Enzo Biochem, Inc. (NYSE:ENZ) is a growth-oriented integrated life sciences and biotechnology company focused on harnessing biological process to develop research tools, diagnostics and therapeutics, and serves as a provider of test services, including esoteric tests, to the medical community. Since Enzo Biochem’s founding in 1976, Enzo Biochem’s strategic focus has been on the development of enabling technologies in the life sciences field. Enzo Biochem operates in three segments: Enzo Life Sciences, Enzo Clinical Labs, and Enzo Therapeutics.
Enzo Biochem, Inc.recently reported improved sequential results for the first fiscal quarter ended October 31, 2010, the result of recent programs to reduce expenses, consolidate activities and expand operations.
Among the quarter’s highlights (all references are to sequential quarter over quarter results, normalized for an inventory charge and severance of $1.8 million where applicable): Enzo Life Sciences, benefiting from increased emphasis on higher margin products, realized a greater than 100% gain in operating income; Enzo Clinical Labs increased revenues 6%, while reducing the operating loss 62%; Company-wide, gross margin increased $2.0 million or 17%; Operating expenses decreased 7%, or to 57% of revenues, from 63%; EBITDA, a non-GAAP measure, was $23,000, an improvement of $2.9 million from the prior quarter; and Net loss for the quarter was reduced 70%.
Orofino Gold Corp. (PINK:ORFG) engages in acquisition, exploration, and development of gold properties in Mexico and Colombia. Orofino Gold Corp. has an option to acquire properties in the Sur de Bolivar Department of Colombia South America. Orofino Gold Corp. was formerly known as SNT Cleaning, Inc. and changed its name to Orofino Gold Corp. in December 2009. Orofino Gold Corp. was founded in 2005 and is based in Central, Hong Kong.
Orofino Gold Corp. is a China based gold producer with one producing gold mine in Colombia and an option on a strong portfolio of small producers and development/exploration assets in Colombia. Orofino Gold was founded as a private company in 2009 by former executives and management with over 50 years of combined mining exploration, finance and development experience.
Orofino has acquired a database comprised of exploration and mining results from previous operators who left when the global mining sector experienced a major downturn in the 1997-2000 time frame. Orofino’s corporate objective is to continue to build shareholder value through the exploration and development of existing projects and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
Orofino Gold has three projects underway. Those projects are: La Azul, San Carlos, and Culo Alzada. La Azul is one producing artesanal mine in the Senderos de Oro area controlled by Orofino, it is a mixed sequence of predominantly volcanic rocks with the vien systems comprised of high grade chalcopyrite, galena and sphalerite with pyrite in quartz viens. San Carlos is geologically similar to Angostura and Ventana but higher grade, open at depth and to the west toward La Azul. Culo Alzada’s regional geochemistry (stream sediments & soils) has outlined three potential areas for more detailed exploration.
Nanometrics Incorporated (Nasdaq:NANO) recently announced that its Board of Directors has authorized the repurchase of up to $10 million of the company’s common stock from the public market or in private purchases. The repurchase program is effective immediately, may be suspended or discontinued at any time, and will be funded using the company’s available cash.
Nanometrics Incorporated provides high-performance process control metrology systems used primarily in the fabrication of semiconductors, high-brightness LEDs, data storage devices, and solar photovoltaics.
Heritage Financial Group (Nasdaq:HBOSD) released that it has completed the conversion from a mutual holding company structure and the related public stock offering and is now a stock holding company that is 100% owned by public stockholders. The Company sold a total of 6,591,756 shares of common stock in the subscription, community and syndicated offerings, including 327,677 shares to the Heritage Financial Group employee stock ownership plan.
Heritage Financial Group operates as the holding company for HeritageBank of the South, which provides retail and commercial banking services in southwest Georgia and north central Florida.
The Linux Foundation, the nonprofit organization dedicated to accelerating the growth of Linux, announced that Mentor Graphics (NASDAQ:MENT) is its newest member. Mentor Graphics was founded 20 years ago and today is a leading supplier of products and services that assist in the embedded design of chips and boards, as well as embedded operating systems, applications and drivers. The use of Linux in the consumer electronics market is on the rise.
Mentor Graphics Corporation supplies electronic design automation systems used to automate the design, analysis, and testing of electronic hardware and embedded systems software in electronic systems and components worldwide.
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