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ThursdayMay 15, 2008 4:54 am

Treehouse Foods, Inc. (THS) Beats First Quarter Expectations – Shares Jump 10%

Treehouse Foods, Inc. (NYSE: THS), a food manufacturer primarily serving the retail grocery and foodservice channels, recently reported better-than-expected first quarter earnings of $0.34 per share versus $0.24 per share on a 39% sales increase. Shares climbed by $2.20 per share, or 10 percent, to $24.20 per share on news of the earnings report. Excluding plant closure costs, the company posted earnings of $0.34 per share in the first quarter. Analysts and Wall Street expected a profit of $0.25 per share. The company’s revenues increased 39 percent to $360.6 million from $259 million in the first quarter of 2007. Treehouse…

WednesdayMay 14, 2008 6:45 pm

Teknik Digital Arts Inc. (TKNK.OB) is "One to Watch"

Teknik Digital Arts, Inc. is dedicated to innovating the development of physically-interactive video gaming software systems. The company’s main focus is on physically-interactive video gaming and communities (leagues), both of which encourage the public to use entertainment technology in a healthy way to combat the world’s growing obesity problem. The company’s product line includes physically-interactive video gaming systems that can be played on personal computers or video game consoles. This revolutionary entertainment technology allows video game players (regardless of the level they play on) the opportunity to burn calories and build muscle while playing their favorite video games. Teknik Digital…

WednesdayMay 14, 2008 6:21 pm

Domestic Energy Corp. (DMEC.OB) Acquires 90 Wells With Shale Potential

Natural gas is one of the principle sources of energy for our everyday needs and activities. The continued abundance of natural gas, paired with its increasing demand, makes it a competitive market expected to help meet the energy needs in the United States. Domestic Energy Corp. (OTCBB: DMEC) today announced the acquisition of the working interest and operating rights to more than 90 wells in Tennessee with Chattanooga Shale potential. Domestic Energy acquired the wells from several privately owned companies in Tennessee in a cash and stock transaction. Larry Hillabrandt, CEO of Domestic Energy, said the wells are within 17…

WednesdayMay 14, 2008 6:14 pm

Acxiom Corp. (ACXM) Sees Cloudy Skies Ahead

Acxiom Corp. (ACXM) posted a loss for the fiscal fourth quarter as costs to lay off workers and close properties ate into results, according to the marketing services company. Acxiom lost $58.3 million, or 76 cents per share, in the three months ended March 31, compared with profit of $5.7 million, or 7 cents per share, in the fiscal fourth quarter last year. The company was squeezed by $107.2 million in costs stemming largely from a restructuring. The company spent $42.9 million to lay off workers and close properties, $13.5 million to close other operations, and $15 million to dispose…

WednesdayMay 14, 2008 6:12 pm

XO Holdings Inc. (XOHO.OB) Subsidiary Announces Agreement with Smith Seckman Reid to Provide Cost-Saving Network Solution

Founded in 1968, Smith Seckman Reid provides consulting services to more than 500 professionals spanning clients in commercial, sports and entertainment, health, government and education. The company’s international and domestic products range from small renovations to large-scale products exceeding hundreds of millions of dollars. To strengthen its services, SSR has teamed with XO Communications, a subsidiary of XO Holdings Inc. (OTCBB: XOHO), in which XO will provide a nationwide IP-based networking solution to SSR. Per the agreement, XO will provide its Multiprotocol Label Switching (MPLS)-based Internet Protocol (IP) Virtual Private Network (VPN) solution to SSR. “Our existing network wasn't meeting…

WednesdayMay 14, 2008 6:10 pm

OTCPicks Featured Company: Pilgrim Petroleum Corporation (PGPM.PK)

Pilgrim Petroleum’s most valuable properties are located in the northwestern region of Texas, where they own approximately 12,000 acre properties. The properties host resources with an estimated P50 (*) of 4 millions of barrels of oil equivalent, these estimates come from "Petroleum Classification and Definitions" (2000) published in draft by the Society of Petroleum Engineers (SPE) and the World Petroleum Congress. The company is currently in a new phase which lays down a strategy with their partners and alliances for new drilling activities in their leasehold position for further categorization of reserves. The management team is focused on developing multiple…

WednesdayMay 14, 2008 6:08 pm

OTCPicks Featured Company: ActionView International, Inc. (AVWI.OB) Sends Letter for Acquisition Transaction

An acquisition transaction has been agreed upon between ActionView International, Inc. (OTCBB: AVWI) and Jim Palmer Trucking, Inc. ActionView announced that the agreement between the two parties came in the form of a letter. At the closing of Tuesday's trading, ActionView's stock increased by 233.33%. Under the terms of the initial agreement, ActionView would acquire all of the issued and outstanding shares of Jim Palmer Trucking, Inc. in exchange for a majority of percentage of ActionView International. This definitive agreement will later outline more details of the acquisition. The content of the letter included a description of additional due diligence,…

WednesdayMay 14, 2008 6:05 pm

Coroware Inc. (CROE.OB) is “One to Watch”

Coroware Inc. (OTCBB: CROE), previously Innova Robotics & Automation Inc., is a development, deployment and marketing partner for Microsoft solution development and lab management teams. The name change reflects the company’s new direction, which will focus on professional services and solutions through its wholly-owned subsidiary, CoroWare Technologies. The company’s Microsoft Practice combines expertise in release management, project management, and systems engineering, with extensive experience working with Microsoft and other Fortune 500 companies. CoroWare helps companies estimate the needed work, and how it can provide solutions on a proposed budget. CoroWare’s enterprise business solutions are designed to meet the needs of…

WednesdayMay 14, 2008 6:01 pm

General Electric (GE) To Sell Appliances Unit

General Electric (GE) plans to auction off its appliance business for as much as $8 billion, ending the company's long association with so-called "white goods". With appliance sales getting hit by the slowing U.S. economy and the housing bust, jettisoning the business could help GE reach its long-term goal of boosting profits by at least 10% annually. A sale could also help appease critics who are calling for a more dramatic restructuring of the 120-year-old company, a chorus that grew noisier after GE's surprise first-quarter earnings disappointment and forecast reduction last month. The appliance outfit consists of refrigerators, freezers, electric…

WednesdayMay 14, 2008 12:45 pm

Global Roaming Distribution, Inc. (GRDB.OB) Creates Packages for International Resellers and Distributors

Global Roaming Distribution (GRDB.OB) has created user-friendly web-based reseller and distributor platforms to ease the growth of the brand into the world market. Global is the first US-based company to offer a SIM card that can be used in all seven continents. The company currently has agreements with over 350 GSM systems that provide a greater cellular use footprint than any other provider. Travel and mobile telecommunications are historically the most resilient segments in the world economy. Modern countries have realized the positive impact of increased international travel and growing cellular use. An estimated one billion cellular handsets are in…

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