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October 7th, 2011 at 04:13 pm
AngioDynamics (Nasdaq:ANGO), a leading provider of innovative, minimally invasive medical devices for vascular access, surgery, peripheral vascular disease and oncology, reported financial results for the fiscal 2012 first quarter ended August 31, 2011.
Net sales in the first quarter were $54.4 million, a 6% increase over the $51.5 million reported in the prior year period. U.S. sales were $47.3 million and increased 4% over the first quarter of fiscal 2011. International sales of $7.1 million were up 18% from the prior year period. Oncology/Surgery sales were $17.9 million, an increase of 15% from the prior year, and included $2.3 million in NanoKnife(R) System sales, a 105% year-over-year increase. Vascular sales were $36.6 million, an increase of 2% from the first quarter a year ago.
Gross margin increased to 59.1% compared with 57.7% in the fiscal 2011 fourth quarter and 58.3% a year ago. The increase is primarily attributable to material cost reduction programs and improved manufacturing facility utilization. Operating income in the first quarter was $2.7 million, or $3.6 million excluding $0.9 million of restructuring and other items, compared with $3.5 million of operating income a year ago. The restructuring and other items primarily include the CEO transition and the beginning of a program to close a facility in the UK. Net income in the first quarter was $1.4 million, or $0.05 per share, and $2.0 million, or $0.08 per share, excluding restructuring and other costs, compared with $1.9 million, or $0.08 per share, a year ago.
During the first quarter, AngioDynamics generated cash flow from operations of $3.0 million, while cash and investments increased $5.1 million to $136.7 million at August 31, 2011.
AngioDynamics, Inc. is a leading provider of innovative, minimally invasive medical devices used by professional healthcare providers for vascular access, surgery, peripheral vascular disease and oncology. AngioDynamics' diverse product lines include market-leading ablation systems, vascular access products, angiographic products and accessories, angioplasty products, drainage products, thrombolytic products, embolization products and venous products.
More information is available at www.AngioDynamics.com.
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October 6th, 2011 at 03:44 pm
OCZ Technology Group, a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, reports its second quarter results for the fiscal year 2012 (Q2'12), which ended on August 31, 2011. Q2'12 Financial Highlights include the following: Net revenue in Q2'12 was a record $78.5 million, and increased 106% compared with net revenue of $38.0 million reported in Q2'11, and increased 6% compared with the $73.8 million reported in Q1'12; SSD revenue reached a record $71.1 million, an increase of 252% compared with Q2'11 SSD revenue of $20.2 million, and a 3% increase compared with Q1'12 SSD revenue of $69.1 million; Gross margin increased to 21.6% compared with 4.3% in Q2'11, and 20.0% in Q1'12; and GAAP net income in Q2'12 of $3.2 million or $0.06 per share.
GAAP net income for Q2'12 was $3.2 million or $0.06 income per share compared with a GAAP net loss of $7.6 million or $0.29 loss per share in Q2'11. Non-GAAP net loss for Q2'12 was $1.4 million or $0.03 loss per share as compared with a non-GAAP net loss for Q2'11 of $9.7 million, or $0.36 loss per share. The non-GAAP loss for Q2'12 includes a significant increase in R&D expense including approximately $2.3 million related primarily to R&D prototyping, intellectual property and other specific engineering project expenses which are not reflective of R&D expense on a run-rate basis. A reconciliation between GAAP and non-GAAP information is contained in the tables below.
Founded in 2002, San Jose, CA-based OCZ Technology, is a leader in the design, manufacturing, and distribution of high performance and reliable Solid-State Drives (SSDs) and premium computer components. OCZ Technology Group has built on its expertise in high-speed memory to become a leader in the enterprise and consumer SSD markets, a technology that competes with traditional rotating magnetic hard disk drives (HDDs). SSDs are faster, more reliable, generate less heat and use significantly less power than the HDDs used in the majority of computers today. In addition to SSD technology, OCZ Technology Group also offers high performance components for computing devices and systems, including enterprise-class power management products as well as leading-edge computer gaming solutions.
For more information about OCZ please visit www.ocztechnology.com
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October 6th, 2011 at 03:04 pm
Star Scientific, Inc. (Nasdaq:CIGX) reports the publication of the first peer-reviewed article on the in-vitro and in-vivo activity of anatabine in Alzheimer's Disease. The article is authored by scientists at the Roskamp Institute and is electronically published in the European Journal of Pharmacology (2011 Sept 19). It states that anatabine lowers Alzheimer's A-beta production in-vitro and in-vivo.
Star Scientific, Inc., together with its subsidiaries, engages in the development, implementation, and licensing of tobacco curing technology that prevents the formation of carcinogenic toxins present in tobacco and tobacco smoke, primarily the tobacco-specific nitrosamines (TSNA).
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October 6th, 2011 at 03:02 pm
Hess Corporation (NYSE:HES) announced that it will hold a conference call on Wednesday, October 26, at 10 a.m. Eastern Daylight Time to discuss its third quarter 2011 earnings release.
Hess Corporation and its subsidiaries operate as an integrated energy company. It operates in two segments, Exploration and Production (E&P) and Marketing and Refining (M&R).
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October 6th, 2011 at 03:00 pm
Rockwell Collins Inc. (NYSE:COL) will issue a press release reporting its fourth quarter fiscal year 2011 financial results at approximately 7:30 a.m. Eastern Time on Friday, October 28, 2011. An investor conference call and simultaneous webcast to review the financial results will follow at 9:00 Eastern Time.
Rockwell Collins, Inc. engages in the design, production, and support of communications and aviation electronics for commercial and military customers worldwide. It operates in two segments, Government Systems and Commercial Systems.
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October 6th, 2011 at 02:57 pm
Enzo Biochem, Inc. (ENZ)
Enzo Biochem, Inc., is a growth-oriented integrated life sciences and biotechnology company focused on harnessing biological process to develop research tools, diagnostics and therapeutics, and serves as a provider of test services, including exotic tests, to the medical community. Since ENZ was founded in 1976, their strategic focus has been on the development of enabling technologies in the life sciences field.
Contrary to its name, biotechnology is not a single technology. Rather it is a group of technologies that share two (common) characteristics working with living cells and their molecules and having a wide range of practical uses that can improve our lives.
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October 6th, 2011 at 02:55 pm
American Tower Corp. (NYSE:AMT) announced the pricing of its registered public offering of senior unsecured notes due November 1, 2021 in an aggregate principal amount of $500 million. The notes will have an interest rate of 5.900% per annum and are being issued at a price equal to 99.858% of their face value.
American Tower Corporation, through its subsidiaries, operates as a wireless and broadcast communications infrastructure company.
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October 6th, 2011 at 02:53 pm
Home Properties Inc. (NYSE:HME) announced an approximately $25 million capital improvement project to completely transform Arbor Park of Alexandria apartment community located in Alexandria, Virginia. Home Properties has begun remodeling all 851 one- and two-bedroom apartments and two- and three-bedroom townhomes in 52 buildings at this property, previously known as Orleans Village. The entire capital improvement project will be completed over the next four years.
Home Properties, Inc., a real estate investment trust (REIT), engages in the ownership, operation, acquisition, development, and rehabilitation of apartment communities in the United States.
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October 6th, 2011 at 02:47 pm
Home Properties Inc. (NYSE:HME) announced an approximately $25 million capital improvement project to completely transform Arbor Park of Alexandria apartment community located in Alexandria, Virginia. Home Properties has begun remodeling all 851 one- and two-bedroom apartments and two- and three-bedroom townhomes in 52 buildings at this property, previously known as Orleans Village. The entire capital improvement project will be completed over the next four years.
Home Properties, Inc., a real estate investment trust (REIT), engages in the ownership, operation, acquisition, development, and rehabilitation of apartment communities in the United States.
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October 6th, 2011 at 02:44 pm
Global Hunter (GBLHF.PK)
Molybdenum is used in alloys to make the metal stronger and more heat-resistant. Molybdenum's extremely high melting temperature makes it a valuable additive to steel alloys. Adding molybdenum makes steel stronger and more heat resistant. Steels that utilize molybdenum occur in objects such as light bulb filaments and rifle barrels. The steel industry uses 75 percent of the molybdenum mined from the earth.
Global Hunter's focus is on strategic and base metals, with an advanced stage copper oxide project in Chile and a highly prospective molybdenum property in British Columbia, Canada. GBLHF teams are working on developing the Corona de Cobre property in Chile and the Rabbit south property in British Columbia.
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October 6th, 2011 at 02:38 pm
Mid-America Apartment Communities Inc. (NYSE:MAA) announced that the company expects to release its third quarter results on Thursday, November 3, 2011 after market close and will hold its third quarter conference call on Friday, November 4, 2011 at 9:15 A.M. (Central Time). During the conference call, company officers will review third quarter performance and conduct a question-and-answer period.
Mid-America Apartment Communities, Inc., a real estate investment trust (REIT), engages in acquiring, owning, and operating apartment communities primarily in the Sunbelt region of the United States.
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October 6th, 2011 at 02:35 pm
Crown Equity Holdings, Inc. (CRWE)
Crown Equity Holdings Inc. (CRWE) is pleased to announce that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc. Crown Equity Holdings Inc. will own fifty percent (50%) interest in the joint venture.
Commenting on the joint venture, Kenneth Bosket, President of Crown Equity Holdings Inc., said: "We are excited to deliver VoIP communications solutions specifically designed to meet the business and residential market needs in this fast-growing global market."
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October 5th, 2011 at 03:50 pm
Crown Equity Holdings, Inc. (CRWE)
Crown Equity Holdings Inc's selection of Core Link reflects recent diversification beyond CRWE's original charter as a provider of services and knowledge to small business owners taking their own companies public. In addition to these services, Crown Equity Holdings Inc has transitioned into a multifaceted media organization that publishes clients' news online; sells advertising adjacent with its digital network targeted at a high-income audience; designs, hosts and maintains websites; produces marketing videos from concept to final product; crafts press releases and articles for maximum SEO; develops email campaigns; and forges branding campaigns to bolster client company images.
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October 5th, 2011 at 03:47 pm
Northern Trust Corporation (Nasdaq:NTRS) announced an enhancement to its Valuation Toolkit intended to help U.S. state and local government clients address accounting rules and disclosure requirements adopted by the U.S. Governmental Accounting Standards Board (GASB) related to counterparty credit ratings for derivatives investments.
Northern Trust Corporation, through its subsidiaries, provides investment management, asset and fund administration, banking solutions, and fiduciary services for corporations, institutions, and affluent individuals worldwide.
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October 5th, 2011 at 03:45 pm
Global Hunter (GBLHF.PK)
Global Hunter's focus is on strategic and base metals, with an advanced stage copper oxide project in Chile and a highly prospective molybdenum property in British Columbia, Canada. GBLHF teams are working on developing the Corona de Cobre property in Chile and the Rabbit south property in British Columbia.
Global Hunter Corp. (GBLHF.PK) is pleased to announce initial assay results from its previously announced surface sampling program. The results are encouraging with new gold showings as well as very positive copper oxide assays over wide-spread areas.
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October 5th, 2011 at 03:42 pm
Home Bancshares, Inc. (Nasdaq:HOMB) announced it expects to release Third Quarter 2011 earnings prior to the market opening on Thursday, October 20, 2011. Following this release, management will conduct a conference call to review these earnings at 1:00 p.m. CT (2:00 ET) on Thursday, October 20, 2011.
Home BancShares, Inc. operates as a holding company for the Centennial Bank that provides various commercial and retail banking, and related financial products and services to businesses, real estate developers, investors, individuals, and municipalities. It offers various deposit products, including checking, savings, and money market accounts; and certificates of deposit.
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October 5th, 2011 at 03:38 pm
MAJESTIC GOLD CORP (MJGCF.PK)
MAJESTIC GOLD CORP (MJGCF.PK) engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
Gold has a long and fascinating history of use in a diverse range of industries and applications. The future will see gold being used in a multitude of new products and processes. But gold's many valuable properties mean that its technological applications are all around us, right now. Gold wires the internet. It is the material of choice in numerous electronic applications, especially telecommunications, information technology and other high performance and safety critical applications.
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October 5th, 2011 at 03:36 pm
ICU Medical, Inc. (Nasdaq:ICUI) announced it is launching the Neutron™ needlefree catheter patency device with constant neutral pressure at the Association for Vascular Access Annual Scientific Meeting in San Jose, CA. Neutron is the world's first and only device with FDA 510k clearance to claim the ability to prevent fluid displacement during an IV bag run-dry, infusion pump stop, or patient vascular pressure changes caused by coughing, sneezing or movement - all of which have been associated with loss of catheter patency.
ICU Medical, Inc. engages in the development, manufacture, and sale of medical technologies used in vascular therapy, oncology, and critical care applications.
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October 5th, 2011 at 03:31 pm
ICU Medical, Inc. (Nasdaq:ICUI) announced it is launching the Neutron™ needlefree catheter patency device with constant neutral pressure at the Association for Vascular Access Annual Scientific Meeting in San Jose, CA. Neutron is the world's first and only device with FDA 510k clearance to claim the ability to prevent fluid displacement during an IV bag run-dry, infusion pump stop, or patient vascular pressure changes caused by coughing, sneezing or movement - all of which have been associated with loss of catheter patency.
ICU Medical, Inc. engages in the development, manufacture, and sale of medical technologies used in vascular therapy, oncology, and critical care applications.
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October 5th, 2011 at 03:23 pm
Landec Corporation (Nasdaq:LNDC), reported results for the first quarter of fiscal year 2012 ended August 28, 2011. Revenues for the first quarter of fiscal year 2012 increased 13% to $73.3 million compared to revenues of $65.0 million for the first quarter a year ago. Net income was $1.8 million or $0.07 per share in the first quarter of fiscal year 2012 compared to $2.3 million or $0.09 per share for the first quarter of last year.
Revenues increased $8.3 million during the first quarter of fiscal year 2012 compared to the first quarter of fiscal year 2011 primarily due to a $3.2 million increase in value-added fresh-cut vegetable revenues at Apio Inc., Landec’s food subsidiary, primarily driven by the growth of the overall produce category and new product introductions and a $4.9 million increase in Apio export revenues due to greater availability of fruit to export.
Gary Steele, Landec Chairman and CEO, commented, “We had a productive first quarter, achieving revenue growth of 13% and cash flow from operations of $4.4 million, which is the same amount of operating cash generated in the first quarter last year. While net income was lower during the first quarter this year compared to the same quarter last year, we exceeded our internal plan for the quarter. We are tracking well towards meeting or exceeding our financial guidance for fiscal year 2012 of 5% or better revenue growth and 30% to 40% net income growth after adding back the one-time impairment charge of $4.8 million to net income for fiscal year 2011.”
Landec is a materials science company, leveraging its capability in polymer science and bio-application development in order to commercialize new products within a variety of life science fields, including food, agricultural, personal care and medical device applications. With its Intelimer® polymers, Landec is able to customize its proprietary polymer materials for each application through the manipulation of controlled release, temperature activation and biocompatibility properties. Landec’s subsidiary, Apio, has leveraged Landec’s BreatheWay® membrane to become the leader in U.S. fresh-cut specialty vegetables. Landec Ag offers a full solution of seed coatings and enhancements that work with the latest genetic technologies to drive continuous improvements in crop yield.
More about LNDC at www.landec.com
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October 5th, 2011 at 02:58 pm
Ctrip.com International Ltd. (Nasdaq:CTRP) announced that it will hold its 2011 annual general meeting of shareholders at 6F, 99 Fu Quan Road, Shanghai 200335, People's Republic of China on October 20, 2011 at 10:00 a.m. (local time). No proposal will be submitted to shareholders for approval at the meeting.
Ctrip.com International, Ltd. is a leading travel service provider of hotel accommodations, airline tickets, packaged tours and corporate travel management in China.
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October 5th, 2011 at 02:54 pm
Crown Equity Holdings, Inc. (CRWE)
Crown Equity Holdings Inc. (CRWE) is pleased to announce that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc. Crown Equity Holdings Inc. will own fifty percent (50%) interest in the joint venture.
Commenting on the joint venture, Kenneth Bosket, President of Crown Equity Holdings Inc., said: "We are excited to deliver VoIP communications solutions specifically designed to meet the business and residential market needs in this fast-growing global market."
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October 5th, 2011 at 02:50 pm
A. Schulman, Inc (Nasdaq:SHLM) is expanding the range of its specialty antibacterial and antimicrobial masterbatch solutions to meet a wider variety of application needs in the packaging, consumer products and medical markets.
A. Schulman, Inc. supplies plastic compounds and resins to consumer products, industrial, automotive, and packaging markets.
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October 4th, 2011 at 04:20 pm
Sleep is essential for mental and physical restoration. It is a cycle with two separate states: rapid eye movement (REM), the stage in which most dreaming occurs; and non-REM (NREM). Four stages of sleep take place during NREM: stage I, when the person passes from relaxed wakefulness; stage II, an early stage of light sleep; stages III and IV, which are increasing degrees of deep sleep. Most stage IV sleep (also called delta sleep), occurs in the first several hours of sleep. A period of REM sleep normally follows a period of NREM sleep.
Somaxon Pharmaceuticals, Inc. (NASDAQ:SOMX), a specialty pharmaceutical company, announced that it recently had a meeting with the U.S. Food & Drug Administration (FDA) relating to the over-the-counter (OTC) development program for Silenor®. In the meeting, which Somaxon attended jointly with its Silenor partner Procter & Gamble, the FDA provided clinical and regulatory guidance that the company believes provides a clear path forward toward an OTC version of Silenor.
Somaxon believes that the FDA’s guidance provides an opportunity to develop an OTC label that is tailored to Silenor’s clinical profile and differentiated from other OTC sleep products. Somaxon believes that Silenor’s characteristics, including its lack of addiction potential and its clinical efficacy and safety profile, make it an ideal candidate to be the first prescription insomnia product to be converted to an OTC product.
Headquartered in San Diego, CA, Somaxon Pharmaceuticals, Inc. is a specialty pharmaceutical company focused on the in-licensing, development and commercialization of proprietary branded products and late-stage product candidates to treat important medical conditions where there is an unmet medical need and/or high-level of patient dissatisfaction, currently in the central nervous system therapeutic area. Somaxon’s product Silenor, now available by prescription in the United States, is indicated for the treatment of insomnia characterized by difficulty with sleep maintenance.
For more information, please visit the company’s web site at www.somaxon.com.
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October 4th, 2011 at 04:16 pm
Research In Motion Limited (Nasdaq:RIMM) will host BlackBerry® DevCon Americas (www.blackberrydevcon.com/americas) from October 18 to 20, 2011 in San Francisco, California. New and existing BlackBerry® application developers will get an opportunity to interact and learn from RIM and community experts about the latest development technologies for the BlackBerry® platform.
Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry® solution in 1999.
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October 4th, 2011 at 04:13 pm
Crown Equity Holdings, Inc. (CRWE)
Crown Equity Holdings Inc's selection of Core Link reflects recent diversification beyond CRWE's original charter as a provider of services and knowledge to small business owners taking their own companies public. In addition to these services, Crown Equity Holdings Inc has transitioned into a multifaceted media organization that publishes clients' news online; sells advertising adjacent with its digital network targeted at a high-income audience; designs, hosts and maintains websites; produces marketing videos from concept to final product; crafts press releases and articles for maximum SEO; develops email campaigns; and forges branding campaigns to bolster client company images.
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October 4th, 2011 at 04:10 pm
Bridgeline Digital, Inc (Nasdaq:BLIN) announced that, in response to recent accelerated growth, a major international real estate trade association has selected iAPPS to replace their internally developed Content Management System (CMS). After comparing a variety of competitive options, the association's IT and Executive groups selected the iAPPS Product Suite as the best solution for their Web Experience Management requirements.
Bridgeline Digital is a developer of an award-winning web experience management product suite and award-winning interactive business technology solutions that help customers leverage best in class web-based technologies to achieve their business objectives.
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October 4th, 2011 at 04:07 pm
Hormel Foods Corp. (NYSE:HRL) announced the retirement of James R. Hoffman, vice president of Hormel Foods International Corporation (HFIC) for the Americas, effective January 27, 2012.
Hormel Foods Corporation, based in Austin, Minn., is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry.
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October 4th, 2011 at 04:03 pm
AT&T, Inc. (NYSE:T) customers who are blind or have low vision can now access and enjoy their Android device in a fully accessible way. Introducing AT&T Mobile Accessibility Lite, a custom version of the screen-access application, Mobile Accessibility, developed by Code Factory.
AT&T Inc. (NYSE:T) is a premier communications holding company and one of the most honored companies in the world.
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October 4th, 2011 at 03:59 pm
Cleantech Transit, Inc. (CLNO)
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.
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