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Yes it is indeed.
Cheers!!
Excellent news out today
Reports Net income of $3.6 Million/ $0.02 Per Share
MRV Announces First Quarter Fiscal Year 2010 Financial Results
MRV COMMUNICATIONS, INC. (Pink Sheets:MRVC), today announced financial results for its first quarter ended March 31, 2010.
“I am pleased to announce that we continued to make operational improvements across all of our operating segments, gross margin improved for the fourth consecutive quarter and we achieved profitability for the second consecutive quarter,” commented Noam Lotan, chief executive officer of MRV.
“We believe we are well positioned in the market and we see initial signs that our markets are improving, yet our environment remains challenging and competitive. It is a pivotal time for MRV as we execute upon our strategy and focus on innovation, technology leadership and profitability,” said Lotan.
Consolidated Results
Revenue for the first quarter was $109.1 million, compared with revenue of $124.4 million in the preceding quarter and $103.6 million in the first quarter of the prior year. The sequential decline in revenue is due primarily to normal seasonality.
Gross margin continued to improve both sequentially and year-over-year. First quarter 2010 gross margin was 36 percent, compared with 33 percent in the prior quarter and 20 percent reported in the first quarter of 2009.
The company reported net income from continuing operations attributed to MRV stockholders of $3.6 million in the first quarter of 2010, or $0.02 per diluted share, which included share-based compensation charges of $0.4 million, and depreciation and amortization of $2.4 million. This compares with net income from continuing operations attributable to MRV of $24.7 million, or $0.16 per share in the prior quarter. The prior quarter net income included share-based compensation charges of $0.6 million, depreciation and amortization of $3.1 million, and $24.0 million in income from one-time items comprising a gain of $20.5 million attributed to a settlement agreement, which decreased the potential deferred consideration related to the acquisition of Fiberxon, Inc., and a gain on the sale of our investment in Dune Networks, Inc. of $3.5 million. Net loss from continuing operations attributed to MRV stockholders was $15.4 million, or $0.10 per share, in the first quarter of 2009, which included share-based compensation charges of $0.6 million, and depreciation and amortization of $2.5 million.
Operating Segment Results
The Network Equipment group reported revenue of $30.0 million, compared with $29.7 million in the prior quarter and $24.9 million in the first quarter of 2009.
The Network Integration group reported revenue of $32.7 million, compared with $41.2 million in the fourth quarter of fiscal 2010, and $33.1 million in the first quarter of fiscal 2009.
The Optical Components group, consisting primarily of Source Photonics, Inc., reported revenue of $49.5 million in the first quarter 2010, compared with $56.6 million in the prior quarter and $48.1 million in the first quarter of 2009.
Conference Call
MRV will host a conference call to discuss its first quarter financial results today at 5:00 p.m. Eastern time (2:00 p.m. Pacific time). For parties in the United States and Canada, call 877-941-8418 to access the conference call. International parties can access the call at 480-629-9809. MRV will offer its live audio broadcast of the conference call, along with the financial presentation, on the MRV Investor website at http://ir.mrv.com. For replay information, please visit the MRV Investor website.
Excellent news out. This could be very good for Zamage Digital.
This part especially
NexCen Brands to Discuss First Quarter Financial Results
NexCen Brands, Inc. (PINK SHEETS: NEXC.PK) today announced that management will host a conference call and audio webcast on Monday, May 17, 2010, at 5:00 p.m. EDT to discuss its financial results for the first quarter of 2010. In addition, the Company intends to file with the Securities and Exchange Commission on May 17, 2010 its Quarterly Report on Form 10-Q for the period ended March 31, 2010.
The conference call may be accessed by dialing 800-944-8766 or 317-713-0002, access code: 27689. Additionally, a webcast of the call can be accessed at http://www.nexcenbrands.com/investor.html and will be archived online shortly after the conference call until June 17, 2010. If you are unable to participate in the live conference call, a replay of the call will be available from May 18th at approximately 10:00 a.m. Eastern Time until May 24th at 11:59 p.m. Eastern Time. To access, please dial 1-866-281-6782, access code: 154227.
About NexCen Brands, Inc.
NexCen Brands, Inc. is a strategic brand management company with a focus on franchising. It owns a portfolio of franchise brands that includes two retail franchise concepts: TAF™ and Shoebox New York®, as well as five quick service restaurant (QSR) franchise concepts: Great American Cookies®, MaggieMoo's®, Marble Slab Creamery®, Pretzelmaker® and Pretzel Time®. The brands are managed by NexCen Franchise Management, Inc., a subsidiary of NexCen Brands.
Expert Group, Inc. to Present for Top Realties in Florida
MIAMI, FL -- (Marketwire)
05/10/10
Expert Group, Inc. (PINKSHEETS: EXPU), a Florida based diversified financial services provider, specializing in home and commercial real estate loans announced today that management is scheduled to present to Realties across Miami-Dade and Broward county.
Speakers:
Robert Rico, Chief Executive Officer
Shirley Rico, President
Milton Knight, Vice President
Dates: Monday, May 17th 2010 thru July 27th 2010
The presentation will introduce the new and enlarged Expert summer program inspired by recently 1000 cash back summer deal and the theme is "Let Expert Find the Right Loan for You."
Presentations are being solicited for all interested organizations and individuals who are real estate agents, but can include borrowers and developers as well. A broad range will cover the 1000 cash back summer deal, new Fannie Mae condo financing, Jumbo loans, FHA and residential and commercial financing. The presentations will serve the purpose of marketing new programs as well as our 1000 summer deal. The presentations is expected to draw bankers, developers, planners, attorneys, realtors, non-profit organizations and community groups.
The 1,000 Cash back summer deal will be aired thru a radio campaign starting May 24, 2010 on 97.3; the campaign will reach 1.784,000 million listeners, as well as thru our broker network and web based campaigns. "The marketing bliss set Expert apart from all its competitors," said Robert Rico, CEO, Expert Group, Inc. "Our goal from this campaign is to generate 50 to 100 closings."
For a full list of presentation topics refer: Robert@ExpertFinancing.net
To schedule a presentation with your realty contact: Catarina@ExpertFinancing.net
About Expert Group, Inc.
Expert Group, Inc. markets a variety of financial products and services through Expert Financing & Investments; with multiply offices throughout South Florida Expert are rapidly becoming a market leader in the multibillion dollar Florida market. Expert is licensed by the Department of Financial Regulations and a member of FAMB, FHA and VA Lender.
About Expert Financing: Expert financing offers up-to-date loan programs tailored to all borrowers' needs, specializing in Fannie Mae, Freddie Mac, FHA, conventional and non-conventional loans of all sizes. Let Expert Find The right Loan for you
I see GSRE had news today. This taken from ihub news for GSRE:
Aeon Holdings, Inc. Appoints Edward McGinnis as President
PR Newswire
VANCOUVER, Wash., May 10 /PRNewswire-FirstCall/ --
Aeon Holdings, Inc. (Pink Sheets: AEOH) has appointed Edward McGinnis to serve as President. His appointment is timed with the roll out of the new business plan for Aeon.
Mr. McGinnis is a results-oriented leader with over 30 years diversified management experience in developing innovative solutions to unstructured problems and situations. He has proven to be a creative professional, perceptive to changing priorities, emerging needs, and organizational objectives while being effective at establishing and developing communications with management teams and operatives at all levels.
Since 1988 Mr. McGinnis has provided consulting services and interim C-level management for mergers, acquisitions turnarounds and start-ups as President of MDC Management Services. He also served from 1997 to 2002 as an Investment Counselor with the Pennsylvania State Treasury Department where he provided money management and investment services to local government agencies and municipalities.
In 2002 he became the CEO of Active Image Recognition Corporation and led development of relationships with integrators, manufacturers, government agencies, and clients, to position the technology for penetration into the market. The technology was later licensed to another operating company, and a buyout offer extended by a NYSE listed company.
"For the past two years, I have been working with a major energy company with a history of production of oil, gas, and coal. Accordingly, I have become increasingly knowledgeable of the oil business, particularly in Pennsylvania. I look forward to working on Aeon's oil development plan and updating our investors with current projects as well as new acquisitions that are planned," stated Mr. McGinnis.
Mr. McGinnis graduated with a Bachelor of Science, Marketing & Personnel Management and a Master of Business Administration from Columbia-Pacific University. He is also a Veteran of the US Army.
ABOUT AEON HOLDINGS, INC.
Aeon is an energy company with interests in oil and gas development and production. Aeon follows an aggressive business model, focusing on redevelopment of oil and gas fields with a history of production. Through management by Aeon's parent company, Green Star Energies (Pink Sheets: GSRE), the Company is actively seeking acquisitions and joint ventures. Please visit our new website: http://www.AeonHoldingsInc.com.
Please read the full disclaimer before making any investment decisions, available here: http://aeonholdingsinc.com/index-6.html.
Link to news for GSRE:
http://ih.advfn.com/p.php?pid=nmona&article=42737477&symbol=GSRE
Picked some up avg .47 for a quick bounce, sold .51, might get back in, volume alert on this, but imo it could settle down a bit more before finding its true bottom.
GLTA
Reading the recent filing and its nice to see Bialy Gas Production Company, LLC, and Jonathan M. Bialy discontinued the court proceedings with Crows Run. From my understanding they were paid but the titling etc was not trasfered over to GSRE as agreed upon. At least that is my take on the filing.
Green Star alleges Bialy breached contract:
ZLUS trading at its lod, bidding some at .0035 jic for a bounce.
I added some at $2.50 the other day, avg around $2.60 i think now, sold some today at $3.00 to lock some in.
GLTY
Im sorry but that is incorrect, they are held and registered under Green Stars Name, It specifically states Brandon Toth was an Indirect owner because he was a director for the company.
"Held by Green Star Energies, Inc."
Ownership Form: Direct (D) or Indirect (I)
Taken right from the filing:
"Mr. Toth is the President, Chief Executive Officer, Secretary and a director of Green Star Energies, Inc., the company that has sole voting and investment power over the securities."
I got out even, looking to add again.
Why is dilution bad? If they turn dilution into assets and or cash flows, I'm pretty sure thats the whole reason for a public company to exist.
How do you propose they create value without using stock? Companies use stock as a means to start, expand, and increase value all the time.
With Pinks OS isnt always an issue, just as long as the PPS goes up. Personally I wish they would issue a few hundred million shares in exchange for few hundred thousand dollars, buy an interest in a producing well and, bingo, cash flows and shareholder value, than work on getting other projects going. But that is just my opinion.
Might be called dilution but it would actually put assets on the books.
Not bad trading yesterday, I picked up a few at .052, spec play for me. Any thoughts long term? I bet we can see .07 next week. Of course Iv been wrong before.
GLTA
What the word here. Is this poised to move over $1.00 sometime soon?
Sounds like GSRE is not bailing on this project like some state as fact. Sounds like its up to the other partners and operator to start drilling lower. They wanted to drill lower, decided to produce at current level, filled a tank 1/3 full of oil and water, than found that its better to take it lower. I dont see anything wrong with that. What else can you expect from a pinky.
Lets just hope we get drilling news by summer and or production.
Might be just the change needed. Nice to see some news out. Seemed like the CEO was having a hard time keeping on everything and with some help things might actually start getting done.
Bashers are out in force recently making expectations for this stinky pinky like its a amex or nasd reporting company when its not. To each his own. How can you expect a Pinksheet stock to walk, talk, run, and act like a reporting company?
GLTA
Added a small position on the pull back around $2.67, might still go lower.
Citibank extends deadline on Zale card agreement
Picked up some UNG this week in the $6's. NG is low right now and this should be good for a little hold.
NVLT could make for a nice bounce play, didnt do much today but held .30 pretty well. Dropped from $1.65
I agree, now is the time to find the bottom and play the bounce. Im not sure about a long term hold as the future may be uncertain but its looking cheap at these levels.
That letter sounds rather odd. Did you ever find out what was the cause?
I havent added any yet but its looking like $8.50 is close by. Nice call.
Natural gas prices tumbled nearly 4 percent after the government said supplies are still higher than average for this time of year. With the winter more than half over and warmer temperatures on the horizon, natural gas prices slumped.
Here's a breakdown of how energy prices traded Thursday:
On the New York Mercantile Exchange:
Crude: added $1.73 to settle at $79.06 a barrel.
Gasoline: rose 6.21 cents to settle at $2.0692 a gallon.
Heating oil: added 4.49 cents to settle at $2.0516 a gallon.
Natural gas: lost 21.4 cents to settle at $5.172 per 1,000 cubic feet.
On the ICE futures exchange:
Brent crude: increased $1.51 to settle at $77.78 a barrel.
Hmm thats too bad. Its the way it goes with pinkies sometimes. Its done good in the past for me. Ill keep a watch on it. Thanks for the input.
You may be right, Ill just have to add more than.
GDHI .0025x.0027, pulling back a little after HOD .0029
GDHI .0027x.0028 up 12%
Takin a little hit today, I added a few shares, could easily see $10 soon again.
Peeking around for another entry, this one has always been good for 50% gains around this range. Anything I should be aware of? I havnt looked into this company in a few months. thanks in advance
Merry Christmas Board. This has been a great year for me here with all the great picks. Looking forward to a better 2010.
I think this one will do good this next year. Added some around $8.75 and holding long.
Doesn't look like there is any resistance. High How? Looks like its going over a dollar.
Keep in mind resistance has to show up somewhere. Until the story unfolds more and we have an understanding of what project are in the works its going to be hard to know exactly and I wouldnt put your life savings into this.
Holding well right now. I have a lower avg but would really like to see .025 this next year.
Merry Christmas!!
Lets hope they can make some mergers and acquisitions that create shareholder value. Obviously a tight float and structure here. This is the kind of deal that can make a lot of people money if done right. A spec play even still IMO.
Have a position and holding long for now.
GSRE other half here is looking much better, decent dollar volume and chart looks fantastic. Wish we could see this with GSRE but maybe in some miracle it will work out.
Of course the state or transfer agent has nothing to do with the amendment. But the State and Transfer Agent received the results and numbers of the voting. They are not going to allow an increase if its not legit. You think the state will allow the filing of increased authorized if its not done leagally?
To think all 100% will vote is ridiculous. The 454m who voted becomes the Quorum, you can't force those that don't vote to vote. And than 51% of the quorum decide the proposal.
I emailed and asked the company to respond, hopefully we get one.
Personally I put my faith in the Secretary of State, Transfer Agent and Securities Counsel used over your conspiracy theories. The numbers and amendments were passed by all three and approved.
Yes 100% are entitled to vote, but that doesn’t mean 100% will vote.
Yes one share equals one eligible vote. Again doesn't mean all 100% will actually vote.
It’s a quorum of a quorum that is needed to pass. Not sure what else to say.
Looking to take another starter position. Got stopped out a couple times but confident we can see higher pps's soon. Good luck