QualityStocks Stock Newsletters Archives - Page 372 of 1818

TuesdayNov 02, 2010 10:01 am

Manhattan Bancorp (MNHN.OB) Announces Third-Quarter Results and Strong Financial Position

Manhattan Bancorp, the holding company of Bank of Manhattan, N. A. and MBFS Holdings, Inc., which owns a majority interest in Banc of Manhattan Capital, LLC, and Manhattan Capital Markets, LLC, announced today their third-quarter results and the strong financial position of their balance sheets as of September 30, 2010. Financial highlights as of, or for the nine-month period ended September 30, 2010, compared to September 30, 2009 include capital ratios exceeding the levels required to be considered “well-capitalized” under generally applicable regulatory guidelines (the highest level determined by the regulatory agencies), with a Total Risk-Based Capital Ratio of 27.7…

TuesdayNov 02, 2010 8:13 am

Access Pharmaceuticals, Inc. (ACCP.OB) Award Seven of Eight Section 48D Grants Totaling $1.5 Million

Access Pharmaceuticals, Inc. announced that it has been awarded seven different government grants, totaling $1.5 million, for the continued development of their biotechnology therapies. The grants are a result of the Patient Protection and Affordable Care Act which was signed into law by President Barrack Obama on March 23rd of this year. The Act, which levels the playing field to some extent for small to mid-size companies, created a new Internal Revenue Code Section 48D and provides some financial relief for companies with new therapies that show significant potential to address areas of unmet medical need, or prevent, detect, or…

TuesdayNov 02, 2010 8:10 am

Vibato Implements Robust Internal Controls for Worldwide and Manufacturing USA, Inc. (WEMU.OB)

Today, Vibato released news regarding the recent implementation of a robust internal controls framework for Worldwide Energy and Manufacturing USA, Inc. The framework was implemented at the company’s California headquarters and four additional subsidiaries located throughout China. The products will establish a comprehensive, scalable set of controls and procedures to support Worldwide's Sarbanes-Oxley, Section 404(a) and (b) compliance requirements. Vibato performed an on-site implementation that included a risk assessment, best-practice controls implementation and risk mitigation, segregation of duties analysis, and complete supplemental documentation. Training, language translation, and remediation assistance were also provided. This scalable approach provides standardized controls across locations,…

TuesdayNov 02, 2010 8:09 am

Kansas City Life Insurance Company (KCLI) Reports Third Quarter Results

Kansas City Life Insurance Company reported a slight decline in net income for the third quarter of 2010 ending September 30, 2010. Management attributed the decline to lower investment income, higher income tax expense and increased amortization of certain intangible accounts. Kansas City Life Insurance Company reported net income of $4.5 million, or $0.39 per share, in the third quarter of 2010. The company reported net income of $5.2 million, or $0.45 per share, in the same quarter of 2009. Kansas City Life Insurance Company said that investment income declined due to the persistent low interest rate environment, which reduced…

TuesdayNov 02, 2010 8:07 am

RAM Energy Resources, Inc. (RAME) to Sell Non Core Oil and Gas Properties

RAM Energy Resources, Inc. reported that the company has signed an agreement to sell oil and gas properties to a private exploration and production company. RAM Energy Resources, Inc. will sell the company’s properties located in Texas, including those in the Barnett Shale and Boonsville, for $43.75 million in cash. The sale is expected to close in December 2010, with an effective date of October 1, 2010. RAM Energy Resources, Inc. said that the properties are located mostly in Jack and Wise Counties, and contained proved reserves of 26.4 billion cubic feet equivalent as of 12/31/2009. This was 13% of…

MondayNov 01, 2010 2:00 pm

SkyShop Logistics (SKPN.OB) Selects TransMedia Group to Execute Public Relations Campaign

SkyShop Logistics, formerly known as SkyPostal Networks Inc., is the largest private postal network in Latin America. The company today announced it has retained TransMedia Group to head its international public relations efforts and spotlight the company’s cross-border delivery options. Per the agreement, TransMedia will work to publicize SkyShop’s expansion of its online shopping and delivery services in Latin America. The campaign will highlight SkyShop’s new partnership with SkyShop’s online shopping Portal Punto Mio. SkyShop Logistics said TransMedia’s campaigns will initially focus on the SkyShop’s new strategic partnerships with its online shopping portal PuntoMio, which offers international residents a U.S.-based…

MondayNov 01, 2010 1:59 pm

eOn Communications (EONC.OB) Posts Solid Q4 FY 2010 Financial Results

eOn Communications, a leading provider of telecommunications solutions, today reported its fourth quarter and fiscal financial results for the period ended July 31, 2010, posting an increase in revenue for both periods. The company’s fourth quarter and fiscal year results include a gain from its purchase of a majority interest in Cortelco Systems Puerto Rico for $497,000, as well as from Cortelco Systems Puerto Rico income, net of non-controlling interest, reported at $41,000 from the June 9, 2010, acquisition date through July 31, 2010. Fourth quarter revenue increased 8 percent to $5.47 million, up from $5.08 million reported in the…

MondayNov 01, 2010 10:07 am

Christopher & Banks Corp. (CBK) Video Chart for Monday, November 1, 2010

NMXC came to our attention as a result of a volume scan we ran yesterday. The chart has a nice, rounded look to it and is on radar to see if the volume was a prelude to movement. Please click the following link: http://www.qualitystocks.net/videocharts.php Let us hear your thoughts below:

MondayNov 01, 2010 9:42 am

Balqon Corp. (BLQN.OB) Will Equip Ford’s Michigan Assembly Plant with its Zero Emissions Tractors

Balqon, the developer/manufacturer of zero emissions heavy-duty electric drive systems, trucks and tractors reported today, in conjunction with logistics services provider T&K Logistics, Inc., a collaborative effort to supply Ford Motor Company’s Michigan Assembly Plant with a zero emissions transportation solution. T&K provides logistics services to Ford at the assembly plant in Wayne, Michigan and manages on-site transportation of trailers/containers. The collaborative arrangement will see 10 of BLQN’s 30 ton electric yard tractors (Model XE20) leased to T&K, resulting in improved efficiency and a substantially improved environmental profile for Ford’s Wayne facility. CEO of BLQN, Balwinder Samra, recognized Ford as…

MondayNov 01, 2010 9:34 am

Coastal Pacific Mining Corp. (CPMCF.OB) Signs Agreement for 50% Interest in Rich Peruvian Silver Property

Coastal Pacific, www.coastalpacificminingcorp.com – the precious metals firm targeting North and South America which emphasizes a joint venture-based strategy with companies that have rights to attractive reserves, reported signing of a definitive option agreement today to earn a 50% interest in the two-claim, 1200 hectare Santa Rita. Santa Rita is in Peru, about 200km southeast of Lima, located in the Acobambilla district of Huancavelica province and has been the subject of some exciting analysis since release of the Oct. 2009 NI43-101 Technical Report on the site: • Multiple veins of mineralization with high Ag (290 g/t), lead (65%) and zinc…

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