March 2011 - Page 32 of 34

WednesdayMar 02, 2011 10:40 am

Metropolitan Health Networks Inc. (MDF) Posts Q1 Results, Recaps Position in Industry

Metropolitan Health Networks Inc., a leading provider of healthcare services in Florida, today announced its financial results for the first quarter ended March 31, 2010. First-quarter revenue for 2010 was reported at $93.0 million, a 2.9 percent increase over $90.4 million reported for the first quarter of 2009. The company posted operating income of $11.2 million in 2010 first quarter compared to $6.4 million in 2009. Net income for the 2010 first quarter was $7.1 million, or $0.18 per share basic and $0.17 diluted, as compared to $4.0 million, or $0.09 per basic share and $.08 diluted, for the same…

WednesdayMar 02, 2011 10:35 am

SOKO Fitness & Spa Group, Inc. (SOKF.OB) Expands with Eight New Facilities

SOKO Fitness and Spa Group, Inc., an operator of fitness centers, spas, and beauty salons in the People’s Republic Of China, announced that it has added eight new facilities to its portfolio of majority and minority owned operations during the third quarter of fiscal 2011, which ended February 28,2011. During the quarter, SOKO opened four new wholly owned facilities, which includes two beauty salons in Hangzhou, Zhejiang Province, a fitness center in Harbin, Heilongjiang Province, and a third beauty salon in Shenyang, Liaoning Province. SOKO also acquired minority interests in and signed management agreements to operate an additional four facilities,…

WednesdayMar 02, 2011 9:54 am

HyperSolar, Inc. (HYSR.OB) Gains Attention of Media Concerning Light Magnification Layer

HyperSolar, Inc. announced yesterday that Scientific American posted an article titled “Solar Panel Film Increases Efficiency 300%, Cuts Costs in Half” spotlighting HyperSolar’s innovative value proposition for cutting the cost per watt of solar energy. The article originated from CleanTechnia, a popular blogging community whose cleantech-related articles are often syndicated to top-tier media outlets. Zachary Shahan authored the article. Scientific American is the oldest continuously published magazine in the United States. They have been bringing their readers insights about developments in science and technology for over 160 years. Additional coverage of HyperSolar, Inc.’s magnification layer includes an article by Karl…

WednesdayMar 02, 2011 8:23 am

Earth Dragon Resources, Inc. (EARH.OB) Commissions New Technical Study of Chisu Gold Project, Tanzania

Earth Dragon Resources, Inc. today provided an update to investors regarding efforts underway at the Company's Chisu Gold Project ("Chisu") in Tanzania, Africa. According to the release, the company has engaged an independent contractor to develop a current National Instrument (N.I.) 43-101 compliant engineering report for the joint venture gold property. Earth Dragon recently disclosed a previously published report commissioned by a third party in 2009 which provided invaluable data that has greatly assisted in the determination of overall viability. Containing significant and highly encouraging data, the report included details of previous regional efforts by Barrick Exploration Africa during 2000.…

TuesdayMar 01, 2011 4:22 pm

Mod-Pac Corp. (MPAC) Posts Sixth Consecutive Quarter of Profitability

Mod-Pac Corp., a manufacturer of custom and stock paper board packaging and provider of personalized print products, today posted its financial results for its fourth quarter and year ended December 31, 2010. Total revenue for the fourth quarter of 2010 was $12.80 million as compared to total revenue of $12.77 million in the fourth quarter of 2009. Net income was $240,000, or $0.07 per diluted share, compared to net income of $1.26 million, or $0.36 per diluted share, in the fourth quarter of 2009. Total revenue for 2010 was $48.7 million as compared to $48.9 million reported for the full…

TuesdayMar 01, 2011 3:54 pm

Dune Energy, Inc. (DUNR) Updates Oil and Gas Operations in Gulf Coast

Dune Energy, Inc. issued an operational update on its oil and gas exploration and development activities in 2010 and early 2011. The company is active in various projects in the Gulf Coast regions of Texas and Louisiana. Dune Energy, Inc. reported proved reserves of 82.7 billion cubic feet equivalent at 12/31/2010. These proved reserves were composed of 5.7 million barrels of oil and 48.6 billion cubic feet of natural gas. The company said that its probable and possible reserves at the end of 2010 totaled 8.8 billion cubic feet equivalent. Dune Energy, Inc. said that the reserve report was prepared…

TuesdayMar 01, 2011 3:03 pm

Cogo Group Inc. (COGO) Awarded $1.5M Wind Turbine Contract

Cogo Group Inc. serves as a gateway for global semiconductor companies to access the industrial and technology markets in China. The company today announced it was awarded a $1.5 million wind turbine contract since the acquisition of MDC Tech in late January. The contract was signed in February with key customer DongFang Turbine Co. Inc. Cogo said it expects shipments to commence and begin generating revenue in the third quarter of 2011. Jeffrey Kang, CEO of Cogo, said the performance MDC Tech to-date boosts the company’s confidence that it will achieve significant revenue in the upcoming year. “I am delighted…

TuesdayMar 01, 2011 2:21 pm

Akorn Inc. (AKRX) Posts Q4 and FY 2010 Results; 2011 Guidance

Akorn Inc., a niche generic pharmaceutical company, today reported financial results for the fourth quarter and year ended December 31, 2010, noting key highlights and achievements that contributed to the results. Consolidated revenue for the fourth quarter of 2010 was $24.0 million, an increase of 32 percent over revenue of $18.2 million reported in the fourth quarter of last year. Fourth quarter 2010 core business revenue was $24.0 million, up 60 percent over the prior year quarter core revenue of $15.0 million. Consolidated revenue for the full-year 2010 was $86.4 million, up 14 percent over the full-year 2009 consolidated revenue…

TuesdayMar 01, 2011 12:40 pm

Earth Dragon Resources Inc. (EARH.OB) Finds Gold in Diversity

The seemingly insatiable global demand for gold has had the effect of bringing together people with diverse talents from around the world, all in the expanding search for the increasingly valuable yellow metal. It has also led to the diversification of locations explored. A case in point is Earth Dragon Resources, a gold exploration and development company. The company is based in Tokyo, but is currently looking for gold in Africa, specifically in Ghana and Tanzania. In addition, the management of the company comes from both Japan and the U.S. Still more diversity is seen in the varied backgrounds of…

TuesdayMar 01, 2011 12:34 pm

Cimatron Ltd. (CIMT) to Also be Listed on the Tel-Aviv Exchange

Cimatron Ltd. (NASDAQ: CIMT) is a leading provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries. The company, with over 28 years of experience and 40,000 installations worldwide, is committed to providing comprehensive, cost-effective solutions that streamline manufacturing cycles and shorten product delivery times. The company recently announced that the Tel-Aviv Stock Exchange has approved the dual listing of Cimatron's ordinary shares on the exchange beginning with trading on March 2, 2011, under the ticker symbol CIMT. Cimatron's shares will continue to be listed here in the US on the NASDAQ Capital Market and the company will continue…

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Month: March 2011