QualityStocks Stock Newsletters Archives - Page 1039 of 1818

MondayMay 19, 2008 4:25 pm

DryShips Inc. (DRYS) Reports First Quarter Results, Beats Analysts’ Net Income Estimates by 8 Cents per Share

DryShips Inc. (DRYS), the largest publicly traded global operator of dry bulk carriers, reported first quarter results that topped analysts’ estimates. The company reported net income of $176.3 million or $4.61 per share, which included a gain of $24.4 million or $0.64 per share on the sale of one vessel and a non-cash loss of $6.1 million or $0.16 per share on interest rate swap valuations. Excluding these one-time items, DryShips earned $4.13 per share vs. $4.05 consensus on revenues of $232.1 million vs. estimates of $218.6 million. “We remain confident in the positive fundamentals of the dry bulk market,”…

MondayMay 19, 2008 4:23 pm

IceWeb, Inc. (IWEB.OB) Receives Refinance Commitment Letter

IceWEB, Inc. (OTCBB:IWEB) announced today that the company received a commitment letter from Wells Fargo Business Credit. The company is looking to refinance its current accounts receivable to move towards more favorable terms. IceWeb’s current accounts receivable has grown and the line of credit that is being pursued is anticipated to also increase. The loan is expected to close in the next 45 days. "This refinancing represents a critical step forward for IceWEB in strengthening our balance sheet and improving our monthly cash flow. Moreover, we anticipate that it will represent savings of approximately $700,000 in interest expense over the…

MondayMay 19, 2008 2:14 pm

Deep Down Inc. (DPDW.OB) Reports 199% Increase in Revenues; Gross Profit up 184%

Deep Down Inc. (OTCBB: DPDW) fabricates components for subsea distribution systems, specializing in innovative solutions, engineering and related services for offshore subsea control, umbilical and pipeline industries. The company today announced its unaudited results for the first quarter ended March 31, 2008, reporting a 199 percent increase in revenues. The company posted revenue of $6.3 million for the first quarter of 2008, up 199 percent from $2.1 million reported the year prior. The company attributes the increase to its enhanced offshore subsea business and related activities, as well as its acquisitions of Mako Technologies and ElectroWave USA, which accounted for…

MondayMay 19, 2008 2:13 pm

Mymetics Corp. (MYMX.OB) Acquires Malaria Vaccine, Pursuing European Union Regulations

Vaccine development company Mymetics Corp. (OTCBB: MYMX) today announced the acquisition of a malaria vaccine from Previon Biotech AG, a privately owned Swiss biopharmaceutical company. The preventative vaccine was successfully completed in human clinical trial phases I and II in Switzerland and the UK; more studies are to follow. “We are pleased with this acquisition which allows us to start feeding a pipeline of products for the future, in addition to our preventive HIV/AIDS vaccine,” Christian J. F. Rochet, CEO and president of Mymetics Corp. stated in the press release. “There is a pressing need within the global community for…

MondayMay 19, 2008 2:01 pm

Zumiez, Inc. (ZUMZ) – Building a Retail Empire

Zumiez Inc. is a widespread action-sports outfitter with more than 300 specialty outlets in 27 states. The company's target demographic includes young men and women, ages 12 to 24, who engage in active sports lifestyles. Zumiez offers both apparel and hardware for skateboarding and snowboarding enthusiasts. The company adheres to a multi-faceted approach to marketing, anchored by strategic store placement, and an army of high-energy employees. Most Zumiez stores, which average about 2,900 square feet in size, are located in high-traffic areas. Maintaining a varied and continuous mixture of merchandise is one of the methods by which they keep customers…

MondayMay 19, 2008 11:42 am

MyECheck Inc. (MYEC.OB) Adding to .Net Shopping Cart

MyECheck, a leading provider of comprehensive, viable, alternative payment solutions to credit cards for Internet, mobile commerce and brick & mortar platforms, has integrated MyECheck services into the AspDotNetStorefront popular e-commerce platform through a partnership with CardinalCommerce, the worldwide-leading provider of enabling payment brands. AspDotNetStorefront is the first shopping cart platform to offer this technology to its merchant base, and all 3,000-plus merchants currently running the leading shopping cart platform will now have access to the most comprehensive suite of electronic check processing services in the industry. The company has been adding new merchants since the beginning of the year,…

MondayMay 19, 2008 11:40 am

CNX Gas Corp. (CXG) – Hoping to Cash in On Offset Credits

CNX Gas Corp. (CXG) is registering with the Chicago Climate Exchange (CCX), a voluntary market for the registry, reduction and trading of greenhouse gases, for the ability to sell carbon offset credits. Nick DeIuliis, CXG president and CEO, said the company's participation in the exchange will have a positive impact on the business. "We'll have a significant presence with regard to the amount of offsets we provide to the Chicago Climate Exchange. We know from a cash flow and net income perspective, the dollar amount is going to be significant," he said. CNX, a spinoff of CONSOL Energy Inc. (CNX),…

MondayMay 19, 2008 11:34 am

Aldagen Prepares for IPO

Key venture backers of Aldagen may find something extra in their cash-out envelopes if the small biotech company is successful with its plans for an initial public offering. Even as the company's U.S. Securities & Exchange Commission registration statement was being drafted in April, Aldagen sold 17.6 million shares of preferred stock at $1.04 each to a group of its long-standing venture investors and their various affiliates, including Durham-based Intersouth Partners. Those preferred shares will convert to common stock on a 1-to-1 basis when Aldagen, formerly StemCo Biomedical, offers up its IPO shares - first to roadshow investors and then…

MondayMay 19, 2008 11:24 am

Hovnanian Enterprises Inc. (HOV) Rebuilds Their Capital Base

Hovnanian Enterprises (HOV:NYSE) is a New Jersey homebuilder founded in 1959 by the Hovnanian family. The company designs, constructs, and sells single-family detached homes, attached townhomes and condos, along with active adult homes and other types of condos. The company offers homes for sale in 431 communities, 47 markets, and 19 states in the United States. Hovnanian, like most of the other homebuilders, has been at the epicenter of the current economic slowdown. Despite numerous interest rate cuts and other measures by the Federal Reserve, homebuilders like Hovnanian remain in the doldrums. Their latest earnings report, released on May 5th,…

MondayMay 19, 2008 8:49 am

Skinny Nutritional Corp. (SKNY.OB) and Lukoil Americas Form Distribution Partnership

Skinny Nutritional, the exclusive worldwide distributor of Skinny Water, and Lukoil Americas, a wholly-owned subsidiary of Lukoil Oil Company(OTC:LUKOY) - one of the leading oil companies in the world - has agreed to a distribution and promotional partnership. The partnership will allow Lukoil to sell all five, great-tasting flavors of Skinny Water in over 120 Philadelphia area stores. Skinny Water is a zero calorie, zero sugar, zero sodium, and zero preservatives fitness and weight-management beverage for consumers who desire healthier alternatives to the high-calorie, sugar laden and sometimes fat-bloated beverages. According to the company, each beverage is blended with SuperCitrimax®…

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