Daily Stock List
SinoHub, Inc. (SIHI)
SmarTrend Newsletters, HotOTC, StockRich, CoolPennyStocks, PennyStockVille, BullRally, StockEgg, MadPennyStocks, and PennyInvest reported recently on SinoHub, Inc. (SIHI), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
SinoHub, Inc. is an electronics company with headquarters in Shenzhen, People's Republic of China. The Company services clients around the world. SinoHub currently engages in two business segments. These are electronics product manufacturing and sales (ICM, Integrated Contract Manufacturing), and electronic component sales and services (ECSS) comprised of electronic component sales (known as ECP) and electronic component supply chain management services (known as SCM). SinoHub reports on each of ICM and ECSS as separate business segments.
The Company's ICM business unit is currently focusing on providing custom, private label mobile phones to customers in developing countries. This fast growing ICM segment is capitalizing on a trend by carriers and distributors to offer their own brands with features and functionality targeted at their local markets. This includes 3G smart phones, at competitive prices.
SinoHub's ECSS business unit provides procurement-fulfillment, spot component sales and supply chain management (SCM) services to manufacturers and design houses. The Company's SCM services include warehousing, delivery, import/export, and give their customers complete transparency into their supply chains through delivering SinoHub SCM. This is a proprietary, Web-based software platform the Company has been using for nearly ten years.
Last month, SinoHub announced that they entered into a Joint Venture Agreement with Ciao Telecom, Inc. Ciao Telecom is a worldwide provider of telecommunications products and services with headquarters in the United States. The Joint Venture Agreement is to manufacture and market mobile communications devices in Brazil.
Currently, Brazil is one of the largest, fastest growing mobile communication device markets in the world, with 276 million active mobile phones expected by year-end 2012. This represents an annual growth rate of 14 percent. Through this joint venture, SinoHub and Ciao Telecom will work to capitalize on these growth trends by manufacturing and marketing high quality mobile phones and tablets.
The joint venture will organize a Brazilian corporation to be named CiaoHub, S.A. (CiaoHub), which will conduct operations in Brazil. SinoHub and Ciao Telecom will each own 47 percent of the new company, with the remaining 6 percent to be equally divided among the six directors of CiaoHub.
SinoHub, Inc. (SIHI) closed Thursday's trading session at $0.62, up 3.52%, on 151,868 volume with 245 trades. The average volume for the last 60 days is 43,109. The 52-week low/high is $0.36/$2.10.
CWC Well Services Corp. (CWC.V)
Today we are highlighting CWC Well Services Corp. (CWC.V), here at the QualityStocks Daily Newsletter.
CWC Well Services Corp. is a premier well servicing company that lists on the OTC Bulletin Board. The Company operates in the Western Canadian Sedimentary Basin (WCSB) with a complementary suite of oilfield services. These include service rigs, coil tubing, snubbing and well testing. Their corporate office is in Calgary, Alberta. CWC has operational locations in Red Deer, Provost, Lloydminster, Brooks, and Grande Prairie, Alberta and Weyburn, Saskatchewan.
The Company provides the above-mentioned service to established oil and gas producers in the WCSB. These oilfield service activities are necessary to complete newly drilled wells and to maintain ongoing servicing of producing wells. CWC's services are provided through two divisions. These divisions are Well Servicing and Other Oilfield Services.
The Well Servicing division consists of service rigs and coil tubing. These service rigs provide completions, workovers and abandonments with depths ranging from 1,500 to 5,000 meters. They are well positioned throughout the WCSB. CWC also operates 8 coil tubing units to a maximum capacity of 2-inch coil and depth rating from 1,500 to 4,000 meters. CWC's Well Servicing division is well positioned for the changing demands of their oil and gas customers for horizontal drilling and deeper depth capabilities.
The Other Oilfield Services division consists of snubbing units and well testing packages. CWC has 8 rig assist and stand-alone snubbing units. CWC also operates 12 well testing packages ranging from 200 to 285 psi trailer-mounted pressure tanks and 18 meter freestanding flare stacks.
Earlier this month, CWC released their operational and financial results for the year ended December 31, 2011. Revenue in 2011 totaled $109.5 million, a $40.6 million increase (or 59 percent) over the prior year. EBITDAS totaled $28.5 million (26 percent of revenue) in 2011, a $15.5 million increase (or 119 percent) over the prior year. The increase reflects the growth of the well servicing segment where the service rig count increased to 63 service rigs from 41 service rigs in the prior year.
Net income increased by $15.5 million (or 554 percent) to $12.7 million ($0.08 per share) in 2011 as compared to a net loss of ($2.8) million ($0.02 loss per share) in the prior year. On December 9, 2011, CWC completed the sale of their nitrogen assets for gross proceeds of $7.6 million in cash, which were used to reduce the Company's bank indebtedness. The transaction resulted in a gain of $1.4 million.
Last week, the Company announced that their Board of Directors declared a dividend of $0.0325 per common share. They will pay the dividend on July 13, 2012 to shareholders of record on June 29, 2012. The ex-dividend date is June 27, 2012.
CWC Well Services Corp. (CWC.V) closed Thursday's trading session at $0.82, up 1.23%, on 41,269 volume. The 52-week low/high is $0.34/$0.90.
Delta Mutual, Inc. (DLTZ)
We are highlighting Delta Mutual, Inc. (DLTZ), here at the QualityStocks Daily Newsletter.
Delta Mutual, Inc. is a development stage independent oil and gas company. They engage in oil and gas acquisition, exploitation, production and exploration activities primarily in Argentina. Additionally, they have ownership interests in certain mineral rights located in Argentina. The Company also focuses on the energy sector, including the development and supply of energy and alternative energy sources in Latin America and North America. Delta Mutual has their headquarters in Scottsdale, Arizona.
On March 4, 2008, Delta Mutual entered into a Membership Interest Purchase Agreement with Egani, Inc. With the Agreement, they acquired from Egani 100 percent of the shares of stock held by Egani in Altony S.A., an Uruguay Sociedad Anonima, (Altony), which owns 100 percent of the issued and outstanding membership interests in South American Hydrocarbon Fluids LLC, (formerly South American Hedge Fund LLC, the name of which was changed to their present name on November 4, 2011, sometimes referred to as "SAHF").
Delta Mutual's current investments in oil and gas properties were purchased by SAHF and contributed to Delta Mutual as part of a reverse merger transaction in March 2008. Subsequently, SAHF sold working interests rights in two of their oil and gas interests to carrying parties to fund the drilling and development activities for the properties. The Company retained their working interest in the third oil and gas property (Salta Province) and sold equity in a series of private placement transactions to fund the initial drilling and development - second half of 2010. The primary focus of Delta Mutual's business in South America is in their Oil and Gas concessions in Argentina through their wholly owned subsidiary, SAHF, which holds these investments with other international known oil and gas companies.
Delta Mutual's intention is to use the proceeds from the production revenues from existing properties to look for property acquisitions that complement and geographically diversify their core investments in energy related properties. Their corporate goal is to generate meaningful growth in shareholder value through the discovery and development of proved oil and gas reserves or other minerals. They have focused on concessions where there are shut-in, plugged or abandoned wells that have, in the Company's assessment, a high probability of additional recovery of reserves through the revitalization of the wells using standard oil and gas industry practices to bring back wells into production or to enhance production.
Furthermore, their growth plan centers upon the pursuit of energy related development projects that they believe will generate attractive rates of return while maintaining a balanced portfolio of lower risk long-lived oil and gas properties that provide stable cash flows. Their main sources of revenue will come from the sale of crude oil and natural gas produced from oil and gas concessions.
Delta Mutual, Inc. (DLTZ) closed Thursday's trading at $0.46, up 4.55%, on 808 volume with 2 trades. The average volume for the last 60 days is 12,217. The 52-week low/high is $0.05/$0.55.
Vertical Computer Systems, Inc. (VCSY)
Stockpalooza and StockHotTips reported previously on Vertical Computer Systems, Inc. (VCSY), and today we report on the Company, here at the QualityStocks Daily Newsletter.
Vertical Computer Systems, Inc. is a provider of Internet core technologies, administrative software, and derivative software application products. The Company's business model combines complementary, integrated software products, the internet core technologies, and a multinational distribution system of partners. This is to create a distribution matrix that they believe is capable of penetrating multiple sectors through cross promotion. The Company also plans to find national marketers and international resellers who can commercially exploit their products in niche markets. Vertical Computer Systems has their headquarters in Richardson, Texas.
The Company's main Internet core technologies include SiteFlash™, ResponseFlash™, and the Emily XML Scripting Language, which can be used to build web services. Their main administrative software product is emPath®, designed to handle the most complex Payroll and Human Resources challenges.
SiteFlash™ technology enables users to build and efficiently operate websites. ResponseFlash™ is a high-end software package solution for government agencies. Users utilize the Emily XML Scripting Language to develop their own XML-based web services.
emPath® is a fully web-based Human Resource Management System (HRMS) solution. It tightly integrates the organization's human resources and payroll functions. emPath® provides comprehensive administrative and workflow capabilities, as well as employee empowerment by way of employee and manager self-service.
In regards to Consulting, Vertical Computer Systems provides consulting services, primarily implementation and training services, to their clients using a time and materials pricing methodology. The Company prices their delivery of consulting services on a time and materials basis where the customer is either charged an agreed-upon daily rate plus out-of-pocket expenses or an hourly rate plus out-of-pocket expenses. In this case, Vertical Computer Systems is paid fees and other amounts generally on a monthly basis or upon the completion of the deliverable service and recognizes revenue as the services are performed.
Concerning Software Licenses, the Company sells concurrent perpetual software licenses to their customers. The license gives the customer the right to use the software without regard to a specific term. Software licenses typically sell as part of a multiple element arrangement that may include maintenance and, under a separate agreement, consulting services.
Vertical Computer Systems, Inc. (VCSY) closed Thursday's session at $0.02, down 1.11%, on 73,350 volume with 16 trades. The average volume for the last 60 days is 296,197. The 52-week low/high is $0.01/$0.02.
ProSep Inc. (PRP.TO)
Today we are reporting on ProSep Inc. (PRP.TO), here at the QualityStocks Daily Newsletter.
ProSep Inc. is a technology-focused process solutions provider to the upstream oil and gas industry. The Company designs, develops, manufactures and commercializes technologies to separate oil, water and gas generated by oil and gas production. ProSep Inc. has their headquarters in Montreal, Quebec. They carry out operations through a network of companies worldwide: ProSep (USA) Inc. (formerly known as Technologies, Inc.), in Houston, Texas; ProSep (Norway) AS in Haugesund, Norway; ProPure ME in Manama, Bahrain; and ProSep (Asia-Pacific) in Kuala Lumpur, Malaysia.
ProSep has a broad range of conventional and proprietary process equipment sold in units or in packages to oil and gas producers and engineering procurement and construction firms (EPC) with or without process warranties. The Company is a solutions provider supplying high efficiency process equipment packages with process warranty. They provide in-house engineering from the process to the details and both direct and hands-on involvement with project management that includes fabrication, assembly commissioning, and services.
The Company's onshore and offshore oil process solutions offer designs based on more than half a century of oil treating project and operations experience. They offer individual treating units or fully integrated process trains. Concerning Gas, ProSep offers treatment solutions for gas scrubbing, sweetening, scavenging, conditioning and dehydration. Concerning Water, the Company offers state-of-the-art produced water treatment systems.
This month, ProSep announced that they were awarded two contracts for a total value of $2.3 million. Hyundai Engineering Co. Ltd. awarded the first contract, for a produced water treatment package, to ProSep Kolon (ProSep's South Korean joint venture company). This is for installation at a gas processing plant. The plant is currently under development in Oman. The second award is for a second-stage crude oil separator for an offshore facility located in Latin America. The expectation is that both projects will be completed by the end of 2012.
ProSep Inc. (PRP.TO) closed Thursday's trading session at $0.11, even with yesterday’s close, on 186,600 volume. The 52-week low/high is $0.04/$0.13.
Solo International, Inc. (SLIO)
Galaxy Stocks, OTCtipReporter, PennyTrader, Stockdigest Report, Michael Stone, Growing Stocks Reports, PickPennyStocks, Research Driven Investor, and Canadian Microcap Report reported recently on Solo International, Inc. (SLIO), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Solo International, Inc. is an exploration and development mining company that lists on the OTC Bulletin Board. The Company focuses on deposits of rare earth metals and REEs. The Company has mineral claims totaling 120 hectares located in the mining friendly jurisdiction of Portland Township, Quebec, Canada. Solo International has their headquarters in Montreal, Quebec.
The Company is focusing on the acquisition, exploration, production, development and potentially, the operation of mining properties in strategic bulk mineable industrial metals (such as REE's, Titanium and Phosphates) sectors of eastern Canada. All of Solo International's properties are currently at the exploration stage in the Province of Quebec.
Rare earth elements are essential raw materials used in nearly all sustainable energy technologies and a broad array of defense applications. The United States Geological Survey has listed Rare Earth Oxides as one of 19 minerals or materials that the United States is 100 percent import dependent upon. Rare earth elements (REE) are important for the manufacture of steel, autos, motors, glass and electronic components. This makes REE a strategic material because China holds most of the worldwide production at ninety-seven percent.
Quebec has what may be large deposits of apatite, the parent mineral for rare earth elements. Recent assessments of several areas near Notre Dame-de-la-Salette indicate recoverable deposits of apatite in a location previously mined in the late 1800's. This location has designation as Philadelphia. There are a number of other old mines near this location. These are McLaren, Lac Tamo, Craft, North Star and Chapleau.
Last month, Solo International announced that the Company reached an agreement with Rare Earth Resources (Terres Rares Resources) where Rare Earth Resources has agreed to assist Solo International in their exploration and potential development of the Company's Philadelphia Rare Earth mineral claims located approximately 4 km northeast of Notre-Dame-De-La-Salette, Quebec.
Solo International's President, Michel Plante, stated, "Rare Earth Resources has extensive experience in this area; they have staked thousands of acres of geologically viable ground and have either overseen or performed numerous geological programs in the jurisdiction."
Solo International, Inc. (SLIO) closed Thursday's session at $0.08, even with yesterday’s close, on 11,110 volume with 3 trades. The average volume for the last 60 days is 234,305. The 52-week low/high is $0.03/$0.24.
Alvarion Ltd. (ALVR)
Bull Warrior Stocks, CoolPennyStocks, PennyStockVille, BullRally, StockEgg, StockRich, MadPennyStocks, HotOTC, PennyInvest, and Stock Fortune Teller reported recently on Alvarion Ltd. (ALVR), and we highlight the Company, here at the QualityStocks Daily Newsletter.
Alvarion Ltd. provides optimized wireless broadband solutions addressing the connectivity, coverage and capacity challenges of telecom operators, smart cities, security, and enterprise customers. The Company bases their solutions on multiple technologies across licensed and unlicensed spectrums. Alvarion established in 2001 with the merger of BreezeCOM and Floware, two leading broadband wireless access equipment developers offering point-to-multipoint broadband wireless access solutions. Alvarion has their corporate headquarters in Tel Aviv, Israel.
The Company empowers their customers and collaborates with innovative 4G networks that provide wireless broadband services. Alvarion offers future-proof 4G solutions for a broad spectrum of frequency bands supporting an array of business cases. The Company has their open-network strategy, IP and OFDMA expertise, and the ability to deploy large-scale, end-to-end, turnkey networks.
Alvarion provides WiMAX and non-WiMAX wireless broadband systems. They launched 250 commercial WiMAX deployments globally. The design of their solutions is to cover a range of frequency bands with fixed, portable, and mobile applications. This is to enable the delivery of personal broadband services, business and residential broadband access, corporate virtual private network (VPN), toll quality telephony, mobile base station feeding, hotspot coverage extension, and services for diverse vertical markets. These include municipalities, public safety, mining, utilities, video surveillance, and border control.
Their business mainly focuses on solutions, based on the WiMAX standard, that are used for primary wireless broadband access. Alvarion also sells their non-WiMAX products, which address point-to-point and point-to-multipoint architectures for various end-user profiles. These include residential, small office/home office, small/medium enterprises, multi-tenant/multi-dwelling units, and large enterprises. The Company also provides network management solutions for their wireless solutions. Their solutions provide high-speed wireless last mile connection to the Internet for homes and businesses in developed and emerging markets.
Last week, Alvarion announced that Mr. Dan Yalon joined the Company's Board of Directors. For the past four and a half years, Mr. Yalon has served as the Chief Strategy Officer of NICE Systems (NASDAQ: NICE).
Alvarion Ltd. (ALVR) closed today's session at $0.93, up 1.10%, on 128,731 volume with 200 trades. The average volume for the last 60 days is 198,524. The 52-week low/high is $0.81/$1.96.
Dataram Corp. (DRAM)
FeedBlitz and SmallCapVoice reported previously on Dataram Corp. (DRAM) and today we choose to highlight the Company, here at the QualityStocks Daily Newsletter.
Dataram Corp. is a global leader in the manufacture of high-quality computer memory, storage and software products. The Company's products and services deliver IT infrastructure optimization, significantly increase application performance, and deliver substantial cost savings. Their solutions undergo deployment in 70 Fortune 100 companies and in mission-critical government and defense applications worldwide. Founded in 1967, Dataram has their headquarters in Princeton, New Jersey.
The Company engages in the development, manufacture, and marketing of large capacity memory products mainly utilized in high performance network servers and workstations around the world. Dataram offers customized memory solutions for original equipment manufacturers (OEMs) and compatible memory for computers manufactured by various companies. In addition, they manufacture a line of memory products for Intel and AMD motherboard based servers. Dataram sells their memory products to OEMs, distributors, value-added resellers, and end-users.
Recently, the Company announced that they deployed their Quote & Order Application demonstrating their continued investment in and commitment to their Strategic Partners. The introduction of this application complements the wide array of services and support available exclusively to Dataram partners through their web-based Partner Portal.
Dataram's Partner Portal supports deal registration, lead submission/tracking and business planning. With the addition of the Quote & Order Application, Strategic Partners can use the 24/7 accessibility to create customized memory quotes, with the benefit of having those quotes housed in a central repository for future viewing and processing.
On March 9, 2012, Dataram received an offer to sell patents that were issued to the Company over the past few years. The offer preserves the right for Dataram to use the patents. Dataram also retains the right to sell a transferable license to another company. The ability to use the patents and have a transferable license satisfies the Company's needs while providing a path to recoup a portion of their investment and increase value to their shareholders. This is the first time in the Company's 44-year history that they have invested time and money to formally create, write and apply for patents. The patents protect XcelaSAN® and other storage architectures. Dataram Management expects to monetize the investment in patents.
Dataram Corp. (DRAM) closed Thursday's session at $0.78, up 8.36%, on 12,818 volume with 25 trades. The average volume for the last 60 days is 9,987. The 52-week low/high is $0.60/$2.30.
SilverSun Technologies, Inc. (SSNT)
The QualityStocks Daily Newsletter would like to spotlight SilverSun Technologies, Inc. (SSNT). Today, SilverSun Technologies, Inc. closed trading at $0.16, up 54.59%, on 50,777 volume with 14 trades. The stock’s average daily volume over the past 60 days is 5,738, and its 52-week low/high is $0.005/$0.36.
SilverSun Technologies, Inc. reported its financial results for the calendar year ended December 31, 2011, in a Form 10-K filed with the Securities and Exchange Commission. The company’s revenues for the twelve-month period increased 40.5% year-over-year to a record $10,522,080 from $7,486,703 in 2010. Net income on a consolidated basis totaled $2,708,931, also a record, up from a net loss of $568,505 on a consolidated basis for the previous year.
SilverSun Technologies, Inc. (SSNT), via wholly-owned subsidiary SWK Technologies, is a premier total solutions provider specializing in business software for manufacturers and distributors. Established in 1988, the company focuses on meeting the needs of small-sized and mid-sized businesses ("SMB" marketplace) with accounting and business management products, including SilverSun's own proprietary software. The company also offers its own cloud-based solutions and provides network services (network configuration, data backup, 24/7 remote monitoring, etc.) to its clients.
SilverSun distinguishes itself from traditional software resellers by offering a wide range of value-added services, consisting primarily of programming, training, technical support, and other consulting and professional services. The company also provides software customization, data migration, business consulting, and implementation assistance for complex design environments. Currently, the company has over 1,000 active customers.
In addition to driving organic growth, SilverSun's aggressive growth strategy includes acquiring firms in the extensive and expanding SMB marketplace to create substantial value for its shareholders, employees, and partners. SilverSun aims to leverage SWK Technologies as a platform to roll up and aggregate the best and brightest ERP resellers, as well as other software companies with proprietary products that serve the SMB marketplace. The company's most recent acquisition was in January 2012.
In 2011, SilverSun increased sales 40% over the previous year and strengthened its balance sheet through the elimination of all outstanding debt. With organic sales accelerating, significant debt reduction, and great depth of expertise and resources, SilverSun is well positioned to become a dominant player in the growing business software marketplace. Disclaimer
SilverSun Technologies, Inc. Blog
SilverSun Technologies, Inc. News:
SilverSun Technologies Reports Record Revenues and Earnings for Full Year 2011
SilverSun Technologies Signs Letter of Intent to Acquire HighTower
SilverSun Technologies Eliminates Additional $1.3 Million of Debt
TiVUS, Inc. (TIVU)
The QualityStocks Daily Newsletter would like to spotlight TiVUS, Inc. (TIVU). Today, TiVUS, Inc. closed trading at $0.0005, up 66.67%, on 15,775,225 volume with 17 trades. The stock’s average daily volume over the past 60 days is 26,616,148, and its 52-week low/high is $0.0001/$0.03.
TiVUS, Inc. (TIVU) is a cutting edge provider of information, content distribution, media management and secure communications to the hospitality industry. The company's state of the art digital technology platform and Internet Protocol (IP) infrastructure presents hotels with a valuable opportunity to generate new revenue while enhancing guests' experiences by providing content that is more relevant to their unique interests.
The company's integrated platform stands far beyond the competition, offering unparalleled guest services such as messaging, folio review, express check outs, energy management and other personalized services while providing the traditional services of Free to Guest (FTG) programming, Video-On-Demand programming, a highly secured high speed internet service and many other interactive services such as gaming.
By combining TV and the web world through unparalleled IPTV/HDTV service, hotels are able to generate additional income through commercial spots, advertisements of local tourist services, hotel promotions and more. Features of the platform includes remote administration, support for more than twenty languages, easy installation and a comprehensive hotel services menu capable of providing detailed information about the hotel and upcoming activities, billing information, room service, guest messages and wake-up services.
The system's architecture consists of a Network Operating Center (NOC) and local hotel servers connected through a point-to-point broadband network. As each guest accesses the network, the resulting traffic generated undergoes analysis based on various criteria. This includes behavioral, geographical, seasonality, and more. Using this data, hotels are able to ensure advertisers maximum value for their advertising budget. Disclaimer
TiVUS, Inc. Company Blog
TiVUS, Inc. News:
TiVUS Offers Free-to-Guest Hotel TV Digital Programming
TiVUS' Ad-Insertion Attracts Diverse Range of Advertisers
TiVUS' First Ad-Insertion Revenues Begin - Hotel TV advertising embraced by local merchants
GlobalWise Investments, Inc. (GWIV)
The QualityStocks Daily Newsletter would like to spotlight GlobalWise Investments, Inc. (GWIV). Today, GlobalWise Investments, Inc. closed trading at $1.82, up 4.00%, on 4,200 volume with 9 trades. The stock’s average daily volume over the past 60 days is 3,550, and its 52-week low/high is $1.20/$1.80.
GlobalWise Investments, Inc. (GWIV), via wholly-owned subsidiary Intellinetics, Inc., is a leading-edge technology company focused on Enterprise Content Management (ECM) solutions for the digital age. The ECM industry continues to grow rapidly as a result of unrestricted proliferation of digital content within today's business environment. Leveraging its proprietary cloud-based computing software, GlobalWise is poised to capture a significant market share of this burgeoning industry.
GlobalWise's ECM service is delivered to customers via five unique delivery models which cover the spectrum of business needs: Cloud/Saas (Software as a Service), Hardware Vendor Integrated Service, Software Vendor Integrated Service, Premise (Client-Server), Hybrid (Premise & Cloud/Saas).This diversity gives advanced security & privacy features with an on-demand structure needed for large Tier 3 and Tier 4 businesses that are currently underserved by the market.
The Intellinetics platform defines a new industry benchmark and game-changing approach by combining advanced virtualization & automated content management with an open and service-oriented architecture using web services. The company provides strategies, tactics, and technologies used to manage paper and digital assets from capture to long-term archive, without the need for manual processes conducted by a full time employee.
GlobalWise's management boasts a combined total of over 60 years in ECM leadership and industry experience. The ECM industry is expected to exceed $5.1 billion by 2013 with Gartner predicting a compound annual growth rate of 9.5%. IBM Market Insights predicts adoption of cloud computing to grow by 26% CAGR between 2010 through 2013. Leveraging management and key department heads, Intellinetics has a strong foundation from which to capture significant market share within the lucrative $149 billion Business Software & Services industry. Disclaimer
GlobalWise Investments Company Blog
GlobalWise Investments News:
GlobalWise Market Expansion to Capitalize on Industry Trends and Innovations in Mobile Technology
GlobalWise Releases Case Study on Ricart Automotive Group
GlobalWise Announces Channel Sales Partnership With Primary Solutions
Beacon Enterprise Solutions Group, Inc. (BEAC)
The QualityStocks Daily Newsletter would like to spotlight Beacon Enterprise Solutions Group, Inc. (BEAC). Today, Beacon Enterprise Solutions Group, Inc. closed trading at $0.29, up 11.54%, on 23,635 volume with 7 trades. The stock’s average daily volume over the past 60 days is 1,284, and its 52-week low/high is $0.14/$0.54.
Beacon Enterprise Solutions Group, Inc. (BEAC) specializes in designing, implementing and managing high performance Information Technology Systems ("ITS") infrastructure solutions. Offering national, multi-national and global, turnkey ITS infrastructure solutions, the company is capable of delivery professional services to Fortune 1000 and large multi-site firms as they increasingly single source and outsource to reduce costs while optimizing critical planning, design, program, project and construction management and managed services.
Leveraging standardization, rapid mobilization and a just-in-time professional services approach, Beacon Enterprise Solutions serves as a single source for national, multi-national and global enterprise clients, including special practices focused on data centers, campuses, smart buildings, outside plant, wireless systems and other technology-based applications and projects. Clients are provided with consistent and predictable results anywhere in the world. The company's solutions allow clients to focus on their core businesses without the distraction of having employees spend valuable time on services that Beacon can provide on any continent, in any country using any language.
Headquartered in Louisville, Kentucky, with regional headquarters in Cincinnati, Ohio, Dublin, Ireland, and Prague, Czech Republic, in addition to personnel located throughout the United States and Europe, Beacon Enterprise Solutions services a diverse range of clients. For more than 30 years, the company has enabled businesses in a variety of vertical markets to dramatically reduce costs, enable global standardization, manage day-to-day technology systems moves, adds and changes, and take on major projects – all under a single national, multi-national or global agreement.
Beacon Enterprise Solutions has carefully assembled a seasoned management team and operating strategy to maximize organic growth and new business development across multiple vertical markets. More than 4,000 companies, from small businesses to Fortune 50 firms, have chosen the company's solutions. Disclaimer
Beacon Enterprise Solutions Group, Inc. Blog
Beacon Enterprise Solutions Group, Inc. News:
Beacon Enterprise Solutions Highlights New Product Offering for Fortune 1000 Clients
Beacon Enterprise Solutions Reports 36% Increase in Blended Project Funnel
Beacon Enterprise Solutions Hires Industry Sales Veteran
SilverSun Technologies, Inc., a total solutions provider specializing in business software for the small and medium-sized business market, just reported its financial results for the calendar year ended December 31, 2011, in a Form 10-K filed with the Securities and Exchange Commission.
The company’s revenues for the twelve-month period increased 40.5% year-over-year to a record $10,522,080 from $7,486,703 in 2010. Net income on a consolidated basis totaled $2,708,931 for the year ending December 31, 2011, also a record, as compared to a net loss of $568,505 on a consolidated basis for the year ended December 31, 2010, an increase of $3,277,436.
Earnings per share was reported at $0.58 for the year ending December 31, 2011, a substantial improvement over the net loss of $0.13 per share reported for the previous year. Earnings per share on a fully diluted basis was $0.02 for the year ending December 31, 2011, compared to a net loss per share of $0.13 on a fully diluted basis for 2010.
Mark Meller, Chief Executive Officer of SilverSun Technologies, stated, “This was a banner year for our Company, and we are very pleased to report financial improvements across the board. Operating profit, despite the expenses we incurred as a result of our restructuring, was still $260,000. Furthermore, we have secured a line of credit with a commercial lender and have reduced our total liabilities by $3,712,550, from $6,133,472 on March 30, 2011, to $2,420,922 as of December 31, 2011, a reduction of 60.5%.”
“Our Company is working hard to execute on its aggressive growth plan,” Meller added. “With organic sales accelerating, significant reduction of our debt, and a profitable operating business, we are well positioned to commence the next phase of our growth strategy, which includes the acquisition of other resellers and proprietary products. We are excited about the future and look forward to providing additional information on further developments.”
Vertex Energy, a leading environmental services company that recycles industrial waste streams and off-specification commercial chemical products, today announced its financial results for the fourth quarter and full year ended December 31, 2011.
Fourth quarter revenue increased nearly 100 percent to $31.3 million for 2011 compared with $15.7 million in revenue reported for the fourth quarter of 2010.
Gross profit was $1.31 million compared with $1.48 million during the fourth quarter of 2010.
Income from operations was $235,829 compared with $510,205 during the fourth quarter of 2010.
Net income was $2.1 million compared to $467,280 in last year’s fourth quarter; $1.8 million of this increase is attributable to the tax benefit stemming from the net operating losses related largely to the World Waste Technologies merger.
Vertex’ sales volumes improved 29 percent in the fourth quarter of 2011 compared to the fourth quarter of 2010.
“While the fourth quarter income results were behind last year’s fourth quarter, we are entering the new year in a position of strength. We believe improvements will continue into 2012, and expect the first quarter 2012 to outperform the first quarter of 2011,” Benjamin P. Cowart, CEO of Vertex stated in the press release.
Full-year 2011 revenues increased 89 percent to $109.7 million for the year ended 2011 compared with $58.1 million in 2010.
Gross profit increased to $8.1 million, a 90 percent increase over the $4.2 million reported in 2010.
Income from operations improved 247 percent to $4.0 million, compared with $1.1 million reported last year.
Net income improved to $5.8 million or $0.39 per fully diluted share, compared with net income of $1.2 million, or $0.09 per fully diluted share, reported in 2010; net income for the 2011 year includes a $1.8 million tax benefit, primarily stemming from the company’s net operating losses related to the 2009 World Waste Technologies merger.
Company-wide sales volumes increased 26 percent over 2010.
According to Cowart, Vertex is moving through 2012 with “relatively no long-term debt, significantly increased cash flow, and advantageous market conditions” as the company continues to explore strategic acquisitions for further growth.
Independent energy company American Energy Development today announced it has re-started development on its 1,343 acre Dansville Prospect after an early end to Michigan’s Frost laws, which took effect in late February and were lifted on March 15.
Frost laws are seasonal restrictions implemented to curb traffic weight limits and speeds on roadways that are subject to thaw weakening. The laws were lifted early this year due to unseasonably warm temperatures in the region, which allows for American Energy to move forward on its second well, Cremer 1-1.
Cremer 1-1 has been surveyed and bonded, and the company said it expects to begin the drilling phase and spud in late April. The Cremer 1-1 well, as Brown 2-12, is located within the Niagaran oil reef structure, which covers roughly 4,000 square miles.
According to historical records of the Niagaran Reef Play in Michigan, there are more than 4,200 wells being drilled, targeting reef formations and producing a total of 472 MMBO and 2.8 TCF gas. Current development of these reef trends are being driven by Royal Dutch Shell, BP, and ExxonMobil.
Today, veteran oil and gas sector developer Pyramid Oil, which has been fielding acreage candidates and drilling wells since 1909, punched out some very nice FY11 and Q4 (ended Dec 31, 2011) financial data.
FY11 data offers a clear view of the company’s solid growth vector:
• Sales – up 26% to $5.7M (from $4.5M in 2010)
• Total Revenue – up 18% to $5.7M (from $4.8M)
• EPS – up 359% to $0.23 (from $0.05)
• Operating Cash Flow – up 47.1% to $2.5M (from $1.7M)
• Cash, Cash Equivalents, and Short-Term Investments – up 30.4% to $6M (from $4.6M)
• Long-Term Debt – under $25k
• Total Current Assets – $7.2M, with $6.5M in working capital and a ratio of 10:1
Sales rose on the strength of rising prices, which were up 38.8% per average BOE, to $104.78 (from $76.04 in 2010). Revenue data here is especially nice when considering that a portion of total revenue in 2010 was attributable to the $321k gain in Q3 from sale of a portion of PDO interests in a Texas gas venture.
Serious bottom-line growth was obtained by the company through this period, with operating income up sharply to $1.2M, compared to just $54k in 2010, even though there was some $727k in non-cash valuation allowances in 2011 (attributable to two new wells that failed to meet anticipated production results).
President and CEO of PDO, John Alexander, cited the sustained strength of the price environment for crude, combined with the company’s lean cost structure and production from PDO’s core properties, as making the 2011 report the most powerful in years. Projected exploratory operations and analysis of drilling prospects for 2012 on company leases in Kern County, CA, in conjunction with broader evaluation of external growth opportunities, will join with ongoing drilling at the company’s Carneros Creek property on Santa Fe #20 (started Q1 this year and projected to wrap up within days), leading to as many as three wells thus far PDO looks to drill this year (depending on rig availability).
The Q4 data rounds things out, with crude oil prices revenue and operating income in line with the year-long data:
• Total Revenue – up 18% to $1.4M (from $1.2M in Q4 FY10; 32.5% increase avg. BOE price)
• Operating Income – $435k compared to a loss of $91k
• Net Income and EPS – $344k, or $0.07/share, compared to a net loss of $27k, or $0.01/share
Even with ICE-traded oil futures for 2015 Brent off by almost $30, it is very clear that the underlying fundamentals do not support cheaper oil, and as we clear the middle of the week, France, the US, and the UK are even in talks about a possible release of strategic oil stocks. With Iran slated to drop serious capacity by the end of the month (as much as 14%), the EU embargo on Iranian oil only three months away, and US/EU sanctions being prepped with the aim of shutting down Iran’s nuclear program, the immediate vectors are clear. Even as crude throughput rises, serious shortfalls in global refining capacity continually crop up on the radar.
For more information on the financials, or to learn more about Pyramid Oil Company, please visit the company’s website at: www.PyramidOil.com
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