DALLAS (July 30, 2007) – As earnings season is blooming into full effect, masses of companies are announcing earnings for the second quarter and half year mark of 2007. Curious investors and analysts depend on this information to help them make informed and intelligent decisions about the true health and future of the company.
Trans World Corporation (OTCBB: TWOC) announced today a considerable increase in profit for the second quarter year over year. Trans World generated net income of $1.03 million, which is an increase of $991,000 from this same period a year ago.
This news has sparked a jump in the company’s stock price pushing it up 50 cents, to $4.25, which is a gain of a little more than 13 percent. Revenues for Trans World increased $922,000 in the second quarter as the company brought in $7.3 million in overall revenue; this improvement was due primarily to increased business volume at TWC’s two largest Czech casinos.
In other earnings news, Security Bancorp Inc. (OTCBB: SCYT) announced its consolidated earnings for the second quarter, and stated that net income for the period was $368,000. Last year during the same period the company was able to generate $421,000, which indicates a decrease of 12.6 percent year over year for the second quarter.
Aeolus Pharmaceuticals Inc. (OTCBB: AOLS) announced the financial results for the third quarter of its fiscal year. Although the company announced a net loss for the period ending June 30, 2007 of $509,000, it was much better than the $3.12 million for the same period last year.
“Results for the quarter and year to date reflect our continued success in reducing overhead costs, so that our financial resources can be focused on the development of our compounds,” stated John L. McManus, president and CEO of AOLS, in a statement. “During the upcoming quarter we expect that important studies of our lead compound AEOL 10150 as a potential protective agent against mustard gas exposure will be completed and we will continue the planning and regulatory work necessary to launch our first study of AEOL 10150 as a protector of healthy normal cells in cancer radiation therapy.”
In financing news, Voyager Petroleum Inc. (OTCBB: VYGO) announced today that it has closed a round of financing of $622,000. The company sold a total of 6.22 million shares of restricted common stock to investors for 10 cents per share. Along with these stocks, the company gave the investors warrants to purchase the same amount of restricted shares at 12 cents per share for a period of 12 to 18 months.
“Voyager continues to increase its working capital and expand its capabilities to better serve its customers. We are excited by Voyager’s growth and ability to raise capital,” said Sebastien Dufort, president of Voyager Petroleum, in a statement.
American Security Resources Corporation (OTCBB: ARSC) announced that it has engaged NW Financial Group LLC to arrange for financing. The company is looking for financing to help with acquisitions for development in its wind power and hydrogen fuel cell technologies.
“NW Financial Group is an expert in the industrial development bond sector. This type of funding will be used to acquire the wind turbine companies. With certification assured we plan to build and equip a fuel cell membrane manufacturing and assembly facility and a wind turbine plant,” said Bob Farr, president and COO of American Security Resources, in a statement. “We can include funds for working capital, R&D and inventory, and do it all under very favorable terms. This is the best method of financing we’ve found and it’s completely non-dilutive.”
ARSC is a holding company actively seeking to acquire and develop clean energy companies and technologies. The company currently has several subsidiaries working to help promote clean energy such as Hydra Fuel Cell, American Hydrogen Corp., and Wind Power Corp.
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