August 2009 - Page 19 of 33

FridayAug 14, 2009 2:12 pm

MediaNet Group Technologies Inc. (MEDG.OB) Enters into Merger Agreement with the DubLi Companies

MediaNet Group Technologies Inc., through its BSP rewards division, has developed the largest online mall and affinity program platform. The company generates product purchases from over 1,000 participating mall merchants, including the nation's largest retailers, as well as from gift cards and a large discount catalog. Some of the participating retailers include: Walmart, Target, Sears, Best Buy and Macy's. MediaNet Group Technologies recently announced that it has entered into a definite merger agreement with CG Holdings Ltd., a privately-held, European-based holding company for the DubLi companies. DubLi is a worldwide online trading firm composed of two very unique and individual…

FridayAug 14, 2009 2:09 pm

American TonerServ Corp.’s (ASVP.OB) “Momentum” Swings Company to Solid Q2 Revenues

American TonerServ Corp. is a leading marketer of various printing supplies and services, targeting small- and medium-sized businesses. The company recently announced strong second-quarter financials, reaffirming its competitive position in the $6.0 billion printer supplies and services industry. "We are very pleased to report record numbers this quarter, with revenues growing more than 166% over last year's second quarter," Chuck Machem, CEO of American TonerServ stated in the press release. "As evidence of the company's momentum, second quarter revenues were 15% above those of the preceding first quarter." Revenue for the three-month period ended June 30, 2009 was $7.4 million,…

FridayAug 14, 2009 2:08 pm

Vitro Diagnostics Inc. (VODG.OB) Introduces New Medium for Human Stem Cells, Eliminates Risk of Contamination

Vitro Diagnostics Inc. owns various U.S. patents for production of the fertility drug FSH, immortalization of cells, and adult stem cells. The company recently announced the newest addition to its current product lineup, a new serum-free stem cell growth medium. According to the press release, the new product is a serum-free and animal component-free medium. The product is optimized for human stem-cell growth, and eliminates the risk of exposure to contamination from serum or animal components. Adult stem cells are usually derived from bone marrow, umbilical cord blood, or peripheral blood, which then must be purified to maximize therapeutic benefits.…

FridayAug 14, 2009 1:28 pm

QuoteMedia, Inc. (QMCI.OB) Announces Continued Revenue Growth

QuoteMedia, Inc., a leading provider of market data and financial applications, announced its financial results for the three and six months ended June 30, 2009. According to the press release, second quarter revenue rose from $1,724,396 to $1,836,736, a 7% increase, year-over-year. Revenue for the six month period ended June 30, 2009 increased 10% to $3,747,560 from the $3,412,071 reported for the same period a year earlier. “As expected, the global recession has continued to affect QuoteMedia's revenue growth, which remained relatively flat during the second quarter of 2009, and we anticipate that the weakened economy will result in moderated…

FridayAug 14, 2009 1:25 pm

J.C. Penney Co., Inc. (JCP) Breaks Even for Second Quarter

J.C. Penney Co., Inc., an operator of a network of department stores in the United States and Puerto Rico, recently announced results for the second quarter of 2009. The company posted a smaller-than-expected net loss this week, due to cost reductions, but management is cautious that full-year results might miss expectations. During the second quarter ended August 1, 2009, J.C. Penney reported a net loss of $1 million, or nil per share, compared with a year-earlier profit of $117 million, or 52 cents per share. Analysts predicted a loss of 1 cent per share, according to Reuters Estimates. During the…

FridayAug 14, 2009 1:04 pm

Lotus Pharmaceuticals, Inc. (LTUS.OB) Doubles Net Income in Second Quarter

Lotus Pharmaceuticals, Inc. reported Q2 2009 net income of $4.8 million, or $0.10 per share. The company earned $ 2.2 million, or $0.05 per share, in the second quarter of 2008. Revenues totaled $13.6 million, down sharply from the $19.4 million reported in the second quarter of 2008. Lotus Pharmaceuticals, Inc. was able to accomplish a doubling in net income despite the revenue drop due to increased margins. Gross margin ending the quarter was 57.9%. The company cut operating expenses by 63% on a year over year basis. Dr. Zhongyi Liu, the CEO of Lotus Pharmaceuticals, Inc., said, "We are…

FridayAug 14, 2009 12:59 pm

Optical Systems, Inc. (OPSY.PK) is “One to Watch”

Optical Systems, Inc. is a leading provider of software and services for the automotive retail industry. The Company develops technology and services designed to maximize productivity and increase profits at auto dealerships. They do this through their operating subsidiary, Automotive Software Designers, Inc. Optical Systems, Inc. trades on the Pink Sheets, and they have their headquarters in Houston, Texas. The Company's flagship technology solution, Save-a-Deal, is a turnkey customer relationship management (CRM) tool for auto dealerships. Their business development center (BDC) provides a variety of services designed to help auto dealerships drive traffic to their showroom or Website, retain customers,…

FridayAug 14, 2009 10:36 am

Direct Insite Corp. (DIRI.OB) Announces Record Revenues for the Second Quarter of 2009

Direct Insite Corp. is a global provider of financial supply chain automation across procure-to-pay and order-to-cash business processes. The company's global eInvoice management services automate complex manual business processes such as invoice validation, order matching, consolidation, dispute handling, and e-payment processing. Direct Insite has announced financial results for the three months ended June 30, 2009. Revenue for that period was a record $2,880,000, a 22% increase over the same period last year. Operating income for the three months ended June 30, 2009 was $786,000. This is a sizable increase from last year's operating income in the same period of $390,000.…

FridayAug 14, 2009 10:32 am

Consorteum Holdings, Inc. (CSRH.OB) Focused on Leading the Consumer Financial Services Market

One of Consorteum Holdings’ main goals is to provide superior, viable financial options for the grossly underserved segment of the population, mainly, the underserved and underbanked. By aiding this clientele, the company aims to become a prominent leader in the Consumer Financial Services (CFS) market. The unbanked/underbanked population includes individuals who receive government benefits, payroll cheques, and other types of payments, but currently have minimal or no banking relationship. Two-thirds of CFSC’s customers, the underbanked, are those who already have bank accounts, but typically seek more convenient financial services. The remaining customers (the ‘unbanked’) are those who have been ignored…

FridayAug 14, 2009 10:26 am

Interact Public Safety Systems Announces Acquisition of Law Enforcement Assets

InterAct Public Safety Systems, a leading provider of safety and security software for government and private enterprises, announced its acquisition of all BIO-key International’s Law Enforcement Division assets, including the MobileCop®, PocketCop®, MobileRescue™, MobileOffice™, and InfoServer™ product lines. This transaction positions InterAct as the world’s largest public safety software company, with more than 2,000 customers across three continents. As previously reported, BIO-key’s Law Enforcement Division recently entered a partnership with Nlets, the premiere interstate justice and public safety network in the nation for the exchange of law enforcement, criminal justice, and public safety-related information. CEO of Interact Andrew J. Filipowski…

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Month: August 2009