Pennytobuck's Personal Finance Blog

FiberTower Corporation (NASDAQ:FTWR) reported results for the second quarter and six months ended June 30, 2011. Service revenues net of early termination liability (ETL) grew 11% to $20.0 million in the 2011 second quarter from $18.1 million in the 2010 second quarter. Average monthly revenue per deployed site net of ETL was $2,003 in the 2011 second quarter compared to $1,925 in the 2010 second quarter. Adjusted EBITDA net of ETL was $1.2 million and improved $2.2 million from a negative $1.0 million in the 2010 second quarter.

FiberTower Corporation provides facilities-based backhaul services to wireless carriers in the United States. Backhaul is the transport of voice, video, and data traffic from a wireless carrier's mobile base station, or cell site, to its mobile switching center or other exchange point where the traffic is then switched onto a wire line telecommunications network.

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Sinovac Biotech Ltd. (NASDAQ:SVA) announced its unaudited second quarter financial results for the period ended June 30, 2011. Sales increased 52.5% year-over-year to $15.7 million, compared to $10.3 million. Net income attributable to shareholder reached $1.32 million and EPS was $0.02 per share. Cash and cash equivalents and short-term investments, which the principal and income were guaranteed, totaled $92.7 million at June 30, 2011, compared to $103.1 million at December 31, 2010.

Sinovac Biotech Ltd., a biopharmaceutical company, engages in the research, development, manufacture, and commercialization of vaccines against the hepatitis A, hepatitis B, and influenza viruses in the People's Republic of China.

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American Superconductor Corporation (NASDAQ:AMSC) announced that it has reduced its global workforce by approximately 30 percent and its annualized expenses by approximately $30 million since March 31, 2011. These reductions were made to better align costs with the company's revenue expectations, which have been affected by business and contractual issues with AMSC's largest customer, Sinovel Wind Group Co., Ltd. AMSC expects to report a significant net loss on revenues of less than $10 million for the fiscal quarter ended June 30, 2011.

American Superconductor Corporation, a power technologies company, provides wind turbine designs and electrical control systems primarily in North America, Europe, and the Asia-Pacific.

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NetSol Technologies, Inc. (Nasdaq:NTWK) announced that Najeeb Ghauri, the company's Chairman and Chief Executive Officer, purchased 100,000 shares of NetSol Technologies' common stock on the open market at an average price of $ 0.69. This purchase follows prior purchases of 200,000 shares in March 2011, 100,000 shares in February 2011 and 125,000 shares in December 2010, bringing Ghauri's total ownership in NetSol to more than 2.1 million shares, or 7% on a fully diluted basis.

Netsol Technologies, Inc. designs, develops, and markets software products for the automobile finance and leasing, banking, healthcare, and financial services industries worldwide.

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NetSol Technologies, Inc. (Nasdaq:NTWK) announced that Najeeb Ghauri, the company's Chairman and Chief Executive Officer, purchased 100,000 shares of NetSol Technologies' common stock on the open market at an average price of $ 0.69. This purchase follows prior purchases of 200,000 shares in March 2011, 100,000 shares in February 2011 and 125,000 shares in December 2010, bringing Ghauri's total ownership in NetSol to more than 2.1 million shares, or 7% on a fully diluted basis.

Netsol Technologies, Inc. designs, develops, and markets software products for the automobile finance and leasing, banking, healthcare, and financial services industries worldwide.

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National Health Partners, Inc. (NHPR)

National Health Partners, Inc. is a national healthcare savings organization that provides discount healthcare membership programs to uninsured and underinsured people through a national healthcare savings network called "CARExpress."

CARExpress is one of the largest networks of hospitals, doctors, dentists, pharmacists and other healthcare providers in the country and is comprised of over 1,000,000 medical professionals that belong to such PPOs as CareMark and Aetna. The company's primary target customer group is the 47 million Americans who have no health insurance of any kind. The company's secondary target customer group includes the millions of Americans who lack complete health insurance coverage. The company is headquartered in Horsham, Pennsylvania.

Read more at: http://pennytobuck.com/?p=16561

Delcath Systems, Inc. (NASDAQCTH) announced that management will present at the Wedbush 2011 aLife Sciences Management Access Conference on Tuesday, August 16, 2011 at 2:25 P.M. ET in New York. David McDonald, Chief Financial Officer, will provide an overview of the Company's business strategy and recent corporate developments. Attendance at this conference is by invitation only. Delcath will offer a live audio webcast of its presentation, which may be accessed on the Investor Relations section of the Company's website at www.delcath.com.

Delcath Systems, Inc., a development stage company, operates as a specialty pharmaceutical and medical device company.

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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.

Voice over Internet Protocol (VoIP), is a technology that allows you to make voice calls using a broadband Internet connection instead of a regular (or analog) phone line. Some VoIP services may only allow you to call other people using the same service, but others may allow you to call anyone who has a telephone number - including local, long distance, mobile, and international numbers. Also, while some VoIP services only work over your computer or a special VoIP phone, other services allow you to use a traditional phone connected to a VoIP adapter.

Read more at : http://pennytobuck.com/?p=16556

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.

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."

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Marlin Business Services Corp. (Nasdaq:MRLN) announced it has teamed with SAP to provide flexible financing options to SAP channel partners and business customers in the U.S., allowing customers to acquire new technology while preserving cash. SAP(R) Financing operated by Marlin will offer various financing plans with flexible terms and payment options, primarily in support of the deployment of solutions for small and midsize enterprises (SMEs). Financing is available through SAP channel partners, as well as through SAP sales teams, directly to SAP customers.

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Marlin Business Services Corp. (Nasdaq:MRLN) announced it has teamed with SAP to provide flexible financing options to SAP channel partners and business customers in the U.S., allowing customers to acquire new technology while preserving cash. SAP(R) Financing operated by Marlin will offer various financing plans with flexible terms and payment options, primarily in support of the deployment of solutions for small and midsize enterprises (SMEs). Financing is available through SAP channel partners, as well as through SAP sales teams, directly to SAP customers.

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Siga Resources Inc. (SGAE) President and CEO, Edwin Morrow, is pleased to announced that Bentley Fairview Resources Co. Ltd., of Ontario, Canada, the Joint Venture Partner for the Big Bear Mining Claims located in San Bernardino County, California, has advanced the initial payment for the initiation of a work program on the Big Bear Mining Claims.

This is the initial payment of a $10,000,000 Joint Venture entered by the two companies with the goal of proving the indicated gold resources on the Big Bear claims and if warranted, developing the Big Bear property to possible production. Siga's work program and the beginning of evaluation of the project are underway as of Aug 3, 2011.

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General Communication, Inc. (NASDAQ:GNCMA) announced that its wholly owned subsidiary, GCI, Inc. ("GCI"), is extending the expiration date of the offer to exchange an aggregate principal amount of up to $325,000,000 of GCI's new 6 3/4% Senior Notes Due 2021, which have been registered under the Securities Act of 1933, for a like amount of GCI's old 6 3/4% Senior Notes Due 2021 issued in a private offering on May 20, 2011. GCI has extended the offer in order to provide the holders of notes with sufficient time to review a supplement to the prospectus dated July 7, 2011 concerning the exchange offer.

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Iridium Communications Inc. (Nasdaq:IRDM) reported strong financial results for the second quarter of 2011 and affirmed its outlook for the full-year 2011. Net income was $11.7 million for the second quarter of 2011, as compared to $3.2 million for the second quarter of 2010. Operational EBITDA ("OEBITDA")(1) for the second quarter was $48.4 million, as compared to $36.1 million for the prior-year period, representing year-over-year growth of 34 percent and an OEBITDA margin(1) of 50 percent. OEBITDA for the first half of 2011 was $91.5 million, as compared to $69.6 million for the prior-year six-month period, representing year-over-year growth of 32 percent. OEBITDA benefited from solid growth in commercial service, government service and equipment revenue.

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Siga Resources Inc. (SGAE)

Millions of computers are manufactured worldwide each year and gold plays an active role in their many components. The most important use of gold is as a fine wire that connects circuits to the semiconductors, or the "brains" of the computer. This "bonding wire" is specially refined (up to "five nines" or 99.999-percent pure gold) and has an average diameter of one hundredth of a millimeter - smaller than the diameter of a human hair.

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The Hain Celestial Group, Inc. (NASDAQ:HAIN) will conduct a conference call on Tuesday, August 23, 2011 at 4:30 PM (Eastern Time) to review its Fourth Quarter and Fiscal Year 2011 results, which will be released prior to the call. The conference call with feature remarks by Irwin Simon, President and Chief Executive Officer, Ira Lamel, Executive Vice President and Chief Financial Officer and John Carroll, Executive Vice President and Chief Executive Officer-Hain Celestial United States.

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Majestic Gold Corp. (MJS.V)

Majestic Gold Corp. (MJS.V) 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.

The loan will have a one year term and loan principal will be convertible at the option of the lender in whole or in part into common shares ("Shares") of the Company until twelve months from the date of the loan advance at the price of $0.205 per Share. The loan will bear interest at the rate of 7.5% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into shares of the Company until twelve months from the date of the loan advance at Market Price at the time of conversion.

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Career Education Corporation (NASDAQ:CECO) reported total revenue of $497.2 million, and net income of $55.4 million, or $0.73 per diluted share, for the second quarter of 2011 compared to total revenue of $527.7 million and net income of $64.3 million, or $0.80 per diluted share, for the second quarter of 2010. Total revenue was $497.2 million for the second quarter of 2011, a 5.8 percent decrease from $527.7 million for the second quarter of 2010.

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National Health Partners, Inc., announced the recent signing of two new significant marketing agreements. These two clients provide very different opportunities and continue to expand the reach of CARExpress into new marketplaces.

By launching their own unique internet marketing program, the first group should be able to provide a widespread push into the on-line market to produce an excellent volume of new CARExpress sales into the pipeline. In addition, the second group offers a reach into the wholesale marketplace where CARExpress will be wrapped into other programs to enhance the value of the overall package to the consumer. They would consider this non-traditional business and a great opportunity to expand their reach as well as recognition of the CARExpress program nationwide.

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Canadian Natural Resources Limited (NYSE:CNQ) has declared a quarterly cash dividend on its common shares of C$0.09 (nine cents) per common share. The dividend will be payable October 1, 2011 to shareholders of record at the close of business on September 16, 2011. Canadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. portion of the North Sea and Offshore West Africa.

Canadian Natural Resources Limited engages in the exploration, development, production, marketing, and sale of crude oil, natural gas liquids, and natural gas.

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Crown Equity Holdings, Inc. announced that it has extended its CRWENEWSWIRE global platform web presence and is now publishing online news and information to the following countries: Argentina, Australia, Brazil, China, France, Germany, India, Ireland, Italy, Japan, Malaysia, Mexico, New Zealand, Russia, Singapore, South Africa, South Korea, Spain, Taiwan, United Arab Emirates and the United Kingdom, using their specific country code domain and native language.

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Arbor Realty Trust, Inc. (NYSE:ABR) announced financial results for the second quarter ended June 30, 2011. Arbor reported net loss attributable to Arbor Realty Trust, Inc. for the quarter of $10.4 million, or $0.41 per diluted common share, compared to net income attributable to Arbor Realty Trust, Inc. for the quarter ended June 30, 2010 of $129.1 million, or $5.05 per diluted common share. Net loss attributable to Arbor Realty Trust, Inc. for the six months ended June 30, 2011 was $10.1 million, or $0.40 per diluted common share, compared to net income attributable to Arbor Realty Trust, Inc. for the six months ended June 30, 2010 of $155.5 million, or $6.10 per diluted common share.

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Gold is used in many places in the standard desktop or laptop computer. The rapid and accurate transmission of digital information through the computer and from one component to another requires an efficient and reliable conductor. Gold meets these requirements better than any other metal. The importance of high quality and reliable performance justifies the high cost. Edge connectors used to mount microprocessor and memory chips onto the motherboard and the plug-and-socket connectors used to attach cables all contain gold. The gold in these components is generally electroplated onto other metals and alloyed with small amounts of nickel or cobalt to increase durability.

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Lexington Realty Trust (NYSE:LXP) announced results for the second quarter ended June 30, 2011. Generated Company Funds from Operations ("Company FFO") of $41.1 million or $0.24 per diluted common share/unit, adjusted for certain items. Closed property acquisitions of $108.8 million and loan investments of $15.8 million. Increased portfolio occupancy 80 basis points to 96.1%; highest level since 2007. Executed 19 new and renewal leases, totaling approximately 1.4 million square feet.

Lexington Corporate Properties Trust operates as a self-managed and self-administered real estate investment trust (REIT). The company acquires, owns, and manages a portfolio of office, industrial, and retail properties net-leased to corporate tenants in the United States.

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One of the most effective means of marketing businesses is to make use of online advertising. Aside from being a hub of vast amounts of information, the Internet is also a resource that most people tap into when it comes to their shopping needs. Here are more insights as to why a Web-based presence can be greatly beneficial for those selling goods.

For one, making purchases online is extremely convenient for the average consumer. Customers can easily browse through a multitude of merchandise as well as compare their prices. This is a compelling reason why merchants set aside much of their budget to produce electronic adverts since thousands of people can view these every day.

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Tupperware Brands Corporation(NYSE:TUP) declared the Company's regular quarterly dividend of 30 cents per share, payable on October 5, 2011, to shareholders of record as of September 20, 2011. The Company also announced today that Susan M. Cameron has been elected to its board of directors. Ms. Cameron, age 52, is the retired Chairman and Chief Executive Officer of Reynolds American Inc., a publicly-traded tobacco products company. Additionally, Ms. Cameron is a director of R.R. Donnelley & Sons Company and a member of the University of Florida Board of Trustees. Ms. Cameron holds a Bachelor of Science degree in business administration from the University of Florida and a Masters of Business Administration degree from Bellarmine University.

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I.D. Systems, Inc. (Nasdaq:IDSY) reported financial results for the three and six months ended June 30, 2011. Revenue increased 39% to $8.3 million from $6.0 million in the same year-ago period. The improvement was driven by increased sales of the company's wireless industrial vehicle management systems to both new and existing customers. Recurring revenue for Q2 2011 was $4.1 million or 50% of total revenue.

I.D. Systems, Inc. develops, markets, and sells wireless solutions for managing and securing enterprise assets, including industrial vehicles, such as forklifts and airport ground support equipment, and rental vehicles in North America.
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I.D. Systems, Inc. (Nasdaq:IDSY) reported financial results for the three and six months ended June 30, 2011. Revenue increased 39% to $8.3 million from $6.0 million in the same year-ago period. The improvement was driven by increased sales of the company's wireless industrial vehicle management systems to both new and existing customers. Recurring revenue for Q2 2011 was $4.1 million or 50% of total revenue.

I.D. Systems, Inc. develops, markets, and sells wireless solutions for managing and securing enterprise assets, including industrial vehicles, such as forklifts and airport ground support equipment, and rental vehicles in North America.

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Vitacost.com, Inc. (NASDAQ:VITC) reported financial results for the second quarter of 2011 and provided updates to its long-term sales growth initiatives previously outlined on June 16th, 2011 in conjunction with the conclusion of the Strategic Review. In addition, the Company announced that it has named Robert "Bert" Wegner as Chief Operating Officer. Mr. Wegner has over 20 years of logistical experience and was formerly the Director of Operations, North America at Amazon.com from 2006 through 2010. He served in other senior operational and managerial roles at Amazon from 1999 through 2006. His initial responsibilities include fulfillment, manufacturing and customer service.

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Health Savings Accounts were created in 2003 so that individuals covered by high-deductible health plans could receive tax-preferred treatment of money saved for medical expenses. Generally, an adult who is covered by a high-deductible health plan (and has no other first-dollar coverage) may establish an HSA.

Contributions are made into the account by the individual or the individual's employer and are limited to a maximum amount each year. The contributions are invested over time and can be used to pay for qualified medical expenses, which include most medical care such as dental, vision and over-the-counter drugs.

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