Insignia Systems Inc. (Nasdaq:ISIG) announced that it has reached an agreement to settle its outstanding lawsuit against News America Marketing In-Store, LLC (“NAM”). The settlement discussions were overseen by Judge John Tunheim and Magistrate Judge Arthur Boylan of the United States District Court, District of Minnesota. Insignia entered into a 10-year exclusive agreement with NAM to sell signs with price. Under the terms of the confidential settlement agreement, NAM will pay Insignia $125 million and Insignia will pay $4 million to NAM in relation to the business agreement. “I was pleased that we were able to reach a mutually agreeable settlement and avoid protracted litigation,” said Scott Drill, Insignia’s President, Chief Executive Officer and Secretary.
Insignia Systems, Inc. markets in-store advertising products, programs, and services to retailers and consumer packaged goods manufacturers in the United States and internationally.
Utah contains four of the Nation's 100 largest oil fields, two of its 100 largest natural gas fields (2008).
Utah has approximately 3,200 producing oil wells and 5,700 producing natural gas wells.
Products made from petroleum include: Gasoline, diesel, jet fuel, propane, heating oil, asphalt, ink, crayons, bubble gum, dishwashing liquids, deodorant, eyeglasses, records, tires, ammonia, and heart valves. Natural gas is an essential raw material for many products, such as: Paints, fertilizer, plastics, antifreeze, dyes, photographic film, medicines, and explosives.
Proper Power & Energy, Inc. (OTCBB:PPWE.OB), a Tampa-based independent oil and gas exploration and production company, has announced that it has been approached by two independent financing groups and has submitted a $10 million private placement memorandum to each of them. These two groups are seeking domestic oil and gas production in light of the Middle East tensions.
"The timing to acquire oil and gas properties while gas prices are low couldn't be better. Additionally, the availability of this funding for developing Proper Power's Kentucky and Utah oil prospects will accelerate 2011 revenues and leasehold acreage growth dramatically. We anticipate feedback from both of the financing groups before the end of this month," stated Andrew J. Kacic, President of Proper Power & Energy.
More about PPWE at: www.properpower.com
Descartes Systems Group Inc. (Nasdaq:DSGX) will report its fourth quarter and fiscal year 2011 financial results before market open on Wednesday, March 9, 2011. Members of Descartes' executive management team will host a conference call to discuss the company's financial results at 8:00 a.m. EST on March 9. Designated numbers are 888-812-2278 for North America or +1-706-679-7394 for International. The company simultaneously will conduct an audio webcast on the Descartes Web site. Phone conference dial-in or webcast log-in is required approximately 10 minutes beforehand.
The Descartes Systems Group Inc. provides federated network and logistics technology solutions. The company’s network-based solutions, which primarily consist of services and software connect people to their trading partners and enable business document exchange (bookings, bills of lading, and status messages), regulatory compliance and customs filing, route and resource planning.
On Monday November 15, 2010, National Health Partners, Inc. (National Health) (OTCBB:NHPR.OB), a leading provider of unique discount healthcare membership programs, announced that the Company has achieved positive earnings for the quarter ended September 30, 2010 compared to a loss of $522,542 for the same period last year. Revenues for the 3rd quarter grew 12.3% over the same period last year. The Company attributes the net earnings to the significant cost-cutting initiatives taken over the past couple of quarters and which is continuing in the 4th quarter.
David M. Daniels, President and Chief Executive Officer of National Health Partners, stated: “I am thrilled to announce that we have finally achieved profitability. Due to the fact that our limited medical provider unexpectedly decided to exit the marketplace, we were unable to add any new CARExpress Plus limited medical sales during the 3rd quarter. Yet, despite this temporary setback, we were still able to substantially increase our revenue and reach profitability which is a testament to the underlying strength we have with our core CARExpress health discount programs. Although we achieved positive results in revenues and earnings, we anticipate much better results in 2011.”
More about NHPR at: www.nationalhealthpartners.com
Mission West Properties Inc. (Nasdaq:MSW) reported that Funds From Operations ("FFO") for the quarter ended December 31, 2010 was approximately $11,182,000, or $0.11 per diluted common share, (considering the potential effect of all O.P. units being exchanged for shares of the Company's common stock) as compared to approximately $16,604,000, or $0.16 per diluted common share, for the same period in 2009. For the quarter ended December 31, 2009, a forfeited deposit of $2,000,000 under a contract for the sale of a McCandless property accounted for approximately $0.02 per diluted common share and unrealized gain from investment in marketable securities accounted for approximately $871,000, or less than $0.01 per diluted common share.
Mission West Properties, Inc. engages in the acquisition, marketing, leasing, and management of research and development properties, primarily in the Silicon Valley portion of the San Francisco Bay Area.
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