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TuesdayMay 17, 2011 9:20 am

InsPro Technologies Corp. (ITCC) Announces Financial Results for Quarter Ended March 31, 2011

Yesterday, InsPro Technologies Corp. announced their financial results for the quarter ended March 31, 2011. During the first quarter, their liquidity and financial position improved due to the reclassification of $1,152,573 of restricted cash to cash. This was the result of the elimination of restrictions over certain of the Company's bank deposits that served as collateral for expired letters of credit. First Quarter 2011 highlights for the Company include net income of $27,641, or ($0.00) per share basic and diluted, compared with a net loss of $2,954, or ($0.00) per share basic and diluted, in the first quarter of 2010.…

TuesdayMay 17, 2011 9:12 am

VIASPACE, Inc. (VSPC) Announces Q1 2011 Financial Results

VIASPACE Inc. announced today its financial results for the first quarter ended March 31, 2011. Revenues for first quarter 2011 totaled $582,000, which included $534,000 from subsidiary Inter-Pacific Arts (IPA), while cost of revenues was $461,000. Gross profit for the quarter was reported at $121,000. Net loss for the first quarter 2011 was $762,000, less than $0.01 per share. Commenting on the results, VIASPACE Chief Executive Dr. Carl Kukkonen stated, "We reiterate our revenue guidance for IPA for the first-half of 2011. Previously, we announced that revenues for first-half of 2011 would be at least $2.76 million compared with $1.38…

TuesdayMay 17, 2011 8:50 am

Onteco Corp. (ONTC) is “One to Watch”

Onteco Corp. is focused on developing innovative, practical and cost-effective solutions to some of the most significant environmental challenges facing the world today. The company's business strategy is to identify opportunities that promise rapid revenue generation and offer sustainable competitive advantages in the areas of alternative energy generation and energy savings. Earlier this year, Onteco acquired NexPhase Lighting, Inc., a designer and developer of proprietary high quality LED (light-emitting diode) lighting fixtures and control systems for commercial applications. Leveraging proprietary NexSense Technology, the company's superior products provide benefits well beyond the general advantages associated with LED lighting. The control systems…

MondayMay 16, 2011 4:52 pm

VLOV Inc. (VLOV) Posts 17% Revenue Increase

VLOV Inc., a company that designs, sources and markets VLOV-brand fashion-forward men’s apparel in the People's Republic of China, today announced its financial results for the first fiscal quarter ended March 31, 2011. The company reported first-quarter revenue of $21,172, a 17 percent increase compared to $18,067 reported for the first quarter of 2010. Gross margin as a percentage of total net sales increased to 44 percent for the first quarter, up from 38 percent for the same period in 2010. Net income for the three months ended March 31, 2011, was $4,456, an increase of 316 percent from $1,071…

MondayMay 16, 2011 4:50 pm

Save The World Air, Inc. (ZERO) Delivers Applied Oil Technology Product Prototype to US Department of Energy

Save The World Air, Inc., a company that engages in developing technology focused on energy efficiency of large-scale energy production and fuel economy for diesel fleets, has announced that a full scale Applied Oil Technology (AOT™) product prototype for supplemental oil viscosity has been delivered by its strategic partner, Colfax Corporation, to the U.S. Department of Energy (DOE) Rocky Mountain Oilfield Testing Center (RMOTC) for field-scale testing. The testing center is located in Casper, Wyoming. "We are excited to reach this stage and believe that deployment of AOT™ can positively impact the cost structure of transporting crude oil through pipelines…

MondayMay 16, 2011 4:36 pm

Cono Italiano, Inc. (CNOZ) Pizza Cone Product Showcased on the Food Network’s “Unwrapped” Series

After the closing bell today, Cono Italiano, Inc., the exclusive license holder for the North American Distribution and Manufacturing rights for "Pizza Cono", a one-of-a-kind, drip-free, cone shaped pizza made from proprietary dough, announced that the Food Network featured the pizza cone on their website FoodNetwork.com and in a recent segment of Unwrapped called "Crazy Containers". Unwrapped takes viewers on tours of factories and other food-related locations to uncover the behind-the-scenes details of classic American foods and how they are prepared. The focus of this particular episode was on common foods prepared in unique ways. The Pizza Cono, with its…

MondayMay 16, 2011 2:42 pm

SmallCapVoice Featured Company: Rockwood National Corp. (RNTL)

Rockwood National is a diversified, national real estate services company focused on providing complete default loss mitigation (REO & Short Sale), real estate brokerage, full mortgage origination and title service capabilities to become the preferred "one-stop" provider of choice. At the end of the current distressed asset lifecycle, Rockwood anticipates being in a superior position to offer portfolio retention services to financial institutions across the country. By monetizing the activities of its core components as well as referral and revenue sharing with strategic partners, Rockwood aims to drive earnings while simultaneously creating continued growth opportunities. Let us hear your thoughts:…

MondayMay 16, 2011 2:12 pm

ViewCast Corp. (VCST) Posts Q1 Results Impacted by Deeper Seasonal Pullback

ViewCast Corp., a developer of industry-leading solutions for the transformation, management and delivery of digital media over enterprise, broadband and mobile networks, today reported its first-quarter results for the quarter ended March 31, 2011. First-quarter revenues increased 1 percent to $3.71 million compared to $3.68 million in the prior year period. Net loss for the first quarter 2011 was $791,000, or $(0.03) per fully diluted share, compared to a loss of $311,000, or $(0.01) per fully diluted share in the first quarter 2010. EBITDA for the 2011 first quarter was $(578,000), compared to $(54,000) in the 2010 first quarter. ViewCast…

MondayMay 16, 2011 2:09 pm

Ante5, Inc. (ANFC) Reports Results for First Quarter of 2011

Ante5, Inc. reported financial results for the first quarter of 2011 and issued an operational update on the company’s oil and gas activities on properties in the western United States. Ante5 has oil and gas properties in North Dakota that are prospective for the Bakken and various other formations. This was the company’s first full quarter operating as an oil and gas company. Ante5 reported oil and gas production of 1,254 barrels of oil equivalent (BOE) during the first quarter of 2011. The company said that 93% of this production was composed of crude oil with the balance natural gas…

MondayMay 16, 2011 2:06 pm

Telestone Technologies Corp. (TSTC) Posts Solid Q1 2011 Figures

Telestone Technologies Corp., a leading developer and provider of telecommunications local access networks in China, today announced its financial results for the first quarter ended March 31, 2011. First-quarter revenue increased 30 percent to $14.5 million, up from $11.1 million reported for the first quarter of 2010. Revenue from equipment sales rose 37 percent to $7.0 million, as compared to $5.1 million in the year-ago quarter. Sales of professional services increased 24 percent from $6.0 million to $7.5 million in the first quarter of 2011. Gross profit for the quarter increased 33 percent to $6.6 million compared to $4.9 million…

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