WednesdayJun 11, 2008 4:44 pm

Optical Cable Corporation (OCCF) Reports 270% Increase in Net Income for the Second Quarter

Optical Cable Corporation (OCCF), a manufacturer of fiber optic cables for military and civilian clients worldwide, reported second quarter results today after the close. Revenues increased 21.2% year-over-year to $13.5 million. Net income rose to $878,000, or 15 cents per share, vs. $237,000 for the same period last year, an increase of 270%. "We are pleased with Optical Cable Corporation's financial performance during fiscal 2008 to date,” stated Neil Wilkin, president and CEO of Optical Cable. “Our strategies and investments are positively impacting the Company's results as evidenced by year-over-year increases in net sales, gross profits and net income. We…

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WednesdayJun 11, 2008 11:00 am

ideaEDGE Inc. (IDAE.OB) Receives $1.2M Financing to Launch Platform to “Bank” on Social Sites and Gift Cards

ideaEDGE Inc. (OTCBB: IDAE) develops prepaid gift card programs utilizing highly popular social sites such as MySpace and Facebook, which have a combined audience of more than 170 million users. It’s an audience that keeps growing as users from all over the world, from every walk of life, and of every age jump on the social networking bandwagon. ideaEDGE today announced it has secured $1.2 million of new equity funding, which will allow the company to rollout its Social Network Enable (SNE) Group Gift Card platform in late 2008. “Our industry partners are excited about the potential of our SNE…

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WednesdayJun 11, 2008 10:58 am

Accentia Biopharmaceuticals Inc. (ABPI) Subsidiary Releases Positive Results for Clinical Trial of Non-Hodgkin’s Lymphoma Treatment

Biovest International Inc. (OTCBB: BVTI), a majority-owned subsidiary of Accentia Biopharmaceuticals Inc. (NASDAQ:ABPI), today announced “highly encouraging” results for its controlled, pivotal phase 3 clinical trial of BiovaxID to treat the occasionally fatal blood cancer, indolent follicular non-Hodgkin’s lymphoma (NHL). "Although these results are blinded, this data shows two distinct populations in the study, with unequivocal evidence of a difference in disease-free survival among the two arms. This is in direct contrast to previous anti-NHL vaccine failures which showed little difference between the treatment arm and the control arm. Based on the similar pattern to our phase 2 data, we…

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WednesdayJun 11, 2008 10:56 am

AAR Corp. (AIR) A Leading Supplier of the Aviation Industry

In Wood Dale, Illinois, just a stone's throw from O’Hare International Airport, you will find the headquarters of the AAR Corporation. Self-billed as an aviation supply chain, AAR provides a gamut of services from maintenance and repair to aircraft sales and leasing. The company has more than fifty years of experience assisting both commercial and government clients with achieving goals in an efficient and cost-controlled fashion. AAR's MRO (maintenance, repair, and overhaul) capacity is one of the best in the business. With no job too big or too small, the company can accommodate the need for a single part or…

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WednesdayJun 11, 2008 10:54 am

NB Design and Licensing (NBDL.PK) Becomes Organic Alliance, Inc. (ORGC.PK) – Effective Today

Today marked the commencement of trading on Organic Alliance, Inc., formerly known as NB Design and Licensing. With the new name comes a new corporate objective; the filling of a growing void in the organic food supply industry. Led by organic farming veteran Tom Morrison, the company has taken notice of the growing demand for high-quality organic produce from a qualified source. Large conglomerates such as Costco, Safeway, Kraft, and Sara Lee are found struggling for a reliable supply of organic goods to be sold as end-product, as well as ingredients for pre-prepared organic dishes. As a partial owner of…

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WednesdayJun 11, 2008 9:58 am

CorVel Corp. (CRVL) Reports Growth in EPS

CorVel Corp (CRVL) is an independent provider of medical cost containment and managed care services. The company's services are designed to manage the medical costs of workers' compensation and other health care benefits primarily for coverage under group health and auto insurance policies. CorVel provides networks of preferred providers, claims administration, case management, utilization management, and medical bill review to more than 2,000 clients nationwide. CorVel announced on June 10, 2008 record earnings per share of $0.44 for the 1st quarter of 2008 versus $0.37 in the 1st quarter last year. Revenues in the 1st quarter were $77 million, up…

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WednesdayJun 11, 2008 7:32 am

Skinny Nutritional Corp. (SKNY.OB) – Bottling Success

Skinny Nutritional Corp. (SNKY.OB) has signed new agreements with three of the largest beverage distributors in the state of Minnesota. The deals bring Skinny Water, a new, zero-calorie, multi-functional water, to a market of five million Minnesota consumers, including the Minneapolis market, the largest city in the state. Skinny now has four Anheuser-Busch distributors as part of its distribution expansion to work with beer wholesalers around the country. Capitol Beverage Sales, L.P, Minneapolis; Thorpe Distributing Company, Rogers, Minn.; and College City Beverage, Dundas, Minn., will be carrying all five Skinny Water flavors -- and distributing them to consumers through thousands…

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WednesdayJun 11, 2008 7:07 am

LS Cable Ltd. (006260.KS) Pens $900M Merger Deal with Superior Essex Inc. (SPSX)

One day after reporting merger talks, Atlanta wire and cable maker Superior Essex Inc. (SPSX) has accepted a $900 million buyout offer from LS Cable Ltd. Superior Essex said Seoul, South Korea-based LS Cable will pay $45 a share in cash, which is a 50-percent premium over the year-to-date average closing price of Superior Essex’s common stock. LS Cable originally came to Superior Essex with a $36 a share proposal in March. Superior Essex will keep its Atlanta headquarters and will continue a previously announced global magnet wire factory restructuring. LS Cable said it doesn't plan operational changes or job…

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WednesdayJun 11, 2008 6:42 am

Douglas Lake Minerals Inc. (DLKM.OB) Continues to Add Mining Concessions and New Finds to its Mining Exploration and Development Program

When a company is working in the mining business, it needs to think on a fairly large scale. Its operations can often extend to dozens of square kilometers. When, however, a good find in an historically active mining region is found, holdings and profits can start to exceed a the common perception of reasonable land ownership and potential profit. Douglas lake Minerals Inc., an exploration and development mining company, works to locate and develop gold, silver, copper and diamond concessions. The company is currently working to develop concessions in Tanzania. In recent quarters, the company has been aggressively adding mining…

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WednesdayJun 11, 2008 6:06 am

South Texas Oil Company (STXX.OB) is Developing Domestic Resources

South Texas Oil Company is an Austin-based company that acquires, explores for, and develops domestic oil and natural gas properties. Formerly known as Nutek Oil, Inc., the company changed their name in 2005. Founded in 1998, they process their oil and sell it to Equiva, a division of Shell Oil. Trading on the OTCBB, South Texas Oil is part of the Oil and Gas Drilling and Exploration industry. Their current market capitalization is $44.17M. They have an interest in 176 wells. They own 91 well properties and related equipment in Texas. The company's sales for 2007 were $5,692,900. They have…

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