Feb. 16, 2011
-- Asta Funding Inc. (Nasdaq:ASFI)
announced results for the first quarter of the 2011 fiscal year, the three-month period ended December 31, 2010. For the three months ended December 31, 2010, the Company reported net income of $2,666,000, or $0.18 per diluted share, an increase over net income of $2,475,000, or $0.17 per diluted share for the comparable period of fiscal year 2010. Total revenue was $10,838,000 for the quarter ended December 31, 2010, as compared to $11,053,000 for the three-month period ended December 31, 2009. Finance income from fully amortized portfolios (zero basis revenue) was $8,793,000 for the three-month period ended December 31, 2010, an increase of $685,000 from the first quarter of fiscal year 2010 of $8,108,000.
Geared-up mining operations and expanded manufacturing schedules in Africa, Australia, Canada, Malaysia, the US, Vietnam and elsewhere, may well provide supply-chain choices to China, which controls well over 95 % of the world’s rare earths. The U.S. House of Representatives, fearful the U.S. military could possibly become relying on Chinese-made electronics, approved H.R. 6160, the Rare Earths and Critical Materials Revitalization Act of 2010.
Japan, one of many nations hardest hit by the reduction of rare earth supplies, has fast-tracked efforts both to reuse rare earths from thrown away or discarded electronics, and also to develop alternatives of the materials to be used in electric engines and the nickel-metal-
hydride batteries used in hybrid vehicles.
Constraints on Chinese exports are generating options for non-Chinese projects.
American Video Teleconferencing Corp. (Pink Sheets:AVOT.PK)
, "the company", a Tampa-based independent oil and gas exploration and production company, has announced the next stage of its Western U.S. operations. The Company met with the executives of Thrust Resources Inc. and EQ Resources Inc. in Dallas, Texas on January 20, 2011. The meeting focused on a joint venture for the Central Utah Prospect between the Companies. This was the initial meeting between Clint Brower, CEO and Chairman of EQ Resources, and Andrew Kacic, the newly named President of Proper Power & Energy Inc.
The next steps will be circulating a memorandum of understanding followed upon definitive agreements. "We look forward to expedite future discussions of both Companies working together to mutually reach our Utah objectives,"
stated Andrew Kacic.
To contact the company, Email at dealseekers10@
Trinity Biotech plc (Nasdaq:TRIB)
announced the acquisition of the Toronto based diagnostics company, Phoenix Biotech Corp, for US$2.5 million. Consideration is $2.5m of which $1m has been paid upfront with the remaining $1.5m to be paid over the next 12 months. The consideration of $2.5m includes acquired net assets of approximately $0.8m. Phoenix manufactures and sells a syphilis total antibody (IgG & IgM) test and is the only FDA approved total antibody elisa test on the US market. These Phoenix products will be combined with the current Trinity Captia syphilis range giving Trinity a significant position in the syphilis testing market.
GreenHouse Holdings, Inc. (OTC Bulletin Board:GRHU.OB)
and ten tequila distilleries, members of the largest and most profitable export industry in Mexico, announced that they are becoming more energy efficient and environmentally sustainable as mandated by recently enacted regulations. The distilleries have entered into agreements with GreenHouse Soluciones, a wholly-owned subsidiary of Southern California-based Greenhouse Holdings, Inc., a leading provider of energy efficiency and sustainable infrastructure. The agreements are expected to generate over $8 million in revenues for GreenHouse in 2011.
GRHU will remove approximately 600 tons of solid agave waste per day from its initial ten Tequila customers, which represents approximately 33% of the total agave waste from the area. The Company estimates it will receive approximately $1.7 million annually in revenues based on the initial ten customers. In addition, GreenHouse plans to convert the waste to compost and sell fertilizer to local farmers which can in turn be used to protect the soil of the region. The company estimates they will be able to produce approximately 120,000 tons of compost fertilizer per year, which equates to approximately $6.5 million in additional revenues for GreenHouse.
Recently, Emissary Capital Group LLC Reaffirmed $7 price objective on GRHU .
To read the complete report, click here: http://pennyomega.com/
Emissary Capital Group, LLC. is a New York City-based company that provides strategic consulting and research services to public emerging growth companies. The firm also provides a diversified array of services to small and medium sized private companies, generally defined as those with annual revenues under $200 million, in order to assist them to become publicly traded companies in the U.S.!
More about GRHU at: www.greenhouseintl.com
InfoSpace Inc. (Nasdaq:INSP)
announced that the Company will present at the America’s Growth Capital Emerging Growth Conference and the Goldman Sachs Technology and Internet Conference. A live audio webcast of the presentations will be available under the Events section of the InfoSpace corporate website.
Bill Ruckelshaus, president and acting chief executive officer, will present at the America’s Growth Capital 7th Annual West Coast Emerging Growth Conference in San Francisco, CA at 10:30 a.m. PT / 1:30 p.m. ET on Tuesday, February 15, 2011.
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