BigBand Networks, Inc., (NASDAQ:BBND), a leader in digital video networking, reported financial results for the third quarter ended September 30, 2010.
Revenues for the third quarter of 2010 were $26.8 million, compared to $22.2 million for the third quarter of 2009. GAAP net loss for the third quarter of 2010 was $7.3 million, or ($0.11) per share, compared to GAAP net loss of $10.9 million, or ($0.16) per diluted share, reported in the third quarter of 2009.
BigBand Networks, Inc. develops, markets, and sells network-based platforms in the United States and internationally.
PWRM’s patent-pending technologies are being used to develop screening and diagnostic tests for the early detection and prognosis of disease, identify protein biomarkers, drug targets, and its diagnostic tests are targeted toward markets with critical unmet needs in areas including neurodegenerative disease (NuroPro) and breast cancer (BC-SeraPro).
PWRM continues to evolve and enhance its IP portfolio, employing sensitive and specific combinations of biomarkers it has discovered from a broad range of diseases as the basis of highly selective blood-based tests for ALS (Lou Gehrig’s disease), Alzheimer’s, Parkinson’s diseases, breast cancer, and drug resistance.
The NuroPro Blood Test is PWRM’s diagnostic tool for the early detection of Neurodegenerative diseases. The analysis is designed as a tool for physicians to diagnose various degenerative diseases of the brain and nervous system. The test involves monitoring the concentration of 59 proteins in blood serum to accurately detect and distinguish between Alzheimer’s disease, ALS (Lou Gehrig’s disease), and Parkinson’s disease .
PWRM’s BC-SeraPro(NYSE:TM) is a proteomic test for the diagnosis of breast cancer. This test is designed to measure the quantitative expression level of 22 protein biomarkers in the serum that differentiate between breast cancer patients and control subjects. The level of the biomarkers from the patient’s serum sample is compared to PWRM’s patient database. Statistical analysis by linear discriminant function will analyze the biomarker levels of the patient sample and assign a probability score for the diagnosis. Probability score is ranged from 0.0 to 1.0. Results of PWRM’s BC-SeraPro(TM) test should not be considered a stand alone diagnosis nor a guarantee and is intended to be used in conjunction with mammography and other accepted modalities.
PWRM expects to complete phase II clinical validation trials of its blood serum diagnostics for Alzheimer’s disease (NuroPro-AD), Parkinson’s disease (NuroPro-PD) and breast cancer in 2010, followed by filings with the FDA.
To get a head start on holiday giving, Big Lots (NYSE:BIG) will launch its Toys for Tots drive with a $16,000 charity shopping spree and in-store celebration featuring giveaways and special discounts for customers who donate a toy at the company's Dublin store location.
The event will be held on Saturday, November 13, from 10 a.m. – 2 p.m. at the Big Lots Dublin store, 6569 Sawmill Rd., Columbus, Ohio. At 11 a.m., WSYX 6 news anchors Yolanda Harris and Bob Kendrick will shop for thousands of much-needed toys with the assistance of local Marine Corps Unit Lima Company and Girl Scout Troop #1500.
As the nation's largest broadline closeout retailer, Big Lots offers consumers a wide range of bargain-priced merchandise, including brand-name closeouts, seasonal products, consumables, furniture, housewares, toys, and gifts.
PTS, Inc. (OTCPK:PTSH) to Acquire Majority Control of ThinLine Technology Group
PTS, Inc. (OTC:PTSH) has entered into a Share Exchange Agreement pursuant to which PTSH will acquire 70% of ThinLine Technology Group at the closing. Closing shall occur as soon as PTSH receives satisfactory audited financials from ThinLine, but not later than December 31, 2010.
ThinLine Technology Group (www.thinlinegroup.com) manages, markets and maintains the IT and VOIP infrastructure for small and medium business (SMB market) and provides Private Cable Operators (PCO market) private label billing and call center support. At present, the company services over 21,000 clients on behalf of Private Cable Operators over 400 apartment properties across the United States.
The company consists of three divisions of expertise that provides one-stop solutions for customers’ technology needs across a broad spectrum of marketing, support and technology services:
ThinLine IT: providing CTO services and consulting, remote server and desktop support, disaster recovery, hosted exchange, software development, mobile application development and managed IT services.
ThinLine Connect: providing Internet and communications system consulting, business VoIP, hosted PBX technology, web-based CRM tools, and white-label call center support services.
ThinLine Interactive: providing local search marketing, social media marketing consulting, pay-per-click marketing, web hosting, web development and optimization, and mobile (SMS) marketing.
“This acquisition is of significant importance for PTSH. This addition continues the company’s mission to reorganize and focus on developing and growing across multiple verticals. We shall continue to pursue our business model of growing our business throughout Technology, Retail and Finance under the company umbrella. This strategy will help diversify income and allow the company to grow utilizing the managed service model,” states Marc Pintar, interim CEO.
In other company news and events: In concert with today’s merger news, PTS, Inc. will shortly announce its new officers directors and board members, replacing current interim management.
PTS, Inc. does not have significant operations. It intends to acquire undervalued businesses and/or merge with businesses with a history of operating revenues. Prior to February 23, 2010, the company engaged in the provision of accessibility compliance consulting services to government, school districts, and municipalities and other public entities, as well as to retail, commercial, recreational, and corporate customers. PTS, Inc. was founded in 1996 and is based in Las Vegas, Nevada.
Big 5 Sporting Goods Corporation (Nasdaq:BGFV), a leading sporting goods retailer, reported financial results for the fiscal 2010 third quarter ended October 3, 2010.
For the fiscal 2010 third quarter, net sales increased to $231.8 million from net sales of $231.6 million for the third quarter of fiscal 2009. Same store sales increased 2.0% for the third quarter versus the comparable period last year.
Big 5 is a leading sporting goods retailer in the western United States, operating 393 stores in 12 states under the "Big 5 Sporting Goods" name.
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