MN1 Staff WriterPublic companies love to release positive news and watch the reflection in their stock prices. The following companies released positive news of some kind today or late yesterday and then watched as their stock prices closed very strong. Shares of Credence Systems (Nasdaq: CMOS) rose 24 cents, nearly 11 percent, to a closing price of $2.51 Monday afternoon. Today the provider of automatic test equipment for the global semiconductor industry announced a new vice president of global field operations and…

MondayAug 13, 2007 6:15 pm

Viva Las Vegas!!! Don’t Forget to Grab your Tix4Tonight!

Shares of Tix Corporation (OTCBB: TIXC) jumped up today after the company announced the acquisition of Exhibit Merchandising earlier this morning. TIXC closed up 81 cents (12 percent) to $7.85 per share on volume of just over 102,000 shares. TIXC purchased all of the assets of Exhibit Merchandising LLC for a total of approximately $11.45 million in cash, (including approximately $3.45 million for inventory), and 5 million restricted shares of common stock. Based in Akron, Ohio, Exhibit Merchandising was formed to handle the affiliated merchandising opportunities that its principals created in Arts & Exhibitions, a partner in the successful King…

MondayAug 13, 2007 6:13 pm

Autobytel Races Ahead

Leading Internet automobile marketing company Autobytel Inc. (NASDAQ: ABTL) jumped 13.9 percent to $2.99 a share today, moving fast on the second quarter 2007 financial results the company released earlier this morning. According to the company's second quarter financials, revenue from "continuing operations" actually dropped from $25.1 million in 2006 to $24.3 million in 2007. Lead fees also dropped; in 2006, they represented 71 percent of total revenues, whereas they only represent 69 percent in 2007. Still, the company did manage to mitigate some of its expenses, as represented by its lessened losses. In the second quarter of 2006, the…

MondayAug 13, 2007 6:12 pm

Ciphergen Releases Q2 Results, New Name

Ciphergen Biosystems Inc. (NASDAQ: CIPH) reported its second quarter results for 2007 today, prompting the company's share prices to rise 10.2 percent to 75 cents a share. The company managed to reduce its total operating expenses for the second quarter of 2007, dropping expenses from $9.5 million last year to $5.9 million this year. Ciphergen attributed this reduction to the "elimination of selling and marketing expenses associated with the company's former life sciences tools business," which the company recently sold to Bio-Rad Laboratories. Unfortunately, since the company sold off its life sciences research business, the company cut off its revenue…

MondayAug 13, 2007 6:12 pm

Nutrition 21 Shares Drop 12% on News of Widened Loss

Shares of Nutrition 21 (Nasdaq: NXXI) plummeted 17 cents - nearly 12 percent - to $1.29 Monday morning, moving on a volume of 569,988. The dietary supplements maker today announced that preliminary results show a wider loss for fiscal 2007 due in part to a significant one-time charge related to its Selenomax product. Nutrition 21 estimates a loss for the fiscal year ended June 30 to be $18.2 million, or 32 cents per share, as compared to a loss of $10.3 million, or 26 cents per share, for 2006. The loss includes a $1.4 million charge for the return of…

MondayAug 13, 2007 6:09 pm

SNEN Nearly Doubles Q2 Revenue: Signs Big Agreement with Sinopec

Shares of Sinoenergy Corporation (OTCBB: SNEN) jumped up today after the company filed its 10QSB with its second quarter results and issued a press release this morning announcing the date of a conference call to discuss these results. In mid-day trading, SNEN was up 27 cents (10 percent) to $2.92 per share. For the three months ended June 30, 2007, the company reported net revenues of $6.2 million, which almost doubles its year ago numbers of $3.4 million. Profits also increased substantially with SNEN reporting net income of $1.9 million, or 7 cents per share, compared to net income of…

MondayAug 13, 2007 6:09 pm

Credence Shares Jump 20%

Shares of Credence Systems (Nasdaq: CMOS) jumped 45 cents, nearly 20 percent, to $2.72 this morning, moving on volume of 4.5 million. The news of the appointment of a new senior vice president, paired with upcoming third-quarter results, seems to be prompting share activity. This morning the test solutions provider announced that Amir Aghdaei will serve as senior VP of field operations and marketing to guide the company through its global field operations and marketing groups in collaboration with the company's focus on increasing its presence in areas such as Japan and Taiwan. In a statement, Credence CEO Lavi Lev…

MondayAug 13, 2007 6:07 pm

Deli Solar up on 2Q Results

Solar water heater specialists Deli Solar Inc. (OTCBB: DLSL) crept up 10.8 percent today, riding on the company's latest second quarter 2007 financial results and boosting share prices to $2.30 a share. According to the company's latest statement, second-quarter sales figures for Deli Solar rose from $7.06 million in 2006 to $9.41 million in 2007, an increase of 33 percent - an increase the company attributed to the sale of more than 63,000 water heaters and 37,000 boilers during the second quarter of 2007. Gross profit for the company also increased, jumping 30 percent to $1.9 million, while gross margins…

MondayAug 13, 2007 6:06 pm

Ukrainian Oil pushes SERG up 122%

Star Energy (OTCBB: SERG) skyrocketed an amazing 122 percent this morning, soaring on the news of the company's recent acquisition of three Ukrainian oil and gas projects. According to the company's most recent statement, Star Energy will work through its subsidiary Anglo-Ukr Energy to help promote and expand the company's operations in the Ukraine. Of course, the oil's a good excuse, too; the statement claims that there are more than 100 million barrels of oil and 150 billion cubic feet of gas spread over seven oil and gas fields. This appears to be the company's latest move to gain a…

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