July 2010 - Page 13 of 31

TuesdayJul 20, 2010 9:08 am

Mueller Industries, Inc. (MLI) Reports Increase in Second Quarter Net Income

Mueller Industries, Inc. reported a strong year over year increase in earnings in the second quarter of 2010. The company reported net income of $15.6 million, or $0.41 per diluted share, compared to net income of $6.0 million, or $0.16 per diluted share, in the second quarter of 2009. Mueller Industries, Inc. also reported a jump in revenues for the quarter that just ended, which came in at $540.4 million, compared to $367.8 million in the same quarter in 2009. The company said that the large increase in revenues was due to the soaring price of copper, which was up…

TuesdayJul 20, 2010 9:07 am

MGIC Investment Corp. (MTG) Reports Profit in Second Quarter of 2010

MGIC Investment Corp. reported results for the second quarter ending 6/30/2010. The company earned net income of $24.6 million, or $0.13 per diluted share. MGIC Investment Corporation reported a net loss of $339.8 million, or $2.74 per diluted share, in the same quarter of 2009. MGIC Investment Corporation reported that sales in the second quarter of 2010 were down on a year over year basis. The company reported sales of $406.4 million in the quarter that just ended, compared to $454.5 million in the same quarter in 2009. Net premiums written by MGIC Investment Corporation also declined on a year…

TuesdayJul 20, 2010 8:33 am

Cellceutix Corp. (CTIX.OB) Offers Hope to Cancer Industry and Opportunity to Investment Community

Lung cancer is still the number one cause of cancer death among men and women in the United States. Projections for 2010 by the American Cancer Society include over 220,000 new cases of lung and bronchial cancers with nearly 160,000 deaths as a result of lung cancer. If projections hold true, the number of new cases will be greater than the 173,770 cases that were reported in 2004. Another interesting fact is that, while leveling in the last several years, the number of deaths among women attributed to lung cancer has not seen a significant decline with the other major…

TuesdayJul 20, 2010 8:18 am

AGR Tools, Inc. (AGRT.OB) Provides Clarification of their Operations to Shareholders and Potential Investors

Yesterday, the management of AGR Tools, Inc. provided a clarification of their operations in response to many recent inquiries from shareholders and potential investors. They are as follows: AGR Tools, Inc., via the Company's wholly owned subsidiary AGR Stone & Tools USA, Inc., contract manufactures and distributes tooling and tooling-related products. These are for the professional construction and demolition industries through their stocking dealer network and through their website. The Company garners revenue from the spread between the manufacturing cost of each product they sell and the wholesale price their distributors or customers pay for the same product. Their main…

TuesdayJul 20, 2010 8:14 am

Tactical Air Defense Services, Inc. (TADF.OB) Announces Update on Acquisition of a Colombian Defense Services Contractor

Tactical Air Defense Services, Inc., an aerospace / defense services contractor that provides air-combat training, aerial refueling, aircraft maintenance, disaster relief services and other services to U.S. and foreign militaries and agencies, recently announced that the company has signed a memorandum of understanding to acquire Sudamin A&D S.A., a Colombian defense services contractor. Sudamin has successfully provided defense related services and equipment to the Colombian Armed Forces for over 10 years. In addition the company has secured partnerships with numerous well-established aircraft and defense equipment manufacturers. Sudamin offers a wide range of military equipment and a comprehensive menu of services…

TuesdayJul 20, 2010 8:12 am

Deltron (DTRO.OB) Announces Proprietary Product Sale to Matthews Studio Equipment Inc.

Deltron Inc. today announced that Matthews Studio Equipment Inc., a leading provider of lighting and camera hardware, has purchased high-end polyurethane wheels from its wholly owned manufacturing subsidiary Elasco. Matthews Studio Equipment designs specialized equipment for the entertainment industry, catering to customers in more than 60 countries around the world. The studio equipment company needed a solution to vibration issues it was having with the dollies that carry film cameras across segmented tracks, which ultimately could affect motion picture quality. In response, Elasco created a proprietary polyurethane formulation and wheel design to prevent compression set, provide shock absorption, with the…

TuesdayJul 20, 2010 7:49 am

Simulated Environment Concepts, Inc. (SMEV.PK) Continues to Expand Internationally with Additional Multi-Million Dollar International Production Deal

Simulated Environment Concepts, makers of the high pressurized dry water massage and relaxation station SpaCapsule, announced today that it has contracted with the United Arab Emirates company I. SEPTA Co., LTD., to secure a multi-million dollar deal to manufacture more than 150 SpaCapsules for the Middle Eastern Region. "This is a significant milestone," commented Dr. Ilya Spivak, Marketing Director of Simulated Environment Concepts (SE Concepts). "The global Muslim population is approximately 1.82 billion individuals. Considering the strict modesty rules preventing cross-gender massage, this deal opens the door to our SpaCapsules being used by the Islamic community throughout the world, positioning…

TuesdayJul 20, 2010 7:40 am

NetSol Technologies, Inc. (NTWK) Announces Upgrade Agreement with Singers Healthcare Finance Limited

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, this morning announced that the Company has signed a LeaseSoft license upgrade agreement with Singers Healthcare Finance Limited ("SHFL"), one of the UK's leading providers of leasing solutions to the healthcare industry. As terms of the agreement, SHFL will upgrade to the latest version of NetSol's LeaseSoft asset management solution. With this upgrade, SHFL will gain a large number of functionality enhancements, including specific enhancements to support SHFL's expanding business within the healthcare equipment leasing industry. Susan Hinton-Smith, CEO of SHFL, commented, "We have enjoyed a successful…

MondayJul 19, 2010 3:40 pm

CleanTech Innovations, Inc.’s (EVCPD.OB) Success Prompts Move to NASDAQ

CleanTech Innovations, Inc., www.ctiproduct.com – a US-based leader in the rapidly growing Chinese market for technologies which ameliorate air pollution and energy consumption concerns with its innovative pressure vessels, bellow expansion joints and wind towers, broke the word of its application to list the Company’s common stock on the NASDAQ today. Chairman and CEO of CleanTech, Ms. Bei Lu, pledged circumspect adherence to protocols and the full faith and cooperation of the Company in working with NASDAQ listing staff members towards an expedient approval. Ms. Bei Lu called the move to NASDAQ a “natural progression for CleanTech”, which has seen…

MondayJul 19, 2010 3:37 pm

Voyager Oil & Gas, Inc. (VYOG.OB) Issues Operational Status Update

Voyager Oil & Gas, Inc., www.voyageroil.com – the Billings, Montana-based firm engaged in exploration and production on some 147k total net acres in the US, with the majority of its efforts in oil shale, took some time to provide a drilling and completion update on its major prospects today. CEO of VYOG, J.R. Reger, projected that the Company’s aggressive leasing in the Williston Basin Bakken/Three Forks would continue, and that development programs in the D-J Basin Niobrara and Tiger Ridge Gas field would proceed apace as VYOG is fully capitalized to execute on its acquisition and development strategy. Reger noted…

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Month: July 2010