Infosonics Corp. (Nasdaq:IFON) a provider of wireless handset solutions serving Latin America and Asia Pacific, announced results for its third quarter ended September 30, 2010. "Although our results for the quarter were disappointing, we remain confident in our strategy," said Joseph Ram, president and CEO of InfoSonics. "We're rapidly transitioning our business from being primarily a distributor of wireless handsets in Latin America to being a designer and manufacturer of handsets serving both Latin America and other emerging markets. This quarter we experienced a significant drop in our legacy distribution business, but we are still in the investment and startup phase of our new Asia Pacific business. While we had significant expenses related to R&D and marketing during the quarter, we still believe the benefits of our new business are forthcoming, as evidenced by our October 19th announcement of the inaugural shipment of our new ruggedized R80 wireless handset to our first customer in China."
InfoSonics Corporation distributes and provides wireless handsets and accessories in Central and South America. The company also designs, sources, and distributes entry level, mid-tier, and high-end products under the verykool name. Its distribution and solution services comprise product testing; approval and certification; warehousing; logistics services, such as packing, shipping, and delivery; marketing campaigns; warranty services; and end-user support for the original equipment manufacturers.
Majestic Gold Corp. is pleased to announce the results of an updated resource estimate on its Song Jiagou Mine.
The most significant changes from the previous estimate are:
- Increase in Indicated tonnes by 35.34% to 33,739,586 tonnes
- Increase in Indicated contained gold by 24.09% to 1,244,211 ounces
- Increase in Inferred tonnes by 37.96% to 38,812,054 tonnes
- Increase in Inferred contained gold by 7.48% to 1,830,576 ounces
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. Majestic focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic is headquartered in Vancouver, Canada.
To learn more about Majestic visit: http://www.majesticgold.net
Eline Entertainment Group Inc. (OTCPK:EEGI)
Eline Entertainment Group, Inc. subsidiary Let The Good Times Roll has released their new brand image for Let the Good Times Roll.
The three entities acquired - LTGTR, Bad Boy Party Buses and Limos, and Midnight Express - are being integrated under the umbrella of LTGTR. The company is in the process of amending the corporate governance and state filings. LTGTR is releasing the new logo and will work quickly to upgrade the company's websites, vehicles, and sales collateral.
"We are updating our corporate image immensely. Investors will be able to see all of our websites combined into one new corporate website with a new logo and corporate branding very soon," said Debra Davis, President of LTGTR.
EEGI management is excited by the speed with which the LTGTR has moved, and intends to keep shareholders updated with further details on the progression.
Eline Entertainment Group, Inc. operates in the educational industry in China. EEGI operates 12 educational training centers for nursery students; and 4 training programs. EEGI was formerly known as Eline Music.com, Inc. and changed its name to Eline Entertainment Group, Inc. in April 2001. Eline Entertainment Group, Inc. is based in Hendersen, Nevada.
To learn more about EEGI visit: http://www.elineentertainment.com
Napco Security Technologies, Inc. (Nasdaq:NSSC) one of the world’s leading suppliers of high performance electronic security equipment for over 30 years, announced financial results for its first quarter ended September 30, 2010. Richard Soloway, Chairman and President, stated, “Just after the end of our first quarter of fiscal 2010 we closed on a restructured debt agreement as previously described. By concluding these extended negotiations we now have lower interest rates available to us which, based on LIBOR rates, should reduce our interest expense by over $500,000 over the next twelve months. We can now focus more confidently and aggressively on sales growth, new products and continued expense reductions.”
NAPCO Security Technologies, Inc., together with its subsidiaries, engages in the manufacture and sale of security products, including intrusion and fire alarms, building access control systems, and electronic locking devices worldwide. It offers access control systems that comprise identification readers, control panel, personal computer-based computer, and electronically activated door-locking devices; and alarm systems, which consist of automatic communicators, control panels, combination control panels/digital communicators and digital keypad systems, door security devices, fire alarm control panels, and area detectors.
Servidyne, Inc. (Nasdaq:SERV) an energy efficiency and demand response company, announced that it has already reached new sustainability milestones for its customers in 2010, including one customer who has been awarded the prestigious LEED-EB (Leadership in Energy and Environmental Design for Existing Buildings) Platinum certification and four other customers who have achieved LEED-EB Gold certifications for their buildings. Servidyne served as the LEED and engineering consultant for these projects in support of the U.S. Green Building Council (USGBC) rating system. In addition to the LEED-EB certifications, year-to-date Servidyne has guided more than 125 customer buildings in successfully achieving the ENERGY STAR Label, greatly surpassing the Company’s significant accomplishment of achieving 86 ENERGY STAR Labels for its customers during all of 2009.
Servidyne, Inc., through its subsidiaries, provides energy efficiency and demand response solutions, sustainability programs, and other products and services in the United States and internationally. Its Building Performance Efficiency segment offers energy and environmental sustainability solutions, which include energy modeling, energy audits, building retro-commissioning, LEED and ENERGY STAR certifications, preventive maintenance of energy-consuming equipment, turn-key design and implementation of energy-saving lighting systems, and retrofits of mechanical and electrical systems; and energy and sustainability audits, building performance benchmarking and utility monitoring, retro-commissioning of existing systems, and efficiency improvements of existing energy conversion and water consuming building assets.
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