MondayMay 02, 2011 1:01 pm

National Technical Systems Inc. (NTSC) Posts Record FY2011 Revenue and Q4 Loss

National Technical Systems Inc., a leading provider of engineering services, today reported financial results for the fiscal year and fourth quarter ended January 31, 2011, posting record revenues for full-year 2011. Revenues for fiscal year 2011 increased 17 percent to a record $144.1 million compared to $122.7 million in the prior year. The acquisitions of Unitek on November 30, 2009, and Mechtronic Solutions (MSI) on December 16, 2010, accounted for $10.1 million, or 8.2 percent, of the increase in revenues. Gross margin in fiscal 2011 was 27.0 percent compared to 27.7 percent in the prior fiscal year. Net income for…

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MondayMay 02, 2011 12:53 pm

Local.com Corp. (LOCM) Announces Acquisition of Krillion, Inc.

Local.com Corp., a provider of local search services on the Internet, recently announced that it has acquired Krillion, Inc., a provider of a location based product search that allows online shoppers to connect with products that are available in stores locally, with the most current information on pricing and discounts. Krillion Inc. matches up consumer product information from various retailer websites and data feeds to create the most up-to-the-minute structured index of more than 70,000+ products across numerous consumer categories, which include: appliances, baby products, computers, tools, video games, electronics, and home & garden. The data index is compromised of…

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MondayMay 02, 2011 11:58 am

AdCare Health Systems Inc. (ADK) Completes $18M Acquisition Expected to Generate 229% Increase in 2011 Revenue

AdCare Health Systems Inc., a leading skilled nursing and assisted living provider, has completed its acquisition of two skilled nursing facilities in Dublin and Marietta, Ga. The remaining third facility of this group, located near Atlanta, is expected to close by end of May – the aggregate acquisition price totals $18 million. "The acquisition of these facilities are among the some 19 facilities we've purchased or leased since we began our M&A program in the fall of 2009," Chris Brogdon, AdCare's vice chairman and chief acquisitions officer stated in the press release. "These latest facilities significantly expand our presence in…

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MondayMay 02, 2011 10:38 am

IRIDEX Corp. (IRIX) Granted Major Patent to Assist in Eye Surgery

While IRIDEX was only founded in 1989, they have already established a reputation as a worldwide leader in developing, manufacturing, and marketing innovative and versatile laser-based medical systems and delivery services. Today, IRIDEX took a major step towards prominence when they were granted a U.S. Patent for the Stepped Angle EndoProbe handpiece design which is utilized in eye surgery. The patent, No. 7,909,816 is entitled “Directional Probe Treatment Apparatus.” This patent applies to a number of consumable medical devices already in the IRIDEX product line collectively known as Stepped Angled EndoProbe laser handpieces. The patented Stepped Angled EndoProbe is a…

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MondayMay 02, 2011 10:18 am

Callidus Software Inc. (CALD) Introduces New Mobile Sales Coach

Callidus Software Inc. recently announced the launch of MySalesCoach, a new sales coaching app for mobile devices. The app is based on Callidus ForceLogix SalesForce Optimizer, and will be available on iPad and Android systems beginning in the second quarter of 2011. Callidus Software is a supplier of Sales Performance Management software, helping businesses coach sales employees, track sales team performance and provide visibility into operations and financial performance. Callidus software is used in such industries as high tech, communications, banking, insurance and pharmaceuticals. The new MySalesCoach application allows a business sales force to collaborate on sales, as well as…

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MondayMay 02, 2011 10:15 am

Ace Marketing & Promotions, Inc. (AMKT) Signs Agreement for Mall Advertising Project

Ace Marketing & Promotions, Inc. announced recently that they have signed an exclusive rights agreement with a top mall developer to create a location-based mobile marketing platform called “Mobiquity Networks.” The 50-mall agreement runs through December of 2015. This new alliance will give advertisers the opportunity to reach millions of patrons per month with mobile digital content and offers. Mobiquity Networks will work with Eye Corp, the U.S. largest mall advertiser, through exclusive agreement to build a location-based mobile marketing network throughout Eye Corp's Mall Advertising network. Mobiquity Networks will deliver digital content and offers to shoppers on their mobile…

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MondayMay 02, 2011 10:13 am

Ultralife Corp. (ULBI) Announces $2.7M Settlement Charge with U.S. Government

Ultralife Corp., a portable power solutions and electronics systems provider, Friday announced that its first quarter 2011 results will include a $2.7 million charge, which will be accounted for as a reduction to revenues. The charge reflects a proposed settlement with the U.S. Government related to three exigent contracts that were completed between 2003 and 2004. As noted in the company’s 10k filing for the period ended December 31, 2010, the company received a proposed settlement from the U.S. Attorney’s Office in regards to ongoing discussions the company has for three exigent, non-bid contracts with the U.S. Government that have…

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MondayMay 02, 2011 9:34 am

Got Friends? QualityStocks Gains Over 10,000 Facebook Friends and Over 60,000 Twitter Followers

QualityStocks is very pleased to announce today that its Facebook account has surpassed the 10,000 mark. Keeping investors up to date on everything related to the micro-cap and small-cap markets, QualityStocks' Facebook account has quickly become a leading source of market information among traders and investors alike. Jonathan Keim, Director of Communications, commented, "Our team has experienced unparalleled success with Twitter as well. Last month we hit 60,000 followers and the number continues to rise at an astonishing rate. The response from our social networking activities has been overwhelming, but we're thrilled to be making such a huge impact on…

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MondayMay 02, 2011 8:27 am

SGD Holdings, Ltd. (SGDH) Announces 3,967% Increase in Subsidiary’s Revenues and Change to Calendar Year

SGD Holdings, Ltd., parent company of premier environmentally friendly paper products manufacturer EcoPaper, Inc., was very pleased to announce today that EcoPaper posted record revenues exceeding $3.4 million for the year ended December 31, 2010. This compares to sales of $84,697 for the prior year. SGD Holdings also announced a change to its calendar year so it would coincide with the EcoPaper, Inc. reporting year. According to the press release, further gains in profitability and revenues are anticipated this year as the company continues to grow while carefully managing its alliances with strategic partners and controlling its costs. Let us…

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FridayApr 29, 2011 4:13 pm

Tri-Tech Holding Inc. (TRIT) to Attend 2nd Beijing International Disaster Reduction and Emergency Technology & Equipment Expo

Tri-Tech Holding Inc., a company that develops and implements integrated hardware and software solutions to aid Chinese government institutions monitor and manage natural and municipal water supplies, has announced that the Company will be attending the 2nd Beijing International Disaster Reduction and Emergency Technology & Equipment Expo held at the China World Trade Center in Beijing from May 8-10th, 2011. The theme of the expo this year will be to “promote industrial development and contingencies for disaster prevention and relief.” Tri-Tech will be presenting its proprietary products and systems, which includes the mountain torrent monitoring and warning system platforms. Also…

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