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IPAS, PPWE, CGNX, NHPR, BTUI - Stock Report! Feb 23rd 2011


iPass Inc. (Nasdaq:IPAS) a leading provider of enterprise mobility services, announced financial results for its fourth quarter and fiscal year ended December 31, 2010. iPass reported revenues of $38.6 million for the fourth quarter of 2010, compared to revenues of $40.5 million in the fourth quarter of 2009. GAAP net income in the fourth quarter of 2010 was $0.8 million or $0.01 per share, compared to a $5.3 million net loss or ($0.09) per share in the fourth quarter of 2009.

The fourth quarter 2010 GAAP results include a benefit of $2.1 million from the favorable settlement of certain sales tax obligations with a state taxing authority.

iPass Inc. provides enterprise mobility services that facilitate network access from mobile devices. The company was founded in 1996 and is headquartered in Redwood Shores, California.

Proper Power & Energy, Inc. (OTCBB:PPWE.OB) is an independent exploration and production company. The Company's operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which the Company controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.

PPWE 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.

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