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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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Sensex down, Nifty opened with 3.85 points up


Sensex and Nifty opened with various up and down today. Sensex open with less of 1.59 points while Nifty opened with a lead of 3.85 points.

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Sensex down, Nifty opened with 3.85 points up

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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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Dynasty Limousine Inc. Completes Acquisition of Southeast Limousines Inc.


JACKSONVILLE, FL, Aug 12, 2010 (MARKETWIRE via COMTEX) — Dynasty Limousine Inc. (PINKSHEETS: DNYS), a full service Luxury Transportation and Limousine firm covering the southeast United States, has completed the purchase and acquisition of a competitor located in Georgia. Dynasty purchased Southeast Limousine Inc., their vehicles, client base, and current book of business in an all cash transaction. This purchase will facilitate a greater presence for the Company in the Georgia market, and will offer the possibility of opening a third location in the area to service these clients more efficiently.


This is the first acquisition for Dynasty Limousine. There are currently other organizations that are available at attractive pricing, and it is the Company’s goal to expand and take advantage of these opportunities as they become available. Dynasty’s market share has increased during the recent economic downturn as the number of competitors has dropped by over 30% nationwide. The Company has increased revenues by 70% from 2006 to 2009, with Q1 and Q2 results from 2010 to be announced in the coming weeks.

About Dynasty Limousine Inc.

Dynasty Limousine is a full service Limousine and Transportation firm with offices in Jacksonville and Orange Park, Florida. The Company was founded in 1998 and currently operates a fleet of 15 Limousines, Luxury Sedans, and Limousine Buses with service areas primarily in the Florida and Georgia markets. The Company is a member of the National Limousine Association, and has a nationwide affiliate network to handle all domestic service requests. Dynasty currently has 16 employees, and is actively seeking acquisitions and expansion into additional markets.

Dynasty maintains an A+ accredited BBB rating, and was named a National top three finalist for “Limousine Operator of the Year” by LCT Magazine for both 2009 and 2010. Additional company information may be accessed via Dun and Bradstreet, Pinksheets.com, or by visiting the Investor Relations area located on our corporate websites. At the time of this release, the total number of shares issued and outstanding is 4,636,425.

Forward-Looking Statements

Forward-looking statements in this release are made pursuant to the “safe harbor” provisions of the private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts included in this release, are forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company’s products and services, increased levels of competition for the Company, new products and technological changes, the Company’s dependence on third-party vendors, and other risks detailed in the Company’s prospectus and periodic reports filed with the Securities and Exchange Commission. Dynasty Limousine Inc. undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

SOURCE: http://www.marketwatch.com/story/dynasty-limousine-inc-completes-acquisition-of-southeast-limousines-inc-2010-08-12?reflink=MW_news_stmp

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BSE Sensex opens higher by 79 points in banking and PSU stocks


BSE Sensex opens higher by 79 points in banking and PSU stocks. Bombay stock market 150×150 BSE Sensex opens higher by 79 points in banking and PSU stocks The Sensex today opened higher by 79 points on buying by funds in blue chips, especially banking and PSU stocks. ..

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BSE Sensex opens higher by 79 points in banking and PSU stocks

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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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Industry Consultant to Assist in the Go Forward Strategy of PCLI/Integrated Armor


DALLAS, TX, Aug 10, 2010 (MARKETWIRE via COMTEX) — Protocall Technologies, Inc. (PINKSHEETS: PCLI) is pleased to announce the addition to the team of a senior industry consultant, Tony Beyer. Tony will be tasked with moving the initiatives of the company forward in the public sector. “Tony is a great addition because of his manufacturing background, sales management experience, and his experience in the public market. We are lucky to have him on board,” explained CEO Mark Embry.

Tony’s background will be invaluable in the negotiating of contracts, bids, and projects. He will also be critical in building a business development team to expand the company’s national and international branding effort. The following is a brief overview of his background:

Hands-on Executive with broad based experience in Sales/management and maintaining the go forward controls and growth of a company, department or major accounts.

--  Led a start-up from a bankruptcy position to over $3.5 MM in EBITDA by
    year 2.
--  Propelled Fortune 1000 division to top 5% in revenue and #1 in profits
--  United States Navy, Honorable Discharge 1972, Viet Nam Veteran, UDT/
    S.E.A.L. Team
--  Federal Reserve Bank, Advisory Board - Image Standards.
--  Member of The Association for Work Process Improvement (TAWPI) since
    1997. Speaker on the subjects of Sarbanes-Oxley, Check 21 Act and
    Homeland Security.
--  Member of Bankers Administration Institute (BAI) since 1991.
--  Member of Chief Financial Officer Organization.
--  NRCC's Business Advisory Council, Honorary Chairman
--  Have given numerous speeches with the groups listed above and targeted
    SARBOX and HIPAA in those presentations.

 

The company is also in the process of making available all of its detailed corporate information as well as its financials through www.otcmarkets.com in the near future.

About Protocall Technologies: Protocall Technologies, Inc.’s (PINKSHEETS: PCLI) chief asset is Integrated Armor Systems (IAS) that specializes in the design and manufacturing of a wide array of ballistic, blast, and Improvised Explosive Device (IED) resistant and protective products.

The company’s website can be found at http://intergratedarmor.com. The company’s main manufacturing facility and corporate headquarters are located in Dallas, Texas at 11567 Hillguard Rd. Shareholders can reach the company for further information by calling (214) 221-4469.

SOURCE: http://www.marketwatch.com/story/industry-consultant-to-assist-in-the-go-forward-strategy-of-pcliintegrated-armor-2010-08-10?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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Sensex slides on profit-taking, negative Asian cues | Coal Geology


The 30-scrip sensitive index ( Sensex ) of the Bombay Stock Exchange ( BSE ), opened in the red and declined 0.75 percent or 70 points to 18217 by noon. At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was also in …

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Sensex slides on profit-taking, negative Asian cues | Coal Geology

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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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