Blog - Page 5206 of 5658

ThursdayAug 09, 2007 8:01 pm

Nascent Wine Company, Inc (NCTW.OB) Signs Letter of Intent to Acquire Distribution Company

Nascent Wine Company, Inc the only nationwide distributor of imported products in Mexico, announced today it has signed a non-binding Letter of Intent (LOI) to acquire Bodegas Herlomex S.A. de C.V. (dba La Bodega), one of Baja California’s premier bakery distribution companies. La Bodega is a staple in the Baja California foodservice community, serving the state of Baja for more than 40 years, and operating a cash and carry operation that it opened 15 years ago to complement its foodservice delivery distribution. La Bodega has 2 locations from where it services bakeries, restaurants, bars and hotels with over 2,000 products…

ThursdayAug 09, 2007 7:18 pm

Top Closers with Big News

It was definitely a dark day on Wall Street as the Dow Jones dropped 387 points, marking the second-worst loss of the year. In response to the continued credit market rut, a French bank announced it would freeze three funds invested in U.S. subprime mortgages, citing the inability to properly value the assets, and spurring the Dow decline. Regardless, there's still positive news in the market, and the following small-cap companies released news that nudged their shares up the charts today. Viewpoint Corp. (Nasdaq: VWPT) shares rose 9 cents, or 11 percent this afternoon, settling at 99 cents by the…

ThursdayAug 09, 2007 7:18 pm

Wilson Leather Shares Climb though July Sales Decrease

Wilsons the Leather Experts Inc. (Nasdaq: WLSN), most commonly known by leather jacket and handbag lovers as Wilsons Leather, posted a slew of news today, pushing shares up 20 cents, about 12 percent, to $1.85 at the market's close. The company reported a 2.2 percent decrease in same store sales for the month of July; the leather retailer also posted annual sales of $15.7 million for the month, as compared to $16.1 million for the month of July in 2006. Accessories, including wallets, gloves, hats, briefcases, bangles and belts, currently account for 35 percent to 40 percent of the company's…

ThursdayAug 09, 2007 7:16 pm

Thorium is Positive about Development Stage Results

The leading developer of low waste, non-proliferative nuclear fuel technology for existing and future reactors, Thorium Power Ltd. (OTCBB: THPW), released its business update for the second quarter today. The stock price reflected the news positively as shares increased 11 percent, or about 3 cents, to 28 cents on volume of 721,356. Seth Grae, CEO of Thorium Power, stated in a release earlier, "We are making strides in bringing our thorium-based fuel designs to the forefront as a viable solution to nuclear proliferation concerns and environmental issues around the world. Specific to Thorium Power, in recent communications we have indicated…

ThursdayAug 09, 2007 7:16 pm

Online Marketing: Viewpoint Releases Q2 Financials

As the Internet consumes the way we receive our information, carry our personal and professional financing chores, shop, plan vacations, and more, there's an open plate sitting before advertising and marketing companies. Online marketing boasts the low cost distribution of information to a vast global audience. Once a company has established itself as an operating Internet-based company, it has stepped its foot into a rushing flood of competition. Now comes the innovation, creativity and technical advances required to "make it." Internet marketing companies utilize search engine marketing, display advertising, interactive design, advertisements and more. Viewpoint Corp. (Nasdaq: VWPT) is one…

ThursdayAug 09, 2007 7:15 pm

Theater Xtreme up 40 Percent

Share prices for home theater projection retailer Xtreme Entertainment Group Inc. (OTCBB: TXEG) was up an impressive 40 percent today, spurred on by a recent company expansion summary written by Xtreme Entertainment CEO Scott Olgum. "Theater Xtreme is a progressive company that continues to meet important expansion targets while remaining highly differentiated in the consumer electronics retail segment," Olgum said in his letter. "Thousands of Theater Xtreme cinema rooms are in the homes of middle-income Americans. Our customers have lived in their homes for an average of five years, and have an approximate home value of $500,000. We add more…

ThursdayAug 09, 2007 7:14 pm

Cyberkinetics Up on Negative News

Share prices for Cyberkinetics Neurotechnology Systems Inc. (OTCBB: CYKN) were up 12.5 percent today, apparently bolstered by the company’s recent second quarter financial results. According to the financials, total revenues for this quarter were at $439,000, down $32,000 from the previous year’s second quarter revenues of $471,000. Although the revenues were down year over year for the second quarter, for the first half of the fiscal year 2007 the company has generated $80,000 more dollars in revenues. This will help the company get on track to increase yearly revenues for the second year in a row. Grant revenue fell as…

ThursdayAug 09, 2007 7:13 pm

Caliper Releases Second Quarter Results and Guidance

Financial reports are still trickling in for the first half of the fiscal year 2007. Caliper Life Sciences Inc. (NASDAQ: CALP), a leading provider of equipment for preclinical drug research, announced its second quarter results for 2007. Revenues for Caliper were up 45 percent year over year in the second quarter to $35.3 million. The generated revenues for this quarter were able to out-perform the guidance levels set between $30 and $35 million. Compared to the prior quarter, revenues were up about 24 percent as the first quarter generated $28.44 million. "In addition to our revenue initiatives, we are encouraged…

ThursdayAug 09, 2007 7:12 pm

PURE Teams Up with Swabplus to Tackle China

Shares of PURE Bioscience (OTCBB: PURE) jumped up today after news about its distribution agreement with Swabplus came out earlier this morning. In early trading today, PURE was up 17 cents (5 percent) to $3.47 per share. PURE announced in a press release that it has granted a license to market and sell its patented silver dihydrogen citrate (SDC)-based hard surface disinfectant in China, Hong Kong and Taiwan to privately held Swabplus Inc. "We are excited about the opportunity to introduce SDC into Asia as a more effective alternative to traditional poisonous disinfectants and a powerful weapon against dangerous pathogens…

ThursdayAug 09, 2007 7:11 pm

SEC Announces Settled Enforcement Action

The Securities and Exchange Commission (SEC) is certainly sticking to its promise on being tougher on offenders this year. This morning, the SEC announced that a settled enforcement action had been placed against MetLife subsidiary General American Life Insurance Company (GALIC) and former GALIC senior vice president William Thater for their roles in a late trading scheme back in 2002. According to the announcement, Thater entered into a written agreement that gave a New York family - no name was mentioned in the article - exclusive late trading privileges in mutual funds supporting the private placement life insurance policies this…

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