ThursdayFeb 19, 2009 9:53 am

COMSYS IT Partners, Inc. (CITP) Revenues and Net Income Reach Top End of Guidance

COMSYS IT Partners, Inc. announced this morning that its fourth quarter revenue and net income (excluding the goodwill impairment charge discussed below) were both at the top end of the range of guidance provided earlier. Revenue was $176.0 million, down 4.0% from $183.3 million during the fourth quarter of 2007, while net loss totaled $82.6 million, or $4.03 per common share, compared to net income of $8.7 million, or $0.43 per share, in the fourth quarter of 2007. The Company recorded a non-cash, after-tax goodwill impairment charge of $86.0 million, or $4.38 per share, during the fourth quarter of last…

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ThursdayFeb 19, 2009 6:54 am

Visualant, Inc. (VSUL.OB) Signs LOI to Acquire TransTech Systems, Inc.

Visualant announced today that it has entered into a Letter of Intent to acquire TransTech Systems, Inc. of Wilsonville, OR. TransTech Systems is a leading provider of identification, security and authentication products and services. With more than $10 million in annual revenues, TransTech can provide an established market presence to rapidly deploy Visualant's enhanced security and authentication solutions. Ron Erickson, Visualant Chairman, commented, “We are thrilled to be joining forces with Jim and the TransTech team. They have a great reputation for leadership in the provision of client-oriented security and authentication solutions and provide a solid base for distribution of…

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WednesdayFeb 18, 2009 1:32 pm

Crude Oil Goes Down but Gas Prices Don’t

Last week, crude oil closed down to under $34 per barrel while the national average price for a gallon of gas rose to $1.95. Most people would assume that since crude oil prices are going down that we would see fuel costs fall as well. However, this assumption is ultimately incorrect. Most consumers understand there is a correlation between fuel prices and oil, but what they fail to understand is which oil actually affects fuel prices. The crude oil figures that U.S. consumers see on television and in the paper are driven by the price of West Texas Intermediate (WTI).…

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WednesdayFeb 18, 2009 9:46 am

Diamant Art Corp. (DIAAF.OB) to Raise Global Awareness through Evolving Strategy

Diamant Art Corp. announced that through Bio-Plastics Film Inc., its wholly owned subsidiary, the company has made recent progress with various companies that have considered its plastic packaging and additive products. Diamant Art is working on increasing interest in the various products that it distributes, such as the shrink and pallet wrap, both nationally and internationally. To gain and maintain momentum on orders of ranging sizes, the company is in contact with companies around the world to widen its scope of potential clients in this challenging economy. There are a number of companies that will be completing testing of Diamant…

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WednesdayFeb 18, 2009 9:22 am

Element 21 Golf Company (ETGF.OB) Announces Tremendous Financial Results for Q4 2008

Element 21 Golf Company, the leading manufacturer of advanced Scandium Alloy golf and biofiber fishing equipment, announced that it has generated revenue of $430,651 during the quarter ended December 31, 2008, an increase of 168% compared to revenue of $255,801 in the same period in the previous year. Loss from Operations for the quarter decreased by 356% from $1,874,813 in 2007 to $526,792 in 2008. Nataliya Hearn, President and CEO of Element 21, stated, "We are continuing to grow sales at a significant rate, while cutting costs and expenses. We are fully aware of the tough economic climate in which…

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TuesdayFeb 17, 2009 11:29 am

Pluristem Therapeutics, Inc. (PSTI) Prepares Presentation for Italian CREM Workshop Focused on Placental-Derived Cells

Pluristem Therapeutics Inc., a bio-therapeutics company focused on the commercialization of unrelated donor-patient cell therapy products for a variety of disorders, announced that its Senior Scientist, Racheli Ofir, Ph.D., has been invited by the Centro di Ricerca E. Menni (CREM), Fondazione Poliambulanza, Brescia, Italy, to present at a workshop titled “Placenta-Derived Cells for Treatment of Inflammatory Diseases: Moving Toward Clinical Applications” on March 13, 2009. Zami Aberman, Chairman, President and CEO of Pluristem, commented, “The research and medical communities are very interested in the placenta as a superior source for cell therapy. This entire workshop is devoted to studies performed…

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TuesdayFeb 17, 2009 11:14 am

Gander Mountain Company (GMTN) Announces Record Sales for Fiscal 2008 Fourth Quarter

Today before the opening bell, Gander Mountain Company reported its preliminary results for the fiscal fourth quarter ended January 31, 2009. The company anticipates announcing record fiscal 2008 fourth quarter consolidated sales of approximately $333 million versus consolidated sales of $318 million for the fourth quarter of the previous year. Retail segment net income is also expected to hit record highs, totaling $23 million compared to net income of $7 million for the fourth quarter last year, a 328% increase. According to the press release, the substantial improvement resulted mainly from increased product margins and decreased SG&A costs. David C.…

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TuesdayFeb 17, 2009 7:26 am

Hunt Gold Corp. (HGLC.PK) Appoints Experienced Individuals to Further Strengthen the Company

Recently, Hunt Gold Corp. appointed Frederick J J Blaauw as its Non Executive Chairman and Mr. Patrick F. O’Hara as its Senior Geochemist. Both men have a huge wealth of knowledge and experience, and play key roles within the company. Mr. Blaauw earned his B.Sc in Mining Engineering from the University of the Witwatersrand in South Africa and has served at the highest Managerial Level of many of the world’s foremost mining companies. Previously, he was a Principal and Co-Founder of Resources International which provided more than $650 million in funding to mining projects. Mr. O’Hara brings more than three…

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TuesdayFeb 17, 2009 6:10 am

Axial Vector Energy Corp. (AXVC.PK) has Developed Incredibly Efficient Electric Generators

Axial Vector Energy Corp. has designed a revolutionary product line of high-power “Axial Flux” coreless electric generators that boast an incredible 98.5% efficiency rate in converting mechanical energy to electrical power. Because of their advanced design and high efficiency, the generators have virtually limitless potential in the high-end generator market. Some of the many advantages offered by Axial Vector’s generators include: lower installation and operating costs, computerized monitoring systems that continually identify and enforce ideal engine speeds and other engine parameters, an estimated 40,000 hours of run-time between major engine overhauls, small size and easy mobility, and the ability to…

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FridayFeb 13, 2009 2:03 pm

Endeavor Explorations Inc. (EAVR.OB) is “One to Watch”

Headquartered in Bellingham, Washington, Endeavor Explorations Inc. is an exploration stage company that engages in the acquisition and exploration of mineral resources in Canada. They own the mineral rights to eight mineral claims covering 1504 hectares (3716 acres) in the Uranium City area of northern Saskatchewan. The Company trades on the OTCBB. With Uranium City's existing airport, roads, hydropower, fuel supplies, lodging, qualified personnel, and a strong established exploration database, Endeavor Explorations Inc. can begin work on verifying historical exploration and production data on the Company's land holdings. The Company has seven former producing uranium mines on their claims. The…

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