December 2009 - Page 25 of 28

ThursdayDec 03, 2009 5:11 pm

Emtec, Inc. (ETEC.OB) Reports Increase in Fiscal 2009 Net Income

Emtec, Inc. reported net income of $1.7 million, or $0.12 per share, for the fiscal year ending 8/31/2009. These results were up significantly from the $1.3 million, or $0.09 per share, reported in fiscal 2008. Earnings before interest, taxes, depreciation and amortization (EBITDA) for fiscal 2009 were reported at $6.4 million. Emtec, Inc. saw a large jump in Services and Consulting revenue for the fiscal year, which came in at $55.8 million, up from $20.6 million in fiscal 2008. The Services and Consulting segment now comprises 25% of total company revenue. Emtec, Inc. also increased its gross margin in the…

ThursdayDec 03, 2009 5:07 pm

Puda Coal, Inc. (PUDA) Takes Advantage of Chinese Stimulus Money

Some sectors of manufacturing get a bad reputation for their products. One aspect to consider, however, is that there are often many ways to use these products to bring benefit to people and their economy. Coal is one such product. It is a dirty fuel, but it is needed. Consider that it acts to aid in the manufacture of other products to perform needed functions. Puda Coal Inc. works in the People’s Republic of China to produce coking coal for the manufacture of steel products and coke as a general product. The company currently has a washing capacity for its…

ThursdayDec 03, 2009 5:00 pm

Gold Resource Corp. (GORO.OB) Hits New All-Time High Following Gold Prices and QualityStocks Newsletter Highlight

Gold Resource Corp. hit another all-time high earlier today at $10.13 a share and closed trading at $10.00 a share on volume of over 150,000 shares. The stock was mentioned in the QualityStocks FREE Daily Newsletter back on July 24, 2009 when the stock was trading at only $4.53. Investors purchasing the stock after reading about the company have more than doubled their money in just a few short months! Gold Resource Corporation is a gold and silver mining company which has 100% interest in five potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. Since July…

ThursdayDec 03, 2009 4:54 pm

Pay88, Inc. (PAYIE.OB) Signs Letter of Intent with Hongmeida Enterprise Group

Growing digital technology company, Pay88, Inc., announced today that it has signed a Letter of Intent to merge with Hongmeida Enterprise Group, a privately owned investment and financial services firm. Hongmeida Enterprise, located in Western China, mainly engages in raw materials investment and financial services. The company also has a professional pawn business (mortgage finance) license. In 2008, the Hongmeida's annual income totaled approximately RMB 75,375,318. Industry insiders believe that the agreement with Hongmeida is a powerful step to revitalize and grow Pay88. In principle, the agreement states that Pay88 can acquire Hongmeida Enterprise Group with common stock in a…

ThursdayDec 03, 2009 4:51 pm

FormCap Corp.’s (FRMC.PK) Acquisition of Permian Basin Leases

FormCap Corp. is a domestic oil and gas exploration and development company. The company announced in October the acquisition of 4,800 acres of oil and gas leases, all with primary terms of five years, initiated in June 2009, for a cost of $250,000. The leases, together called the Weber City Prospect, are located in Curry Country, New Mexico. Geologically, the Weber City Prospect is on the northern flank of the prolific Permian Basin, which is well known for its oil production, having four well-established hydrocarbon formations. The initial well will be drilled to a total of 6,500 feet to test…

ThursdayDec 03, 2009 11:14 am

Omnicity Corp. (OMCY.OB) Acquisitions Define Clear Goal

Omnicity Corp., a major provider of broadband access to small and rural markets in the Midwest, has a focused goal and a clear strategy to get there. The company intends to become a nationwide provider of broadband services in rural markets by being a premier consolidator and by also encouraging strong organic growth. The strategy is simply to provide customers a total broadband solution while continuing rapid growth through acquisitions, organic growth, and strategic partnerships with Rural Electric Municipal Cooperatives, Rural Telephone Companies, and local municipalities. The company’s exceptional value proposition is its ability to provide high speed Internet access…

ThursdayDec 03, 2009 11:10 am

Aquentium, Inc. (AQNM.OB) Leaves its Mark on the Environment and Wall Street

One company that has started to turn the heads of investors is Aquentium, Inc. Located in California, Aquentium is a diversified company that places an emphasis on green technologies. Aquentium has a broad array of business interests which include: non-chemical sanitation equipment, alternative energy, re-deployable emergency housing, recycling and waste treatment. Today, it was announced that Aquentium has begun to offer distributorship opportunities in the State of Illinois for its complete line of ozone sanitation and water treatment equipment. One of the more unique aspects of the Aquentium Ozone equipment is that it is over 3,000 times faster acting than…

ThursdayDec 03, 2009 10:44 am

Helix Wind Corp. (HLXW.OB) to Furnish Argentina with Some 100 Wind Turbines via Its Distributor, EDAL Re

Helix Wind Corp. announced today a $9.5 million project, utilizing 90-100 wind turbines, for rural electrification and off-grid generation in Jujuy Province, Argentina. HLXW is a global supplier of small wind vertical axis turbines designed to generate from 300W to 50kW of renewable energy, which the Company designs, manufactures and successfully sells on its own by virtue of its extensive wind-industry experience. HLXW, in conjunction with its distributor EDAL Re, Inc., of Buenos Aires, will install 15kW power islands starting February 2010 to fulfill the requirements of this project, which is being funded by the World Bank. EDAL Re is…

ThursdayDec 03, 2009 10:27 am

Saratoga Resources, Inc. (SROEQ.OB) to Exit from Bankruptcy by Year-End

Saratoga Resources Inc. is an independent oil and gas exploration and production company whose principal holdings cover 34,246 net acres located in the state waters offshore Louisiana. The company focuses on three points: increasing production through low cost workovers and recompletions, decreasing operating costs, and increasing reserves through field studies and development. The company's main producing asset is the Green Bay Field which was first discovered in 1938. Saratoga has a 100% interest in most of the 100+ producing wells in the field. The company's other major asset is the Vermilion 16 gas field. Its other principal fields are situated…

ThursdayDec 03, 2009 9:11 am

Muscle Flex, Inc. (MFLI.PK) Founder & CEO Danny Alex Inks Globally Exclusive Five Year ‘Use of Image’ Contract

Muscle Flex Inc. announced this morning that its founder and CEO, Danny Alex, signed an exclusive 5 year 'use of image' agreement with the company. Terms of the agreement include: The use of Danny Alex's image by Muscle Flex Inc. is a perpetual, worldwide, irrevocable, royalty-free, fully paid-up right and license to the unlimited use of his likeness and/or voice in the recordings, alone or in connection with others for the use in any media, now known or hereafter created, throughout the universe and in connection with or relation to the development, marketing, advertisement, licensing, sale, distribution, and promotion of…

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Month: December 2009