QualityStocks Stock Newsletters Archives - Page 224 of 1818

MondayMay 23, 2011 5:29 pm

Orckit Communications (ORCT) Posts Narrowed Q1 Loss, Revises 2011 Guidance Upward

Orckit Communications Ltd. today reported results for the first quarter ended March 31, 2011, and revised its revenue guidance for calendar 2011. Revenues in the first quarter of 2011 were $4.6 million as compared to $1.6 million reported in the comparable quarter last year. Izhak Tamir, chairman and president of Orckit, said the revenue was driven by a growing installed base of service providers from around the world. Net loss for the quarter ended March 31, 2011, was $6.0 million, or $(0.27) per share, compared to $6.1 million, or $(0.37) per share, for the first quarter of 2010. Orckit also…

MondayMay 23, 2011 3:04 pm

GreenHouse Holdings, Inc. (GRHU) Finalizes Acquisition of Control Engineering Inc.

GreenHouse Holdings, Inc., a provider of energy efficiency products and sustainable facilities solutions to various markets in the US and abroad, has announced that it has fully completed its acquisition of Control Engineering, Inc. (CEI), based in Costa Mesa, CA. CEI is a provider of control and automation solutions, which include engineering, integration, and installation services. The CEI team specializes in multiple technologies and applications with a client base that includes recognizable brands from a vast range of industries that include AECOM, Coca-Cola, Fluor, AMGEN, and Occidental Petroleum. GreenHouse is an accomplished service provider of Southern California Edison’s Auto-DR program,…

MondayMay 23, 2011 3:02 pm

Mortgage Market Makes Amends Causing Foreclosure Data to Improve

A lower number of mortgages were in foreclosure or delinquent for the first quarter, in accordance with the data that was released by the Mortgage Bankers Association last week. In the group’s National Delinquency Survey, it was stated that 12.31% of mortgages were in foreclosure or were at least one payment past due for the first quarter, a decline from 13.6% in the fourth quarter, on a non-seasonally adjusted basis. For the first quarter of 2010, the collective percentage of the mortgages either in foreclosure or in delinquent was 14.01%. In the meantime, the percentage of mortgages somewhere in the…

MondayMay 23, 2011 2:38 pm

Blugrass Energy Inc. (BLUGD) Reports on Potential Oil and Gas Acquisition

Blugrass Energy Inc. reported that the company is negotiating the purchase of producing oil and gas leasehold located in the United States. The company estimates that the properties provide $400,000 in monthly revenue to the current owners. Blugrass Energy said that it is looking to acquire a non-operating minority interest in the properties, which are located in Texas and Oklahoma. The acreage has more than ninety producing oil and gas wells and the minority interest on these wells range from 2% to 7% each. A report by an independent petroleum engineering firm assigned a PV-10 value of $50 million to…

MondayMay 23, 2011 2:35 pm

Green Technology Solutions, Inc. (GTSO) Signs Letter of Intent with Ar Erkhes, Begins to Excavate and Ship Rare Earth Ores

Green Technology Solutions, the innovative clean mining company with specific proficiencies in recovering rare earth, gold and other materials without the typical environmental impact associated with such recovery, reported today the signing of a letter of intent with Ar Erkhes, LLC, whereby GTSO will participate in a profit arrangement focused on excavating and shipping rare earth ores out of Mongolia and into South Korea. This move comes fast on the heels China’s own move to limit output of rare earths and would effectively leap frog the deliberate limitations placed by China, which represents 95% of global supplies despite having only…

MondayMay 23, 2011 2:06 pm

Global Telecom (GTLT) to Fatten Customer Base and Portfolio with $20M PacketExchange Acquisition

Global Telecom & Technology Inc., a global telecommunications carrier and leading network integrator, today announced it will acquire privately held, UK-based PacketExchange, a provider of customized Ethernet network solutions, for $20 million in cash and assumed debt. The deal reflects GTT’s growth strategy for global expansion through organic growth and strategic acquisitions, and will result in a broader customer base of more than 1,200 clients worldwide, as well as an expanded portfolio of data services and offerings. “GTT has experience seamlessly integrating complex telecom acquisitions, and the process with PacketExchange, already underway, will be no different. This is another example…

MondayMay 23, 2011 1:48 pm

TheraBiogen, Inc. (TRAB) is “One to Watch”

Founded in 2000, TheraBiogen, Inc. is the manufacturer and distributor of homeopathic nasal sprays for aiding in the relief of colds, the flu and allergies. The Company makes their products from natural, homeopathic ingredients and they contain no zinc. Their Theramax® products represent a decision to improve significantly the benefits of cold, flu and allergy products currently on the market. TheraBiogen, Inc. works to create advanced strategic combinations of active ingredients in a manner never accomplished before. The Company offers their Theramax® Cold & Flu Relief and Theramax® Allergy Relief for fast symptom alleviation. The Company has been selling TheraMax®…

MondayMay 23, 2011 12:20 pm

American Standard Energy Corp. (ASEN) Reports Major Revenue and Acreage Expansion for First Quarter

American Standard Energy, an independent oil and natural gas exploration and development company with producing properties in Texas and North Dakota, has announced major revenue growth for the first quarter of 2011. The company reported first quarter oil and gas revenues of $2,388,493. The figure represents a 209% increase over revenues for the fourth quarter of 2010, and a 1,169% increase over the $188,122 revenue reported for the first quarter of 2010, before the impact of subsequent acquisitions. The increase was due to a growth in well production, and was accompanied by major expansions in acreage and money raised through…

FridayMay 20, 2011 5:05 pm

China HGS (HGSH) Posts Solid Q2 Performance with 88% Earnings Increase

China HGS Real Estate Inc., a leading residential property developer in China’s southern Shaanxi province, today reported financial results for the fiscal second quarter of its 2011 business year ended March 31, 2011, posting an 88 percent increase in earnings. Revenue for the second quarter jumped to $26.2 million compared to revenue of $13.9 million reported in the second quarter of 2010. Gross profit increased 124.5 percent to $12.7 million in the second quarter of 2011 compared to $12.7 million the comparable quarter of 2010. Gross margin was 48.4 percent compared to 40.6 percent in the same period of 2010.…

FridayMay 20, 2011 5:04 pm

Evolving Systems, Inc. (EVOL) Board of Directors Authorizes Share Repurchase Program

Evolving Systems, Inc., a provider of software solutions and services to the wireless, wireline, and Internet protocol (IP) carrier markets, has announced that its Board of Directors has approved a share repurchasing program for up to $5.0 million in aggregate of the Company’s common stock. Beginning May 20, 2011 and continuing through December 31, 2011, the Company expects to make purchases from time to time at prevailing market prices either through privately negotiated transactions or in the open market. The size and the timing for these purchases, if any, will be based upon business and market conditions, as well as…

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