Archive for May, 2010

Solitron Devices Inc. (SODI.OB) Posts FY 2010 Results

Friday, May 28th, 2010

Solitron Devices Inc. designs, develops and manufactures power hybrids and related devices for the aerospace and military market. The company recently posted its fiscal year financial results for the period ended February 28, 2010.

Solitron reported net revenue of $7.723 million for the fiscal year ended February 28, 2010, a decrease of 8.7 percent as compared with a net revenue of $8.459 million for the prior fiscal year. The company attributes the decrease to broader economic turbulence, but noted that things may take a turn for the better.

“We believe that the decline in revenue was due mainly to the slow-down in the global economy and slow down in defense spending, a pattern that has lasted now for five quarters. It appears that the decline may have leveled out,” president and CEO of Solitron Shevach Saraf stated in the press release.

Solitron reported gross profit at $1.849 million or 24 percent of net revenue for the fiscal year ended February 28, 2010, as compared to gross profit of $2.121 million or 25.1 percent of net revenue, for the prior fiscal year.

Net income for the fiscal year was $770,000, or $0.31 per diluted share, as compared with a net income of $969,000 or $0.39 per diluted share for the prior fiscal year.

Saraf noted that no company is 100% resilient to the global economic downturn, and that Solitron has remained in line by taking strategic business steps.

“Even companies like Solitron, which stand on strong fundamentals and well managed cash flows, are not immune to current market conditions. While we have substantial backlog and much improved orders intake, like others we have no clear viability about a continued macroeconomic rebound, thus, we remain conservative and have taken steps to reduce and manage our cost structure and conserve cash which is reflected in the fiscal year results,” he stated.

For more information on the company, visit www.solitrondevices.com

Let us hear your thoughts below:

China Recycling Energy Corp. (CREG.OB) Secures Partnership with Norwegian Government for Recycling Projects

Friday, May 28th, 2010

China-based China Recycling Energy Corp., a leading industrial waste-to-energy solution provider in China, yesterday inked a strategic cooperation agreement with Norwegian government in new energy technologies and environmental protection projects.

CREG chairman and CEO Guohua Ku met with the representative of the Norwegian government to sign the agreement in which the two entities will collaboratively promote the development of China’s industrial energy conservation.

CREG’s industrial recycling technologies are used by steel mills, cement factories and coke plants in China. Through recycling the company generates byproducts including heat, steam, pressure and exhaust to generate large amounts of low-cost electricity, thereby reducing the need for outside electrical sources.

The recent partnership is expected to support efforts of the Norwegian government, as well as CREG.

“We are happy to build up such a strategic partnership with the Norwegian government. We believe that such a high-profile communication and cooperation will benefit us with more forward-looking vision and worldwide exploration for leadership in new energy technologies and application,” Ku stated in the press release.

CREG’s management and engineering teams have more than 20 years of experience in industrial energy recovery in China. The company’s knowledge and expertise in the industry also secured the company a vocal position at the Sino-Norwegian Energy and Environment Conference in Shanghai.

The day of the signing, CREG management was invited as a keynote speaker to introduce China’s energy recycling industry at the conference, which was sponsored by China and Norway’s governments in the theme of “Better City, Better life.”

Let us hear your thoughts below:

Success Of Simulated Environment Concepts, Inc. (SMEV) is Based on Motivations of Founders

Friday, May 28th, 2010

The stated goal of Simulated Environment Concepts Inc., makers of the SpaCapsule water massage and therapy system, is to offer the world a one-of-a-kind cost effective relaxation product that improves people’s lives while providing rewarding business opportunity for entrepreneurs everywhere. They talk about how “imagination at work” is a way of life, and how they’re “obsessive” in their pursuit of the next breakthrough. In other words, the company gets a lot of its energy and direction from some very deep-felt personal motivations, motivations that are easily traced to the company’s founders and key personnel.

Dr. Ella Frenkel, President & CEO – Dr. Frenkel is an enthusiastic business woman and a proud mother of four. She received her undergraduate education at Temple University in Philadelphia, and went on to become a licensed doctor of chiropractic. She ran a successful practice for nine years, her successful management style resulting in a consistent gross of $1.2-1.5M annually. It was after she and a chiropractic partner, Dr. Ilya Spivak, relocated to Florida, that the two determined to fill a need for a sophisticated stress reduction system, something well beyond what had ever been produced.

Dr. Ilya Spivak, Product Development – Dr. Ilya Spivak is an experienced inventor and the product development supervisor for the company. As a successful chiropractor, he has assisted many manufacturers in improving their products, and has always been on the cutting edge of technology with innovations and ideas for helping patients. His dream came through with the successful invention of the SpaCapsule. His expertise in the field of chiropractic has made the SpaCapsule an indispensable tool in today’s marketplace, and his business savvy has attracted capital to fund research and development, tooling, production, and worldwide distribution channels.

Mr. Allen Licht, Project Management – Allen Licht is responsible for overseeing every aspect of the SpaCapsule manufacturing process, and seeks no less than perfection in quality control. His self-motivation and continuous education provides him with expert knowledge in implementing new manufacturing techniques and processes. Mr. Licht significantly contributed technical know-how to the design and patent of the SpaCapsule, and participates in the continuous improvement of the design and quality in SEC’s manufacturing processes.

SpaCapsule is now being sold all over the world, to chiropractors, tanning salons, luxury spas and hotels, and various forward-thinking corporations.

Let us hear your thoughts: Simulated Environment Concepts Inc. Message Board

East Coast Diversified Corp. (ECDC.OB) Welcomes Denkasan Telecommunications to GPS/RFID Channel Partner Program

Friday, May 28th, 2010

East Coast Diversified Corp. announced today that subsidiary EarthSearch Communications International, Inc., www.earthsearch.us, has welcomed one of Turkey’s leading turn-key logistical solutions providers, Denkasan Telecommunications, as its newest member in the channel partner program.

EarthSearch is known for its flagship LogiBoxx™ GPS/RFID hardware-level integrator which, when combined with EarthSearch’s proprietary Global Asset Tracking and Identification System (GATIS) platform, comprises a LogiBoxx Certified Solution set that enables real-time virtual presence across an entire supply chain. Able to communicate with active and passive tags as well as passive readers, the LogiBoxx offers a way to instantly view the entire tag architecture, including every item, in real-time.

Denkasan was excited by the LogiBoxx intelligent GPS device with embedded RFID business logic because it was so easy to integrate it seamlessly into the Company’s existing architecture, making it a snap to provide LogiBoxx certified solutions to their clients, according to General Manager for Denkasan, Denizhan Cönger, who said they found the device when searching for a GPS system to replace existing legacy drives.

VP of Global Channels at EarthSearch, John Ferguson, noted the eminence of Denkasan in Turkey’s fleet tracking, logistical management and security sector, and clearly expressed his pleasure that they have joined the EarthSearch family. Ferguson also reaffirmed the lasting commitment to helping Denkasan provide its clientele with LogiBoxx certified solutions.

EarthSearch offers a wide array of integrated GPS and RFID solutions, with vast expertise in both technologies, giving them the power to design and implement a Tag architecture that is right for any supply chain and is equipped with exceptional support and service facilities, making it one of North America’s leading global manufacturer and suppliers of cutting-edge real-time location systems.

Let us hear your thoughts below:

Taiwan’s Foxconn (LSE: HHPD) to Raise Pay of Workers Following Suicides at China Plant

Friday, May 28th, 2010

One company that has gotten attention for what they have done in the marketplace is the Chinese Company Foxconn. Part of Taiwan’s Hon Hai Precision Industry Co., Foxconn is the world’s largest contract manufacture of electronics. Foxconn is led by their CEO Terry Gou who founded the company in 1974; Foxconn has a long list of big-name customers which includes Apple Inc., Sony Corp., Dell Inc., Nokia Corp. and Hewlett-Packard. While Foxconn has made its mark in the business world, they have been decimated in the court of public opinion.

The Taiwanese electronics company has been buffeted by an array of suicides at its China factories which has been attributed to employee morale. The most famous of these suicides was that of Sun Danyong who was allegedly beaten by supervisors leading to the taking of his life.

Besides the Danyoung suicide, at least nine other workers have killed themselves and three have attempted suicide at Foxconn’s operations in southern China this year, involving mainly workers who jumped from buildings. The most recent suicide attempt involved a 25-year-old man who slashed his wrists in the factory dormitory Thursday. One additional Foxconn worker in northern China also committed suicide this year and there has been a great deal of suspicion about many of these deaths.

Currently, the basic salary of Foxconn employees at the China plant is about 900 Yuan ($130) per month. In an attempt to lift employee morale, Foxconn intends to give pay raises which will average around 20 percent per worker.

One Foxconn official who spoke on the condition of anonymity because he is not allowed to speak with the media was quoted as saying, “Feeling sad is contagious, and so is feeling happy. We hope the workers will have a positive attitude toward their lives.”

Currently, Foxconn is trading in the $8.44 range. The current news has swayed global investors but the company claims to make a better life for their workers and has a host of activity within their pipeline.

To learn more about Foxconn, visit their website at: www.Foxconn.com.

Let us hear your thoughts below:

Atlas Pipeline Partners Ltd. (APL) Makes All the Right Moves at the Right Times

Friday, May 28th, 2010

Investing in a commodity market means paying fairly close attention to commodity price, volume and those running the company. Management, in this sense, becomes just as important as what the actual commodity price is doing. An investor that can put the two aspects together, management and a rising commodity price, is one that may profit.

Atlas Pipeline Partners Ltd., a gatherer, pipeline owner and processor of natural gas, operates and processes natural gas in primary natural gas production regions across the United States. The company has primary holdings in the Permian basin, Appalachian basin and into the north eastern US.

Although concentrated within primary natural gas producing regions, the company operates and controls a fairly vast collection and processing system. Several thousand miles of pipeline gathering and associated processing plants located along the system make for a formidable competitor. If one were to assess the natural gas distribution system within the US, they would quickly understand that Atlas is positioned, from a physical infrastructure perspective, at the nexus of natural gas exploration and production. Unlike other basic materials such as oil, which needs to be transported great distances for processing, natural gas relies on a pipeline system that has been put in place over time for processing along that system as demand dictates. Atlas controls over 10,000 miles of gathering pipeline, 8 processing plants and 1 treatment facility within that system and is benefiting.

The first three months of 2010 showed a nice increase from the same period one year earlier. Total revenue for the period was $260.9 million as compared to $144.1 million. Overall, the increase in total revenue can be attributed to volume and commodity price increases but must also be viewed in the light of how a commodity is traded and sold. Just as with an agricultural crop, a hedge is usually made through various financial instruments to insure some sort of protection against commodity price swings. In this area, the company has been very successful in how it has gone about the task of hedging.

In this case, one may look at the company’s use of warrants at the beginning of 2010 where proceeds were used to eliminated certain derivative financing positions. Given current economic conditions, this particular move strengthened the company’s position financially and gave clear evidence that a strong management team was at work. Although natural gas is most assuredly a commodity position in an uncertain energy world, Atlas pipeline is right in the middle of the game and doing well.

Let us hear your thoughts below:

Minerco Resources, Inc. (MINED.OB) Signs Agreement to Acquire 6 Megawatt Hydroelectric Project in Honduras

Friday, May 28th, 2010

Minerco Resources Inc. is a progressive developer, producer and provider of clean, renewable energy solutions in Latin America. The company announced today that it has entered into a definite agreement for the acquisition of a hydroelectric project known as “Chiligatoro Hydro-Electric” in Honduras.

The agreement provides for the company to acquire 100% of the 6 megawatt project from the Honduran company Rota Inversiones. Rota will receive 18 million restricted shares of Minerco in three installments while the company is responsible for outstanding costs to date and ongoing expenses through final design and continued operations of the project. Minerco will provide funding for the construction and development of the project, which it anticipates will begin in the latter part of 2010. The company will retain full control for the life of the project.

The Chiligatoro project is currently in the feasibility stage of development, allowing Minerco to participate in the design and construction of the project. The feasibility study was completed and submitted to the Honduran government natural resources and environmental ministry known as SERNA. The feasibility study was approved by SERNA in January 2010 and has been submitted for approval by the National Energy Commission of Honduras. The environmental impact study was also submitted to SERNA and approval is expected in the near future.

The president and CEO of Minerco Resources, V. Scott Vanis, commented on the agreement, “We are excited to enter into this definitive agreement to acquire the Chiligatoro Project in Honduras. Honduras represents an excellent environment to develop small to mid-range clean energy projects. The project, once approved, will provide Minerco with a substantial, long-term revenue base for years to come.”

Let us hear your thoughts below:

eDoorways Corp. (EDWY.PK) Continues Adding Promised Features

Friday, May 28th, 2010

eDoorways Corp., the rapidly developing vendor/consumer online network, has moved to a new and quicker pace for adding functionality to its site. As promised in their last shareholder conference call, they have initiated smaller releases to get requested features out more quickly without having to wait for completion of a larger release.

Using this new approach, they’ve recently added offline text message notification, one of the most important new features. It allows vendors who cannot be online at all times to be automatically notified if someone on the eDoorways site has selected them to join a conversation. This new functionality is easily turned on or off by selecting the text messaging option on the Account Settings page. It also allows you to specify multiple delivery methods, such as text, email, or even Twitter notification. The new feature should significantly increase the value of eDoorways to smaller vendors who don’t always have access to a computer.

Offline notification comes into play in two situations. If a user does a search and selects to chat with you, but you are offline, the chat request notification will be sent to you. And if you are engaged in a conversation, and log off while leaving it open in your conversations panel, you will receive an offline notification.

Also, if you happen to be offline when somebody requests a chat, the chat will be listed in your conversations window when you log in. This ensures that you won’t forget about earlier requests when you finally get to a computer.

Another new feature is the addition of time stamps to chat entries, which provides improved context to the conversation, allowing you to see how long it has been since the last comment.

All of this represents important new ways that eDoorways is increasing its value to small vendors. They’ve also released a number of minor bug fixes, and have improved their ability to monitor the site. They plan to continue with these small releases as they move toward their Q2 milestones.

For more information, see the company’s website at www.eDoorways.com.

Let us hear your thoughts: eDOORWAYS Corp. Message Board

La Cortez Energy, Inc. (LCTZ) Reports Drilling of Exploratory Well in Colombia

Friday, May 28th, 2010

La Cortez Energy, Inc. reported that the company’s partner has begun drilling an exploratory well in Colombia. La Cortez Energy, Inc. has a 20% working interest in the well, which is being drilled by Emerald Energy Plc.

La Cortez Energy, Inc. said that the Mirto-2 exploratory well is located on the Maranta Block of the Putumayo basin in the southwestern part of Colombia. The well will be drilled to a depth of 11,504 feet, and will test out 3 possible oil and gas bearing sands of the Villeta formation.

Andres Gutierrez, the CEO of La Cortez Energy, Inc., said, “We are very pleased to announce the initiation of drilling operations in the Mirto-2 well. We hope this well validates our analysis of a significant geological structure and the possibility to increase the company’s production rate.”

The Maranta Block covers approximately 90,000 acres, and La Cortez Energy, Inc. received a license to explore this area in an agreement signed in 2006 with the Colombian government.

La Cortez Energy, Inc. said that the Mirto-1 exploratory well, a previous well drilled on the Maranta Block, found net pay at 3 different sand intervals. The well is currently producing 120 barrels of oil per day.

La Cortez Energy, Inc. is an oil and gas company focused on opportunities in South America. The company has a 50% working interest in the Putumayo 4 block, and has interests in the Rio de Oro and the Puerto Barco fields in Colombia.

For more information on the company, go to www.lacortezenergy.com

Let us hear your thoughts below:

Mayflower Bancorp, Inc. (MFLR) Reports Strong Increase in Net Income for Fiscal 2010

Friday, May 28th, 2010

Mayflower Bancorp, Inc. reported net income of $313,000 or $0.15 per diluted share, for the fourth quarter of fiscal 2010, which ended 4/30/2010. The company earned net income of $305,000, or $0.15 per diluted share, in the corresponding quarter in 2009.

Although net income for Mayflower Bancorp, Inc. was flat for the quarter on a year over year basis, the company reported much improved results for the full fiscal year. The company earned net income of $1.2 million, or $0.56 per diluted share, in fiscal 2010, compared to only $35,000, or $0.02 per diluted share, in fiscal 2009.

The management of Mayflower Bancorp, Inc. said that the poor results in fiscal 2009 was due to a $1.9 million impairment charge that the company recorded due to its holdings of preferred stock and auction rate preferred stock of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation.

Edward M. Pratt, the CEO of Mayflower Bancorp, Inc., said, “Our fourth quarter reflected the continuation of several positive trends for the Company, including further growth in core deposit totals, ongoing reductions in the cost of our deposits, and improvement in our net interest income. In future periods, we will look to further these developments, while focusing on the orderly elimination of non-accrual loans and of real estate acquired by foreclosure currently on our books.”

Mayflower Bancorp, Inc. also declared a quarterly cash dividend of $0.06 per share to shareholders of record as of 6/10/2010. The dividend is payable on 6/17/2010.

Mayflower Bancorp, Inc. is a bank holding company that owns the Mayflower Co-operative Bank. The bank has 7 locations in Massachusetts.

For more information on the company, go to www.mayflowerbank.com

Let us hear your thoughts below:

Board of Directors of Farmers National Banc Corp. (FMNB.OB) Announces Management Succession

Friday, May 28th, 2010

Yesterday, Farmers National Banc Corp.’s Board of Directors announced that, effective July 1, 2010, Mr. John S. Gulas will become President and Chief Executive Officer of both the Company and their wholly owned subsidiary, Farmers National Bank of Canfield. Mr. Gulas will succeed Mr. Frank L. Paden who will remain as Executive Chairman of both Boards of Directors. Mr. Paden has served at Farmers National Bank for more than 35 years. Mr. Gulas will also be appointed as an additional member of the Company’s Board of Directors, again effective July 1, 2010.

Mr. Frank L. Paden helped to create this succession plan. “I look forward to remaining actively involved in charting the course for our future by serving as Chairman of the Boards of Farmers National Banc Corp. and Farmers National Bank,” stated Paden. He will concentrate on a broader strategic role as a member of the Farmers team.

Mr. John S. Gulas is credited with engineering an era of managed growth at Farmers for the past two years. The Company has grown to more than $1 billion in assets, and acquired the Farmers Trust Company during this period. In addition, during this time they have grown the wealth management division to include an insurance agency, and have grown the loan portfolio over 10 percent.

Ron Wertz, a board member who will serve as Lead Director of the Company’s Board, said, “The Board supported John as the person to succeed Frank in this key executive leadership role as part of our management succession plan. John has grown to know this Company well and he is committed to its continuing success and viability. We are confident that his forward-thinking leadership style will be a continued asset for both the Company and its shareholders.”

With Farmers National since July 2008, Mr. Gulas has served as Chief Operating Officer of the Company and the Bank. He received his Juris Doctorate from the University of Toledo College of Law. He came to Farmers with more than 25 years of bank management experience. This included leadership roles at Sky Trust, UMB, Wachovia, and Key Bank.

Mr. Gulas stated, “I came back to the Valley because I saw tremendous opportunity for Farmers National Bank. Despite the recent financial crisis, Farmers has continued to serve its customers well. We have experienced strong growth where other banks have struggled to survive. I believe Farmers is well-positioned for the future.”

Farmers National Banc Corp. is the bank holding company for the Farmers National Bank of Canfield, Farmers National Insurance, LLC and Farmers Trust Company. They operate 16 banking offices throughout Mahoning, Trumbull, and Columbiana counties. They also operate two trust offices in Youngstown and Howland.

For more information visit: www.farmersbankgroup.com

Let us hear your thoughts below:

ubroadcast, Inc. (UBCI.OB) Announces Name Change to “Santeon Group, Inc.”

Friday, May 28th, 2010

ubroadcast, Inc., a facilitator of high-quality live and on-demand television and radio broadcasts, recently announced that the company will change its name to “Santeon Group, Inc.” The company has also filed an application with FINRA for a new common stock trading symbol and anticipates that the effective date for the planned new trading symbol to be announced in the very near future.

This announcement is the result of the company’s recent merger with Santeon, Inc. The company is anticipating significant expansion opportunities with its software development, broadcasting activities and other technical services. This name change will reflect the new direction, scope and size of the company and “Santeon Group” will be utilized as the cornerstone of its worldwide branding initiative.

The company plans to continue to operate using its current structure, utilizing the ubroadcast.com website for all broadcast, entertainment and media operations of the Santeon Group, Inc. The ubroadcast.com website will remain unchanged and continue to be improved and marketed with the assistance and guidance of the Santeon Group, Inc.

Ash Rofail, chief executive officer of Santeon Group, Inc., stated, “The name change to Santeon Group from ubroadcast, Inc. builds on a strong market position, which we will extend as we consolidate operations.” Mr. Rofail continued, “For more than five years, the Santeon name has been synonymous with reliability, stability and cost efficiency. Now, the coexistence and collaboration of ubroadcast from a single source offers our customers and channel partners a powerful choice of solutions, backed by a name and company that produces world-class technology practices around the world.”

Let us hear your thoughts below:

Javo Beverage Company, Inc. (JAVO.OB) Appoints a New Chairman and Interim CEO

Friday, May 28th, 2010

Yesterday, leading supplier of premium dispensable coffee and tea-based beverages Javo® Beverage Company, Inc. announced two new appointments: Ronald S. Beard as Chairman of its Board of Directors and Stanley L. Greanias as Interim Chief Executive Officer. In other news, Gary Lillian will continue as President, and Founder and former Chairman and Chief Executive Officer Cody Ashwell resigned from the Company and its Board of Directors to focus on a new business venture.

Since 2004, Ronald Beard has been a director of the company, serving as the Chairman of the Compensation Committee and a member of the Executive Committee. Mr. Beard is also the Chairman of the Board of Directors of Callaway Golf Company, where he has served as a Director since June 2001. Mr. Beard is a retired former partner of the law firm of Gibson, Dunn & Crutcher LLP.

Beard remarked, “I have had the pleasure of working closely with Cody over several years and I am grateful for his leadership and invaluable contributions. I wish Cody continued success in his new endeavors.”

Mr. Greanais also brings extensive experience with his appointment. Since 2009, Mr. Greanias has served as President and Chief Executive Officer of the Greek American Restaurant Cooperative; from 2005 to 2007, he served as the President and Chief Executive Officer of Grecian Delight Foods, Inc. In the past, from 1999 to 2003, he was the Vice President of Sara Lee Corporation and the Chief Executive Officer of Sara Lee Coffee and Tea, North America. From 1990 to 1999, he was Group President of Sara Lee Coffee and Tea, North America and from 1985 to 1990, the President and CEO of Superior Coffee. From 1992 to 1993, Mr. Greanias served as the chairman of the National Coffee Association.

Greanais commented, “I am excited to join the Company in this capacity and look forward to working with the management team and Board as we plan to move Javo to the next chapter of profitable growth. Having spent the majority of my career in the coffee and tea industry, I believe Javo’s innovative products position the Company well to further penetrate existing accounts, and add new ones, within the $7 billion U.S. foodservice market.”

Regarding Javo’s new appointments, Cody C. Ashwell, former Chairman and CEO of Javo Beverage Company, stated, “Stan Greanias brings a wealth of industry experience to Javo and represents a tremendous opportunity for the Company. As a shareholder of the Company, I fully support the management team, Stan and Ron, as we move forward to this next stage of Javo’s growth. As the founder of Javo, I am immensely proud to have led this company from inception, through commercialization of its products, capitalization, intellectual property development, and the creation of its national customer base, to its position today as a leader in the dispensed beverage industry. I depart with confidence that a strong management team and competitively superior products provide a solid foundation for building operating profits and shareholder value.”

Let us hear your thoughts below:

Jamba Inc. (JMBA) Reports Net Loss and Outlines 2010 Goals

Friday, May 28th, 2010

Jamba Inc. reported a net loss of $5.3 million, or $0.13 per diluted share, in the first quarter of fiscal 2010, which ended 4/20/2010. The company lost $10.2 million, or $0.19 per diluted share, in the same time period in 2009.

Jamba Inc. also reported a decline in revenue on a year over year basis, from $88.9 million in the first quarter of fiscal 2009, to $80.4 million in the quarter that just ended. Comparable store sales fell in the first quarter of fiscal 2010 by 3.3% compared to the prior period.

Jamba Inc. outlined the goals that the company hopes to achieve during 2010. These goals include positive comparable store sales growth, company wide EBITDA margins of 5-7%, a reduction in selling, general and administrative expenses of 10-12% and the opening of 50 franchised stores.

James D. White, the CEO of Jamba, Inc., said, “We have several key strategies for 2010 and our first quarter results put us on track to meet them. I am also pleased with the sequential quarter over quarter improvement in our comparable sales and store traffic improvement, addition of 50 franchised stores to its base.”

Jamba Inc. opened 7 franchise stores and one company store during the first quarter of fiscal 2010, bringing the store base to 458 company owned stores and 287 franchise stores.

For more information on the company, go to www.jambajuice.com

Let us hear your thoughts below:

Conn’s, Inc. (CONN) Reports Higher Gross Margin in First Fiscal Quarter

Friday, May 28th, 2010

Conn’s, Inc. reported net income of $5.5 million, or $0.25 per diluted share, in the first quarter of fiscal 2011, which ended 4/30/2010. The company reported net income of $11.4 million, or $0.50 per diluted share, in the same quarter in fiscal 2010.

Conn’s, Inc. said that sales in the first quarter of fiscal 2011 were $197.5 million, down from $239.9 million in the corresponding quarter in fiscal 2010.

Despite the drop in revenue, Conn’s, Inc. reported a year over year increase in gross margin, which came in at 27.9% for the first quarter of fiscal 2011. Gross margin was 25% in the same quarter in fiscal 2010.

Conn’s, Inc. blamed the fall in sales on the general economic environment, and the emphasis by management on maintaining prices rather than sacrifice margins at the company’s retail store base.

Tim Frank, the CEO of Conn’s Inc., said, “I am encouraged by the positive trends we saw across our retail and credit operations this quarter, driven by improved execution by our team. I believe we can continue to deliver improved performance, especially in the third and fourth quarters, given our higher level of execution and the recent stabilization of the economic conditions in our markets.”

Conn’s Inc. is a specialty retailer with a base of operations in the southern United States. The company offers home appliances, electronics and other home products at 76 retail locations in Oklahoma, Louisiana and Texas.

For more information on the company, go to www.conns.com

Let us hear your thoughts below:

Hana Biosciences, Inc. (HNAB.OB) Video Chart for Friday, May 28, 2010

Friday, May 28th, 2010

HNAB has made two nice moves in the last two months. Now the stock is back down on support and yesterday gave indication that another bounce is possible.

Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=407

Let us hear your thoughts below:

FDA Panel Scheduled to Review MELA Sciences Inc.’s (MELA) MelaFind Approval Application

Thursday, May 27th, 2010

Medical technology company MELA Sciences Inc. recently announced that its pre-market approval (PMA) for MelaFind will undergo review by the General and Plastic Surgery Devices Panel appointed by the U.S. Food and Drug Administration (FDA) on August 26, 2010.

As the deadliest form of skin cancer, melanoma is responsible for roughly 80 percent of skin cancer fatalities, and melanoma rates continue to increase with an estimated 120,000 new cases projected in 2010. There is no cure for advanced-stage melanoma, which makes early detection vital for recovery.

MelaFind is the company’s hand-held imaging device that emits multiple wavelengths of light to capture images of suspicious pigmented skin lesions and extract data, serving as a tool for early detection.

“We are so pleased to see the MelaFind review process move forward,” Joseph V. Gulfo, MD, president and CEO stated in the press release. “We and our advisors look forward to the Panel meeting with great anticipation. We have had positive and constructive interactions with the agency culminating in the submission of our formal response to the FDA’s questions regarding the PMA application earlier this month. We are now fully focused on preparing for the August 26th panel meeting and firmly believe that MelaFind will be found to be a valuable tool to help dermatologists detect melanoma at the earliest, most curable stage.”

MELA said it received a letter from the FDA on March 19, 2010. The letter included several questions regarding the MelaFind PMA application, and ultimately stated that the application was not approvable at that time. The review process was extended for up to 180 days from the company’s submission of the response to the FDA action letter.

In April MELA submitted a draft response and held an in-person meeting with the FDA to review and clarify questions in the initial letter from the FDA. The company submitted the final formal response to the FDA on May 7, 2010.

For more information visit www.melasciences.com

Let us hear your thoughts below:

International Fuel Technology Inc. (IFUE.OB) Completes 4 Years of Testing for Proprietary Fuel Additive

Thursday, May 27th, 2010

International Fuel Technology Inc. today issued an update on years of testing of DiesoLiFT 10, the company’s proprietary fuel additive formulation.

The company said it recently completed more than four years of extensive rail engine testing and field demonstration in the U.K., confirming the use of DiesoLiFT 10 provided a significant improvement in use in fuel economy and power.

Beginning in January 2006, Interfleet Technology Ltd. conducted a series of four test bed trials and one large-scale in-service field demonstration in various rail engine types and fuel types. The first four trials were test bed trials incorporated the facilities and personnel of mi Technology Group, an independent test facility in the U.K.

In each trial the additive demonstrated a positive effect by increasing power or reducing fuel consumption (or both), and by generating a consistent reduction in particulate matter emissions.

In two of the test bed trials, fuel consumption was reduced by 6.9 percent and 5.9 percent; power increases ranging between 2.0 percent to 3.5 percent occurred in three of the tests, along with a reduced boost pressure in all of the tests. In the Perkins 2006 TW-H test bed trial, DiesoLiFT 10 demonstrated a 3.5-percent increase in power output from the engine.

The company said that in the fifth test, the large-scale in-service field demonstration, DiesoLiFT 10 showed a significant reduction in fuel consumption rates when the additive was included into the fuel mix.

For more information visit www.internationalfuel.com

Let us hear your thoughts below:

Ad Systems Communications, Inc. (ADSY.OB) is “One to Watch”

Thursday, May 27th, 2010

Ad Systems Communications, Inc. is a leading service provider of digital media and video communications for all major cable TV networks. Trading on the OTC Bulletin Board, the Company provides quality advertising inventory for cable TV networks such as ESPN, MTV, DISCOVERY, CNN, LIFETIME, A&E, FOX NEWS, and TNT. Ad Systems Communications, Inc. has their headquarters in Salem, Oregon.

The Company garners revenue from selling advertising inventory to advertisers for insertion of both long and short form video commercials into highly targeted markets. Ad Systems Communications provides the experience, expertise, and technology to allow cable operators to monetize inventory optimally. This is while the Company’s advertising account representatives focus on finding advertising clients cost-effective ways of messaging TV audiences.

Ad Systems Communications helps advertisers interested in building sales and improving brand recognition. They offer the specific advantage of reaching highly targeted TV markets other cable providers cannot.

They offer Market Specific Ads, which provide advertisers the ability to reach cable television viewers in specific markets across the U.S. This is via exclusive agreements with the client’s area cable company. Market Specific Ads is the exclusive sales arm for Ad Systems Communications Inc. and their subsidiary companies. Their technology has evolved into the latest digital platform.

The Company provides Cable TV Operators instant entrance into the Cable Ad Sales business. They provide, in the U.S., a complete turnkey solution to generate advertising revenue on any size system on a revenue share basis. This is through using their business model that alleviates the capital investment in hardware and software for traffic management. They have deployed more than four hundred systems globally.

Earlier this week, Ad Systems Communications, Inc. said that they increased their advertising footprint in the Salt Lake, Utah DMA by 6.35 percent. This is through the signing of Centra Telecom. Ad Systems contracted with Centra Telecom for the installation of three new systems in the Salt Lake City DMA.

Yesterday, the Company announced the addition of new revenue generating national advertisers to their growing presence in the Utah designated market area (DMA). They welcome Farmers Insurance and Arby’s among others as their newest national advertisers in the Spanish Fork, Utah cable TV system. The addition of these new core national advertisers gives Ad Systems’ the ability to generate increased ad revenue. This is as the Company continues their deployment of ad insertion systems throughout the Utah DMA.

Today, Ad Systems Communications, Inc. announced that their proprietary, patent-pending cable TV ad insertion technology would undergo installation on the cable TV systems of Minetfiber.com in Independence, Oregon. This contract names Ad Systems Communications, Inc. as the exclusive cable advertising sales company for Minetfiber’s residential Cable TV systems.

Let us hear your thoughts below:

PTS, Inc. (PTSH.OB) Positions for Massive Growth, Having Squared Away Financials and Filings

Thursday, May 27th, 2010

PTS, Inc., www.ptspi.com, took a moment today to provide a status update to shareholders detailing important recent activity regarding the Company’s handling of 1Q FY10 filings and financials and its clean wrap-up of the business with subsidiary Disability Access Corp (DBYC). PTSH is now moving forward with solid financials that are 100% squared away, opening the door for various merger and acquisition opportunities.

The return of the Company’s special merger and due diligence team from Europe and Asia, which was dispatched May 11th, has yielded substantial high-quality data on multiple prospects; indeed, several companies have shown better-than-expected results, and several synergistic combinations of companies have come to light.

With medical, pharmaceutical and biotech candidates leading amongst possible contenders for PTSH, and select Chinese mass manufacturing and distribution outfits coming in a close second, the Company has gone on record stating its interest to keep all options open for the immediate future; however, interim CEO Marc Pintar did disclose that a leading EU biochemical concern, which shows incredible growth potential in reconstructive and regenerative medicine (and also as a sector), has been earmarked for action.

Pintar went on to say that each candidate under review has significant assets and revenues in the millions-of-dollars range, and that – as attentive as the Company is to the desire to move forward as soon as possible – an equitable and rigorously vetted choice for a merger candidate was the shrewdest move to make.

Pintar concluded by citing the strong relationship with Mina Mar Group (MMG), which has produced such excellent mergers and acquisitions results, and reminded shareholders and interested parties that MMG is available as a persistent feedback system able to process all inquiries to the shareholder’s complete satisfaction, allowing shareholders to monitor the PinkSheets.com Filing section and also MMG’s PR and Filings section for other updates.

Let us hear your thoughts below:

PolyMedix, Inc. (PYMX.OB) Awarded National Science Foundation Grant for Development of Biomimetic Antimicrobial Sutures

Thursday, May 27th, 2010

PolyMedix, Inc., www.polymedix.com – developer of biomimetics (protein-mimicking polymers and compounds comprised of small molecules), as well as other first-in-class therapies for lethal, acute disorders via a proprietary computational drug design technology – announced today reception of a $150k National Science Foundation (NSF) grant for antimicrobial suture R&D.

The Company’s two leading defensin-mimetic candidates have both completed Phase 1B clinical trials and Phase 2 is slated for this year:

• PMX-60056 anticoagulant reversing agent
• PMX-30063 antibiotic that mimics a defense protein from the host immune system

PolyCides™ are a family of antimicrobial polymers developed by PYMX. The grant (commencing at the start of July this year) will be applied towards developing a specific class of PolyCides ideally suited for antimicrobial suture applications, and will support an estimated six months of research.

The overarching goal of the R&D effort will focus on creating antimicrobial sutures with full-spectrum control capability for the sort of pathogenic agents typical of surgical site infections (SSIs), and will also negate much of the potential for bacteria to develop a resistance due to the unique biomimetic functionality of the PolyCide polymer materials.

SSIs are the number three cause of hospital-acquired infections, often leading to serious complications and even death. Because 60% of SSIs are at the incision site, such antimicrobial sutures with robust characteristics may go a long way toward solving this problem in one fell swoop.

President and CEO of PYMX, Nicholas Landekic, expressed delight at reception of the grant, noting that this is the 12th such grant awarded, and confirmed the NSF’s commitment to helping spearhead forward momentum of this important biotechnology. Landekic also indicated his confidence that further defensin-mimetic work enabled by the grant would produce important fruits for clinicians to solve extant SSI problems.

Contingent upon success of ongoing research, PYMX looks to exploiting the full potential of this technology for wound closure and infection control applications across the board, with catheters and implants being the next and most immediate potential applications.

Let us hear your thoughts below:

Vanguard Management Corp. (VNGM.OB) to Act as Strategic Consultant for Global Payout

Thursday, May 27th, 2010

One company that is starting to capture the attention of investors is the San Diego, California based Vanguard Management Corporation. Vanguard Management Corp. is a business unit of the Vanguard Minerals Corporation and has earned a stellar reputation by evolving into a leading private equity, management consulting and business development firm with core competency in emerging growth companies. Today, Vanguard Management Corp. announced that they have been retained as a strategic consultant by Global Payout.

Global Payout is a Business to Business services company that offers payment and acquiring solutions for domestic and multi-national companies. Vanguard Management will assist Global Payout in company growth plans which include international expansion, marketing assistance and website redesign along with many other venues.

Commenting on what the relationship between Vanguard Management and Global Payout will mean to the industry, Jim Price, who serves as the Chairman and CEO of Aero Financial was quoted as saying, “We feel that Global Payout and their products represent a tremendous opportunity in the payment processing industry. They have a strong, nimble, and experienced management team as well as an innovative and well thought out product that offers tremendous opportunities for expansion. We believe that effective application of targeted capital and marketing efforts will open up a world of possibilities for Global Payout.”

Currently, Vanguard Management is trading in the $3.00 range. With this news and many other positive happenings in their pipeline, the Vanguard Management Corporation is a company to keep an eye on.

To learn more about the Vanguard Management Corporation, visit their website at: www.vanguard-corp.com.

Let us hear your thoughts below:

CompuMed, Inc.’s (CMPD.OB) eHealth Technology to Be Rolled Out Across Ohio

Thursday, May 27th, 2010

CompuMed Inc. develops and markets products and services that combine advanced imaging with medical informatics. The company’s focus is on the analysis and remote monitoring of patients with cardiovascular and musculoskeletal diseases with its CardioGram and OsteoGram systems.

The company reported today that its CardioGram and OsteoGram systems have been incorporated as core components of Visio Mobile Diagnostics’ suite of telemedicine and digital x-ray-based healthcare services. Visio is Ohio’s largest provider of mobile x-ray and cardiac testing services and brings the diagnostic testing center directly to the patient. Visio has begun to roll out Compumed’s digital telemedcine technology to hospitals, occupational and home health clients, as well as long-term care facilities in mobile and rural markets across Ohio.

This announcement follows CompuMed’s recently initiated campaign to reach underserved markets for cardiac care, which include geriatric, pediatric and rural healthcare. The company plans to reach these markets by building upon its existing network of hundreds of CardioGram sites nationwide. CompuMed has launched a series of initiatives designed to deliver its telecardiology services via industry partners, like Visio, that already provide healthcare services to underserved markets.

What Is CompuMed’s CardioGram and How Does It Work?

CompuMed’s CardioGram is a portable device supported by proprietary work-flow software, with unique features designed to appeal to the cost-saving trends in eHealth, and makes performing a 12-lead electrocardiogram (ECG) easier and more cost-efficient.

After patient preparation, the ECG is acquired with the push of a button. The ECG data is digitally transmitted via any phone or internet connection to the company’s computer laboratory for instant analysis. ECG data is interpreted by sophisticated computer algorithm and interpretations are available in near real-time at the CardioGram device. The data and interpretation can then be transferred to an electronic medical record (EMR) via CompuMed’s proprietary EMR software solution.

The company’s EMR software also allows the CompuMed’s laboratory to process ECGs for any customer from any location, regardless of the brand of ECG machine used. However, the most unique feature of the CardioGram is the device’s over-read capabilities or “The Doctor Inside”. This feature immediately engages one of CompuMed’s on-call cardiologists to over-read the computerized interpretation. Cardiologist-generated interpretations can be made available to attending physicians at the point-of-care, providing expert interpretations.

CompuMed’s long-standing position as a leader in the remote interpretation of electrocardiograms puts it ahead of the game in the emerging market for telemedicine. According to Datamonitor, the telemedicine industry is expected to nearly triple over the next three years, topping $1.6 billion.

Let us hear your thoughts below:

Blue Marble Media (BMMCF.OB) Receives $3 Million Dollar Order for Cheering Event at 2010 World Cup

Thursday, May 27th, 2010

Blue Marble Media Corp. announced today that, through their wholly-owned subsidiary, Blue Cree Company Ltd., they have been awarded a contract for a street cheering event for the Korean matches as part of the 2010 World Cup Soccer event in June. The World Cup this year will take place in South Africa, marking the first time that the World Cup is being hosted by an African nation. The order to Blue Cree was obtained from Hyundai Motor Company, the official host of the event. The event is organized by the Korean Football Association and sponsored by SK Telecom.

The cheering events are scheduled for June 12th when Korea plays Greece, June 17th when Korea plays Argentina, and June 23rd when Korea plays Nigeria. The events will take place at the Seoul City Hall Public Square with 400,000 people and are scheduled to begin prior to the match and continue throughout and after the match has ended.

Street cheering evolved in Korea during the 2002 World Cup when millions of Koreans wearing red T-shirts came out of their homes to cheer collectively on the streets for the national soccer team. According to estimates, 800,000 people flooded the streets for South Korea’s match with Poland, 1,500,000 for the South Korea-U.S. match and 2,800,000 for the South Korea-Portugal game. During South Korea’s quarterfinal with Italy, an astonishing 4,200,000 fans wearing red T-shirts were on the streets sending fervent messages to the players. The events are a great source of pride and nationalism for Korea as they are characterized by bonding together in an extremely organized manner without the typical aggressive behavior that often accompanies soccer fan gatherings of such a large magnitude.

Being attached to an event of such distinguished character and popularity presents Blue Marble with not only a large revenue stream, but also gives the Blue Marble the worldwide exposure that can lead to other contracts. Operating out of Seoul, South Korea for the last 8 years with average revenues around $10 million USD per year, Blue Marble is aligning itself to enter the North American markets. They provide integrated media systems with a team of specialists in TV commercial production, BTL promotion, advertising, film production, 3D contents, star management, drama production and investment. More information on Blue Marble and their operations can be found on their corporate website at www.bluemarblemedia.ca.

Let us hear your thoughts below:

Ad Systems Communications, Inc. (ADSY.OB) Announces Penetration of Oregon Cable Market

Thursday, May 27th, 2010

Ad Systems Communications, Inc., a leading service provider of digital media and video communications for all major cable TV networks, announced earlier today that its proprietary, patent-pending cable TV ad insertion technology will be installed on the cable TV systems of Minetfiber.com in Independence, Oregon. Ad Systems Communications, Inc. will be the exclusive cable advertising sales company for Minetfiber’s residential Cable TV systems.

“This cable TV ad insertion system is the company’s first deployment in the Portland, Oregon DMA and it represents a strategic building block in our expansion plan. Oregon offers a great opportunity due to the large number of rural cable TV systems which are perfect for our innovative ad insertion and video streaming capabilities,” stated J. Michael Heil, CEO of Ad Systems Communications, Inc.

A digital media and video communications service provider, Ad Systems Communications, Inc. provides quality advertising inventory for all the major cable TV networks such as ESPN, MTV, DISCOVERY, CNN, LIFETIME, A&E, FOX NEWS and TNT by deploying its patent pending insertion and streaming media technology into the cable, satellite and IP television markets. The company generates revenue from this inventory by selling it to advertisers who desire to insert video commercials into highly targeted markets.

Let us hear your thoughts below: