WednesdayApr 01, 2009 5:07 am

When It Comes to IRAs, Know Your Limits

In recent years, IRAs have become the single largest vehicle for retirement savings in the United States. At the end of 2007, IRAs held $4.8 trillion in retirement savings, whereas employer-sponsored defined-contribution plans like the 401(k) held $3.5 trillion and defined-benefit plans (traditional pensions) held $2.3 trillion. As a retirement savings vehicle, the IRA has become more attractive with age. When IRAs were created in 1974, the annual contribution limit was $1,500. In 2009, workers can contribute up to $5,000 to all IRAs combined, and those 50 and older can contribute an additional $1,000 in catch-up contributions. Contributing the maximum…

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TuesdayMar 31, 2009 8:58 am

IMI Global (INMG.OB) Announces Q4 and Year-End Results for 2008, Marking First Profitable Year

Integrated Management Information Inc. (IMI Global) (INMG.OB) provides verification and Internet solutions to the agriculture industry, and has become a leading agricultural organization in the United States. The company recently announced its fourth-quarter and year-end results for the period ended December 31, 2008. Revenues for the fourth quarter rose 23% to $634,500, up from $515,900 in the same quarter of 2007. IMI Global attributes this to strong demand for its USVerified and relative hardware solutions. The company also decreased its selling, general and administrative expenses by 41%, posted at $318,800 from $448,200 in the same quarter last year. While the…

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TuesdayMar 31, 2009 7:13 am

Energy Composites Corp. (ENCC.OB) Launches WindFiber Program

Today, Energy Composites Corporation announced that it has launched its comprehensive WindFiber™ composites-in-wind-energy program. Sam Fairchild, ECC’s CEO, stated, “Our comprehensive strategy platform -- which we have named WindFiber™ -- brings us full square into delivering value across all three channels: manufacturing the advanced composite structures for wind energy systems; servicing the composite components of wind energy systems as a composites Maintenance, Repair and Overhaul (MRO) contractor to integrators and wind farm operators; and supplying composites-related raw materials and material and technology innovations to the wind energy sector.” He added, “We believe that composites play an increasingly important role in…

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TuesdayMar 31, 2009 7:02 am

Stem Cell Therapy International, Inc. (SCII.OB) Prepared to Repeat Histostem’s Success in South Korea on an International Scale

Stem Cell Therapy International, Inc. - soon to be known as AmStem International after merging with Histostem Ltd, of South Korea – was proud to announce this morning that the company is now ready to replicate, on an international scale, the successful Stem Cell Leadership Program developed by Dr. Hoon Han in South Korea. Stem Cell Therapy and Histostem Ltd. management will work together to establish a dynamic system of stem cell collection, storage, research and therapeutic services, based on the proven success of Histostem, Ltd. in Asia. "We will be creating a mentoring system from AmStem's proprietary technologies (as…

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MondayMar 30, 2009 7:34 am

CHDT Corp. (CHDO.OB) Posts Triple-Digit Revenue Increases in 2008, as well as $1.5M Backlog for 2009

CHDT Corp. (CHDO.OB) is a Florida-based management company focused on the operations and direction of its numerous subsidiaries, specializing on designing and manufacturing consumer products for the North American retail market. The company today posted its fourth-quarter and full-year financials for the period ended December 31, 2008, reporting significant increases across the board, fueled by new products and a sturdy management team. CHDT reported revenue for the fourth quarter at $2.39 million, up 76% from the $1.35 million reported for the same period last year. Year-end revenue soared 134% to $6.61 million, up from $2.82 million reported in 2007. Howard…

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MondayMar 30, 2009 7:24 am

Life Vantage Corp. (LFVN) Shows What a Solid Marketing Plan Can Do

A good sales person can sell almost anything with the right “pitch” and strategy. Add a little selling power behind that pitch and an American will buy almost anything without really thinking about it. This may seem a bit cynical, but we’re not even talking about pet rocks. A company with a decent product and a strong proven marketing plan is a company to pay attention to if profit is the plan. Life Vantage Corp., a direct to consumer seller of enzyme vitamin products, works to market vitamin products through home and celebrity methods. The company’s primary product, Protandim, is…

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MondayMar 30, 2009 6:12 am

MagneGas Corp. (MNGA.OB) Opens Equipment Sales Channel with First Manufacturer’s Rep Agreement

MagneGas Corporation, a producer of a metal cutting fuel and natural gas alternative made from liquid waste, announced before the opening bell that it has signed its first manufacturer's rep agreement. The agreement with Pennsylvania-based George KELSO Company, LLC ("KELSO") immediately opens an equipment sales channel to much of the Mid-Atlantic Region, including southern New Jersey, eastern Pennsylvania, Maryland, Delaware, Washington D.C. and its five surrounding counties. KELSO will now be selling all base equipment, peripherals and by-products associated with the MagneGas Plasma Arc Flow(TM) technology to municipalities and other industrial end users such as manufacturing companies. The first objective…

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MondayMar 30, 2009 6:06 am

Ethos Environmental, Inc. (ETEV.OB) Improves Proprietary Fuel Catalyst Blend, Commences Stringent Testing

Ethos Environmental, Inc. announced today that it has improved its flagship fuel catalyst by adding an additional ingredient. The new product has been branded under the label EthosFR+. CEO Corey P. Schlossmann commented, "The new EthosFR+ formula will continue to have its existing compounds, however we have added a new ingredient that we believe dramatically bolsters the product's performance in gas and diesel engines." The efficacies of this new blend are currently being tested at the California Environmental Engineering (CEE) Laboratory - Center for Environmental Research in Santa Ana, California. This laboratory is Environmental Protection Agency (EPA) recognized and California…

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MondayMar 30, 2009 5:55 am

Juma Technology Corp. (JUMT.OB) Reports Earnings Results for 2008

Juma Technology Corp., a leading IP Convergence firm, announced its financial results for the full year ended December 31, 2008. Revenues for the year increased $8,783,689, or 70%, to $21,370,692, compared with the previous year’s revenues of $12,587,003. Gross margin for 2008 increased $2,335,325, or 154%, to $3,851,396, compared to the previous year’s $1,516,071. Although the company recorded a net loss of $9,031,143 for 2008, it was a significant improvement over 2007’s net loss of $15,861,359. "Juma's impressive year end earnings represent a strong validation for our company, its vision and our ability to execute flawlessly on our business plan,"…

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FridayMar 27, 2009 9:53 am

CTI Group Inc. (CTIG.OB) Posts 12-Month Financial Results, Posting Significant Increases in Revenue and Net Income

CTI Group Inc. (CTIG.OB) today announced its financial results for the year ended December 31, 2008, posting increases in revenues and profitability due to increased patent license fee and enforcement revenue. Revenues for the 12 months rose to $22.5 million, up from $21.3 million reported for the same period in 2007. John Birbeck, CTI Group's president and CEO, said the results signify the strength of the company’s business strategy. "I am greatly encouraged by our reported increase in revenues and increased profitability for 2008 which demonstrates the benefits of our mixed services and license based business model in difficult times.…

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