September 2008 - Page 32 of 61

MondaySep 15, 2008 1:26 pm

Best Buy Co. Inc. (BBY) and Napster Inc. (NAPS) Coming to One Store Near You in $121M Deal

Maybe you’re thinking Best Buy Co. Inc. (NYSE: BBY) and Napster Inc. (Nasdaq: NAPS) were dominating giants in their respective industries. Now the two companies have announced they will merge into a mega-media company through a definitive agreement worth approximately $121 million. Best Buy will offer all outstanding Napster shares for $2.65 per share in cash. Napster recently launched one of the world’s largest MP3 stores and posted fiscal 2008 revenue of $127.5 million, up 15 percent from the year prior; a loss of $16.5 million, as compared to a loss of $36.8 million the prior fiscal year; and positive…

MondaySep 15, 2008 12:54 pm

WPCS International Inc. (WPCS) Reports 30% Increase in First Quarter Sales

WPCS International Incorporated (WPCS), a communications and wireless infrastructure engineering services company, reported first quarter 2009 financial results this afternoon after the close. Revenues rose to $28.3 million, an increase of 29.6% year-over-year from $21.8 million. One analyst surveyed anticipated quarterly revenues of $28.0 million. Net income fell 35% to $838,000, or 12 cents per share, compared to $1.3 million, or 16 cents per share, for the same period last year. There were no analyst earnings estimates. Backlog of unfilled orders rose 74% to $54 million, compared to $31 million on July 31, 2007. “We are pleased with our results…

MondaySep 15, 2008 12:53 pm

Deep Down Inc. (DPDW.OB) Subsidiary is Moving at the Speed of Light

Flotation Technologies, a Deep Down Inc. company (OTCBB: DPDW.OB), has been named the 27th fastest growing, privately owned manufacturing company in the United States by Inc. Magazine. Flotation, which has its headquarters in Maine, is a worldwide company that is a renowned leader in the engineering, design and manufacture of deepwater buoyancy and polyurethane elastomer products. Overall, Flotation ranked 1,006 on the prestigious Inc. 5000 list. A large reason for the notoriety and success of the company is the fact that Flotation has doubled its revenue from 2006 to 2007. Flotation is led by their President David Capotosto, who brings…

MondaySep 15, 2008 11:13 am

Tri-Star Holdings, Inc. (TSHL.PK) Announces Subsidiary

TRI-STAR HOLDINGS, INC. announced its subsidiary, ERHU, Inc. has begun production of its prototype emergency response hospital unit (ERHU) and is on schedule for its target completion. The company has purchased a Coachman Sport Catalina RV and is being outfitted in the company-owned warehouse in Ft. Lauderdale, FL. Designer Victor Adams has been overseeing the cutting of materials according to the design patterns for the patient wings, with assembly on the inflatable units to commence assembly next week. Company Secretary and Director Donna Yamin said, "The company is in full operations and on target to complete the unit as fast…

MondaySep 15, 2008 10:18 am

Supreme Industries Inc. (STS) Meets Customers Specifications

It all began in 1974 for Supreme Industries Inc. when Omer Kropf and a business partner started the company in Goshen, Indiana. He felt there was an untapped need for higher quality light-and medium-duty truck bodies. His idea was to build the highest-quality truck bodies available and sell directly to dealers to more efficiently serve this market. What began as an operation with 25 employees is now a publicly traded company on the American Stock Exchange (AMEX). Still based in Goshen, Supreme Industries Inc. is a U.S.-wide manufacturer of specialized truck bodies. The company custom-builds these truck bodies to the…

MondaySep 15, 2008 10:15 am

Westwood One Inc. (WON) – A Major Content Provider

Founded in 1974 and headquartered in New York City, Westwood One Inc. is a content provider to various media partners. They offer more than 150 news, sports, music, talk, and entertainment programs, as well as features and live events. Trading on the New York Stock Exchange (NYSE), the company is part of the General Entertainment industry in the Services sector. Westwood and their subsidiaries provide information services and programming to the radio, TV, and online industries in the United States. Their subsidiaries, Metro Networks and Shadow Broadcast Services, provide analog and digital local content to radio and TV stations. This…

MondaySep 15, 2008 10:13 am

Bright Strike Tactical Illumination Products Inc. (BSTI.PK) Recently Featured in USA Today

Bright Strike Tactical Illumination Products Incorporated, a maker of tactical flash lights and personal protection systems, was recently featured in a full-page USA Today advertisement. Bright Strike, founded by two former police officers, recently introduced the Tactical Blue Dot Series of protective flashlights, and those flashlights are already being used by private citizens and law enforcement agencies such as the CIA and FBI. The Massachusetts-based company’s flashlights feature Light-Emitting Diode technology (LED) that creates a flawless, bright light that can be used to disorient an attacker. Bright Strike has partnered with Philips Lumileds, the world’s leading maker of LEDs, to…

MondaySep 15, 2008 9:45 am

Almadoro Minerals Inc. (ALDM.OB) Reforms as Software Development Concern, Name Changes to TopSlide Inc.

The fabled “garage start-up” is alive and well in the software applications world. It may have become a bit more sophisticated in recent years where company structure is concerned, but it is essentially the same animal - a person with an idea and a dream. As in the past, these ideas and dreams are not to be ignored. Finding the right idea and person to make it happen are the keys. Almadoro Minerals Inc., a company transitioning from mining exploration to software development, is currently a Canadian mining exploration company. As paperwork and filings are completed, it will begin operating…

MondaySep 15, 2008 9:43 am

U.S. Precious Metals Inc. (USPR.OB) Receives Environmental Approvals, Moving Forward in Southern Mexico Gold Region

One would wonder why miners hunt for a base metal such as gold. It takes extreme effort and months of aggravation just get the stuff out of the earth. Consistent value would be one possible answer, and then only part of the time. Fortunately, once the gold has been found and infrastructure put in place, there it remains waiting for those with the time and money to take it out and profit by it. U.S. Precious Metals Inc., a gold and base metals exploration and development company, works to develop and exploit mineral deposits primarily in Southern Mexico. The company…

SaturdaySep 13, 2008 5:03 am

ArcSight, Inc. (ARST) Promotes Tom Reilly to Chief Executive Officer

ArcSight, Inc. (NASD: ARST), a leading global provider of compliance and security management solutions that protect enterprises and government agencies, recently announced that Tom Reilly has been promoted to chief executive officer of ArcSight, Inc., effective October 1, 2008. Mr. Reilly will replace Robert Shaw, ArcSight chairman and chief executive officer since August 2001. Mr. Shaw will remain chairman of the board of directors. Mr. Shaw commented on the announcement and stated, “Mr. Reilly has played an integral role in making ArcSight the success that it is today, and I look forward to working with him in this new capacity.…

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Month: September 2008