May 2008 - Page 18 of 67

ThursdayMay 22, 2008 4:32 am

Reed’s Inc. (REED) Reports Increased Net Sales for First Quarter 2008

Reed’s, Inc. (REED) announced its first quarter financial results for the period ending March 31, 2008. During the first quarter, Reed’s focused its sales efforts onto mainstream grocery store accounts. The company recognized the need to reduce expenses in this period of economic uncertainty and rising fuel costs, and implemented a cost reduction strategy that should reduce operating expenses by approximately $300,000 each month starting in April 2008, with an annualized savings equaling $4 million. The company also increased prices on select items to help offset rising commodity prices and to keep their prices in-line with other natural sodas in…

ThursdayMay 22, 2008 4:25 am

ADVENTRX Pharmaceuticals, Inc. (AMEX: ANX) CEO Discusses Oncology Programs at Conference

ADVENTRX Pharmaceuticals, Inc. (AMEX: ANX), a biopharmaceutical company focused on clinical development of antiviral and anticancer technologies, recently delivered a presentation at the Rodman & Renshaw 5th Annual Global Healthcare Conference in Monte Carlo. ADVENTRX Pharmaceuticals’ president and chief executive officer, Evan M. Levine, spoke at the convention, noting that the company is working to improve the performance and commercial potential of its existing therapies. Specifically targeting the oncology market, the company is currently focused on advancing its novel emulsion formulations of marketed chemotherapy drugs, ANX-530 (vinorelbine emulsion) and ANX-514 (docetaxel emulsion). ADVENTRX Pharmaceuticals plans to file NDAs for these…

ThursdayMay 22, 2008 4:24 am

Abiomed, Inc. (ABMD.OB) CEO Announces Fourth Quarter Results and Goals for 2009

Abiomed Inc. (ABMD.OB), a leading provider of medical devices that provide circulatory support to acute heart failure patients across the continuum of care in heart recovery, recently reported a fourth quarter loss of $15 million, or $0.46 per share. This earnings statement is down from a loss of $6.35 million, or $0.22 per share one year earlier. The company fell short of analyst expectations, which were a loss of $0.19 per share and revenue of $19 million. Revenue for the 12 months ended March 31, 2008 reached $58.9 million, up 16 percent year over year. The company is predicting revenue…

ThursdayMay 22, 2008 4:22 am

Suntech Power Holdings Ltd. (STP) Reports First Quarter Earnings and Revenues ahead of Estimates

Suntech Power Holdings Ltd. (STP), a manufacturer of photovoltaic solar cells and panels for power generation in China, reported first quarter non-GAAP net income of $60.6 million, or 35 cents per diluted American Depositary Receipt, well above analysts’ consensus estimate of 27 cents and an increase of 85% year over year. Net revenues of $434.5 million were 15% higher than expected and 76% above last year’s sales. "We executed extremely well during the first quarter, despite the impact of the snowstorm, to deliver stronger than expected growth in net revenues and solid financial results," said Dr. Zhengrong Shi, Suntech's Chairman…

ThursdayMay 22, 2008 4:20 am

Tyco Electronics Ltd. (TEL) Saving Grace

Tyco Electronics Ltd. (TEL) said Wednesday it is donating $1 million worth of emergency wireless communications equipment and field technical services to disaster relief teams in China following last week's devastating earthquake. The company's Wireless Systems segment is providing mobile communications equipment, portable and mobile radios, base stations and network control equipment and, through its Chinese staff, engineering assistance. The donation is in addition to the $150,000 in cash that Tyco Electronics has donated to the Red Cross Society of China and the $90,000 in products and services that the company's Network Solutions segment has committed to help rebuild communications…

ThursdayMay 22, 2008 4:19 am

Advanced Micro Devices Inc. (AMD) Wins Environmental Award

The U.S. Environmental Protection Agency on Monday announced that Advanced Micro Devices Inc. won a Climate Protection Award "in recognition of its continued commitment to protecting the global climate through energy-efficient product innovation, facility design and management, and industry education." Sunnyvale-based AMD is a charter member of the EPA's Climate Leaders Partnership and a founding member of The Green Grid. "AMD is honored to receive this prestigious award from the EPA, and I am proud to lead a company that recognizes its responsibility to minimize our impact on the global climate," said Dirk Meyer, AMD's president and COO. "We have…

ThursdayMay 22, 2008 4:18 am

First Payment Received by NaturalNano, Inc. (NNAN.OB) From Fortune 200 Company

NaturalNano, Inc. (OTCBB: NNAN) announced this morning that it has received a first payment from a Fortune 200 corporation for HNT™ extended release technology. The company added that they are not releasing the name of the Fortune 200 company name at this time due to competition reasons. This is only one of several orders NaturalNano has with Fortune 500 companies. "We've demonstrated our HNT technology as a superior additive for plastics. We're now focused on customer-specific product development and gearing up for production shipments with both large and mid-size companies," stated Cathy Fleischer, Ph.D., NaturalNano President and CTO. "We remain…

WednesdayMay 21, 2008 6:52 pm

Mega Media Group Inc. (MMDA.OB) – Pulse87 Delivers Beat and Revenues in Competitive NY Radio Market

Pulse87 radio station is a division of Mega Media Group Inc. (OTCBB: MMDA), broadcasting to the booming New York radio market - a market generating more than $600 million dollars in revenues and ranked the No. 1 market in the United States. Aside from its energizing Web site and popular play lists, the station is home to the popular Star & BucWild Morning Show, which generated more than $12 million a year on previous stations, trumping even the “King of All Media,” shock-jock Howard Stern, in ratings. Pulse87 is in direct competition with z100 New York, which generates more than…

WednesdayMay 21, 2008 3:09 pm

Superior Oil and Gas Co. (SIOR.OB) Announces Two Wells Completed

Superior Oil and Gas Co., (SIOR) announced today that its two wells in Logan County, Oklahoma, have been completed. The Chickie Number 1 well and the Gayla Number 1 well are now hooked up to gas and oil lines. Mr. Lloyd stated, "We are excited to have these wells completed and look forward to monitoring them for the next 90 days to see what the ultimate production will be." Superior Oil and Gas recently signed three agreements with PVR Midstream, LLC. PVR Midstream will purchase natural gas from Chickie Number 1, Lonesome River A Number 1, and Gayla Number 1…

WednesdayMay 21, 2008 3:07 pm

OTCPicks Featured Company: UOMO Media, Inc. (UOMO.OB) Adds New Directors to Company Roster

The NE Inc., a fully owned subsidiary of UOMO Media, Inc. (OTC: UOMO), recently made it public that they have added new directors to the company roster. Marc Andre Debruyne and David F. Mewa are two very accomplished commercial, film and video directors, and are now an intricate part of the production team at The NE Inc. Another addition to the team is acclaimed video director Cazhhmere, who has worked with artists Jordan Croucher (EMI), Classified (Halflife/URBNet), Justin Nozuka (Coalition), Choclair (Sauve Dawg), and Melanie Durrant. Lastly, the company added STIRLING, who has recently directed videos for Drake featuring Trey…

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Month: May 2008