WednesdayFeb 08, 2012 6:30 pm

Beacon Enterprises Solutions Group, Inc. (BEAC) Announces 97% Increase in Gross Profits and 51% Increase in Net Sales for Fiscal Q1 2012

Today, shortly after the closing bell, Beacon Enterprises Solutions Group announced its fiscal first quarter financial results for the period ended December 31, 2011. Significant improvements were noted across the board, and the company’s cash position more than doubled compared to the previous year’s first quarter. Financial highlights include: • 51% increase in first quarter net sales to $6 million from $4 million in the year-ago first quarter; • 97% increase in first quarter gross profit to $2.3 million from $1.2 million in the year-ago first quarter; • Gross profit margins improved 900 basis points to 39% from 30% in…

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WednesdayFeb 08, 2012 3:31 pm

MMRGlobal (MMRF) Announces Growing Intellectual Property Portfolio

MMRGlobal Inc., provider of online personal health records and electronic safe deposit box storage solutions, as well as healthcare related electronic document management and imaging systems, announced today that it currently has more than $43 million in licensing and strategic partnership agreements relating to the company’s biotech and health information technology intellectual property. MMR stated that it has invested more than $152 million in R&D products associated with biotech and health IT, and has more than 40 patents either issued or pending or applied for worldwide. These patents include those associated with MMR’s FavID®/SpecifidTM vaccine trials and anti-CD20 antibody assets.…

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WednesdayFeb 08, 2012 1:19 pm

S&W Seed (SANW) Posts Fiscal Q2 2012 Results Demonstrating Improvements Across the Board

S&W Seed Company, a producer of warm climate, high-yield alfalfa seed varieties, today announced financial results for its second fiscal quarter of 2012 for the three months ended December 31, 2011. The company reported second-quarter revenues of $4.7 million compared to revenues of $0.9 million in the comparable quarter last year, representing a 420 percent increase. The company attributes the significant increase to strong demand of its proprietary alfalfa seed and to increased price competitiveness stemming from its strategic purchase of its distributor's customer list and its sales directly to dealers and large farms in key international markets. Operating income…

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WednesdayFeb 08, 2012 10:57 am

Colombia Energy Resources, Inc. (CERX) Acquires Herrera Metallurgical Coal Mining Concession through Subsidiary

Colombia Energy Resources, Inc. announced today that it has acquired the Herrera metallurgical coal mining concession. CERX, through its wholly-owned Colombian subsidiary, Colombia Clean Power SAS ("CCP"), completed the acquisition on February 3, 2012, purchasing the concession from Dairo Ruben Herrera Perez and Ariel Salcedo Leal. The 42-acre purchased concession contains metallurgical coal resources similar in quality to the company’s Ruku Mining Complex. The concession's permit, FI7-081, entered the construction or preoperative phase on February 3, 2012. Compensation includes certain payments made at the signing of the agreement and will be made upon governmental approval of the concession's transfer to…

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WednesdayFeb 08, 2012 10:54 am

Local Corp. (LOCM) Announces Record 1 Billion Monthly Impressions on Expanded Display Network

Leading online local media company Local Corp. announced yesterday that it served a record 1 billion ad impressions across its display network during December 2011. That’s a 300 percent increase over January 2011. These record impressions were served across the company’s flagship site, Local.com, which is Local Corp.’s syndication network of more than 1,000 regional media sites; it is also the company’s recently launched display ad network, powering display advertising for third-party Web publishers. When banner ads are served through the system, the company’s display ads generate CPM revenues. The company launched RAMP by Rovion in November 2011. RAMP is…

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TuesdayFeb 07, 2012 4:08 pm

Thwapr, Inc. (THWI) Platform Reaches One Million Video Views on Mobile Devices

Thwapr, Inc., a service for mobilizing branded video content, today announced that more than one million video views have been served over its platform. Thwapr’s mobile marketing solution uses a proprietary device detection technology so it can deliver videos and custom mobile pages to more than 300 types of devices across the United States and Canada. Being able to provide video links that work on non-Android or iOS platforms is an important part of Thwapr’s success as about 50% of the total mobile device market is still using feature phones. "This milestone demonstrates a high success rate in user engagement…

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TuesdayFeb 07, 2012 3:59 pm

China BAK Battery (CBAK) Posts Q1 2012 Financial Results, Outlook

China BAK Battery Inc., a leading global manufacturer of lithium-based battery cells, today announced its financial results for the first quarter of fiscal year 2012 for the three months ended December 31, 2011. Net revenues for the first quarter of fiscal 2012 were $71.8 million, up 12.9 percent from $63.5 million for the comparable quarter of fiscal 2011. The company reported gross profit for the first quarter of fiscal year 2012 at $14.0 million, a 40.4 percent increase over the $10.0 million reported in the same quarter of last year. Gross margin of 19.6 percent was a significant increase over…

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TuesdayFeb 07, 2012 3:51 pm

Axion Power International, Inc. (AXPW) Reports Completion of Direct Equity Offering

Axion Power International reported the successful completion of recent capital raising activity, providing the company with funds to help continue manufacturing and marketing its battery product line. Axion Power said that the company raised gross proceeds of $9.4 million through a registered direct common stock offering to a group of institutional investors. The shares were sold at $0.35 per share, which represented the average price of the company’s common stock on a volume weighted basis during a 40 day period prior to the offering. The offering raised $8.6 million after expenses, and Axion Power plans to use the net proceeds…

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TuesdayFeb 07, 2012 1:58 pm

Vringo, Inc. (VRNG) Retains the Hodges Partnership to Lead Public Relations Efforts

Located in New York, Vringo provides software platforms for mobile, social, and video applications. Today, Vringo took a major step forward when they announced that The Hodges Partnership has joined the company as their public relations counsel. The Hodges Partnership will head up national public relations for Vringo and its mobile application product, “Facetones.” Located in Richmond, Virginia, The Hodges Partnership has represented such well-known brands as CarMax, Capital One, Allianz, Hamilton Beach, and Rolls-Royce. Leading the way at Vringo is Andrew Perlman whom serves as the company’s President. In reference to this news, Perlman stated, “Bringing on a team…

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