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SVT notes that major manufacturers of commercial aircraft have initiated plans to ramp-up production 

Raleigh N. C. Servotronics (NYSE Amex: SVT ), The Technology Stock Advisor’s top technology stock for 2010, announced record quarterly earnings for the period ending March 31, 2010. 

Servotronics, Inc. reported a significant increase in net income to $622,000 (or $0.32 per share Basic - $0.29 per share Diluted) on a 4.6% increase in revenues to $7,884,000 for the first quarter ended March 31, 2010 as compared to net income of $125,000 (or $0.06 per share Basic and Diluted) on revenues of $7,538,000 for the comparable period ended March 31, 2009. 

The company primarily attributes the increase in revenues and net income to a combination of several factors such as increased shipments, product mix, cost containment activities and other recession. The company noted  in its quarterly report that aircraft component suppliers are being advised to increase their manufacturing capabilities to support this forecasted accelerated aircraft production.   

The Technology Stock Advisor made the selection of SVT on December 22, 2009, when the stock was trading at $9.00 per share. TSA is a competitor in the annual AOL Top Stock Picking Competition. The AOL Money & Finance publication will feature the stock picks from the nation’s top investment advisors from December 24, 2009, to the end of January, 2010. 

“Our selection of Servotronics as our top pick for 2010 is based upon our patented methodology for investigating technology stocks,” said Thomas Vass, the investment advisor who publishes the online newsletter. (Method of identifying a universe of stocks for inclusion into an investment portfolio. United States Patent  7,251,627,  Vass,  July 31, 2007).  

“We developed a theory of technological innovation using Leontief's theory about input output economics that helps us predict technological investment opportunities,” Vass explained. “Our disciplined methodology has performed well throughout the current financial crisis, and while all investments are risky, we are well satisfied with our method’s investment performance.”

Vass noted that using the same method, the TSA stock pick of the AOL competition in 2009, Graham Corporation (GHM) came in 12^th out of 75 money managers nation-wide.

About Servotronics:

The Company is composed of two groups – the ATG and the CPG. The ATG primarily designs, develops and manufactures servo control and other components for various commercial and government applications (i.e., aircraft, jet engines, missiles, manufacturing equipment, etc.). The CPG designs and manufactures cutlery, bayonets, machetes and combat, survival, sporting, agricultural, pocket knives and other edged products for both commercial and government applications.

About The Technology Stock Advisor:

TSA is an online newsletter about investing in technology stocks. The investment selection methodology for The Technology Stock Advisor is based upon a patent issued to Thomas Vass, the investment advisor to the newsletter. His method includes stock selection, asset allocation based upon the investor’s risk preferences, and detailed buy and sell prices. Contact Tvass@technologystockadvisor.com or call 919 9754856.

Investment Disclosure: The past performance of an investment is no guarantee of future performance. All investments bear risk of loss of principal invested. There are no guarantees related to investing. Please visit the TSA website and read our ADV Part II disclosure document for information about our investment management fees.

www.linkedin.com/in/tomvass

The Technology Stock Advisor Selects:

This Weeks Stocks:  TECH, WSTG, RTN, FIX, SYNT

http://bit.ly/13KNEf

Contact: tvass@technologystockadvisor.com 919 975 4856

www.technologystockadvisor.com

The Five Best Technology Stocks For The Week of Monday, May 03, 2010

This Weeks Stocks:  MATK, ECOL, APSG, WSTG, PPDI

http://bit.ly/b0Taxf

Contact: tvass@technologystockadvisor.com 919 975 4856

www.technologystockadvisor.com

Raleigh, N. C. The Technology Stock Advisor, a weekly online newsletter for technology stock investors, provides news, opinions and recommendations for investing in tech stocks. Each week, it selects the top five best stocks to buy that are currently in the TSA buy range

This week’s top 5 Technology stocks are:

TSA initiated coverage of Atlantic Tele-Network, Inc  (ATNI) on March 13, 2010, with an initial price to buy under $37 and a sell target price of $58. ATNI was added to client investment accounts on March 16, 2010. It hit the price target to sell on April 28, 2010, and was sold at $57.65.

Atlantic Tele-Network, Inc., through its subsidiaries, provides wireless and wireline telecommunications services in North America and the Caribbean.

The investment selection methodology for The Technology Stock Advisor is based upon a portfolio management patent issued to Thomas Vass, the investment advisor to the newsletter. His method includes the identification of stocks to select, the correct asset allocation based upon the investor’s risk preferences, and detailed buy and sell prices.

Investment Disclosure: The past performance of an investment is no guarantee of future performance. All investments bear risk of loss of principal invested. There are no guarantees related to investing. Please read our ADV Part II for detailed information on our credentials and fees for investment management services.

Would You Like Us To Manage Your Investment Accounts?

To discuss how your current investment strategy is working and how TSA can help you manage your portfolios, contact tvass@technolgystockadvisor.com

 http://www.linkedin.com/in/tomvass

Does Your Company Need Growth Capital? We help companies manage a Reg D  direct corporate private offering (DCPO). Please visit our website to learn more www.privatecapital-market.com

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