August 2011 - Page 22 of 25

ThursdayAug 04, 2011 9:53 am

ZST Digital Networks Inc. (ZSTN) Posts Solid Quarterly Growth Driven by Market Demand

ZST Digital Networks Inc., a major developer, manufacturer and supplier of digital and optical network equipment to cable system operators and provider of GPS tracking devices and support services for transport-related enterprises in China, yesterday announced its financial results for the second quarter ended June 30, 2011. The company reported total revenue of $41.4 million, a 25 percent increase compared to the $33.0 million reported for the second quarter of 2010. Gross profit for the second quarter 2011 increased 24 percent to $10.2 million, compared to the second quarter 2010.Gross profit margin for the second quarter of 2011 was 24.7…

ThursdayAug 04, 2011 8:30 am

Scorpex, Inc. (SRPX) Announces Submission of Urban Impact Study for State and City Permitting

Scorpex, Inc. today announced the submission of its Urban Impact Study as one of the final steps in obtaining state and city permitting for its receiving, storing, disposing, and recycling of waste, including toxic and hazardous waste, non-toxic and non-hazardous waste, and commercial waste. The Urban Impact Study is vital to studying the effect the company’s operations will have on the environment, including wildlife, plants and the water supply. The company anticipates approval of its Urban Impact Study by the end of next week. In the press release, Scorpex affirmed its dedication to operating with the highest degree of environmental…

WednesdayAug 03, 2011 11:55 am

Infrastructure Developments Corp. (IDVC) Expands Natural Gas Initiatives into Virginia

Today, Infrastructure Developments Corp. announced that it will expand the development of its compressed natural gas (CNG) business into Virginia. The new development coincides with Virginia’s bolstering of efforts to convert public vehicles to CNG. The recently passed House Bill 2282 requires the State of Virginia’s General Services Department to establish a plan to utilize alternative fuels in state vehicles. Additionally, Governor Bob McDonnell signed an Executive Order to set out Virginia’s alternative fuel plan to assist in creating partnerships between alternative fuel source providers, infrastructure developers and vehicle manufacturers. IDVC intends to participate in such partnerships. "The introduction of…

WednesdayAug 03, 2011 11:35 am

Record First Quarter Results Reported by SMTP, Inc. (SMTP)

SMTP, Inc. is a leading provider of cloud-based services to facilitate email deliverability, including bulk and transactional sending, reputation management, compliance auditing, abuse processing and issue resolution. The company's services provide customers with the ability to increase the deliverability of email with less time, cost and complexity than doing it themselves. Its service options include dedicated servers or shared servers depending upon application and service level requirements. SMTP's platform architecture is distributed across multiple data centers for redundancy, consistency and reliability. The company has over 10,000 customers worldwide, ranging from small businesses to large Fortune 500 companies. The company today…

WednesdayAug 03, 2011 10:51 am

Onstream Media Corp. (ONSM) Video Chart for Wednesday, August 3, 2011

ONSM dropped a doji yesterday right in the area of support. Technical traders will be watching for the support to hold on this low-volume play that has a tendency to make nice size moves off support levels. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts Let us hear your thoughts below:

WednesdayAug 03, 2011 9:21 am

Axion International Holdings, Inc. (AXIH) Announces Purchase Order for Construction of Boardwalk in Trinidad

Located in New Providence, New Jersey, Axion International Holdings has become a leading structural solution provider of cost-effective alternative infrastructure and building products. Yesterday, Axion announced they have received their first purchase order in the Caribbean for material used in the construction of a two-mile long beachfront boardwalk in Trinidad. The order was received from Reddi Solutions Company, Ltd. for Axion’s innovative Recycled Structural Composite (RSC) material. The first phase of the project will be 1,200 linear feet of 12’ wide, low profile boardwalk which will replace a concrete path. Due to harsh weather conditions, the client faced several challenges…

WednesdayAug 03, 2011 9:13 am

Akorn Inc. (AKRX) Posts Q1 Figures, Updates Outlook to Reflect Pending Acquisition

Akorn Inc., a niche generic pharmaceutical company, reported financial results for the first quarter of 2011, reflecting inclusion of revenues from the company’s Akorn-Strides LLC joint venture. Consolidated revenue for the first quarter of 2011 increased 24 percent to $25.4 million compared to consolidated revenue of $20.5 million for the first quarter of the year prior. First quarter 2011 core business revenue was $25.4 million, up 66 percent over the 2010 first quarter core revenue of $15.3 million. First quarter 2011 included $1.0 million in revenue and $1.1 million in net income from Akorn’s participation in the Akorn-Strides joint venture.…

WednesdayAug 03, 2011 8:35 am

HASCO Medical, Inc. (HASC) Reports Pro Forma Financial Results for Year-End 2010 and First Quarter 2011

Today before the opening bell, HASCO Medical, Inc. announced the combined audited 2010 year-end financial results and the unaudited combined 2011 first quarter financial results for itself and subsidiaries Mobility Freedom and Wheelchair Vans of America. Total combined revenue for the year ended December 31, 2010 was $12,429,531. Mobility Freedom van sales for 2010 increased approximately 55% year-over-year, Mobility Freedom van rentals increased approximately 45% year-over-year, and Mobility Freedom net income more than doubled year-over-year. For the three months ended March 31, 2010, Mobility Freedom van sales increased $33,518 to $2,133,736 compared to the same period a year earlier. Net income…

TuesdayAug 02, 2011 5:15 pm

Patient Access Solutions, Inc. (PASO) Secures $5 Million in Growth Capital

Patient Access Solutions, Inc. today announced that the company has secured $5,000,000 in financing for increasing the sales force, systems improvements, software development, expansion of trade show participation and other advertising, increasing working capital and general corporate purposes. Bruce Weitzberg, CEO and President of Patient Access Solutions, stated, “We believe that this financing gives us the financial resources necessary to meet our ambitious goals of rapidly accelerating sales and earnings growth.” A healthcare solutions company focused on advancing the healthcare information technology industry, Patient Access Solutions, Inc. has created an array of technology, resources and allies to become an agent…

TuesdayAug 02, 2011 4:30 pm

US Natural Gas Corp. (UNGS) Reports Purchase of West Virginia Oil and Gas Leasehold

US Natural Gas Corp. reported the purchase of leasehold in the United States that contains three producing natural gas wells. The company believes that the properties are also prospective for various hydrocarbon bearing formations. US Natural Gas said that the purchased leasehold is 250 acres in size and is located in Wayne County, West Virginia. The company estimates that the combined production from the three wells will average 60,000 cubic feet per day of natural gas. This production would yield revenue of approximately $200,000 per year, assuming natural gas pricing of $4.50 per thousand cubic feet. US Natural Gas said…

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Month: August 2011