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ThursdayJul 31, 2008 4:49 am

MedeFile International, Inc. (MDFI.OB) Reaches Agreement to Market Technology to Direct Technology Innovations’ National Client Base

MedeFile International, Inc. (MDFI.OB), a company using advanced technology to provide consumers with convenient and secure medical records management solutions, was pleased to announce this morning that it has reached an agreement with Direct Technology Innovations (DTI) to market its technology and services to DTI’s customer base. The MedeFile-Light subscription will be offered as a gift to customers who use DTI’s electronic payments systems. “As a recognized national leader in transaction technology, it is our belief that there is no more important personal transaction than what takes place between a patient and his or her doctor. MedeFile's innovative approach to…

ThursdayJul 31, 2008 4:29 am

RRsat Global Communications (RRST) Beats 2Q Estimates, Raises Guidance

RRsat Global Communications Network Ltd. (RRST), an Israeli provider of global content management and distribution services to television and radio broadcasters, announced second quarter financial results this morning. Revenues rose 30% to $19.1 million vs. analysts’ consensus of $18.5 million. Adjusted net income (non-GAAP) was $3.6 million, or 20 cents per share, an increase of 31% and 3 cents better than analysts’ estimates. Net income on a GAAP basis was $3.3 million, or 19 cents per share. Backlog of signed agreements continues to rise, reaching a record $174 million at quarter’s end. RRsat raised revenue guidance for the full year…

ThursdayJul 31, 2008 4:13 am

Dawson Geophysical Co. (DWSN) Reports Strong Q3 Results, Beats Earnings Estimates by 14 Cents

Dawson Geophysical Company (DWSN), a leading provider of U.S. onshore seismic data acquisition services to oil and natural gas exploration and development companies, announced strong third quarter financial results this morning. Revenues were $84.6 million, an increase of 23% over prior year sales. Net income increased 28% to $9.7 million, or $1.27 per share. Analysts surveyed expected Dawson to report earnings of $1.13 per share on $82.7 million in revenues. Fossil fuel prices near historical highs have Dawson’s clients engaged in frenzied domestic exploration activities, particularly those seeking natural gas shale plays like the Haynesville and Barnett. The company continues…

ThursdayJul 31, 2008 4:12 am

Lexicon Pharmaceuticals, Inc. (LXRX) Announces Positive Phase I Trial of LX1031 for Irritable Bowel Syndrome

Lexicon Pharmaceuticals, Inc. (NASDAQ: LXRX), a biopharmaceutical company that focuses on discovering and developing breakthrough treatments for various human disease, recently announced the successful completion of the company’s Phase 1 multiple-dose escalation study in normal volunteers with LX1031, its oral drug candidate for irritable bowel syndrome (IBS). The recently completed trial for LX13031 was a randomized, double-blind, ascending multiple-dose study in which all dose levels were well tolerated over 14 days and no dose limiting toxicities were observed. Based on the success of the Phase I trial, Lexicon Pharmaceuticals plans to progress the new drug candidate into Phase II studies…

ThursdayJul 31, 2008 4:10 am

Microtune, Inc. (TUNE) Reports Second Quarter Earnings – Expects Positive Outlook for the Third and Fourth Quarters

Microtune, Inc. (NASDAQ: TUNE), a silicon and subsystems company that designs and markets radio frequency (RF) solutions for the worldwide consumer electronics and automotive electronics markets, recently reported its financial results for the second quarter that ended June 30, 2008. Microtune’s net revenue for the second quarter totaled $26.6 million, a 7% year-over-year increase compared to net revenue of $24.8 million for the same period one year earlier. Non-GAAP net income per diluted share reached $0.06 for the second quarter versus $0.07 in the second quarter of 2007. Shares for Microtune traded higher earlier this week on the company’s strong…

WednesdayJul 30, 2008 4:31 pm

O2Micro International Limited (OIIM) Reports Better than Expected Q2 Results

O2Micro International Limited (OIIM), a leading developer of power management and security components for computers and consumer electronics, reported second quarter financial results today after the close. Revenues were $40.8 million, an increase of 6.8% from the prior year and 8.6% sequentially. GAAP net income, including the effect of $721,000 in stock-based compensation expense, was $4.4 million, or 12 cents per American Depositary Share (ADS), vs. analysts’ consensus estimate of 10 cents per ADS. Sterling Du, Chairman and CEO, commented, “During these challenging economic times, we are continuing to grow because O2Micro is bringing great new products to the market.”…

WednesdayJul 30, 2008 4:30 pm

Mega Media Group, Inc. (MMDA.OB) Heats Up With the Summer Months

Mega Media Group, Inc. (MMDA.OB) has been working diligently on marketing their subsidiary, Pulse 87 FM, during the summer months. The company's website, www.pulse87.com, launched back in May, specifically targets the demographic of 18-49 year olds. The site was created to allow listeners receive the latest and most intriguing entertainment news and updates on events, as well as listen to live broadcasts and send in music requests. The company believed a website to be a pivotal move in gaining more consumers since many of them use computers daily, and having access to the station through the web will only increase…

WednesdayJul 30, 2008 4:24 pm

QuoteMedia, Inc. (QMCI.OB) Management Team has Vast Applicable Experience

QuoteMedia, Inc. (OTCBB: QMCI) engages in the financial market data industry by delivering a complete and comprehensive financial market information and software applications with a reduced cost. The company's diversity of technical expertise, their agile responsiveness to custom corporate requirements, and their proven commitment to superior delivery technologies have positioned them as a leader within the financial market data industry. Their advanced model allows them to manage and stream information to multiple entities from major exchanges in the U.S., Canada, and Europe. Through QuoteMedia's development team, the company is able to respond rapidly to product changes and their ability to…

WednesdayJul 30, 2008 4:21 pm

Rocky Mountain Chocolate Factory, Inc. (RMCF) Reports First Quarter Operating Results

Rocky Mountain Chocolate Factory, Inc. (RMCF), a gourmet chocolate and confection manufacturer based in Durango, Colorado, has been in operation since 1982. An international franchiser and retail operator in the United States, Canada and the United Arab Emirates, the company manufactures an extensive line of premium chocolate candies and other confectionery products. Producing approximately 300 chocolate candies and other confectionery products using recipes developed primarily by its master candy maker, products include varieties of clusters, caramels, creams, mints and truffles, with an additional 100 confectionery treats during holiday seasons. Rocky Mountain reported its operating results for the first quarter of…

WednesdayJul 30, 2008 4:19 pm

DXP Enterprises, Inc. (DXPE) Reports Record Second Quarter Earnings that Beat Estimates

DXP Enterprises, Inc. (DXPE), an industrial products distributor servicing primarily the oil and gas and food and beverage industries, announced second quarter results this afternoon that topped analysts’ estimates while setting quarterly records on both the top and bottom lines. Revenues surged 120% year over year to $187.8 million vs. consensus of $172.9 million. Net income rose 86.5% to $6.37 million, or 93 cents per share, compared to analysts’ estimates of 86 cents per share. David R. Little, Chairman and Chief Executive Officer said, “We continue to execute our three-pronged growth strategy of organic growth, operational efficiencies and acquisitions. Our…

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