Street Beat: Articleshttp://www.pennypayday.com/street-beat-articles-29.aspxThe Street Beat's up-to-the minute stock market commentary, quotes & analysis, video charts and hot stock alerts will help you make smart investment decisions. We know the hot stocks to watch today!sean@thestreetbeat.com (The Street Beat)support@viestly.com (Vesta Digital)Fri, 18 May 2012 19:42:42 GMTFri, 18 May 2012 19:42:42 GMTViestly60Facebook Opens at $42.05, GIves Up All Gains at $38.01http://www.pennypayday.com/street-beat-articles-29/4334-facebook-opens-at-4205-gives-up-all-gains-at-3801.aspxAtlanta, GA 5/18/12 (StreetBeat) -- Shares of Facebook (Nasdaq: FB) are being quoted at $45 on Nasdaq before the open of trading at 11 am, well above the $38 offer price.

Actually, the indication has bounced around a little, retreating from $45 at first to $43 and then $42. Stand by.

Sterne Agee’s Arvind Bhatia, who has a Buy rating on Facebook’s shares, and a $46 target, tells me this morning “The price seems like a fair price,” with respect to the $38 offer.

“They could have potentially gone higher given the demand that we’re seeing, but they left some room for upside.”

Now the open has been delayed till 11:10, apparently. The indication has dropped to $42. Playing hard to get. Wedding jitters?

The average price target of 8 analysts surveyed by FactSet is $41.50.

A little light reading while yo wait for a quote: the most recent version of the prospectus.

Bloomberg TV is reporting Nasdaq says it is experiencing delays in opening trading.

The average Facebook estimate for this year is $5.076 billion in revenue and 59 cents in non-GAAP EPS, according to those eight analysts I mentioned. That would be 37% revenue growth and 36% EPS growth.

Headlines are coming from Dow Jones saying traders are “experiencing problems, changing, canceling orders.”

We have a winner: The stock has opened at $42.05, now at $42.49 and rising. That’s an 8% gain, so far. Now backing off to $41 and change.

Down to $40.23 … $40.00. Low so far, according to FactSet, is $38.20.

Video game purveyor Zynga (Nasdaq: ZNGA), which has made much off its money off the Facebook game “Farmville,” was halted by Nasdaq because of a circuit breaker. The stock is down $1.10, or 13%, at $7.17.

The stock’s broken through $40 and is $39.06, a 3% rise.

Sterne Agee’s Bhatia remarks, “I’m a little surprise we’re not seeing a bigger pop. I think it signals the pricing was fair, and from my standpoint it makes it a little easier .. it’s difficult for an analyst if there’s too much froth. I’m almost glad to see the stock not trade in an irrational matter.”

Now down to $38.07, up just pennies! Actually, it went down to $38.00, and is hovering at the $38.01 level.

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]]>Bob BenderFri, 18 May 2012 16:06:01 GMThttp://www.pennypayday.com/street-beat-articles-29/4334-facebook-opens-at-4205-gives-up-all-gains-at-3801.aspxTarot Cards, Crystal Balls and History Say to Keep an Eye on Psychic Friends Network (OTCBB:PFNI)http://www.pennypayday.com/street-beat-articles-29/4333-tarot-cards-crystal-balls-and-history-say-to-keep-an-eye-on-psychic-friends-network-otcbbpfni.aspxAtlanta, GA 5/18/12 (StreetBeat) -- Most people over the age of twenty cannot help but remember the days of seeing the television commercials of Youree Dell Harris. Doesn’t ring a bell? Perhaps the name “Miss Cleo,” as Harris was known during her stint as a psychic and shaman for the pay-per-call service Psychic Readers Network, will recharge the memory. The business was estimated to bill more than $1 billion through 900 numbers and credit cards in just over three years, of which it collected at least half. The other half – along with $5 million in fees – was cancelled as part of a Federal Trade Commission lawsuit against Access Resource Services (d/b/a Psychic Readers Network).

Ultimately, the Psychic Readers Network was a knock-off of industry pioneer Inphomation’s widely popular Psychic Friends Network, which launched in 1991 and tallied more than $125 million in annual revenue at its peak of operating the network. The infomercials, set in a talk show format and hosted by music legend Dionne Warwick, were regularly named top infomercial of the year by the Jordan-Whitney Greensheet during its five years of airing.

Competition and what some describe as a loophole in billing laws that allowed hundreds of millions of dollars that were billed by the Psychic Friends Network (PFN) to be deemed unrecoverable by U.S. regulators were the demise of PFN in the late 1990’s; resulting in a bankruptcy filing. In 1999, the creator of PFN, Mike Lasky, re-purchased the company’s assets for $1.85 million. Lasky also won $4.1 million from MCI WorldCom Network Services Inc. in a settlement in 2004.

Believe in soothsayers or not, business is business; and the psychic industry is a huge source of revenue. In fact, the industry is currently estimated at $2 billion a year in the U.S. alone. Lasky is preparing to set the industry on its side again with his son, Marc Lasky, serving as CEO of the new publicly traded Psychic Friends Network, Inc. (OTCBB:PFNI). Going public just a month ago, the company is re-launching the iconic brand utilizing modern-day communication tools and uber-popular actress Vivica A. Fox as a new celebrity host.

"With today's online technology and our strong brand, I believe we are once again positioned to be a market leader," said the younger Lasky in a corporate statement yesterday. The freshly minted public company has pulled together the same management team that generated hundreds of millions in sales and attracted more than ten million customers to build the original company in the 1990’s.

Following the reverse merger with Web Wizard, Inc. in April, PFNI has already been featured in Bloomberg Businessweek for its resurgence in the industry and secured $750,000 in investment capital to complete website development and begin marketing initiatives.

The 21st century PFN will feature a customized state-of-the-art online platform. The new platform has integrated social networking with its own proprietary technology to allow users to build profiles, read reviews and leave comments as well as interact with live professional psychics via mobile and landline phones, computers, laptops, and hand-held devices. For the first time, Psychic Friends customers will be able to speak with psychics through video, voice, or text, according to the company.

Credits or minutes for communication with psychics are purchased securely through the website. Usage can be tracked in a Member’s Area which will provide account information and transaction histories. In a savvy move to help build the brand again, customers will be eligible for free credits by disseminating information about the psychic experience.

While some may doff the psychic industry, this isn’t about tossing chicken bones for some paranormal reading. This is serious business in a multi-billion dollar industry with the pioneer of the industry now a public entity. Whether or not the younger Lasky will parallel or exceed the successes of the elder is yet to be seen, but the pedigree and experience is certainly in place with any potential billing issues apparently remedied this time around. Add in the digital experience and there’s no telling where this may lead in the future, but then again, we are not psychic. Proper due diligence is, as always, encouraged.

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]]>Bob BenderFri, 18 May 2012 15:21:41 GMThttp://www.pennypayday.com/street-beat-articles-29/4333-tarot-cards-crystal-balls-and-history-say-to-keep-an-eye-on-psychic-friends-network-otcbbpfni.aspxFriday’s biggest gaining and declining stockshttp://www.pennypayday.com/street-beat-articles-29/4332-fridays-biggest-gaining-and-declining-stocks.aspxAtlanta, GA 5/18/12 (StreetBeat) -- Here are some of the stocks making notable moves in Friday trading:

Gainers

AngloGold Ashanti Ltd. (NYSE: AU +6.26%) added about 5%. The stock also rose on Thursday, when hedge-fund manager John Paulson made positive comments about the stock at a conference in New York. Paulson rarely speaks publicly about his positions and strategies.

Salesforce.com Inc. (NYSE: CRM +9.78%) shares added 10% after the business software company reported stronger-than-expected results and its sales outlook beat Wall Street’s estimates.

Foot Locker (NYSE: FL +9.71%) rose 9% after posting a 30% jump in first-quarter profit while handily surpassing Wall Street’s top and bottom line estimates.

And Brown Shoe (NYSE: BWS +17.81%), the parent of the Famous Footwear chain, rose 12% after its adjusted first-quarter profit topped analyst estimates. The company also raised its full-year outlook.

Decliners

Autodesk Inc. (Nasdaq: ADSK -15.97%) shares fell 15%. On Thursday, the company issued a cautious forecast for earnings and revenue in the second quarter of fiscal 2013.

Kirkland’s (Nasdaq: KIRK -14.01%) fell 14% after reporting a drop in quarterly profit on the back of slumping sam-store sales.

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]]>Bob BenderFri, 18 May 2012 15:14:57 GMThttp://www.pennypayday.com/street-beat-articles-29/4332-fridays-biggest-gaining-and-declining-stocks.aspxKirkland's (Nasdaq: KIRK) posts 38 pct drop in 1Q profithttp://www.pennypayday.com/street-beat-articles-29/4331-kirklands-nasdaq-kirk-posts-38-pct-drop-in-1q-profit.aspxNorthern, WI 5/18/12 (StreetBeat) -- Kirkland's (Nasdaq: KIRK) first-quarter profit tumbled 38 percent, as sales dropped off in the latter half of the quarter and the home decor store responded with promotions and price cuts.

The company also issued disappointing predictions for the current quarter and full year.

For the quarter ended April 28, the Nashville, Tenn., company earned $2 million, or 10 cents per share, down from $3.2 million, or 15 cents per share, in the same quarter last year.

Sales rose 3.6 percent to $97.8 million from $94.4 million.

The profit beat Wall Street predictions by a penny, according to a FactSet poll.

Kirkland's said its revenue at stores open at least a year fell 1.2 percent.

As it stepped up marketing to counter a drop off in sales, margins and same-store sales both fell, the company said.

For the current quarter, Kirkland's projected a loss of between 7 cents and 11 cents per share on $94 million to $96 million in sales. Analysts polled by FactSet had expected a loss of 1 cent per share on $95.1 million in revenue.

For the full year 2012, the company projected a profit of 87 to 97 cents per share on sales growth of between 7 percent and 9 percent. Based on Kirkland's 2011 sales of $430.3 million, the guidance implies fiscal 2012 sales of between $460.4 million and $469 million.

Analysts polled by FactSet expect a 2012 profit of $1.06 per share on $469 million in revenue.

Kirkland's Inc. opened 5 stores and closed 17 during the quarter, bring its store base to 297 as of April 28. The company said it still expects to open 40 to 45 new stores and close about 30 stores this year.

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]]>Steve KanavalFri, 18 May 2012 14:57:57 GMThttp://www.pennypayday.com/street-beat-articles-29/4331-kirklands-nasdaq-kirk-posts-38-pct-drop-in-1q-profit.aspxWinnebago (NYSE: WGO) gets $321.5 million buyout offerhttp://www.pennypayday.com/street-beat-articles-29/4330-winnebago-nyse-wgo-gets-3215-million-buyout-offer.aspxNorthern, WI 5/18/12 (StreetBeat) -- Winnebago Industries Inc (NYSE: WGO), the largest U.S. motor homes maker, said it received an unsolicited buyout offer from North Street Capital valuing the company at $321.5 million.

The company said it has not received sufficient information to deem the $11 per share offer as credible, and asked its shareholders not to take any action.

It said the board will review any additional information relating to offer and respond in due course.

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]]>Steve KanavalFri, 18 May 2012 14:48:32 GMThttp://www.pennypayday.com/street-beat-articles-29/4330-winnebago-nyse-wgo-gets-3215-million-buyout-offer.aspxSalesforce.com (NYSE: CRM): CLSA Boosts Rating To Buy; Target To $180http://www.pennypayday.com/street-beat-articles-29/4329-salesforcecom-nyse-crm-clsa-boosts-rating-to-buy-target-to-180.aspxShawshank, VA 5/18/12 (StreetBeat) -- CLSA Asia-Pacific Markets analyst Ed Maguire this morning upped his rating on Salesforce.com (NYSE: CRM) to Buy from Outperform, with a new target of $180, up from $160. The upgrade follows the cloud-based software company’s better-than-expected earnings report for the fiscal second quarter ended April.

Maguire writes that the upgrade reflects “improved confidence that growing revenue visibility, healthy business momentum and operational discipline can deliver sustained upside.”

The analyst adds that an increase in total backlog and growing contribution from long-term deals “speak volumes about customer commitment (rather than sales tactics) and this builds a baseline for upward revision as management demonstrates margin leverage.”

Salesforce shares are off to a big start Friday; the stock is up $13.95, or 10.4%, to $147.75.

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]]>Andy DufraneFri, 18 May 2012 14:13:45 GMThttp://www.pennypayday.com/street-beat-articles-29/4329-salesforcecom-nyse-crm-clsa-boosts-rating-to-buy-target-to-180.aspxFacebook IPO: Wall Street Preps for Heavy Trading Volumehttp://www.pennypayday.com/street-beat-articles-29/4328-facebook-ipo-wall-street-preps-for-heavy-trading-volume.aspxShawshank, VA 5/18/12 (StreetBeat) -- Trading houses and brokerages expect Facebook’s (Nasdaq: FB) initial public offering, the second-largest U.S. debut ever, to stoke heavy volume in the stock market on Friday.

The social-media giant was to start trading around 11 a.m. EDT on the Nasdaq OMX Group exchange, which has tested its IPO auction systems four times in the past week to make sure the company’s debut will go off without a hitch. Last week, Neil Catania, chief executive of brokerage firm MND Partners, projected that as many as 600 million shares of the stock could change hands.

That would make it the most highly traded initial public offering ever, above the prior record held by General Motors, which saw 458 million shares trade the day of its offering. A 600-million-share volume would also place it in the top 50 trading days ever, excluding trading in Citigroup and Bank of America during the financial crisis.

On Dec. 17, 2009, 3.8 billion shares of Citigroup traded hands, the most ever for a single trading day. Those stocks were trading for extremely low historical prices during their highest-volume days, which made trading large lots relatively cheap. Facebook, on the other hand, priced its offering at $38 yesterday, the higher end of its range.

Traders expect the company’s IPO to rev trading volumes for some time, which would be much welcomed by many in the market after anemic levels of shares changing hands so far this year.

The first quarter of 2012 saw the lowest average volume since 2007, and fell 14.5% from the same quarter the prior year. April was better, but not by much–trading fell 8% from 2011 levels.

One reason for the low volume is that the market has seen fewer initial public offerings. IPO levels are roughly a sixth of where they were in the 1990s, according to Credit Suisse Group. And according to data from Ipreo Capital Markets, they are still in decline. Deals fell year-over-year for January through April.

Sean Kelly, a managing director with Knight Capital Group, said the stock offering could generate some much-needed excitement from retail investors. “If it goes well and people make some money, it could bring the retail investor back into the market,” he said.

However, not all traders are so optimistic.

“I think Facebook is going to be positive for the market,” said Stephen Carl, head equity trader at Williams Capital Group. “I just don’t know how much of a spark it will give overall.”

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Andy DufraneFri, 18 May 2012 14:05:37 GMThttp://www.pennypayday.com/street-beat-articles-29/4328-facebook-ipo-wall-street-preps-for-heavy-trading-volume.aspxWest Africa Focused Gold Producer Looking For a Bottomhttp://www.pennypayday.com/street-beat-articles-29/4327-west-africa-focused-gold-producer-looking-for-a-bottom.aspxOrlando, FL 5/18/12 (StreetBeat) -- West Africa has become a hotbed for gold mining activity in recent years with its vast reserves of high-grade gold as production in South Africa has contracted, but the area is not without its risks. An uprising in March in the north of Mali by Touareg rebels, impacted several North American-based miners in the area; some worse than others. Top ten gold producer Gold Fields (NYSE:GFI) suspending drilling operations; Randgold Resources Ltd.(Nasdaq:GOLD), who derives the majority of its gold sales from Mali mines, said that operations weren’t affected as much as their fuel supplies; and Avion Gold Corp. (OTCQX:AVGCF) saw shares plummet on the coup news. Avion reported that it had suspended mill expansion plans as a result of the conflict. In addition to owning its promising Houndé gold project in Burkina Faso, Avion holds 80 percent of the Tabakoto and Kofi mines, both of which are northwest of Mali’s capital, Bamako.

Shares of Avion have tumbled about 70 percent to date in in 2012, but are getting a bit of a bounce in early morning trading upon releasing its first quarter 2012 results from operations.

The company reported a four percent increase in revenue of $33.0 million for the quarter compared to revenues of $31.8 million for the comparable quarter in 2011. Avion produced 26,256 ounce of gold during the quarter after final refinery adjustments at a cash cost of per ounce produced of $898. Mining and processing costs were $19.0 million compared to $13.0 million for the comparable quarter last year. Avion recorded a net loss of $6.2 million, or $0.01 per share, for the quarter as compared to net income of $12.6 million, or $0.03 per share, for the same quarter in 2011. In part, the loss was attributed to higher costs from transitions to underground mining; depletion and depreciation charges of $5.1 million and foreign exchange losses of $3.0 million.

Adding some promise to a better second quarter, despite recently cutting production expectations for 2012 from 140,000 – 150,000 ounces to 90,000 – 100,000 ounces, Avion sold 6,188 more ounces of gold in April from inventories. Those sales will benefit operational profits during this quarter. To that end, production mining at the Tabakoto underground deposit also began in February with the ore registering an average estimated grade of 5.40 g/t gold.

At the end of the quarter, Avion had $41.2 million in cash and cash equivalents, including working capital of $19.2 million.

Shares gapped-up modestly with the report this morning but at the time of publishing were back down to even trading on the day. Avion has substantial holdings in a prime gold belt in West Africa, which give the company a certain amount of appeal at these depressed prices. There are clearly hurdles ahead of their mining operations, but the company could represent a value proposition based upon its improved mineral resources at Tabakoto. The stock price is in free-fall, but investors should have their eyes open to it finally finding a bottom as the market cap has been chopped from more than $800 million at peaks in February to around $215 million presently.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Janice MeehanFri, 18 May 2012 13:56:07 GMThttp://www.pennypayday.com/street-beat-articles-29/4327-west-africa-focused-gold-producer-looking-for-a-bottom.aspxWinning Brands (OTCBB: WNBD) First Delivery of 1000+ Stain Remover to a Military Facilityhttp://www.pennypayday.com/street-beat-articles-29/4326-winning-brands-otcbb-wnbd-first-delivery-of-1000-stain-remover-to-a-military-facility.aspxOrlando, FL 5/18/12 (StreetBeat) -- 1000+™ Stain Remover, World's Most Versatile Cleaning Solution™, has received its first order for delivery to a military facility in Canada. 1000+ is manufactured by the Niagara Mist Marketing Division of Winning Brands Corporation (OTCBB: WNBD). The first order is for product to be used at a Canadian Forces Base in Ontario.

Winning Brands CEO, Eric Lehner, comments: "It's a morale booster for us at Winning Brands. We are grateful but also proud that careful evaluation has confirmed the usefulness of 1000+ Stain Remover in a military setting for a variety of purposes. We will work hard to deliver customer satisfaction and also look forward to being of service to U.S. military agencies when they complete their own evaluations."

ABOUT WINNING BRANDS CORPORATION: Winning Brands is a manufacturer of advanced cleaning solutions including 1000+ Stain Remover, World's Most Versatile Cleaning Solution™, an alternative to conventional cleaning solvents. 1000+ Stain Remover is a Schedule Contract Holder under the U.S. Government's General Service Administration.www.WinningBrandsGOV.com. The innovative stain remover and multi-cleaner was known during early marketing as Winning Colours. The brand's interesting household, commercial and industrial cleaning characteristics can be seen on Facebook and Youtube.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Janice MeehanFri, 18 May 2012 13:47:27 GMThttp://www.pennypayday.com/street-beat-articles-29/4326-winning-brands-otcbb-wnbd-first-delivery-of-1000-stain-remover-to-a-military-facility.aspxGate To Wire (PinkSheets: GWIR) Enters Into an Agreement to Acquire a Poker Companyhttp://www.pennypayday.com/street-beat-articles-29/4325-gate-to-wire-pinksheets-gwir-enters-into-an-agreement-to-acquire-a-poker-company.aspxOrlando, FL 5/18/12 (StreetBeat) -- Gate To Wire Solutions, Inc. (PinkSheets:GWIR), a solutions provider and advisory organization to international horse racing and casino gaming interests, has announced that it has entered into a Letter of Intent to acquire 2251803 Ontario Ltd., a company doing business as the Poker Management Group ("PMG"). PMG is the operator of the World Poker Showdown, a poker room management company selling poker vacations on cruise ships, and Contest Poker, a recently developed brand that will operate an online sweepstakes poker business in regulated markets.

The acquisition of PMG will be completed on a share exchange basis with the shareholders of PMG receiving 12.5 million new common shares of G2W. PMG shareholders will also receive an earn-out paid annually of 15% of Earnings before Interest, Taxes, Depreciation, and Amortization ("EBITDA") capped at a cumulative amount of $25 million. The Company's poker management team will be led by Herb Van Dyke, an experience poker room and casino operator with over 35 years of experience in the casino gaming and poker industries.

"This is an exciting opportunity for G2W and we look forward to working with Herb and the PMG management team," stated Mr. John G. Simmonds, President and CEO of G2W. Mr. Simmonds added, "Poker has enjoyed resurgences in North America and the world as regulated markets have continued to embrace new poker room licenses and online poker opportunities. We believe there will be a tremendous opportunity to develop a recognized poker room brand. It is important to note that the company will only look to operate in regulated jurisdiction with valid licenses and Mr. Randy Barber will remain on our Board of Directors and oversee the company's gaming compliance."

Mr. Herb Van Dyke of PMG stated, "There is a tremendous opportunity to consolidate and brand a network of poker rooms and I believe Gate To Wire provides the necessary vehicle we need to advance this business and develop our online poker product. I look forward to working with John to enhance this business and build an industry leading Board of Directors."

PMG is a private entity formed to operate and manage poker rooms and to develop an online sweepstakes based subscription poker service that will provide a legal online poker service to the regulated markets.

Gate To Wire Solutions, Inc. is a public company trading under the symbol GWIR on the OTC Pink Sheets exchange in the United States. It is a solutions provider and advisory organization to horse racing and casino gaming interests.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Janice MeehanFri, 18 May 2012 13:39:27 GMThttp://www.pennypayday.com/street-beat-articles-29/4325-gate-to-wire-pinksheets-gwir-enters-into-an-agreement-to-acquire-a-poker-company.aspxDouble Digit Hair Growth in RepliCel's (OTCBB: REPCF) First-in-man Clinical Trialhttp://www.pennypayday.com/street-beat-articles-29/4324-double-digit-hair-growth-in-replicels-otcbb-repcf-first-in-man-clinical-trial.aspxPalm Beach, FL 5/18/12 (StreetBeat) -- RepliCel Life Sciences Inc. (OTCBB:REPCF) is pleased to report that further analysis of results from its successful first-in-man clinical trial revealed substantial hair growth including seven participants with growth in excess of 10%, including 17.2%, 19.2% and 19.6%. Furthermore, there were no negative health effects.

"The RepliCel TS001-2009 trial was a first-in-man trial with a primary endpoint of safety and this was confirmed emphatically," stated Dr. Rolf Hoffmann, Chief Medical Officer at RepliCel. "Even though the size of the trial was only powered for safety measures, secondary endpoints were included in interim analysis to give us an early look at efficacy to allow us to better drive the design of the next steps of the clinical development of the RepliCel™ procedure," Dr. Hoffmann concluded.

Darrell Panich, Vice-President of Clinical Affairs at RepliCel said, "While the interim analysis results show us that significantly more subjects (63%) had an increase in hair density of greater than 5% (vs. control) at six months post injection, some subjects had not yet shown an increase at this time point. Participants demonstrated changes from baseline, as much as 19.6%, while others showed decreases of as much as 6.2%. The overall average, as previously reported, was 6.2%." Mr. Panich went on to say, "A negative measurement from baseline at six months is not unexpected as many hair fibres in the area of injection typically fall out from trauma; not unlike hair transplant surgery. Further analysis of the data we collected from our small, first-in-man trial will help us characterize the many factors that determine an individual's response to treatment with injected autologous Dermal Sheath Cup Cells (DSCC) which will lead to an improved treatment regimen."

RepliCel is currently performing an in-depth analysis of the interim data collected during the TS001-2009 clinical trial to identify factors that may impact the efficacy DSCC. The extent of subject response will be reviewed in relation to subject-factors (age, gender, health status, etc.), cell culture factors (duration of cell culture, cell morphology, cell protein markers, gene expression, etc.), and environmental factors (duration between biopsy and culture preparation, shipment durations/temperatures, etc.). "By cross-referencing the subject-response data collected by the primary investigator against other measured variables and against results from histopathological analysis of biopsies collected from treatment zones, we will develop an improved understanding of the factors that impact the efficacy of our technology in humans and therefore the protocol for treatment going forward," said Kevin McElwee, PhD, Chief Scientific Officer of RepliCel. "The development of this technology is an iterative process beginning with our first-in-man trial. The next research steps are driven off the back of the data points that have been collected and will enable development of the next treatment protocol," Dr. McElwee commented further.

RepliCel's next (Phase IIb) trial is designed to be a dose-finding study which will assess the number of characterized cells and the appropriate treatment pattern necessary to promote optimal hair growth. Subject to regulatory approval, the Company is planning a 12-24 month clinical trial that will include multiple subject cohorts studying different doses of DSCC. Each subject will be given several different injections, while some cohorts will receive additional injections at subsequent time points. The Company will also review its standard operating procedures (SOPs) of cell biopsy, cell isolation, cell culture media, cell carrier, and injection media to fine-tune those processes in advance of a regulatory submission for a Phase IIb dosing trial.

Subjects in RepliCel's Phase I/IIa clinical trial will continue to participate in the post injection follow-up period of the study until August 2013 and a review of final safety and efficacy results will commence before the end of 2013. The continued follow-up period is a key component of the study to confirm treatment safety profile and response trends at 6, 12 and 24 months.

"The Company's first-in-man trial has accomplished the regulatory and corporate goal of providing the required safety data, as well as an early proof of principle in humans of response to treatment," stated David Hall, CEO of RepliCel. "Further analysis of our data and iteration of SOPs will together define the protocols for our next stage of development designed to increase both response and efficacy. We now have the basis for the development of our Investigational Medical Product Dossier and to initiate direct meetings with the appropriate regulatory bodies. We are excited by the results and the opportunity they provide to advance our autologous DSCC therapy towards a successful treatment for pattern baldness in men and women," concluded Mr. Hall.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Ashley MontgomeryFri, 18 May 2012 13:32:38 GMThttp://www.pennypayday.com/street-beat-articles-29/4324-double-digit-hair-growth-in-replicels-otcbb-repcf-first-in-man-clinical-trial.aspxInergetics (OTCBB: NRTI) and NVL Agree to Exclusive Two Year Sponsorship and Distribution Agreementhttp://www.pennypayday.com/street-beat-articles-29/4323-inergetics-otcbb-nrti-and-nvl-agree-to-exclusive-two-year-sponsorship-and-distribution-agreement.aspxPalm Beach, FL 5/18/12 (StreetBeat) -- Inergetics, Inc. (OTCBB:NRTI), announces that the Company's Surgex nutritional product line was selected to be the nutritional supplement of the National Volleyball League (NVL).

Under our two year category exclusive agreement, Inergetics will provide its current and expanded nutritional supplement line to the NVL and its players. The NVL will host six major events this year starting May 19 in the infield of the Preakness Stakes. The #1 ranked beach volleyball team in the world and defending Gold Medalists Todd Rogers and Phil Dalhausser will compete along with 2012 Olympians April Ross and newly announced Cover Girl Jenn Kessy. NBC has confirmed filming this high profile event where over 100,000 people will be in attendance.

Under this agreement players in the NVL will be incentivized to not only use the Surgex product line, but distribute it to other institutions and their global fan base on a direct marketing and sales platform basis.

Mark Mirken, CEO and Chairman of Inergetics, stated, "This is the first transaction of its kind where a professional sports league consisting of the world's greatest volleyball players engaged in such a financially reciprocal relationship. Our ability to develop relationships with the league's players, have them experience the product line's benefits firsthand and then engage directly in the marketing and sales of Surgex is a very valuable asset and the NVL will generate millions in revenues, during the contract term." He further stated, "Clearly, Beach Volleyball is one of the world's most demanding physical sports. It requires almost instantaneous recovery under the most stressful conditions. Our Surgex product line is exactly what their highly trained professional athletes want and need."

CEO and founder Albert "AL-B" Hannemann states, "I am excited about this new partnership that really gives our players an opportunity to be successful and generate revenue for themselves with a truly great product. I have been taking the product for months and am a believer in what Inergetics has created. Our sport requires serious recovery and this is the answer for the professional volleyball athlete to the weekend warrior. We look forward to a long term mutually beneficial partnership and are thankful for this opportunity."

About Inergetics, Inc.
Inergetics, Inc. is a leading developer of nutritional supplements for the Clinical Health and Sports Supplement markets. Inergetics has developed the Surgex® sports nutrition formula to meet the nutritional needs of professional, Olympic and amateur elite athletes that experience post-workout symptoms such as fatigue, loss of lean muscle, oxidative stress, and reduced immune function. Additionally, Inergetics has established a line of Resurgex™ products that provide comprehensive nutritional support for actively treated cancer patients as well as those in post-treatment care and elderly members of the assisted living community. To learn more about Inergetics, visitwww.inergetics.com, the Resurgex™ product website and online store, and www.resurgex.com, and the Surgex® product website and online store at www.surgexsports.com.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Janice MeehanFri, 18 May 2012 13:24:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4323-inergetics-otcbb-nrti-and-nvl-agree-to-exclusive-two-year-sponsorship-and-distribution-agreement.aspx3 Things to Know Before Tradinghttp://www.pennypayday.com/street-beat-articles-29/4322-3-things-to-know-before-trading.aspxPalm Beach, FL 5/17/12 (StreetBeat) -- Stocks were weak in Asian trade. The Nikkei was among the worst with a three percent decline, Australia lost two and two thirds percent, Shanghai fell 1.4% and the Hang Seng was off by 1.3%. European index are mixed but have been improving all morning after a lower open; currently the Dax is up a quarter of a percent, though the Footsie is still lower by a half percent or so. US stock futures are up more than a half percent as I write.

*The April reading of Japanese Nationwide Department Store Sales were up 1.3% on a year on year basis, down from the fourteen percent gain seen in March that was greatly affected by the comparison to March 2011 when the earthquake started a chain of unfortunate events and kept people out of the stores.

*The European Commission denies they are working on a contingency plan should Greece exit the Euro Zone; the rumor that they were working on such a plan had been the topic of chatter earlier. In other news ECBer Paramo says it would be impossible to avoid a catastrophe if the Euro Zone broke up. (Well sure and in part that is so because European officials are not making contingency plans that deal with a member or members exiting.)

*The April reading of Germany’s Producer Price Index was up 0.2% month on month and +2.4% year on year; both results were one tenth under the forecast.

*G8 leaders are gathering at Camp David today and tomorrow. NATO country bosses are due to meet in Chicago on Sunday and Monday…oh boy.

*The April reading of Canada’s Consumer Price Index is due out at 7:30am CDT, it is expected to be +0.3% month on month and +1.9% year on year.

*Have you heard? Facebook begins trading today, set to start at 10am CDT.

*The Fed is scheduled to buy Treasuries today that are due to mature between 8/15/20 and 5/15/22; the results of the operation will be announced just after 10:00am CDT.

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]]>Ashley MontgomeryFri, 18 May 2012 13:15:20 GMThttp://www.pennypayday.com/street-beat-articles-29/4322-3-things-to-know-before-trading.aspxMISCOR Group (PinkSheets: MIGL) Announces Distribution Agreement with Avtron Industrial Automationhttp://www.pennypayday.com/street-beat-articles-29/4321-miscor-group-pinksheets-migl-announces-distribution-agreement-with-avtron-industrial-automation.aspxPalm Beach, FL 5/17/12 (StreetBeat) – MISCOR Group, Ltd. (PinkSheets: MIGL) is pleased to announce the authorization of its wholly owned subsidiary, Magnetech Industrial Services, as a distributor for Avtron Industrial Automation, Inc. As a distributor Magnetech offers its customers access to Avtron's encoders, encoder signal convertors, and related encoder accessories for various applications across several industries, including metal producing, metal forming, pulp and paper, wind energy and material handling. Magnetech provides comprehensive maintenance and repair services for electrical-mechanical industrial equipment and power distribution equipment, including rewind and refurbishment, field services, preventative maintenance, and emergency services.

"Avtron is an ideal partner for us. Keeping our customers productive is our business. Avtron's specially engineered, ultra reliable products align with our commitment to provide customers with exceptional repair services and value-added products," said Michael P. Moore, President and CEO of MISCOR Group.

The agreement grants Magnetech the rights to distribute Avtron branded products, including the SMARTach™ and THIN-LINE™ product lines, along with other related spare parts and accessories, which ultimately improve productivity. The terms of the agreement allow distribution within a geographical territory consisting of Ohio, Indiana, Michigan and Kentucky.

"We're delighted to welcome Avtron as a new vendor partner. This agreement further supports our commitment to provide superior quality products to our customers through the Magnetech sales network," remarked Moore. "The Avtron portfolio of encoders will provide our customer community with durable, highly customizable offerings for their most complex applications. We are excited about the opportunities created by this partnership as we continue driving our growth initiatives and delivering on our performance expectations."

About MISCOR Group, Ltd.

Massillon, Ohio-based MISCOR Group, Ltd. provides electrical and mechanical solutions to industrial, commercial and institutional customers through two segments: Industrial Services, consisting of the Company's maintenance and repair services to several industries, including electric utilities, wind power, transportation, chemical, oil, pulp and paper, metal manufacturing and forming, and repairing, manufacturing, and remanufacturing industrial lifting magnets for the steel and scrap industries; and Rail Services, consisting of the Company's manufacturing of power assemblies, engine parts, and other components related to large diesel engines.

About Avtron Industrial Automation, Inc.

Avtron Industrial Automation is recognized worldwide as the market leader in heavy duty encoders, used to provide precise speed control in severe environment applications including metals, cranes, pulp & paper, material handling and wind turbine generators.

Avtron Industrial Automation also delivers drive systems, automation solutions and diagnostic software designed to help users reduce costs, increase efficiency and enhance profitability. Headquartered in Independence, Ohio, Avtron Industrial Automation provides solutions for the global market.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Ashley MontgomeryThu, 17 May 2012 15:24:12 GMThttp://www.pennypayday.com/street-beat-articles-29/4321-miscor-group-pinksheets-migl-announces-distribution-agreement-with-avtron-industrial-automation.aspxOverhyped Social Media Stocks Highlight Value in CrowdGather (OTCBB: CRWG)http://www.pennypayday.com/street-beat-articles-29/4320-overhyped-social-media-stocks-highlight-value-in-crowdgather-otcbb-crwg.aspxPalm Beach, FL 5/17/12 (StreetBeat) – There is a lot of activity surrounding social media stocks with the Initial Public Offering of Facebook (NASDAQ: FB) coming on Friday. The new listing, which could see the company valued at as much as $100 billion, has investors and analysts already concerned that the world’s largest social network could be overvalued from the get-go. Rather than try to ride that wave, savvy investors are looking to other social media and networking-related stocks that may offer a larger upside potential. An assessment of book value to price and shareholder equity/deficit of companies such as LinkedIn Corporation (NASDAQ: LNKD); IZEA, Inc. (OTCQB: IZEA); and CrowdGather Inc. (OTCBB: CRWG) reveals some stark differences and showcases where true value propositions may be found.

LinkedIn has become a household name and posted overall gains since its IPO in May of 2011. As the world’s largest professional network, revenues more than doubled in the first quarter; jumping net income to $5 million from $2.1 million in the year prior. The challenge is that LNKD already holds a huge market capitalization of $11.6 billion and is at the top-end of its price range since it IPO’d. Even though it has raised guidance and boosted revenue, many analysts still feel that the market cap is heavily weighted on where the company can be in 5 years or more, which has mushroomed the market cap to a position that the company may not be able to meet expectations for growth. The company has built a balance sheet that is nothing shy of impressive, though, with $873 million in assets and only $248 million in liabilities; giving them a book value of $624 million and a book value per share of $6.05. Total stockholder equity rings-in at $951 million. Shares of LinkedIn are trading at $111.95 each.

IZEA has certainly been making waves across the web as well recently. The company is focused on social media sponsorships (SMS), a growing segment within social media, where a company compensates a social media publisher to share sponsored content within their social network. It’s a broadening space, but the company seems undercapitalized at present. IZEA has amassed a net deficit of $18.1 million since inception and only has $225,000 in cash after a nearly $4 million loss in 2011. Book value per share is (-0.047), yet shares are trading at $0.37 giving IZEA a market cap of $14.31 million. IZEA has experienced momentum in its share price based upon provided guidance for significant growth in revenues for this coming fiscal year, but it does not have an appealing balance sheet.

CrowdGather Inc., a leading network of forum communities on the Internet and developer of innovative advertising technologies to monetize them, has been unnoticed by investors and may offer substantial upside, as justified by their finances and business model. The structure of being focused on forums may give CrowdGather a competitive position amongst Internet companies that are engaged in monetizing traffic from advertisements placed alongside user generated content like Twitter, Yelp, or Facebook. Forums, one of the original social media platforms, attract a different type of crowd that somewhat eschews places like those where posts are extremely short or social in nature. Forum users are focused on long form, in-depth discussions that serve as a valuable resource for people seeking knowledge about specific topics. While not as widely publicized, the industry is thriving with users. CrowdGather not only owns highly trafficked forums, but it also provides several easy-to-use platforms for members to build their own forum for their topic of choice. As per Google Analytics, during the third quarter ended January 31, 2012, CrowdGather’s traffic averaged 231 million monthly page views and 16.8 million monthly unique visitors across all properties.

While other Internet microcaps are burning through money like it is free, CrowdGather has a very high gross margin business that should make it easier for them to deliver bottom line results when revenues exceed expenses. In the most recent quarter, the company realized revenues of $549,750 for the three months ended January 31, 2012, as compared to revenues of $380,212 for the three months ended January 31, 2011. The absolutely stunning part: cost of revenue for the three months ended January 31, 2012 was $4,793, as compared to cost of revenue of $44,186 for the three months ended January 31, 2011. CrowdGather delivered a gross profit margin of almost 99% in their last quarterly results filing. If the company is able to maintain margins anywhere close to this as they scale, shareholders could see significant net income and EPS from the company in the future.

Insiders are not missing the big picture with CrowdGather as evident in the buying activity last year at higher prices than current levels. While other Internet micro caps are diluting to raise funds, CrowdGather is sitting on cash. Further, beta testing for its ad server is nearly complete with a launch planned for this fall, which could increase revenue momentum over the long term as the company will be able to more effectively target all of their hosted forums for advertisers seeking a specific vertical or demographic.

At the end of the latest quarter, CrowdGather had roughly $2.7 million in cash and $16.8 million in net shareholder equity. There are very, very few companies that post positive shareholder equity in the Over The Counter markets. Total liabilities only equal $83,000; giving CrowdGather a book value of 29 cents per share. Shares closed on Tuesday, May 15, 2012 at 28 cents each which equals a market cap of $16.3 million.

Breaking it down:

Taking the facts and ignoring the hype often results in a clearer picture of value. Pitting CrowdGather toe-to-toe with any of its micro cap Internet or Social Media peers shows a small, but sound business strategy with solid margins and wise financial sense. It also shows that the company is only trading at the value of its cash and assets without any real regard for its growth prospects. The numbers don’t lie.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Ashley MontgomeryThu, 17 May 2012 15:16:29 GMThttp://www.pennypayday.com/street-beat-articles-29/4320-overhyped-social-media-stocks-highlight-value-in-crowdgather-otcbb-crwg.aspxThursday’s biggest gaining and declining stockshttp://www.pennypayday.com/street-beat-articles-29/4316-thursdays-biggest-gaining-and-declining-stocks.aspxOrlando, FL 5/17/12 (StreetBeat) – Below are some of the stocks making significant moves in Thursday’s U.S. trading:

Gainers

Sears Holdings Corp. shares (Nasdaq: SHLD +9.83%) jumped more than 12%. The company swung to a profit for the first quarter ended April 28 on a boost from shedding some real estate, part of slimming-down process that the retailer signaled Thursday it intends to continue as it revealed plans to trim its ownership stake in Sears Canada.

Boyd Gaming Corp. shares (NYSE: BYD +5.73%) were up 6.7%. Late Wednesday, the company revealed plans to buy Peninsula Gaming LLC in a $1.45 billion deal that will expanding its reach in the Midwest and South. Boyd said the deal to acquire the privately held casino operator is expected to close by the end of this year.

U.S.-listed shares of Pansoft Co. Ltd. (Nasdaq: PSOF +23.27%) rallied 23% after the China-based software provider for the oil and gas industry said it agreed to be taken private at a cash price of $4.15 a share. The buyer is Timesway Group Ltd., controlled by Chairman Hugh Wang and CEO Guoqiang Lin.

Losers

Dollar Tree Inc. shares (Nasdaq: DLTR -4.55%) fell 4%. The deep discounter posted results for the first quarter than came in better than expected but cautioned on second-quarter results.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Janice MeehanThu, 17 May 2012 14:55:23 GMThttp://www.pennypayday.com/street-beat-articles-29/4316-thursdays-biggest-gaining-and-declining-stocks.aspxPandora (NYSE: P) Dominates Los Angeles Radiohttp://www.pennypayday.com/street-beat-articles-29/4315-pandora-nyse-p-dominates-los-angeles-radio.aspxOrlando, FL 5/17/12 (StreetBeat) – Yesterday on TheStreet, I provided color on news that Triton Digital will measure Pandora (NYSE:P) listening at both the local and national level. These ratings cover the country's largest radio markets and, for all intents and purposes, equate to the numbers Arbitron publishes to gauge terrestrial radio listening.

In yesterday's article, I was the first to compare Pandora's results in a major local market, Dallas-Fort Worth, to that of terrestrial radio stations in the metro. Today, I look at the nation's second-largest market, Los Angeles, where Pandora puts up an even stronger performance than it did in DFW. Refer to Wednesday's piece for ratings-related definitions/methodology and a link to fair use guidelines of Arbitron's proprietary data.

In LA, during the month of March, for the Monday through Sunday, 6 a.m.to Midnight period, Triton credits Pandora with Average Quarter Hour (AQH) ratings of 1.2, 0.9 and 0.7 among Adults 18-34, Adults 18-49 and Adults 25-54 years of age, respectively, in Los Angeles. Based on these numbers, it's not a stretch to say Pandora dominates Los Angeles radio.

Pandora has double the 18-34 AQH rating of the two terrestrial stations, legendary outlets Power 106 and the home of Ryan Seacrest's morning show, 102.7 KIIS-FM, tied for the top spot in Arbitron's LA figures for March. In the 18-49 year old demographic, Pandora is No. 1 in LA, based on Triton's measurement, beating out the same two stations by considerable margins. Pandora also takes the top spot in the all-important 25-54 year old category at 0.7, putting it ahead of top terrestrial stations, KIIS-FM and Adult Contemporary outlet KBIG-FM.

While this does not spell the absolute end for terrestrial radio, it's pretty close.

In one respect, big radio companies have an edge over Pandora and Internet radio in general. While Pandora can claim the No.1 spot in Los Angeles in the aforementioned crucial demos, companies such as Clear Channel (PinkSheets:CCMO) and CBS Radio (A division of CBS) can offer ad time across formats on their clusters in LA and other markets. As of this writing, Clear Channel owns 8 stations in Los Angeles, including KIIS and KBIG. CBS owns 6 outlets in the market. Emmis Communications (Nasdaq:EMMS) owns Power 106, the other station mentioned in this article. That's pretty powerful, especially as terrestrial radio operators continue to move to multi-platform delivery of content.

At the same time, Pandora continues to increase its share of all radio listening and controls the market for Internet radio listening by a wide margin. And, as I explained earlier this week on TheStreet, the company is ideally situated to capitalize on the rapidly growing mobile advertising space.

At day's end, Pandora only needs to take a relatively small amount of advertising away from terrestrial radio to deliver formidable revenue. In 2011, radio stations across the United States collected $17.4 billion from advertisers. One percent of that number equals $174 million. Of course, 1 percent is an incredibly conservative estimate. Plus, any numbers derived from the $17.4 billion statistic only take into account advertising revenue Pandora takes from terrestrial radio coffers. Five percent brings that number up to $870 million.

According to Yahoo! Finance, analyst revenue estimates range from $543 and $685.8 million for the Pandora's next fiscal year (2014). For the current fiscal year (2013), analysts covering the company expect anywhere between $399.4 and $432.6 million in sales.

Pandora reports next Wednesday. Because the company would have to knock the snot out of the quarter to maintain the incredible momentum of the last week and month, I am not expecting much more upside. I do anticipate continued revenue growth, including in the important mobile arena. As Pandora continues to gain traction with local and national advertisers (and these buyers migrate some of their money to mobile), we'll start seeing the numbers that will trigger the long-term stock price appreciation I have been talking about.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Janice MeehanThu, 17 May 2012 14:23:15 GMThttp://www.pennypayday.com/street-beat-articles-29/4315-pandora-nyse-p-dominates-los-angeles-radio.aspxAdvance Auto (NYSE: AAP) profit misses as margins shrink, shares fallhttp://www.pennypayday.com/street-beat-articles-29/4314-advance-auto-nyse-aap-profit-misses-as-margins-shrink-shares-fall.aspxShawshank, VA 5/17/12 (StreetBeat) -- U.S. auto parts retail chain Advance Auto Parts Inc (NYSE: AAP) reported a quarterly profit that missed analysts' estimates, as higher supply chain costs hurt margins, sending its shares down 18 percent.

The company, which warned that sales trends in the second quarter remain challenging, said it expects annual comparable store sales to be in the low single digits for 2012. It also kept its full-year profit forecast of $5.55 to $5.75 per share.

Analysts on average were expecting earnings of $5.97 per share, according to Thomson Reuters I/B/E/S.

The company, which sells parts, accessories, batteries and maintenance items, also said it would repurchase $500 million of its stock. The new plan replaces the $300 million share buyback program authorized in August 2011.

Advance Auto Parts' first-quarter net income rose to $133.5 million, or $1.79 per share, from $109.6 million, or $1.35 per share, a year ago.

Sales increased 3.1 percent to $2 billion, helped by a 2.1 percent rise in comparable store sales.

Analysts were expecting earnings of $1.81 per share on sales of $2 billion.

Advance Auto Parts shares fell to a low of $67.22 in early morning trade on Thursday, making it the biggest percentage loser on the New York Stock Exchange.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Andy DufraneThu, 17 May 2012 14:11:45 GMThttp://www.pennypayday.com/street-beat-articles-29/4314-advance-auto-nyse-aap-profit-misses-as-margins-shrink-shares-fall.aspxSears (Nasdaq: SHLD) Plans to Spin Off Part of Canadian Unithttp://www.pennypayday.com/street-beat-articles-29/4313-sears-nasdaq-shld-plans-to-spin-off-part-of-canadian-unit.aspxShawshank, VA 5/17/12 (StreetBeat) -- Sears Holdings (Nasdaq: SHLD) announced on Thursday that it would spin off part of its Canadian unit, a poor performer that has weighed down the struggling retailer.

The move to sell shares in the unit, if approved by regulators, would reduce the holding company’s stake in Sears Canada to 51 percent from 95 percent. Sears indicated that it could further wind down the stake, disclosing in a statement Thursday that “subsequent to the spinoff,” the company could sell “any portion of its remaining interest in Sears Canada.”

The planned spinoff is the latest step in a broader effort by Sears and its chairman, Edward S. Lampert, to raise cash and allay concerns about liquidity problems. The retailer, based in Hoffman Estates, Ill., is seeking to regain its footing through selling some of its most profitable stores.

The Canadian arm of the company, however, is one of the worst performers. In a letter to shareholders earlier this year, Mr. Lampert acknowledged that the unit “experienced very poor results.” Even as the holding company returned to profitability, announcing Thursday first quarter earnings of $189 million, up from a $165 million loss from a year ago, the Canadian unit’s same-store sales declined more than 6 percent.

In the statement, Sears said it “believes that the spin-off will provide investors with a more targeted investment opportunity by having equity in two separate public companies.”

Still, the spinoff marks a curious change in strategy for Mr. Lampert. In 2009, the hedge fund billionaire moved to exert more control over its neighbor to the north, gradually ratcheting up its stake in Sears Canada. The dwindling stake also comes as Target (NYSE: TGT), one of its top competitors, moves into the Canadian market.

The Sears deal is still subject to regulatory approval and the blessing of the Sears Canada directors. If the deal is finalized, Sears plans to continue including the Canadian unit as a subsidiary in its earnings reports.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Andy DufraneThu, 17 May 2012 14:07:05 GMThttp://www.pennypayday.com/street-beat-articles-29/4313-sears-nasdaq-shld-plans-to-spin-off-part-of-canadian-unit.aspxBerkshire Bets Again on Newspapers With Media General (NYSE: MEG) Dealhttp://www.pennypayday.com/street-beat-articles-29/4312-berkshire-bets-again-on-newspapers-with-media-general-nyse-meg-deal.aspxNorthern, WI 5/17/12 (StreetBeat) -- Berkshire Hathaway’s latest deal may have investors wondering: Does Warren E. Buffett want to be a media mogul?

Media General (NYSE: MEG) said on Thursday that it has sold nearly all of its 63 newspaper properties, excluding The Tampa Tribune, to the conglomerate for $142 million in cash.

Berkshire is also providing a $400 million loan and a $45 million line of credit. In exchange, it is getting warrants that are convertible to about 19.9 percent of Media General’s outstanding shares. Berkshire is also getting a seat on the media company’s board.

Shares in Media General skyrocketed 48 percent in early morning trading on Thursday, to $4.50.

It is the second newspaper deal that the Omaha-based giant has struck in the last six months. Last November, Mr. Buffett struck a deal to buy The Omaha World-Herald Company, the publisher of his hometown paper, for a reported $200 million.

Berkshire will fold its new titles, including daily and weekly publications in Virginia, North Carolina, South Carolina and Alabama, into its BH Media Group. The Richmond Times-Dispatch and The Winston-Salem Journal are among the papers being sold.

“In towns and cities where there is a strong sense of community, there is no more important institution than the local paper,” Mr. Buffett said in a statement. “The many locales served by the newspapers we are acquiring fall firmly in this mold and we are delighted they have found a permanent home with Berkshire Hathaway.”

Mr. Buffett had hinted of future newspaper deals at his company’s annual shareholders convention earlier this month, telling investors, “We may buy more.”

The billionaire has long reminisced about being a paper boy in his youth — a newspaper tossing competition featuring both himself and his friend Bill Gates was one of the highlights of the investor meeting — and waxes nostalgic about the decline of newsprint.

And among Berkshire’s older holdings is The Buffalo News of Buffalo, N.Y. and a stake in The Washington Post Company.

Mr. Buffett said at the annual meeting that one of the biggest challenges facing the industry is how to convince customers to pay for news content online, when companies previously gave away the information for free.

“I don’t know of any business plan that has sustained itself that charges in one version and offers the same version free to people,” he said.

But Mr. Buffett also argued that local newspapers can still serve as the hub of their communities. While he won’t learn anything new about Afghanistan from The Omaha World-Herald, he can find out what’s going on in his own backyard.

At the same time, Thursday’s deal will give Mr. Buffett exposure to Media General itself, which is intent on transforming itself into a broadcast and digital media company. Berkshire’s financing — bearing an expensive 10.5 percent initial interest rate — will be used to repay some of Media General’s existing debt.

“We are extremely pleased to enter into a new financing partnership with the highly respected Berkshire Hathaway organization,” Marshall N. Morton, Media General’s chief executive, said in a statement. “Our new credit agreement addresses Media General’s long- term capital needs and provides the company with significant financial and operating flexibility.”

Media General was advised by the Peter J. Solomon Company, while JPMorgan Chase (NYSE: JPM) arranged the financing.

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]]>Steve KanavalThu, 17 May 2012 13:58:43 GMThttp://www.pennypayday.com/street-beat-articles-29/4312-berkshire-bets-again-on-newspapers-with-media-general-nyse-meg-deal.aspxThe Buckle, Inc. (NYSE: BKE) Reports First Quarter Net Incomehttp://www.pennypayday.com/street-beat-articles-29/4311-the-buckle-inc-nyse-bke-reports-first-quarter-net-income.aspxNorthern, WI 5/17/12 (StreetBeat) -- The Buckle, Inc. (NYSE: BKE) announced today that net income for the fiscal quarter ended April 28, 2012 was $37.8 million, or $0.80 per share ($0.79 per share on a diluted basis).

Net sales for the 13-week fiscal quarter ended April 28, 2012 increased 9.9 percent to $263.8 million from net sales of $240.1 million for the prior year 13-week fiscal quarter ended April 30, 2011. Comparable store net sales for the 13-week period ended April 28, 2012 increased 7.4 percent from comparable store net sales for the prior year 13-week period ended April 30, 2011. Online sales (which are not included in comparable store sales) increased 15.1 percent to $19.7 million for the 13-week period ended April 28, 2012, compared to net sales of $17.1 million for the 13-week period ended April 30, 2011.

Net income for the first quarter of fiscal 2012 was $37.8 million, or $0.80 per share ($0.79 per share on a diluted basis), compared with $33.5 million, or $0.72 per share ($0.71 per share on a diluted basis), for the first quarter of fiscal 2011.

Management will hold a conference call at 10:00 a.m. EDT today to discuss first quarter results. To participate in the call, please call (800) 230-1093 and reference the conference code 247249. A replay of the call will be available for a two-week period beginning May 17, 2012 at 12:00 p.m. EDT by calling (800) 475-6701 and entering the conference code 247249.

About Buckle

Offering a unique mix of high-quality, on-trend apparel, accessories, and footwear, Buckle caters to fashion-conscious young men and women. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the Company’s exclusive brand, BKE. Headquartered in Kearney, Nebraska, Buckle currently operates 433 retail stores in 43 states. As of the end of the first quarter, it operated 431 stores in 43 states compared with 422 stores in 41 states at the end of the first quarter of fiscal 2011.

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]]>Steve KanavalThu, 17 May 2012 13:48:47 GMThttp://www.pennypayday.com/street-beat-articles-29/4311-the-buckle-inc-nyse-bke-reports-first-quarter-net-income.aspxBIO-key International (OTCBB: BKYI) Awarded Contract From Province of British Columbiahttp://www.pennypayday.com/street-beat-articles-29/4310-bio-key-international-otcbb-bkyi-awarded-contract-from-province-of-british-columbia.aspxNorthern, WI 5/17/12 (StreetBeat) -- BIO-key International, Inc. (OTCBB:BKYI), a global leader in fingerprint biometric identification solutions and advanced mobile identification technology, today reported that the company has been awarded a $500,000 contract to provide fingerprint biometric technology to Shared Services BC (SSBC), that provides Information Technology (IT) infrastructure support services for the B.C. government and the broader public sector. The first deployment of BIO-key's WEB-key(R) finger identification solution is for the B.C. Department of Corrections. Sierra Systems, the lead technology partner, is implementing BIO-key's custom authentication scheme for CA Technologies' "SiteMinder(R)" to provide identification and secure access to information for inmates processed through the British Columbia criminal justice system.

"Our vision is to provide software solutions that offer best in class performance with unequaled interoperability. The launch of yet another partner project, our first with CA and Sierra, validates BIO-key as the leading fingerprint software developer for high end commercial and government deployments," said Mike DePasquale, CEO. "The unique ability to integrate with every major security platform, including CA SiteMinder and most every fingerprint reader, positions BIO-key as a technology partner that future proves our customers' authentication and identification process."

About BIO-key

BIO-key International, Inc., headquartered in Wall, New Jersey, develops and delivers advanced identification solutions to commercial and government enterprises, integrators, and custom application developers. BIO-key's award winning, high performance, scalable, cost-effective and easy-to-deploy biometric finger identification technology accurately identifies and authenticates users of wireless and enterprise applications. Our solutions are used in local embedded OEM products as well as some of the world's largest identification deployments to improve security, guarantee identity, and help reduce identity theft. BIO-key's technology is offered directly or by market leading partners around the world.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Steve KanavalThu, 17 May 2012 13:41:48 GMThttp://www.pennypayday.com/street-beat-articles-29/4310-bio-key-international-otcbb-bkyi-awarded-contract-from-province-of-british-columbia.aspxDivine Skin (OTCBB: DSKX) Projects Revenues to Reach $15M in 2012http://www.pennypayday.com/street-beat-articles-29/4309-divine-skin-otcbb-dskx-projects-revenues-to-reach-15m-in-2012.aspxAtlanta, GA 5/17/12 (StreetBeat) -- Divine Skin Inc. (OTCBB: DSKX), a leading developer of personal-care products, announced results for its quarter ending March 31, 2012. Net revenue was $1.98 million, compared to $2.25 million in the same quarter of 2011. Gross margin improved significantly, to more than 50 percent or $1.05 million, comparable to last year's quarterly result of $1.10 million. Net loss for the quarter was $428,000, compared to $192,000 for the first quarter of 2011.

Highlights from the first quarter include
• Introduction of API System 9 to physicians
• Two new compounds identified that trigger processes for improved hair growth
• Spectral.F7 study was completed with 15 volunteers showing a significant global improvement in hair counts and density
• A new scalable $1.5 million line of credit
• New distribution by United Natural Foods for the NutraOrigin brand
• Extensive regulatory compliance in preparation for launch in various overseas markets.
• Reformulation of the popular Revita shampoo for superior cosmetic benefits while retaining the well-established therapeutic results.

Divine Skin CEO Daniel Khesin stated, "We are on track to see the kind of explosive growth this year that we have witnessed for last year," he concluded. "In 2012, we are projecting $15 million in revenue. That's more than 50 percent growth over 2011."

"So far this year we have closed new deals for more high-margin products, and we have added several new distribution outlets for all items. Such rapid expansion demands greater marketing and inventory expenditures, but we fully expect these investments to bear fruit in the next few quarters.

Khesin continued, "Our expanding distribution and excellent sell through with existing partners contributes to a robust business with our diverse portfolio of product solutions. Most of the shortfall in first-quarter bookings is mainly due to shipping delays. As our current orders ship, we expect to realize much greater revenue."

About Divine Skin

Divine Skin Inc. leads in the development of biotechnology for topical, nutritional, and pharmaceutical therapies. It markets worldwide through online and specialty retailers, cosmetics wholesalers, salons, and medical offices. The fast-growing company went public in 2009.

DS Laboratories, its flagship brand, offers high-performance topical solutions for a wide range of personal care needs. Bioavailability is enhanced through Nanosome encapsulation (www.dslaboratories.com).

The Sigma Skin brand sells through upscale retailers like Neiman Marcus in the United States and Harvey Nichols in the United Kingdom. The topical products address hair loss and other signs of aging (www.sigmaskin.com).

Polaris Research Laboratories makes high-potency minoxidil-based hair-growth formulas (www.polarisresearchlabs.com).

The Pure Guild offers purity with performance: Botanical compounds proven effective in clinical trials are extracted without industrial solvents or damaging heat and are sold through premium retailers (www.thepureguild.com).

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Bob BenderThu, 17 May 2012 13:35:44 GMThttp://www.pennypayday.com/street-beat-articles-29/4309-divine-skin-otcbb-dskx-projects-revenues-to-reach-15m-in-2012.aspxWal-Mart (NYSE: WMT) posts strong profit as U.S. sales jumphttp://www.pennypayday.com/street-beat-articles-29/4308-wal-mart-nyse-wmt-posts-strong-profit-as-us-sales-jump.aspxAtlanta, GA 5/17/12 (StreetBeat) -- Wal-Mart Stores Inc (NYSE: WMT) posted a better-than-expected quarterly profit on Thursday, including a 2.6 percent rise in sales at its Walmart U.S. division's stores open at least a year, as warm weather and an earlier Easter enticed shoppers to spend.

The world's largest retailer, which was recently rocked by allegations of bribery in Mexico, earned $1.09 per share from continuing operations, compared with a profit of 98 cents a year earlier.

Wal-Mart had forecast earnings per share of $1.01 to $1.06. Analysts, on average, expected it to earn $1.04 per share, according to Thomson Reuters I/B/E/S.

Shares of Wal-Mart jumped 2.8 percent to $60.85 in premarket trading.

Walmart U.S. same-store sales have risen for three straight quarters following nine consecutive quarterly declines. Wal-Mart expected Walmart U.S. same-store sales to be flat to up 2 percent. Analysts, on average, expected them to rise 1.4 percent, according to Thomson Reuters.

For the current second quarter, Wal-Mart expects to earn $1.13 to $1.18 per share from continuing operations. Analysts were looking for a profit of $1.16 per share.

Walmart U.S. same-store sales should rise 1 percent to 3 percent this quarter, Walmart U.S. Chief Executive Bill Simon said on a recorded call.

Walmart was cutting costs and pushing those savings into lowering prices on items such as food to stay ahead of competitors. While that effort drove sales growth during the quarter, it also crimped margins. The gross profit rate at Walmart U.S. was expected to continue to decline as it reduces prices this year, Simon said.

Wal-Mart has been faced with negative comments from shareholders, employees and activists after a New York Times report on April 21 that Wal-Mart de Mexico, or Walmex, allegedly orchestrated bribes of $24 million to help it grow quickly last decade and that Wal-Mart's top brass tried to cover it up.

The company said the bribery investigation was not expected to have a material impact on its business, but said it "can provide no assurance that these matters will not be material to its business in the future."
This year, total company sales were still expected to rise 5 percent to 7 percent, Chief Financial Officer Charles Holley said.

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]]>Bob BenderThu, 17 May 2012 13:16:11 GMThttp://www.pennypayday.com/street-beat-articles-29/4308-wal-mart-nyse-wmt-posts-strong-profit-as-us-sales-jump.aspx3 Things to Know Before Tradinghttp://www.pennypayday.com/street-beat-articles-29/4307-3-things-to-know-before-trading.aspxAtlanta, GA 5/17/12 (StreetBeat) -- Stocks were mostly higher in Asian trade. Shanghai was among the best with a 1.4% gain and the Nikkei rose almost 0.9%. But the Hang Seng fell a third of a percent and Australia closed down a slight fraction. European indexes are generally weak this morning, with the Footsie down one and a half percent and the Dax is lower by one percent; Spain is down 2.3%. US stock futures are down about a quarter percent or so as I write.

*The preliminary reading of Japan’s Q1 GDP was +1.0% on a quarterly basis, one tenth better than the estimate, and was +4.1% on an annualized basis; well above the forecast for +3.5%.

*Spain sold EU2.49 billion medium term debt earlier today; at the higher end of the range volume wise.

*Whatever…customers of Bankia, the nationalized Spanish bank, are said to have withdrawn over EU1 billion, reports El Mundo; but a government spokesman says the report is not accurate, that there has not been a run on the bank. Additionally, Moody’s has warned that it will downgrade the rating of twenty-one Spanish banks later today. By the way, Spain’s 10 Year yield is trading above 6.30% this morning. Quite a contrast to the German Bund, trading at a new low yield of 1.43%, or lower.

*The weekly report on Initial Jobless Claims is due out at 7:30am CDT, it is expected to be 365k. The May reading of the Philly Fed Business Activity Index is due out at 9:00am CDT, it is forecast to be 10.0, up from the April result of 8.5. Also due out at 9:00am is the April reading of the Leading Economic Indicators, which is estimated to be +0.1% on the month.

*The weekly report on inventories of Natural Gas is due out at 9:30am CDT; it is expected to show an increase of 56 bcf.

*The Treasury is set to announce at 10:00am CDT the details for next week’s auctions of 2 Year, 5 Year and 7 Year Notes.

*The Fed is scheduled to buy Treasuries today that are due to mature between 2/15/36 and 5/15/42; the results of the operation will be announced just after 10:00am CDT.

*St. Louis Fed boss Bullard is scheduled to speak again today at 11:35am CDT. (free lunch is hard to pass on.)

*The Treasury plans to sell $13 billion re-opened 10 Year TIPS today; the auction results will be announced just after noon CDT.

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]]>Bob BenderThu, 17 May 2012 13:07:09 GMThttp://www.pennypayday.com/street-beat-articles-29/4307-3-things-to-know-before-trading.aspxShareholders sue JPMorgan Chase (NYSE: JPM) over trading losshttp://www.pennypayday.com/street-beat-articles-29/4306-shareholders-sue-jpmorgan-chase-nyse-jpm-over-trading-loss.aspxAtlanta, GA 5/16/12 (StreetBeat) -- JPMorgan Chase & Co (NYSE: JPM) was the target of two separate lawsuits by shareholders on Wednesday, accusing the bank and its management of excessive risk that led to trading losses of at least $2 billion.

A spokesman for JPMorgan Chase declined to comment on the lawsuits, which were filed in U.S. District Court in Manhattan, days after Chief Executive Jamie Dimon's May 10 statement that a "failed hedging strategy" caused the massive loss over the last month.

"What the Company did not reveal was that those losses were the result of a marked shift in the company's allowable risk model, undisclosed to investors, and the similarly clandestine conversion of a unit within the company that was touted as providing a conservative risk-reduction function into a risky, short-term trading enterprise that exposed the company to large losses instead," said one of the complaints.

It was filed derivatively by California shareholder James Baker on behalf of JPMorgan Chase against Dimon, Chief Financial Officer Douglas Braunstein and board members.

The lawsuit charged the JPMorgan defendants with breach of fiduciary duty, waste of corporate assets and unjust enrichment.

A separate lawsuit was filed at the same time by shareholder Saratoga Advantage Trust financial services portfolio on behalf of owners of common stock.

It said Dimon and Braunstein made "materially false and misleading statements and omissions" on an April 13, 2012 earnings conference call with investors.

"Defendants misrepresented the losses and risk of loss to the company arising from massive bets on derivative contracts related to credit indexes reflecting interest rates on corporate bonds," the complaint said. "These derivative bets went horribly wrong, resulting in billions of dollars in lost capital for the company and billions more in lost market capitalization for JPMorgan shareholders."

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]]>Bob BenderWed, 16 May 2012 14:53:47 GMThttp://www.pennypayday.com/street-beat-articles-29/4306-shareholders-sue-jpmorgan-chase-nyse-jpm-over-trading-loss.aspxCleantech (Nasdaq: CLNT) posts weak results, shares fallhttp://www.pennypayday.com/street-beat-articles-29/4305-cleantech-nasdaq-clnt-posts-weak-results-shares-fall.aspxAtlanta, GA 5/16/12 (StreetBeat) -- Cleantech Solutions International Inc (Nasdaq: CLNT), which makes metal components for the clean energy industry, posted a steep fall in its first-quarter profit on weak demand and lower selling prices, sending its shares down 24 percent on Wednesday.

The China-based company's net income for the quarter fell about 89 percent to $0.3 million, or 12 cents per share, from $2.7 million, or $1.04 per share, last year.

Excluding items, Cleantech earned 21 cents a share.

Revenue nearly halved to $9.4 million.

Shares of the company, which have fallen about 87 percent in the last one year, were trading down 10 percent at $3.58 on Wednesday on the Nasdaq.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Bob BenderWed, 16 May 2012 14:44:16 GMThttp://www.pennypayday.com/street-beat-articles-29/4305-cleantech-nasdaq-clnt-posts-weak-results-shares-fall.aspxWednesday’s biggest gaining and declining stockshttp://www.pennypayday.com/street-beat-articles-29/4304-wednesdays-biggest-gaining-and-declining-stocks.aspxPalm Beach, FL 5/16/12 (StreetBeat) -- The following stocks are making sizable moves in the U.S. stock market Wednesday:

Gainers

Abiomed (Nasdaq: ABMD +4.84%) rose 5% after the medical devices company swung into the black in its fiscal fourth quarter on brisk sales of the Impella temporary heart pump. The company noted it was “the best quarter and year in company history, in terms of number of patients supported, revenue growth, and profitability.”

OraSure Technologies shares (Nasdaq: OSUR +24.40%) rose 31%. The company said early Wednesday that a Food and Drug Administration advisory panel has recommended approval for OraQuick, its in-home test for the HIV virus. The company said it would be the first such HIV test available in the U.S.

Sina Corp.’s (Nasdaq: SINA +13.62%) U.S. shares jumped 12%. The Chinese Internet firm reported late Tuesday a first-quarter loss, but it was shallower than analysts had expected.

Decliners

J.C. Penney Co. (NYSE: JCP -14.62%) shares fell 13%. Late Tuesday, the company reported a first-quarter loss as management issued an update on the retailer’s reorganizing plans. The company also suspended its dividend.

Abercrombie & Fitch (NYSE: ANF -11.84%) shares retreated 12%. The company posted a sharp drop in first-quarter earnings as the same-store sales declined amid weak European sales.

Staples (Nasdaq: SPLS -5.56%) was off 6% after it reported a slump in profit and revenue in the first quarter and said that its international business remains soft.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Ashley MontgomeryWed, 16 May 2012 14:35:49 GMThttp://www.pennypayday.com/street-beat-articles-29/4304-wednesdays-biggest-gaining-and-declining-stocks.aspxCiti Trends (Nasdaq: CTRN) Announces First Quarter 2012 Resultshttp://www.pennypayday.com/street-beat-articles-29/4303-citi-trends-nasdaq-ctrn-announces-first-quarter-2012-results.aspxPalm Beach, FL 5/16/12 (StreetBeat) -- Citi Trends, Inc. (NASDAQ: CTRN) today reported results for the first quarter of fiscal 2012.

Financial Highlights – First quarter ended April 28, 2012

Total sales in the first quarter ended April 28, 2012 increased 4.5% to $197.7 million compared with $189.2 million in the first quarter ended April 30, 2011. Comparable store sales decreased 5.0% in the first quarter. Net income was $10.1 million, or $0.69 per diluted share, in the first quarter of 2012, compared with $12.1 million, or $0.83 per diluted share, in last year’s first quarter.

The Company opened two stores, relocated one store, and closed two stores in the first quarter of 2012, resulting in a total store count of 511 at the end of the quarter.

Investor Conference Call and Webcast

Citi Trends will host a conference call today at 9:00 a.m. ET. The number to call for the live interactive teleconference is (212) 231-2906. A replay of the conference call will be available until May 23, 2012, by dialing (402) 977-9140 and entering the passcode, 21575848. The live broadcast of Citi Trends' quarterly conference call will be available online at the Company's website,www.cititrends.com, as well as http://ir.cititrends.com/events.cfm, beginning today at 9:00 a.m. ET. The online replay will follow shortly after the call and continue through May 23, 2012.

During the conference call, the Company may discuss and answer questions concerning business and financial developments and trends after quarter-end. The Company’s responses to questions, as well as other matters discussed during the conference call, may contain or constitute information that has not been disclosed previously.

About Citi Trends

Citi Trends, Inc. is a value-priced retailer of urban fashion apparel and accessories for the entire family. The Company operates 511 stores located in 29 states. Citi Trends’ website address iswww.cititrends.com. CTRN-E

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Ashley MontgomeryWed, 16 May 2012 14:21:15 GMThttp://www.pennypayday.com/street-beat-articles-29/4303-citi-trends-nasdaq-ctrn-announces-first-quarter-2012-results.aspxAmbow Education (NYSE: AMBO) further delays annual reporthttp://www.pennypayday.com/street-beat-articles-29/4302-ambow-education-nyse-ambo-further-delays-annual-report.aspxShawshank, VA 5/16/12 (StreetBeat) -- Ambow Education Holding Ltd (NYSE: AMBO) further delayed the filing of its annual report, saying it has identified several adjustments to be made to its 2011 results.

The adjustments include changes to its revenue recognition methods, bad debt provisions, taxes and a potential charge from a prior acquisition, the Chinese education company said.

Earlier this month, Ambow said it expects to file its 2011 annual report by May 15, after missing the April 30 deadline.

But on Wednesday, the company said it requires additional time to complete the audit of its statements and that it expects to file the report with the SEC within one month.

Its shares fell 10 percent to $5.06 - their lowest in nine months - on the New York Stock Exchange.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Andy DufraneWed, 16 May 2012 14:15:10 GMThttp://www.pennypayday.com/street-beat-articles-29/4302-ambow-education-nyse-ambo-further-delays-annual-report.aspxOraSure (Nasdaq: OSUR) In-Home HIV Test Kit Moves Closer to FDA Approvalhttp://www.pennypayday.com/street-beat-articles-29/4301-orasure-nasdaq-osur-in-home-hiv-test-kit-moves-closer-to-fda-approval.aspxShawshank, VA 5/16/12 (StreetBeat) -- OraSure Technologies Inc. (Nasdaq: OSUR) soared 32 percent in early trading after U.S. regulatory advisers backed its bid to bring to market the first at-home HIV test that lets people get results without using a doctor or laboratory.

The company rose to $12.03 at 7:53 a.m. New York time following a unanimous Food and Drug Administration advisory panel vote yesterday that the benefits of the saliva test outweigh the risks of false negative results. The FDA should make a final decision on approval within months, Stephen Lee, OraSure’s chief science officer, said.

The OraQuick In-Home HIV Test offers results within 20 minutes and would be sold without a prescription. FDA staff had raised concern in a report May 11 that a high number of people with HIV would test negative using the Bethlehem, Pennsylvania- based company’s kit. Approval would make it more likely the company may be bought, said Caroline Corner, a senior analyst with McNicoll, Lewis & Vlak in New York.

“We believe OraSure would make an interesting acquisition for a major diagnostics company, such as Roche, Abbott, or J&J interested in the ongoing trend toward rapid and/or oral fluid testing as standard-of care diagnostic modalities for certain diagnostic tests,” Corner said in a note to clients this morning.

Spokespeople at New Brunswick, New Jersey-based Johnson & Johnson (NYSE: JNJ), Abbott Park, Illinois-based Abbott Laboratories (NYSE: ABT) and Basel, Switzerland-based Roche Holding AG (NYSE: ROG) didn’t immediately respond to telephone calls for comment on the analyst’s speculation.

The FDA doesn’t have to follow the panel’s recommendation.

Benefit Outweighs

FDA panel members said the benefit of testing people who otherwise wouldn’t know their status outweighed the potential some users with HIV may test negative.

“We’re putting a statement forward as a committee that we support this as a new platform, a new strategy to combat this disease,” Steven Pipe, a panel member and associate professor of pediatrics and pathology at the University of Michigan, said at the meeting of advisers in Gaithersburg, Maryland.

Pipe said he is surprised that 250,000 people at risk of HIV still aren’t tested. The OraSure device may help put a dent in that number, making the benefit of the test outweigh the risk of an inaccurate result, he said.

About 1.2 million people in the U.S. have HIV, the virus that causes AIDS, and 20 percent of those people are unaware they are infected, according to the Centers for Disease Control and Prevention.

False Negatives

OraSure markets the only FDA-approved rapid HIV test that detects HIV antibodies in oral fluid and provides results in a clinic or doctor’s office. The over-the-counter version under FDA review is the same as the one on the market. Other at-home kits, such as Home Access Health Corp.’s Express HIV Test System, require users to send blood samples to a laboratory.

Final-phase trials of the OraQuick home test confirmed 5,384 of 5,385 negative users resulting in one false positive, according to the FDA staff report. It also detected 106 of 114 confirmed positive users resulting in eight false negatives.

The one used by professionals that is on the market is 99 percent accurate at detecting those with HIV compared with a 93 percent accuracy rate for those with HIV who would test at home.

“We shouldn’t let the perfect be the enemy of the good and this is an additional option,” Francisco Rentas, a panel member and director of the Armed Services Blood Program in Falls Church, Virginia, said during the meeting.

Public Health Value

OraQuick would produce one false negative result for every 13 true positive tests, FDA staff said. That would total an estimated 3,800 people annually with HIV who believe they don’t have the virus, according to the report. The test would produce one false positive result for every 3,750 true negative tests resulting in 1,100 people a year who aren’t infected believing they are, according to the report.

The false negatives reported were higher than what the FDA considers a “minimum acceptable performance” while the false positives were lower than the agency’s acceptable threshold.

Almost 30 people who spoke during the meeting in favor of the product said expanding testing to people who might not otherwise know their status is worth the risk of the false negatives.

“It is essential that we bring more tests to market,” said Frank Oldham, president and chief executive officer of the National Association of People with AIDS, based in Silver Spring,Maryland. “We need more weapons to reduce HIV infections. We need tests that can be easily taken and are easily available.”

Panel members suggest OraSure update the test’s labeling to ensure people understand the risk of false negatives.

“We will work with the FDA to incorporate the suggestions,” Douglas Michels, OraSure president and chief executive officer, said in an interview after the meeting.

More than 16,000 people with AIDS were estimated to have died in 2008, the CDC said. About 50,000 new U.S. cases are reported annually, according to the CDC.

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]]>Andy DufraneWed, 16 May 2012 14:09:15 GMThttp://www.pennypayday.com/street-beat-articles-29/4301-orasure-nasdaq-osur-in-home-hiv-test-kit-moves-closer-to-fda-approval.aspxRosetta Genomics (Nasdaq: ROSG) Achieves Major Commercial Milestonehttp://www.pennypayday.com/street-beat-articles-29/4300-rosetta-genomics-nasdaq-rosg-achieves-major-commercial-milestone.aspxOrlando, FL 5/16/12 (StreetBeat) -- Rosetta Genomics Ltd. (Nasdaq: ROSG), a leading developer and provider of microRNA-based molecular diagnostic tests, today announced that Novitas, the designated Medicare Administrative Contractor for the Company's miRview® mets² assay, has informed Rosetta that it plans to cover this assay for all Medicare beneficiaries. MiRview® mets² accurately identifies the primary tumor of origin in primary and metastatic cancer including Cancer of Unknown or Uncertain Primary ("CUP").

"This is a major commercial achievement for Rosetta Genomics asMedicare coverage is a critical step toward widespread commercial adoption and payment for our lead diagnostic assay, miRview® mets², and enables access to this clinically valuable test to Medicare patients. This decision is important not only because Medicare is the largest U.S. payor, covering a large percentage of the patients for whom miRview® mets² has been ordered historically and would be expected to be ordered in the future, but also because private payors often look to Medicare's decisions when setting their own reimbursement policies," noted Kenneth A. Berlin, President and Chief Executive Officer of Rosetta Genomics. "We are particularly pleased with how rapidly we obtained Medicare coverage, as we launched our direct selling effort in the U.S. just one year ago.

"The decision by Novitas to cover the miRview® mets² assay reflects the clinical importance of determining the tumor origin in hard-to-diagnose metastatic cancers and CUP. This is particularly important as new, targeted cancer treatments are developed for site-specific cancers. We believe that the miRview® mets² assay is an important tool that can improve the ability of physicians to accurately diagnose CUP in order to optimize treatment plans," added Mr. Berlin.

The policy will cover the 45 million Medicare beneficiaries and will enable Rosetta to provide the miRview® mets2 assay for Medicare beneficiaries throughout the U.S. at no cost to the patient, thereby eliminating an adoption barrier for the physician ordering the test and for the patient. Novitas' decision is based on the extensive body of clinical data published in peer-reviewed journals from clinical studies conducted internally as well as at leading institutions. Once the Novitas decision is finalized with respect to reimbursement level, we will focus our efforts on obtaining appropriate coverage and reimbursement from commercial payors.

"This coverage decision will allow all appropriate Medicare patients access to the miRview® mets² assay and further recognizes the value that our assays are delivering to physicians, payors and patients. We look forward to continuing our dialogue with Novitas, and to their final decision on reimbursement level within the coming weeks," concluded Mr. Berlin.

About miRview® Products
miRview® are a series of microRNA-based diagnostic products offered by Rosetta Genomics. miRview® mets and miRview® mets² accurately identify the primary tumor type in primary and metastatic cancer including Cancer of Unknown Primary (CUP). miRview® squamous accurately identifies the squamous subtype of non-small cell lung cancer, which carries an increased risk of severe or fatal internal bleeding and poor response to treatment for certain therapies. miRview® meso diagnoses mesothelioma, a cancer connected to asbestos exposure. miRview® lung accurately identifies the four main subtypes of lung cancer using small amounts of tumor cells. miRview® kidney accurately classifies the four most common kidney tumors: Clear Cell Renal Cell Carcinoma (RCC), Papillary RCC, Chromophobe RCC and Oncocytoma. miRview® tests are designed to provide objective diagnostic data; it is the treating physician's responsibility to diagnose and administer the appropriate treatment. In the U.S. alone, Rosetta Genomics estimates that 200,000 patients a year may benefit from the miRview® mets and miRview® mets² test, 60,000 from miRview® squamous, 60,000 from miRview® meso, 54,000 from miRview® kidney and more than 1 million patients worldwide from miRview® lung. The Company's tests are offered directly by Rosetta Genomics in the U.S., and through distributors around the globe. For more information, please visitwww.mirviewdx.com. Parties interested in ordering the test can contact Rosetta Genomics at (215) 382-9000 ext. 309.

About Rosetta Genomics
Rosetta Genomics develops and commercializes a full range of microRNA-based molecular diagnostics. Founded in 2000, the Company's integrative research platform combining bioinformatics and state-of-the-art laboratory processes has led to the discovery of hundreds of biologically validated novel human microRNAs. Building on its strong patent position and proprietary platform technologies, Rosetta Genomics is working on the application of these technologies in the development and commercialization of a full range of microRNA-based diagnostic tools. The Company's miRview® product line is commercially available through its Philadelphia-based CAP-accredited, CLIA-certified lab. To learn more, please visitwww.rosettagenomics.com.

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]]>Janice MeehanWed, 16 May 2012 13:59:53 GMThttp://www.pennypayday.com/street-beat-articles-29/4300-rosetta-genomics-nasdaq-rosg-achieves-major-commercial-milestone.aspxFacebook boosts IPO size by 25 percent, could top $16 billionhttp://www.pennypayday.com/street-beat-articles-29/4299-facebook-boosts-ipo-size-by-25-percent-could-top-16-billion.aspxOrlando, FL 5/16/12 (StreetBeat) -- Facebook Inc increased the size of its initial public offering by almost 25 percent, and could raise as much as $16 billion as strong investor demand for a share of the No.1 social network trumps debate about its long-term potential to make money.

Facebook, founded eight years ago by Mark Zuckerberg in a Harvard dorm room, said on Wednesday it will add about 84 million shares to its IPO, floating about 421 million shares in an offering expected to be priced on Thursday.

The additional shares will be sold by early investors including PayPal co-founder Peter Thiel, Accel Partners' James Breyer and investment manager Tiger Global Management, the company said in a filing.

The company itself has not increased the number of shares it will sell.

Zuckerberg's voting power will be reduced to about 55.8 percent from about 57.3 percent after the IPO as a result of the issue of additional shares, the company said.

The expanded size, coupled with Facebook's recently announced plans to raise the IPO price range, would make Facebook the third-largest initial share sale in U.S. history after Visa Inc and General Motors.

The social networking company is drumming up massive demand for the offering even as slowing revenue and user growth spur questions about the long-term Facebook story.

Those concerns over revenue growth were underscored on Tuesday, when GM said it planned to pull out of advertising on Facebook.

"This is much more a spectacle, a media event and a cultural moment than it is an IPO," said Max Wolff, an analyst at GreenCrest Capital. "This is not a game of models and fundamentals at this point."

GM's announcement, while ill-timed for Facebook, should not seriously hurt the IPO's reception for now as it may not be representative of advertisers' overall attitude, said Brian Wieser, an analyst with Pivotal Research Group.

"The demand for the IPO probably won't be affected materially by this," he said, adding, however, there were probably a lot of calls between underwriters and investors following GM's announcement.

The IPO, Silicon Valley's largest, eclipses the roughly $2 billion debut by Google Inc in 2004.

Facebook raised the target price range to $34-$38 per share in response to strong demand, from $28-$35, according to a Tuesday filing. That would value the company at $93-$104 billion, rivaling the market value of Internet powerhouses such as Amazon.com Inc, and exceeding that of Hewlett-Packard Co and Dell Inc combined.

The increased price range made it very unlikely that Facebook shares would double on their trading debut as they might have if the company had come out at the low end of its initial price range, Wolff said. He expects a first-day gain of about 10 percent.

"No rational person thought they were buying the stock for $28," said Wedbush Securities analyst Michael Patcher, noting Facebook had traded as high as $44 in the secondary markets in recent months.

Facebook said in Tuesday's filing that it arrived at the higher IPO price range after one week of marketing the offering - part of a cross-country roadshow in which CEO Zuckerberg has taken the stage to lay out his vision for the company's money-making potential and its top priorities.

The price range hike, coupled with strong results from internet and social media players Groupon Inc and China's Renren Inc, contributed to a dotcom rally on Wall Street on Tuesday. Shares of Pandora Media Inc rose 10.3 percent, Zynga Inc was up 7.7 percent, Groupon climbed 3.7 percent and Renren gained 6.4 percent.

LONG-TERM GROWTH

Before the IPO size was increased, Facebook would have raised about $12.1 billion based on the midpoint price of $36 and the 337.4 million shares on offer originally.

At this midpoint, Facebook would be valued at roughly 27 times its 2011 revenue, or 99 times earnings. Google went public at a valuation of $23 billion, or 16 times its trailing revenue and 218 times earnings. Apple Inc went public in 1980 at a valuation of 25 times its revenue and 102 times earnings.

Facebook's IPO comes as some investors worry the company has not yet figured out a way to make money from a growing number of users who access the social network on mobile devices such as smartphones. Meanwhile, revenue growth from Facebook's online advertising business, which accounts for the bulk of its revenue, has slowed in recent months.

With some 900 million users, it had $1 billion in net income on revenue of $3.7 billion in 2011.

The company has also extended the time frame for its $1 billion acquisition of mobile app maker Instagram, projecting the deal would close this year instead of the second quarter as it previously indicated.

It provided no reasons, though a source familiar with the matter told Reuters last week that the U.S. Federal Trade Commission has reached out to Google and Twitter as part of the agency's standard review for deals of that size.

Facebook is scheduled to begin trading on the Nasdaq on Friday. A host of Wall Street banks are underwriting the offering, with Morgan Stanley, JPMorgan and Goldman Sachs serving as leads.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Janice MeehanWed, 16 May 2012 13:51:14 GMThttp://www.pennypayday.com/street-beat-articles-29/4299-facebook-boosts-ipo-size-by-25-percent-could-top-16-billion.aspxInnovative Food Holdings (OTCBB: IVFH) Record First Quarter 2012 Revenueshttp://www.pennypayday.com/street-beat-articles-29/4298-innovative-food-holdings-otcbb-ivfh-record-first-quarter-2012-revenues.aspxOrlando, FL 5/16/12 (StreetBeat) -- Innovative Food Holdings, Inc. (OTCBB: IVFH), a marketer and purveyor of over 5,000 high quality gourmet food products throughout the United States to professional chefs and to the gourmet consumer market, announced today its 2012 first quarter results.

Net revenues were a record $3,285,307 for the quarter ended March 31, 2012, an approximate 33% increase compared to net revenues of $2,471,530 for the first quarter of 2011.

The month of March 2012 represented the 32nd consecutive month of record month over month revenues.

During the first quarter the Company focused on aggressively expanding its market share through the launch of several new product lines. Furthermore, through its Gourmet Foodservice Group, Inc. subsidiary, the Company began to significantly expand the activities of its b2b warehoused foodservice and retail offerings, with several foodservice distributers placing wholesale orders in the quarter. Gourmet Foodservice Group, Inc. offers a rapidly expanding line of specialty gourmet foodservice and retail products targeted to the b2b space. Furthermore, Gourmet Foodservice expanded its gluten free b2b offerings in the quarter including signing an agreement with Schar to be one of two exclusive foodservice providers of Schar Gluten Free Products.

In addition, during the quarter, the Company also completed a proxy solicitation and shareholder vote and held its 2011 annual shareholders meeting. The Company's focus in the quarter of increasing its market share, launching new into markets and in improving its corporate structure had the effect of increasing expenses through an increase in cost of goods sold as well as an increase in SG&A expenses.

Sam Klepfish, CEO, noted, "We are extremely pleased with the outstanding revenue growth in the first quarter. We did report an increase in expenses in the quarter as the Company made key investments in several areas to further position Innovative Food Holdings for future growth opportunities. During the quarter we believe we made significant progress in regards to several of those specific growth opportunities and we believe that many of those opportunities will come to fruition in 2012. We thank our loyal shareholders for their support and look forward to growing shareholder value in 2012 and beyond."

About Innovative Food Holdings

Innovative Food Holdings, Inc., through its wholly owned subsidiaries, is in the business of marketing and selling high quality gourmet food.

About Food Innovations

Food Innovations, Inc., in partnership with one of the largest Foodservice distributors in the United States, provides over 5,000 of the highest quality gourmet food products to professional chefs throughout the United States. To learn more, visit the Food Innovations website atwww.foodinno.com. Food Innovations is a wholly owned subsidiary of Innovative Food Holdings, Inc.

About For The Gourmet, Inc.

Through its website, and through additional sales channels, For The Gourmet, Inc. provides the highest quality gourmet food products to the retail consumer market under the For The Gourmet line at www.forthegourmet.com. To learn more visit the For The Gourmet website athttp://www.forthegourmet.com/. For The Gourmet, Inc. is a wholly owned subsidiary of Innovative Food Holdings, Inc.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Janice MeehanWed, 16 May 2012 13:44:31 GMThttp://www.pennypayday.com/street-beat-articles-29/4298-innovative-food-holdings-otcbb-ivfh-record-first-quarter-2012-revenues.aspxTurkPower (OTCBB: TRKP) Acquires a Coal Field with 100M Metric Tons of Coking Coalhttp://www.pennypayday.com/street-beat-articles-29/4297-turkpower-otcbb-trkp-acquires-a-coal-field-with-100m-metric-tons-of-coking-coal.aspxNorthern, WI 5/16/12 (StreetBeat) -- TurkPower Corporation (OTCBB:TRKP) (the "Company"), which previously announced that it is changing its name to SibMet Coal Corporation, announced today that its wholly owned subsidiary, Sibcoal Mining Corporation, has acquired 100% share of a 49-year lease to develop, operate and mine the Zavyalov Square Part 1 ("Zavyalov") of the Toguchina Coal Field.

Zavyalov is an open pit mine with over 100M metric tons of forecasted extractable quantity of high-grade hard coking coal. Coal at Zavyalov is typically humic with relative low moisture (max 6%), volatile matters (avg. 20%) and GCV of 7990 – 8680 Kcal/kg. The grades of coal are K, KO, KC, GZh, which are fit for processing into metallurgical coking coal and which trades at a high premium to "regular" coal such as thermal coal.

Zavyalov is 5km from the West Siberian Rail Road and in close proximity of the Kemerovo Region of Russia, also known as the Kuzbass Region, which accounts for 80% of Russia's total coal production. Coal exports from the Kuzbass Region are the 5th largest in the world. The mining area is fully explored and well surveyed for coal deposits.

TurkPower's Chairman and CEO Ryan E. Hart commented: "This is a great day and milestone for the Company and its investors. With the purchase of Zavyalov, TurkPower takes its first step towards becoming a producing and profitable mining company. The Company's mining consultants expect the Zavyalov mine to produce up to 1M metric tons of high-grade coking coal in 2013, and between 2 – 2.5M metric tons in 2014 and after."

About TurkPower Corporation

TurkPower Corporation, which is changing it's name to SibMet Coal Corporation, in order to reflect its main business, is an American junior mining company that has established two wholly owned subsidiaries – Sibcoal Commodities Trading Corp. and Sibcoal Mining Corp. Both subsidiaries are BVI companies. Sibcoal Commodities Trading shall focus on sales and marketing of metallurgical coking coal and Sibcoal Mining was established to acquire and develop mining interest, specifically and initially Zavyalov Square of the Toguchina Coal Field. TurkPower also owns a minority interest in an operational iron ore mine in Turkey. TurkPower is currently in the process of evaluating its options and defining its strategy regarding its asset in Turkey, which will include protecting its shareholders interest in said mine.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Steve KanavalWed, 16 May 2012 13:35:11 GMThttp://www.pennypayday.com/street-beat-articles-29/4297-turkpower-otcbb-trkp-acquires-a-coal-field-with-100m-metric-tons-of-coking-coal.aspxDeere (NYSE: DE) fiscal 2Q profit rises, beats expectationshttp://www.pennypayday.com/street-beat-articles-29/4296-deere-nyse-de-fiscal-2q-profit-rises-beats-expectations.aspxNorthern, WI 5/16/12 (StreetBeat) -- Deere (NYSE: DE) posted a 17 percent spike in profits for the second quarter Wednesday and boosted its outlook for the year, predicting record-high global demand for farm equipment.

The company beat Wall Street expectations on net income and revenue, posting a profit of $1.06 billion, or $2.61 per share, up from $904 million, or $2.12 per share, in the same quarter last year.

Revenue jumped 12 percent to $10 billion, from $8.9 billion, as global net equipment sales increased 13 percent to $9.41 billion.

"Our results are a reflection of positive conditions in the global farm economy, which is continuing to show impressive strength and endurance," Samuel Allen, the company's chairman and chief executive, said in a statement.

Last week, the U.S. Agriculture Department predicted this year's corn production will hit a record 14.8 billion bushels. And corn exports between September and August 2013 are expected to hit 1.9 billion bushels, with demand rising from China.

China became the top market for U.S. agricultural goods last year, purchasing $20 billion in U.S. agricultural exports.

And the unprecedented crop production is showing up in Deere's numbers.

Equipment sales in the U.S. and Canada rose 18 percent, while overseas sales increased 6 percent.

Global sales of agricultural and turf equipment rose 11 percent to $7.74 billion, and construction and forestry equipment sales jumped 26 percent to $1.67 billion. Deere said both businesses got a boost from higher shipment volumes and pricing improvements.

The strong earnings arrive even as unfavorable exchange rates reduced international sales growth by four percentage points.

Financial services revenue rose 3.9 percent to $109.2 million, as the company's credit portfolio improved.

Deere & Co., based in Moline, Ill., said that it still expects equipment sales to increase about 15 percent this year and raised its full-year profit prediction to about $3.35 billion. Deere previously predicted a profit of $3.28 billion.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Steve KanavalWed, 16 May 2012 13:11:32 GMThttp://www.pennypayday.com/street-beat-articles-29/4296-deere-nyse-de-fiscal-2q-profit-rises-beats-expectations.aspx3 Things to Know Before Tradinghttp://www.pennypayday.com/street-beat-articles-29/4295-3-things-to-know-before-trading.aspxNorthern, WI 5/16/12 (StreetBeat) -- Stocks were weak in Asian trade. The Hang Seng was among the worst with a 3.2% decline, Australia lost 2.3%, Shanghai fell 1.2% and the Nikkei was down 1.1%. European indexes are mixed, but the Dax and Footsie are both down about two thirds of a percent. US stock futures are up about a quarter percent as I write.

*The March reading of Japanese Machine Orders were down 2.8% on a month on month basis; a smaller decline than expected.

*The March reading of Japan’s Tertiary Industry Index was down 0.6%, a bit worse than the forecast for a 0.4% drop.

*Greece has scheduled its do-over election for June 17.

*The May reading of Switzerland’s ZEW Survey of Expectations of Economic Growth was down six points from the month before to -4.0, according to Credit Suisse.

*The March reading of the UK Unemployment Rate was down one tenth to 8.2%; a rise of one tenth had been forecast. The net change in April jobless claims was -13.7k, a rise of 5k was expected.

*The Bank of England reduced its forecast for growth in the UK for this year by two tenths to +0.8%, but they also think inflation will be higher than they had hoped, now 3.5%, which is well above their target of 2.0%, according to their quarterly inflation report.

*US mortgage applications were up 9.2% in the week ended May 11, according to the Mortgage Bankers Association. The Refi component was up 13.0%, but applications for Purchase were down 2.4%.

*The April reading of Housing Starts is due out at 7:30am CDT. Starts are expected to be 685k units at an annualized rate, or up 4.7% from the month before. The estimate for Building Permits is 730k units annualized, or down 4.5% on the month. The April reading of Industrial Production and Capacity Utilization are both due to be released at 8:15am CDT. Production was forecast to be +0.6% month on month and Utilization was expected to be 79.0%, up four tenths from the month before.

*The Mortgage Bankers Association is expected to come out with some quarterly data on delinquencies and foreclosures at 9:00am CDT.

*The weekly report on energy inventories is due out at 9:30am CDT. Stocks of Crude Oil are forecast to increase 1.75 million barrels, Gasoline inventories are expected to decline 100k and the estimate for Distillates is +150k.

*St. Louis Fed boss Bullard is scheduled to speak on the economy at 11:30am CDT.

*The Fed is set to release at 1:00pm CDT the minutes from their April FOMC meeting.

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]]>Steve KanavalWed, 16 May 2012 13:02:01 GMThttp://www.pennypayday.com/street-beat-articles-29/4295-3-things-to-know-before-trading.aspxShort-, Medium- & Long Term Technicals For Gold & Silverhttp://www.pennypayday.com/street-beat-articles-29/4294-short-medium-long-term-technicals-for-gold-silver.aspxWe now have a Bullish Extreme in the USD. Over the last 5 years, Bullish extremes have been very good indicators that a top was within a hand's reach.

Chart courtesy sentimentrader.com

On top of the Bullish extreme in the USD, we also have a Bearish Extreme in Gold sentiment. Bearish extremes have been good indicators that a bottom was near.

Chart courtesy sentimentrader.com

Silver Sentiment is also very depressed at the moment, with only 29.70% bullishness. However, sentiment hasn't pierced the "standard deviation bands" yet, and thus has more downside potential...
Chart courtesy sentimentrader.com

All this Dollar-bullishness/Gold-Bearishness has caused mining companies to sell off BIG TIME.Some of them are now 75-80% below their top, and when you look at their charts, it looks like the world is coming to an end for those companies.That being said, the BPGDM index from stockcharts, which shows the % of mining stocks that have a BUY signal on the Point&Figure chart, is very depressed at 10.71% at the moment. In late 2008, this index reached 0% for a very short time. Funny to see that that time, the mining stocks had set a higher low. The HUI index has now dropped below the 50% Fibonacci Retracement level from the bottom of 2008 to the top of 2011, so the next target would be the 38.20% level, which comes in slightly below 350. My expectations are that we might get close to this level over the next couple of days, followed by a very sharp rebound (possibly as high as 450, which is the 61.80% level). What happens then is still unknown, but as I pointed out, the severe underperformance of the HUI stocks to Gold is very similar to 2008, which means that the decline might not be over yet, even though a sharp bounce is overdue now with the extreme bearishness...
Chart courtesy stockcharts.com

Let's have a look at the weekly charts. Gold is ready to set a tripple bottom. However, if that attempt fails, look out below (especially below $1,450). The MACD has just turned negative, which doesn't look well...
Chart courtesy stockcharts.com

When we have a look at the following chart, which is a weekly chart from 1980, we can notice a similar pattern:
Chart courtesy stockcharts.com

When the MACD just turned negative in 1980, Gold was trading above $500 per ounce. It fell all the way to $300 in the next 1.5 years or so.

Chart courtesy stockcharts.com

Silver is also at a critical point right now. If this level holds, then we have a tripple bottom. If not, look out below...

Chart courtesy stockcharts.com

Now over to the monthly charts:Gold's MACD is extremely stretched, and we have negative divergence between price and RSI. Since this is on a monthly basis, this is not a good sign for the future.
Chart courtesy stockcharts.com

Silver's MACD looks set to drop lower (potentially much lower). First support comes in around $19-$20:
Chart courtesy stockcharts.com

The Quarterly chart for silver shows an extremely stretched MACD, and an RSI that is still hovering around overbought levels:

Chart courtesy stockcharts.com

The situation is even worse for Gold:

Chart courtesy stockcharts.com

When we finally look at the Yearly chart, we can see that Silver has set a bearish reversal candle last year, which we have commented on late last year. On top of that, the yearly RSI is still OVERBOUGHT!
Chart courtesy stockcharts.com

Last but not least, the comparison between Silver Now and the Nasdaq is still very accurate:
Chart courtesy stockcharts.com (Nasdaq Bubble)

Chart courtesy stockcharts.com (Silver "Bubble"?)

An overlay of the two charts speaks more than a thousand words:

For those of you who want to call me an "idiot" who doesn't look at fundamentals, Martin Armstrong wrote in his latest report:"Fundamentals really mean little. The whole fiat reasoning means nothing since gold declined for 19 years from 1980 when it was still fiat. The same is true in stocks when the price can decline on good news and it is explained by saying the market was expecting results “better” than that. Markets trade technically because they are influenced truly by everything. Each market is interlinked to everything else so it becomes a delicate dance of comparison and capital flows like water to the lowest cost for the greatest gain. Focusing upon just one market exclusively ensures failure."

For more articles, analyses and trading updates, visit www.profitimes.comI have decided to only accept new subscribers until June 30th. From then on my services will be open to existing subscribers ONLY. To secure your membership now, visit www.profitimes.com and subscribe now!

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]]>Andy DufraneWed, 16 May 2012 09:25:20 GMThttp://www.pennypayday.com/street-beat-articles-29/4294-short-medium-long-term-technicals-for-gold-silver.aspxShort-, Medium- & Long Term Technicals For Gold & Silverhttp://www.pennypayday.com/street-beat-articles-29/4293-short-medium-long-term-technicals-for-gold-silver.aspxWe now have a Bullish Extreme in the USD. Over the last 5 years, Bullish extremes have been very good indicators that a top was within a hand's reach.

Chart courtesy sentimentrader.com

On top of the Bullish extreme in the USD, we also have a Bearish Extreme in Gold sentiment. Bearish extremes have been good indicators that a bottom was near.

Chart courtesy sentimentrader.com

Silver Sentiment is also very depressed at the moment, with only 29.70% bullishness. However, sentiment hasn't pierced the "standard deviation bands" yet, and thus has more downside potential...
Chart courtesy sentimentrader.com

All this Dollar-bullishness/Gold-Bearishness has caused mining companies to sell off BIG TIME.Some of them are now 75-80% below their top, and when you look at their charts, it looks like the world is coming to an end for those companies.That being said, the BPGDM index from stockcharts, which shows the % of mining stocks that have a BUY signal on the Point&Figure chart, is very depressed at 10.71% at the moment. In late 2008, this index reached 0% for a very short time. Funny to see that that time, the mining stocks had set a higher low. The HUI index has now dropped below the 50% Fibonacci Retracement level from the bottom of 2008 to the top of 2011, so the next target would be the 38.20% level, which comes in slightly below 350. My expectations are that we might get close to this level over the next couple of days, followed by a very sharp rebound (possibly as high as 450, which is the 61.80% level). What happens then is still unknown, but as I pointed out, the severe underperformance of the HUI stocks to Gold is very similar to 2008, which means that the decline might not be over yet, even though a sharp bounce is overdue now with the extreme bearishness...
Chart courtesy stockcharts.com

Let's have a look at the weekly charts. Gold is ready to set a tripple bottom. However, if that attempt fails, look out below (especially below $1,450). The MACD has just turned negative, which doesn't look well...
Chart courtesy stockcharts.com

When we have a look at the following chart, which is a weekly chart from 1980, we can notice a similar pattern:
Chart courtesy stockcharts.com

When the MACD just turned negative in 1980, Gold was trading above $500 per ounce. It fell all the way to $300 in the next 1.5 years or so.

Chart courtesy stockcharts.com

Silver is also at a critical point right now. If this level holds, then we have a tripple bottom. If not, look out below...

Chart courtesy stockcharts.com

Now over to the monthly charts:Gold's MACD is extremely stretched, and we have negative divergence between price and RSI. Since this is on a monthly basis, this is not a good sign for the future.
Chart courtesy stockcharts.com

Silver's MACD looks set to drop lower (potentially much lower). First support comes in around $19-$20:
Chart courtesy stockcharts.com

The Quarterly chart for silver shows an extremely stretched MACD, and an RSI that is still hovering around overbought levels:

Chart courtesy stockcharts.com

The situation is even worse for Gold:

Chart courtesy stockcharts.com

When we finally look at the Yearly chart, we can see that Silver has set a bearish reversal candle last year, which we have commented on late last year. On top of that, the yearly RSI is still OVERBOUGHT!
Chart courtesy stockcharts.com

Last but not least, the comparison between Silver Now and the Nasdaq is still very accurate:
Chart courtesy stockcharts.com (Nasdaq Bubble)

Chart courtesy stockcharts.com (Silver "Bubble"?)

An overlay of the two charts speaks more than a thousand words:

For those of you who want to call me an "idiot" who doesn't look at fundamentals, Martin Armstrong wrote in his latest report:"Fundamentals really mean little. The whole fiat reasoning means nothing since gold declined for 19 years from 1980 when it was still fiat. The same is true in stocks when the price can decline on good news and it is explained by saying the market was expecting results “better” than that. Markets trade technically because they are influenced truly by everything. Each market is interlinked to everything else so it becomes a delicate dance of comparison and capital flows like water to the lowest cost for the greatest gain. Focusing upon just one market exclusively ensures failure."

For more articles, analyses and trading updates, visit www.profitimes.comI have decided to only accept new subscribers until June 30th. From then on my services will be open to existing subscribers ONLY. To secure your membership now, visit www.profitimes.com and subscribe now!

Distributed by Viestly

]]>Andy DufraneWed, 16 May 2012 09:22:20 GMThttp://www.pennypayday.com/street-beat-articles-29/4293-short-medium-long-term-technicals-for-gold-silver.aspxYou Can’t Always Get What You Wanthttp://www.pennypayday.com/street-beat-articles-29/4292-you-cant-always-get-what-you-want.aspxNorthern, WI 5/15/12 (StreetBeat) -- Interest rates, specifically those at the long end of the curve in the US and Germany, are quite low. Ten Year maturities are yielding below the prevailing rate of inflation in both countries, that shouldn’t happen. In the previous decade the 10 Year US Treasury yield was usually one hundred and fifty to three hundred basis points over the Consumer Price Index Core rate. Before now, only in the aftermath of the Lehman Brother collapse in the final months of 2008, did this spread fall under 100 basis points, and then only briefly. It should be that the yield of long end debt is a premium to inflation, based on the current annualized rate of prices and the expectation for inflation rates in the future. Other factors may play into the calculus, but this is the key fundamental.

Not to say that these markets will not fluctuate with the ebb and flow of the economy or provide a hiding place in turbulent times, but I think that something important has happened at the margin of the market that makes economic fundamentals less important now than ever before. The yield of the US and German 10 Year debt is low because of the obvious problems on either side of the Atlantic. But in my opinion the yields on this debt are at or near record lows because for many buyers of long term debt there is no alternative to these instruments. If an institution needs duration, needs an asset to offset a liability and needs the approval of investment committee to get it done, there is nowhere left to turn. There is a lack of good collateral and in many important respects US Treasuries and the German Government debt are the last ones standing.

This is how I think we got here.

The shadow banking system is the popular term used to describe the web of securitization, derivatives, and repos on these instruments, created and traded mainly by non-bank financial institutions. Shadow banking grew exponentially early last decade. It went from a nominal presence at the turn of the century into a multi-trillion dollar pile of collateral by mid-decade.

This shadow system was so large and efficient that it essentially broke the Fed’s monetary transmission mechanism. As I wrote in the TWA from 9/29/08; “The Fed’s use of monetary policy to slow down or speed up the economy, and thereby achieve their mandate for sustainable economic growth, stable prices and high levels of employment, depends greatly on something know as the monetary transmission mechanism. In order to change the target rate of the Fed Funds the Fed will either add money to, or take money out of the system. They then depend on the banks that are affected by changes in the monetary base to charge more or less for loans and, by so doing, move the dial on economic growth in the desired direction; in a nut shell, this is the monetary transmission mechanism.” But the shadow bankers were able to create, through securitization, credit and therefore money outside of the Fed system. The Fed’s role as the determinant of liquidity levels, the so called liquidity fulcrum, became marginalized. Manmohan Singh and Peter Stella explained this concept in a recent essay on central bank reserve creation; “Due to this shift, the liquidity fulcrum of the pre-crisis US financial market was composed only partly of central bank liabilities—and it was a very small part. More importantly, the magnitude of the liquidity fulcrum was determined not by the monetary policy authorities but instead by market practice. The nature and volume of assets determined by the market to be acceptable collateral is the key.”

The FTalphaville blog elaborated on the argument presented by Singh and Stella; “That’s to say, ‘shadow banks’ and ‘non-banks’ were arguably responsible for a lot more lending in the system than previously thought. Or to put it another way, banks were sourcing a lot more of their liquidity (for lending activity) from shadow banks than from pure customer deposits. But while the availability of depositor-created liquidity is easily controlled by the central bank, shadow banks dictate their own reserve limits as well as how much they can lend, all on a bespoke basis. The Fed’s actions thus hold very little sway over their liquidity distribution preferences—which on top of everything are channeled to banks via the ‘real-world’ repo market. The market whose rates the Fed tries to influence, but which it can never guarantee.”

The Fed noticed, which is not to say completely understood in practice or for its ramifications. To Greenspan the inability of the Fed to influence interest rates further out the curve was just a “conundrum” that could probably be blamed on the Chinese appetite for US Treasuries. Bernanke may have had inkling it was something else. At the December 2006 FOMC meeting the new chairman asked Governor Warsh for his “view about the meaning of this liquidity issue?” In the transcripts from that meeting Governor Warsh did a back of the envelope outline of shadow banking and briefly warned of how it was infringing on the Fed’s monetary domain; “So I think liquidity really means a couple of the things you’ve noted. Obviously, I, like you, think that these monetary aggregates are not providing us with much insight. Moreover, regarding your initial point, we would have a hard time drying up this liquidity, if that’s what we attempted to do, given the global nature of the sources and the uses of funds.”

Well, as it turns out, Warsh was right. The Fed could not dry up the shadow banking liquidity; it had to whither on its own accord and it did. And now the problem is that even as they need to irrigate with more liquidity the Fed has found that conditions remain parched, in part because the drought in shadow banking was a magnitude greater than Fed’s ability to drench it.

Additionally, you have to add the rehypothecation chains to the shadow banking collateral calculation. The original security was re-used as collateral in other transactions many as three or four times in the US and a multiple of that amount in Europe. But once the value of the original securities began to decline in the recession so too did their re-use as collateral decline. Manmohan Singh wrote about this in an IMF paper called Velocity of Pledged Collateral: Analysis and Implications; I referred to this paper in TWA 1/9/12: “As a result of these factors Singh estimates that the rehypothecation chains have fallen to a churn rate of 2.4 times by the end of 2010, meaning there has been a reduction in collateral totaling $4 to $5 trillion; a fall from the end of 2007 peak of $10 trillion down to about $5.8 trillion. ‘This decline in leverage and re-use of collateral may be viewed positively from a financial stability perspective,’ wrote Singh in his paper on velocity of pledged collateral. ‘From a monetary policy perspective, however, the lubrication in the global financial markets is now lower as the velocity of money-type instruments has declined.’ The way Singh sees it the ‘velocity of collateral’ is analogous to the concept of the ‘velocity of money’. When there is too much velocity or grease, as was the case in the years leading up to Lehman, the markets are apt to slip and slide on the excesses. But when there is too little velocity the system could grind to a halt. ‘Collateral is the grease that oils the lending system,’ said Richard Comotto of the International Capital Market Association to the Financial Times in an article on Singh’s research. ‘If the grease starts to freeze or run out, the loan cogs won’t run as well.’”

Even a massive increase in Treasury issuance was not enough to offset the decline in private sector credit creation. For instance in 2007, on a seasonally adjusted annualized rate (SAAR), total credit market borrowing in the US was $4.5 trillion; including things like corporate debt, securitizations, commercial paper, etc. Of that total the Treasury tapped the credit market for $237 billion; this is according to the Fed’s quarterly statistical report called the Flow of Funds. In 2009 the Treasury borrowing was up to $1.4 trillion SAAR, but the overall figure for credit creation was a negative $580 billion. In other words private sector credit creation went down by about $2 trillion for the year and down by $5 trillion when compared to the pre-recession levels. As of the end of 2011 the net figure for SAAR credit creation was a negative $300 billion, once you take out the Federal Government contribution of $1.07 trillion.

So the point is that in the years before the recession private sector credit creation was rampant; collateral was plentiful, maybe too much so. But since then it has become a mere shadow of its former self and that has implications for the economy. The way Singh described it in his paper on the velocity of collateral, “a shortage of acceptable collateral would have a negative cascading impact on lending similar to the impact on the money supply of a reduction in the monetary base. Thus the first round impact on the real economy would be from the reduction in the ‘primary source’ collateral pools in the asset management complex (hedge funds, pensions and insurers etc), due to averseness from counterparty risk etc. The second round impart is from shorter ‘chains’—from constraining the collateral moves, and higher cost of capital resulting from decrease in global financial lubrication.”

Some institutions are natural buyers of longer dated debt; pension funds, insurance companies or banks have a need to hold an asset that offsets their liabilities. In the early years of this century they may have held private sector securities to satisfy that balance sheet requirement. But since the recession there has been a dearth of that paper and there is a heightened concern about the worthiness of the counterparties that are supposed to support those securities. Therefore the duration needy institutions have increased their holdings of Treasuries by a significant amount; where else were they to go? “The quality of the paper may be one reason but it seems to me the key factor is that there is a flight to quantity. If an institution must own an interest bearing security, especially one that is secure, then it needs to buy what is available, and for now that means Treasuries.” That is how I described the fresh demand for Treasuries in TWA 8/3/09. The demand for Treasuries has outstripped the massive increase in the supply, as is evident from the increase in the bid to cover ratios at the auctions even though the auctions are ever more frequent and larger than ever before. The Operation Twist bidding also puts the heightened appetite on display. When the Fed is buying Treasuries the market offers a couple of times the amount the Fed plans to purchase. But when the Fed is selling Treasuries the size of the bid is huge in comparison, several times the amount the Fed plans to sell.

As many Treasuries as there are, it doesn’t seem that there are enough to feed all the hungry accounts looking for good collateral. The evolution of the European debt crisis has exacerbated the situation. Originally the problems with and decline of the shadow banking collateral benefitted all sovereign debt, not just the Treasuries. But try to find an investment committee that will sign off today on an investment in Spanish long term debt. You can trade European sovereign debt, but aside from German Bunds you cannot invest in them. The collateral pie is shrinking fast. Counterparty nervousness is playing a role as well. The use of covered bonds in Europe has grown dramatically in the last couple of years. That’s because the coveted collateral that is used in this sort of transaction cannot be re-used and the owner maintains ownership as opposed to having it pledged elsewhere with no guarantee that the same paper will be returned; one cannot be frivolous with the good stuff. A few steps down the quality ladder and we find that another EU1 trillion of lower graded collateral has been taken off the market with the ECB liquidity program, the LTRO. Even ECB boss Draghi has taken note of the “scarcity of eligible collateral.”

Call it the result of risk on/risk off. Well, the SP is barely five percent off a multi-year high, but the 10 Year yield is 1.80%, well short of inflation.

Call it the Fed’s relentless buying of Treasuries. Well, in mid-May 2007, the month before we first heard about MBS trouble at Bear Stearns hedge funds the Fed owned 15.9% of marketable Treasuries. As of last week the Fed owned 15.2% of the supply. Granted that their holdings are longer dated, but the yield of the 10 Year was 1.86% on the day that Operation Twist was announced and the path followed since then does not reflect a relentless Fed effect. Rates are extremely low but, arguably, not clearly driven lower by the Fed strategy.

Call it a bubble waiting to burst. But before you do you better be sure the supply of reliable, call it safe, collateral other than Treasuries or Bunds is readily available. You should also be able to see a resolution to Europe’s debt crisis on the horizon, and be sure it is not a mirage.

Therefore, I think the very low rates in the Treasuries and the Bunds is the result of the lack of alternatives available to the natural buyers of fixed income. The return of one’s money is paramount to the return on ones money. You may not always get what you want, but if you buy some time with Treasuries and or Bunds you might get what you need; a reliable asset to offset a liability. Not a good deal, but a good deal better than an unwanted haircut. Markets will fluctuate, but until there is an alternative I don’t see how rates will normalize any time soon.

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]]>Steve KanavalTue, 15 May 2012 15:39:13 GMThttp://www.pennypayday.com/street-beat-articles-29/4292-you-cant-always-get-what-you-want.aspxGreat Wall (OTCBB:GWBU) +25%http://www.pennypayday.com/street-beat-articles-29/4291-great-wall-otcbbgwbu-25.aspxNorthern, WI 5/15/12 (StreetBeat) – In recent news, Great Wall Builders, Ltd. (OTCBB: GWBU) announced that it will be conducting all business operations under the name Start Technologies Europe I.G., a wholly-owned subsidiary of the Company.

As previously announced, Great Wall recently acquired all the assets of dPollution International, Inc. which owned the intellectual property, manufacturing rights, and marketing rights to the Start Fuel Efficiency and Emission Device (FEED) unit, an aftermarket device that improves the combustibility of gasoline or diesel fuels in internal combustion engines. The patent pending fuel-conditioning technology has been shown to reduce polluting emissions and increase engine efficiency/mileage. The Start FEED technology has reached the commercialization stage and the Company continues to test and demonstrate the device with potential clients around the world.

"We are very excited to have completed our corporate transformation and operating under the new Start Technologies Corp. banner will better reflect the direction that we are taking as a technology development company," stated Mr. Daniele Brazzi, President and CEO of Great Wall. "In the coming months, as we move forward with our business plan to commercialize the Start FEED technology, we also intend to intensify our marketing and public relations efforts to raise awareness of our company and patent pending technology within the global investment community. The entire team is eager to move forward with our growth strategy and intends to build the company for the long-term benefit of all our shareholders."

The stock is currently trading at $1.36, up $0.27 or 24.77%.

Great Wall Builders, Ltd.

Great Wall Builders, Ltd. (operating as "Start Technologies Europe I.G.") owns the exclusive manufacturing and distribution rights to the Start Fuel Efficiency and Emission Device (FEED), an aftermarket device for internal combustion engines that enhances performance by causing fuel to combust more efficiently and completely. The technology uses a high-voltage electric current to break long-chain hydrocarbon molecules into shorter, lighter more volatile molecules. The patent-pending device produces a number of important benefits, including; lower emissions; reduced fuel consumption; and improved engine performance. The technology can be applied to a variety of different types of engines, both diesel and gasoline powered, heavy equipment as well as consumer vehicles. For more information, visit www.StartTechnologiesCorp.com.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Steve KanavalTue, 15 May 2012 15:06:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4291-great-wall-otcbbgwbu-25.aspxLighting Science (OTCBB: LSCG) Lights Up Washington D.C. With Ultra-Efficient LED Street Lightshttp://www.pennypayday.com/street-beat-articles-29/4290-lighting-science-otcbb-lscg-lights-up-washington-dc-with-ultra-efficient-led-street-lights.aspxNorthern, WI 5/15/12 (StreetBeat) -- Lighting Science Group (OTCBB: LSCG), one of the world's leading LED lighting companies, today joined Washington, D.C. Mayor Vincent C. Gray and officials from the District Department of Transportation (DDOT) and the Department of the Environment (DDOE) to celebrate the completion of the first phase of the relighting project that will save the city tens of thousands of dollars each year in energy costs. Part of the Mayor's larger vision for a Sustainable D.C., Lighting Science Group's energy-efficient, long-lasting street lights have replaced old, inefficient lights and will cut the District's annual carbon dioxide emissions by 719 tons.

"Already results show these new light fixtures are saving energy — 57 to 60 percent — compared to the old mercury vapor and high pressure sodium lights," said Mayor Gray. "Imagine how much energy we could save if we expand this program to all 70,000 street and alley lights across the District. That would be a great down payment on a truly Sustainable D.C."

Prior to the start of this project, in conjunction with Howard University Transportation Research Center, DDOT conducted a study and analysis of light emitting diode (LED) lighting products from a variety of vendors and manufacturers. The study involved the evaluation and analyses of photometric readings, fixture life, efficacy, aesthetics, color temperature, dimmability and compatibility with remote monitoring and control systems. At the conclusion of the Study, DDOT selected Lighting Science Group's PROLIFIC™ (LSG) LSR-2 LED street light as the preferred choice to replace the District's existing alley lights.

"When it comes to city planning, smart infrastructure saves lives and dollars," said Jim Haworth, chairman and chief executive officer of Lighting Science Group. "The Mayor's office, DDOT and DDOE are clearly united in their commitment to promoting both the safety and financial interests of District residents with their joint vision for a Sustainable D.C. Lighting Science Group is proud to play its part in bringing that vision to life. Our PROLIFIC Series roadway solutions offer notably longer-life expectancies than the District's existing lights and real reductions in maintenance and energy costs. With less glare and better illumination, uniformity, and color, the new LED street lights signal a true improvement for the District."

The District Department of the Environment (DDOE) supported and funded the LED lighting project, under the U.S. Department of Energy's Energy Efficient and Conservation Block Grant program. Eventually DDOT plans to install energy-efficient light fixtures throughout D.C., including all of its alleys, streets, bridges, tunnels and underpasses, pedestrian walkways, bike and running trails.

Added Haworth: "The Washington, D.C. project is another significant win for Lighting Science Group in the infrastructure market, exemplifying the clear leadership and high-performance product capabilities of the Company."

About Lighting Science Group

Lighting Science Group Corporation designs, develops, manufactures and markets LED lighting solutions that are environmentally friendlier and more energy efficient than traditional lighting products. Lighting Science Group offers retrofit LED lamps in form factors that match those of traditional lamps or bulbs and LED luminaires designed for a range of applications including public and private infrastructure for both indoor and outdoor use. Lighting Science Group's Advanced Projects Group business unit designs, develops and manufactures custom LED lighting solutions for architectural and artistic projects. Lighting Science Group is headquartered in Satellite Beach, Florida; the Company's European operations are based in Middelburg, The Netherlands; and the Company has a sales office in Sydney, Australia. Lighting Science Group employs approximately 1000 workers building lighting products from domestic and imported parts. Lighting Science Group is a Pegasus Capital Advisors portfolio company. More information about Lighting Science Group is available at www.lsgc.com.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Steve KanavalTue, 15 May 2012 14:58:09 GMThttp://www.pennypayday.com/street-beat-articles-29/4290-lighting-science-otcbb-lscg-lights-up-washington-dc-with-ultra-efficient-led-street-lights.aspxPatriot (NYSE: PCX) Falls After Forecast Cut on Potential Customer Defaulthttp://www.pennypayday.com/street-beat-articles-29/4289-patriot-nyse-pcx-falls-after-forecast-cut-on-potential-customer-default.aspxNorthern, WI 5/15/12 (StreetBeat) -- Patriot Coal Corp. (NYSE: PCX) dropped after cutting the forecast it made a week ago for sales of steelmaking coal mined in Appalachia because of a potential default by a customer.

Patriot issued its forecast outside of regular trading hours on U.S. markets. Patriot fell 3.1 percent to $4.68 at 8:38 a.m. in New York.

The company sees sales in the second quarter through the fourth quarter of 3.9 million tons at an average price of $142 a ton, St. Louis-based Patriot said in a statement after the close of regular trading yesterday. That compares with a May 8 projection of 4.9 million tons at $138 a ton.

Patriot also revised its 2013 forecast for Appalachian metallurgical coal to 200,000 tons at $122 ton from 400,000 tons at $120 previously.

Patriot also produces thermal coal, which is used to generate electricity. The company’s shares fell 43 percent this year through yesterday amid a decline in U.S. coal shipments to power stations as some utilities switch to natural gas, which fell to a 10-year low last month.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Steve KanavalTue, 15 May 2012 14:48:24 GMThttp://www.pennypayday.com/street-beat-articles-29/4289-patriot-nyse-pcx-falls-after-forecast-cut-on-potential-customer-default.aspxHigher costs cut Servotronics (NYSE: SVT) 1Q profithttp://www.pennypayday.com/street-beat-articles-29/4288-higher-costs-cut-servotronics-nyse-svt-1q-profit.aspxShawshank, VA 5/15/12 (StreetBeat) -- Servotronics Inc. (NYSE: SVT) reported a sharp decline in net income in the first quarter, impacted by start-up costs for new products and expenses.

Profit in the quarter was $63,000, or 3 cents per share, compared to $418,000, or 21 cents per share, a year ago. Revenue edged up 1.3 percent to $8.37 million from $8.27 million.

Elma-based Servotronics stated it has strategically positioned itself by continuing to design and develop new products for new applications/programs across a multiple of industries.

The company is composed of two groups — the ATG and the CPG. The ATG primarily manufactures components for aircraft, jet engines, missiles and manufacturing equipment. The CPG designs and produces various cutlery, knives and other edged products for both commercial and government applications.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Andy DufraneTue, 15 May 2012 14:38:23 GMThttp://www.pennypayday.com/street-beat-articles-29/4288-higher-costs-cut-servotronics-nyse-svt-1q-profit.aspxTuesday’s biggest gaining and declining stockshttp://www.pennypayday.com/street-beat-articles-29/4287-tuesdays-biggest-gaining-and-declining-stocks.aspxShawshank, VA 5/15/12 (StreetBeat) -- Here are some of the biggest gaining and declining stocks in U.S. market trading on Tuesday:

Gainers

Amylin Pharmaceuticals Inc. (Nasdaq: AMLN +4.85%) shares tacked on 5%. The company said in a filing late Monday that one of its directors had bought 18,000 shares of the firm’s stock.

Dick’s Sporting Goods (NYSE: DKS +6.33%) rose 8% after reporting a 53% jump in profit that breezed past Wall Street expectations.

Groupon Inc. (Nasdaq: GRPN +15.89%) shares jumped 19% after the company reported better-than-expected revenue for its first quarter on Monday, along with a strong forecast.

Decliners

Shares of Avon Products Inc. (NYSE: AVP -10.54%) fell 12% after Coty Inc. pulled its more than $10 billion bid for the beauty-products firm. In a letter to Avon’s board, Coty said that it had wanted to do a friendly deal, but “your total lack of engagement with us leads us to believe that you remain reluctant to explore a friendly, negotiated, combination on a reasonable timetable.”

Home Depot (NYSE: HD -2.07%) was off about 5% after its quarterly sales missed expectations and its outlook also came in slightly short.

Summer Infant Inc. (Nasdaq: SUMR -25.36%) shares retreated by 26%. The company reported flat quarterly profit and declining margins on Monday afternoon.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Andy DufraneTue, 15 May 2012 14:33:39 GMThttp://www.pennypayday.com/street-beat-articles-29/4287-tuesdays-biggest-gaining-and-declining-stocks.aspxArctic Cat (Nasdaq: ACAT) forecasts weak full-year results, shares fallhttp://www.pennypayday.com/street-beat-articles-29/4286-arctic-cat-nasdaq-acat-forecasts-weak-full-year-results-shares-fall.aspxPalm Beach, FL 5/15/12 (StreetBeat) -- Arctic Cat Inc (Nasdaq: ACAT) posted a smaller quarterly loss but the snowmobile maker forecast weak full-year results as it expects softness in North America sales.

Arctic Cat shares, which have doubled in value so far this year, fell 23 percent to a low of $35.44 on Tuesday on the Nasdaq.

The company forecast full-year earnings of $2.40 to $2.50 per share on sales of $631 million to $650 million. Analysts expected a profit of $2.70 per share on sales of $659.8 million, according to Thomson Reuters I/B/E/S.

Arctic Cat said it expects North America industry retail sales of all-terrain vehicles to be flat to down 5 percent and North America industry retail sales of snowmobiles to be flat to up 2 percent.

The company's fourth-quarter net loss narrowed to $6.2 million, or 49 cents per share, from $9.6 million, or 52 cents per share, a year ago.

Sales rose 26 percent to $98.5 million.

Analysts expected a loss of 56 cents per share on revenue of $92.7 million, according to Thomson Reuters I/B/E/S.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Ashley MontgomeryTue, 15 May 2012 14:20:12 GMThttp://www.pennypayday.com/street-beat-articles-29/4286-arctic-cat-nasdaq-acat-forecasts-weak-full-year-results-shares-fall.aspxRenren (NYSE: RENN) shares rise on strong resultshttp://www.pennypayday.com/street-beat-articles-29/4285-renren-nyse-renn-shares-rise-on-strong-results.aspxPalm Beach, FL 5/15/12 (StreetBeat) -- Renren Inc's (NYSE: RENN) shares rose 11 percent after the Chinese social networking site posted quarterly results ahead of analysts' estimates, boosted by revenue from gaming services.

Renren said its revenue from gaming rose 91 percent in the quarter to $17.5 million, as the company's recently launched games and mobile gaming gained popularity.

On Monday, the company, known as China's Facebook, said revenue rose 56 percent in the first quarter to $32.1 million.

Renren shares were up 11 percent in morning trade on Tuesday at $6.07. They closed at $5.49 on Monday on the New York Stock Exchange.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Ashley MontgomeryTue, 15 May 2012 14:15:54 GMThttp://www.pennypayday.com/street-beat-articles-29/4285-renren-nyse-renn-shares-rise-on-strong-results.aspxRelm Wireless (AMEX: RWC) gets $2 million radio orderhttp://www.pennypayday.com/street-beat-articles-29/4284-relm-wireless-amex-rwc-gets-2-million-radio-order.aspxPalm Beach, FL 5/15/12 (StreetBeat) -- Relm Wireless Corp (AMEX: RWC) was awarded a $2 million radio order from Harris County, Texas for P25 digital 800MHz trunking radios.

The order includes radio and accessories, and the radios will be used by Harris County law enforcement professionals.

West Melbourne-based Relm Wireless produces high-specification, two-way communications equipment for use by public safety professionals and government agencies.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Ashley MontgomeryTue, 15 May 2012 14:11:24 GMThttp://www.pennypayday.com/street-beat-articles-29/4284-relm-wireless-amex-rwc-gets-2-million-radio-order.aspxDick's (NYSE: DKS) 1Q profit rises 53 pct, lifts year forecasthttp://www.pennypayday.com/street-beat-articles-29/4283-dicks-nyse-dks-1q-profit-rises-53-pct-lifts-year-forecast.aspxOrlando, FL 5/15/12 (StreetBeat) -- Dick's Sporting Goods Inc. (NYSE: DKS) said Tuesday that its fiscal first-quarter net income rose 53 percent as online sales strengthened and demand rose at its Golf Galaxy and namesake stores.

The company, which sells sporting goods and other items, also lifted its earnings outlook for the year. Its stock climbed in premarket trading.

Dick's earned $57.2 million, or 45 cents per share, for the three months ended April 28. That's up from $37.5 million, or 30 cents per share, a year ago. Analysts surveyed by FactSet expected 38 cents per share.

Revenue rose 15 percent to $1.28 billion from $1.11 billion, beating Wall Street's estimate of $1.23 billion.

Shares of Dick's added $2.06, or 4.4 percent, to $49.30 before the market open.

Revenue at stores open at least a year increased 8.4 percent. This metric is a key gauge of a retailer's health because it excludes results from stores recently opened or closed. The metric rose 7.3 percent at Dick's Sporting Goods and 12.6 percent at Golf Galaxy locations.

Online sales increased 33.4 percent.

Looking ahead, the company now expects full-year earnings of $2.45 to $2.48 per share. Its previous forecast called for earnings of $2.38 to $2.41 per share. Analysts predict earnings of $2.43 per share for the year ending in January 2013.

Dick's also anticipates that revenue at stores open at least a year will grow 3 to 4 percent, up from a 2 percent increase in fiscal 2011.

For the current quarter, which ends in July, the company expects earnings of 62 cents to 63 cents per share, matching Wall Street's estimate. Dick's predicts revenue at store open at least a year will grow 2 to 3 percent.

Dick's had 486 of its namesake stores and 81 Golf Galaxy stores in the U.S. at quarter's end. The company added six Dick's Sporting Goods stores during the first quarter and intends to add four more stores in the current quarter.

The company, which is based in Pittsburgh, also said it would pay a 12.5-cent quarterly dividend on June 29 to shareholders of record on June 1.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Janice MeehanTue, 15 May 2012 14:04:08 GMThttp://www.pennypayday.com/street-beat-articles-29/4283-dicks-nyse-dks-1q-profit-rises-53-pct-lifts-year-forecast.aspxSypris (Nasdsaq: SYPR) Reports First Quarter Resultshttp://www.pennypayday.com/street-beat-articles-29/4282-sypris-nasdsaq-sypr-reports-first-quarter-results.aspxOrlando, FL 5/15/12 (StreetBeat) -- Sypris Solutions, Inc. (Nasdaq: SYPR) today reported financial results for its first quarter ended April 1, 2012.

HIGHLIGHTS

─────────────────────
• Revenue and gross profit increased 27% and 54%, respectively, from the first quarter of last year.
• Earnings increased to $0.27 per diluted share, up from $0.10 per share for the prior year period.
• Gross margin increased to 13.0%, up 230 basis points from 10.7% in the first quarter of 2011 and up from 10.4% sequentially.
• Profit conversion on incremental revenue growth for the Industrial Group exceeded 20% on a year-over-year basis and 16% sequentially.
• Orders for the Company’s Aerospace and Defense business increased 30% when compared to the prior year period.
• Subsequent to quarter end, the Company announced a new alliance with BlackRidge Technology to develop the next generation of network defense technology for government customers.
─────────────────────

The Company reported revenue of $96.5 million for the first quarter compared to $75.8 million for the prior year period. The Company reported net income of $5.3 million, or $0.27 per diluted share, for the first quarter compared to $2.1 million, or $0.10 per share, for the prior year period.

Pretax income from continuing operations of $6.5 million for the quarter ended April 1, 2012, included a gain of $2.6 million in connection with the sale of idle assets and a foreign currency translation loss of $0.6 million. Pretax income from continuing operations of $2.9 million for the quarter ended April 3, 2011, included a gain of $3.0 million in connection with the settlement regarding volumes with one of its customers.

“Our Industrial Group continued to show progress during the quarter, with revenue, margins and income increasing on a year-over-year and sequential basis,” said Jeffrey T. Gill, president and chief executive officer. “We expect the improved cost profile and strong operational performance of this business to make a material contribution to the growth and profitability of the Company throughout the coming year.

“Orders in our Aerospace and Defense business increased 30% during the period when compared to the first quarter of 2011, following a 23% year over year increase in the fourth quarter of last year. And while the periods used for comparison reflect the lack of Department of Defense funding that impacted our order stream historically, we believe that the current trend in new bookings over the past six months provides important support for this business.”

The Industrial Group

Revenue for our Industrial Group increased 39% to $82.5 million in the first quarter compared to $59.6 million for the prior year period, primarily as a result of increased demand from customers in the commercial vehicle and trailer markets. Gross profit for the quarter increased 93% to $9.9 million, or 12.0% of revenue, compared to $5.1 million, or 8.6% of revenue for the same period in 2011, reflecting the positive conversion associated with the increase in revenue and supply chain productivity.

The Electronics Group

Revenue for our Electronics Group was $13.9 million in the first quarter compared to $16.3 million in the prior year period, but up 23% sequentially from the fourth quarter of 2011. Gross profit for the quarter was $2.6 million, or 18.6% of revenue, compared to $3.0 million, or 18.5% of revenue for the same period in 2011, and up sequentially from $0.5 million, or 4.5% of revenue, from the fourth quarter of 2011.

Outlook

Mr. Gill added, “We will continue to concentrate on the daily execution of our business. We expect to see strong comparable period growth in the top line of our Industrial Group going forward, as recently announced contracts add additional volume. For our Electronics Group, we are planning for a progressive recovery in shipments and margins for this business segment as we move throughout the coming year.

“We believe that the Company is well-positioned and our team is focused on delivering improved operational and financial results during the year. We will do so through a relentless focus on execution at every level of our organization.”

Sypris Solutions is a diversified provider of outsourced services and specialty products. The Company performs a wide range of manufacturing, engineering, design and other technical services, typically under multi-year, sole-source contracts with corporations and government agencies in the markets for truck components and assemblies and aerospace and defense electronics. For more information about Sypris Solutions, visit its Web site at www.sypris.com.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Andy DufraneTue, 15 May 2012 13:56:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4282-sypris-nasdsaq-sypr-reports-first-quarter-results.aspxHome Depot (NYSE: HD) sales miss estimates; shares fallhttp://www.pennypayday.com/street-beat-articles-29/4281-home-depot-nyse-hd-sales-miss-estimates-shares-fall.aspxOrlando, FL 5/15/12 (StreetBeat) -- Home Depot Inc (NYSE: HD) reported weaker-than-expected quarterly sales on Tuesday after demand slowed in April following a jump in home improvement projects spurred by warm weather earlier in the year.

The news sent shares of the world's largest home improvement chain down more than 3 percent and caused an analyst to lower his sales estimates for smaller rival Lowe's (NYSE: LOW), which plans to report its results next week.

Spring is traditionally the biggest selling season of the year for home improvement chains. But this year, homeowners stepped out earlier to take advantage of unseasonably warm winter weather across the United States.

Sales at Home Depot rose 5.9 percent to $17.81 billion in the first quarter ended on April 29, but missed the analysts' average estimate of $17.96 billion.

"The sales miss could be linked to a mediocre increase in the average transaction value, which suggests continued so-so sales in big-ticket merchandise categories and a heavy influence from seasonal products," said Brian Sozzi, chief equities analyst at NBG Productions.

The average transaction price at Home Depot rose 2.2 percent to $54.51 in the quarter.

Sales at stores open at least a year rose 5.8 percent globally, including a 6.1 percent rise in the United States.

Wall Street analysts were looking for a global same-store sales rise of 6.5 percent in the quarter, Oppenheimer analyst Brian Nagel said.

"We believe Home Depot was comping in the high single digits in the first two months of the quarter, suggesting that April's comp was squarely in the low single-digit range," JPMorgan analyst Christopher Horvers said ahead of the company's conference call.

Horvers, who was expecting a same-store sales rise of 5 percent for Lowe's, now sees an increase of only about 4 percent.

Other analysts said expectations for the home improvement sector had been high before Home Depot released its results.

The company's net earnings rose to $1.04 billion, or 68 cents a share, from $812 million, or 50 cents a share, a year earlier.

Excluding a benefit from the termination of its guarantee of a senior secured loan, Home Depot earned 65 cents a share, meeting analysts' estimates, according to Thomson Reuters I/B/E/S.

Home Depot, which has been quicker to cut costs than rival Lowe's (LOW), has benefited as housing demand has picked up in regions where it has a heavy presence. It has also gained from opening more centralized distribution facilities.

The company expects sales to pick up later in the year. It sees fiscal-year sales rising about 4.6 percent, up from its prior outlook calling for a 4 percent increase. It raised its profit outlook for the year to $2.90 a share from a prior forecast of $2.79.

The outlook implies a 1 percent to 2 percent rise in same-store sales for the rest of the year, which is probably conservative, UBS analyst Michael Lasser said.

Shares of Home Depot were down 3.2 percent at $48.30 in premarket trading.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Janice MeehanTue, 15 May 2012 13:49:10 GMThttp://www.pennypayday.com/street-beat-articles-29/4281-home-depot-nyse-hd-sales-miss-estimates-shares-fall.aspxIt's a Smocial Ad Worldhttp://www.pennypayday.com/street-beat-articles-29/4280-its-a-smocial-ad-world.aspxNorthern, WI 5/15/12 (StreetBeat) -- Figures released by BIA/Kelsey this morning shows that social media advertising revenues are expected to rise from $3.8 billion in 2011 to $9.8 billion in 2016, for a 21% compound annual growth rate.

The local social story is even better: there, BIA/Kelsey predicts that advertising revenues will grow from $840 million in 2011 to $3.1 billion in 2016, for a CAGR of 29.8%.

Such numbers go far in explaining how it is that Groupon (Nasdaq: GRPN) managed to overcome dashed investor expectations and suspicious prodding by regulatory authorities with its pretty amazing quarterly earnings report and why companies such as Google (Nasdaq: GOOG), Amazon (Nasdaq: AMZN) and American Express (NYSE: AXP), just to name three, are trying to horn in on the market that is widely believed to be oversaturated. The numbers also explain why local merchants keep coming back to the daily deal model, despite its numerous drawbacks (for them at least). Simply put, there are few other digital ad channels that not only can so effectively reach a local community and also wear well when translated into the mobile and social formats.

Social Commerce’s Slow Crawl

Social media commerce, meanwhile, is still a statistical blip on the radar. According to the IBM (NYSE: IBM) retail economic indicator, shoppers referred from social networks generated 1.1% of all online traffic over Q1 2012, identical to the 1.1% seen in 2011.

More promising is IBM’s finding that shoppers referred to retailer sites from social networks generated 2.4% of all online sales, over Q1 2012, an increase from the 1.7% seen over this period last year.

That jump is statistically significant, says Jay Henderson, strategy director of IBM Digital Marketing, but it is still a relatively small increase.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Steve KanavalTue, 15 May 2012 12:58:03 GMThttp://www.pennypayday.com/street-beat-articles-29/4280-its-a-smocial-ad-world.aspx3 Things to Know Before Tradinghttp://www.pennypayday.com/street-beat-articles-29/4279-3-things-to-know-before-trading.aspxNorthern, WI 5/15/12 (StreetBeat) -- Stocks were mixed in Asian trade. The Nikkei fell 0.8%, Australia lost 0.7% and Shanghai was down a quarter percent, but the Hang Seng rose 0.8%. European indexes are little changed this morning, with the Footsie and Dax essentially flat. US stock futures are higher by a half of a percent or so as I write.

*The Reserve Bank of Australia saw non-mining growth below trend in the near-term and thought that the global sentiment is still “somewhat fragile”, when they met earlier this month and cut their target rate by a surprising fifty basis points; according to the minutes of that meeting that were released earlier today. The RBA thinks inflation will be at the lower end of the 2% to 3% target over the next few years, the minutes say.

*The April reading of Japanese Consumer Confidence was down three tenths on the month to 40.0, but it had been expected to increase a half point.

*Greece is expected to “repay fully a EU450 million bond that mature on Tuesday” says the FT. These are the maturing bonds issued under UK law that were not a part of the PSI default program. I have not seen a report saying the payment has been made as of now.

*The Q1 reading of Greek GDP is -6.2% on a year on year basis; the Q4 2011 reading was -7.5%.

*The Q1 reading of the Euro Zone GDP was 0.0% on both a quarterly and annualized basis; both measures were expected to be -0.2%.

*The May reading of the Euro Zone ZEW Survey of Economic Sentiment is -2.4, down from +13.1 the month before.

*The Q1 reading of German GDP was +0.5% on a quarterly basis and +1.2% year on year. Both measures beat the estimates by 0.4%.

*The May reading of Germany’s ZEW Survey of Economic Sentiment rose to 44.1, up from 40.7 the month before; the expectation was for a decline to 39.0.

*The weekly report on chain store sales from ICSC showed a decline of 0.8% on a week on week basis for the week ended May 12; this is the second week in a row sales were down by that amount and the fourth week in the last five that sales were down from the week before. The Johnson Redbook report on the same thing is due out at 7:55am CDT.

*Three bits of data are due out at 7:30am CDT. 1) The April reading of the Consumer Price Index is expected to be 0.0% on a monthly basis and the estimate for the Core CPI is +0.2%; the annualized rates are forecast to be +2.3% and +2.3% respectively. 2) The April reading of Retail Sales is expected to be +0.1% month on month and the estimate for Sales Ex-autos is +0.2%. 3) The May reading of the Empire State Manufacturing Index is forecast to be 9.00; it was 6.56 in April. The Treasury is set to release at 8:00am CDT the net change in March of foreign holding of long-term US securities, the TIC data; it is expected to be an increase of $32.5 billion. The March reading of Business Inventories is due out at 9:00am CDT, it is expected to be +0.4% on a month on month basis. Also due out at 9:00am is the May reading of the NAHB Housing Market Index, forecast to be up one point from the month before to 26.

*The Fed is scheduled to sell Treasuries today that are due to mature between 2/15/14 and 5/31/14; the results of the operation will be announced just after 10:00am CDT.

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]]>Steve KanavalTue, 15 May 2012 12:47:48 GMThttp://www.pennypayday.com/street-beat-articles-29/4279-3-things-to-know-before-trading.aspxTii Network Technologies (Nasdaq: TIII) Reports First Quarter 2012 Resultshttp://www.pennypayday.com/street-beat-articles-29/4278-tii-network-technologies-nasdaq-tiii-reports-first-quarter-2012-results.aspxNorthern, WI 5/14/12 (StreetBeat) -- Tii Network Technologies, Inc. (Nasdaq: TIII), a leader in designing, manufacturing and marketing network products for the communications industry, today reported results of operations for the three months ended March 31, 2012.

Net sales for the three months ended March 31, 2012 were $12,926,000 compared to $14,976,000 for the comparable prior year period, a decrease of $2,050,000 or 13.7%. The sales decrease was primarily due to a decrease in sales for the Porta Copper Products Division partially offset by increased sales of core business products and increased Tii Fiber Division sales of $520,000. Tii Fiber is a business acquired during the end of the first quarter of 2011 and contributed $136,000 to sales in the three months ended March 31, 2011. The Company has been advised that, beginning in about the fourth quarter of 2012, components that it sells to a Telco customer that support the customer's current method of deployment will no longer be needed as an interface for its new deployment. Sales of these components approximated $6 million in 2011. While the Company is seeking to have the Telco substitute other of its products for the products proposed to be discontinued, there can be no assurance that the Company will be successful or, if it is, the degree to which it will be successful.

Operating income for the three months ended March 31, 2012 was $173,000 compared to $1,271,000 in the comparable prior year period, a decrease of $1,098,000 or 86.4%. The decrease was primarily attributable to the lower level of sales and a decrease in profit margin from 30.6% in 2011 to 26.2% in 2012, resulting primarily from the lower level of sales and a provision for excess and obsolete inventory of $643,000 in the three months ended March 31, 2012, compared to a provision of $122,000 in the three months ended March 31, 2011.

Net income for the three months ended March 31, 2012 was $129,000, or $0.01 per diluted share, compared to $790,000, or $0.05 per diluted share, for the same prior year period, a decrease of $661,000. The current quarter results include a tax provision of $140,000 compared to a tax provision of $423,000 in the same prior year period.

Brian J. Kelley, President and Chief Executive Officer, stated, "We continue to experience a change in customer demand which has impacted sales and inventory. Our results reflect the challenges we face as we respond to inconsistent procurement patterns of our large customers. We are addressing these issues with the goal of reducing our inventory levels while also meeting our customers' needs."

About Tii Network Technologies, Inc.

Tii Network Technologies, Inc. (TIII) headquartered in Edgewood, New York, designs, manufactures and sells products to the service providers in the communications industry for use in their networks. Our products are typically found in the Telco Central Office, outdoors in the service providers' distribution network, at the interface where the service providers' network connects to the users' network, and inside the users' home or apartment, and are critical to the successful delivery of voice and broadband communication services. Additional information about the company can be found atwww.tiinetworktechnologies.com.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Steve KanavalMon, 14 May 2012 15:33:41 GMThttp://www.pennypayday.com/street-beat-articles-29/4278-tii-network-technologies-nasdaq-tiii-reports-first-quarter-2012-results.aspxQuoteMedia (Pinksheets: QMCI) Reports 26% Increase in Revenue for Q1 2012http://www.pennypayday.com/street-beat-articles-29/4277-quotemedia-pinksheets-qmci-reports-26-increase-in-revenue-for-q1-2012.aspxNorthern, WI 5/14/12 (StreetBeat) -- QuoteMedia, Inc. (Pinksheets: QMCI), a leading provider of market data and financial applications, announced financial results for the three months ended March 31, 2012. These results reflect a 26% increase in first quarter revenues, to $2,564,444 from $2,029,783 in the comparative period in 2011.

QuoteMedia reported a net loss of $104,987 in Q1 2012, compared to a net loss of $398,900 in Q1 2011 – an improvement of $293,913. The company also reported positive EBITDA of $232,110 in Q1 2012 which represents a $327,707 improvement as compared to the Q1 2011 EBITDA of $(97,597).

“We are very pleased with these results,” says Keith Guelpa, President of QuoteMedia, Inc. “The momentum we developed in the second half of 2011 has carried forward into 2012, with pronounced revenue growth and increases in market share.

“We anticipate that 2012 will be a strong year for QuoteMedia, as we expect to see continued revenue growth and increased market penetration, on both the institutional and retail sides, across all product lines. We are very proud of what we have accomplished to date, and look forward to continued success in future quarters.”

About QuoteMedia

QuoteMedia is a leading software developer and syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages, and financial services companies. The Company licenses interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains, filings, corporate financials, insider reports, market indices, portfolio management systems, and data feeds. QuoteMedia provides data and services for companies such as the NASDAQ, the OTCBB, TMX Group, Dow Jones & Company, SunGard, U.S. Bank, Penson Worldwide, Broadridge Financial Systems, Ridge Clearing, Regal Securities, JitneyTrade, Southwest Securities, HD Vest, Zecco Trading, Zacks Investment Research, General Electric, Dow Chemical, Bombardier, Business Wire, Marketwire, FolioFN, Captivate Network, ChoiceTrade, Qtrade Financial, CNW Group, TradeFreedom, Gain Securities, Gmarkets, Questrade, Schaeffer's Investment Research, Answers.com, WebFinance, and others. For more information, please visit: www.quotemedia.com.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Steve KanavalMon, 14 May 2012 15:11:24 GMThttp://www.pennypayday.com/street-beat-articles-29/4277-quotemedia-pinksheets-qmci-reports-26-increase-in-revenue-for-q1-2012.aspxBrownie's Marine Group (OTCBB: BWMG) Strategic Agreement With SunStar Aquatic Serviceshttp://www.pennypayday.com/street-beat-articles-29/4276-brownies-marine-group-otcbb-bwmg-strategic-agreement-with-sunstar-aquatic-services.aspxPalm Beach, FL 5/14/12 (StreetBeat) -- Brownie's Marine Group, Inc. (OTCBB:BWMG), a leading developer, manufacturer and distributor of highly specialized dive and safety products, today announced that SunStar Aquatic Services ("SunStar") has entered into a strategic agreement to provide professional dive trips, and training solutions for the new Brownie's Boca Dive and Paddle store, in Boca Raton, Florida.

SunStar was started by Karen Orsak and Capt. Tony Coulter in 1989 with the goal of providing top-notch, safe and adventurous SCUBA training combined with professional dive boat trips. SunStar operates a first class 15-passenger Dive vessel called the "DIVERSITY" with a base of operation at the prestigious Marina One Yacht Club. Marina One has over 2,600,000 cubic feet of indoor boat storage and deep water dockage and is located on the Boca Raton / Deerfield Beach city boundary in south Florida occupying both sides of Federal Highway. SunStar's NAUI and PADI classes meet the highest levels of standards available in the industry. These classes are overseen by co-founder Tony Coulter who has been expertly instructing divers for over twenty-one years; and range from entry level through the entire range of specialty training programs which are offered by SunStar from the Marina One facility.

Robert Carmichael, Brownie's CEO stated, "Marina One is arguably one of the top full-service marina facilities in southeast Florida and is positioned directly on the main canal serving the bulk of Boca Raton waterfront home and boat owners. Our core products and services excel when placed in front of this type of high profile and affluent market. SunStar will be operating as our training and boat operations team utilizing the class room and storage facility at our new Boca Dive and Paddle showroom for student orientation and outfitting. Offering a whole equipment, training, and activity solution to divers and boaters of all experience levels is important to our larger plan."

Karen Orsak, co-founder of SunStar stated, "Tony and I believe the key to building a sustainable dive industry is by investing in the time and knowledge required to achieve a superior dive education along with an enjoyable and safe in-water experience for all divers. We are pleased that Brownie's Marine Group shares our vision for the future of the diving industry."

Mr. Carmichael further stated, "Tony and crew are known for their no-nonsense approach to high-quality training and boat operations; these are key tenants to our brand progression as we head toward the full-scale Brownie Adventure Center model. Brownie's is committed to moving our unique products into prime markets like Boca Raton by creating a dynamic and company owned showrooms. We believe that placing the first of these stores in this high-density investor area will also help to increase our shareholder value."

Brownie's is in the final stage of completing its Boca Dive and Paddle concept store. This novel showroom will feature a state of the art selection of Brownie's core products and other great brands of dive equipment and stand-up-paddle boards (SUP). Quality training, demonstrations, a high quality as well as dive boat training operations are expected to be the foundation to building a sustainable customer base around this store model. A "soft" opening of the store, located at 176--B Glades Road in Boca Raton, is expected to occur in the next several days with an anticipated grand opening before the end of May.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Ashley MontgomeryMon, 14 May 2012 14:47:47 GMThttp://www.pennypayday.com/street-beat-articles-29/4276-brownies-marine-group-otcbb-bwmg-strategic-agreement-with-sunstar-aquatic-services.aspxInterOil (NYSE: IOC) to Meet PNG Government Over LNG Project Noticehttp://www.pennypayday.com/street-beat-articles-29/4275-interoil-nyse-ioc-to-meet-png-government-over-lng-project-notice.aspxPalm Beach, FL 5/14/12 (StreetBeat) -- InterOil Corporation (NYSE: IOC) today announced receipt through an unofficial channel, from the Department of Petroleum and Energy (DPE), of a copy of a notice of intention to cancel the 2009 LNG Project Agreement between Liquid Niugini Gas Limited and the Independent State of Papua New Guinea. Having considered the issue carefully with our external advisers, we are strongly of the view that the State has no right at present to terminate the Project Agreement. The notice does activate a six month consultation period during which the parties are to explore steps to deal with or remedy the DPE's concerns.

Our sell down and partnering process has now reached a stage where we expect to be able to demonstrate to the DPE, in the coming weeks, our ability to abide by all of the terms of the 2009 LNG Project Agreement. This accords with our stated intention since the previously announced engagement of advisors for this process at the end of last year. InterOil, and the partner we select, intends to bring an LNG processing facility to Papua New Guinea of a nature and in a manner which will be satisfactory to the State.

About InterOil

InterOil Corporation is developing a vertically integrated energy business whose primary focus is Papua New Guinea and the surrounding region. InterOil's assets consist of petroleum licenses covering about 3.9 million acres, an oil refinery, and retail and commercial distribution facilities, all located in Papua New Guinea. In addition, InterOil is a shareholder in a joint venture established to construct an LNG plant in Papua New Guinea.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Ashley MontgomeryMon, 14 May 2012 14:36:44 GMThttp://www.pennypayday.com/street-beat-articles-29/4275-interoil-nyse-ioc-to-meet-png-government-over-lng-project-notice.aspxAncestry.com (Nasdaq: ACOM) shares fall after NBC cancels showhttp://www.pennypayday.com/street-beat-articles-29/4274-ancestrycom-nasdaq-acom-shares-fall-after-nbc-cancels-show.aspxOrlando, FL 5/14/12 (StreetBeat) -- Ancestry.com (Nasdaq: ACOM) shares fell 18 percent on Monday after U.S. network NBC decided not to renew the company's TV show for a fourth season.

Ancestry.com sponsors the American version of the popular British series Who Do You Think You Are.

The show, based on the idea of tracing celebrities' family history through Ancestry.com's databases, has been considered a major driver of new subscriber additions for the website.

The company runs an online website which helps subscribers track family history. It had about 1.7 million subscribers at end of 2011.

Who Do You Think You Are, which has featured celebrities such as Steve Buscemi, Martin Sheen, Marisa Tomei and Lionel Richie, first premiered in 2010 in the U.S.

On Sunday, Ancestry.com said NBC will not renew the show for a fourth season.

The company's shares were down 16 percent at $22.11 in early trading on the Nasdaq.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Janice MeehanMon, 14 May 2012 14:28:33 GMThttp://www.pennypayday.com/street-beat-articles-29/4274-ancestrycom-nasdaq-acom-shares-fall-after-nbc-cancels-show.aspxMonday’s top gaining and declining stockshttp://www.pennypayday.com/street-beat-articles-29/4273-mondays-top-gaining-and-declining-stocks.aspxOrlando, FL 5/14/12 (StreetBeat) -- The following stocks were on the move in the U.S. premarket:

Gainers

Avon Products Inc. (NYSE: AVP +5.10%) shares rose 6% on Monday. The company said its board will consider Coty Inc.’s revised acquisition bid. The board, working in conjunction with management and financial and legal advisers, expects to render a decision “within a week,” Avon said Sunday.

Chesapeake Energy Corp. (NYSE: CHK +5.67%) shares rallied more than 9% as the most actively traded stock ahead of Wall Street’s opening bell. The Wall Street Journal reported that activist investor Carl Icahn is looking to buy a significant stake in the embattled company, citing people familiar with the matter.

Ventrus Biosciences Inc. (Nasdaq: VTUS +18.98%) shares jumped nearly 10%. The company said Phase III trials of its Diltiazem drug showed significant improvements over placebos.

Decliners

Shares of Simon Property Group Inc. (NYSE: SPG -0.46%) fell 6%.

InterOil Corp. shares (NYSE: IOC -17.74%) fell 5% in preopen trading. Dow Jones Newswires reported on Monday that a Papua New Guinea joint venture it is heading will be cancelled by the government after delays and design changes.

Baytex Energy Corp. (NYSE: BTE -3.46%) shares fell 6.3%. The pullback came in the wake of a company announcement that Tony Marino was leaving as chief executive. Analysts at TD Bank said the news came as a surprise and was unexpected.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Janice MeehanMon, 14 May 2012 14:16:37 GMThttp://www.pennypayday.com/street-beat-articles-29/4273-mondays-top-gaining-and-declining-stocks.aspxPark Sterling Bank to buy Citizens South (Nasdaq: CSBC)http://www.pennypayday.com/street-beat-articles-29/4272-park-sterling-bank-to-buy-citizens-south-nasdaq-csbc.aspxShawshank, VA 5/14/12 (StreetBeat) -- Park Sterling Corp. plans to acquire Gastonia-based Citizens South Bank (Nasdaq: CSBC) in a cash-and-stock deal valued at $77.8 million.

Park Sterling Corp. is the parent of Park Sterling Bank of Charlotte. The deal will marry the two largest community lenders in the Charlotte metro market, creating a $2.2 billion community bank franchise in Charlotte with a presence extending from the north Georgia mountains to Wilmington and Charleston, S.C.

After swallowing Citizens South, Park Sterling will have more than 40 retail branches in the Carolinas and northeast Georgia, in addition to commercial lending, mortgage and wealth-management units.

“Our proposed merger with Citizens South is the culmination of extensive due diligence and thoughtful discussions, which we expect to result in a strong business and cultural fit,” Jim Cherry, Park Sterling chief executive, said in a statement Monday morning. “We believe this transformational partnership will be positive for our shareholders, customers, employees and communities. Citizens South’s footprint is virtually a perfect fit with Park Sterling’s. In combination, we will be the largest community banking franchise in the very desirable Charlotte-Gastonia market. In addition, our combined footprint will extend through the attractive Upstate region of South Carolina, including the high growth Greenville-Spartanburg corridor, into North Georgia.”

The deal is expected to close in the fourth quarter, pending regulatory approvals. The proposal calls for Park Sterling to pay 30 percent of the acquisition in cash and 70 percent in stock.

Plans call for Citizens South CEO Kim Price to become vice chairman of Park Sterling’s board and will have a consulting role with the combined bank. Citizens South board member Ben Rudisill II also will join Park Sterling’s board of directors.

Speculation that Park Sterling would soon make a move on an acquisition has increased in recent weeks, following reports that Charlotte-based First Trust Bank had attracted some suitors. Some industry insiders said Park Sterling was among the banks kicking tires. And on May 1, Cherry told investors that merger-related talks in the bank’s pipeline had gained momentum.

But prospects of a Park Sterling-Citizens South deal had flown under the radar as officials kept the talks quiet.

“We remain active in seeking attractive partners who share our vision of creating a profitable, growing regional franchise, characterized by sound risk management, superior customer service and exceptional customer relationships,” Cherry said at the end of the first quarter.

Park Sterling was founded in 2006. The bank overhauled its management team in 2010 and raised $150 million in new capital via the sale of common stock. It announced plans to aggressively expand into new markets in the Carolinas and Virginia. Last year, it acquired Greenwood, S.C.-based Community Capital Corp., a community lender in Upstate South Carolina. The bank also has opened offices in Charleston, S.C., and Raleigh.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Andy DufraneMon, 14 May 2012 14:08:22 GMThttp://www.pennypayday.com/street-beat-articles-29/4272-park-sterling-bank-to-buy-citizens-south-nasdaq-csbc.aspxMaxygen (Nasdaq: MAXY) to Receive $30 Million Payment from Bayerhttp://www.pennypayday.com/street-beat-articles-29/4271-maxygen-nasdaq-maxy-to-receive-30-million-payment-from-bayer.aspxShawshank, VA 5/14/12 (StreetBeat) -- Maxygen, Inc. (Nasdaq:MAXY), a biopharmaceutical company, today announced that it will receive a $30.0 million payment from Bayer HealthCare LLC in connection with Bayer’s continued clinical development of a recombinant factor VIIaproduct candidate for the treatment of hemophilia.

Maxygen sold the recombinant factor VIIa product candidate (previously designated by Maxygen as MAXY-VII) to Bayer, together with its other hematology assets, in July 2008 for an upfront cash payment of $90.0 million. The additional $30.0 million contingent payment was based on the further clinical development of the factor VIIa product candidate by Bayer and was also subject to the satisfaction of certain patent related conditions, all of which have been satisfied. Maxygen is not eligible for any further payments from Bayer related to these assets.

“The receipt of the full payment from Bayer represents a significant milestone in our continuing efforts to maximize returns for our stockholders,” said James Sulat, Chief Executive Officer of Maxygen. “We congratulate our colleagues at Bayer for this achievement and are pleased to see a program originally developed by Maxygen continue in clinical development.”

At March 31, 2012, Maxygen held approximately $155.3 million in cash, cash equivalents and short-term investments. As of April 30, 2012, the company had 27,756,742 shares of common stock outstanding.

About Maxygen

Maxygen is a biotechnology company focused on the potential further development of its MAXY-G34 product candidate, a next-generation pegylated, granulocyte colony stimulating factor, or G-CSF, for the treatment of chemotherapy-induced neutropenia and acute radiation syndrome, or ARS. For more information, please visit the company’s website at www.maxygen.com.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Andy DufraneMon, 14 May 2012 13:58:35 GMThttp://www.pennypayday.com/street-beat-articles-29/4271-maxygen-nasdaq-maxy-to-receive-30-million-payment-from-bayer.aspxBMC Software (Nasdaq: BMC) rebuffs Elliott with poison pillhttp://www.pennypayday.com/street-beat-articles-29/4270-bmc-software-nasdaq-bmc-rebuffs-elliott-with-poison-pill.aspxShawshank,VA 5/14/12 (StreetBeat) -- BMC Software Inc (Nasdsaq: BMC) adopted a shareholder rights plan to help stave off a potential acquisition, after hedge fund group Elliott called for a sale of the company and told the business software maker it acquired a more than 5 percent stake.

Elliott Associates LP and Elliott International LP, which together hold the stake, plan to nominate a five-member slate to its board, BMC said on Monday.

New York-based Elliott, an activist hedge fund, often urges companies to sell themselves and sometimes starts proxy fights to elect its own representative to the board.

BMC - which makes software for storage management, database performance and data recovery - adopted a poison pill with a 10 percent trigger, giving one right to each outstanding share and will expire on May 11, 2013, unless renewed.

Shares of BMC Software, which have lost nearly a quarter of their value in the past year, were up 4 percent at $41.96 in premarket trading. They closed at $40.40 on Friday on the Nasdaq.

Dodge & Cox, Columbia Management Investment Advisers LLC, Vanguard Group Inc and BlackRock Institutional Trust Co also hold at least 5 percent each in BMC.

BMC's board rejected Elliott's proposal to sell the company and said it was not in the best interest of the stockholders, the company said in a statement on Monday.

Morgan Stanley is the financial adviser and Wachtell, Lipton, Rosen & Katz is the legal counsel to BMC.

BMC, which offers software and cloud platforms that help businesses cut costs by allocating resources better, is valued at $6.5 billion.

Last week it posted a 21 percent increase in revenue from professional services, and its bookings in cloud-related licensing rose.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Andy DufraneMon, 14 May 2012 13:50:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4270-bmc-software-nasdaq-bmc-rebuffs-elliott-with-poison-pill.aspxGolf Town to buy Golfsmith (Nasdaq: GOLF) for about $96.5Mhttp://www.pennypayday.com/street-beat-articles-29/4269-golf-town-to-buy-golfsmith-nasdaq-golf-for-about-965m.aspxAtlanta, GA 5/14/12 (StreetBeat) -- Golf Town will buy Golfsmith International Holdings Inc. (Nasdaq: GOLF) for about $96.5 million, the Canadian retailer said Monday, more than doubling its store base and significantly expanding its presence in the United States.

Under the terms of the agreement, the Toronto company will pay $6.10 per share in cash. The offer represents a 30 percent premium over the Austin, Texas, company's Friday closing stock price of $4.71.

Based on Golfsmith's outstanding shares of approximately 15.8 million, the deal is worth about $96.5 million in all.

The sale, if approved by regulators, is expected to close in the third quarter.

Golf Town is owned by Omers Private Equity and operates 54 stores across Canada and seven stores around the Boston area.

Golfsmith sells equipment, clothing and accessories at 85 stores across the United States, as well as through its website and an assortment of catalogues.

It was not clear Monday under which name that the stores included in the deal will operate.

The boards of both companies have approved the sale, along with key Golfsmith shareholders that collectively hold the majority of its shares. As a result, the deal is not subject to further shareholder approval, the companies said.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Bob BenderMon, 14 May 2012 13:39:28 GMThttp://www.pennypayday.com/street-beat-articles-29/4269-golf-town-to-buy-golfsmith-nasdaq-golf-for-about-965m.aspxJP Morgan (NYSE:JPM): The Re-Education of Inahttp://www.pennypayday.com/street-beat-articles-29/4268-jp-morgan-nysejpm-the-re-education-of-ina.aspx
Northern,WI  5/14/2012 (TradersCorner)  --  JP Morgan (NYSE:JPM): The Re-Education of Ina: Many Wall Street Veterans have taken this path at some point in their careers, it comes with the volatile territory they ply...and Ina Drew .....Head Risk Honcho.... at JPM is no different then the countless number of Wall St Exec's who have climbed the mountain and literally fell down the backside in their careers. Unfortunately for Ina ALL of Wall St is watching and they can't sweep 3B+ under the carpet while the hubris of her boss works against her.  I fully expect Jamie Dimon to lose his job.

I'm sure the guys at Enron had the same sinking feelings when they became the flashpoint for the broken power markets and the world was embroiled when it was determined the hand they played in this and no doubt Ina will suffer for the rest of her life...but not before she retires on the 30+ Million she took home from JP coffers over the years. 

Ina...just retire...go hang at the gym..move to a tropical island, trade your own money!!  But they never do they always (like an aging relief pitcher) try and come back and save one more game.  It is the downside of the trading addiction.  I suggest you just ride off into the sunset - turn off any media- and get out of the spotlight fast.  Take a hint from Mary Meeker who was near career suicide at Morgan Stanley, or Henry Blodgett who now is an Internet Talk Show Host...I suggest you lay low until Congress decides if they will change the rules of the game for all other traders.  Thx Ina for coming in today !!!

The Education of Ina is not about Ina...it is about the risks associated with New Milenium Capitalism and the zero latency trading tools available to us.  Long Term Capital nearly took down the Markets in the late 90's because they had oversized positions in everything and too much leverage extended them in exchange for commissions. 

Wall Street is synonymous with Free Markets and you cannot possibly regulate them effectively..many will try, but in the end it's just not possible to - some smart little geek is always figuring out ways around whatever regulators design.

It's just another day on Wall Street...take it for what it is...unless your The Re-Education of Ina.

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]]>Steve KanavalMon, 14 May 2012 13:34:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4268-jp-morgan-nysejpm-the-re-education-of-ina.aspxFACEBOOK IPO: Biggest Risks and Opportunitieshttp://www.pennypayday.com/street-beat-articles-29/4267-facebook-ipo-biggest-risks-and-opportunities.aspxAtlanta, GA 5/14/12 (StreetBeat) --



Facebook's (FB) IPO should finally price this week (the target date is Friday). The offering is already more eagerly awaited than any in history, and most investors feel compelled to take a look at it.

With this in mind, here are the basic bull and bear cases.

On the bull side, Facebook's growth over the past 8 years has been nothing short of staggering. What started as a dorm-room coding project has now grown into a service used by 1/8th of the world's population. If Facebook's user growth continues, and there's no reason to think that it won't, Facebook will probably have 2-3 billion users in a few years.

The business is also off to an excellent start. Facebook only began focusing in earnest on the business side three years ago, and it has now amassed $4 billion of revenue and $1 billion of profit. The company's operating margin is extraordinary--50%--because it doesn't have any content production costs (the users do all the work). Given how central Facebook has become to many users' lives, many people think that Facebook will ultimately be bigger than Google (Nasdaq: GOOG), which currently has $40 billion of revenue.

Bullish analysts think Facebook will have $20 billion of revenue in 3-4 years and $2+ of earnings per share. If you believe that, the stock is probably a good buy at the IPO price (assuming the price is under $100 billion).

But then there are the negatives, which are also worth thinking about.

First, the company's valuation is already very rich. Everyone in the world knows about Facebook's huge opportunity, and if the IPO prices at $100 billion, the stock will already be trading at ~40X 2013 estimated earnings. This compares to Apple (Nasdaq: AAPL), the hottest company in the world, trading at less than 15X earnings. Apple, meanwhile, is still growing faster than Facebook.

Second, Facebook is classic "muppet bait." It's hard to imagine an offering that has been more widely anticipated and hyped, so the chance that you have an "edge" is tiny. (See also: Facebook Is "Muppet Bait")

Third, Facebook's growth is decelerating, and its profit margins have probably peaked. Until growth reaccelerates, it's hard to see how the stock will sustain a major upward move, especially at the expected trading price (over $100 billion)

Fourth, the rapid growth of mobile represents a major change in usage patterns and a possible threat: Facebook is unlikely to be able to generate as much revenue per user from mobile as it does from the web, and the world really is going mobile. (Facebook actually just cited this in its latest IPO filing amendment).

Lastly, to his credit, CEO Mark Zuckerberg has made clear that he is willing to sacrifice short-term performance to build his long-term mission. He has also said, amazingly clearly, that Facebook's social mission is more important to him than its business. That is a three-alarm klaxon warning short-term investors away from the stock. Even if Facebook is as successful at building its vison as the similarly long-term focused Amazon was, there were many, many years in which Amazon (Nasdaq: AMZN) was a lousy investment.

The bottom line is that, as always, price matters. At $100 billion, Facebook will be valued at about half of Google's valuation, despite having only 1/10th the revenue. That means that Facebook's future will have to be really spectacular to give investors a great return from here.

The one the investors should not do is confuse familiarity with Facebook's service with the stock being a good buy.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Bob BenderMon, 14 May 2012 13:31:30 GMThttp://www.pennypayday.com/street-beat-articles-29/4267-facebook-ipo-biggest-risks-and-opportunities.aspx3 Things to Know Before Tradinghttp://www.pennypayday.com/street-beat-articles-29/4266-3-things-to-know-before-trading.aspxAtlanta, GA 5/14/12 (StreetBeat) -- Stocks were mostly weak in Asian trade. The Hang Seng was among the worst with a decline of 1.1%, and Shanghai fell 0.6%. But the Nikkei and Australia both went against the crowd with gains of a quarter percent. European indexes are on the defensive this morning, with the Dax and Footsie both off by two percent, but Greece is off by almost six percent and Spain is down about three percent. US stock futures are down by three quarters of a percent as I write.

*Greek talks between the leaders of the political parties and the country’s President Karolos Papoulias do not appear to have made progress over the weekend and will continue today. The possibility that Greece is going to leave the euro zone looms over the talks; in regards to this the rating agency Fitch says that, among other problems, the threat of a euro exit by Greece has the worst implications for Iberian and Italian corporate debt, which would likely see significant downgrades.

*German state election results in North Rhine Westphalia went against Chancellor Merkel in a big way. Her party, the CDU, suffered its worst post war defeat in the country’s largest state (almost a quarter of the population); the CDU took only 26.3% of the vote, which was down eight points from the previous election there and thirteen points in back of the front running Social Democrats on Sunday. Merkel had campaigned in the state in nine of the last twenty-seven days, but was soundly beaten for the second week in a row in state elections; the result in Schleswig-Hostein last week was the worst for her party in fifty years in that state. National elections are not set to be held until next year, but clearly Merkel is weakened; she says however that the election results will not impact her Euro policies.

*Italian debt sales are said to be relatively successful; they sold all of the paper they wanted to with maturities out to 2025, but the rates were high and Italian debt is joining other peripherals with rates that are even higher in the post auction trade; Spain 10 Year yields for instance are out thirty basis points on the day at 6.26%. Not going higher is the German Bund which set a new record low this morning at just below 1.44%.

*The April reading of Germany’s Wholesale Price Index is +0.5% on a month on month basis; it was +0.9% in March.

*The April reading of Switzerland’s Producer and Import Prices was down 0.1% on the month and -2.3% on a year on year basis; the annualized rate has been negative for the last twelve months.

*The Fed is scheduled to buy Treasuries today that are due to mature between 5/15/18 and 2/15/20; the results of the operation will be announced just after 10:00am CDT.

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]]>Bob BenderMon, 14 May 2012 13:13:47 GMThttp://www.pennypayday.com/street-beat-articles-29/4266-3-things-to-know-before-trading.aspxMinerco Resources (Pinksheets: MINE) in Negotiations for Sale of Sayab Wind Project and Iscan Hydro-Electric Projecthttp://www.pennypayday.com/street-beat-articles-29/4265-minerco-resources-pinksheets-mine-in-negotiations-for-sale-of-sayab-wind-project-and-iscan-hydro-electric-project.aspxNorthern, WI 5/11/12 (StreetBeat) -- Minerco Resources, Inc. (Pinksheets: MINE), a progressive developer, producer and provider of clean, renewable energy solutions in Latin America, releases a business update for its Sayab Wind Project and Iscan Hydro-Electric Project in Honduras, Central America.

Minerco is in negotiations for the sale of its Sayab Wind Project and Iscan Hydro-Electric Project. The company intends to divest of these assets and focus its resources on the Chiligatoro Hydro-Electric Project and in traditional energy, such as oil and gas, production and development within the US. As previously stated, the properties we are currently evaluating have an estimated 30% annual return with initial capital expenditures between $50 and $100 thousand.

"We are very excited about the potential of selling our rights to the Sayab and Iscan projects which would allow us to focus on our Chiligatoro project and investment opportunities in the traditional energy markets," said V. Scott Vanis, Minerco's President and CEO.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Bob BenderFri, 11 May 2012 15:05:09 GMThttp://www.pennypayday.com/street-beat-articles-29/4265-minerco-resources-pinksheets-mine-in-negotiations-for-sale-of-sayab-wind-project-and-iscan-hydro-electric-project.aspxOmniComm Systems, Inc. (OTCBB: OMCM) Continues Trend of Positive EBITDAhttp://www.pennypayday.com/street-beat-articles-29/4264-omnicomm-systems-inc-otcbb-omcm-continues-trend-of-positive-ebitda.aspxNorthern, WI 5/11/12 (StreetBeat) -- OmniComm Systems, Inc. (OTCBB: OMCM), one of the fastest growing companies in the Electronic Data Capture (EDC) marketplace, today announced its results of operations for the quarter ended March 31, 2012.

Revenue for the quarter ended March 31, 2012 totaled $3.8M, a 14% increase over the results for the first quarter of 2011 and a 5% improvement over Q4 2011. "The Q1 results demonstrate our continued ability to grow our revenue year-over-year," remarked Stephen Johnson, President and Chief Operating Officer. "We expect this trend to continue over the remainder of 2012. As the economy improves, we expect to see an increased demand for our TrialMaster®, TrialOne® and eClinical Suite software solutions from both existing and new clients."

For the quarter ended March 31, 2012, the company reported positive EBITDA of $53,772 which represents a 147% improvement over the Q1 2011 EBITDA of $(114,865). "The EBITDA improvement is the result of our ability to grow our revenue while maintaining our cost structure in line with our revenue," commented Ronald Linares, Executive Vice President and Chief Financial Officer.

"Our performance in Q1 2012 continues to build on our success in 2011, the best year in the company's history," stated Cornelis F. Wit, CEO. "The entire company is dedicated to providing exceptional products and services to our clients. Over the past 18 months we have expanded the capabilities of our product offerings and successfully attracted and retained the talented employees that will allow us to continue to provide innovative EDC solutions to the marketplace."

About OmniComm

OmniComm Systems, Inc. (www.OmniComm.com) provides customer-driven Internet solutions to pharmaceutical, biotechnology, research and medical device organizations that conduct life changing clinical trial research. OmniComm's growing base of satisfied customers is a direct result of the company's commitment to deliver products and services that ensure ease of use, faster study build, ease of integration and better performance. OmniComm Systems, Inc. has U.S. headquarters in Fort Lauderdale, FL and European headquarters in Bonn, Germany, with satellite offices in New Jersey and the United Kingdom, as well as sales offices throughout the U.S. and Europe.

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]]>Steve KanavalFri, 11 May 2012 14:55:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4264-omnicomm-systems-inc-otcbb-omcm-continues-trend-of-positive-ebitda.aspxTowerstream (Nasdaq: TWER) Sags On Deeper Q1 Losshttp://www.pennypayday.com/street-beat-articles-29/4263-towerstream-nasdaq-twer-sags-on-deeper-q1-loss.aspxNorthern, WI 5/11/12 (StreetBeat) -- Shares of public WiFi provider Towerstream (Nasdaq: TWER) are down a penny, or 0.2%, at $4.35 in late trading after the company this afternoon reported Q1 revenue rose 31%, year over year, to $7.8 million, yielding a net loss per share of 8 cents, double the year-earlier loss.

The stock is followed by only a handful of analysts. The revenue figure beat the average $7.7 million estimate, but the net loss was deeper than the 5-cent loss those analysts were expecting.

For the current quarter, the company sees revenue in a range of $8 million to $8.1 million, while Ebitda is expected in a range of $1.3 million to $1.5 million, the same as last quarter’s $1.4 million.

CEO Jeff Thompson remarked that the company is expanding investment in its WiFi offloadprogram “based on strong interest in these services in major urban areas.”

Customer count rose 24%, year over year, to 3,600, the company said.

The company said its average revenue per user (ARPU) of new customers fell 2% from the year-earlier period, while overall ARPU was up 3%. Churn rate was roughly similar to a year earlier, at 1.58% versus 1.56%, and was within the company’s expected range.

Although sales and marketing expenses rose only 7%, year over year, the company said, on higher payroll costs, Towerstream’s depreciation cost rose 68%, as its base of depreciable assets rose 62%, a reflection of “continued growth in the core business as well as spending on the Wi-Fi network.”

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]]>Steve KanavalFri, 11 May 2012 14:46:43 GMThttp://www.pennypayday.com/street-beat-articles-29/4263-towerstream-nasdaq-twer-sags-on-deeper-q1-loss.aspxNvidia (Nasdaq: NVDA) Up 7% on FYQ1 Beat; ‘Got Any 28-Nano Wafers?’http://www.pennypayday.com/street-beat-articles-29/4262-nvidia-nasdaq-nvda-up-7-on-fyq1-beat-got-any-28-nano-wafers.aspxShawshank, VA 5/11/12 (StreetBeat) -- Shares of chip maker Nvidia (Nasdaq: NVDA) are up $1.23 cents, or almost 10%, at $13.65 in early trading after the company this morning reported fiscal Q1 revenue and profit per share that topped analysts’ expectations and forecast the current quarter higher as well.

Revenue in the three months ended in April fell to $924.9 million, yielding EPS of 16 cents, excluding some costs.

Analysts had been modeling $916 million and 15 cents, according to FactSet.

Gross margin fell quarter over quarter to 50.4% from 52.5% in Q4.

For the current quarter, the company forecast $990 million to $1.05 billion in revenue, better than the $976 million analysts’ have been modeling. Gross margin is expected to rise to 51.5%.

CEO Jen-Hsun Huang remarked that the company’s business in mobile phones and tablets, its “Tegra” processor line, was “on a growth track again,” and that its “Kepler” graphics processors were “accelerating our business.”

A further dissection of the results is available in the commentary produced by CFO Karen Burns.

Nvidia’s “consumer graphics” revenue was down almost 7%, quarter over quarter, as the company said demand for the Kepler processors outstripped supply, and that revenue in notebook computer graphic, while still a record, was contained by limits in the supply of chips with 28-nanometer features at Taiwan Semiconductor (NYSE: TSM), Nvidia’s manufacturing supplier.

So-called professional solutions revenue was down 4.2% from Q4′s level, which the company said was typical seasonality. Revenue from the consumer products business rose almost 21%, quarter to quarter, largely because of sales of Tegra, which appeared in new smartphonessuch as HTC‘s (2498TW) “OneX.”

Nvidia’s conference call is currently ongoing, having begun at 8 am this morning.

Update: During a phone call following the company’s conference call, Huang was kind enough to take a couple questions. Sounding upbeat and enthusiastic, Huang opened with the quip “got any 28-nanometer wafers?”

Despite the constraint on supply of those chips at TSM, Huang said the manufacturer is “knocking it out of the park,” in his view, shipping many more 28-nanometer parts than it shipped at the comparable period in the evolution of TSM’s 40-nanometer node.

For Tegra, Nvidia’s using TSM’s 40-nanometer node, specially tweaked in a form called “LPG.” That process is not supply constrained. Huang said he expects Nvidia will move to using a 28-nanometer process for Tegra later this year, when supply will likely be less constrained.

As for the year outlook, Nvidia did not provide an update on the call. You’ll recall that in September of last year, Huang told the Street the company could increase revenue to a range of $4.7 billion to $5 billion in 2013. In Q4, however, the company said it no longer stood by that view, owning in part to the massive disruption of the PC supply chain as a result of the damage to disk-drive production in Thailand.

I asked Huang when he would return to providing a year outlook. His first answer was “when it’s useful to do so.” His second answer was, “Well, we’re supply-constrained. I mean, go ask TSM!” Bottom line, no year forecast at this point.

I also asked Huang about the company’s plans for integrated baseband processors using the “long-term evolution,” or LTE, standard for phones and tablets. Huang mentioned on the call that Tegra will ship with integrated baseband capabilities next year.

When I asked Huang how he saw that LTE battle shaping up, and how the company will be competitive with basebands from, for example, Qualcomm (Nasdaq: QCOM), he remarked, “Nobody in the world has Tegra and so long as we think we can add value in building processors, and we have the imagination to do something really cool, out integrated processor will be the only Tegra with integrated baseband.”

Nvidia shares are now up 93 cents, or over 7%, at $13.34.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Andy DufraneFri, 11 May 2012 14:22:32 GMThttp://www.pennypayday.com/street-beat-articles-29/4262-nvidia-nasdaq-nvda-up-7-on-fyq1-beat-got-any-28-nano-wafers.aspxCovington Investments offers to buy Advocat (Nasdaq: AVCA) for $50 mlnhttp://www.pennypayday.com/street-beat-articles-29/4261-covington-investments-offers-to-buy-advocat-nasdaq-avca-for-50-mln.aspxShawshank, VA 5/11/12 (StreetBeat) -- Covington Investments LLC made public an offer to acquire Advocat Inc (Nasdaq: AVCA) in a deal valued at $50 million, after the healthcare services provider declined to discuss its proposal.

Covington, which already owns about 12 percent of Advocat, offered $8.50 per share, a premium of 96 percent to Advocat's Thursday close.

The $50 million valuation is based on the 5.88 million shares that Advocat had as of April 30.

"We were surprised and disappointed that Advocat's Board of Directors has shown no interest in a discussion to explore our acquisition proposal," said Covington, whose units provide skilled nursing and assisted living services.

Covington said it remained interested in pursuing discussions "in a mutually agreeable and negotiated manner if possible."

Advocat shares were up 71 percent at $7.43 on Friday morning on the Nasdaq.

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]]>Andy DufraneFri, 11 May 2012 14:16:09 GMThttp://www.pennypayday.com/street-beat-articles-29/4261-covington-investments-offers-to-buy-advocat-nasdaq-avca-for-50-mln.aspxDiet Pill Maker Arena Pharmaceuticals (Nasdaq: ARNA) Wins Backing of FDA Advisershttp://www.pennypayday.com/street-beat-articles-29/4260-diet-pill-maker-arena-pharmaceuticals-nasdaq-arna-wins-backing-of-fda-advisers.aspxOrlando, FL 5/11/12 (StreetBeat) -- In a stunning turn of events in less than two years, diet pill maker Arena Pharmaceuticals (Nasdaq: ARNA) won the backing of a panel of government advisers to sell what may be the first new weight-loss treatment in the US in more than a decade. The company’s shares rose 80% in early trading Friday after advisers voted 18-4 in favor of approving Arena’s drug, lorcaserin.

Arena is the second company to win such an endorsement for a diet drug this year after Vivus (Nasdaq: VVUS) was recommended by Food and Drug Administration advisers in February. The FDA delayed a decision on Vivus’ Qnexa, moving a potential approval date later than one set for Arena. If the FDA doesn’t adjust its dates, it will decide on Arena’s drug, lorcaserin, by June 27, and on Vivus’ Qnexa by July 17.

After a pair of overwhelmingly positive panel recommendations from advisers, it’s beginning to look like there may be two near-term approvals for diet drugs. That seemed unthinkable a little more than a year ago after Orexigen Therapeutics (Nasdaq: OREX) followed Arena and Vivus in being rejected by the US agency because of safety concerns.

Shares of Arena rose to $6.59 in morning trading. Vivus was up 4% to $23.57 and Orexigen, which is the farthest away from any potential approval, jumped 7% to $3.57.

Safety has been the killer for these new diet pills. The FDA is very cautious about approving another product that could pose health risks to people taking them. Abbott Laboratories (NYSE: ABT) withdrew its drug Meridia from the market in 2010 after fears of heart attack and stroke. The drug cocktail fen phen was withdrawn from the market in 1997 after evidence of heart valve damage. Those drugs were sold by American Home Products, which was later renamed Wyeth and is now part of Pfizer (NYSE: PFE).

In April, Vivus said the FDA was extending its deadline for an approval ruling on Qnexa because the agency needed more time to review a company plan on mitigating risks for patients. Arena, which is partnered with Japanese drug maker Eisai to sell lorcaserin, has responded to FDA worries about safety, including heart valve problems. However, Arena hasn’t yet discussed a risk plan -- a so-called a risk evaluation and mitigation strategy -- or a post-approval safety study with the FDA, company executives said on a conference call Friday. Eisai would pay 90% of any post-approval safety analysis. No decision has been made yet on a price for the pill.

Arena, Vivus and Orexigen argue that obesity is an epidemic in the US, leading to health problems such as heart disease, diabetes and other conditions.

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]]>Janice MeehanFri, 11 May 2012 14:10:38 GMThttp://www.pennypayday.com/street-beat-articles-29/4260-diet-pill-maker-arena-pharmaceuticals-nasdaq-arna-wins-backing-of-fda-advisers.aspxAT&T (NYSE: T) Reportedly Held Talks To Buy Leap Wireless (Nasdaq: LEAP)http://www.pennypayday.com/street-beat-articles-29/4259-att-nyse-t-reportedly-held-talks-to-buy-leap-wireless-nasdaq-leap.aspxOrlando, FL 5/11/12 (StreetBeat) -- AT&T (NYSE: T) in recent months held talks about acquiring pre-paid wireless operator Leap Wireless (Nasdaq: LEAP), Reuters reports, citing “people familiar with the matter.” The news follows this week’s report that T-Mobile has been holding discussions about a combination with Leap rival MetroPCS (NYSE: PCS).

The story asserts that Leap hired bankers for advice on a possible deal, but adds that “Reuters could not learn whether those discussions are still ongoing.” Note that in February there were reports that Sprint came close to reaching a deal to acquire MetroPCS.

AT&T and Leap Wireless declined to comment.

On the report, Leap shares this morning have, well, leaped 31 cents, or 5.8%, to $5.67. MetroPCS is up 12 cents, or 1.7%, to $7.18.

AT&T shares are up 22 cents, or 0.7%, to $33.35.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Janice MeehanFri, 11 May 2012 14:02:42 GMThttp://www.pennypayday.com/street-beat-articles-29/4259-att-nyse-t-reportedly-held-talks-to-buy-leap-wireless-nasdaq-leap.aspxSanta Fe Gold (OTCBB: SFEG) Reports Strong Operating Results for March 2012 Quarterhttp://www.pennypayday.com/street-beat-articles-29/4258-santa-fe-gold-otcbb-sfeg-reports-strong-operating-results-for-march-2012-quarter.aspxOrlando, FL 5/11/12 (StreetBeat) -- Santa Fe Gold Corp. (OTCBB: SFEG) is pleased to announce the financial results for the three and nine months ended March 31, 2012. Santa Fe reported record revenues of $8.1 million for the nine months ended March 31, representing a 97% increase over the same period of the prior fiscal year. The Company’s earnings from mining operations also grew significantly over the period to $3.9 million, a 110% increase over the comparable nine month period in 2011. Revenues for the three months ended March 31, 2012 increased by 27% to a record $3.7 million, while earnings from mining operations increased by 59% to $2.1 million. The full version of the financial statements and management's discussion and analysis are available in the Company’s Form 10-Q filed with the SEC and available atwww.sec.gov.

“We continue to increase production at our Summit silver-gold mine in New Mexico and recently announced commercial production effective the current quarter,” said Pierce Carson, CEO of Santa Fe. “Our record breaking third quarter is indicative of the Company’s commitment to achieve its objectives for fiscal 2012. We look forward to fiscal 2013 as an established and growing producer of silver and gold with even stronger operating results.”

2012 Third Quarter Highlights
• 110% increase in revenue to a record $3.7 million for the three months ended March 31, 2012.
• 59% increase in earnings from mining operations to $2.1 million for the three months ended March 31, 2012.
• 1,879% increase in EBITDA to $248,120 for the three months ended March 31, 2012.
• 97% increase in revenue to a record $8.1 million for the nine months ended March 31, 2012.
• 110% increase in earnings from mining operations to $3.9 million for the nine months ended March 31, 2012.

About Santa Fe Gold:

Santa Fe Gold is a U.S.-based mining and exploration enterprise focused on acquiring and developing gold, silver, copper and industrial mineral properties. Santa Fe controls: (i) the Summit mine and Lordsburg mill in southwestern New Mexico, which began processing operations in 2010; (ii) a substantial land position near the Lordsburg mill, comprising the core of the Lordsburg Mining District; (iii) the Ortiz gold property in north-central New Mexico; (iv) the Black Canyon mica deposit and processing equipment near Phoenix, Arizona; and (v) a deposit of micaceous iron oxide (MIO) in western Arizona. Santa Fe Gold intends to build a portfolio of high-quality, diversified mineral assets with an emphasis on precious metals.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Janice MeehanFri, 11 May 2012 13:46:47 GMThttp://www.pennypayday.com/street-beat-articles-29/4258-santa-fe-gold-otcbb-sfeg-reports-strong-operating-results-for-march-2012-quarter.aspxBank stocks hurt after surprise $2B JPMorgan (NYSE: JPM) losshttp://www.pennypayday.com/street-beat-articles-29/4257-bank-stocks-hurt-after-surprise-2b-jpmorgan-nyse-jpm-loss.aspxPalm Beach, FL 5/11/12 (StreetBeat) -- Bank stocks were hammered in Britain and the United States on Friday, partly because of fear that a surprise $2 billion trading loss by JPMorgan Chase (NYSE: JPM) would lead to tougher regulation of financial institutions.

In Britain, shares of Barclays and Royal Bank of Scotland were down more than 2 percent. American banks were poised to open sharply lower later in the morning.

JPMorgan stock was the hardest hit, with shares down almost 9 percent in premarket trading after the bank's revealed the loss in a trading portfolio designed to hedge against risks the company takes with its own money.

British stock analysts said that bank stocks were hurt mostly because of regulatory fear, not because there was reason to believe other banks would discover similar losses.

"Based on the limited information available, it's attributed to egregious error within JPMorgan, so there is no reason to read across that specific loss to any other bank," said Ian Gordon, analyst at Investec Securities.

Jordan Lambert, a trader at Spreadex in London, said the market reaction was understandable.

"When such shocks occur, it is wise to err on the side of caution and consider whether it is a possible tip-of-the-iceberg scenario, especially when one contemplates the interconnectedness of the banking system," he said.

The trading loss was an embarrassment for JPMorgan, which came through the 2008 financial crisis in much better health than its peers. It kept clear of risky investments that hurt many other banks.

The loss came in a portfolio of the complex financial instruments known as derivatives, and in a division of JPMorgan designed to help control its exposure to risk in the financial markets and invest excess money in its corporate treasury.

"The portfolio has proved to be riskier, more volatile and less effective as an economic hedge than we thought," CEO Jamie Dimon told reporters on Thursday. "There were many errors, sloppiness and bad judgment."

Bloomberg News reported in April that a single JPMorgan trader in London, known in the bond market as "the London whale," was making such large trades that he was moving prices in the $10 trillion market.

Dimon said the losses were "somewhat related" to that story, but seemed to suggest that the problem was broader. Dimon also said the company had "acted too defensively," and should have looked into the division more closely.

The Wall Street Journal reported last month that JPMorgan had invested heavily in an index of credit-default swaps, insurance-like products that protect against default by bond issuers.

Hedge funds were betting that the index would lose value, forcing JPMorgan to sell investments at a loss. The losses came in part because financial markets have been far more volatile since the end of March.

Partly because of the $2 billion trading loss, JPMorgan said it expects a loss of $800 million this quarter for a segment of its business known as corporate and private equity. It had planned on a profit for the segment of $200 million.

The loss is expected to hurt JPMorgan's overall earnings for the second quarter, which ends June 30. Dimon apologized for the losses, which he said occurred since the first quarter, which ended March 31.

"We will admit it, we will learn from it, we will fix it, and we will move on," he said. Dimon spoke in a hastily scheduled conference call with stock analysts. Reporters were allowed to listen.

JPMorgan is trying to unload the portfolio in question in a "responsible" manner, Dimon said, to minimize the cost to its shareholders. Analysts said more losses were possible depending on market conditions.

Dimon said the type of trading that led to the $2 billion loss would not be banned by the so-called Volcker rule, which takes effect this summer and will ban certain types of trading by banks with their own money.

The Federal Reserve said last month that it would begin enforcing that rule in July 2014.

Some analysts were skeptical that the investments were designed to protect against JPMorgan's own losses. They said the bank appeared to have been betting for its own benefit, a practice known as "proprietary trading."

Bank executives, including Dimon, have argued for weaker rules and broader exemptions.

JPMorgan has been a strong critic of several provisions that would have made this loss less likely, said Michael Greenberger, former enforcement director of the Commodity Futures Trading Commission, which regulates many types of derivatives.

"These instruments are not regularly and efficiently priced, and a company can wake up one day, as AIG did in 2008, and find out they're in a terrific hole. It can just blow up overnight," said Greenberger, a professor at the University of Maryland.

The disclosure quickly led to intensified calls for a heavier-handed approach by regulators to monitoring banks' trading activity.

"The enormous loss JP Morgan announced today is just the latest evidence that what banks call 'hedges' are often risky bets that so-called 'too big to fail' banks have no business making," said Sen. Carl Levin, D-Mich.

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]]>Ashley MontgomeryFri, 11 May 2012 13:38:23 GMThttp://www.pennypayday.com/street-beat-articles-29/4257-bank-stocks-hurt-after-surprise-2b-jpmorgan-nyse-jpm-loss.aspxBitzio, Inc. (OTCBB: BTZO) Surpasses 40 Million App Downloads & Launches Beta App Promotion Toolhttp://www.pennypayday.com/street-beat-articles-29/4256-bitzio-inc-otcbb-btzo-surpasses-40-million-app-downloads-launches-beta-app-promotion-tool.aspxPalm Beach, FL 5/11/12 (StreetBeat) -- Bitzio, Inc. (OTCBB: BTZO), a leader in mobile games, media, and the gamification of mobile apps, today announced they have surpassed 40 million app downloads and launched the beta version of its app promotion exchange, "App Wall".

App Wall, simply explained, is a technology embedded within a mobile app to display additional apps, likely to be of interest to the user. For app developers, it offers a way to avoid being lost in the sea of apps with little marketing effort on their part. They simply integrate App Wall and, for every app they show, a credit is earned for a shared ad in the Bitzio network. For Bitzio, it adds a powerful behavior analytics component to measure user conversions, experience and other decision metrics.

"Growing the Bitzio nation to over 40 million downloads is a key milestone for us. We have actively tuned into the user and conversion data collected within our app network from these 40 million downloads, which has led us to a clear vision for Bitzio. We have the team and assets to become a powerful behavior analytics company through the platform of mobile apps. App Wall is an important component of our expansion into behavioral data, which we plan to leverage initially within our super app properties," commented William Schonbrun, President and CEO of Bitzio.

With a combined download of 14 million, two of Bitzio's super apps are PiciBooth and Convert Units Free HD. PiciBooth, similar to Instagram, lets users take pictures and choose from a variety of different backgrounds and cool effects to give each photostrip that "photobooth" feel. Convert Units Free HD, ranked for three years running in the Top 100 Free in Utilities, converts complicated metrics such as speed, volume and force. These two legacy apps from the Bitzio nation will have App Wall technology integration within the next 30 days.

Schonbrun continued, "There is an immense amount of user data flowing through the mobile world and as it continues to explode, understanding, engaging and tracking user experiences has become a necessity in the marketing formula. Companies and app developers need a way to gain exposure for their products and increase conversions. Using data to analyze user behaviors becomes invaluable to increase those conversions. App Wall is just one way Bitzio will be able to drive effective user acquisition, engagement, retention, and monetization. App Wall enables us to act on real-time data insights that positively affect user conversions into revenue."

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Ashley MontgomeryFri, 11 May 2012 13:29:20 GMThttp://www.pennypayday.com/street-beat-articles-29/4256-bitzio-inc-otcbb-btzo-surpasses-40-million-app-downloads-launches-beta-app-promotion-tool.aspx3 Things to Know Before Tradinghttp://www.pennypayday.com/street-beat-articles-29/4255-3-things-to-know-before-trading.aspxPalm Beach, FL 5/11/12 (StreetBeat) -- Stocks were broadly lower in Asian trade. The Hang Seng was among the worst with a decline of 1.3%, both Shanghai and the Nikkei fell two thirds of a percent, and Australia was off by a quarter percent. European indexes are also weak this morning with the Dax and Footsie both lower by about 0.4%. US stock futures are down about a half percent or so as I write.

*A lot of April data was released in China overnight, including: the Consumer Price Index matched the forecast at 3.4% year on year: the Producer Price Index was down 0.7% in the last year, two tenth more of a decline than expected; Industrial Production rose 11.0% year on year, or seven tenths less than the estimate; and Retail Sales were up “only” 14.1% year on year, one percent less than expected.

*The European Commission’s Economic Growth forecast maintains the expectation for a euro area GDP contraction of 0.3% in 2012. Among the other forecasts is that they see Spain’s budget deficit at 6.4% this year and 6.3% next year; missing the 5.3% target that had been set for 2012. Spain’s PM Rajoy is expected to announce the details of a plan to save his country’s banking system today; timing not clear.

*The final April reading of Germany’s Consumer Price Index, EU harmonized basis, was revised down one tenth to +0.1% month on month, but was steady at 2.2% year on year.

*The April reading of the UK Producer Price Index was +0.7% month on month, at the factory gate; this was three tenths greater increase than expected.

*JP Morgan reported yesterday afternoon that an attempt to hedge its portfolio went wrong, $2 billion, or so, wrong; and says Jamie Dimon it could go further wrong for a time, maybe another billion or so. This news (said by Dimon to be the result of poor modeling, poor risk management and poor monitoring) and the fact that it is JP Morgan that has reported it (If this can happen to JPM then it could happen to any bank!?!?!) has put some pressure on banking stocks etc., here and around the world.

*The April reading of the Producer Price Index is due out at 7:30am CDT. The headline PPI is expected to be unchanged on the month and the estimate for the Core measure is +0.2% on a monthly basis. The preliminary May reading of consumer sentiment from the University of Michigan is due out at 8:55am CDT; it is expected to be 76.0, down four tenths from the month before.

*The Fed is scheduled to buy Treasuries today that are due to mature between 2/15/36 and 2/15/42; the results of the operation will be announced just after 10:00am CDT.

*Dallas Fed boss Fisher is set to speak at 8:15am CDT.

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]]>Ashley MontgomeryFri, 11 May 2012 13:06:15 GMThttp://www.pennypayday.com/street-beat-articles-29/4255-3-things-to-know-before-trading.aspxLiberator (OTCBB: LUVU) Signs Agreement With One Pica for Launch of New Web Platformhttp://www.pennypayday.com/street-beat-articles-29/4254-liberator-otcbb-luvu-signs-agreement-with-one-pica-for-launch-of-new-web-platform.aspxPalm Beach, FL 5/10/12 (StreetBeat) -- Liberator, Inc. (OTCBB: LUVU), a progressive, vertically integrated company capitalizing on the emerging sexual wellness revolution through the worldwide marketing of the Liberator® brand, today announced it has signed an agreement with One Pica, a leading digital commerce agency and top-tier Magento Gold Partner, to launch a comprehensive new online presence for Liberator.

As part of the agreement with One Pica, Liberator has selected theMagento Enterprise Platform to handle both the front and back-end side of the new Liberator.com along with four other web properties. The new site overhaul is expected to be rolled out in the fall of 2012.

"We are thrilled to announce our exciting online initiatives with One Pica as our system integration partner," said Louis Friedman, President and CEO of Liberator, Inc. "One Pica has been behind the successful implementations of several large scale projects, including those featured on Inc. Magazine's list of 500 fastest growing companies. As sexual wellness products continue to enter the mainstream, we look forward to implementing online strategies and social media initiatives with One Pica to capitalize on our industry's robust growth projections."

In a recent article published by London's Daily Mail, sexual wellness product sales have been reported as skyrocketing, in part due to larger mainstream awareness and stars such as Gwyneth Paltrow and Jane Fonda divulging their bedroom secrets about sex toys that would historically have been labeled as taboo. In fact, vibrator sales alone are set to become a USD $52 billion annual business by 2020, matching sales of the iPhone and Android, according to the article:http://www.dailymail.co.uk/femail/article-2140779/Sex-toys-worlds-favourite-gadget-global-sales-soar-400-million-rival-smartphones.html?ito=feeds-newsxml

Mr. Friedman continued, "With this week's news estimating that sex toys may soon become as popular as many smartphones, we believe Liberator is expanding our comprehensive online branding initiatives at exactly the right time."

The new web properties, powered by Magento, will give Liberator greater control over the content and presentation of the Liberator brand moving forward. The new software will also allow Liberator to enhance its social media awareness, as well as expand its ability to test and analyze exciting new marketing opportunities for the rapidly expanding sexual wellness market.

"Partners like One Pica clearly understand how to help their clients realize the benefits of an enterprise-level marketing and e-commerce engine," said Michael Kane, Executive Vice President of Liberator. "As we begin the development and rollout of our enhanced web properties we continue to be extremely excited about the significant growth prospects that we look to achieve in the future."

About One Pica

One Pica is a digital commerce agency serving large and medium sized online retailers across an array of industries including apparel, food, athletics, home décor and more. The agency is known for a focus on turning interactions into transactions, optimizing e-commerce websites to increase conversions, and building a community around strong brands. For more information, please visit:www.onepica.com, or follow One Pica on Twitter: @Onepica.

About Liberator, Inc.

Liberator, Inc. is a dynamic vertically integrated public company capitalizing on the emerging sexual wellness revolution through the worldwide marketing of the Liberator® line of products, the luxury and lovestyle brand that celebrates intimacy by inspiring romantic imagination. Established with the conviction that sensual pleasure and fulfillment are essential to a well-lived life, Liberator Bedroom Adventure Gear® empowers exploration, fantasy and the communication of desire, for persons of all shapes, sizes and abilities. Products include Liberator shapes and positioning systems, pleasure objects, and sensual accessories. Liberator, Inc. is currently housed in a 140,000 square foot vertically integrated manufacturing facility in a suburb of Atlanta, Georgia. Liberator, Inc. has over 100 employees, with products being sold directly to consumers and through hundreds of domestic resellers, on-line affiliates and six international licensees. The company is known for cutting-edge advertising and product branding. Since inception in 2002, Liberator has sold over $60 million of branded Liberator products.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Ashley MontgomeryThu, 10 May 2012 15:16:59 GMThttp://www.pennypayday.com/street-beat-articles-29/4254-liberator-otcbb-luvu-signs-agreement-with-one-pica-for-launch-of-new-web-platform.aspxAudience (Nasdaq: ADNC) shares up 14% on IPO debuthttp://www.pennypayday.com/street-beat-articles-29/4253-audience-nasdaq-adnc-shares-up-14-on-ipo-debut.aspxPalm Beach, FL 5/10/12 (StreetBeat) -- Audience Inc. (Nasdaq: ADNC) saw its shares rise nearly 14% to $19.33 in early trading Thursday following its initial public offering. The company, which designs chips for improving the voice quality of mobile calls, priced 5.27 million shares at $17 late Wednesday.

It had previously expected the shares to price in the range of $14-$16. The stock now trades on the Nasdaq Global market under the ticker symbol "ADNC."

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Ashley MontgomeryThu, 10 May 2012 14:57:25 GMThttp://www.pennypayday.com/street-beat-articles-29/4253-audience-nasdaq-adnc-shares-up-14-on-ipo-debut.aspxLive Nation's (NYSE LYV) Ticketmaster Announces Broadway's Big Dealshttp://www.pennypayday.com/street-beat-articles-29/4252-live-nations-nyse-lyv-ticketmaster-announces-broadways-big-deals.aspxOrlando, FL 5/10/12 (StreetBeat) – Just in time for the Tony Award season, Ticketmaster, a Live Nation Entertainment company (NYSE: LYV), announced today Broadway's BIG Deals. Nearly 50 events across the country are offering savings up to 50% from now to June 15th. Patrons can discover shows and find Broadway's BIG Deals at: http://www.ticketmaster.com/broadwaysbigdeals

"Our Broadway's BIG Deal sale is perfectly timed with the Tony Awards. The nominations were announced May 1st and fans will be able to purchase these discounted tickets to see their favorite show again or see the show they missed in time to cheer for them during the Tony Awards ceremony on Sunday, June 10th," said Christy Renzulli, marketing services director, arts & theatre of Ticketmaster.

Patrons can purchase certain discounted tickets for events across the country including these Tony Award nominated shows: Ghost the Musical, Jesus Christ Superstar, Peter and the Starcatcher, and SPIDER-MAN Turn Off The Dark.

The 66th Annual Tony Awards, which are presented by the Broadway League and the American Theatre Wing will be broadcast in a live three-hour ceremony from the Beacon Theatre on the CBS television network on Sunday, June 10, 2012. For more information on the Tony Awards, please visitwww.TonyAwards.com.

About Ticketmaster:

With operations spanning 19 countries, Ticketmaster is the world leader in event ticketing and ranks among the top five eCommerce sites globally. Ticketmaster is a division of Live Nation Entertainment. Live Nation Entertainment is the world's leading live entertainment and ecommerce company, comprised of four market leaders: Ticketmaster.com, Live Nation Concerts, Front Line Management Group and Live Nation Network. Ticketmaster.com is the global event ticketing leader and one of the world's top five ecommerce sites, with almost 27 million monthly unique visitors. Live Nation Concerts produces over 22,000 shows annually for more than 2,300 artists globally. Front Line is the world's top artist management company, representing over 250 artists. These businesses power Live Nation Network, the leading provider of entertainment marketing solutions, enabling nearly 800 advertisers to tap into the 200 million consumers Live Nation delivers annually through its live event and digital platforms. For additional information, visit www.livenation.com/investors.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Janice MeehanThu, 10 May 2012 14:41:02 GMThttp://www.pennypayday.com/street-beat-articles-29/4252-live-nations-nyse-lyv-ticketmaster-announces-broadways-big-deals.aspxClean Diesel Tech (Nasdaq: CDTI) loss wider than expected, shares fallhttp://www.pennypayday.com/street-beat-articles-29/4251-clean-diesel-tech-nasdaq-cdti-loss-wider-than-expected-shares-fall.aspxOrlando, FL 5/10/12 (StreetBeat) – Emission control systems maker Clean Diesel Technologies Inc (Nasdaq: CDTI) posted a bigger-than-expected quarterly loss, hurt by a sharp fall in gross margins, sending its shares down as much as 23 percent.

The company's first-quarter widened to $2.8 million, or 39 cents per share, from $2.2 million, or 54 cents per share, in the year ago period.

The quarter included a $600,000 pretax charge related to inventory write-down at the company's heavy duty diesel systems segment, which makes purifiers, filters and other accessories used in heavy duty vehicles.

Total revenue rose 23.3 percent to $17 million.

Analysts on average had expected a loss of 29 cents per share on revenue of $16 million, according to Thomson Reuters I/B/E/S.

Gross margins slipped to 23.2 percent from 29.1 percent.

Shares of the Ventura, California-based company were trading down 23 percent at $2.75 in early trading on Monday, making it one of the top percentage losers on the Nasdaq.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Janice MeehanThu, 10 May 2012 14:34:09 GMThttp://www.pennypayday.com/street-beat-articles-29/4251-clean-diesel-tech-nasdaq-cdti-loss-wider-than-expected-shares-fall.aspxThursday’s biggest gaining and declining stockshttp://www.pennypayday.com/street-beat-articles-29/4250-thursdays-biggest-gaining-and-declining-stocks.aspxShawshank, VA 5/10/12 (StreetBeat) – These stocks made notable moves in U.S. trading on Thursday:

Gainers
Monster Beverage Corp. (Nasdaq: MNST) shares rose 11%. The company reported strong first-quarter sales growth as well as wider gross and operating margins.

News Corp. (Nasdaq: NWSA +5.26%) shares were up 5.3% a day after the company’s report of better-than-expected fiscal third-quarter results and its pledge to add $5 billion to its existing $5 billion stock repurchase plan. News Corp. is the parent company of Dow Jones & Co., which includes MarketWatch, the publisher of this report.

Tesla Motors Inc. (Nasdaq: TSLA +11.38%) shares climbed 14.4%. On Wednesday, the company posted a drop in first-quarter revenue and profit, but said it expects to begin delivering its all-electric Model S in June, a month ahead of schedule. The firm also upped the low end of its 2012 revenue estimate.

Decliners
Cisco Systems Inc. (Nasdaq: CSCO -8.56%) shares fell 8.5% a day after the firm issued a weaker-than-expected outlook for the current quarter, as Chief Executive John Chambers pointed to a “cautious” spending environment.

Silicon Graphics International Corp. (Nasdaq: SGI -20.79%) shares tumbled 20.5%. Late Wednesday, the company trimmed its outlook for the full year.

Universal Display Corp. (Nasdaq: PANL -8.99%) shares fell 10%. The company reported that its first-quarter loss narrowed, but the results missed Wall Street expectations.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Andy DufraneThu, 10 May 2012 14:28:30 GMThttp://www.pennypayday.com/street-beat-articles-29/4250-thursdays-biggest-gaining-and-declining-stocks.aspxEco Building (OTCBB: ECON) To Build Multi Story Project In Imperial Beach, Californiahttp://www.pennypayday.com/street-beat-articles-29/4249-eco-building-otcbb-econ-to-build-multi-story-project-in-imperial-beach-california.aspxShawshank, VA 5/10/12 (StreetBeat) – Eco Building Products, Inc., (OTCBB: ECOB) announced today the company has secured a purchase order from Tricorp Hearn for Lumber, Labor, Trusses and EWP products coated with Eco Red Shield™protection to build The Post Legion Hall and Apartments located at Imperial Beach, California. This contract represents in excess of $335,000.00 dollars in gross revenues to build a four story building with 30 apartments above. This project is scheduled to ship in the beginning of July, 2012.

E Build & Truss division of ECOB will be responsible to provide framing labor and truss packages coated with Eco Red Shield™protection. The Company started a five story multi-use site project named "Seacoast Inn" located at Imperial Beach, California in January, 2012. We knew this project was a big red billboard and would draw the attention of the community. Our success speaks for itself.

"We are excited to be awarded another great project. I set out to create primary demand for Eco Red Shield using several marketing channels. Seeing is believing, is our most cost-effective channel. The more multi story buildings we have going will continue to feed our revenue stream," stated Steve Conboy, President and CEO, Eco Building Products. "It is an amazing year as we prove our business model and overcome the hurdles of change by educating those that do not understand what it takes to build a foundation before you push into all markets," added Conboy.

About Eco Building Products, Inc.
Eco Building Products, Inc. is a manufacturer of proprietary wood products treated with an eco-friendly proprietary chemistry that protects against fire, mold/mycotoxins, fungus, rot-decay, wood-ingesting insects and termites with ECOB WoodSurfaceFilm™ and FRC™ technology (Fire Retardant Coating). Eco Building products, "Eco Red Shield", "Eco Blue Shield" & "Eco Clear Shield"utilizing patent pending technology is the ultimate in wood protection, preservation, and fire safety to building components constructed of wood; from joists, beams and paneling, to floors and ceilings.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Andy DufraneThu, 10 May 2012 14:11:03 GMThttp://www.pennypayday.com/street-beat-articles-29/4249-eco-building-otcbb-econ-to-build-multi-story-project-in-imperial-beach-california.aspxUS phone subscribers hang up on contractshttp://www.pennypayday.com/street-beat-articles-29/4248-us-phone-subscribers-hang-up-on-contracts.aspxAtlanata, GA 5/10/12 (StreetBeat) – U.S. consumers have had their fill of expensive, contract-based phone plans.

Figures from T-Mobile USA on Thursday, added to earlier reports from other companies, indicate that the U.S. wireless industry lost subscribers from contract-based plans for the first time in the first quarter. Contract-based plans are the most lucrative ones for phone companies. The industry default over the past several decades, they account for the vast majority of revenue at the big phone companies.

The seven largest U.S. phone companies, representing more than 95 percent of the market, lost a combined 52,000 subscribers from contract-based plans in the January to March period, according to a tally by the Associated Press. The companies have a combined 220 million devices on such plans, accounting for about two-thirds of the total number of devices.

Since nearly every adult, and many children and teenagers, already have phones, there's little room for growth anymore. But subscribers are also flowing to cheaper, no-contract plans, which showed an increase of at least 2 million. That figure, however, is down from more than 5 million in the same quarter a year ago.

The industry is also adding millions of non-phone devices, like smart energy meters. These so-called "machine-to-machine" connections usually carry very low monthly fees, on the order of a few dollars per month.

For example, AT&T (NYSE: T) subscribers on contract-based plans pay an average of $64.46 per month, while other AT&T customers pay an average of $11.52 per month.

T-Mobile's report comes on the last day of the U.S. cell phone industry's annual trade show in New Orleans. At the show, companies talked about various ways of boosting their business outside phones. For instance, AT&T launched a home security and automation business, and the head of its wireless business, Ralph de la Vega, said the company is getting closer to launching family data plans, which would allow the sharing of one "bucket" of data among various devices and family members. That could encourage people who already have a smartphone to get a tablet with data service as well. Verizon Wireless has already announced that it is introducing such plans this summer.

The first quarter is a seasonally weak one for contract-based plans, and the industry is likely to show some subscriber additions for the whole of the year. But the gains will be spread unevenly over the phone companies. For the last year and half, the four nationwide phone companies have added or lost subscribers in order of size: Verizon Wireless, the largest, has gained the most, followed by AT&T Inc. Sprint Nextel Corp. (NYSE: S), No. 3 in size, has mostly lost subscribers, while No. 4 T-Mobile has done so consistently. That poses a conundrum for regulators who want to preserve vibrant competition in the industry.

AT&T launched a major bid to consolidate the industry last year by striking a deal to buy T-Mobile for $39 billion, but the project was scuttled by regulators who said it would reduce competition and raise prices for consumers. On Wednesday, Bloomberg News, citing anonymous sources, reported that T-Mobile was in talks to buy MetroPCS Communications Inc. (NYSE: PCS), the fifth-largest cellphone company in the U.S. However, the combination would be difficult to manage, since the companies have incompatible networks. Branding could pose a challenge too: T-Mobile wants to appeal to business customers, while MetroPCS sells almost exclusively to low-income, urban households. Acquisition talk surrounding MetroPCS surfaces from time to time, but no deals have resulted.

The AP's tally of subscribers excludes some contract-based machine-to-machine connections reported by T-Mobile. The company also added 435,000 prepaying subscribers of all kinds in the quarter, which was the best result in more than two years for that category. T-Mobile credits its new prepaid monthly plans with fast "4G" data service for the increase.

Overall revenue at T-Mobile USA, a unit of Deutsche Telekom AG (Pinksheets: DTEGY) of Germany, fell 2 percent from a year ago.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Bob BenderThu, 10 May 2012 14:03:52 GMThttp://www.pennypayday.com/street-beat-articles-29/4248-us-phone-subscribers-hang-up-on-contracts.aspxRoche (OTCBB: RHHBY) to Start Human Trials in Quest for New Breast Cancer Treatmentshttp://www.pennypayday.com/street-beat-articles-29/4247-roche-otcbb-rhhby-to-start-human-trials-in-quest-for-new-breast-cancer-treatments.aspxAtlanata, GA 5/10/12 (StreetBeat) – The battle against breast cancer looks to be getting a few more weapons in its arsenal in the future. Swiss drug giant Roche took a shot in the arm in November of 2011 when the Food and Drug Administration revoked their Genentech unit’s Avastin as an indication for breast cancer, but Roche (OTCBB: RHHBY) is providing some promising research with their new pertuzumab drug in recent months. The experimental antibody is being used as an addition to Roche’s blockbuster breast cancer drug, Herceptin, and chemotherapy. The latest data shows that the new concoction can add six months to the lives of HER2-positive breast cancer patients. Herceptin, also known as tratuzumab, had 2010 global sales of $6.8 billion.

On the same front, other drug makers are providing optimistic results across the full range of research. Novartis's (NYSE:NVS) is developing Afinitor (everolimus) - which is already approved for other cancers - showed that treatment with it delays disease progression by four months among metastatic patients. Earlier on in development, Sunshine Biopharma(OTCBB:SBFM) is wrapping-up laboratories studies on Adva-27, a small molecule that targets and inhibits Top2, the second enzyme (HER-2 is the other) associated with aggressive forms of breast cancer. Also taking a step in the right direction helping to re-shape the treatments for breast cancer patients is Seattle, Washington-based TapImmune Inc. (OTCBB:TPIV).

A vaccine technology company, TapImmune received allowance from the FDA last year and recently got Institutional Review Board approval for a Phase I clinical trial to be hosted at the Mayo Clinic in Rochester, Minnesota. Today, TapImmune told investors that the company-sponsored trial is set to begin to test its novel set of HER2/neu Class II antigens in breast cancer patients who finished standard Herceptin-based therapy and are at a high risk of disease recurrence.

As a result of what the company called an “overwhelming response” from patients expressing interest to be in the trial, TapImmune expects the trial to be fully subscribed. The primary endpoints of the study will be safety and immunogenicity - the ability of a particular substance, such as an antigen or epitope, to provoke an immune response in the body of a human or animal. Representing a significant milestone, this is the first clinical trial to be run to test TapImmune’s HER-2/neu vaccine program.

There are four companies with four different root targets for the treatment of breast cancer with each striving to generate revenue while providing a solution to a disease that took the life of approximately 40,000 women in 2011, with about 300,000 new cases diagnosed. Proper due diligence on each is, as always, encouraged.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Andy DufraneThu, 10 May 2012 13:52:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4247-roche-otcbb-rhhby-to-start-human-trials-in-quest-for-new-breast-cancer-treatments.aspxGuided Therapeutics (OTCBB: GTHP) Submits Response to FDA for LuViva® Advanced Cervical Scanhttp://www.pennypayday.com/street-beat-articles-29/4246-guided-therapeutics-otcbb-gthp-submits-response-to-fda-for-luviva-advanced-cervical-scan.aspxAtlanata, GA 5/10/12 (StreetBeat) – Guided Therapeutics, Inc., (OTCBB: GTHP), today announced that it has submitted its formal response to the U.S. Food and Drug Administration (FDA) not-approvable letter for the LuViva® Advanced Cervical Scan, which the Company received in January. The Company’s response provided additional information as requested by the agency and also included a request for a meeting with FDA to determine a path forward for approval.

The Company also recently provided additional safety testing information in support of the application for the CE mark as requested by its reviewer and believes it remains on track to receive approval to market LuViva® in the 27 countries that comprise the European Union in the second quarter, as previously anticipated.

“We believe that by working with FDA, we can achieve approval in the U.S. for LuViva and provide women with access to new technological advancements to detect cervical disease at an earlier stage, when it can be better treated,” said Mark L. Faupel, Ph.D., President and CEO of Guided Therapeutics, Inc. “We also believe that LuViva remains on track to receive the CE mark in the second quarter. There were no questions regarding our clinical data. We continue to build up our international distribution network and introduce LuViva to the medical community at various medical conferences in anticipation of a product launch in the second half of 2012.”

About LuViva® Advanced Cervical Scan

LuViva is a technologically advanced diagnostic device that scans the cervix with light and uses spectroscopy to measure how light interacts with the cervical tissue. Spectroscopy identifies chemical and structural indicators of precancer that may be below the surface of the cervix or misdiagnosed as benign. This technique is called biophotonics. Unlike Pap, HPV tests or biopsies, LuViva does not require laboratory analysis or a tissue sample, and is designed to provide results immediately, which eliminates costly, painful and unnecessary testing. LuViva is designed for use with women who have undergone initial screening and are called back for follow up with a colposcopy examination, which in many cases, involves taking a biopsy of the cervix. The device is used in conjunction with the LuViva®Cervical Guide single-use patient interface and calibration disposable.

About Guided Therapeutics

Guided Therapeutics, Inc. (OTCBB: GTHP.OB - News) (OTCQB: GTHP.OB - News) is developing a rapid and painless testing platform for the early detection of disease based on its patented biophotonic technology that utilizes light to detect disease at the cellular level. The Company’s first planned product is the LuViva® Advanced Cervical Scan, a non-invasive device used to detect cervical disease instantly and at the point of care. In a multi-center clinical trial, with women at risk for cervical disease, the technology was able to detect cervical cancer up to two years earlier than conventional modalities, according to published reports. Guided Therapeutics has also entered into a partnership with Konica Minolta Opto to develop a non-invasive test for Barrett’s Esophagus using the technology platform. For more information, visit: www.guidedinc.com.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Bob BenderThu, 10 May 2012 13:43:13 GMThttp://www.pennypayday.com/street-beat-articles-29/4246-guided-therapeutics-otcbb-gthp-submits-response-to-fda-for-luviva-advanced-cervical-scan.aspxTootie Pie Company (PinkSheets: TOOT) April Same Store Sales Up 30%http://www.pennypayday.com/street-beat-articles-29/4245-tootie-pie-company-pinksheets-toot-april-same-store-sales-up-30.aspxNorthern, WI 5/10/12 (StreetBeat) – Tootie Pie Company, Inc. (PinkSheets: TOOT) announced that April 2012 same-store sales for its Tootie Pie Gourmet Cafes were up 30% over April 2011. The Company also extended its consecutive sales increases to 30 months with sales increases in April.

"Our new fiscal year is off to a very good start," said Don Merrill, President & CEO. "We continue to be pleased with how well our Tootie Pie Gourmet Cafes are performing and look forward to adding more of them."

The Company currently owns and operates six Tootie Pie Gourmet Cafes in San Antonio, Austin, Fredericksburg and Dallas (Frisco), TX. The Company recently announced the acquisition of what will be its seventh Cafe, located in the Villages of Allen, in Allen, TX.

About Tootie Pie Co.

Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate andwholesale. The retail segment serves individual customers through sales in its Tootie Pie Gourmet Cafes, in-store sales, orders via telephone and internet on the Company's website. The corporate segment serves businesses that purchase pies as a way to promote their company through client and employee appreciation programs. The wholesale segment is made up of national and regional broad line grocery and foodservice distributors who purchase pies and then resell them through their respective sales distribution channels. Tootie Pie Company is a public company traded on the OTCQB market under the symbol "TOOT." For additional information or to receive correspondence from Tootie Pie Company, please visit www.tootiepieco.com.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Steve KanavalThu, 10 May 2012 13:24:11 GMThttp://www.pennypayday.com/street-beat-articles-29/4245-tootie-pie-company-pinksheets-toot-april-same-store-sales-up-30.aspxOriginOil (OTCBB: OOIL) Enters Frac Water/ Produced Water Markethttp://www.pennypayday.com/street-beat-articles-29/4244-originoil-otcbb-ooil-enters-frac-water-produced-water-market.aspxNorthern, WI 5/10/12 (StreetBeat) – Investorideas.com, a leader in sector research including water stocks and energy stocks issues a news and trading alert for OriginOil, Inc. (OTCBB: OOIL) following news of entering the frac water and produced water treatment market.

OriginOil, Inc. (OTCBB: OOIL), developer of a breakthrough technology to convert algae into renewable crude oil, announced today that it has signed a memorandum of understanding with California-based PACE to collaborate with oil field operators in Texas and elsewhere to improve petroleum recovery and water cleaning for re-use at well sites, using a process it originally developed for algae harvesting.

“The performance we’ve seen from OriginOil’s technology is unheard-of in the industry. Removing 98% of organics from a sample of Texas frac flowback water is beyond impressive,” said Andrew Komor, vice president for environmental water at PACE. “This is the next step, where we get a chance to see that performance in the field. The OriginOil team has been highly responsive and we expect this to be a successful program.”

Subject to definitive agreement, OriginOil plans to provide the equipment and capability to process up to one barrel per minute in continuous flow. Success at this scale would set the stage for a ten-fold increase and beyond.

In keeping with its licensing strategy in algae, oil and gas, and waste removal markets, the memorandum provides that OriginOil may choose to be paid for the equipment and receive a small royalty, or to cover its own costs in return for a larger share of profits.

Recent Energy and water Articles :

Energy and Water Series; Q&A Interview with Jud Hill, Managing Director of NGP Global Adaptation Partners

Energy and Water Series; Q&A Interview with GreenHunter Water LLC (AMEX:GRH)

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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

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Source: Water-Stocks.com, Investorideas.com

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]]>Steve KanavalThu, 10 May 2012 13:18:56 GMThttp://www.pennypayday.com/street-beat-articles-29/4244-originoil-otcbb-ooil-enters-frac-water-produced-water-market.aspx3 Things to Know Before Tradinghttp://www.pennypayday.com/street-beat-articles-29/4243-3-things-to-know-before-trading.aspxNorthern, WI 5/10/12 (StreetBeat) -- Stocks were mixed but relatively little changed in Asian trade. The Hang Seng was down a half percent, the Nikkei dropped 0.4% and Shanghai was unchanged on the day, but Australia gained a half percent. European indexes are also mixed, with the Footsie is flat but the Dax is up 0.6%; Spain and Greece are up two to two and a half percent respectively. US stock futures are up a half percent or less, as I write.

*The April reading of Australia’s Unemployment Rate was down three tenths to 4.9%; it had been expected to increase one tenth. Also a surprise was the net change in the number of employed, up 15.5k on the month when it had been forecast to decline by 5k. Interestingly the employment gains were strongly weighted to Part Timers, up 26k, while Full Time employment fell 10.5k.

*The April reading of China’s Trade Balance was a surplus of $18.43 billion, double the expected surplus. Exports rose 4.9% on a year on year basis, about half the forecast increase, but Imports were up only 0.3% and this was expected to show a 10.9% gain.

*The March reading of Japan’s Current Account Balance was a surplus for the second month in a row, after posting a record deficit for this measure of trade in January. On a year on year basis the surplus was 8.6% smaller.

*The leader of the Greek Pasok party, Venizelos, has received a three day mandate to form a government. His party came in third in the election on Sunday, but the top two parties have now failed to figure out a coalition.

*The March reading of UK Industrial Production was down 0.3% on a month on month basis, as expected.

*The Bank of England kept rates and asset purchase plans steady at their policy meeting today.

*There are three bits of data due to be released at 7:30am CDT, including: the weekly report on Initial Jobless Claims, expected to be 367k; the March reading of the Trade Balance, forecast to be a deficit of $50.0 billion; and the April reading of the Import Price Index, expected to be -0.2% month on month. The Treasury will release its April Budget Statement at 1:00pm CDT, the estimate is a surplus of $30.5 billion.

*Fed boss Bernanke is set to speak at 8:30am CDT in Chicago at a conference about bank capital.

*The weekly report on Natural Gas inventories is due out at 9:30am CDT, it is expected to show an increase of 32 bcf.

*The Fed is scheduled to sell Treasuries today that are due to mature between10/15/13 and 1/31/14; the results of the operation will be announced just after 10:00am CDT.

*The Treasury plans to sell $16 billion 30 Year Bonds today; the auction results will be announced just after noon CDT.

*Minneapolis Fed’s Kocherlakota is set to speak at 12:20pm CDT, he will discuss monetary policy.

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]]>Steve KanavalThu, 10 May 2012 13:12:21 GMThttp://www.pennypayday.com/street-beat-articles-29/4243-3-things-to-know-before-trading.aspxChina Automotive Systems (Nasdaq: CAAS) Earnings: Profit and Revenue Drophttp://www.pennypayday.com/street-beat-articles-29/4242-china-automotive-systems-nasdaq-caas-earnings-profit-and-revenue-drop.aspxNorthern, WI 5/9/12 (StreetBeat) -- China Automotive Systems Inc. (NASDAQ:CAAS) reported its results for the first quarter. China Automotive Systems is a holding company that, through joint ventures in China and a wholly-owned subsidiary, manufactures power steering systems and other component parts for automobiles.

China Automotive Systems Earnings Cheat Sheet for the First Quarter

Results: Reported a loss of $768,896 (3 cents per diluted share) in the quarter. China Automotive Systems Inc. had a net income of $19.6 million or 23 cents per share in the year-earlier quarter.

Revenue: Fell 7.2% to $84.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: China Automotive Systems Inc. reported adjusted net income of 12 cents per share. By that measure, the company fell short of mean estimate of 14 cents per share. It fell short of the average revenue estimate of $90.8 million.

Quoting Management: Mr. Qizhou Wu, chief executive officer of CAAS, commented: “During the first quarter, the PRC domestic passenger vehicle brands sold approximately 712,000 units, a year over year decline of 15%. On the commercial vehicle front, PRC truck sales continued to experience double-digit percentage declines due to fewer infrastructure projects and the slowed real estate market. As the largest supplier to many large domestic OEMs, we took hits from both sectors. While we are waiting for conditions to improve in the PRC, we are rapidly expanding our sales in North America and planning for expansions in emerging markets. Our shipments to North America, mainly to Chrysler, rose 86% from same period of 2011. We also recently announced our joint venture in Brazil, another large market currently dominated by European steering producers. Our financial standing remains solid, as we generated strong cash-flow in the first quarter.”

Key Stats:

The company has missed analyst estiamtes for four quarters in a row. It fell short by 2 cents in the fourth quarter of the last fiscal year, by 5 cents in the third quarter of the last fiscal year, and by 10 cents in the second quarter of the last fiscal year.

Revenue has fallen in the past four quarters. Revenue declined 0.7% to $100.9 million in the fourth quarter of the last fiscal year. The figure fell 1.4% in the third quarter of the last fiscal year from the year earlier and dropped 3% in the second quarter of the last fiscal year from the year-ago quarter.

After three consecutive quarters of profits, the company declared a loss in the latest quarter. The company reported a profit of $6.7 million in the fourth quarter of the last fiscal year, a profit of $10.1 million in the third quarter of the last fiscal year and $4.3 million in the second of the last fiscal year.

Margins contracted in the fourth quarter of the last fiscal year after expanding the quarter before. Gross margin dropped three percentage points from the year-earlier quarter to 19%. In the third quarter of the last fiscal year, the figure rose 0.2 percentage point from a year ago to 20.8%.

Looking Forward: For the next quarter, analysts are growing pessimistic about the company’s expected results. The average estimate for the second quarter is 14 cents per share, dropping from 17 cents a month ago. For the fiscal year, the average estimate has moved down from 69 cents a share to 58 cents over the last thirty days.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Steve KanavalWed, 09 May 2012 14:41:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4242-china-automotive-systems-nasdaq-caas-earnings-profit-and-revenue-drop.aspxTetra Technologies (NYSE: TTI) 1st-qtr misses on lower demandhttp://www.pennypayday.com/street-beat-articles-29/4241-tetra-technologies-nyse-tti-1st-qtr-misses-on-lower-demand.aspxNorthern, WI 5/9/12 (StreetBeat) -- Oilfield services provider Tetra Technologies Inc (NYSE: TTI) posted lower-than-expected quarterly results as unfavorable weather in the Gulf of Mexico hurt its offshore business and low natural gas prices affected demand for its U.S. onshore services.

Tetra Tech's shares fell 14 percent to $7.02, their lowest in seven months, on the New York Stock Exchange.

Natural gas prices have fallen 40 percent from a year ago in the January-March quarter, averaging about $2.5 per million British thermal unit.

Depressed natural gas prices prompted oil and gas companies to curtail gas-focused drilling, resulting in lower demand at Tetra's key Fluids Division.

The division, which uses liquid and gaseous fluids and mixtures to drill boreholes into the earth, posted a 5 percent drop in revenue to $61 million, compared to the fourth quarter.

Tetra's January-March profit was $681,000, or 1 cent per share, compared with the 3 cents analysts expected.

It had a loss of $2.5 million, or 3 cents per share, in the year-ago quarter.

Revenue fell 19 percent to $180.8 million, missing analysts' average estimate of $192.1 million, according to Thomson Reuters I/B/E/S.

Revenue at Tetra's offshore division fell by 55 percent to $40.4 million. Last May, it had sold assets of its Maritech Resources unit that acquires and develops properties in the Gulf of Mexico.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Steve KanavalWed, 09 May 2012 14:34:18 GMThttp://www.pennypayday.com/street-beat-articles-29/4241-tetra-technologies-nyse-tti-1st-qtr-misses-on-lower-demand.aspxSavient's (Nasdaq: SVNT) loss widens on higher Krystexxa costshttp://www.pennypayday.com/street-beat-articles-29/4240-savients-nasdaq-svnt-loss-widens-on-higher-krystexxa-costs.aspxPalm Beach, FL 5/9/12 (StreetBeat) -- Savient Pharmaceuticals Inc (Nasdaq: SVNT), under pressure from its largest creditor to liquidate itself, reported a larger-than-expected first-quarter loss on higher costs related to selling its gout drug Krystexxa.

January-March net loss widened to $34.2 million, or 49 cents per share, from $13.5 million, or 19 cents per share, last year.

Revenue more than doubled to $3.5 million. Sales of Krystexxa contributed nearly 90 percent to the total revenue.

Cost of goods sold more than tripled to $1.7 million.

Analysts on average had expected a loss of 46 cents per share on revenue of $4.6 million, according to Thomson Reuters I/B/E/S.

The company's largest creditor, Tang Capital Partners, was denied a request on Tuesday to bar Savient's plan to raise $44 million.

Tang Capital, calling Krystexxa a commercial failure, demanded earlier this month that Savient liquidate itself and distribute its assets to creditors.

Shares in the East Brunswick, New Jersey-based company have fallen more than 10 percent since its chief financial officer resigned last month.

The stock closed at $1.82 on Tuesday on the Nasdaq.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Ashley MontgomeryWed, 09 May 2012 14:27:41 GMThttp://www.pennypayday.com/street-beat-articles-29/4240-savients-nasdaq-svnt-loss-widens-on-higher-krystexxa-costs.aspxPluristem's (Nasdaq: PSTI) PLX Cells Saves the Life of a Childhttp://www.pennypayday.com/street-beat-articles-29/4239-pluristems-nasdaq-psti-plx-cells-saves-the-life-of-a-child.aspxPalm Beach, FL 5/9/12 (StreetBeat) -- Pluristem Therapeutics, Inc. (Nasdaq:PSTI) today announced that a seven year-old girl suffering from an a plastic bone marrow whose condition was rapidly deteriorating is now experiencing a reversal of her condition with a significant increase in her red cells, white cells and platelets following the intramuscular injection of the company's PLacental eXpanded (PLX) cells. Aplastic bone marrow is a disease where the patient has no blood-forming hematopoietic stem cells in the bone marrow.

"With her body rejecting all possible treatment -- and with no other options -- we finally turned to Pluristem's PLX cells, which literally saved her life," said Professor Reuven Or, Director ofBone Marrow Transplantation, Cell Therapy and Transplantation Research Center at Hadassah Medical Center and the child's physician. "The results of this unique case indicate that PLX cells may be effective in treating other diseases that affect the bone marrow."

The patient has been hospitalized at the Hadassah Hebrew University Medical Center, Jerusalem since August 2011. Her aplastic bone marrow had been refractory to treatment and, therefore, she underwent allogeneic stem cell transplantation from a matched unrelated donor. The first transplant was unsuccessful and the patient remained with bone marrow failure. Therefore, the patient underwent a second allogeneic stem cell transplantation from a second donor. Unfortunately, the bone marrow function was very poor and the patient suffered from recurrent infections. Approximately two months after the patient's second bone marrow transplant, the child received PLX cells intramuscularly in two doses approximately one week apart. Approximately 10 days after the last administration of PLX cells, the patient's hematological parameters began to significantly increase, an effect that has persisted to date. Additionally, the patient's general clinical status has improved. Subsequent analysis has indicated that the PLX cells worked by stimulating the recovery of the hematopoietic stem cells contained in the second bone marrow transplant that she had received over two months earlier. Finally, after nine months of hospitalization, the child will be discharged from the hospital.

"Pluristem is extremely happy that our PLX cells have helped this little girl," said Zami Aberman, Chairman and CEO of Pluristem. "Remarkably, these beneficial effects were seen in the patient after our PLX cells were administered intramuscularly and correlates with the positive effects on the bone marrow when we administered our PLX cells intramuscularly (IM) in animals exposed to toxic levels of radiation. Pluristem now has several data points to indicate that our PLX cells may work for systemic diseases when given locally, away from the target organ, and without a need to give cells intravenously."

In February 2012, Pluristem announced the results of animal studies suggesting PLX cells can be potentially effective in treating the life threatening hematopoietic complications associated with Acute Radiation Syndrome (ARS). In these experiments, animals given PLX cells IM up to 24 hours post irradiation demonstrated a recovery of their red cells, white cells, platelets and bone marrow to almost normal levels. It was that announcement, and the significant deterioration of the patient following two bone marrow transplants, that led Professor Reuven Or to contact Pluristem about the possible compassionate use of PLX cells to treat his young patient.

Pluristem recently received U.S. FDA Clearance to begin a Phase II clinical trial using the company's proprietary PLX-PAD cell product candidate intramuscularly for the treatment of Intermittent Claudication (IC), a subset of peripheral artery disease (PAD). In April, the Company was awarded a $3.1 Million grant by the Israeli Government, which will be used to help fund R&D and clinical trials.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Steve KanavalWed, 09 May 2012 14:20:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4239-pluristems-nasdaq-psti-plx-cells-saves-the-life-of-a-child.aspxBed Bath & Beyond (Nasdaq: BBBY) to Buy Cost Plus (Nasdaq: CPWM) for $495 Millionhttp://www.pennypayday.com/street-beat-articles-29/4238-bed-bath-beyond-nasdaq-bbby-to-buy-cost-plus-nasdaq-cpwm-for-495-million.aspxShawshank, VA 5/9/12 (StreetBeat) -- Bed Bath & Beyond Inc. (Nasdaq: BBBY), the operator of its namesake home-furnishings stores, agreed to buy Cost Plus Inc. (Nasdaq: CPWM) for about $495 million in cash to add its World Market and Cost Plus Imports chains.

The offer of about $22 a share will be funded with available cash, the companies said today in a statement. The companies expect the deal to be completed in Bed Bath & Beyond’s fiscal second quarter and add “slightly” to earnings in the current year.

The deal would give Bed Bath & Beyond about 259 stores, including World Market, Cost Plus Imports and Cost Plus World Market locations.The offer is 22 percent higher than Cost Plus’s $17.99 closing price yesterday.

Bed Bath & Beyond, based in Union, New Jersey, fell 1.8 percent to $67 at 9:17 a.m. in New York. Shares of Cost Plus, based in Oakland, California, were halted this morning.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Andy DufraneWed, 09 May 2012 14:10:55 GMThttp://www.pennypayday.com/street-beat-articles-29/4238-bed-bath-beyond-nasdaq-bbby-to-buy-cost-plus-nasdaq-cpwm-for-495-million.aspxQuest (Nasdaq: QSFT) Received Multiple Buyout Proposals During Shop Periodhttp://www.pennypayday.com/street-beat-articles-29/4237-quest-nasdaq-qsft-received-multiple-buyout-proposals-during-shop-period.aspxShawshank, VA 5/9/12 (StreetBeat) -- Quest Software Inc. (Nasdaq: QSFT), which agreed in March to be bought by private-equity firm Insight Venture Partners for about $2 billion, received “multiple written proposals for potential alternative transactions” during a 60- day so-called “go-shop” period.

A special committee evaluating the offers determined that several are “reasonably expected to lead to a superior proposal,” the Aliso Viejo, California-based company said today in a statement. Quest said it may continue discussions with other bidders, though the committee “has not yet determined that any of the alternative proposals constitute a superior proposal under the merger agreement.”

Quest, a provider of business software for managing and protecting data, said on March 9 it had agreed to be acquired by Insight for $23 a share. The shares have surged 18 percent since the agreement was announced, suggesting that investors anticipate a higher bid.

“They now appear very likely to take a superior offer,” said Brian Freed, an analyst at Wunderlich Securities in Denver, who has a hold rating on the shares. “It either means someone else makes a bid superior to Insight, or Insight moves up its bid.”

The shares jumped 8.6 percent to $24.81 at 9:30 a.m. in New York, the biggest increase since the Insight deal announcement.

Insight is likely to raise its bid, though it may be hard for a financial buyer to match an offer from a strategic purchaser, Freed said. Quest could be sold for closer to $26 a share, he said.

“If a new buyer is someone already in the software business who could garner operating leverage, they could always pay significantly more and yield a return,” Freed said.

Tracy Benelli, a spokeswoman with Quest, and Erica Harris, an Insight spokeswoman, didn’t immediately return calls seeking comment.

Quest agreed to pay Insight $6.3 million if it finds another buyer after the end of the go-shop period, the company said on March 9.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Andy DufraneWed, 09 May 2012 14:05:30 GMThttp://www.pennypayday.com/street-beat-articles-29/4237-quest-nasdaq-qsft-received-multiple-buyout-proposals-during-shop-period.aspxDemand for fizzy drinks propels SodaStream (Nasdaq: SODA)http://www.pennypayday.com/street-beat-articles-29/4236-demand-for-fizzy-drinks-propels-sodastream-nasdaq-soda.aspxAtlanta, GA 5/9/12 (StreetBeat) -- Growing demand for SodaStream International Ltd.'s (Nasdaq: SODA) fizzy drink machines propelled first-quarter profit 84 percent. The company lifted its outlook for the year and shares soared.

The Israeli company's stock gained $9.06, or 31 percent, to $38.25 in premarket trading Wednesday.

SodaStream said Wednesday that it earned $10.1 million, or 48 cents per share from January through March, compared with $5.5 million, or 28 cents per share, a year earlier. Excluding costs associated with paying employees in stock, earnings were 55 cents per share. Analysts polled by FactSet expected 48 cents per share.

Revenue rose 50 percent to $87.9 million from $58.5 million, topping Wall Street's $74 million.

Unit sales of the company's soda maker starter kits, which include the carbonation machines, rose 15 percent. CO2 refills for the machine rose 29 percent and sales of flavors for making drinks rose 52 percent.

Demand was global. Revenue more than doubled in Asia, rose 93 percent in the Americas and 50 percent in Western Europe. But revenue dropped by a third in the company's Middle East, Africa and Central and Eastern Europe division.

The company brightened its outlook for the year. It now expects 2012 net income of about $41 million from a prior forecast of $39 million. Analysts expect $40 million. Its new revenue prediction of $384 million, from $370 million, surpassed analysts' expectation of $368 million.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Janice MeehanWed, 09 May 2012 13:50:25 GMThttp://www.pennypayday.com/street-beat-articles-29/4236-demand-for-fizzy-drinks-propels-sodastream-nasdaq-soda.aspxAhead of the Bell: Demand Media (NYSE: DMD) shares surgehttp://www.pennypayday.com/street-beat-articles-29/4235-ahead-of-the-bell-demand-media-nyse-dmd-shares-surge.aspxAtlanta, GA 5/9/12 (StreetBeat) -- Shares of Demand Media Inc. (NYSE: DMD) surged before the market opening Wednesday after the Internet content company brightened its outlook for the year, calming some long-running concerns about its reliance on Google (NYSE: GOOG).

Citi Investment Research analyst Mark Mahaney lifted the company to "Buy" from "Hold" on Tuesday night, saying Demand Media looks set to ramp up revenue and profit growth. The company predicted that revenue growth will accelerate in the current quarter for the first time in more than a year.

Mahaney said Demand Media's eHow.com website is less dependent on Google for its revenue than it was a year ago and noted more than a year has passed since Google made changes to its Internet search engine that had diminished visits to Demand Media sites. Mahaney also sees growth coming from its YouTube presence as online video becomes increasingly popular.

In 2012, the company expects earnings, excluding one-time items, of 33 cents to 35 cents per share, topping analysts' prediction of 30 cents. It expects revenue of $361 million to $367 million. Analysts polled by FactSet had expected $354 million. Demand Media's results in the January-March quarter and its forecast for the current quarter, posted Tuesday after the market close, also topped analyst estimates.

In February 2011, Google changed the way it ranks websites in an effort to weed out low-quality content. That hurt traffic to Demand Media sites such as eHow.com and Livestrong.com, which contain articles written by the company's thousands of freelancers. Lower traffic gave the company fewer opportunities to show ads, which generate most of its revenue. The company's shares took a beating, bottoming at $5.24 in October. Demand Media went public at $17 per share in January 2011.

But the stock has recovered since then. Demand Media posted a 2012 outlook in February that was better than analysts had expected, and business seems to be improving further — it lifted that forecast Tuesday.

The company has been trying to adjust to Google's change by putting more emphasis on longer, more in-depth articles that are more likely to rank high on Google's search results. It is also producing more video on channels it has set up on Google-owned YouTube.

From January to March, Demand Media said eHow posted its second straight quarter of revenue growth.

Shares of the Santa Monica, Calif., company jumped $1.60 to $9.53 in premarket trading. The stock has gained 19 percent this year, although it's still down 53 percent over the past 12 months.

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]]>Janice MeehanWed, 09 May 2012 13:42:40 GMThttp://www.pennypayday.com/street-beat-articles-29/4235-ahead-of-the-bell-demand-media-nyse-dmd-shares-surge.aspxGSK to go hostile with $2.6 bln Human Genome (Nasdaq: HGSI) tenderhttp://www.pennypayday.com/street-beat-articles-29/4234-gsk-to-go-hostile-with-26-bln-human-genome-nasdaq-hgsi-tender.aspxOrlando, FL 5/9/12 (StreetBeat) -- GlaxoSmithKline (NYSE: GSK) will take its $2.6 billion bid for Human Genome Sciences (Nasdsaq: HGSI) direct to shareholders this week, after its takeover offer was rejected last month by the U.S. biotech group's board.

The decision to go hostile with the $13 a share cash tender offersets GSK up for a potentially lengthy battle with those Human Genome investors who believe it is not offering enough.

"They will do fantastically well out of this - at $13 it is a steal," said Mark Evans, a fund manager at Taube Hodson Stonex, the sixth largest investor in Human Genome with a 5.6 percent stake.

"I still think it is very likely that they will have to pay more."

The top 10 investors in Human Genome together own 78 percent of the shares, putting them in the driving seat in deciding the fate of the company.

Human Genome's board spurned the approach from Britain's biggest drugmaker on April 19, saying it did not reflect the company's inherent value. GSK insists its bid, at an 81 percent premium to the price on April 18, is full and fair.

Human Genome shares were at $14.35 in pre-market trading on Nasdaq by 1220 GMT after closing at $14.62 on Tuesday - above GSK's offer price but still only half the peak touched in April last year, when investors' hopes were higher for its new drug for the autoimmune condition lupus, Benlysta.

GSK and the U.S. pioneer of gene-based drug discovery sell Benlysta together and the companies are collaborating on two other experimental drugs in late-stage trials for diabetes and heart disease that could become significant sellers.

Buying Human Genome would give GSK full rights to these partnered drugs, underscoring the appetite among big drugmakers for biotech products to refill their medicine chests.

A spokeswoman for GSK declined to say exactly when this week the tender, which will stay open for 20 business days, would be launched. The standard practice is for tender offers to proceed only if the buyer gets a majority of the shares, but there is scope to extend or amend the offer.

GSK stock was down 1.9 percent, underperforming a 1.3 percent fall in the London FTSE 100 index, after it announced the planned tender offer on Wednesday.

NO NEED TO JOIN REVIEW PROCESS

Human Genome has hired Goldman Sachs and Credit Suisse to explore strategic alternatives, including a possible sale of the company, and has invited GSK to join the process.

But GSK, which is being advised by Lazard and Morgan Stanley, said it would not participate in that strategic review.

"GSK's participation in the process is unnecessary as its offer is not conditioned on due diligence or financing and can be completed expeditiously," it said in a statement.

"It is important for HGS shareholders to understand that GSK is committed to proceeding with its offer."

GSK's partnership with the Rockville, Maryland-based company goes back two decades, and even though the deals between the two companies have no tricky change-of-control clauses, analysts doubt another company will emerge as a "white knight" bidder.

Any non-GSK acquirer would only get partial control of the key drugs, which could make it an unappetizing target.

GSK and Human Genome share rights to Benlysta, but GSK is in charge of developing both the new heart drug darapladib and albiglutide for diabetes. As a result, the British-based company already has a dominant economic interest in these two drugs.

HOLDING THE CARDS

"Glaxo holds a lot of the cards in this story," said Navid Malik, an analyst at Cenkos Securities.

"I think Glaxo will have to raise its offer but probably not significantly ... the right price for shareholders in Human Genome would be in the mid to high-teens (dollars per share)."

Many shareholders bought into Human Genome when the shares surged from some $3 in July 2009 after impressive clinical trials results with Benlysta, when they may have paid around $15-18 a share.

Drugmakers around the world are seeking deals to get new drugs into the pipeline as older products lose patent protection, and GSK's bid for Human Genome is the latest in a recent wave of takeover activity in the biotechnology sector.

AstraZeneca (NYSE: AZN) last month agreed to buy Ardea Biosciences (Nasdaq: RDEA) for $1.26 billion to access a promising gout drug, while Roche made an ultimately unsuccessful bid for gene sequencing firm Illumina in January.

GSK said it would prefer to complete the deal on "a friendly basis in a timely fashion" and it remained willing to discuss its offer with Human Genome at any time.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Janice MeehanWed, 09 May 2012 13:35:31 GMThttp://www.pennypayday.com/street-beat-articles-29/4234-gsk-to-go-hostile-with-26-bln-human-genome-nasdaq-hgsi-tender.aspxDisney (NYSE: DIS) earnings rise despite "John Carter" losshttp://www.pennypayday.com/street-beat-articles-29/4233-disney-nyse-dis-earnings-rise-despite-john-carter-loss.aspxAtlanta, GA 5/9/12 (StreetBeat) -- Walt Disney Co's (NYSE: DIS) quarterly earnings beat Wall Street expectations as profit rose 21 percent despite a loss from the science fiction film bomb "John Carter."

Strong attendance at theme parks and higher advertising revenue at cable networks, including sports powerhouse ESPN, helped drive quarterly growth.

The earnings report followed a massive opening weekend for "The Avengers," a superhero movie that set an industry record with ticket sales of $207.4 million over its first weekend. An "Avengers" movie sequel is in the works, Chief Executive Bob Iger told analysts.

The company's film studio needed a hit after "Carter," a $250 million production that dragged the company's studio unit to an operating loss of $84 million for the fiscal second quarter. Studio chief Rich Ross stepped down April 13 after the film flopped.

Despite the studio loss, Disney posted fiscal second quarter earnings of $1.1 billion and a 6 percent increase in revenue to $9.629 billion.

Adjusted earnings per share rose 18 percent to 58 cents. Analysts on average had expected 55 cents.

As in recent quarters, Disney's earnings were boosted by its media unit, which includes ESPN and ABC. Operating earnings in that unit increased 13 percent to $1.7 billion in the latest quarter.

Visitors kept filling Disney theme parks, and the Disneyland resort in California set a second-quarter attendance record, Chief Financial Officer Jay Rasulo said. Earnings at the theme park unit rose 53 percent to $222 million.

"You've got a parks recovery that's underway, and you have a cable network business that's best in class. It showed good growth on the top-line," said Janney Montgomery Scott analyst Tony Wible, who rates Disney a "buy" with a $49 price target.

At the ABC television network, ad rates rose 6 percent, Rasulo said. In the current quarter, ad pricing is running 20 percent higher than rates it got during the "upfront" selling season last spring, he said.

Looking ahead, Iger said he expected "a very strong upfront marketplace" after the network pitches its new shows to advertisers next week.

The quarterly results do not include the staggering results from "Avengers," the Marvel superhero movie that has already pulled in $702.2 million around the globe. Since the opening, "Avengers" merchandise has flown off shelves at stores and Disney parks, CEO Bob Iger told analysts. Some products have sold out, and the company is working to meet demand, he said.

"Interest is clearly keen wherever our Marvel characters are touching the public," he said.

Disney's ABC News unit and Univision also said on May 7 that they would create an English language cable channel aimed at the booming Hispanic market, a bid to expand its news operation that it struggled for years to find.

Iger said Disney was "excited about the opportunity" to reach the growing Hispanic market. But he said the company made a "relatively modest" investment in the project that will yield a "relatively small" impact on the company's overall business.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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]]>Bob BenderWed, 09 May 2012 13:24:06 GMThttp://www.pennypayday.com/street-beat-articles-29/4233-disney-nyse-dis-earnings-rise-despite-john-carter-loss.aspxMacy's (NYSE: M) 1Q earnings up 38 percenthttp://www.pennypayday.com/street-beat-articles-29/4232-macys-nyse-m-1q-earnings-up-38-percent.aspxAtlanta, GA 5/9/12 (StreetBeat) -- Macy's (NYSE: M) is reporting a 38 percent increase in its first-quarter profit as the department store chain continues to reap benefits from its move to tailor its fashions to local markets.

The results beat analysts' expectations but the company failed to boost its guidance for the year.

Macy's Inc. shares fell 4 percent in early premarket trading.

The retailer said Wednesday that its net income rose to $181 million, or 43 cents per share, for the three-month period ended April 28. That's up from $131 million, or 30 cents per share, a year ago.

Revenue rose 4.3 percent to $6.14 billion.

Analysts surveyed by FactSet had expected 40 cents per share on revenue of $6.14 billion.

Revenue at stores opened at least a year climbed up 4.4 percent for the quarter.

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]]>Bob BenderWed, 09 May 2012 13:18:29 GMThttp://www.pennypayday.com/street-beat-articles-29/4232-macys-nyse-m-1q-earnings-up-38-percent.aspx