October 2011 - Page 20 of 25

FridayOct 07, 2011 2:01 pm

Shengtai Pharmaceutical (SGTI) Posts FY 2011 Financial Results

Shengtai Pharmaceutical Inc., a manufacturer and distributor in China of glucose and starch as pharmaceutical raw materials and other starch and glucose products, today reported its financial results for the 12 months ended June 30, 2011. Sales revenue for fiscal 2011 was $171.7 million, a 48 percent increase compared to full-year 2010. The company attributes the increase to ramped-up sales volume and average selling prices. Export sales increased 60 percent as a result of an uptick in the global economy combined with the company’s reorganization of its exporting department and high product demand. Costs of sales for the year ended…

FridayOct 07, 2011 1:15 pm

Flexpoint Sensor Systems, Inc. (FLXT) Signs Joint Venture and Marketing Agreement

Earlier this afternoon, Flexpoint Sensor Systems, Inc. announced that it has executed a joint venture and marketing agreement with Victor S.r.l. of Italy for the development and marketing of specialty products utilizing its Bend Sensor® technology for the auto, marine and truck industry in Europe. The Bend Sensor product consists of a coated substrate, such as plastic, that changes in electrical conductivity as it is bent. Electronic systems connect to the sensor and measure with fine detail the amount of bending or movement that occurs. The single layer design of the Bend Sensor eliminates many of the problems associated with…

FridayOct 07, 2011 1:04 pm

Cross Border Resources, Inc. (XBOR) Announces Substantial Gain in Proved PV-10 Value, up 60% to $28.1M

Cross Border Resources, the Permian Basin-focused oil and gas explorer with some 800k gross (300k net) mineral/lease acres in New Mexico/West Texas across various emerging plays (31k net acres in the Permian), has released new reserve estimates showing a solid jump to some 1.75 million BOE (78% crude, 22% gas), bringing the PV-10 Value of its proved category of reserves to $28.1M. The new PV-10 (present value of estimated future reserve revenue, net estimated direct expense, at an annual discount rate of 10%), drawn from adjusted oil and gas prices (an increase for oil of $21.15/bbl and an increase for…

FridayOct 07, 2011 12:53 pm

Beacon Equity Research: Positive Macro, Retail Sales Data Boost Sentiment

Encouraging data on the European banking sector and the local retail sector boosted traders’ confidence, propelling today’s market into the green. The Dow Jones industrial average soared 183 points Thursday, extending its winning streak for the third consecutive session. Traders welcomed the news that the European Central Bank (ECB) has offered to support that region’s lenders by promising to provide unlimited one-year loans to lenders through 2013. This move is expected to protect banks from poorly functioning short-term credit markets. The positive news was slightly offset by the report that the ECB won’t change interest rates, which analysts see as…

FridayOct 07, 2011 12:52 pm

Beacon Equity Research: Running to the Dollar, “It’s the Wrong Thing to Do”

Speaking with Russia Today’s Lauren Lyster, Tuesday, investor and financial author Jim Rogers of Rogers Holdings said the world is awash with “serious, serious problems facing it” and that U.S. policymakers have only exacerbated the problems of sovereign debt. In Washington, while the 2012 election cycle begins in earnest, politicians seek to appease angry constituents by jumping on the opportunity to scapegoat China as the source of a horrendous jobs outlook in the U.S. “We’re already in a trade war,” U.S. Senator Charles E. Schumer (D) of New York told NY Times. “We can’t afford to just do nothing. This…

FridayOct 07, 2011 10:59 am

Cerner Corp. (CERN) Acquires Clairvia

Today, Cerner Corp. announced it has reached an agreement to acquire Clairvia, a health care workforce management solutions provider. Clairvia’s software applications and predictive models enable health care organizations to align staff and resources with patient needs in real-time, allowing caregivers to focus solely on patient care. The solutions advance patient care quality, safety and throughput, staff productivity and satisfaction, reimbursements and cost control. The acquisition is anticipated to close in October 2011 and is not expected to have a material impact on Cerner’s 2011 financial results. Clairvia’s President and CEO, Beth Pickard, will join Cerner effective upon closure of…

FridayOct 07, 2011 10:47 am

Microvision Inc. (MVIS) Video Chart for Friday, October 7, 2011

MVIS has closed green two out of the last three days this week and looks to be trying to find a bottom. Technical traders will be watching for support at $0.60 to hold as the upside doesn't show resistance until 82 cents. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts

ThursdayOct 06, 2011 2:56 pm

The Ensign Group, Inc. (ENSG) Adds The Springs Skilled Nursing Facility to Growing Portfolio of Healthcare Operations

The Ensign Group, Inc., the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, hospice care and assisted living companies, announced today that it has added The Springs to its growing portfolio of healthcare facilities. The Springs is a 59-bed Medicare only skilled nursing facility located in a prestigious section of San Diego County. As of October 1st when the asset acquisition became effective, the well-performing nursing facility had an occupancy rate of about 72 percent. The purchase was done with cash by an Ensign holding subsidiary. The Springs at Pacific Regent La Jolla is one piece…

ThursdayOct 06, 2011 2:48 pm

NetSol Technologies, Inc. (NTWK) Announces Joint Acquisition of Virtual Lease Services

Global enterprise software and support provider NetSol Technologies announced an agreement today to jointly acquire Virtual Lease Services (VLS), a London-based company that supports the finance and leasing industry in the United Kingdom. The acquisition is being shared with Investec Asset Finance Plc, which provides asset and loan finance services to corporate and professional firms in the UK, and will be owned 51% by NetSol and 49% by Investec Asset Finance. VLS services 30 financing and leasing customers in the UK, with portfolio management, distressed portfolio analysis and recovery, standby servicing requirements, and related services. The company already uses NetSol’s…

ThursdayOct 06, 2011 2:11 pm

Beacon Equity Research: Research In Motion (RIMM) Shares Rise Sharply on Rumor Mill

Shares of Research In Motion Limited, the maker of BlackBerry smartphones, continue to rise in today's trading after a sharp rebound yesterday on speculation that the company might be a takeover target. At last check, RIM shares were trading 2.90% higher at $24.28, with volume at 13.5 million. On Tuesday, RIM shares fell below $20 for the first time in six years. The takeover speculation started after a report from The Independent said that Vodafone (ADR) (NASDAQ: VOD) could consider acquiring the BlackBerry maker. Vodafone declined to comment on the issue, however, analysts say that it will be highly unusual for a …

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Month: October 2011