TuesdayNov 03, 2009 9:14 am

API Technologies Corp. (ATNY.OB) Secures $1.4 Million in New Orders

API Technologies Corp., a leading provider of innovative design, engineering and manufacturing solutions for electronic components and subsystems to the global defense and aerospace industry, recently announced that the company has secured two new orders totaling over $1.4 million for its industry-leading communications components and sensors. Received by API’s National Hybrid (“NHI”) division in Long Island, New York, these new orders, from two large international companies, are for NHI’s leading 1553 DataBus and custom hybrid circuits. NHI is a leading provider of communications products and custom hybrids to the defense, aerospace and technology industries. API’s current customers include the U.S.…

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TuesdayNov 03, 2009 9:13 am

Park-Ohio Holdings Corp. (PKOH) Reports Loss in Third Quarter

Park-Ohio Holdings Corp. reported a net loss for the third quarter of 2009 totaling $3.2 million, or $0.29 per share, as the recession continued to impact the company’s operations. This was an improvement over the net loss of $9.1 million, or $0.82 per share, reported in the same quarter in 2008. Revenues were $186.1 million in the quarter, down sharply from the $266.1 million in the third quarter of 2008. “The most difficult period in the company’s history has been addressed and we look forward to the next 18 months,” said Edward Crawford, the CEO of Park-Ohio Holdings Corp. Park-Ohio…

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MondayNov 02, 2009 4:02 pm

Iteris Inc. (ITI) Awarded $2.27M Contract for Technology Integration from City of Corona

Iteris Inc., a leader in traffic management for the development and application of advanced technologies, today announced it has been awarded a $2.27 million contract from the City of Corona for the integration of the Advanced Traffic Management System (ATMS) phase 2 Project. The project is based on the city’s existing phase 1 project, which Iteris completed in 2003. According to the press release, phase 2 will improve transportation management while incorporating additional stakeholders in the Corona region. Phase 2 will include numerous intelligent transportation systems (ITS) hardware and software components, as well as Iteris’ experience in the market. "Iteris…

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MondayNov 02, 2009 4:01 pm

Power 3 Medical Products, Inc. (PWRM.OB) Up 31.65% After Recent Coverage in QualityStocks Newsletter

Power 3 Medical Products Inc.’s stock is currently trading at $0.10 a share, up $0.021 or 26.58% for the day. The shares today touched an intraday high of $0.11 and have traded higher on heavy volume of nearly 8 million shares, well above the average volume of just over 4 million shares. The company was highlighted in the August 25th edition of QualityStocks' FREE Daily Newsletter at a price of only $0.024 per share. Anyone purchasing those shares after seeing the stock in the newsletter is sitting on a gain of more than 300%! Power 3 Medical Products is a…

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MondayNov 02, 2009 12:59 pm

Ironclad Performance Wear Corp. (ICPW.OB) and 5.11 Tactical Team Up to Produce Task-Specific Gloves

Leading high-performance apparel producer Ironclad Performance Wear Corporation announced today that it has entered into a long-term development and supply agreement with 5.11 Tactical® to develop task-specific gloves for law enforcement professionals. The agreement combines Ironclad’s renowned technical glove expertise and the superior market understanding and distribution capabilities of 5.11 Tactical. With design and production of 5.11 Tactical's gloves already underway, they are expected to be widely available in early 2010. Under the terms of the agreement, Ironclad will exclusively design and manufacture the full line of task-specific gloves to be sold, marketed, and distributed worldwide by 5.11 Tactical. The…

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MondayNov 02, 2009 12:41 pm

Looking Forward can be Profitable

As the market has found a move in recent months many have speculated that easy opportunities for profit are quickly drying up. In a general sense, this may be true. There are, however, many opportunities available if the right perspective is used. Resource options, such as QualityStocks, can help in this regard as they use the old baseball adage "hit 'em where they ain't." The easy profits coming off the recent decline may be gone but there are sectors that are still in the doldrums and will, eventually, return to profitability. Energy and health are perhaps the best opportunities, with…

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MondayNov 02, 2009 12:35 pm

Construction Spending Rises .08 Percent during September

Report better-than-expected with largest housing construction increase in 6 years The Commerce Department reported that total construction spending was up 0.8 percent in September, surprising the street since analysts had forecasted a 0.3 percent drop. August numbers were revised down to show a 0.1 percent drop rather the 0.8 percent gain first reported. The increase was driven by the largest jump in housing construction in more than six years. As the economy struggles to emerge from the worst recession since the 1930s, many are hoping that housing has bottomed. The 3.9% increase in spending and residential construction is the largest…

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MondayNov 02, 2009 10:57 am

AMCON Distribution Co. (DIT) Acquires New Stores in Arkansas’ Northwest

AMCON Distributing Company and its wholly-owned subsidiaries moved to consolidate in the Northwest Arkansas wholesale distribution market by the acquisition of Discount Distributors from Harps Food Stores Inc. AMCON CEO Christopher H. Atayan explained that the good infrastructure Discount Distributors (DD) has created would be a welcome addition to AMCON’s bottom line. Atayan stressed that the “excellent long-term relationships” developed by DD management would fit nicely with AMCON’s “service oriented culture.” Sales on the assets for 2008 were approximately $59.8 million: Atayan beamed over this synergistic relationships’ inevitable success, saying “Our reliable service and expanded product offerings enhance the range…

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MondayNov 02, 2009 10:55 am

AMG Oil Ltd. (AMGO.OB) Awarded Additional Oil License Offshore Israel

AMG Oil Ltd., through its wholly-owned subsidiary Adira Energy Corporation, explores for oil and gas in Israel. The company currently holds three petroleum exploration licenses covering an aggregate total of approximately 160,550 acres – the Eitan license area, which is located in the Hula Valley, and the Gabriella license, located offshore Israel, along with the newly-acquired Yitzhak license. The company continues to plan for the start of its exploration and drilling program in the Hula Valley in northern Israel. AMG has completed purchase of the drill rig and associated equipment and they are in the process of moving the rig…

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MondayNov 02, 2009 10:20 am

American Apparel, Inc. (APP) Announces Grand Opening of New Store in Oak Brook, IL

American Apparel, a vertically integrated manufacturer, distributor and retailer of branded fashion basic apparel based in downtown Los Angeles, California, recently announced that the company has opened a new 2,200-square foot store in Oakbrook Center, one of the largest outdoor malls in the country. With a large storefront and prime center court location in the mall, American Apparel’s window displays stretch nearly 60 feet and are filled with the company’s signature line of sweatshop-free, domestically produced apparel. Approximately 15 additional staff members will be hired for this store, bringing the company's total staff in the Chicago area to more than…

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