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(M2 PressWIRE Via Acquire Media NewsEdge) STOCK MARKETING INC PRESENTS : (NYSE: WZE) Wizzard Software Corp., (OTCBB: BRGO) Bergio International, Inc., (PINKSHEETS: HESG) Health Sciences Group, Inc., (OTCBB: ISCR) instaCare Corp., (OTCBB: AENY) Americas Energy Company., (OTCBB: CPQQ) China Power Equipment Inc.
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(NYSE: WZE - Wizzard Software Corp.)
LATEST NEWS!!
Wizzard Software Announces 2009 Q3 Financial Results and Shareholder Conference Call
PITTSBURGH, Nov 16, 2009 -- Wizzard Software (NYSE Amex: WZE) announced third quarter 2009 financial results today, recording revenues of $1,384,218, a 10% decrease from revenues of $1,533,339 in the third quarter of 2008. The decrease for the third quarter of 2009 reflects a decrease in revenue in our healthcare business segment due to the economic recession, primarily due to a decrease in staffing revenues within our Billings, Montana healthcare subsidiary.
Despite the difficult economic conditions for advertising sales during the third quarter, Wizzard's media services business saw a 3.4% increase in revenue over the third quarter of 2008 and Wizzard's speech software business saw a 41% increase in revenue while delivering a record third quarter revenue total.
In the third quarter ended September 30, 2009, gross profit was up 28%, to $531,671, from the third quarter of 2008, while operating expenses totaled $1,347,526, a 23% decrease from Operating Expenses of $1,748,586 in the third quarter of 2008.
Wizzard's net loss available to common shareholders was $1,508,249, or $0.03 per share, in the third quarter of 2009, versus a net loss of $1,460,219, or $0.03 per share, in the third quarter of 2008. Included in the net loss were non-cash charges of $909,154 for interest expense on the discount of notes payable and the re-pricing of warrants.
"The third quarter of 2009 remained challenging for healthcare staffing and online brand advertising sales, but at the same time we saw definite signs of improvement in both segments during the third quarter from earlier this year," said Chris Spencer, Wizzard CEO.
Wizzard launched new products in its software business in March that equated to a record third quarter for speech software sales.
While the healthcare segment is the main reason for the overall 10% drop in revenue, the Company saw continued strength in the home healthcare business with revenues up 15% over the second quarter of this year and saw significant improvement in the staffing business, which had revenues growing 78% from the second quarter of 2009.
Wizzard's media services business experienced network download requests of 332 million vs. 287 million in the third quarter of 2008, an increase of 45 million. The audience consuming podcasts from the Wizzard Network grew from 15 million monthly unique audience members at the end of the third quarter of 2008 to 18 million uniques at the end of the third quarter of 2009, an increase of 3 million monthly audience members. The number of publishers using Wizzard's podcasting service grew to 12,241 with publishing service revenues growing 14% from the third quarter of 2008.
In the third quarter of 2009, Wizzard's Media business delivered 14.6 million advertising impressions, revised upwards from an estimated 12.7 million impressions announced previously, compared to 5.5 million ad impressions in the third quarter of 2008, an increase of 165%. The Company noted that it is experiencing an increase in advertising campaign proposal activity in the beginning of the 4th quarter and signed a major U.S. automobile manufacturer to a two month campaign for the fourth quarter of 2009.
As of the date of this press release, Wizzard has acquired the distribution rights for 12 iPhone Apps and markets those Apps via targeted podcast advertising campaigns. Additionally, Wizzard has launched over 100 Podcast companion Apps for the iPhone in conjunction with podcast publishers using its service. These Apps allow podcast publishers to generate revenues through the sale of the Apps as well as future sales of content and subscriptions to content. To date, some of our top initial release podcast apps have converted over 18% of their audience from free, to paid, using our podcast companion App.
The previously mentioned numbers and statements are highlights from Wizzard's 2009 Third Quarter 10Q filing. For a complete and detailed financial description of Wizzard Software Corporation, please visit www.sec.gov, where the 2009 Third Quarter 10Q and all of Wizzard's SEC filings can be found.
Wizzard will discuss its third quarter 2009 10Q filing during its regularly scheduled conference call on November 17, 2009, at 1:00 p.m. ET. The following is the call-in information: (877) 407-0782 (U.S. callers); (201) 689-8567 (international callers). The call will be broadcast simultaneously and archived on the Internet at: http://www.investorcalendar.com/IC/CEPage.asp?ID=152420 Questions for consideration for the shareholder call can be emailed to ir@wizzardsoftware.com prior to 11:00 a.m. ET on November 17, 2009.
About Wizzard Software Founded in 1996, Wizzard Software has become a leader in the speech technology application market. Wizzard architects solutions to business problems using its expertise in consulting, speech development tools and building speech based applications for the Desktop and Internet. Wizzard has achieved global recognition because of its expertise with voice communication whether it is via computer or telephone. Wizzard's successes have led to expanding speech technology opportunities in government and commercial sectors, including several healthcare industry products and services. Most recently, Wizzard Software entered the exciting new realm of digital media and is already the world's largest distributor of digital media via RSS (podcasts). For more information, please visit www.wizzardsoftware.com and www.wizzardsoftware.com
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(OTCBB: BRGO - Bergio International, Inc.)
LATEST NEWS!!
The Bergio Collection is Offered at Neiman Marcus
FAIRFIELD, N.J., Nov 17, 2009 -- Bergio International, Inc. (OTC Bulletin Board: BRGO) announced today that the company has come to an agreement to launch the Bergio Collection in the Neiman Marcus stores, starting with two locations in the Short Hills mall and Parmus Mall in New Jersey.
The Neiman Marcus channel exposes Bergio to Nieman's existing name recognition, and its branding in places which caters to the upper elite consumer. This consumer is 30 to 65 years of age, and spends $5K to $200K on jewelry several times a year; they are extremely influential in their sphere of network.
"Neiman Marcus is an international brand, thus Bergio anticipates the exposure will increase brand awareness, which could increase Revenues by 20% to 25%. Bergio will start placing the designs in Nieman Marcus stores in New Jersey," stated Berge Abajian, CEO of Bergio International, Inc.
About Bergio International, Inc.
Bergio is entering into our 20th year of operations and concentrates on boutique, upscale jewelry stores. It currently sells its jewelry to approximately 150 independent jewelry retailers across the United States. Bergio has spent millions in branding the Bergio brand through tradeshows, trade advertising, national advertising and billboard advertising since launching the line in 1995. Bergio has manufacturing control over our line as a result of having a manufacturing facility in New Jersey as well as subcontracts with facilities in Italy and Bangkok.
We have establish Bergio International as a holding company for the purpose of acquiring established jewelry design and manufacturing firms who possess branded product lines.
Additionally, Bergio intends to acquire design and manufacturing firms throughout the United States and Europe. If and when we pursue any potential acquisition candidates, we intend to target the top 10% of the world's jewelry manufactures that have already created an identity and brand in the jewelry industry.
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(PINKSHEETS: HESG - Health Sciences Group, Inc.)
LATEST NEWS!!
Health Sciences Quest - Medical Marijuana
INDIAN HARBOUR BEACH, Fla., Nov 17, 2009) -- Health Sciences Group, Inc. (Pink Sheets:HESG) would like to announce that it has retained its attorney Robert Young to investigate the necessary steps to legally obtain licensing care giving and growing of Medical Marijuana in the State of California. One of which is forming a non-profit organization.
In addition, the Company has been in preliminary negotiations with a dispensary in Billings, Montana. Montana happens to be the only state where a care giver can profit.
Thomas Gaffney, President and CEO of Health Sciences Group, Inc., states, "Let me be clear. Number one we are in pursuit of getting into the legal medical marijuana business in either or all of California, Colorado and Montana. Montana happens to be the only state in the country at the time whereby care givers can profit from their operations. However, the company can derive profits from providing management and accounting agreements for dispensaries in any of the states where medical marijuana is legal. Furthermore, we believe that getting into the business on the ground floor will give us a leg up when the different states legalize the use of marijuana for medical purposes altogether. There are currently 14 states in total; we are investigating legalities. From a corporate stance we are considering forming a subsidiary that we might eventually spin-off. However this is all preliminary and just strategizing in nature." We would appreciate any shareholders opinion at info@igohealthy.org ABOUT HEALTH SCIENCES GROUP, INC.
Health Sciences Group, Inc. is a provider of health and wellness services to consumers, physicians and other healthcare professionals through its website www.igohealthy.org and health focused publications. The Health Sciences network consists of its public website www.igohealthy.org and iGoHealthy Magazine. The Company operates in three segments: Online Services, Publishing and Other Services. The Company is recently exploring options of corporate growth within the Legal Medical Marijuana Industry.
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(OTCBB: ISCR - instaCare Corp.)
LATEST NEWS!!
instaCare Corp. Continues Turnaround, Reports 58% Revenues Increase for First Three Quarters
--ISCR ALSO REPORTS NET INCOME OF $1,636,610 THROUGH 9/30/2009 VS. $16,775 LOSS IN 2008
LOS ANGELES, Nov 18, 2009 -- instaCare Corp., (OTC Bulletin Board: ISCR), a leading distributor of life-saving prescription drugs and at-home testing diagnostics for the chronically ill, and a leading developer of patentable technologies for e-pharmacy, e-health and EMR applications, reported financial results for the third quarter period-ended September 30, 2009. Recent highlights include: -- Revenue grew by 58% through the first three quarters in 2009 vs. the same period in 2008 as sales and orders for at-home diagnostics and medical surgical products surged -- ISCR reports enhanced 2009 net income of $1,636,610 vs. 2008 loss of $16,775 -- Company offers cell phone EMR technologies to capitalize on Obama Administration health initiatives
-- Company announces intellectual property and patent strategies to secure its e-health and EMR technologies for Apple iPhone, Palm Pre and Verizon Windows phones
For the third quarter ended September 30, 2009 the company reported revenues of $4,491,831 vs. $3,439,271 for the same period in 2008. Through the first three quarters of 2009, instaCare reported revenues of $14,669,886 vs. $9,257,347 for the same period in 2008, a gain of 58%. The increase in revenues was due primarily to surging sales from the company's sale of at-home medical diagnostic and medical disposable products for patients with chronic diseases. The Company reported an operating profit of $161,967 during the third quarter of 2009 compared with an operating profit of $51,195 recorded during the third quarter 2008, a gain of 316%. Operating profit for the first nine months of 2009 was $1,636,610 vs. an operating loss of $16,775 for the same period in 2008. instaCare had cash, accounts, inventory and equivalents of $3,460,141 as of September 30, 2009 vs. $2,856,791 for the same period in 2008.
Keith Berman, chief financial officer of instaCare, commented, "This has been an exceptional quarter and a truly exciting nine months for instaCare, as our businesses and our profits grew, on surging sales. We were also able to clear away some of the overhang that has made our jobs difficult dating back to 2005. Finally, even with the challenges of a growing diagnostics business in a sour economy, we have managed to upgrade our e-health and EMR medical software and communications technologies and mating these technologies with the revolutionary smart cell phones manufactured by Apple, Palm, RIM and HTC. We are positioned right at the sweet spot of the Obama Administration health cost savings and efficiency initiatives. We plan to file our patent applications shortly." Forward Looking Statements:
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(OTCBB: AENY - Americas Energy Company)
LATEST NEWS!!
Americas Energy Company - Tennessee Sells First Production of Upland Church Mine
KNOXVILLE, TN, Nov 17, 2009 -- Americas Energy Company (OTCBB: AENY), a publicly traded company currently based out of British Columbia, and Americas Energy Company, Inc., "AECo," based out of Knoxville, Tennessee, announced today that AECo has sold the initial mine production from its Upland Church Surface Mine. AECo is in the process of being acquired by AENY. The mine is located in Bell County, Kentucky on AECo's 1,732+ acre lease. AECo plans to produce 15,000 short tons of high-grade specialty coal per month from the Upland Church property. "The sale of this production from our first mine property to Alden Resources, LLC in Corbin, Kentucky moves us to a new level as a company. We are moving on the acquisition of additional major coal reserves in southeastern Kentucky. Mr. John Gargis, our Executive Vice President, is overseeing the production from our first mine and the acquisition of the additional reserves," said Chris Headrick, President and Co-CEO of Americas Energy Company - Tennessee. Mr. Headrick added, "Based on the marketing success of the coal from our first mine, we have established an aggressive acquisition plan to insure AECo's production capabilities for the foreseeable future." About Americas Energy Company We are a consolidator of high quality energy properties, operating out of our main offices in Knoxville, TN. We currently operate projects in both Kentucky and Tennessee. AECo invests in energy projects throughout the Americas. We are currently evaluating several additional coal projects, as well as an oil and gas rework project in Southeastern Kentucky.
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(OTCBB: CPQQ - China Power Equipment Inc.)
LATEST NEWS!!
China Power Equipment Reports Dramatically Higher Revenues and Net Income
XI'AN, China, Nov 17, 2009 -- China Power Equipment, Inc. ("China Power Equipment," OTC Bulletin Board: CPQQ), the manufacturer of a new generation of energy saving electric transformers and transformer cores in the People's Republic of China, reported dramatically higher revenues and net income for the three months ended September 30, 2009.
Third Quarter 2009 Highlights -- Net revenues increased 252% to $7.89 million in the third quarter 2009 from $2.24 million in the third quarter 2008.
-- Gross profit increased 280% to $1.96 million in the third quarter 2009 from $0.52 million in the third quarter 2008.
-- Net income increased 516% to $1.41 million in the third quarter 2009 from $0.23 million in the third quarter 2008.
-- Diluted earnings per share increased 350% to $ 0.09 per share in the third quarter 2009 from $ 0.02 per share in the third quarter 2008.
Net revenues were $7.89 million in the third quarter 2009, up 252% from $2.24 million in the third quarter 2008. Net income was $1.41 million in the third quarter 2009, up 516% from $0.23 million in the third quarter 2008. Diluted earnings per share were $0.09 per share in the third quarter 2009, up 350% from $0.02 per share in third quarter 2008.
Net revenues were $16.48 million in the nine months ended September 30, 2009, up 142% from $6.81 million in the nine months ended September 30, 2008. Net income was $3.05 million in the nine months ended September 30, 2009, up 175% from $1.11 million in the nine months ended September 30, 2008. Diluted earnings per share were $0.20 per share in the nine months ended September 30, 2009, up 186% from $0.07 per share in nine months ended September 30, 2008.
Mr. Yong Xing Song, Chairman of the Board of China Power Equipment, said, "The third quarter 2009 was a dramatic improvement in our financial performance over the third quarter 2008, led by amorphous alloy transformer cores that were up 322 percent in revenues and up 354 percent in gross profit from the third quarter 2008. Amorphous alloy transformers in the third quarter were up 159 percent in revenues and up 169 percent in gross profit from the third quarter 2008. To help fulfill the large increase in our customers' orders, we contracted out some production to a manufacturer for whom we provide technical support.
"Our revenues from silicon steel cores and transformer declined because we have exited that product line to focus on amorphous alloy products as our major product lines and are no longer actively marketing steel core products.
"In addition to higher revenues, our expenses remained under good control and our interest expense was lower, so our net income increased 516 percent to $1.41 million in the third quarter compared with the third quarter 2008.
"We have funded our recent operations mainly through cash generated from operations. We believe our existing cash and cash equivalents will be sufficient to maintain our operations at the present level for at least the next 12 months." The Chinese government has mandated that in the next few years, China's traditional steel core electric transformers will be gradually replaced by amorphous alloy transformers, because they are far more energy efficient.
For example, a typical amorphous alloy core transformer consumes 150 watts to operate, which is 77.6 percent less electricity than a comparable silicon steel core transformer, which requires 670 watts to operate.
Since an amorphous alloy transformer consumes less electricity, it reduces the need to generate electricity. In turn, less coal is burned to provide the same net electricity to the consumers. The result is lower air pollution. To illustrate the pollution reduction, it is estimated that compared to a silicon steel core transformer with the same capacity, each amorphous alloy core transformer reduces pollutants from coal combustion each year by 3,972 kilograms of carbon dioxide, 120 kilograms of sulfur dioxide, and 60 kilograms of nitrous oxide each year. Both transformers in this comparison are assumed to be operating at 315 kilovolt-amperes while stepping down 10,000 volts to 220 volts, which is the consumer voltage in China.
Mr. Song continued, "China is upgrading to amorphous alloy electric transformers in urban areas, as well as selecting them as it extends and improves electric service in rural regions. As a result, the demand for China Power Equipment's amorphous alloy products is expected to continue to increase."
About China Power Equipment, Inc.
China Power Equipment, Inc., through its wholly-owned subsidiary, Xi'an Amorphous Zhongxi Co., Ltd., has developed a proprietary patented technology to produce a new generation of energy saving transformers and transformer cores. The company currently manufactures 59 different products, primarily amorphous transformers in four product series that are sold throughout China. The company was formed in 2006 as a U.S. corporation, and in November 2006, created a Chinese subsidiary that was granted a license as a privately held wholly owned foreign enterprise by the Chinese government.
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