Stocks58's Personal Finance Blog

Ocz Technology Group Inc. (Nasdaq:OCZ) a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, announced the Deneva Series is now available in the MO-297 format with complete power fail protection, delivering an ultra-high performance solution with enterprise-grade reliability for use as a persistent data protected cache, metadata storage unit, or end-storage device.

Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. (OCZ), is a leader in the design, manufacturing, and distribution of high performance and reliable Solid-State Drives (SSDs) and premium computer components.

Read full artical and disclimar at : http://doubleinstocks.com/?p=19076

MAJESTIC GOLD CORP (MJGCF.PK )

Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.

MAJESTIC GOLD CORP (MJGCF.PK ) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.

Read full artical and disclimar at : http://doubleinstocks.com/?p=19075

Cleantech Transit Inc. (CLNO)

Biomass energy is a renewable source of energy that is found in plants. Plants take energy from the sun in the process of photosynthesis and use it to produce and grow biomass. It is composed of stored energy derived from the sun, and can release a new source of energy when physical and chemical processes are applied to it.
Most biomass materials come from wood, trees, grasses, agricultural crops, garbage and other urban wastes. Human and animal wastes are sources for biomass energy too.

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).

Read full artical and disclimar at : http://doubleinstocks.com/?p=19074

Crown Equity Holdings, Inc. (CRWE)

One of the primary advantages of using the Internet in order to advertise is the cost involved. There are many different ways in which you can advertise your website, such as using print, radio, or television. However, these are a lot more expensive than using the Internet, and depending on the size of your budget, you can get far more cost-effective advertising online.

In addition, you are also able to do very specific and targeted advertising online. If there is a specific segment of the market or a specific group of people that you want to advertise to, this is entirely possible using different Internet marketing techniques. By doing this you will be able to ensure that you are not wasting all of your time and effort in advertising for those who are not going to be interested in purchasing your services.

Read full artical and disclimar at : http://doubleinstocks.com/?p=19073

Virginia Commerce Bancorp Inc. (Nasdaq:VCBI) announced it will host a teleconference call for the financial community on October 19, 2011, at 11:00 a.m. Eastern Daylight Time, to discuss its third quarter 2011 financial results which will be released that morning. The public is invited to listen to this conference call by dialing 866-814-8482 at least 10 minutes prior to the call.

Virginia Commerce Bancorp, Inc. operates as the bank holding company for Virginia Commerce Bank that provides business and consumer banking services. The company accepts various deposit products comprising demand deposits, savings and money market.

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Global Hunter (GBLHF.PK)

Molybdenum is a gray, metallic-colored, hard metal. It was discovered in 1778. It can be found on the periodic table between chromium and tungsten. After World War II, the uses for molybdenum dramatically increased. Molybdenum may be used with vehicle piston rings. It can be sprayed on the piston rings to lesson friction and lengthen the life of the pistons as well as other parts of the vehicle.

Global Hunter's focus is on strategic and base metals, with an advanced stage copper oxide project in Chile and a highly prospective molybdenum property in British Columbia, Canada. GBLHF teams are working on developing the Corona de Cobre property in Chile and the Rabbit south property in British Columbia.

Read full artival and disclimar at : http://doubleinstocks.com/?p=19067

W.W. Grainger, Inc. (NYSE:GWW) a leading broad line supplier of maintenance, repair and operating products serving businesses and institutions, announced it has divested its 49 percent stake in MRO Korea to affiliates of its former partner, SK Networks, for $12 million, resulting in a net gain of approximately $5 million. SK Group intends to transform the MRO Korea business model into a social enterprise, focused on job creation for the underprivileged.

W.W. Grainger, Inc., with 2010 sales of $7.2 billion, is North America's leading broad line supplier of maintenance, repair and operating products, with expanding operations in Europe, Asia and Latin America. For more information about the company, visit www.grainger.com/investor.

Read full artical and disclimar at : http://doubleinstocks.com/?p=19066

GATX Corp. (NYSE:GMT) announced that it will report results for the 2011 third quarter, prior to market open, on Thursday, October 20, 2011. GATX will also hold a conference call to review the results later that morning. Investors may listen to the call either via telephone or over the Internet as follows: Domestic Dial-In: 1-800-946-0783 International Dial-In: 1-719-457-2652. To participate by phone, please dial in approximately 15 minutes prior to the start time and reference the GATX conference call. To listen via webcast, click on the link on GATX's homepage, www.gatx.com.

GATX Corporation leases, operates, and manages assets in the rail, marine, and industrial equipment markets. It operates in three segments: Rail, Specialty, and American Steamship Company (ASC).

Read full artical and disclimar at : http://doubleinstocks.com/?p=19065

Bristol-Myers Squibb Company (NYSE:BMY) announced a collaboration with the World Health Organization's (WHO) Stop TB Department for a two-year pilot initiative to strengthen community based prevention, care and control of tuberculosis (TB) including co-infection with HIV in South Africa, Tanzania, Kenya, Ethiopia and Democratic Republic of the Congo. These five countries collectively represented more than 13 percent of global TB and more than one-third of the TB/HIV co-infection burden in 2009.

Bristol-Myers Squibb is a global biopharmaceutical company committed to discovering, developing and delivering innovative medicines that help patients prevail over serious diseases. For more information about Bristol-Myers Squibb, visit www.bms.com, or follow us on Twitter at http://twitter.com/bmsnews.

Read full artical and disclimar at : http://doubleinstocks.com/?p=19064

Since inception, Dejour has consistently seized the advantage of our management team's talent to identify premium assets at optimal timing, and then to monetize those assets for our shareholders.

Leadership's savvy for market timing and financial stewardship, in combination with our team's technical and operational expertise have combined to drive Dejour to the forefront of leading growth companies in the oil and gas sector. From our perfectly timed transactions in uranium, through our assembly of more than 129,000 enviable net acres of prime oil and gas production land, to our current, flexible approach to exploit those assets, Dejour is tracking toward increasing market significance.

With significant oil and gas assets in key regions of Colorado, Utah, British Columbia and Alberta, Dejour is a strong, operating company. Against a context of increasing concern about the domestication of energy production, we're ideally positioned for significant growth.




Dejour Secures BCOGC Approval to Boost Oil Production

Application Approved for Voidage Replacement at Woodrush



Dejour Energy Inc. (NYSE AMEX: DEJ) announced that the BC Oil and Gas Conservation Commission (BCOGC) has approved Dejour’s application to remove the Halfway Pool production allowable and to operate the waterflood on a balance of injection to production (Voidage Replacement).

"We are very pleased that the BCOGC has approved our application for change to the pool rules. This approval confirms the successful implementation of the waterflood and the confidence the BCOGC now has in the project performance and in Dejour as the project operator. In anticipation of the approval we had already begun to take steps that will allow us to increase water injection into the halfway pool by at least 600 BWPD, by the end of the month. Going forward, we will drill an additional oil producer by the end of Q4, increasing Dejour's net production an additional 200-300 BO per day by early Q1 2012," states Harrison Blacker, President.

Dejour Energy Inc. is an independent oil and natural gas company operating multiple exploration and production projects in North America’s Piceance Basin (107,000 net acres) and Peace River Arch regions (15,000 net acres). Dejour’s seasoned management team has consistently been among early identifiers of premium energy assets, repeatedly timing investments and transactions to realize their value to shareholders' best advantage. Dejour maintains offices in Denver, USA, Calgary and Vancouver, Canada.

More about DEJ at www.dejour.com

Read full artical and disclimar at : http://doubleinstocks.com/?p=19058

Halozyme Therapeutics, Inc. (Nasdaq:HALO) a biopharmaceutical company developing and commercializing products targeting the extracellular matrix for the diabetes, cancer, dermatology and drug delivery markets, announced the commencement of patient dosing in a Phase 2 clinical trial with pegylated rHuPH20 (PEGPH20) in patients with stage IV previously untreated pancreatic cancer. This multi-center, international, randomized, placebo-controlled trial will study the safety, tolerability and efficacy of gemcitabine plus PEGPH20 compared to gemcitabine plus placebo.

Halozyme Therapeutics is a biopharmaceutical company developing and commercializing products targeting the extracellular matrix for the insulin, cancer, dermatology and drug delivery markets.

Read full artical and disclimar at : http://doubleinstocks.com/?p=19055

Capital Product Partners L.P. (Nasdaq:CPLP) announced that, before the NASDAQ market opens on Monday, October 31, 2011, it will release financial results for the third quarter ended September 30, 2011. Following the earnings release, Ioannis Lazaridis, Chief Executive Officer and Chief Financial Officer, will host an interactive conference call on the same day, Monday, October 31, 2011, at 10:00 am Eastern Time (US).

Capital Product Partners L.P., a Marshall Islands master limited partnership, is an international owner of modern double-hull tankers. The Partnership currently owns 27 vessels, including two VLCCs (Very Large Crude Carriers), four suezmax crude oil tankers, 18 modern MR tankers, two small product tankers and one capesize bulk carrier.

Read full artical and disclimar at : http://doubleinstocks.com/?p=19054

Cleantech Transit Inc. (CLNO)

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).

Biomass energy is renewable source of energy that is found in plants. Plants take energy from the sun in the process of photosynthesis and use it to produce and grow biomass. Biomass is a known product or material that is found in most living things. It can be animal material, bacteria, or plant materials. The oldest example that we have of biomass energy today is wood, which we can burn to produce heat and to create steam which, therefore, produces energy. To obtain a large amount of biomass energy, these plants such as wood are burned in internal combustion engines or broilers and this releases the energy that the plant holds.

Read full artical and disclimar at : http://doubleinstocks.com/?p=19053

FormFactor Inc. (Nasdaq:FORM) will report financial results for its 2011 third quarter on Thursday, October 27, 2011, at 1:30 p.m. Pacific Daylight Time. The public is invited to listen to a live webcast of FormFactor's conference call on the Investors section of the company's web site at www.formfactor.com. A telephone replay of the conference call will be available approximately two hours after the conclusion of the call. The telephone replay will be available through October 29, 2011, 9:00 p.m. Pacific Daylight Time, and can be accessed by dialing (855) 859-2056 (domestic) or (404) 537-3406 (international) and entering confirmation code 13947545. Additionally, the replay will be available on the Investors section of our website, www.formfactor.com.

Founded in 1993, FormFactor, Inc. is a leader in advanced wafer probe cards, which are used by semiconductor manufacturers to electrically test integrated circuits, or ICs.

Read full artical and disclimar at : http://doubleinstocks.com/?p=19052

EarthLink Inc. (Nasdaq: ELNK) announced it will host a conference call on Thursday, October 27 at 8:30 a.m. ET to discuss its third quarter 2011 financial results. Leading the call will be EarthLink's Chairman and Chief Executive Officer Rolla P. Huff, President and Chief Operating Officer Joseph M. Wetzel, and Chief Financial Officer Bradley A. Ferguson. EarthLink plans to issue its earnings press release at 7:00 a.m. ET on October 27th.

EarthLink, Inc. is a leading provider of Internet Protocol (IP) infrastructure and services to medium-sized and large businesses, enterprise organizations and over 1.5 million consumers across the United States.

Read full artical and disclimar at : http://doubleinstocks.com/?p=19048

Global Hunter (GBLHF.PK)

Global Hunter's focus is on strategic and base metals, with an advanced stage copper oxide project in Chile and a highly prospective molybdenum property in British Columbia, Canada. GBLHF teams are working on developing the Corona de Cobre property in Chile and the Rabbit south property in British Columbia.
Copper is used for many common products that we all use today. Copper is a great metal for piping and thus it is used in even far more products than we think. An example of a common product that we all have and use that incorporates the metal is a refrigerator or heater.

In the back of a refrigerator or heater there are copper pipes that are used to transmit cooling agents or heating agents. Since the properties of copper are such that it is a great metal for these purposes - you are sure to find copper used in many more items than you might have previously thought.

Read full artical and disclimar at : http://doubleinstocks.com/?p=19047

Boston Private Financial Holdings Inc. (Nasdaq:BPFH) will report third quarter financial results after market close on Tuesday, October 25, 2011. Management will hold a conference call at 8 a.m. Eastern Time on Wednesday, October 26, to discuss the financial results in more detail.

Boston Private Financial Holdings, Inc. operates as the multi-bank holding company in the United States. The company provides private banking, investment management, and wealth advisory services to high net worth individuals, families, small and medium-sized businesses, and professionals in New England, Northern California, Southern California, the Pacific Northwest, Pennsylvania, and New York.

Read full artical and disclimar at : http://doubleinstocks.com/?p=19046

Learning Tree International Inc. (Nasdaq:LTRE) announced that it is offering two-hour complimentary Hot Topic Introductions. Kicking off this dynamic, new series is the "Preparing for an ITIL Implementation" session, in which participants will experience firsthand the Learning Tree International proven curriculum. Learning Tree's industry-leading instructors will deliver the sessions exclusively via AnyWare and showcase samples of the curriculum and real-world tips that can be used right away in the workplace.

Learning Tree International is a leading global provider of highly effective hands-on training to managers and information technology professionals. Since 1974, over 65,000 organizations have relied on Learning Tree to enhance the professional skills of more than 2.1 million employees.

Read full artical and disclimar at : http://doubleinstocks.com/?p=19045

Crown Equity Holdings Inc. (CRWE)

Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers. Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.

Online marketing has become the most successful method of advertising for any kind of business on the planet during the last decade. It is lightning fast and can promote your business to thousands of potential customers daily. As marketing is a primary factor for a long and successful business, the internet facilitates this process in a way that will ensure the maximum exposure to what you are offering.

Read full artical and disclimar at : http://doubleinstocks.com/?p=19044

RESTYLANE is the most-studied aesthetic dermal filler in the world, and has been used in over 10 million treatments worldwide. Launched in the U.S. in January 2004 after approval by FDA on December 12, 2003, RESTYLANE was the first hyaluronic acid dermal filler approved in the U.S. Hyaluronic acid is a substance naturally present in the body. The hyaluronic acid in RESTYLANE closely resembles the body's natural hyaluronic acid and is produced from a nonanimal source, making it free from animal protein, a quality which prevents disease transmission. Allergy pretesting is not necessary.

FDA Approves Lip Indication for Medicis' Restylane(R)

First and Only Hyaluronic Acid Dermal Filler Approved for Lips




Medicis (NYSE:MRX) announced that the U.S. Food and Drug Administration (FDA) has approved its premarket approval application (PMA) supplement to expand the approved use of RESTYLANE(R) Injectable Gel, a hyaluronic acid dermal filler, to include lip augmentation. RESTYLANE was previously approved to treat moderate to severe facial wrinkles and folds, such as the lines from the nose to the corners of the mouth (nasolabial folds). The new label will now include an indication for submucosal implantation for lip augmentation in patients over the age of 21. The RESTYLANE package insert will be amended to include the new indication, along with results from the clinical trials for lip augmentation. The Company anticipates using this information in its training and promotional activities.

"We are pleased with the FDA's decision to expand the RESTYLANE label to include lip augmentation," said Jonah Shacknai, Chairman and Chief Executive Officer of Medicis. "This marks another significant milestone for RESTYLANE, now the first and only hyaluronic acid dermal filler approved in the United States for lip augmentation. We were very encouraged by the compelling data from the robust pivotal clinical study, showing effectiveness for up to six months, with a clear majority of eligible subjects opting for retreatment at six months. We believe physicians and their patients will appreciate the unique gel particle structure of RESTYLANE and its ability to create fullness in the lips for up to six months."

RESTYLANE has a unique gel particle structure designed for injection in the mid-to-deep dermis for structural support and lift, helping a patient look younger by smoothing away moderate to severe facial wrinkles and folds, such as the nasolabial folds. RESTYLANE's water-loving nature attracts and binds water molecules to help maintain volume.

RESTYLANE was shown to have an overall duration of effectiveness lasting up to 18 months from baseline following one repeat treatment at 4.5 or 9 months in the nasolabial folds. RESTYLANE is injected into the tissue and will, in time, be resorbed by the body as the treatment results gradually wear off.

Medicis is the leading independent specialty pharmaceutical company in the United States focusing primarily on the treatment of dermatological and aesthetic conditions. The Company is dedicated to helping patients attain a healthy and youthful appearance and self-image. Medicis has leading branded prescription products in a number of therapeutic and aesthetic categories. The Company's products have earned wide acceptance by both physicians and patients due to their clinical effectiveness, high quality and cosmetic elegance.

More about MRX at www.Medicis.com.

Read full artical and disclimar at " http://doubleinstocks.com/?p=19037

MAJESTIC GOLD CORP (MJGCF.PK)

The space age has brought new demand for gold to sort out the intense solar radiation that exists outside the earth's environment. Thin layers of gold on astronaut's visors protect eyes from both ultraviolet and infrared solar radiation. Gold coatings on spacecraft also help keep temperatures low inside the vehicle. Gold's opposition to corrosion in space leads to its use in coating bearings, thereby overcoming serious mechanical problems that plagued some early satellites having exposed moving parts.

MAJESTIC GOLD CORP (MJGCF.PK) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.


Read full article and disclaimer at : http://doubleinstocks.com/?p=19035

Cleantech Transit Inc (CLNO)

Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.

The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.

Read full article and disclaimer at : http://doubleinstocks.com/?p=19033

Laboratory Corp. of America Holdings (NYSE:LH) announced that LabCorp is extending until 5:00 p.m., New York City time, on November 4, 2011 LabCorp's previously announced cash tender offer for all outstanding shares of the common stock of Orchid Cellmark Inc. (NASDAQ:ORCH). On May 17, 2011, LabCorp received a request from the Federal Trade Commission, or the FTC, for additional information under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, applicable to the acquisition of Orchid by LabCorp. LabCorp previously extended its tender offer to October 7, 2011. LabCorp is continuing to cooperate with the FTC's request for additional information and is consequently further extending the expiration of the tender offer.

Laboratory Corporation of America® Holdings, an S&P 500 company, is a pioneer in commercializing new diagnostic technologies and the first in its industry to embrace genomic testing.

Read full article and disclaimer at : http://doubleinstocks.com/?p=19032

Crown Equity Holdings Inc., (CRWE)

Crown Equity Holdings Inc. (CRWE) is pleased to announce that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc. Crown Equity Holdings Inc. will own fifty percent (50%) interest in the joint venture.

Commenting on the joint venture, Kenneth Bosket, President of Crown Equity Holdings Inc., said: "We are excited to deliver VoIP communications solutions specifically designed to meet the business and residential market needs in this fast-growing global market."

Read full article and disclaimer at : http://doubleinstocks.com/?p=19031

Praxair Inc. (NYSE:PX) announces the following details for its third-quarter earnings release and teleconference call, which will be open to the public and to the media in listen-only mode. Earnings release: Wednesday, October 26, 2011, before the market opens. Teleconference: Wednesday, October 26, 2011, 11:00 am ET. Dial-in number: (617) 801-9713 -- Passcode: 82506832. Presentation materials that will be used during the teleconference will be available at www.praxair.com/investors on Wednesday, October 26, 2011.

Praxair, Inc. engages in the production, sale, and distribution of industrial gases primarily in North America, South America, Europe, and Asia. Its products include atmospheric gases, such as oxygen, nitrogen, argon, and rare gases; and process gases comprising carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

Read full article and disclaimer at : http://doubleinstocks.com/?p=19030

Cato Corp. (NYSE:CATO) reported sales of $70.7 million for the five weeks ended October 1, 2011, a 2% decrease from sales of $71.9 million for the five weeks ended October 2, 2010. Same-store sales for the five-week period decreased 3% from the prior year. Sales for the thirty-five weeks ended October 1, 2011 were $636.4 million, a 2% increase over sales of $624.8 million for the thirty-five weeks ended October 2, 2010. The Company's year-to-date same-store sales were flat to the prior year.

The Cato Corporation operates as a specialty retailer of fashion apparel and accessories in the southeastern United States. The company's stores offer an assortment of apparel and accessories, including dressy, career, and casual sportswear; dresses; coats; shoes; lingerie; costume jewelry; and handbags for fashion and value conscious females.

Read full article and disclaimer at : http://doubleinstocks.com/?p=19029

Plains Exploration & Production Company (NYSE:PXP) announces dates and times of upcoming investor events when members of Management will address the investment community: PXP is scheduled to release third quarter results on Friday, November 4, 2011, before the market opens and will host its quarterly conference call that same day, Friday, November 4, 2011, at 8:00 a.m. Central time.

Plains Exploration & Production Company, an independent oil and gas company, primarily engages in acquiring, developing, exploring, and producing oil and gas in California, Texas, and Louisiana.

Read full article and disclaimer at : http://doubleinstocks.com/?p=19028

Crown Equity Holdings Inc., (CRWE)

Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness. Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.

An Internet VoIP phone service is also known as Voice over Internet Protocol (VoIP). This facility uses an existing internet connection for both outgoing and incoming telephone calls instead of using the traditional telephone line. It can be stated without fear of contradiction that there are several benefits of internet VoIP phone service over traditional land line. There are three main types of internet phone services: web to phone, phone to phone, and web to web. Web to phone allows you to place a call to a landline phone or mobile phone from a personal computer using business VoIP web based software. Phone to phone allows you to use a VoIP telephone to make or receive phone calls that are placed over the internet. Web to web allows you to place calls from your computer to another computer and requires you use a headset with a microphone to communicate on calls.

Read full article and disclaimer at : http://doubleinstocks.com/?p=19027

Schmitt Industries, Inc. designs, manufactures and markets computer-controlled vibration detection and balancing equipment (the Balancer segment) primarily to the machine tool industry. Through its wholly owned subsidiary, Schmitt Measurement Systems, Inc., the Company designs, manufactures and markets precision laser-based surface measurement products for a wide variety of commercial applications in addition to the disk drive, silicon wafer and optics industries; laser-based distance measurement products for a wide variety of industrial applications; and ultrasonic measurement products that accurately measure the fill levels of large liquefied propane tanks and transmit that data via satellite to a secure web site (the Measurement segment). The Company also sells and markets its products in Europe through its wholly owned subsidiary, Schmitt Europe Ltd. located in the United Kingdom.

Revenues Increase 44.4%; Net Income at $0.05 Per Diluted Share



Schmitt Industries, Inc. (Nasdaq:SMIT) announced its operating results for the first quarter ended August 31, 2011. Sales for the three months ended August 31, 2011 increased $1,067,018, or 44.4%, to $3,471,485 compared to $2,404,467 for the same period last year. Net income for the first quarter ended August 31, 2011 was $137,028, or $.05 per diluted share, compared to a net loss of $112,625, or $.04 per diluted share, for the same period last year.

For the first quarter ended August 31, 2011, sales in the SBS Balancer segment increased $993,122, or 65.0%, to $2,520,539 from $1,527,417 in the first quarter of Fiscal 2011. Sales in the Measurement segment increased $73,896, or 8.4%, to $950,946 in the first quarter of Fiscal 2012 from $877,050 in the first quarter of the prior year. Sales of the Company's balancer and laser-based measurement products increased from the prior period due primarily to higher volumes of shipments as the worldwide automotive and manufacturing industries continued to recover from the global economic downturn.

Jim Fitzhenry, President of Schmitt Industries, added, "As our financial results indicate, we are seeing a gradual recovery in our markets after a long period of decline. During this time period, we have been careful with our expenditures, focusing our resources on new product development and enhancing our sales organization and distribution channels. We have started to see the positive results of those investments as evidenced by two consecutive quarters of profitability. We are continuing to work hard to return the Company to consistent profitability while also monitoring developments in the global economy as it relates to manufacturing," Fitzhenry concluded.

Read full artical and disclimar at : http://doubleinstocks.com/?p=18987

Crown Equity Holdings, Inc. (CRWE)

Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers. Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.

The term VoIP stands for voice over Internet Protocol. VoIP is related to the terms IP telephony and Internet telephony, which you'll be hearing more and more about during the next several years.
At the most basic level, VoIP technologies enable analog telephone communications to be digitally transferred and routed over data networks-whether it's a wide area network (WAN), a local area network (LAN) or the Internet.

Read full article and disclaimer at : http://doubleinstocks.com/?p=18996