Tuesday, May 31, 2011
All 89 existing claims, as well as six newly added claims, of the Barcode Lookup Patent have been confirmed as being patentable by the PTO.
The PTO’s decision, which marks the final chapter in a lengthy process following a successful first reexamination proceeding that ended in confirmation of the patent in 2009, provides tremendous opportunities for companies in the mobile marketing and advertising space, allowing them to quickly implement new applications and services.
“We are delighted the PTO has again confirmed the strength of the ‘048 patent in the face of another third-party challenge to its validity. This ruling allows us to realize the potential of our efforts and innovations, further strengthening our partnerships,” said Laura Marriott, Chief Executive Officer of NeoMedia Technologies, Inc.
"We are extremely pleased that this patent has again withstood the extreme scrutiny of a Patent Office reexamination proceeding. Confirmation of a patent challenged by reexamination twice in four years in highly unusual, and we firmly believe this puts the issue of the validity of this patent to rest,” said Tony Barkume of Barkume & Associates, P.C., patent counsel for NeoMedia.
NeoMedia Technologies is a provider of 2D mobile barcode technology and infrastructure solutions that enable the mobile barcode ecosystem world-wide. Its technology platform transforms mobile devices with cameras into barcode scanners, enabling a range of practical and engaging applications including consumer oriented advertising, mobile ticketing and couponing, and business-to-business commercial track and trace solutions.
The unadjusted annualized fall of 3.61% was the biggest drop since November 2009. Only DC was higher from a year ago, this city’s home prices gained 4.31%. Twelve of the twenty cities were down more than five percent in the last year; Minneapolis was the worst at -9.96%.
Bank of Canada holds steady on rates at 1.00%, as expected; they reiterate concern about strength of their currency.
The May reading of the Chicago PMI was much worse than forecast, it was down eleven points on the month to 56.6; the lowest result since November 2009.
The details were even a bit weaker than the headline figure.
Prices Paid fell three points to 78.6
Production was down fourteen points to 56.0, lowest since September 2009
New Orders was down thirteen points to 53.5, also the weakest since September 2009
Order Backlogs is down to 51.7 from 62.4 the month before
Employment fell three points to 60.8
Inventories was up eight points to 61.6, and is now above New Orders by eight points, the first time this relationship has inverted since March 2009.
The May reading of Consumer Confidence was down more than five points from the month before to 60.8, it had been expected to rise about one point on the month. It is the lowest result in six months.
Both key components were down on the month. The Present Situation fell to 39.3 from 40.2 the month before. But the Expectations component was down eight points to 75.2, lowest since last October.
The Labor Differential was down one point on the month to -38.3.
Friday, May 27, 2011
Monro Muffler Brake uses a customized version of the VAST POS system, which has been modified to meet the company's specific service and tire store requirements, in all of its 780 retail locations. As the company continues to grow, the new release will increase management's ability to monitor operations and improve the quality and timeliness of store reporting. In addition, the new release will provide integration to ALLDATA's labor times and factory scheduled maintenance (FSM) data using the ISHOP integration connectivity standard.
Burt August, Director of In-Store Systems at Monro Muffler Brake, commented: "Aftersoft has been a very close partner of ours for more than 25 years. Our relationship is built on trust and the level of experience, expertise, and service they offer makes them the right choice for us. We are extremely fortunate to have this partnership with Aftersoft."
"Aftersoft Network is committed to delivering leading edge solutions that provide customers with a high return on their business and our long term relationship with Monro Muffler Brake is testimony to our service and the quality of our applications," said Bill Klepeiss, Chief Operating Officer at Aftersoft Network. "Monro is the largest chain of company-operated undercar care facilities in the United States and we are extremely pleased to be part of their ongoing growth. We look forward to continuing to work together to further enhance the VAST POS software in support of their expansion efforts."
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"The marketplace is approving of our products' capabilities," said Mark Kay, StrikeForce Technologies' CEO, "and the recent very high-profile online data breaches that have been in the news -- including RSA, Epsilon, Sony and others -- only serve to increase our confidence in our ability to meet or exceed our steep growth targets."
"Our sales pipeline continues to grow through the strong efforts of our sales channel partners. We believe that increasing rapid adoption by the marketplace of both our patent-protected 'Out-of-Band' authentication product and our patent pending keystroke encryption anti-keylogging product, combine with our solid new product pipeline to make us uniquely positioned to provide long-term solutions to both clients and prospects, while adding value to our shareholders," concluded Mr. Kay.
StrikeForce Technologies helps to prevent identity theft online. Its products help protect consumers and their families while banking and shopping online, and protect businesses in "real time" against data loss and breaches.
The Bridges lease is located in a historically productive area of Palo Pinto County on the eastern shore of Possum Kingdom Lake on Highway 16 near the town of Graford.
The Bridges lease has multiple productive zones from 1,100'-5,000’ in total depth and has existing production. There are also several offset producing wells in all directions on the adjoining leases.
Both Explortex and Mesa agree that with oil prices hovering around $100.00 per barrel, this is a prime opportunity to drill these relatively inexpensive wells. The AFE of each well is estimated at $550,000 per well.
In Mesa’s initial 3 well program, Explortex will acquire as much as a 50% Working Interest in each well to test multiple targets underlying the Bridges lease.
Fiscal 2011 Second Quarter Financial and Operational Highlights:
-- Transacted 3.6 million orders over the PNI Digital Media Platform, a 10%
increase compared to the second quarter of Fiscal 2010
-- Revenue of $5.0 million, compared to $5.3 million in second quarter of
-- Transactional revenue of $3.5 million, compared to $3.7 million during
the second quarter of Fiscal 2010 Transaction fees represented 69% of
total revenue for the quarter, consistent with the same period last year
-- Non-GAAP adjusted EBITDA(1) of $(0.1 million), compared to $1.0 million
during the same period last year
-- GAAP net loss after income taxes of $852,000 for the quarter
-- The Company extended its agreement with Costco for an additional five
year term through 2016
-- More than 700 promotions were offered over the PNI Digital Media
Platform during the quarter
"Our second quarter is historically our weakest and this year was no exception," said Kyle Hall, Chief Executive Officer of PNI Digital Media. "We were happy to announce our contract extension with Costco through 2016 and look forward to announcing more customer news as we are able."
Thursday, May 26, 2011
The line includes over 40 different styles in the assortment of necklaces, bracelets and key rings featuring inspirational and country music song lyrics such as "Jesus Take the Wheel/Carrie Underwood," "The Dance/Garth Brooks," "God of Wonders/Chris Tomlin," "My Wish/Rascal Flatts," "Heart of Worship/Matt Redman," "Live Like You Were Dying/Tim McGraw," "Mammas Don't Let Your Babies Grow Up To Be Cowboys/Willie Nelson," "Mighty to Save/Hillsongs," "American Honey" made famous by Lady Antebellum and many more. The retail price for the products ranges from to $4-7 USD.
"We are continuing to expand the range of music that drives the creative direction of our brands," said Hanna Rochelle, President of Lyric Culture. "Walmart is the ideal retailer to distribute the Lyric Nation line with inspirational and country music at its core," she continued.
Lyric Culture is a music inspired lifestyle brand driven by the song lyrics of legendary artists including The Rolling Stones, The Beatles, Joan Jett, Michael Jackson, Bob Marley, Fleetwood Mac and many others. By securing licensing rights from virtually all the major music publishing companies, this fashion brand creates new revenue streams for songwriters who penned the lyrics into a range of apparel and lifestyle products.
"Our new patent-pending C3 SmartRoom Information Management Solution (C3) is the foundation of HWI's domestic and international expansion. The C3 system can be implemented to comply with a wide range of regulatory standards across many industries in the worldwide marketplace. Completely scalable, the C3 system expands combining real time management automation into one customized integrated tool for any life science, health care, or research laboratory.
"Our HWI team of experts designs and builds clean-room services in accordance with the Federal mandate USP 797, which requires hospital pharmacies to conduct compounded sterile preparations in ISO classified clean rooms. Although a U.S. mandate, we have many opportunities to show how our higher clean-room design-build standards can be applied to international projects as well. In the United Arab Emirates, HWI recently announced its plans to enter into a joint venture with two well-established Middle East firms; ASCI Ltd. a UAE-based construction management firm, and Energy International Corporation, a premier exporter of American-based industrial equipment. The Company is also currently involved in three other projects where USP 797 standards are being implemented, not by law but by preference."
HWI Global is a provider of clean-room design engineering and construction, servicing clients in the Life Science, Health Science, Nanotechnology, Microelectronics and Aerospace industries.
Continuing Claims were down 46k to 3.690 million for the week ended May 14.
The Federal extended and emergency benefits programs were down 63k to 4.046 million for the week ended May 7.
The first revision of Q1 GDP fell short of the forecast, it was unrevised at +1.8%. The key was a downward revision to the important Personal Consumption component to +2.2% from the initial reading of +2.7%. But Gross Private Investment is now said to be +12.3% on the quarter, an upward change of almost four percent. Also offsetting was Inventories, but Net Exports were little changed from the initial report.
The GDP Price Deflator was unrevised at +1.9%, but the PCE Core inflation measure was revised down one tenth to +1.4%.
T3 has developed a very unique suite of copyrighted tools to address the network and database security needs of enterprise level companies and corporations. T3's risk management offering provides an unprecedented level of security and liability protection, positioning it as the only company with a comprehensive solution to data security breaches for its clients.
The Company's management believes that in order to maximize its success, T3 must explore opportunities to integrate its data security solutions with existing software platforms using a licensing model to generate revenue in addition to marketing its products directly to its target market.
Paul Hogan, CEO of Virogen, commented, "In addition to marketing our data security solutions directly to large enterprises and corporations, T3 will also pursue licensing opportunities with large software providers that could add value to their products by integrating our tools. We believe our Auditrac solution will especially be of great interest to these software providers because of its unique ability to track and store emails, files and data transmissions with complete accuracy, providing CFO's with peace of mind that in the event of any security breach and litigation, their information is retrievable and accurate."
Virogen, Inc. is a technology holding company. The company's wholly owned subsidiary, Tiger Team Technologies "T3"'s risk management offering provides an unprecedented level of security and liability protection, positioning it as the only company with a comprehensive solution to data security breaches for its clients. T3's primary markets include medical service providers, financial services firms, brokerages and currency transaction platforms, consumer credit card companies, banking entities, retailers, defense and government related operations.
Wednesday, May 25, 2011
Dr. Sudeep Basu, Practice Leader, Innovation Services - Technical Insights, from Frost & Sullivan, said: "ValidSoft was recognized for its outstanding technological credentials and professional demonstration of the product's capabilities. In the years to come, we expect to see ValidSoft cement its position as an essential tool in the battle against fraud."
VALid-POS is a telecommunications-based, security solution designed to combat fraud related to the use of ATMs or point of sale transactions. It does this using Proximity Correlation Logic (PCL), which assesses the proximity of a card transaction to the cardholder's mobile phone in order to decide whether or not a transaction is likely to be fraudulent. It was recognized for implementing the latest telecommunications-based technology to create a solution which helps banks to effectively overcome potential fraudulent transactions, as well as dramatically improve customer experience.
VALid-POS was awarded the EuroPriSe European Privacy Seal (in March 2010), certificating compliance with the highest privacy standards based on European data protection regulations that are recognized globally. The Frost & Sullivan award further strengthens VALid-POS as a leading fraud prevention product.
ValidSoft's products can protect against the most sophisticated types of fraud. ValidSoft's solutions essentially use what customers have -- a mobile handset. Increasingly, the mobile phone is becoming the main device for everyone to carry out transactions and communicate with. The mobile phone is the device of choice for all.
Pat Carroll, founder and CEO of ValidSoft, said, "This award is a significant milestone towards the endorsement of ValidSoft and one of our key solutions by the industry. To be recognised by such a well respected organisation is an excellent achievement. We are confident ValidSoft is set to redefine the prevention of card-related fraud and dramatically reduce both cross-border and domestic fraud around the world. We are well placed to capitalise on the market opportunities that exist."
The meeting will feature a power point presentation with results of assays and estimated extraction costs for all applicable methods of precious metal recovery. In addition, there will be an open question and answer session.
This week the Company is adding two features to its web site (www.elcapitanpmi.com). The first addition will be a live quote of the Company’s up to the minute stock price and volume for the current day. The second addition will be an open message board monitored by the Company. Pertinent questions posted on this board may be answered by the Company as well as any new news available.
These additions to the web site will eliminate the need for shareholders to go to other sites to see the stock’s current status or to make comments.
"Backstage" is an integrated operations management system that enables more efficient and compliant operations within all locations of the Southern Home family of companies and their franchisees. The comprehensive concern reporting and management solution will allow all constituents of APNEA Rx and Encore to report concerns of any type, anonymously. Additionally, all Southern Home partner businesses and their franchisees will utilize these solutions to manage reported concerns, such as patient safety issues, to deliver a resolution on a timely and consistent basis.
"The implementation of industry-wide electronic medical record keeping and HIPAA compliance solutions poses ongoing challenges to the healthcare industry. Our newly enhanced Backstage platform helps all our businesses operate in a more ethical and compliant manner while delivering the highest levels of customer service," said Jeff Sarvis, Southern Home Medical President and CEO. "The functionality we have added to Backstage is currently being utilized by some of the world's largest companies, along with certain U.S federal government and state agencies. We are excited about the additional value this solution brings to our businesses."
Southern Home Medical Equipment is a holding company with a focus on servicing the needs of the U.S. healthcare industry. The Company provides quality health care professionals, durable medical equipment, respiratory services and other home care services to support national shortages in hospitals, rehab centers, nursing homes and other medical facilities.
The presses, from which the panels will be made, are 60' X 10' in size and are the largest presses of their type in the world. The customer can only build panels that are 4' X 20' and is asking Gold River Productions to bid on larger sized panels due to the size of the housing they will be supplying to their customer. Typically, the panels will be used for the exterior walls and roof. The contract for the 10,000 units, when realized, will provide potential revenue to the company in excess of $150,000,000 over the duration of the contract, according to the press release.
There is also an e-mail marketing campaign on-going for GRPS.
Tuesday, May 24, 2011
Cowen and Company, LLC and Morgan Joseph TriArtisan LLC are underwriters and joint book-running managers for the public offering. Identive also granted the underwriters a 30-day option to purchase up to 1,176,470 additional shares to cover over-allotments, if any. If the underwriters exercise their over-allotment option in full, gross proceeds from the offering, before underwriting discounts and commissions and other offering expenses, will be approximately $23,000,000.
The offering is expected to close on May 27, 2011, subject to customary closing conditions. Identive intends to use the net proceeds it receives from the offerings to fund continued growth, acquisitions, working capital and general corporate purposes.
Identive shares offered in the underwritten offering will be issued pursuant to an effective shelf registration statement that was previously filed with the SEC and was declared effective on May 3, 2011.
Identive Group is an international technology company focused on building the world's signature group in secure identification-based technologies.
The Green Baron (www.thegreenbaron.com) announced after the closing bell yesterday that their 2011 Stock Pick of the Year is Nuvilex, Inc.(OTCQB:NVLX). Also interesting to note is a report issued by Goldman Research Group which has placed a near-term $0.50 price target on the up-and-coming biotech firm. The latest Green Baron Report gives takes an in-depth look at Nuvilex and offers commentary on why the Company is undervalued and poised to move. From the document,
“Green Baron Agrees that Price Target of .50 per Share by Year-End Set by Goldman Small Cap Research on May 10 is Clearly in Reach.”
“Everyone loves a turnaround story, and The Green Baron Report has just discovered what we believe will be a turnaround story for the ages. Now, after attracting two successful PhD‘s to become its CEO and COO earlier this year and a successful reorganization, we are proud to introduce a stock that we believe will thrive in the coming months and years.”
Investors are encouraged to perform their due diligence in all manners on Nuvilex. The Green Baron Report is available for viewing and download here.
An audio interview with The Green Baron and Nuvilex President and CEO, Dr. Robert F. Ryan, is available at: http://thegreenbaron.com/Webcasts.htm
Marc Bigelow comes to Yippy with over 22 years of senior management experience in the educational publishing, information and new media markets and is an adjunct professor at Sierra Nevada College. Marc's main role will be to assist the executive management of the company to create strategic partnerships, joint ventures, fund raising and ready the company for a potential acquisition or merger.
"I am beyond excited about what Yippy's business model represents to the multi-billion dollar education markets and it is coming at just the right time. With the emergence of ebooks from traditional publishers and open source providers, the industry leaders of K12 and higher education institutions are looking for a way to manage all their educational resources within a safe browsing environment for their students. Yippy's application services environment (ASE) provides the most comprehensive suite of student/family friendly programs I have ever seen in all my years in the education sector. They also own in my opinion the most efficient and logical search program for educational content and coupled with their K12 browser makes Yippy a serious player. I believe with the right partner(s) Yippy will be a top resource in the education research market, and that's my main focus," stated Marc Bigelow, Managing Partner, Vast Resource Group.
"The company is extremely pleased to add Marc Bigelow to the team. He is the perfect guy at the right time to help move Yippy forward. Marc's contacts in the space are extensive and his knowledge will be of great value to the shareholders of Yippy, Inc. I expect Marc will join the executive management team of Yippy once we have completed the tasks laid out and he would certainly be a great asset to help transition Yippy should we sell/merge the company with a larger entity in the future," stated Richard Granville, CEO, Yippy, Inc.
The new system on order is one of the largest next-generation extraction systems of its kind in the world. The equipment is expected to process up to 1100 liters (300 gallons) per minute of algae culture continuously, enough to process the daily harvest at MBD’s upcoming one hectare site at Queensland’s Tarong power station.
“This milestone places OriginOil at the forefront, globally, of delivering high scale, energy-efficient dewatering and extraction of algae, one of the most critical issues facing algae production today,” said Riggs Eckelberry, OriginOil CEO. “Our work with MBD has also proven our ability to help collaboratively integrate other vendors in the process to ensure an end to end solution for our industry.”
With this firm new equipment order, OriginOil will approach its forecast of $1 million in booked sales for products and services in 2011.
“We are currently installing the first hectare of our project at Tarong Power Station in Queensland and OriginOil’s equipment will help us efficiently harvest and process the very large volumes of algae biomass we expect to produce, beginning later this year,” said Managing Director Andrew Lawson, MBD’s Managing Director.
OriginOil helps algae growers extract oil from algae for use as a feedstock for the commercial production of transportation fuels, chemicals and foods.
Michael Haug, CEO of SavWatt commented, "The May 16-19, 2011 International LightFair Show was a very significant debut for SavWatt. We had an overwhelming positive reception and large number of visitors to our booth, especially due to our Eco-Pole exhibit. SavWatt demonstrated that we have what it takes to be a major force in the LED Lighting and Green revolution. We have pre-booked our bigger space for next year's LightFair 2012 in Las Vegas."
Fast becoming the market leader in LED lighting, SavWatt focuses on developing innovative, energy-efficient and cost-effective LED lighting solutions. By delivering value added, application-specific LED lighting systems, we can significantly reduce energy costs and minimize our carbon footprint world-wide. SavWatt is leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb. SavWatt's product families include LED fixtures, bulbs, street lights, and parking lights. For additional product and company information, please refer to www.savwatt.com. To hear audio updates on the company text SAVW to 46800. Visit our official Facebook page at http://www.facebook.com/SavWatt.
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GreenWorld has developed with its Italian pharmaceutical joint venture partner a unique new technology to ferment and impregnate building panels and building blocks with anti-mosquito repellents. “Malaria remains to be a major threat to mankind worldwide, especially in Africa,” GreenWorld-CEO Leo J. Heinl says. “In Kenya, every year 34,000 of children in the age of five and younger die because of Malaria – about 100 per day! We at GreenWorld trust that this technology will become a major step in the fight against malaria.” The repellent will be made available to building contractors, Government and health organizations.
The toxin (which is not dangerous to humans) will need to be replenished every 2 years. GreenWorld therefore expects a continuing income stream from both primary supplies as well as from the repeat bi-annual replenishment.
GreenWorld Development is dedicated to develop innovative, competitive and sustainable products for efficiency goods and services and to support the "Smart Green Economy". Its main focus is pharmaceutical/healthcare, carbon emission technologies and trading, R&D in alternative, sustainable, innovative, competitive and environmentally friendly technologies along with emerging market consultancy.
Monday, May 23, 2011
James Grady CEO of MXMI. Stated, "Obviously luxury transportation is our biggest foot print. With Glenn and his team now part of our organization we have added not only a premier automotive talent but 25 years of credibility."
Glenn Ramdas of Suncoast over the years has been a innovator in Pro-Touring muscle cars (modern suspension, fuel injected and carbureted). Invited to the Plymouth Muscle Car trouble shooting competition. Invited to build a one off car to be photographed for Car Craft Magazine. Invited to build a 1970 Baracuda for Mopar Muscle Magazine. Custom built over 50 Classic, Pro-Touring, and trucks.
Max Media is a developer of providing monetized content to high-end, high impact social-based online community markets. As the internet's content models shift in 2011 and beyond, Max Media's portals will enable the general public to create and organize their own news and information; anyone anywhere can upload breaking news stories and high end luxury items for sale by text, photo or video through cell phones, mobile devices on the Max Media Groups websites.
NetCapital's Chairman, John Fanning, noted, "We have a track record of success with disruptive technologies, and Pervasip's technology is a true example of how game-changing vision and wisdom can be forged into a paradigm-breaking commercial product. We have been following Pervasip for years, waiting for the right opportunity to partner and invest. Today we have found a time of great value."
"We are pleased to have a friendly investor who wants to work with us to build value for our shareholders," said Paul Riss, Pervasip's Chief Executive Officer. "At this point in time, our original lender can no longer foreclose on our assets."
Pervasip, which operates in the mobile VoIP arena and recently became a carrier for video VoIP telephone services, received orders last week for more than 300 video VoIP lines and is now the carrier for Bausch & Lomb's video phones. The Company believes it will see significant growth as a service provider for video phones, as it is in contract with a person-to-person marketing company to sell its services.
“We believe FXIT delivered very strong growth in the quarter — its quarterly revenue represent more than 42% from ALL of 2010 Triple 8 Limited’s revenue, which was accomplished while Triple 8 relocated its off-shore operating division to bigger facilities. We believe this, along with the recruitment of new employees, will position the company to capitalize on the growing online forex market place” said Darren Dunckel, Chief Executive Officer.
“I am also excited about the progress we have made at Forex International Trading over the past quarter. We have been able to transition from a development stage company with minimal or no revenue to a consolidated operating company with over $3 million in revenue and EBITDA profitable for the first time. I look forward to continuing to execute our growth strategy” Mr. Dunckel continued.
As previously announced, FXIT will host a conference call to discuss the results as well as the Company's business outlook for the remainder of the year. The call will take place after the close of the market on Wednesday May 25, 2011 at 4:15 p.m. (EDT) and will be open to all shareholders and interested parties. The conference call will be conducted by President and CEO, Darren Dunckel, and will be available by dialing 712-432-0900. The conference ID number is 758771.
*The final reading March of Japan’s Leading Economic Index was revised up six tenths to 100.1, which is still down sharply from the previous month.
*Spain voted strongly against the ruling party in local elections there over the weekend, throwing into doubt the ability of Zapatero’s government enforce the budget austerity.
*Ten Year spreads against Germany are at record wides today for Greece, 1401 basis points and Ireland, 765 bps. More talks, more meetings, more confusion, is planned.
*The May reading of the Eurozone’s manufacturing sector Purchasing Managers Index is 54.8. down from 58.0 in April and below the estimate for 57.5. The service sector PMI was down one point to 55.4, but was expected to decline by only two tenths.
*The May reading of Germany’s manufacturing sector PMI was down almost four points on the month to 58.2; the forecast was for a decline of just one point. The service sector PMI fell about two points to 54.9, it was expected to increase a couple of tenths.
*The Chicago Fed National Activity Index is due out at 7:30am CDT, it is expected to fall slightly to 0.20.
*The Fed is scheduled to buy Treasuries today that are due to mature between 8/15/18 and 5/15/21; the results of the operation will be announced just after 10:00am CDT.
*St. Louis Fed’s Bullard is set to speak on the economy at 7:10pm CDT.
Friday, May 20, 2011
"UST's vitrification technology represents a significant advance for preserving the viability of probiotics in a convenient oral dosage form," said Enterologics' president, Bob Hoerr. "We believe that this proprietary, shelf-stable dosage form will enable us to meet a key goal in our commercialization program to develop probiotic products as approved biologic drugs for gastrointestinal diseases."
Victor Bronshtein, Ph.D., president and founder of UST, stated, "Based on our research, our proprietary dosage format should enable probiotics to meet ambient (from -20°C to + 37°C) temperature shelf-life standards for a pharmaceutical product. Probiotics that are proven thermostable will ensure the confidence of patients and prescribing physicians that a product provides the number of live probiotic bacteria listed on the label, not merely at the time of manufacture, but at the time of use. Demonstrated probiotic potency at the time of use is critical for defining an accurate therapeutic dose for targeted diseases. This is not the case for many probiotic products now marketed through consumer channels."
In January, UST granted Enterologics a right of first refusal for 16 months to enter into a definitive, exclusive, royalty-bearing, worldwide license agreement for UST's intellectual property in the field of preservation or stabilization of Escherichia coli ("E. coli") probiotic bacteria. As planned, Enterologics has initiated funding for a development project to show that UST's stabilization technology can produce a thermostable, commercially viable formulation of an E. coli probiotic that satisfies the Company's specifications.
Enterologics is a biotechnology company that is developing probiotics as biologic drugs for specific gastrointestinal disease indications.
Cabana Lemonades offer approximately 40% less calories than its competitors and are positioned to enter the market as the only All-Natural Lemonade brand. The fact that Pulse's Cabana Lemonades contain no preservatives or artificial sweeteners means that they can be sold in health food stores such as Whole Foods, GNC Live Well, Vitamin Cottage and Sunflower.
Pulse's CEO, Robert E. Yates, comments "Nationally, only a handful of companies market ready-to-drink lemonades and there are only two major brands, AriZona and Calypso, and a few other brands, such as Country Time Lemonade, none of which contain 100% natural ingredients. Our premium lemonades will be packaged in eye-catching 20 fl. oz. glass bottles and the combination of superior product and packaging will readily position us to successfully penetrate the market. We will have our Cabana Lemonades on the shelves in July, 2011, just in time for the summer lemonade season. This is perfect timing to announce details of our lemonade product launch considering it's National Lemonade Day on May 22nd. We are in discussions with the organizers of the event and are preparing to help out in a major way."
Pulse intends to position its Cabana Lemonades as natural complements to food in an effort to broaden their appeal and insulate against any seasonal fall-off. Pulse believes that Cabana Lemonades are the refreshing and healthy beverage choice for any occasion and any season.
Pulse has contracted its first bottling facility and aims to start production of its lemonade products in June 2011. The lemonade market is well established and there's an immediate demand. Pulse's Cabana Lemonades, being all-natural, lower calorie, and "good-for-you," are in-line with its corporate mission to reach a large demographic by aiming to be the healthiest, all-natural lemonade in the marketplace.
The Pulse Beverage Corporation manufactures, distributes and markets the PULSE brand of NutriPurpose beverages originally developed by a major healthcare company and containing effective ingredients widely considered to be critical to adult health.
"Our primary focus for the first three months of 2011 was the preparation of our NDA filing for Marqibo(R)," stated Steven R. Deitcher, M.D., President, Chief Executive Officer and Director of Talon Therapeutics. "I am pleased to report that significant progress has been made and the NDA is in an advanced stage of preparation."
For the three months ended March 31, 2011, the Company reported a net loss of $10.4 million and deemed dividends on preferred stock of $1.0 million, which when combined, resulted in a net loss applicable to common stockholders of $11.4 million, or $0.53 per share.
As of March 31, 2011, the Company had cash, cash equivalents and available-for-sale securities of $16.2 million. Cash used in operations was $6.3 million for the three months ended March 31, 2011.
The per share results for all periods have been adjusted to reflect the impact of the Company's 1-for-4 reverse stock split that occurred at the close of business on September 10, 2010.
Talon Therapeutics is a biopharmaceutical company dedicated to seizing upon medical opportunities, efficiently and expertly leading product candidates through clinical development, and transferring value to patients, patient care providers, shareholders, corporate partners, and employees.
In addition to Marqibo and Menadione Topical Lotion, the Company has additional pipeline opportunities some of which, like Marqibo, improve delivery and enhance the therapeutic benefits of well characterized, proven chemotherapies and enable high potency dosing without increased toxicity.
Prior to beginning a drill program on USFS land, all companies are required to pay a bond equal to the amount of the estimated future costs that will be required to return the property to its natural state after the completion of the drill program. Ranger Gold will be paying the bond in the coming days.
Ranger is also pleased to announce that it has engaged a contractor to carry out drilling on its Nevada holdings.
"We are very excited that we have completed these important steps and are moving closer to drilling on the CX," said Gary Basrai, President of Ranger. "With the approval of our bond calculation and the sourcing of a drill contractor, we hope to commence drilling in the months to come once optimal weather and road conditions exist."
Ranger Gold is a US-based resource exploration company exploring for gold in proven gold regions of Nevada. It is focused on discovering and developing low-cost gold assets in order to provide maximum return for its shareholders.
The Company will also host a conference call to discuss its first quarter financials for fiscal 2011 as well as the Company’s business outlook for the remainder of the year. The call will take place after the close of the market on Wednesday May 25, 2011 at 4:15 p.m. (EDT) and will be open to all shareholders and interested parties.
The conference call will be conducted by President and CEO, Darren Dunckel, “Our consolidated financials will show over $3 million in revenue in the first quarter. We look forward to discussing with our shareholders and the investment community the growth that we have experienced over the last year in the Forex market space and to discuss our current and future projects that we hope to accomplish this year.”
This conference call will be available by dialing 712-432-0900. The conference ID number is 758771.
Headquartered in New York, NY, Forex International Trading Corp. operates an offshore advanced online trading platform for Forex markets to non U.S. residents. The Company focuses on providing individual and institutional investors with a platform for buying and selling currencies, precious metals and commodity futures.
Thursday, May 19, 2011
LinkedIn, a trailblazer in the online networking craze, went public with a roaring stock offering. Within minutes, shares were trading at twice the value set by the company.
Buyers crowded the floor of the New York Stock Exchange, and financial news networks flashed LinkedIn's stock price urgently all day. By the closing bell, the company had a market value of $9 billion, the highest for any Internet company since Google had its initial public offering seven years ago. Millionaires and even one billionaire were made, at least on paper.
The stock, issued at $45, went as high as $122.70 just before noon and closed at $94.25 on a trading volume of 30 million shares. All this for a company that skeptics say amounts to an online Rolodex, a place on the Internet for professionals to post resumes and connect with one another and potential employers.
It was enough to remind some people on Wall Street of the heady late 1990s and the debuts of companies like Netscape Communications -- and, more infamously, long-forgotten names like Pets.com and Webvan. Investors wondered whether LinkedIn will be a precursor to another financial frenzy in Silicon Valley.
"I definitely think this will be a catalyst," said longtime technology investor and analyst Michael Moe, CEO of Global Silicon Valley Asset Management. "Investors who like growth stocks have been stuck in a desert for a long time, and now it's like they have found this great pitcher of water."
LinkedIn is already worth $9 billion, or 18 times its projected revenue this year. Major Internet companies, including Google, trade at an average of about five times projected revenue, according to an analysis by Capital IQ.
"Due to our expanded distribution network, deeper penetration in our existing market and the significantly enhanced market recognition of our Shengmingsu product, Yongye has achieved another successful quarter with strong top line, bottom line, and operating cash flow growth," stated Mr. Zishen Wu, Chairman and Chief Executive Officer of Yongye International.
Revenue for the three months ended March 31, 2011 was $50.2 million compared to $24.9 million for the same period in 2010, an increase of 101.4%.
Gross profit was $27.3 million for the three months ended March 31, 2011, compared to $13.9 million for the three months ended March 31, 2010, an increase of 97.0%.
Net income attributable to Yongye was $8.4 million, or $0.16 per diluted share, compared to a net income of $4.4 million, or $0.10 per diluted share, in the same period last year.
As of March 31, 2011, the Company had $44.6 million in cash, compared to $42.0 million as of December 31, 2010.
The Company continues to expect to achieve 2011 revenues of between $315 million and $325 million, representing an increase of 47.1% and 51.8% over 2010's revenue of $214.1 million. The Company expects adjusted net income of between $80 million and $82 million, representing an increase of between 47.9% and 51.6% over 2010 adjusted net income of $54.1 million.
For more information, please visit the Company's website at http://www.yongyeintl.com.
Poker Flats began with 500 acres in the Carlin region which is home to some of the world's leaders in the mining industry. Neighboring mining projects north and south of Poker Flats include Newmont Mining Corporation, Gold Standard Ventures Corporation, and Premier Gold Mines Limited. The company has recently expanded Poker Flats to 3,600 acres and now holds an option for 75% majority ownership of this project. The geological mapping process is under way, as well as the first phase interpretations of Poker Flats including an updated NI 43-101 report.
Spartan has completed a significant project expansion plan for the Ziggurat prospect located in Nevada comprising 6,800 acres; this expansion brings the claim total to 343. The Company holds an option for 75% majority ownership of this project as well. The geological mapping process is under way, as well as the first phase interpretations of Ziggurat including an updated NI 43-101 compliant technical report encompassing the entire property.
The Company is currently pursuing opportunities for several acquisition targets around the world and focusing on operational plans for current projects. Spartan has selected an international board of directors and advisors with over 90 years of combined experience in the exploration and development of global mining projects. Spartan's commitment to asset growth and increased shareholder value will be sustained by the development of highly prospective projects, accelerated exploration activities and the acquisition of viable resources.
Producer Dean Hamilton Bornstein, Writer Jaleel White, Producer Ken Gord and other production personnel have recently scouted and approved locations in Toronto. Pre-production activities have begun in Toronto with a proposed late summer start date.
"We are excited to be moving forward on this very commercial project. The script and production team will attract an exciting ensemble cast," commented Mr. Dean Hamilton Bornstein, CEO of Empire Film Group, Inc.
Empire and Tayrona are also in pre-production on the feature film "Havana Heat" which will be filmed in Cartagena, Colombia and is scheduled to begin production in June. The company is finalizing talent negotiations and will announce the entire cast shortly.
Empire Film Group is a fully-integrated film and television production and distribution company with distribution capabilities to reach theatrical, video, television, video-on-demand and international markets. Empire Sports Group, Inc. is a wholly owned subsidiary of Empire Film Group set up to develop, acquire, produce, market and distribute sports related entertainment properties in film, television and in various multimedia and digital environments.
The peer-reviewed study, entitled “A US Study of Transfer of Learning from Video to Books in Toddlers,” confirmed the ability of infants and toddlers to learn from Brainy Baby’s “Shapes & Colors” video. The study was conducted at the University of Texas, Austin and parents were asked to show toddlers a 10-minute video clip at least once a day for 15 days. This was one of the first studies to use commercial video content to assess toddler learning, as well as one of the first to examine the transfer of learning to a different context, in this case a book.
Research showed that children were able to learn a unique shape from an excerpt of the Brainy Baby “Shapes & Colors” video and then identify it in a book. The children in the experimental group were 22 times more likely to identify the shape -- a crescent -- than the children in the control group who did not view the crescent portion of the video. In addition, the study indicated that videos could be used in the same way as books to expand knowledge.
“Having this study conducted at the University of Texas by two of the leading research scientists in the field of children’s media studies, reaffirms our core methodology of developing Brainy Baby products,” said John Benfield, CEO of The Brainy Brands Company. “The study reinforces our message to parents and grandparents around the world…. give your children the tools, spend quality time engaged with your children using those tools and they will develop a love of learning that will last for a lifetime.”
Headquartered in Suwanee, GA The Brainy Brands Company, Inc. develops and markets an extensive library of early childhood learning products, including a full range of puzzles, books, games, toys and audio-visual materials for the US market and international marketplace. The Company’s strategy is to support its existing line of high quality educational toys, media, and activities and develop new product and offerings optimizing new technologies, delivery systems, and advances in early childhood education.
Revenues for the quarter totaled $2.2 million, a sequential increase of 21% from the prior quarter's revenues of $1.9 million, and up nearly 600% from $322 thousand in the first quarter of 2010. These revenues were primarily related party DSM.
Net loss for the first quarter 2011 was $1.5 million or 10 cents per basic and diluted share. This was a sequential improvement from a net loss of $1.8 million or 13 cents per basic and diluted share in the prior quarter, and a significant improvement from the net loss of $2.7 million or 21 cents per basic and diluted share in the first quarter of 2010.
Cash and cash equivalents decreased to $12.3 million at March 31, 2011, from $13.5 million at December 31, 2010, but increased from $0.6 million at March 31, 2010. The sequential decline is primarily the result of cash usage associated with the acquisition of XtFt and its initial operations developing games, while the year-over-year increase is predominantly the result of the proceeds received from our December 2010 stock offering.
"We are very pleased with the business development execution shown in the first quarter of 2011," said John C. Abbott, CEO of Quepasa. "We have taken steps to expand monetization opportunities through strategic partnerships in payment processing. We have expanded the number of resellers promoting Quepasa DSM, our social advertising and contest platform. Additionally, through our acquisition of Brazilian social game development studio XtFt, we have launched our first social gaming title, Wonderful City - Rio, on Quepasa.com as well as on Google's Orkut, and will soon be offering it on Facebook."
"On the corporate side, Quepasa shares began trading on the NYSE Amex in January, and we strengthened our Board with the appointment of Lars Batista, who brings significant experience in both social gaming and the broader Brazilian technology market," said Abbott. "During the remainder of 2011, we look forward to building our social game audience on Quepasa, Orkut and Facebook in connection with Wonderful City - Rio and other titles, scaling our DSM technology platform, and driving ongoing improvements to user retention on Quepasa.com by optimizing our core user experience and continuing to enhance it with relevant applications, games and contests."
Gross domestic product contracted an annualized 3.7 percent in the three months through March, following a revised 3 percent drop in the previous quarter, the Cabinet Office said today in Tokyo. The median forecast of 23 economists surveyed by Bloomberg News was for a 1.9 percent drop.
The March disaster hit an economy already weighed down by years of deflation and subdued consumer spending, and slashed profits at companies including Toyota Motor Corp. as factories were shut. The economy, now the smallest size since 1991 unadjusted for price changes, may shrink further this quarter before rebounding later in 2011 as reconstruction kicks in.
“The contraction in the second quarter will probably be even bigger as consumer spending and exports slump,” said Norio Miyagawa, senior economist at Mizuho Securities Research and Consulting Co. in Tokyo. “The economy will likely return to growth from the third quarter once the supply-chain disruption eases and reconstruction work begins.”
The Nikkei 225 (NKY) Stock Average fell 0.4 percent today on the worse-than-expected GDP data. The Nikkei has lost 8 percent since the quake and tsunami, which left more than 24,000 dead or missing. The yen traded at 81.70 against the dollar at 3:48 p.m. in Tokyo, compared with 81.69 before the report was published.
The economic contraction may only be a “temporary phenomenon,” and two straight quarters of shrinkage “doesn’t necessarily mean the economy’s trajectory has changed,” Kaoru Yosano, the economy minister, told reporters today.
Economists typically define a recession as two consecutive quarters of contraction. The Japanese government instead determines recessions by having a committee of academics decide when recoveries and retreats begin and end.
The revised fourth quarter GDP figure showing a 3 percent annualized contraction was more than double the previous estimate, after the government revised data going back to 1980, according to the Cabinet Office.
Capital investment dropped 0.9 percent in the first quarter, the first decline in six quarters, today’s data showed.
*The February reading of Australia’s Average Weekly Wages was +3.8% on a year over year basis, as was forecast.
*The Q1 reading of Japan’s GDP was twice as weak as expected, with an annualized decline of 3.8%. The Q1 GDP Deflator fell 1.9% from a year ago, one tenth lower than the estimate.
*The final March reading of Japan’s Industrial Production was revised down by a couple of tenths to -15.5% on a month on month basis; a record decline for which the earthquake can be blamed.
*The April reading of Japan’s nationwide Department Store Sales was -1.5% month on month, not good but a big improvement over the 14.7% monthly decline seen in March.
*The May reading of Switzerland’s ZEW Survey of Economic Expectations fell sharply to -11.5 from +8.8 the month before, according to Credit Suisse.
*The April reading of UK Retail Sales was up 1.1% on the month, three tenths more than expected; warm weather and the Royal wedding are said to be important factors for the gain.
*DSK quits IMF.
*Greece continues to say they don’t plan any kind of debt restructuring, despite the chatter that that is where they are headed. But just in case, ECB boss Trichet is quoted in the FT Deutschland saying that Greek debt would no longer be acceptable as collateral at the ECB if there was any type of restructuring or re-profiing.
*The weekly report on Initial Jobless Claims is due out at 7:30am CDT, it is expected to be 420k. There are three reports due out at 9:00am CDT, including: April Existing Home Sales, forecast to be 5.20 million units, which is an increase of 2.0% from the month before; the May reading of the Philly Fed is expected to rise to 20.0, up from 18.5 from April; and the Leading Economic Indicators, which is estimated to be +0.1%.
*The Mortgage Bankers Association will be a Q1 update on foreclosures and delinquencies at 9:00am CDT.
*The weekly report on inventories of Natural Gas is due to be released at 9:30am CDT, it is expected to show an increase of 90 bcf.
*The Fed is scheduled to buy Treasuries today that are due to mature between 8/15/21 and 11/15/27; the results of the operation will be announced just after 10:00am CDT.
*The Treasury will announce at 10:00am CDT the details for next week’s auctions of 2 Year, 5 Year and 7 Year Notes.
*There is a smattering of Fed speak on the calendar today. NY Fedster Dudley appears to be making a tour of upstate New York the next couple of days and he will make comments at several of the stops along the way, but will likely confine himself to the state of the local economy as opposed to taking a broader view. Dallas Fed boss Fisher is set to talk about the economy at 12:30pm CDT and Chicago’s Evans will speak at a forum of corporate treasurers at 12:40pm CDT.
*The Treasury plans to sell $11 billion re-opened 10 Year TIPS today; the results of the auction will be announced just after noon CDT.
Wednesday, May 18, 2011
Tom Kilroy, a senior vice president at Intel, told the Reuters Global Technology Summit in New York on Wednesday that the runaway success of the iPad and other Apple products shapes how Intel thinks about future devices and the chips that will power them.
"We work very closely with them and we're constantly looking down the road at what we can be doing relative to future products. I'd go as far as to say Apple helps shape our roadmap," Kilroy said.
"Apple -- they push us hard," he said.
Apple designed its own processors for the iPhone and iPad using technology licensed from Britain's ARM Holdings (LSE:ARM.L), widely used in the mobile market.
But in its high-end MacBook PCs, which set the tone for other computer manufacturers, Apple uses powerful Intel chips. Kilroy played down suggestions that ARM processors could eventually unseat the world's top chipmaker in those premium PCs.
"Go look at the performance of those platforms. They're taking our latest and high-end end versions of second-generation core, and ARM doesn't even come close to any capability there," he said.
Kilroy would not specifically confirm whether Intel has been guaranteed a place in future MacBooks, saying that kind of announcement would be up to Apple.
Inclusion in an Apple product is seen as a major coup for electronics suppliers, given the technology icon's reputation for quality and innovation. The big sales volume of Apple products also means major revenue for component sellers.
While its processors are the brains in 80 percent of the world's PCs, Intel has struggled to adapt its chips to work well in mobile gadgets.
Texas Instruments (NYSE:TXN), Samsung (005930.KS) and Qualcomm (Nasdaq:QCOM) are major players in smartphones and tablets, using ARM's technology to make processors more energy-efficient -- a key requirement for mobile devices that depend on batteries.
The market for mobile chips is still tiny compared with Intel's PC processor business, but investors expect it to grow quickly and the Santa Clara, California, company is racing to use its massive lead in manufacturing technology to catch up.
Meanwhile, Intel's core PC market is being shaken up, with long-time bedfellow Microsoft Corp (Nasdaq:MSFT) planning to make future versions of its Windows operating system compatible with ARM chips, and with manufacturers launching laptops running on Google's (Nasdaq:GOOG) new Chrome operating system.
Samsung and Acer (Taiwan:2353.TW) are using Intel's Atom chips to make laptops outfitted with Chrome, which is essentially a web browser that steers users to use applications like email and spreadsheets directly on the web, instead of storing software such as Outlook or Word directly on PCs.
"There's a lot of experimentation that goes on and we'll see how it plays out. We're eager to understand what usage models become popular," Kilroy said. "We're just happy we're the architecture of choice."
(Reporting by Noel Randewich and Poornima Gupta, additional reporting by Jim Finkle and Bill Rigby, editing by Matthew Lewis)
Fed majority favors raising rates before selling assets
They debated possible exit strategy in detail
Says discussion of exit doesn’t mean tightening imminent
Reiterated that inflation rise likely to be transitory
Almost all FOMC members favored first ceasing MBS reinvestment
Most on FOMC backed using fed funds rate as an “active tool”
Inflation rise transitory
Expect growth to accelerate later in 2011, but expect pickup in growth “to be limited”
Saw higher prices weighing on consumer sentiment
QE3 unlikely without big change in outlook
UnionTown has now advanced a total of $275,000, representing the full purchase price of the property, towards the completion of the acquisition.
Under the terms of the acquisition agreement, UnionTown is required to spend an additional $1,000,000 within the next 12 months on development of the property. In return, the company will receive an 85% working interest before payout, followed by a 70% working interest after payout. The Teton River property carries a 75% net revenue interest.
"Oil exploration and development has reached an exciting stage in northwest Montana, and we consider Teton River to be a high-potential acquisition based on the production history in nearby oil fields and the well records of previous wells drilled on the property," said UnionTown President and CEO Darren Stevenson. "Moreover, Teton River is a heavy oil play, and with heavy oil currently selling for more than $US90 per barrel, we believe there is a great opportunity in developing this promising oil prospect."
Teton River is the fourth acquisition that UnionTown has undertaken in the last two months. When Teton River is combined with the three previously announced properties -- Musselshell, New Miami and Darby Block -- the total acreage under contract now exceeds 43,000. The Company believes that the Teton River geological report, which is close to completion, will significantly add to the company's estimated reserves.
For more information, please visit: www.UnionTownEnergy.com.
For the third quarter of fiscal 2011, the Company reported record net revenue of $10.0 million compared to $2.7 million for the same period last year, an increase of 270% from the prior year period. On a sequential basis, net revenue increased 35% from the $7.5 million reported for the second fiscal quarter ended December 31, 2010.
Gross Profit for the third fiscal quarter ended March 31, 2011 increased to $8.4 million compared to $2.3 million for the same period last year, delivering a slight improvement in gross margin to approximately 84%.
Operating Expenses for the third fiscal quarter of 2011 were $7.6 million compared to $3.6 million for the same period last year and on a sequential basis increased 33% from $5.7 million in the second of fiscal quarter 2011. The increase on a sequential basis is due primarily to increased sales commissions which are a direct result of the Company's increased revenue, and to greater investment in personnel.
Operating Income improved to $792,000 for the third fiscal quarter of 2011 compared to a loss of $1.3 million in the same period last year. The third quarter fiscal 2011 operating income of $792,000 represents the third consecutive quarter of achieving operating income.
"We are extremely pleased with our record revenue and operating income for the fiscal third quarter. Our efforts to enhance our business model and the growing awareness of our patented, scientifically proven products enabled us to report the third consecutive quarter of increasing operating income," commented Douglas C. Robinson, Chief Executive Officer of LifeVantage. "Our continued strong financial performance gives us the confidence to remain optimistic about our outlook for the remainder of fiscal 2011. As a result, we are increasing our full year revenue guidance. We will continue to focus on driving our top line growth by expanding awareness of the benefits of our products, managing the controllable aspects of our business and improving the overall financial health of our company."
The Company ended the third quarter of fiscal 2011 with a stronger balance sheet. Its cash, cash equivalents and investments available for sale improved to $4.4 million.
The Company is raising its revenue and operating income guidance for the full fiscal year ending June 30, 2011. The Company now expects to achieve revenue for the full fiscal year ending June 30, 2011 in a range of $37 million to $39 million, operating income in a range of $2.5 - $3 million and operating profit of approximately 8%, compared to the previous estimate of approximately $29 million in revenue, operating income of $1.25 million with 5% operating profit.
LifeVantage is a science-based, nutraceutical company dedicated to helping people reach their health and wellness goals while creating business opportunities. Founded in 2003 and based in San Diego, CA, LifeVantage currently offers two anti-aging and wellness products: Protandim, a dietary supplement that combats oxidative stress, and LifeVantage TrueScience Anti-Aging Cream, a scientifically-based skin care product.
For more information, visit www.LifeVantage.com.