May 2011 - Page 32 of 33

TuesdayMay 03, 2011 9:12 am

TGC Industries Inc. (TGE) Posts 66% Earnings Increase for Q1

TGC Industries Inc., a leading seismic data acquisition services provider, yesterday announced financial results for the first quarter of 2011. Revenues in the first quarter of 2011 increased 66 percent to $50.2 million compared to $30.3 million in the first quarter of 2010. Net income grew more than tenfold to $5.8 million, or $0.30 per diluted share, up from $551,000, or $0.03 per diluted share, in the first quarter of 2010. Revenues for the first quarter of 2011 were $50.2 million compared to $30.3 million in the first quarter of 2010. The Company operated seven crews in the U.S. and…

TuesdayMay 03, 2011 9:11 am

Li3 Energy, Inc. (LIEG) Closes on Debt Financing

Li3 Energy, Inc. reported the successful completion of a capital market transaction with several private investors. The funds will be used to support company operations pending the completion of further financing by the company. Li3 Energy said that the financing consisted of a bridge loan in the amount of $1.5 million from three private investors. The bridge loan is structured as an original issue discount note with a zero percent coupon due February 2, 2012. The company is required to pay $1.67 million at the maturity date to pay off the loan. Li3 Energy reported that the loan is convertible…

TuesdayMay 03, 2011 8:27 am

Simulated Environment Concepts, Inc. (SMEV) Announces Major Change to Compensation Method

Simulated Environment Concepts, Inc. announced this morning that in most cases it will now utilize preferred shares to compensate all of its service providers, particularly its IR/PR professionals, in an effort to largely eliminate the use of common stock as a means of payment. This change will not only reduce the expense associated with issuing common stock, but also keep the Issued and Outstanding average rate of increase substantially lower and encourage service providers to take a long term position within the company. Dr. Ella Frenkel, President and CEO of Simulated Environment Concepts (SE Concepts), stated, "As with any public…

MondayMay 02, 2011 2:36 pm

American Petro-Hunter, Inc. (AAPH) Readies New Well for Commercial Production at North Oklahoma Yale Prospect, 120 BOPD Initial Production Rate

American Petro-Hunter has added substantial force to its overall growth vector as an oil and gas producer, and is today reporting completion of swab testing on the latest well in an ongoing series of wells at the Company’s North Oklahoma Yale Prospect, the NOS122, declaring the well ready for full commercial production. The NOS122 adds one more node to the rapidly evolving AAPH production network, which also includes the producing Poston Project in Trego County, Kansas. The Company looks to be within striking distance of its 12-month production growth target of 1k BOE. President and CEO of AAPH, Robert McIntosh,…

MondayMay 02, 2011 2:30 pm

GreenHouse Holdings (GRHU) Lands $151 Million Contract

Most small companies salivate over jobs that are related to the government. Landing one of any magnitude through any means can open a door to opportunities and validate the company like nothing else can. It is common knowledge that providing a solid, reliable service or product can lead to additional contracts. GreenHouse Holdings is a company with a history of performance as a government contractor, supplying the U.S. military with a wide range of products from rapidly deployable and ballistically protected buildings to sustainable, environmentally safe targeting systems and live fire training facilities. Today the Company has taken another major…

MondayMay 02, 2011 1:13 pm

Commerce Resources Corp. (CMRZF) Reports on Drilling Program in Canada

Commerce Resources Corp. reported an update on its exploration drilling program at its mining property in Canada, where the company is prospecting for rare earth metals. Commerce Resources has been conducting its winter drilling exploration program at the Ashram Rare Earth Element deposit on the Eldor property located in northern Quebec. Commerce Resources Corp. has a 100% interest in the Eldor property, which contains 404 mining claims totaling approximately 19,006 hectares. Commerce Resources Corp. has competed the drilling of seven holes at the site comprising 3,367 meters of drilling. The purpose of the drilling was to expand and delineate the…

MondayMay 02, 2011 1:10 pm

Trunkbow International Holdings Ltd. (TBOW) Inks Deal with Icafe to Provide Payment Options and Expand Market Presence

Trunkbow International Holdings Ltd., a leading provider of Mobile Payment Solutions (MPS) and Mobile Value Added Solutions (MVAS) in the People’s Republic of China (PRC), recently announced that it has entered a strategic cooperation agreement with Hangzhou Icafe Technology Co Ltd., a leading provider of Internet cafe desktop application services in the PRC, in which Trunkbow will offer payment applications and services for Internet cafe owners and individual users. Trunkbow will integrate its mobile payment solutions into Icafe's Internet cafe-based entertainment platform, which targets millions of paying users that visit more than 90,000 Internet cafe locations. The Trunkbow platform will…

MondayMay 02, 2011 1:01 pm

National Technical Systems Inc. (NTSC) Posts Record FY2011 Revenue and Q4 Loss

National Technical Systems Inc., a leading provider of engineering services, today reported financial results for the fiscal year and fourth quarter ended January 31, 2011, posting record revenues for full-year 2011. Revenues for fiscal year 2011 increased 17 percent to a record $144.1 million compared to $122.7 million in the prior year. The acquisitions of Unitek on November 30, 2009, and Mechtronic Solutions (MSI) on December 16, 2010, accounted for $10.1 million, or 8.2 percent, of the increase in revenues. Gross margin in fiscal 2011 was 27.0 percent compared to 27.7 percent in the prior fiscal year. Net income for…

MondayMay 02, 2011 12:53 pm

Local.com Corp. (LOCM) Announces Acquisition of Krillion, Inc.

Local.com Corp., a provider of local search services on the Internet, recently announced that it has acquired Krillion, Inc., a provider of a location based product search that allows online shoppers to connect with products that are available in stores locally, with the most current information on pricing and discounts. Krillion Inc. matches up consumer product information from various retailer websites and data feeds to create the most up-to-the-minute structured index of more than 70,000+ products across numerous consumer categories, which include: appliances, baby products, computers, tools, video games, electronics, and home & garden. The data index is compromised of…

MondayMay 02, 2011 11:58 am

AdCare Health Systems Inc. (ADK) Completes $18M Acquisition Expected to Generate 229% Increase in 2011 Revenue

AdCare Health Systems Inc., a leading skilled nursing and assisted living provider, has completed its acquisition of two skilled nursing facilities in Dublin and Marietta, Ga. The remaining third facility of this group, located near Atlanta, is expected to close by end of May – the aggregate acquisition price totals $18 million. "The acquisition of these facilities are among the some 19 facilities we've purchased or leased since we began our M&A program in the fall of 2009," Chris Brogdon, AdCare's vice chairman and chief acquisitions officer stated in the press release. "These latest facilities significantly expand our presence in…

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Month: May 2011