October 2008 - Page 23 of 50

FridayOct 17, 2008 5:01 am

The Chief Executive Officer of SpongeTech Delivery Systems (SPNG.OB) Comments on Growth during Interview on American Scene Radio Show

SpongeTech Delivery Systems, Inc. (SPNG.OB), a development stage company, which designs, produces, and markets a unique line of reusable cleaning patented and patent-pending products that utilize hydrophilic (liquid absorbing) foam and polyurethane matrices, recently announced that the company’s president and chief executive officer, Michael Metter, appeared on Steve Crowley’s American Scene Radio Show earlier this week. Mr. Metter stated, “We are taking steps to really expand our business. Things that we have been working on over the last year are starting to come to fruition.” The company also announced its financial results for the first the first quarter ended August…

ThursdayOct 16, 2008 6:18 pm

Simtrol, Inc. (SMRL.OB) Assists Educational System in Managing Classroom Tools

Throughout the educational system, teachers are constantly striving to better engage and educate their students. With innovative technology popping up regularly – including interactive whiteboards and distance learning equipment – advanced systems are being deployed in K-12 classrooms, college lecture halls, corporate training rooms, and other learning environments to make the educational mission more attainable. Digital signage is in the midst of this technological transformation, as well as security cameras, emergency response systems, access control systems, and other communications technologies. They are being installed to improve the communication flow, safety and efficiency of school operations. Although billions of dollars are…

ThursdayOct 16, 2008 12:26 pm

Peabody Energy Corp. (BTU) Reports Better Than Expected Profits

Peabody Energy is the world's largest private-sector coal company, fueling approximately 10 percent of all U.S. electricity generation and 2 percent of worldwide electricity. Peabody said global demand for U.S. coal continues to rise. Exports are running 44 percent ahead of 2007 and on pace to reach 85 million tons by this year's end, with continued increases expected in 2009. Peabody reported net income of $369 million, or $1.36 cents per share, in the third quarter. That compares with $32.3 million, or 12 cents per share, in the year-earlier period. It now expects income from continuing operations of $3.00 to…

ThursdayOct 16, 2008 12:25 pm

Social Security Gets Inflation Adjustment of 5.8%

The largest inflation adjustment in 27 years will begin in January. It's the largest increase since a 7.4 percent jump in 1982 and is more than double the 2.3 percent rise that retirees got in their monthly checks starting in January of this year. The typical retiree's monthly check will go from $1,090 to $1,153. The average monthly check for a disabled worker will go from $1,006 to $1,064. Good news for 50 Million people who are strapped for cash and living on a fixed income. Using the money to offset the increased costs of food, medication, and energy the…

ThursdayOct 16, 2008 12:23 pm

Hedge Fund Managers Struggling to Hold On

Hedge Fund Managers, which have been the most highly paid financial professionals in the industry, easily topping CEO compensation by a wide margin, are currently struggling in this volatile market. Gone are the days of the fat hedge fund which can keep a stock between their preferred levels, with a bet on each side of the fence. New rules and regulation “game-changers” are affecting the hedge funds in unexpected ways. Todd Harrison, CEO of Minyanville.com and a former hedge fund trader, stated that the hedge fund community is going through a "cleansing process" and 50% of existing funds won't likely…

ThursdayOct 16, 2008 12:19 pm

Elray Resources, Inc. (ELRA.OB) Moves Zircon Sand into Gold and Precious Metal Portfolio

Zircon sand is used in a wide variety of industrial processes, although you may not be familiar with the substance. Major uses of Zircon include the glass substrates of liquid crystal displays (LCDs) and plasma display panels (PDPs). In the ceramic industry, zircon sand is used as an additive to glazes on tiles. It is also used in abrasives, electronics, oxygen sensors, ceramic pigments, paints, catalysts, and fuel cells. In addition, it is used as a neutron absorber in nuclear reactor control rods. Demand for Zircon sand is set for ongoing continuing growth as world consumption increases. Roskill Information Services…

ThursdayOct 16, 2008 12:17 pm

Converted Organics (COIN) Appoints J. M. Coull as Construction Manager for New Rhode Island Production Facility

Converted Organics produces valuable all-natural, organic soil amendment or fertilizer products through food waste recycling. More than 230 million tons of solid waste is produced in the United States each year. Recycling succeeds in preventing about 30 percent of these wastes from being dumped in a landfill or incinerated. The company uses proven, state-of-the-art technologies to create a product using this food waste that helps grow healthier plants and improve environmental quality. Their new facility in Rhode Island needed an experienced construction service with a wide range of specialties. “Converted Organics is extremely pleased to prepare for the construction of…

ThursdayOct 16, 2008 12:14 pm

Grab Your Workout Clothes – Cybex International, Inc. (CYBI) Launches New Line of Fitness Equipment

Cybex International provides premium exercise equipment for commercial and consumer use with three complete lines of strength equipment and over 150 unique pieces. Each line is designed to meet the needs of a different market segment. Cardiovascular equipment includes treadmills, bikes, steppers, and the revolutionary ArcTrainer – a cross trainer named Best Product of the Year by Fitness Management two years in a row. Their new 750 family of cardio products were launched at the Club Industry trade event in Chicago, IL. Even though you personally might not be thinking of the New Year, fitness clubs and gyms all across…

ThursdayOct 16, 2008 12:12 pm

Frozen Credit Markets Show Signs of Thawing

Everyone is joining aboard to solve this world credit crisis. The U.S. government along with several international governments planned a series of global, coordinated steps to shore up investor confidence and encourage banks to start lending to each other both domestically and abroad. The Federal Reserve announced it would provide unlimited dollars, on a short-term basis, to the Bank of England, the European Central Bank and the Swiss National Bank. On Tuesday, the Bank of Japan joined the program. This is wonderful news to the skittish banking industry, which has been holding onto cash, rather than lending to other financial…

ThursdayOct 16, 2008 12:10 pm

Jewett-Cameron Trading Company Ltd. (JCTCF) – Not in the Dog House

Jewett-Cameron Trading Company has four subsidiaries, each with its own business focus. The combination of all of them has helped Jewett-Cameron find a cozy niche in today’s markets. They actually posted their most profitable quarter results on July 14th in a down market for new construction. Those subsidiaries are: Jewett-Cameron Lumber Corporation: Their business consists of warehouse distribution and direct sales of specialty metal products and wood products to home centers and other retailers. These products are primarily lawn, garden and pet items. Metal products include dog kennels, a gate support system, and perimeter fencing; while wood products include fencing…

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Month: October 2008