Radvision Ltd. (Nasdaq:RVSN) a leading technology and end-to-end solution provider for unified visual communications including video network infrastructure, developer tools and high definition (NYSE:HD) room, desktop and mobile video conferencing systems, will report its financial results for the fourth quarter of 2010 on Thursday, February 10, 2011. The press release will be issued at approximately 8:00 a.m. (Eastern).
RADVISION Ltd. engages in the design, development, and supply of products and technologies for videoconferencing and video telephony, as well as for converged voice, video, and data over Internet Protocol (NYSE:IP) and 3G networks.
Proper Power & Energy Comments on Wall Street Journal Article
Proper Power & Energy, Inc. (OTC:PPWE) recently commented on a Wall Street Journal Article titled "Oil's Rise Is a Sticky Situation for Recovery".
The article discussed the current environment of rising oil prices and its effect on consumers and the impending economic recovery. With oil prices at around $90 per barrel, consumers fear oil prices will return to their 2008 levels, when oil peaked over $145 per barrel. "A 2008 – style shock isn't a certainty, but an upward trend is clear. Goldman Sachs expects oil prices to average $100 a barrel this year….," the article is quoted as saying.
Proper Power has begun production on its Kentucky oil asset, in addition to the 11,000 acres leased for its exploratory prospect in Utah. The Utah prospect has the potential for over 75 wells. The Company believes the Utah property holds very substantial recoverable reserves, indicated through seismic and radiometric analysis.
"The Company will benefit from these rising prices as it produces its Kentucky oil asset while creating the strategy for our exploration prospect in Utah," stated President of American Resources, Andrew J. Kacic. American Resources is a wholly owned subsidiary of Proper Power.
In the last Operational Meeting - the meeting was held on Dec. 22nd, 2010.
The meeting focused on the nuts and bolts and infrastructure game plan for the Central Utah project. This was the initial meeting between Robert Dunbar and Andrew Kacic, the newly named President of Proper Power's subsidiary, American Resources Inc.
The company maintains 10,000 plus acres of leased land in Central Utah, and last year announced the results of its initial review of seismic data. This was on the heels of Thrust Resources' Radiometrics Plus data suggesting the existence of huge pay zones in the Valley.
"Now that we are on the verge of finalizing the Kentucky acquisitions and booking our first revenues from petroleum sales, we figured it would be a good time to initiate our game plan for our Utah claim for 2011," stated Kacic. "While I had been concentrating on setting up Kentucky in November, I am now just getting to digest the Utah project, and I am very impressed and optimistic," Kacic continued.
"With petroleum prices on the rise, I am confident that we will be able to begin producing domestic petroleum from the Rush Valley by the end of 2011, thereby helping to reduce our dependence on foreign supplies," concluded Kacic.
About Proper Power & Energy
Proper Power & Energy was formed in 2006 as an exploration and production company for oil and gas. The organization is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity.
More about PPWE atwww.properpower.com
Mercantile Bank Corp. (Nasdaq:MBWM) reported a 2010 fourth quarter net loss attributable to common shares of $5.3 million, or ($0.62) per diluted common share, compared to a net loss of $36.4 million, or ($4.28) per diluted common share, for the year-ago quarter. For the twelve months ended December 31, 2010, Mercantile reported a net loss attributable to common shares of $14.6 million, or ($1.72) per diluted common share, compared to a net loss of $52.9 million, or ($6.23) per diluted common share, for the prior-year.
Mercantile Bank Corporation operates as the holding company for Mercantile Bank of Michigan that provides commercial and retail banking products and services primarily to small-to medium-sized businesses and individuals.
Smith Micro Software Inc. (Nasdaq:SMSI) a leading developer and marketer of software solutions and services for the mobility market, provided its financial revenues guidance for fiscal year 2011. Based on current financial and customer data and management’s current plans and assumptions, the Company expects fiscal 2011 full-year revenues to be in the range of $150 million to $160 million. In addition, the Company expects to report full-year 2010 revenues in-line with its previously announced guidance of approximately $130 million, based on preliminary estimates of fourth quarter 2010 revenues of $35 million (unaudited). Fourth quarter 2010 revenues are subject to change as a result of final management review and closing adjustments prior to filing the Company’s Form 10-K for fiscal 2010.
Smith Micro Software, Inc. develops and markets mobile software products and services.
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