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Bexil Corporation Announces Second Quarter 2010 Financial Results


NEW YORK, NY, Aug 13, 2010 (MARKETWIRE via COMTEX) — Bexil Corporation (PINKSHEETS: BXLC) today reported its financial results for the second quarter ended June 30, 2010.

Bexil recorded a net loss of $351,136 or $0.35 per share for the three months ended June 30, 2010 compared to a net loss of $135,989 or $0.14 per share for the three months ended June 30, 2009. For the six months ended June 30, 2010, Bexil recorded a net loss of $522,003 or $0.52 per share compared to a net loss of $291,550 or $0.31 per share for the six months ended June 30, 2009.

The Company’s book value per share at June 30, 2010 (1,011,592 shares issued and outstanding) was $37.13. At June 30, 2010, Bexil had positive working capital of $36,632,245, total assets of $38,408,030, no long term debt, and shareholders’ equity of $37,555,940. The Company’s current source of income is from dividends earned from money market funds.

The Company’s unaudited balance sheet, statements of income, and statements of cash flows as of and for the second quarter as six months ended June 30, 2010 are appended to the copy of this press release on www.bexil.com.

Business Overview Bexil is currently operating to acquire and/or develop one or more businesses. There are no limits on the types of businesses or fields in which we may devote the Company’s assets. We have not agreed to acquire any business as of the date of this press release. We have no plans to dissolve and liquidate the Company.

Our acquisition parameters for a public company and private business are:

--  A proven track record with demonstrated earning power.
--  A seasoned business with solid customer relations.
--  Good return on equity, with little or no debt.
--  Solid management. Audited financials required.
--  Particularly interested in a "spin-off" from a larger company.

 

We generally are not interested in acquiring (but we may develop) start-ups, turnarounds, or high tech. We will sign a confidentiality agreement and will protect a broker’s sell agreement. If the seller quotes a price, we will respond promptly.

About Bexil Corporation Bexil is a holding company. To learn more about Bexil Corporation, including Rule 15c2-11 information, please visit www.bexil.com. Approximately 22% of Bexil’s shares are owned by Winmill & Co. Incorporated (WNMLA), which is engaged through subsidiaries in stock market and gold investing through its investment management of equity and gold mutual funds.

This release contains certain “forward looking statements” made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Bexil Corporation, which may cause the Company’s actual results to be materially different from those expressed or implied by such statements. The forward looking statements made herein are only made as of the date of this release, and the Company undertakes no obligation to publicly update such forward looking statements to reflect subsequent events or circumstances.

The Company views book value per share, a non-GAAP financial measure, as an important indicator of financial performance. Presented in conjunction with other financial information, the combined presentation can enhance an investor’s understanding of the Company’s underlying financial condition and results from operations. The definition of book value as presented in this press release is shareholders’ equity divided by currently issued and outstanding shares.

SOURCE: http://www.marketwatch.com/story/bexil-corporation-announces-second-quarter-2010-financial-results-2010-08-13?reflink=MW_news_stmp

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Big Screen Entertainment Group to File Disclosure Statements


HOLLYWOOD, CA, Aug 11, 2010 (MARKETWIRE via COMTEX) — Big Screen Entertainment Group (PINKSHEETS: BSEG) will soon file both their completed 15c-211 Disclosure Statements and their three year consolidated financial statements


After months of preparation, Big Screen management has completed its filings and will become a fully reporting Pinksheet company. Quarterly financials will be posted on the company’s website as part of the new regulations set forth by Pinksheets.

Big Screen Entertainment Group has been very active in the last 12 months with its new distribution arm, a new film in post-production and the continued acquisition and development of new titles for its growing library.

“The company’s business model has grown from being solely a production company at its inception to a full-fledged distributor and sales agency,” said BSEG CEO Kimberley Kates. “We are also adjusting to the ever increasing demands for entertainment in various formats, and have branched out into the gaming industry by partnering with a well respected video game company in Michigan. Much of BSEG’s operations are being conducted in Michigan due to the beneficial Michigan Film Incentive of 40-42% rebate on film production and distribution costs.”

The Disclosure Statements will be filed within the next week.

www.bigscreenent.com

About BSEG:

Big Screen Entertainment Group is a full service entertainment company designed to develop, produce, purchase and distribute products in various media formats, including films, television, music, and video games. BSEG distributes numerous films in their library both internationally as a sales agency and domestically.

Forward-Looking Statements: A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. When used in this press release, words such as “could,” “plan,” “estimate,” “expect,” “intend,” “may,” “potential,” “should,” and similar expressions are forward-looking statements.

SOURCE: http://www.marketwatch.com/story/big-screen-entertainment-group-to-file-disclosure-statements-2010-08-11?reflink=MW_news_stmp

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Mobile Media Unlimited Holdings Aims for Current Info Tier


MMUH Prepares for Current Info Tier Toward Transparency and Shareholder Relations

LONDON, Aug 11, 2010 (GlobeNewswire via COMTEX) — Mobile Media Unlimited Holdings (Pink Sheets:MMUH) releases its share structure as of today as part of an initiative to maximize overall transparency, accessibility and shareholder relations.

Enable CEO David Lovatt comments, “This is an exciting time for Enable, our subsidiary, as we’ve achieved a solid base of worldwide clients and white label partners over the last few months in our service model which provides comprehensive and secure email management and SaaS solutions for companies worldwide. We are confident that this initial success will result in continued progressive success, as we have a number of strategic partners and relationships which foster exponential growth.”

He continues, “It’s crucial that as we experience these successes, that we also remain progressive in our outreach to the general public, particularly existing and prospective shareholders, in line with a core foundation of transparency and communication.”

The company is presently preparing documents including up-to-date Disclosure and Information filings as well as its most recent financials to qualify for OTC Markets’ Current Info Tier. OTC Markets has implemented a strict information reporting system for non-reporting companies and rates them in accordance to transparency elements from Caveat Emptor to Current Information for Pink Sheets companies (http://www.otcmarkets.com/otcguide/investors_market_tiers.jsp), the Current Info tier being the highest with requirements including Initial Disclosure and Information statements, current share structure, current financials and an attorney letter verifying financial information submitted.

Mr. Lovatt stated: “Our current share structure as of July 30th, per our Transfer Agent is as follows:

Authorized Shares: 5,000,000,000

Outstanding Shares: 2,322,390,046

Public Float: 622,390,046

“It is important to note that 1.7 billion of the outstanding shares are restricted shares and held by senior officers of the company.”

The company will be furnishing documents to OTC Markets immediately upon completion and will update shareholders on its status as it occurs.

Enable Software is a Software as a Service enablement provider that enables software vendors to bring SaaS solutions to market. Enable Software specializes in email management software solutions and exclusively works with IT Service Providers to furnish them with the very latest in email management solutions for the modern marketplace. The company has contracts worldwide including Asia, Europe, Australia and India, among others.

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements as a result of various factors and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place under reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Mobile Media Unlimited Holdings and Enable Software take no obligation to update such statements.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: http://www.marketwatch.com/story/mobile-media-unlimited-holdings-aims-for-current-info-tier-2010-08-11?reflink=MW_news_stmp

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American Bio Medica Corporation Second Quarter 2010 Conference Call and Webcast


KINDERHOOK, N.Y., Aug 10, 2010 (BUSINESS WIRE) — American Bio Medica Corporation (Pink Sheets:ABMC), a global provider of point of collection test kits, will release second quarter 2010 results at close of market on Wednesday, August 11, 2010 and will hold its conference call to discuss the second quarter results on Thursday, August 12, 2010 at 11 AM Eastern Time (10 AM Central Time).

This call is being webcast by Thomson/CCBN and can be accessed at ABMC’s Web site at www.abmc.com/investor/

Investors and interested parties are invited to participate. The webcast will be in listen-only mode. Listeners are requested to be online at least fifteen minutes early to register, as well as to download and install any complimentary audio software that might be required.

To ask questions, you are invited to participate in the event by phone by dialing 1866-212-4491, ten to fifteen minutes prior to the start time (to allow time for registration) and reference the passcode ABMC. International callers should dial  416-800-1066 and use the same passcode.

The call will be available for replay on the company’s website at www.abmc.com/investor/ for 30 days.

The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson Street Events (www.streetevents.com), a password-protected event management site.

About ABMC:

American Bio Medica Corporation is a biotechnology company that develops, manufactures and markets accurate, cost-effective immunoassay test kits, including some of the world’s most effective point of collection tests for drugs of abuse. The Company and its worldwide distribution network target the workplace, government, corrections, clinical and educational markets. ABMC’s Rapid Drug Screen(R), Rapid ONE(R), Rapid TEC(R), RDS(R) InCup(R), Rapid TOX(R), and Rapid TOX Cup(R) II products test for the presence or absence of drugs of abuse in urine, while OralStat(R) and Rapid STAT(TM) tests for the presence or absence of drugs of abuse in oral fluids. ABMC’s Rapid Reader(R) is a compact, portable device that, when connected to any computer, interprets the results of an ABMC drug screen, and sends the results to a data management system, enabling the test administrator to easily manage their drug testing program.

SOURCE: http://www.marketwatch.com/story/american-bio-medica-corporation-second-quarter-2010-conference-call-and-webcast-2010-08-10?reflink=MW_news_stmp

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VirTra Posts Record Breaking Quarter with More Than a 50% Increase in Growth & Profit from 2009


TEMPE, Ariz., Aug 09, 2010 (BUSINESS WIRE) — Don Andrus, VirTra Systems’ COO and President (Pink Sheets:VTSI), today announced a record setting quarter for growth and profits. VirTra reported another set of record revenues with over 50% growth as compared to the same quarter in 2009.

The second quarter of 2010 was the highest revenue-generating quarter in the history of the company. Three of the last four quarters have generated an excess of $1.2 million each and VirTra is on track to achieve the highest revenue levels in the history of the company.

With six new and exceptional salespeople to concentrate on selling the highest quality firearm training simulation products in the industry, our quarterly sales of $1,520,211 is a 57% improvement over last year ($551,397 increase).

VirTra’s gross margins remain strong, which is critical for the infrastructure investments necessary to accommodate our continued growth. VirTra is moving into new headquarters to accommodate our growth, while continuing to deliver the highest quality products in the industry. By making efficient expenditures, VirTra’s quarterly gross margins improved from 60.2% to 69.4% from last quarter.

VirTra’s modest expense rate remains constant as the size of the company expands to support this continued growth. VirTra now has 29 full time, qualified, caring, and highly motivated associates working to ensure the company’s success. VirTra will continue to closely monitor overhead and remain within long range growth plans. For the quarter, the expense rate was 38.4% from 38.2% last quarter. Costs were kept well under control, while continuing to allow accelerated growth on the top line.

Ordinary income grew from $213,792 to $472,583 for a 121% increase from last quarter and net gain per share for the second quarter of 2010 was $.0024 compared to $.0021 per share in Q2 2009.

VirTra’s cash was $814,690 as of June 30, 2010 compared to $284,377 as of June 30, 2009. Also, Shareholder’s equity increased over $1,980,000 to $7.87 million at the end of Q2 2010 from $5.89 million as of June 30, 2009.

Don Andrus, COO and President of VirTra, said, “While becoming part of a company that continues to grow and dominate with each passing day is exciting, we are only motivated to work harder and get better. Our supporters and shareholders deserve the best and that means that our team must constantly improve.”

About VirTra Systems

The company produces the best-in-class firearm simulators for both law enforcement and military customers throughout the world. VirTra is the higher standard in simulation: from exceptional customer service to unparalleled technology like 360 degree HD training platforms and the Threat-Fire(TM) safe return fire system (patent pending). When training realism matters, military and law enforcement professionals consistently select VirTra’s simulators to help save lives.

www.virtra.com

One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered “forward-looking statements,” generally preceded by words such as “plans,” “expects,” “believes,” “anticipates,” or “intends.” We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. VirTra Systems urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.

SOURCE: http://www.marketwatch.com/story/virtra-posts-record-breaking-quarter-with-more-than-a-50-increase-in-growth-profit-from-2009-2010-08-09?reflink=MW_news_stmp

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The Amergence Group Announces a New Initiative Called “Dividend Farming” — a Bold Plan to Share Its Future Acquisition Upside Directly With AMNG Shareholders


PHOENIX, AZ and HONG KONG, Aug 06, 2010 (MARKETWIRE via COMTEX) — The Amergence Group (PINKSHEETS: AMNG), a company that focuses on the development, nurturing, and rapid expansion of selected emerging companies across a wide range of industries and disciplines, announced today its new vision called “Dividend Farming” — a methodology intended to more directly share the benefits of the company’s future acquisitions with its shareholders.

The Amergence Group (www.amergencegroup.com) attracts established and early growth businesses seeking to take advantage of resources not generally available to private companies through the public capital markets and provides them mission-critical capital, legal, accounting, and public relations resources. Amergence then acquires these companies and infuses them with the expertise and resources needed to transform them into their own unique, fully-reporting, publicly-traded, bulletin board companies. Following each spin out, Amergence uses its contacts and expertise to assist each company’s introduction into the public marketplace.

The primary goal of the new business development enterprise (”BDE”) is to coordinate services and activities intended to foster and promote a business environment capable of accelerating the growth of these chosen innovative companies. In exchange for its services, The Amergence Group accepts equity positions in each of these promising new companies which are then divided between Amergence and individual current Amergence shareholders following every spin-out.

Peter H. Jacobs, Amergence’s president says, “We call this concept ‘dividend farming,’ and I believe this bold new initiative will induce many of our shareholders to retain and grow their positions in Amergence because doing so will enable them to receive a portion of every company Amergence elects to ’spin out’ as each becomes its own fully reporting public company. Through our acquisition of these diverse companies, The Amergence Group believes it will generate a diverse interest in the Company from many different investment segments.”

With management expertise and offices around the globe, The Amergence Group is uniquely positioned to introduce these bold, edgy, or disruptive businesses to the world as each is spun out to become their own individual fully-reporting public companies.

ABOUT THE AMERGENCE GROUP

The Amergence Group’s (PINKSHEETS: AMNG) provides valuable advice and support to new businesses with its goal of accelerating their intended plans to introduce edgy, disruptive, and/or innovative technologies to the world market. The Company’s 8-year-old Tranzbyte division continues to focus on the development and marketing of its innovative group of optical media enhancement technologies worldwide such as FLASHAlbum, a technology which enables distributors of optic disc media (CDs and DVDs) to combine the best features of both on one USB flash drive.

NOTES ABOUT FORWARD-LOOKING STATEMENTS

Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company’s Securities and Exchange Commission reports and filings. Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.

SOURCE: http://www.marketwatch.com/story/the-amergence-group-announces-a-new-initiative-called-dividend-farming-a-bold-plan-to-share-its-future-acquisition-upside-directly-with-amng-shareholders-2010-08-06?reflink=MW_news_stmp

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Should you buy stocks now or later due to the Labor Report ?


(CNNMoney.com) — Stocks closed lower Friday as concerns about unemployment continued to weigh on the market, although all three major gauges ended the week with gains. The Dow Jones industrial average (INDU) fell 21 points, or 0.2%.

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Should you buy stocks now or later due to the Labor Report ?

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Into the Forefront


 (PCIO 0.01, +0.00, +10.00%)  (MJNA 0.06, 0.00, 0.00%)

MARINA DEL RAY, CA, Aug 05, 2010 (MARKETWIRE via COMTEX) — Marijuana Incorporated (PINKSHEETS: PCIO) (http://www.marijuana-incorporated.com) and Medical Marijuana, Inc. (PINKSHEETS: MJNA) has been galvanized by the New Rasmussen Poll showing 75% of Americans support the use of Medical Marijuana by Adults if prescribed by a physician, up from 63% last October. This number clearly shows that a large majority believes in the efficacy of Cannabis, and is an indication that the 14 States and the District of Columbia, recognizing Medical Marijuana were on the right course in fulfilling the will of their citizens.

“We see these numbers as a ‘Tipping Point,’” stated CEO Bruce Perlowin. “More states that are currently in the process of Legalization efforts will certainly come into the fold and it is also interesting to note that the Poll showed that 95% believe that it is likely that Marijuana will be fully legalized in the next 10 years.

Furthermore, Rasmussen shows that the California Bill to Tax and Regulate Cannabis, Prop 19, has 52% approving while opposed by only 36% indicating strongly that recreational Marijuana will be legal in California in November. Additionally, the City of Detroit is also voting this November to legalize recreational Marijuana.

These facts underscore the decision by PCIO to apply for and receive a name change to “Marijuana, Inc.” and jump into this quickly emerging multi-billion dollar industry. With several divisions being created in Marijuana, Inc., from 420 friendly resorts, to licensing the rights of Medical Marijuana, Inc.’s (PINKSHEETS: MJNA) attractive logo for an entire clothing line, Marijuana, Inc. is positioning itself to be a leader and trend setter in the medical marijuana, cannabis, hemp and related peripheral industries.

About Marijuana, Inc.

Marijuana Inc., a Colorado corporation, is one of the first and most prolific distributors in “The Hemp Network.” The Hemp Network is a division of our sister company, MJNA. Marijuana Inc. invites those that would like to capitalize on this fast growth industry to become a part of The Hemp Network by logging onto http://www.thehempnetwork.com using first name “Marijuana” last name “Inc” and phone # 239-738-0434; 239-738-0434. The company is also the first to develop “420″ friendly resorts, through the acquisition of a new division. The company continues to market the world’s most expensive coffee, like the one described in the movie with Morgan Freeman, “The Bucket List,” and this civet coffee will be available in the company’s “420″ resorts. Marijuana Inc. has also entered into an agreement to acquire certain marketing rights for a clothing line from Medical Marijuana Inc. and if the agreement is consummated, PCIO will issue shares to MJNA and/or its shareholders.

Forward-Looking Statements

This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.

SOURCE: http://www.marketwatch.com/story/new-rasmussen-poll-showing-75-of-americans-support-the-use-of-medical-marijuana-by-adults-if-prescribed-by-a-physician-galvanizing-marijuana-inc-otc-pcio-and-medical-marijuana-inc-otc-mjna-into-the-2010-08-05?reflink=MW_news_stmp

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Strategic MPP Releases Revenue Projections for Next Four Quarters


$18.7M Revenue Project for First Year of Operation

CLINTON, WA, Aug 04, 2010 (MARKETWIRE via COMTEX) — (PINKSHEETS: SMPP) — Strategic Management & Opportunity Corporation today announced gross revenue projections for the quarters ending December 31, 2010, March 31, 2011, June 30, 2011 and September 30, 2011.

Utilizing their newly acquired integrated sales tool for print and web publishers Strategic will capitalize on the existing sales force of its publisher network and catapult thousands of businesses online this next year. “It’s an exciting time for us,” states SMPP CEO, Julienne Audette. “While we put the finishing touches on our newly acquired technology, we continue to expand our reach within our publisher networks. With our newly appointed Vice President of Sales and Marketing, JoAnna Weeks, we are able to make the most of existing relationships within the industry. We are also tapping into new vertical markets that are emerging during this time of rapid change in the realm of small business advertising. We have already begun discussions with different Yellow Pages publishers and digital advertisers. We are currently on target to capture 1.5% of the 14 million US based small businesses over the course of the next year.”

Strategic Management & Opportunity projects it will reach over 150,000 small businesses and gross $18,750,000 in revenue by September 30, 2011.

The specifics packages were not announced however these projections only assume an average sale of $125 per year per advertiser.

-----------------------------------------------------------------
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                   Three Months   Three Months   Three Months   Three Months
                         Ending         Ending         Ending         Ending
----------------------------------------------------------------------------
                  December 31,                                 September 30,
                      2010      March 31, 2011  June 30, 2011      2011

----------------------------------------------------------------------------
Total
 Advertisers:
----------------------------------------------------------------------------
End of Period                           25,000         80,000        150,000
----------------------------------------------------------------------------
Gross Revenue:
----------------------------------------------------------------------------
End of Period                   $    3,125,000 $   10,000,000 $   18,750,000
----------------------------------------------------------------------------

Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

SOURCE: http://www.marketwatch.com/story/strategic-mpp-releases-revenue-projections-for-next-four-quarters-2010-08-04?reflink=MW_news_stmp

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www.puntercalls.com » Sensex holds its own in July


The Bombay Stock Exchange’s ( BSE ) benchmark index, the Sensex , rose for the second straight month in July after ending 0.7% lower on Friday, but underperformed emerging market peers in the month, as RBI’s key rate hike and mixed …

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www.puntercalls.com » Sensex holds its own in July

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