August 2009 - Page 14 of 33

WednesdayAug 19, 2009 12:46 pm

Speedus Corp. (SPDE) Promotes John Kallassy to CFO

Speedus Corp. announced today that it has promoted John Kallassy to chief financial officer. Mr. Kallassy has served as executive vice president of Speedus for approximately eight years and will continue to serve as chief executive officer for Zargis Medical Corp., a position he has held for the past 4 years. Zargis is a majority-owned subsidiary of Speedus. "John has done an outstanding job as Zargis' CEO, where he successfully led the company from its research and development stage to a comprehensive product launch through a global marketing alliance with 3M," commented Shant Hovnanian, Speedus' chairman and CEO. "John's enthusiasm…

WednesdayAug 19, 2009 12:40 pm

NewStar Financial, Inc. (NEWS) Stock Rises on Announcement of Terminated Agreement to Acquire Southern Commerce Bank, N.A.

NewStar Financial, Inc. announced earlier today that it has terminated its agreement to acquire Southern Commerce Bank, N.A. and withdrawn its related regulatory applications. The news was looked upon favorably by investors as they sent shares up to a high of $2.44 today. “We have decided to terminate the agreement because it has become unlikely that we would receive approval of our applications on terms that would allow the company to achieve its objectives, which relied on our ability to restructure the combined company's balance sheet," stated Timothy J. Conway, NewStar's Chief Executive Officer. "Although we have decided to terminate…

WednesdayAug 19, 2009 12:32 pm

SNAP Interactive, Inc. (STVI.OB) Reports Financial Results for Second Quarter 2009

SNAP Interactive, Inc., a leading provider of online dating applications for social networking websites, today announced its operating results for the quarter ended June 30, 2009. Revenues for the quarter totaled $784,242, as compared to $533,257 in Q2 2008, a 47% year-over-year increase. Net income for the three months ended June 30, 2009 was $46,430 versus net income of $144,862 for the three months ended June 30, 2008, a 68% decrease. "We are excited to report our sixth consecutive quarter of operational profit," stated SNAP President & CEO Clifford Lerner. "We were able to maintain profitability while continuing to focus…

WednesdayAug 19, 2009 11:26 am

Cheviot Financial Corp. (CHEV) Reports Profit and Declares Dividend

Cheviot Financial Corp. declared a $0.10 dividend for the third fiscal quarter of 2009. The dividend is payable on September 30, 2009 to owners of record as of September 15, 2009. Cheviot Financial Corp. also reported net income of $225,000, or $0.03 cents per share, in its most recent completed quarter. This was approximately half the $446,000, or $0.05 per share, reported in the same quarter of 2008. The bank ended the quarter with total assets of $342.5 million and deposits of $230 million. Cheviot Financial Corp. is more than adequately capitalized and reported the following capital ratios: Tangible equity…

WednesdayAug 19, 2009 10:10 am

Beacon Equity Research Featured Company: Royal Gold, Inc. (RGLD)

Royal Gold, Inc. acquires and operates precious metals royalties, most of which contain gold and silver deposits. Royal Gold stands out from others in the industry due to its ownership of large portfolios of active, developing and exploration style royalties, located in some of the world's most prolific gold regions. The company owns royalty interests in various producing, development, evaluation, and exploration stage projects. The countries in which Royal Gold holds royalty interests includes the United States, Canada, Mexico, Africa, Argentina, Chile, Australia, the Russian Federation, Finland, Columbia, and Central America. Let us hear your thoughts: Royal Gold, Inc. Message…

WednesdayAug 19, 2009 10:08 am

Beacon Equity Research Featured Company: Activision Blizzard, Inc. (ATVI)

Activision Blizzard, Inc. is an online and personal computer, console and hand-held game publisher. The company develops, publishes and distributes video games, as well as maintains its proprietary online game-related services. Their products include Call of Duty, Guitar Hero, Quake, Tony Hawk, Over the Hedge, X-Men, and Spider Man. The company’s success can be seen in countries such as U.S., Canada, the United Kingdom, Germany, Italy, and South Korea, to name a few. Their continuous growth leads many to believe that they have the potential for value appreciation, thus alienating themselves from their competitors. Let us hear your thoughts: Activision…

WednesdayAug 19, 2009 10:05 am

Beacon Equity Research Featured Company: Brazillian Mining, Inc. (BRZM.PK)

Brazillian Mining, Inc. operates as a diamond and precious metals mining, exploration, and marketing company. The company aims to acquire interest in producing mines or properties with proven reserves, and to develop prospective assets. They offer investors the advantages of ownership interests in well-known, proven producing diamond properties with potential multi-million dollar resources. With most off the world’s diamond producing mines closing, the depletion of reserves has caused a shortfall in meeting the demand for diamonds. To ensure their success now and in the future, Brazillian Mining has assembled a team with tremendous experience in exploration, diamond mining, diamond polishing,…

WednesdayAug 19, 2009 9:55 am

KeyOn Communications Holdings, Inc. (KEYO.OB) Files Applications for Stimulus Funds

KeyOn Communications Holdings, Inc. filed applications for $150 million of Federal Broadband Stimulus Funds under the American Recovery and Reinvestment Act of 2009. KeyOn, already one of the largest providers of wireless broadband, satellite video and voice over Internet protocol (VoIP) services in the United States, could be a major player on Wall Street in the near future if funds are granted. KeyOn’s existing wireless networks currently cover over 2.5 million people, but with this grant, the company can expand to cover as many as 16 states and provide wireless broadband access to 6.5 million customers. Commenting on the effect…

WednesdayAug 19, 2009 8:59 am

Geospatial Holdings, Inc. (GSPH.OB) Team Awarded Multi-Year Contract to Map Underground Utilities in the Port of Gulfport, Mississippi

Geospatial Holdings, Inc., a high-technology company that utilizes proprietary 3D sensing technologies to locate, map, perform condition assessment and detect leaks of underground pipelines, recently announced it was selected to provide underground pipeline utility location and mapping services to the Mississippi State Port Authority at Gulfport, Mississippi over a three-year period. In 2005, when Hurricane Katrina made landfall on the Mississippi Gulf Coast, the Port of Gulfport’s electrical power supply, roads, water, sewer, rail, small craft harbor fender systems, navigational aids, lighting and security systems were all destroyed or severely damaged by the storm. As a result of this unprecedented…

WednesdayAug 19, 2009 8:56 am

Norsat International Inc. (NSATF.OB) Announces New Financial Division

Today, Norsat International Inc. announced that it has created a new division called Norsat Capital to provide customers and potential clients the option of leasing or renting the company’s equipment. According to the press release, this initiative is a direct result of the company’s turnaround over the past couple of years. Because of its improved capital structure, the company can now afford to offer more financing options on its products. Dr. Amiee Chan, President and CEO of Norsat, stated, “Our balance sheet has immensely improved over the last few quarters and as a result, we’ve established a financial unit so…

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Month: August 2009