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Proper Power & Energy, Inc. (OTC BB: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.
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.
National Health Partners, Inc. (National Health) (OTCBB:NHPR.ob), a leading provider of unique discount healthcare membership programs, is pleased to announce just recently 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.
“I am thrilled to announce that we have finally achieved profitability,” stated David M. Daniels, President and Chief Executive Officer of National Health Partners. “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 going forward into 2011.”
Mr. Daniels further states “We are seeing continuous growth during the current 4th quarter which should provide strong momentum for the 1st quarter of 2011. Our future has never looked brighter and I am quite confident that we will be able to see accelerating growth in both revenues and earnings. With our continued focus on keeping our operating costs down while at the same time building our revenues at an accelerating rate, we are in a very good position to see very strong earnings growth going forward. I will be providing more information on new business ventures in the very near term that will change the entire complexion of the company and I look forward to continuing to build on the success that we have already started achieving in the 3rd quarter.”
National Health Partners, Inc.
National Health Partners, Inc. is a national healthcare savings organization that provides discount healthcare membership programs to uninsured and underinsured people through a national healthcare savings network called “CARExpress.” CARExpress is one of the largest networks of hospitals, doctors, dentists, pharmacists and other healthcare providers in the country and is comprised of over 1,000,000 medical professionals that belong to such PPOs as CareMark and Aetna. The company’s primary target customer group is the 47 million Americans who have no health insurance of any kind. The company’s secondary target customer group includes the millions of Americans who lack complete health insurance coverage. The company is headquartered in Horsham, Pennsylvania. For more information on the company, please visit its website at www.nationalhealthpartners.com.
Zumiez, Inc. (Nasdaq:ZUMZ) announced that total net sales for the four-week period ended January 29, 2011 increased 20.8% to $26.7 million, compared to $22.1 million for the four-week period ended January 30, 2010. The Company's comparable store sales increased 15.3% for the four-week period, versus a comparable store sales increase of 1.8% in the year ago period.
Zumiez Inc. operates as a specialty retailer of action sports related apparel, footwear, equipment, and accessories in the United States. It offers apparel, including tops, bottoms, and outerwear, as well as accessories, such as caps, belts, and sunglasses; footwear consisting of athletic shoes and sandals; equipment, such as skateboards, snowboards, and ancillary gear, such as boots and bindings; and other items, such as miscellaneous novelties and DVDs.
Measurement Specialties Inc. (Nasdaq:MEAS) announced results for the three and nine months ended December 31, 2010. The Company reported an increase in consolidated net sales of $18.1 million or 34% to $71.7 million for the three months ended December 31, 2010, as compared to the corresponding period last year. Organic sales, defined as net sales excluding sales attributed to the Pressure Systems Inc. ("PSI") acquisition of $5.3 million, increased $12.8 million or 24%. For the three months ended December 31, 2010, the Company reported income from continuing operations, net of income taxes, of $7.5 million, or $0.49 per diluted share, as compared to income from continuing operations, net of income taxes, of $3.3 million or $0.22 per diluted share, for the same period last year.
Measurement Specialties, Inc. engages in the design, development, and manufacture of sensors and sensor-based systems for original equipment manufacturers and end users. Its sensor products include pressure sensors and transducers, pressure and temperature scanning instrumentation, linear/rotary position sensors, piezoelectric polymer film sensors, custom microstructures, load cells, accelerometers, optical sensors, and hydrostatic pressure transducers, as well as humidity, temperature, and fluid property sensors.
CA Technologies (Nasdaq:CA) announced that Michael Denning, general manager, Security business, CA Technologies, will host a keynote panel of noted industry experts at the RSA Conference 2011 on Wednesday, February 16, at 3:30 p.m. PT to discuss how companies can make secure collaboration a reality.
CA Technologies, together with its subsidiaries, engages in the design, development, marketing, licensing, and support of information technology (NYSE:IT) management software products that operate on a range of hardware platforms and operating systems. It offers Enterprise IT Management software for organizations to manage IT computing environments, which include people, information, processes, systems, networks, and applications, as well as databases regardless of the hardware or software.
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