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Craneware Reports Year-End Financial Results


Significant Product Launch and Client Wins Drive Sales

ATLANTA, Sept 07, 2010 /PRNewswire via COMTEX/ — Craneware plc (AIM: CRW.L; Pink Sheets: CRWRY), the leader in automated revenue integrity solutions for the U.S. healthcare market, today announced financial results for fiscal year 2010.

Financial Highlights for the year ending 06/30/10 include (all figures in U.S. dollars):

Record levels of contracted sales in the year totalling $58.1m (2009: $43.2m), 34% up on the previous year, contributing to:

23% increase in revenues to $28.4m (2009: $23.0m)

49% increase in future revenues under contract to $89.8m (2009: $60.1m)

EBITDA increased 31% to $7.6m (2009: $5.8m)

Profit before taxation increased by 24% to $7.3m (2009: $5.9m)

Cash position increased 13% to $29.4m after paying dividends of $3m in year (2009: $26.1m)

Basic EPS increased to $0.22 (2009: $0.18) and diluted to $0.21 (2009: $0.17)

Final dividend proposed of 4.94 cents per share giving a total dividend for the year of 11.99 cents per share, compared to 7.43 cents per share in FY 2009

EBITDA refers to earnings before interest, tax, depreciation, amortization and share based payments

Operational Highlights for FY 2010

Launched fifth product, Supplies ChargeLink(TM) and completed first sales.

Increased investment in sales and marketing capacity during the year.

Strengthened market position through signing significant partnerships with Premier Healthcare Alliance and McKesson Corporation.

Signed several major multi-site contracts, including with Intermountain Healthcare, described by President Obama and other U.S. leaders as ‘a model for the rest of the nation.’

“While this has been a record year for sales, the investment we made in the business over the year is perhaps more significant,” said Keith Neilson, CEO of Craneware. “We have increased our sales team, expanded our network of alliances and enhanced our product set and customer offering.”

Neilson stated that recently passed healthcare reform legislation will drive growth in the space.

“The U.S. healthcare industry is debating the early effects of healthcare reform and what the rollout of this legislation will mean as it’s introduced over the next eight years,” he said. “This means the drivers for growth in coming years could be higher than those we have experienced in the past. Craneware’s focus on mitigating risk for our customers and delivering financial and operational efficiencies means we are well positioned to benefit from the unprecedented changes we expect to see in healthcare in the U.S.”

According to Neilson, the company currently has $89.8 million of revenues under contract.

“With industry leading product sets and an enviable customer base, our focus now will be on achieving operational excellence and providing the next generation of solutions to help our customers face the challenges that healthcare reform will present.”

For further information, please contact:

    Craneware plc       KBC Peel Hunt         Threadneedle Communications
    +44 (0)1506 407 666   +44 (0)20 7418 8900        +44 (0) 20 7653 9850
    Keith Neilson, CEO  Jonathan Marren       Caroline Evans-Jones
    Craig Preston, CFO  Richard Kauffer       Fiona Conroy
                        Dan Webster

About Craneware

Craneware  (CRWRY 0.00, 0.00, 0.00%) is the leader in automated revenue integrity solutions that improve financial performance for healthcare organizations. Craneware’s market-driven, SaaS solutions help hospitals and other healthcare providers more effectively price, charge and code for services and supplies associated with patient care. This optimizes reimbursement, increases operational efficiency and minimizes compliance risk. By partnering with Craneware, clients achieve the visibility required to identify, address and prevent revenue leakage. To learn more, visit craneware.com.

 

 

 

 SOURCE: http://www.marketwatch.com/story/craneware-reports-year-end-financial-results-2010-09-07?reflink=MW_news_stmp

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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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ProfitShastra's Blog: India Economic Highlights – July 2010


According to Bombay Stock Exchange , India’s initial share sales will more than double in 2010 as the market stabilizes and public sector companies go public. BSE data shows that 28 companies have raise 97 billion Rupees in IPOs so far this year

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ProfitShastra's Blog: India Economic Highlights – July 2010

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Indian Stock Market (Cash, Future And Option Trading Tips) | Forex


StocksDuniya. com, on the BSE and NSE ( Bombay Stock Exchange and National Stock Exchange), with index Sensex & ingeniosos.Para traders, the best selections and tips for the market with quality called Faith and Order, intraday and …

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Indian Stock Market (Cash, Future And Option Trading Tips) | Forex

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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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www.puntercalls.com » Bharti Airtel down 1.5 per cent on BSE


Shares of Bharti Airtel on Wednesday fell by over 1.5 per cent on the BSE after the leading telecom operator posted poor first quarter numbers. Shares of the telecom giant settled at Rs 319.20, down 1.57 per cent on the Bombay Stock Exchange . ..

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www.puntercalls.com » Bharti Airtel down 1.5 per cent on BSE

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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 Evolution Of Indian Stock Market | American Deposit


Sensex , the 30-stock index of the Bombay Stock Exchange , was introduced in 1986 constituting stocks of large and established companies from different sectors.

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The Evolution Of Indian Stock Market | American Deposit

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SREH Retires a Total of 500M Shares to Date as Part of Market Integrity Initiative


NEW YORK, NY, Aug 06, 2010 (MARKETWIRE via COMTEX) — SREH (PINKSHEETS: SREH) (www.sreholdings.com), a holdings company with subsidiaries Scientific News International (www.scientificnewsroom.com) and Mobile2Earth (www.mobile2earth.com), is pleased to announce that the company has completed a cancellation of an additional 360 Million common outstanding shares, placing them in retirement from the treasury permanently.

CEO Anthony Dibiase details the action: “This is in line with our commitment weeks ago to systematically retire common outstanding shares to further the overall integrity of the stock and increase market confidence and overall value for shareholders.”

The company formerly retired 140 million shares and the recent retirement of an additional 360 million shares is part of an aggressive campaign resulting in 500 million shares cancelled and retired to date. The company is entering new horizons, with its companies and trademarked IP, through the end of this year into 2011 with the release of its Mobile2Earth app slate, translating to prospective worldwide sales in a package of aesthetically pleasing, conceptually unique, cost-effective products.

As well, its Scientific News International is gearing up for a busy fall season of international medical conferences and the launch of its revolutionary Doctor2Doctor program, which is currently undergoing a private beta with credentialed medical professionals.

“We feel this will be a big move forward to demonstrate to investors that we’re not only serious about our projects, but about the shareholders that have become a part of SREH, which is growing from developmental to implementation expediently as promised,” concludes Dibiase.

SOURCE: http://www.marketwatch.com/story/sreh-retires-a-total-of-500m-shares-to-date-as-part-of-market-integrity-initiative-2010-08-06?reflink=MW_news_stmp

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