January 2010 - Page 23 of 26

WednesdayJan 06, 2010 1:43 pm

EGPI Firecreek, Inc. (EFIR.OB) Signs Definitive Agreement to Acquire 2,076 Mile Sierra Pipeline Natural Gas Gathering System

EGPI Firecreek Inc. has initiated its most aggressive move towards establishing its oil and gas division. The company announced today the execution of a definitive agreement to acquire the Sierra Pipeline Gathering System and the Sierra Pipeline Company. EGPI Firecreek is purchasing Sierra Pipeline from Koch Corporation, the nation's largest privately-owned company. The Sierra Pipeline Gathering System has approximately 2,076 miles of pipeline and pipeline gathering systems located primarily in the state of Oklahoma and the adjoining states of Kansas and Indiana. The pipeline, which was originally created to transport oil, currently has over 28,000 wells within close proximity for…

WednesdayJan 06, 2010 1:21 pm

Celsius Holdings, Inc. (CSUHD.OB) Announces Availability of Its Calorie-Burning Beverage at Rite Aid Drugstores Nationwide

Celsius Holdings, Inc., the maker of Celsius®, the original calorie-burning beverage, recently announced that Celsius will be available at more than 4,800 Rite Aid drugstore locations nationwide. With over 4,800 locations in 31 states and the District of Columbia, Rite Aid Corporation is the third-largest drugstore chain in the United States. Drinking Celsius raises an individual’s metabolism and can burn up to 100 calories and more per can. In addition, research indicates that consuming one Celsius prior to a workout may enhance the benefits of regular exercise. All three flavors of Celsius, Orange, non-carbonated Green Tea Raspberry Acai and Green…

WednesdayJan 06, 2010 1:20 pm

Artificial Life, Inc. (ALIF.OB) 2010 Strategy Includes New M-commerce Platform, Greater Emphasis on Mobile Business and Lifestyle Applications

Artificial Life, Inc., a world-wide leader in providing innovative mobile communications and interactive gaming for 3-4G network-enabled platforms, today disclosed details for its 2010 strategy. Setting records in 2009 for revenue generation, ALIF scored big on the strength of mobile gaming and business application sales. In 2009 alone, the company generated in excess of 5 million downloads for its series of iPhone games, and had over 20 million mobile game licenses sold to downloaders throughout the world, making Artificial Life one of the world’s top publishers. CEO Eberhard Schoneburg expressed his satisfaction with the Company’s 2009 performance, noting that “despite…

WednesdayJan 06, 2010 1:15 pm

Consorteum Holdings, Inc. (CSRH.OB) Serves the Underserved

Consorteum Holdings Inc. has stated as its basic mission the providing of groundbreaking card, payment, and transaction processing solutions. In so doing, it is clearly taking advantage of the increased global need for more flexible approaches in consumer financial services (CFS), together with the availability of new technologies that allow for instant worldwide data communications. CFS providers in Europe and North America have begun to actively encourage the development of more creative transaction alternatives, and Consorteum has positioned itself to be a leading resource for such alternatives. The company sees itself as facilitating initiatives that bring together the best technologies,…

WednesdayJan 06, 2010 1:11 pm

Thinking about New Positions in the New Year

As the new year moves forward and accountants start to call, an investor may consider his/her year-end statements. Losses are, more than likely, a given. Tax "write-offs" are also more than likely. The question remains, what to do next? Small caps, dividend producing stocks, treasuries and bonds all offer options for a savvy investor to position a portfolio. But who is to know for sure which avenue to follow? The US Dollar is uncertain these days and commodities can move in a heartbeat. What many do admit is that smaller cap companies are where the future will be. A strategy…

WednesdayJan 06, 2010 9:37 am

Investors Flock to Bond Funds, But What Happens When Rates Rise?

The amount of money flowing into bond mutual funds hit a dizzying pace this year. If the trend continues, bond funds will attract more than twice as much new money as they did in 2008 and a stunning 11 times more than investors are putting into stock funds this year. Although bond funds don’t ordinarily enjoy greater inflows than stock funds, this sometimes occurs during periods of stock price volatility. This development is not surprising, but it is alarming nonetheless. Here’s why. Interest rates are low and the Federal Reserve is likely to keep them low for the foreseeable future.…

WednesdayJan 06, 2010 9:36 am

Home Equanimity

The collapse of the housing market has provided a painful lesson for those who were counting on their homes as a source of retirement income. Falling home prices illustrate the potential difficulties of relying on the sale of a home to pay for retirement. Since 1987, U.S. housing prices have risen 4.1% annually. During that same period, the Consumer Price Index rose 3% annually. Thus, when you subtract inflation, home prices produced a real return of only 1.1%. Additionally, you need to factor in property taxes, maintenance, and insurance, which can all serve to erode the long-term growth of a…

TuesdayJan 05, 2010 2:50 pm

Eaton Vance Credit Opportunities Fund (EOE) Reports Solid Net Investment Income

The Eaton Vance Credit Opportunities Fund reported net investment income of $1.38 million, or $0.19 per share, in the quarter ending 10/31/2009. This was a decline from the $3.3 million, or $0.45 per share, of net investment income reported in the same quarter of 2008. The Eaton Vance Credit Opportunities Fund reported net assets of $70.3 million, or $9.67 per share, as of 10/31/2009. This was a strong rebound from the $63 million, or $8.67 per share, of net assets reported a year earlier. The Eaton Vance Credit Opportunities Fund is a closed end fund that invests in fixed income…

TuesdayJan 05, 2010 2:29 pm

WorldVest, Inc. (WOVT.OB) to Engage with RD-Tek in Worldwide Business Development Strategy

WorldVest, Inc., an industry-leading global merchant bank, today announced engagement with RD-Tek Co., Ltd., a discrete measurement and simulation developer, as a business development & financial advisor. South Korea-based RD-Tek will be aided by WOVT in the global distribution of proprietary 3D golf simulation technology, with emphasis on North America and a secondary emphasis on South America. Looking for strategic partnerships within the sporting goods and golf sectors, WOVT will seek to enhance RD-Tek’s profile within these markets while providing financial/logistical support. With the ultimate goal of establishing RD-Tek as the world’s premier developer of golf simulators for private instruction,…

TuesdayJan 05, 2010 2:17 pm

NetSol Technologies, Inc. (NTWK) Raises Guidance on Improving Outlook

NetSol Technologies, Inc. is a worldwide provider of global business services and enterprise application solutions. The company has a global footprint with operations in many diverse locations including San Francisco, Beijing, London and Bangkok. NetSol's corporate philosophy is exemplified by their core BestShoring practices, which are designed to eliminate the normal risks associated with outsourcing. A couple of weeks ago, NetSol raised its financial guidance for their 2010 fiscal year as a result of growing demand for its core NetSol Financial Suite software business. The company expects to generate revenues of $33-$35 million for the full fiscal year 2010. This…

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Month: January 2010