Phototron Holdings (PHOT) boosts sales, stock leaps
Posted on: September 15th, 2011Written by:
Phototron Holdings (OTCBB: PHOT) shares climbed 138.5% to 31 cents on word of exciting sales figures. Volume for the stock topped 25,000, or at least double its all-day average.
A news release put out Sept. 7 revealed that the company had increased sales by more than 78% during August, entering the second month of its new direct selling business model. August’s strong performance represented $107,000 of unaudited sales compared to approximately $60,000 of unaudited sales in July.
Phototron’s new direct selling business model will help expand Phototron’s future sales capabilities to harness the untapped demand for its innovative turn-key hydroponic gardening system.
The same release quoted CEO Doug Braun thus: “We are extremely pleased with Phototron’s results in our second full month after implementing our new business model and strategic growth initiatives.
“Significant increases in both sales and Phototron’s new affiliates demonstrate that our product and business opportunity are attractive to our target audience. In transition periods, it typically takes time to gather momentum. Now that Phototron is starting to see positive results we are confident that we will continue to see accelerated growth as we begin to focus our energies on leveraging our exciting products and new business model to consumers across the US and worldwide.”
The new direct sales model, initiated in June, represents Phototron’s new direct sales initiatives, which are expected to serve both the $30-billion home gardening market and the $1.7-billion medical marijuana community.
Phototron Holdings, Inc., based in Woodland Hills, Calif., designs and manufactures cutting-edge indoor mini-greenhouses capable of growing herbs, vegetables, flowers, fruits and terrestrial plants stronger and faster than traditional farming methods.
Coldwater Creek Inc. (CWTR) shares vault on CEO stock buy
Posted on: September 14th, 2011Written by:
Coldwater Creek Inc. (Nasdaq: CWTR) shares spiked 14.8% to $1.63 Wednesday approaching noon ET, on news Tuesday of a stock purchase by its CEO. Volume for the stock topped two million shares, compared to an all-day average of 887,000.
An article posted Sept. 13 on the site Seeking Alpha mentioned that in recent days Dennis Ponce purchased over 600,000 shares at an average price of around 90 cents. The story also said pointed out that Coldwater Creek has seen quarterly net sales decrease to $181.4 million compared to $253 million in the same quarter in 2010.
Gross profit margins tightened for the quarter as well. Gross profit came in at $45.3 million for the quarter or 25% of net sales, compared with $84.7 million, or 33.4% of net sales in the same quarter in 2010.
The piece in Seeking Alpha added the company recently announced a three-part plan to turn it around, the key elements of which consist of a comprehensive brand marketing campaign, retail store optimization and a merchandising revitalization plan.
Coldwater Creek is a leading specialty retailer of women’s apparel, gifts, jewelry, and accessories founded in 1984 and headquartered in Sandpoint, Idaho.
Deer Consumer Products (DEER) gains on recent financial strength
Posted on: September 7th, 2011Written by:
Deer Consumer Products (Nasdaq: DEER) shares charged ahead 8.4% Wednesday to $4.37. Volume for the stock neared 600,000 shares toward the closing bell, or better than double its daily average of 233,000.
A news release that came out in early August pointed to second-quarter results that were truly impressive. The New York-based company, providing small household and kitchen appliances for global customers, revealed revenues of $45.1 million, an increase of $10.7 million or 31% from $34.5 million for the three months ended June 30, 2010.
Approximately 65% of the sales in the second quarter were generated from China’s domestic markets while approximately 35% were from export markets. The increase in revenues was a result of the company’s expansion of sales in the China domestic market. The company was also able to raise the average selling prices of our products during the quarter and maintained healthy profit margins across our product lines.
Deer’s gross profit margin was approximately 29% for the three months ended June 30, 2011, which reflects blended profit margins between its higher-margin China domestic sales and generally lower margins from export sales.
Second-quarter net income was $7.3 million, an increase of 22% from Q2/2010. Fully diluted earnings per share were $0.22, an EPS increase of 22% from Q2/2010.
On that occasion, company CEO Bill He commented: “Deer is pleased to report record second quarter financial results. In 2010, Deer entered China’s domestic markets with a strong push by putting our ‘DEER’ branded products on the shelves of approximately 3,000 retail locations across China.
He continued, “’DEER’ branded products did especially well in the Guandong Province, Sichuan Province, Shaanxi Province, Zhejiang Province and Shandong Province. In 2011, Deer plans to continue to expand such store presence across China while adding in-store promotional staff to further enhance sales and sell-through. During the second quarter, we experienced strong customer product re-ordering from existing and new customers, as well as various levels of product sell-through. In certain product lines and during Chinese holidays, some of our products sold out completely. We made great efforts to replenish empty shelf space in some markets.”
Location Based Technologies, Inc. (LBAS) soars on new Mexican contract
Posted on: August 30th, 2011Written by:
Location Based Technologies®, Inc. (OTCBB:LBAS) shares zoomed 6.9% to 83.4 cents late Monday, on news of a lucrative purchase order from Mexico. Volume for the stock totaled 1.2 million shares, surpassing a daily average of around 816,000.
A news release issued August 29 stated that the Irvine, Calif.-headquartered LBT, a leading-edge service provider of personal, pet and asset location devices, received a $1.2-million purchase order from Grupo Paramuen SA de C.V, a GPS solutions provider for the B2B mobile electronics market in Mexico. LBT will ship both the PocketFinder® Personal and Vehicle units to Grupo Paramuen before year end.
The release quoted LBT CEO Dave Morse as saying, “This purchase order establishes our initial push into the Latin American market. We are extremely excited about the opportunity that Mexico represents for us.”
Morse concluded, “We believe there is a tremendous need for our products and services in Mexico and South America, and partners like Grupo Paramuen will allow us to establish a significant presence abroad.”
Location Based Technologies®, Inc. designs and develops leading-edge personal locator devices and services that incorporate patented, proprietary technologies designed to enhance and enrich the way businesses and families interact globally.
Azure Dynamics Corporation (AZDDF) wins new order, shares leap
Posted on: August 29th, 2011Written by:
Azure Dynamics Corporation (OTCBB: AZDDF) shares hiked 22.7 % to 14 cents Monday, after announcing today that its Norwegian Ford dealership, RøhneSelmer, has signed an order for an additional 100 Transit Connect Electric vans. Volume for Azure was 79,500 shares, making up ground on a daily average of about 125,000.
A news release out August 29 reported that RøhneSelmer’s original order, in March of this year, was for 58 units for various clients, among them Norway Post, known in Norway as “Posten Norge AS”.
According to RhoneSelmer sales director Anders Gadsboll, “We’ve worked exclusively with Ford for more than 50 years and know that with Azure Dynamics’ technology, the Transit Connect Electric will meet the environmental requirements and tough weather conditions of the Norwegian market. We sold 50 Transit Connect Electric vans before the first unit was delivered to us and we’re confident we’ll sell many, many more the remainder of this year and beyond. It’s the right product for today’s Norwegian market.”
“Norway has a large customer base with a good understanding of and appreciation for electric vehicles, which RøhneSelmer obviously recognizes,” said Ricardo Espinosa, Managing Director of European Operations for Azure Dynamics. “The Transit Connect Electric can play an important role in the Norwegian market and help to achieve Norway’s aggressive environmental goals.”
Azure, located in Oak Park, Michigan, is a world leader in the development and production of hybrid electric and electric components and powertrain systems for commercial vehicles.
B Green Innovations Inc. (BGNN) wins patent, shares hike
Posted on: August 25th, 2011Written by:
B Green Innovations Inc. (OTCBB: BGNN) shares traveled 57.1% higher Thursday morning to 11-100ths of a cent on word Wednesday of the awarding of a new patent. Volume for the stock totaled 300,000 shares.
A release dated August 24 showed that the company out of Matawan, New Jersey received notification of a patent allowance award for Embedded Recycled Container Sheet. B Green plans to license the technology or create products from the compressed flat composite recycled bottle sheets so as to retain the visible display of the of deformed identifiable bottles, such as cutting boards, baskets, kitchen gadgets, trays, bins, cases, book binders and flower pots.
The invention relates generally to a method of producing composite recycled bottle (also referred to as containers herein) sheets from recycled plastic containers embedded in plastics. This is the fourth B Green Innovations, Inc. patent to be issued.
“The grants of these patents are centrally important to B Green, Inc. not only to preserve its technology but also to leverage offensively in the marketplace,” the release quoted CEO Jerome Mahoney as saying.
The B Green Innovations, Inc. “Go Green” mission from its inception is to create a “Green” company for the development of solutions to eliminate waste from the world’s environment.
