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Sunway Global Inc. (OTCBB: SUWG | Quote | Chart | News | PowerRating) Shares traded up 20% at $3.30
Sunway Global Inc. through its wholly owned subsidiaries, is a leading provider of hospital logistic automation in China. Leveraging on its proprietary technologies, Sunway is engaged primarily in the design, manufacture, sale and maintenance services of two product lines: hospital Pneumatic Tube Systems ("PTS") and Sunway Automatic Dispensing and Packaging systems ("SADP"). It maintains the largest market share in these two segments in China and has an installed base of approximately 200 hospitals in 23 provinces. Sunway has a seasoned management team with a strong focus on standards and technologies. Currently, Sunway has 13 issued patents covering automation and control. Founded in 1971, Sunway is headquartered in Daqing with approximately 200 employees.
SUWG News Yesterday, Sunway Global announced that it has appointed PricewaterhouseCoopers ("PwC") to assist the Company with its compliance with Section 404 of the Sarbanes-Oxley Act of 2002 ("SOX"). Under the agreement, PwC will provide internal controls consulting services to Sunway, such as assisting Sunway in the documentation of its internal controls over financial reporting and disclosure and providing recommendations for improvement, as appropriate and agreed-upon with Sunway. PwC will also provide regular updates to Sunway's management and the Company's Board of Directors during the period of the engagement. "We look forward to working with PwC in our efforts to reach compliance with SOX," stated Sam Sheng, Chief Financial Officer of Sunway. "Our management team is committed to improving our disclosure controls and practices and providing our shareholders with higher quality financial reporting. Improved internal controls should also enable our company to continue to strengthen its operations and business practices."
National Health Partners, Inc. (OTCBB: NHPR | Quote | Chart | News | PowerRating) Shares stayed even at $0.09
National Health Partners, Inc., together with its subsidiaries, engages in the design, marketing, and distribution of discount healthcare membership programs to uninsured and underinsured individuals in the United States. Its membership programs cover various aspects of healthcare, including physicians, hospitals, ancillary services, dentists, prescription drugs, vision care, hearing aids, chiropractic and alternative care, 24-hour nurse line, medical supplies and equipment, long-term care facilities, assisted living facilities, respite care, and home health care through a national healthcare savings network called CARExpress. The company?s CARExpress enables a person to engage in point-of-service transactions directly with healthcare providers and receive discounts from the provider. It markets CARExpress membership programs directly to individuals through direct sales force, television, radio, newspapers, magazines, and the Internet; and indirectly through marketing representatives, brokers and agents, retail chains and outlets, small businesses and trade associations, unions and associations, and marketing companies. The company, formerly known as Spectrum Vision Systems of Indiana, Inc., was founded in 1989 and is headquartered in Horsham, Pennsylvania.
NHPR News Yesterday, National Health Partners announced its financial results for its fiscal quarter ended September 30, 2008. Gross profit increased 67% to $357,420 for its fiscal quarter ended September 30, 2008 from $213,830 for its fiscal quarter ended September 30, 2007 as its gross profit percentage increased to 68% for its fiscal quarter ended September 30, 2008 from 21% for its fiscal quarter ended September 30, 2007. In addition, the company achieved a net loss per share of $(0.01) for its fiscal quarter ended September 30, 2008, representing a 67% decrease from a net loss per share of $(0.03) for its fiscal quarter ended September 30, 2007.
Homeland Security Capital Corporation (OTCBB: HOMS | Quote | Chart | News | PowerRating) Shares traded down 19.05% at $0.085
Homeland Security Capital Corporation, together with its subsidiaries, operates as a consolidator in the fragmented homeland security industry in the United States. It designs, develops, and installs integrated security systems for the corporate and governmental security markets in the mid-Atlantic region; and designs, customizes, installs, connects, and maintains closed circuit television and access control systems for customers in the private and public sectors. The company offers security solutions, including access control, alarm/intrusion, CCTV, communication, perimeter protection, and bomb and metal detection security systems; designs and manufactures network capable radiological detection and isotope identification devices; and distributes radiological detection equipment. Homeland Security Capital Corporation, formerly known as Celerity Systems, Inc., was founded in 1993 and is based in Arlington, Virginia.
HOMS News Yesterday, Homeland Security Capital filed its quarterly report on Form 10-Q for the first quarter ended September 30, 2008. Revenue for the first quarter was $17.7 million, as compared with $2.6 million for the same period in 2007. EBITDAS from continuing operations (earnings before interest, taxes, depreciation, amortization, and stock based compensation expense) was $150,000, as compared to a loss of $330,000 for the same quarter of 2007. Overall HSCC had a $2.3 million loss, or $0.05 per share, attributable to common shareholders for the quarter as compared to a $3.8 million gain, or $0.09 share, for the same period in 2007. In the quarter ended September 30, 2008, HSCC recorded one-time charges of $450,000 with respect to a beneficial conversion feature on its preferred stock and miscellaneous acquisition costs. In the quarter ended September 30, 2007, HSCC recorded a gain of $3.6 million with respect to the sale of a subsidiary.
XFormity Technologies, Inc. (OTCBB: XFMY | Quote | Chart | News | PowerRating) Shares traded down 10% at $0.09
XFormity Technologies, Inc., together with its subsidiary, XFormity, Inc., provides a range of technology solutions to multi-unit business operators in the United States. The company?s suite of products include a business intelligence solution and balanced scorecard solutions that are designed for delivering real-time, or near real-time, exception based management and analysis of key performance indicators. It offers data integration and analytical tools, and business intelligence packages for multi-unit quick-service restaurant owners and operators. The company is headquartered in Dallas, Texas.
XFMY News Yesterday, XFormity Technologies reported financial results for its 1st quarter ending September 30, 2008. Revenues continued to grow at a record pace. The Company reported revenues for the first quarter of $567,521, a 75% increase over the first quarter of 2007 revenue of $324,947. "We are very pleased with the direction of the company and with our revenue growth," stated Chris Ball XFormity's CEO. There was also a significant improvement in net profit, with the first quarter net profit of $65,673 a 150% increase over the first quarter of 2007 net loss of $131,758.
QuoteMedia, Inc. (OTCBB: QMCI | Quote | Chart | News | PowerRating) Shares traded up 20% at $0.06
QuoteMedia, Inc. develops and distributes financial market data and related services. It specializes in the collection, aggregation, and delivery of delayed and real-time financial data content through Internet. The company offers various market information and services, including streaming stock market data feeds, research and analysis information, content applications, portfolio management systems, software products, corporate investor relations provisioning, news services, wireless applications, and custom development. It offers data feed services covering equities, options, futures, commodities, currencies, mutual funds, and indices; and interactive content and data applications, including quote modules, real-time snap quotes, market indices, charts, stock tickers, stock screeners, news, watch lists, market statistics, and investor relations. The company also provides portfolio management systems comprising Quotestream II Desktop, a Web-delivered, embedded application that provides real time tick-by-tick streaming market quotes covering market indices, dynamic and interactive charts, options, news, and research information; and Quotestream Wireless, a wireless companion to the desktop product that allows users to access financial data, news, and charting in real time or delayed modes from various handheld devices. Its portfolio management systems also include Quotestream Professional that is designed for financial services professionals, which features broad market coverage, advanced charting, technical analysis, news, and research data; and Web Portfolio Manager, a solution that allows users to track holdings, conduct in-depth research, and analyze performance for stocks, mutual funds, and indices. QuoteMedia delivers its content to banks, brokerage firms, financial institutions, mutual fund companies, online information and financial portals, media outlets, public companies, and corporate Intranets. The company is based in Fountain Hills, Arizona.
QMCI News Yesterday, QuoteMedia announced financial results for the three and nine months ended September 30, 2008. These results reflect a 26% increase in third quarter revenues, to $1,888,279 from $1,501,097 in the comparative period in 2007. Revenue for the nine months ended September 30, 2008 increased 33%, to $5,300,350 from $3,993,202 in the comparative period in 2007. At September 30, 2008 the Company's cash balance was $264,148, a decrease of $93,168 from our cash position at December 31, 2007. Net cash provided by operating activities was $379,446 for the nine months ended September 30, 2008; this represents a $1,037,980 increase in net cash generated from operations, when compared to the $658,534 that was used in operating activities during the comparative period.
Vortex Resources Corp. (OTCBB: VTEX | Quote | Chart | News | PowerRating) Shares traded down 36.07% at $0.39
Vortex Resources Corporation operates as a natural resources exploration company. It focuses on the acquisition, exploration, development, and production of oil, natural gas, and mineral properties. Vortex principally holds interest in 180-well infill drilling program in Adams- Baggett field to produce natural gas from Wolfcamp Canyon Sandstone reservoir located in Crockett County, Texas. The company, formerly known as Emvelco Corp., was founded in 1992 and is headquartered in Beverly Hills, California.
VTEX News Yesterday, Vortex Resources announced that it is exercising the option to drill its fifth well in Adams-Baggett Field in Crockett County, Texas. After successfully drilling three wells in the Adams-Baggett area and awaiting the results from the fourth well, the management of Vortex has decided to move forward with exercising the option to drill its fifth natural gas well. Two of the previous three natural gas wells were successfully drilled and completed frac treatment on October 27, 2008. The third and fourth wells are anticipated to be successfully completed on or about December 5, 2008. Once completed, plans will be underway to begin drilling on the fifth well, which is also located in Crockett County. "We are very excited about the direction we are headed with Vortex Resources," stated Yossi Attia, CEO of Vortex. "The new President-Elect has been looking for alternatives to off-shore drilling and despite the downward turn of oil prices, natural gas has maintained its steady composure. We are confident more than ever, that with the new Presidential Regime and the shift of focus to onshore drilling, Vortex will be at the forefront of being a viable solution," commented Mr. Attia.
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