March 2010 - Page 34 of 39

ThursdayMar 04, 2010 7:49 am

WikiLoan, Inc. (WKLI.OB) Announces Renegotiation of ACH Fees

WikiLoan, Inc., a financial social network, announced yesterday that it has successfully renegotiated with its contracted processor for dramatically lower ACH fees. Higher payment and money transfer fees directly increase the cost of consumers who make transactions on the Internet. "This renegotiation represents a tremendous savings for the users of our website. It will save them in excess of 80% on every transaction, with little impact on WikiLoan's margins," stated Edward C. DeFeudis, WikiLoan's Founder and President. "It was a high priority for us to adjust the processing charges for our users, particularly for the small transactions. Providing payments for…

WednesdayMar 03, 2010 3:43 pm

China Carbon Graphite Group (CHGI.OB) to Acquire Chiyu Carbon Graphite Ltd.

Today, China’s leading, private, high purity graphite and fine grain supplier, China Carbon Graphite Group, Inc., announced that it has signed a Letter of Intent to acquire 100% of assets of Chiyu Carbon Graphite Ltd. Chiyu is a down-stream producer of graphite products. To acquire the company, China Carbon will pay no more than 3 times Chiyu’s historical average earnings of 2008 and 2009. China Carbon will hire BDO Guangdong Dahua Delu to perform the due diligence. The transaction is contingent upon obtaining free land use in the Industrial Park, as well as preferential policies from the local government. The…

WednesdayMar 03, 2010 3:40 pm

Energtek, Inc. (EGTK.PK) Changes The Game

Energtek Inc. is set to change the lives of literally millions of people in Southeast Asia through the successful introduction of CNG LITE™. Based upon Energtek’s proprietary ANG (Absorbed Natural Gas) technology, which allows natural gas to be stored under low pressure as opposed to costly high-pressure or liquefied natural gas alternatives, the CNG LITE system makes it cost effective to convert the huge number of 2 and 3 wheeled motorized vehicles, so common in that part of the world, to natural gas, the cleanest burning of all fossil fuels. The potential impact of this new technology, both on individuals…

WednesdayMar 03, 2010 3:19 pm

Sonic Solutions (SNIC) Gains Market Bandwidth by Adding Windows Mobile Support for Roxio CinemaNow

Sonic Solutions®, the software developer and digital media provider renowned for its solutions, announced yesterday that the Roxio CinemaNow™ platform can now deliver digital movies directly to Windows Mobile. Sonic Solutions, which offers products like Roxio®, which lets people manage and transfer their video assets; the Hollywood to Home™ range of offerings; and Roxio CinemaNow™, which brings premium content to a wide range of devices, is pleased to announce its newest addition, which extends the market penetration capabilities of the Roxio CinemaNow™ platform and offers both content providers and retailers with another means to provide engaging media to a worldwide…

WednesdayMar 03, 2010 3:16 pm

Sync2 Networks Corp. (SYNW.OB) Signs Long-Term Agreement with Money Swap to Globally Market Financial Services

Sync2 Networks Corp., with its global architecture of international business development and marketing supported by agents in more than 20 countries, is a robust designer and operator of applications whose announcement today highlights the signing of a long-term engagement agreement with Hong Kong-based Money Swap Holdings. Carefully selected for outstanding sector performance, rock-solid IT infrastructure, and the strength of its brand, Money Swap will provide certain financial tools under terms of this multi-year agreement to facilitate SYNW’s plan to roll-out several innovative financial services. The plan includes "Currency Swap", a user-driven online platform for peer-to-peer currency trading, which streamlines exchanges…

WednesdayMar 03, 2010 2:01 pm

US Service Sector Growth Accelerates in February

The Institute for Supply Management (ISM) reported today that its index measuring service sector activity rose to 53 in February from 50.5 in January. Any level above 50 indicates growth. This number means that growth in the service sector in the United States accelerated at its fastest pace in more than two years. This is definitely positive news, however jobs remained scarce. Improvement in the service sector, which accounts for about 80 percent of US jobs, has been rather slow and bumpy. Continued tight credit and scarcity of jobs in the service sector continue to weigh on consumer sentiment and…

WednesdayMar 03, 2010 1:57 pm

Delta Apparel (DLA) Raises Fiscal 2010 Sales and Earnings Guidance

Delta Apparel Inc., along with its operating subsidiaries – MJ Soffe LLC, To The Game LLC, Art Gun LLC and Junkfood Clothing Company, is an international design, marketing, manufacturing and sourcing company. The company features a diverse portfolio of high quality branded and private-label activewear apparel and headwear. The company sells a variety of casual wear and athletic products through department stores, mid-tier retailers, sporting goods stores, specialty and boutique shops as well as the internet. The company's operations are located throughout the United States, Mexico, Honduras and El Salvador. It employs about 6,000 people worldwide. Delta Apparel announced yesterday…

WednesdayMar 03, 2010 12:15 pm

Endeavour Silver Corp. (EXK) Reports Solid Results from Mexico Operations, Eyes Several Growth Options

Making a profit in the precious metals world relies on many factors. Commodity price, cost of getting the metal out of the ground and who is buying the metal. This last thought may well lead to solid profits in the silver markets. Some might suggest that there is a certain manipulation taking place and that regulators may well put a stop to it. If this does occur, silver prices could float quite a bit higher. This thought is but speculation at this point, but if it were to occur, large profits would not be far behind. Endeavour Silver Corp., a…

WednesdayMar 03, 2010 11:45 am

Reed’s, Inc. (REED) Announces Commencement of Production and Shipment of Its New Ginger-Based Remedy for Nausea and Motion Sickness

Reed’s, Inc., a manufacturer and distributor of top-selling sodas in more than 10,500 natural food markets and supermarkets nationwide, recently announced that the company has begun production and shipment of its new ginger-based remedy for nausea and motion sickness. The company’s new “Reed’s Rx” Natural Ginger Nausea Relief has been shipped to drugstores nationwide in convenient four-packs of 5.5-ounce cans containing a brew of fresh ginger, honey, pineapple juice, and lemon and lime juices. In addition to beginning distribution, Reed’s Inc. has placed its first advertisements for the “Reed’s Rx” product in drugstore trade publications. The company’s products are sold…

WednesdayMar 03, 2010 11:42 am

AH Belo Corp. (AHC) Reports Net Profit in Fourth Quarter of 2009

AH Belo Corp. reported net income of $5.6 million, or $0.27 per share, in the fourth quarter of 2009. This was a marked improvement from the net loss of $33.1 million, or $1.67 per share, in the fourth quarter of 2008. Despite the improvement in net income, revenues in the fourth quarter of 2009 fell on a year-over-year basis to $135.5 million, from $160.0 million in the fourth quarter of 2008. AH Belo Corporation also improved its balance sheet on a year over year basis. The company increased its cash balance to $24.5 million at December 31, 2009, from $9.8…

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Month: March 2010