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Home > (STSA, CYDE, DEPO, CLNO, LABL) Stock Highlights by DrStockPick.com

(STSA, CYDE, DEPO, CLNO, LABL) Stock Highlights by DrStockPick.com

July 29th, 2011 at 03:44 pm






Sterling Financial Corp. (Nasdaq:STSA), the bank holding company of Sterling Savings Bank, announced results for the quarter ended June 30, 2011. For the quarter, Sterling recorded net income attributable to common shareholders of $7.6 million, or $0.12 per common share, compared to $5.4 million, or $0.09 per common share, for the first quarter of 2011, and compared to a net loss of $58.2 million, or $73.91 per common share, for the second quarter of 2010 (per share amount adjusted for a 1-for-66 reverse stock split in November 2010).

Sterling Financial Corporation operates as the bank holding company for Sterling Savings Bank that provides various banking products and services to individuals, small businesses, commercial organizations, and corporations in the United States.

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CyberDefender Corporation (Nasdaq:CYDE) announced that the company will release its second quarter 2011 financial results after market close on Tuesday, August 2, 2011. On the same day, management will hold a teleconference available to all interested parties to discuss its financial results at 4:30 p.m. ET (1:30 p.m. PT).

CyberDefender Corporation provides Internet security software, utilities, and remote technical support services to the consumer and small business market.

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DepoMed Inc. (NasdaqBig GrinEPO) and Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) announced that Ironwood has licensed worldwide rights to utilize Depomed's Acuform™ gastric retentive drug delivery technology for an Ironwood early stage development program, continuing Ironwood's efforts to augment its development pipeline beyond linaclotide. Under the terms of the agreement, Depomed will assist with initial product formulation and Ironwood will be responsible for all development and commercialization of the product. Depomed will be paid an upfront license fee and will receive additional payments pending achievement of certain development and regulatory milestones, as well as royalties on product sales.

Depomed, Inc., a specialty pharmaceutical company, develops and commercializes pharmaceutical products based on its proprietary oral drug delivery technologies in the United States.

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Cleantech Transit, Inc. (CLNO)

Biomass includes varied organic matter like grass, leaves, wood, wood chips, rice husk, peanut shells, sugarcane fiber, sewage etc.

Biomass energy is a renewable form of energy as plants can be grown in a short time. In fact it is considered one of the key renewable resources of the future. It already meets 14% of the world's total energy requirements and 4% of that of the United States alone.

Scientists are trying to find more efficient ways of using biomass energy as it has greater benefits for the environment than fossil fuels. Biomass energy will help the world cut down on waste production and emission of greenhouse gases.

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company's manufacturing clients worldwide.

The technology used by Phoenix Energy to turn your waste from industry agriculture and forestry into power has many environmental benefits. At Phoenix Energy they are deeply committed to their customers both in reducing their costs of operation and in helping them be good corporate citizens, having a positive impact on the environment. By installing their wood waste gasification systems their customers help to:
o Reduce greenhouse gas emissions.
o Reduce the amount of toxic pollutants in the atmosphere.
o Save landfill space from taking up more of their landscape and Reduce groundwater
Contaminants.
o Improve energy security and reduce dependence on foreign sources of energy.

Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.

The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.

For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com


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Multi-Color Corp. (Nasdaq:LABL) announced first quarter increases in net revenues and diluted earnings per share. "Net revenues reached $100 million for the first time in the first quarter. Higher gross margin and lower SG&A as a percentage of net revenues continued to drive increased earnings per share with adjusted diluted EPS up 65% over the prior year quarter," said Nigel Vinecombe, President and CEO of Multi-Color Corporation. First quarter highlights included: Net revenues increased 36% to $100.6 million from $74.1 million compared to the three months ended June 30, 2010. Gross profit increased $7.2 million or 48% compared to the three months ended June 30, 2010.

Multi-Color Corporation provides label solutions worldwide. It offers pressure sensitive labels, in-mold labels, shrink sleeve labels, and heat transfer labels, as well as glue-applied labels, including peel-away promotional labels, thermochromics, holographics, and metalized films.

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