QualityStocks Stock Newsletters Archives - Page 558 of 1818

ThursdayApr 01, 2010 3:07 pm

Increased Product Demand Drives China Clean Energy (CCGY.OB) Healthy Q4, FY Financials

China Clean Energy Inc. operates through its subsidiaries to produce biodiesel and environmentally friendly specialty-chemical products made from renewable resources in China. The company today reported its financial results for the fourth quarter and fiscal year ended December 31, 2009, posting solid growth and increased demand for its products. Revenue for the fourth quarter was $4.9 million, up 18.5 percent from the fourth quarter of 2008. The company attributes the increase primarily to the 53.2% year-over-year increase in sales volume of specialty- chemical products. Gross profit in the fourth quarter of 2009 was $896,933, up 52.4 percent from the comparable…

ThursdayApr 01, 2010 2:11 pm

Air Transport Services Group Inc. (ATSG) Appoints Seasoned Industry Veteran to Management Team

Air Transport Services Group Inc. is a leading provider of air cargo transportation services, operating through five subsidiaries, including three airlines. The company recently appointed Rich Corrado to the positions of chief commercial officer of ATSG and president of subsidiary Cargo Aircraft Management Inc. (CAM). Corrado’s industry experience will support his responsibility of leading the sales and marketing strategy, as well as the execution for the ATSG family of companies and his responsibilities for CAM. "Rich's knowledge of business development, sales management and strategic planning--paired with his specific industry experience--will be a great asset for us," ATSG CEO and President…

ThursdayApr 01, 2010 2:04 pm

SatMAX Corp. (SATM.PK) Signs Marketing LOI with AvStar Aviation

SatMAX Corp. Houston based producer of advanced non-line-of-sight systems for satellite communications, announced recently that it has signed a letter of intent with AvStar Aviation Group, Inc., allowing AvStar to market the SatMAX® satellite communications repeaters and testing equipment to the commercial helicopter maintenance industry. Wireless satellite telephone communications requires a direct line-of-sight connection between the user and the satellite to create the link between the handheld satellite phone and the orbiting satellite. This line-of-sight connection is interrupted when a user steps indoors. SatMAX repeater technology overcomes this line-of-sight requirement, allowing users much more flexible communication. The agreement, estimated at…

ThursdayApr 01, 2010 1:59 pm

Juhl Wind, Inc. (JUHL.OB) Annual Results Blow in Huge Revenues

Juhl Wind Inc., the national leader in community based wind power development and management, today announced annual financial results for the year ended December 31, 2009, showing substantial growth in its project base and revenue. The high point of the results was a huge 777% increase in revenue, to $11,676,000 from the $1,331,000 reported for the year ended December 31, 2008. The large increase was due primarily to nearly $8 million in construction contract revenue from two wind farm construction projects during the fourth quarter of 2009. The projects were roughly 80% to 90% completed at the time of reporting,…

ThursdayApr 01, 2010 10:12 am

Phoenix International Ventures, Inc. (PIVN.OB) Achieves Record High Revenues

Phoenix International Ventures, Inc., based in Carson City, NV, announced this morning that their 2009 year end results showed revenues up 67% from the previous year to an all-time high of nearly $3.7 million. Phoenix also announced that their backlog grew to $8.3 million, which is an increase of 45% over the year ending Dec 31, 2008. Other areas of financial growth for Phoenix were reflected in overall gross profit, which grew 12.9%, up $125,589 from the previous year, and a decrease in net loss. Ahir Teja, President and CEO of Phoenix, was quoted as saying: “In 2009, we continued…

ThursdayApr 01, 2010 10:08 am

Legend Media’s (LEGE.OB) Subsidiary Enters into Major Advertising Contract with Beijing Zhongchauan AuMedia Advertising Co., Ltd.

Headquartered in Beijing, Legend Media is a leading China advertising company that is focused on selling advertising that reaches affluent customers in China through major airline magazines and radio channels in key districts of China. Today, Legend took a major step towards enhancing their future with the announcement their subsidiary Beijing Yin Se Ling Dong Advertising Co. Ltd. has signed a major advertising contract. The contract signed by the Legend subsidiary is with Beijing Zhongchuan AuMedia Advertising Media Co., which is the designated advertising agent of Beijing Fortune Real Estate Development Group. The amount of the deal is $347,747 US…

ThursdayApr 01, 2010 10:05 am

Razor Resources, Inc. (RZOR.OB) Closes Purchase of the Clavo Rico Gold Mine in Honduras

Razor Resources, Inc., a development stage company that specializes in acquiring mineral claims and exploring mineral claim properties, recently announced that it has closed the acquisition of 99 percent of Compania Minera Cerros Del Sur, S.A., which owns gold mining concessions and producing gold mines covering 200 hectares in Honduras. Under the terms of the acquisition, Razor Resources will issue 34 million shares of common stock to the shareholders of Compania Minera Cerros Del Sur, S.A. The most well-known mine in the acquisition is “Clavo Rico Mine,” which has been producing gold since the 1500s and is currently producing gold…

ThursdayApr 01, 2010 10:03 am

Lifeway Foods, Inc. (LWAY) Reports Large Increase in 2009 Net Income

Lifeway Foods, Inc. reported net income of $5.6 million, or $0.33 per share, in 2009. This was a large increase from the $1.9 million, or $0.11 per share, reported in 2008. Lifeway Foods, Inc. reported revenues of $58.1 million in 2009, up 31% from $44.6 million in 2008. The company reported that gross profit nearly doubled over the same time frame, from $12.7 million in 2008 to $20.8 million in 2009. Julie Smolyansky, the CEO of Lifeway Foods, Inc., said, “We are extremely pleased at our 2009 results as the year was a very exciting one for us. We had…

ThursdayApr 01, 2010 10:01 am

Magnum Hunter Resources Corp. (MHR) Reports Strong Increase in Production

Magnum Hunter Resources Corp. released an operational update on its oil and gas properties for the full year 2009. The company drilled 33 gross wells during the year. Magnum Hunter Resources Corporation reported average daily production of 703 barrels of oil equivalent (BOE) in 2009, a 23% increase over the 572 BOE of average daily production in 2008. The company said that this production was composed of 70% crude oil and 30% natural gas liquids. Magnum Hunter Resources Corporation attributed the strong increase in production to the development of the Mohall Madison field of North Dakota. Magnum Hunter Resources Corporation…

ThursdayApr 01, 2010 9:59 am

PolyMedix, Inc. (PYMX.OB) Secures $14 Million Credit Facility and Files Shelf Registration Statement

PolyMedix Inc. is a biotechnology company focused on the development of new therapeutic drugs for the treatment of acute cardiovascular disorders and infectious diseases. The company's compounds are based on biomimetics: non-peptide small molecule drug candidates and polymers that mimic the activity of proteins. The company announced today that it has secured a $14 million credit facility with Hercules Technology II L.P. Hercules Technology is an affiliate of Hercules Technology Growth Capital Inc. (NASDAQ: HTGC), a specialty finance company providing debt and equity growth capital to technology and life science companies at all stages of development. PloyMedix expects that the…

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