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ZOOM Technologies, Inc. (Nasdaq:ZOOM) is pleased to announce the closing of a private placement for gross proceeds of $7,926,240. In the private placement, Zoom sold 2,113,664 units at a price of $3.75 per unit. Each unit is comprised of one share of common stock of Zoom and three-quarters of one common stock purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of $4.71 for a period of five years following the closing date.
Zoom Technologies, Inc., through its subsidiaries, operates as a technology company that engages in electronic and telecommunication product design, development, and manufacturing. The company provides electronic manufacturing services (NYSE:EMS) for original equipment manufacturer (OEM) customers, as well as involves in the design and production of mobile phone products.
Hiru Corporation (OTCPK:HIRU)
Hiru Corporation(Other OTC: HIRU.PK) subsidiary Jiangxi Shuangshi Pharmaceutical Co., Ltd (Shuangshi AHP) met with representatives of the Chinese Ministry of Agriculture and pooled their views on the quality control of veterinary products in China.
Hiru Corporation operates through its subsidiary, Jiangxi Shaungshi Pharmaceutical Co., Ltd., is a producer of Chinese herbs for the naturopathic industry in China. Jiangxi Shaungshi Pharmaceutical Co., Ltd. focuses on producing and manufacturing of herbs, herbal extracts and herbal preparations. The company's products are based on the traditional Chinese systems. Company researches and develops dosage approaches and health applications of these traditional recipes. On December 3, 2009, HIRU completed the merger with the China-based company Jiangxi Shaungshi Pharmaceutical Co., Ltd.
To learn more about HIRU visit: http://www.hirucorporation.com
Commtouch Software Ltd. (Nasdaq:CTCH) a leading solution provider for Internet security, today announced its third quarter 2010 results. Revenues for the third quarter of 2010 increased by 18% to $4,601 thousand compared to $3,899 thousand in the third quarter of 2009. Operating profit in accordance with US Generally Accepted Accounting Principles (US GAAP) for the third quarter of 2010 increased by 24% to $870 thousand, as compared with GAAP operating profit of $700 thousand in the third quarter of 2009. Non-GAAP operating profit for the third quarter of 2010 increased by 44% to $1,509 thousand, as compared with non-GAAP operating profit of $1,050 thousand in the third quarter of 2009. Net income in accordance with US GAAP for the third quarter of 2010 increased by 24% to $1,057 thousand, as compared with $849 thousand in the third quarter of 2009.
Commtouch Software Ltd., together with its subsidiary, Commtouch Inc., develops and provides messaging and Web security solutions to original equipment manufacturer partners and enterprises.
Corporate Universe Inc. (OTCPK:COUV)
Corporate Universe Inc. is pleased to announce the following corporate and operational matters to its shareholders and followers.
To learn more about COUV visit: http://www.corp-universe.com
Willamette Valley Vineyards Inc. (Nasdaq:WVVI) a leading producer of Pinot Noir, generated a profit of $171,345 or $0.04 cents per share for the three months ending September 30, 2010. Comparable results for the comparable prior year period include a net profit of$248,021 and $0.05 cents per share. Third quarter 2010 sales revenue increased 5.5% and gross profit decreased 7.4% compared to the third quarter of 2009. The decrease in gross profit is due to higher cost of goods relative to prices received and is the reason for the decrease in net profit over comparable periods.
Willamette Valley Vineyards, Inc. engages in the production and sale of wines in the United States. It offers wines under the Pinot Noir, Chardonnay, Pinot Gris, Riesling and Oregon Blossom, Oregon's Nog, Edelweiss, Semi-Sparkling Muscat, Syrah, Merlot, Cabernet Sauvignon, Cabernet Franc, The Griffin, and Viognier brand names.
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