Forex International Trading Corp. (FXIT) promising quarter propels shares

Posted on: August 22nd, 2011
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Forex International Trading Corp. (OTCBB: FXIT) shares rocketed 21.7% to seven cents Monday, on word of strong quarterly results. Volume for the stock totaled 136,500 shares, rapidly catching up on a full-day average of around 152,000.

A news release issued August 22 reported that total revenues for the three months ended June 30, 2011 were $3.93 million and for the six months ended June 30, 2011, $7.12 million. Net income for the three months ended June 30, 2011 was $264,416 and for the six months ended June 30, 2011 a loss of $163,348.

“We are very pleased with the results of the first six months of the fiscal period. The subsidiary unit continues to grow and experience multi-digit, year-to-year growth in trading volume and customer deposits and we believe that they are on track to do between $12 and $14 million in revenue for the whole year,” CEO Darren Dunckel was quoted in the same release as saying.

Headquartered in New York, Forex International Trading Corp. operates an offshore advanced online trading platform for Forex markets to non-U.S. residents. The Company focuses on providing individual and institutional investors with a platform for buying and selling currencies, precious metals and commodity futures.

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Epolin, Inc. (EPLN) gains on Q1 numbers

Posted on: July 14th, 2011
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Epolin, Inc. (OTCBB: EPLN) shares surged 27.3% Thursday to 28 cents, after announcing fiscal first-quarter results. Volume for the stock totaled 18,500 shares, towering over a daily average of 7,500.

For the three months ended May 31, 2011, sales were $991,000 as compared to $811,000 for the three months ended May 31, 2010, an increase of $180,000 or 22.2%.

Gross profit, defined as sales less cost of sales, was $570,000 or 57.6% of sales for the quarter compared to $413,000 or 50.9% of sales for the similar period of fiscal 2010, an increase of 6.7%.

Net income after taxes was $179,000 or $0.01 per share for the three months as compared to $31,000 or $0.00 per share for the prior-year quarter.

Epolin management was not available for comment.

Based in Newark, New Jersey, Epolin is a specialized chemical company primarily engaged in the manufacturing, marketing, research and development of infrared dyes, laser absorbing dyes and infrared dye formulations.

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