Message: AGORACOM Small Cap TV - March 29th - Highlights
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s March 29th, 2011, and we’ve found 7 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
Rouchon Industries, Inc. dba Swiftech® Announces Record Annual Sales of $3.2 Million in 2010, an Increase of 22 Percent Year Over Year
Rouchon Industries Inc. (PINK SHEETS:RCHN), dba Swiftech, a leading producer of advanced air and liquid cooling solutions for the IT industry, is pleased to announce record annual sales of $3.2 million in 2010, an increase of 22 percent over the previous year.
2010 Key Financial Highlights:
* $3.2 Million in gross revenue
* Revenue increased 22% ($600k) year over year
* Gross profit was up 41%
* Net income before taxes up 121% to $197K
* Zero Long-Term Debt
The company's performance in 2010 continues a trend of increasing revenues and profits since 2003. Investors are urged to review relevant graphs at: http://www.swiftech.com/investorrelations.aspx. "I am very pleased to report that Swiftech had its best year ever in 2010. Gross profit was up 41%, and net income before taxes jumped 121%. This allowed us to re-invest the cash proceeds into production equipment, while keeping our long term debt to zero," said Gabriel Rouchon, the company's Chairman & CTA.
"Looking beyond the results of a single year's performance," Gabriel Rouchon added, "I am particularly encouraged to see that the plan we laid out in 2009 and started to implement in 2010 is starting to take shape now: diversification of our business in areas that we had neglected, such as our re-entry in the air cooling business early 2011, and finalization of the registration process for our China subsidiary, which now opens up a whole new market to sell our products. In terms of our business model, 2010 allowed us to continue improving our vertical integration, and also marked our renewed commitment to better communicate with the Public Markets which led us to hiring Agoracom as our Investors Relations Firm."
About Rouchon Industries Inc (dba, Swiftech) (PINK SHEETS:RCHN)
Swiftech offers a wide variety of advanced air and liquid cooling solutions for the IT industry, and is working with leading OEM's, semi-conductor and PC manufacturers as well as a network of over sixty leading distributors worldwide. The principal business of Swiftech is the development, manufacturing, and sales of thermal management products.
Last: 0.05Range: 0.10-0.0005Market Cap: 1.13million
Indigo Intersects 28 Metres of 1.12 gpt Au on Zelingpe 1 Target at Moule
Indigo Exploration Inc. (TSX VENTURE:IXI)
has received assay results from a further six holes of the 44 hole preliminary reverse circulation drilling program at its Moule Permit, Burkina Faso, West Africa.
The latest six holes focused on the Zelingpe 1 target. Results of the initial 27 holes were previously reported in a news release dated March 8, 2011. Highlights from the latest holes in the Zelingpe 1 drill testing include: 1.12 gpt Au over 28 metres, 0.24 gpt Au over 32 metres and 0.24 gpt Au across 30 metres.
Key points are:
* Discovery of a new mineralized gold system at Zelingpe 1, traceable for 500 metres and open in both directions.
* Zelingpe 1 drill intercepts include: 1.12 gpt Au over 28 metres; 0.47 gpt Au over 11 metres; 0.24 gpt Au over 30 metres; 0.24 gpt Au over 32 metres and 0.20 gpt Au over 35 metres, as well as the previously reported 4.53 gpt Au over 5 metres.
* The three drill transects that crossed the Zelingpe 1 target are spaced 200m apart. Zelingpe 1 is a plus 1 kilometre long chargeability anomaly, covered by laterite capping with associated fringe artisanal workings.
About the company
Indigo Exploration Inc. is a Vancouver based junior exploration company focused on exploring for base and precious metal deposits. Indigo is currently focusing in Burkina Faso, one of the West African countries underlain by the highly prospective Lower Proterozoic Birimian Greenstone Belt.
Last Sale: 0.37 52 Week Range: 0.15 - 0.56 Market Cap: 7.06M
Fission Intersects 14.5m of 7.84% U3O8 on 60m Step-Out
FISSION ENERGY CORP. (TSX VENTURE:FIS)(OTCQX:FSSIF)
and its Limited Partner, the Korea Waterbury Uranium Limited Partnership ("the Waterbury Consortium"),
announce J Zone assay results for fourteen previously completed vertical step-out drill holes: WAT11-113 to 131.
Hole WAT11-131 located ~60m west of Hole WAT10-103 (see news release dated February 7, 2011) has intersected the strongest high-grade uranium intersection at the J Zone to date: 14.5m grading 7.84% U3O8, including 2.0m of 46.15% U3O8.
In addition, drilling has now successfully traced mineralization further to the west, connecting the J Zone to the Highland Zone and extending the east-west mineralized strike length of the J Zone from ~120m to ~235m or by 95% since drilling resumed in January. Drilling is continuing at the J Zone, which remains open in all directions.
About the company
FISSION ENERGY CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. FISSION ENERGY CORP. Common Shares are listed on the TSX Venture Exchange under the symbol "FIS" and on the OTCQX Exchange under the symbol "FSSIF".
Last Sale: 0.78 52 Week Range: 0.39 - 1.50 Market Cap: 54.06M
EurOmax Reports 0.5 Million Ounces Gold and 2.1 Million Ounces Silver Initial Resource Estimate for Breznik Project, Bulgaria
EurOmax Resources Limited (TSX VENTURE:EOX)(PINK SHEETS:EOXFF)
is pleased to announce an initial National Instrument 43-101 compliant resource estimate for its 100% controlled Breznik Gold-Silver Project, Bulgaria. The estimate is based on data generated to the end of the 2010 field season. The deposit remains open for expansion at depth.
Highlights of the 2.0 g/t gold cut-off Resource Estimate:
*At the base case 2.0 g/t gold cut-off grade, the Breznik project contains an inferred resource of 2.4 million tonnes at a grade of 5.91 g/t Au and 26.78 g/t Ag for 463,217 ounces of contained gold and 2,100,112 ounces of silver.
2011 Exploration Plans
For 2011, the Company's geophysical program at Breznik includes an IP/resistivity survey of 30 line kilometers and a magnetic survey over the same area. In addition all the necessary studies and plans to convert the exploration permit to a mining concession are being prepared for this project. The Company has also commenced an active search for an appropriate joint venture partner to develop this resource into a producing mine.
About EurOmax Resources Limited
EurOmax is a Canadian company focused on precious and base metal projects in Southeastern Europe. Our strength is the local staff, knowledge and technical expertise in Bulgaria, Serbia and Macedonia.
Last Sale: 0.3552 Week Range: 0.10 - 0.40 Market Cap: 42.02M
China TransInfo Announces Fourth Quarter and Full Year 2010 Results
China TransInfo Technology Corp. (Nasdaq:CTFO - News) ("China TransInfo" or the "Company"), a leading provider of comprehensive intelligent transportation solutions and traffic information services in China through its affiliate, China TransInfo Technology Group Co., Ltd. (the "Group Company"), today reported its financial results for the fourth quarter and full year ended December 31, 2010.
Fourth Quarter 2010 Highlights
- Revenue increased 36.3% year-over-year to $38.8 million
- Gross profit increased 37.4% year-over-year to $13.8 million
- Operating income increased 27.7% year-over-year to $6.6 million
- Net income increased 23.1% year-over-year to $5.8 million, or $0.23 per diluted share
- Adjusted net income, which excludes non-cash stock based compensation expense of $(0.1) million and amortization expense of intangibles from acquisitions of $0.05 million, increased 12.9% year-over-year to $5.8 million, or $0.23 per diluted share*
Full Year 2010 Highlights
- Revenue increased 92.7% year-over-year to $122.7 million
- Gross profit increased 67.3% year-over-year to $42.4 million
- Operating income increased 45.7% year-over-year to $20.0 million
- Net income increased 19.2% year-over-year to $15.5 million, or $0.63 per diluted share
- Adjusted net income, which excludes non-cash stock based compensation expense of $1.1 million and amortization expense of intangibles from acquisitions of $0.2 million, increased 23.9% year-over-year to $16.8 million, or $0.68 per diluted share*
About China TransInfo
China TransInfo, through its affiliate, the Group Company and the Group Company's PRC operating subsidiaries, is primarily focused on providing urban and highway transportation management solutions and information services. The Company is a leading transportation information products and comprehensive solutions provider, and aims to be the largest real time transportation information service provider and major fleet management service provider in China.
Last Trade: 4.8852 Week: 7.99- 4.13Market Cap: 123.26 Million
SORL Auto Parts Reports Fourth Quarter and Annual Results for 2010
SORL Auto Parts, Inc. (Nasdaq:SORL - News) ("SORL" or "The Company"), a leading manufacturer and distributor of automotive brake systems as well as other key safety-related auto parts in China, announced financial results for the fourth quarter and fiscal year ended December 31, 2010.
Fourth Quarter Financial Highlights
- SORL Net sales rose 19.4% from the fourth quarter of 2009;
- SORL OEM sales were up 25.2% year-over-year;
- SORL Export sales were up 15.8% year-over-year;
- SORL Net income rose 5.6% year-over-year; with diluted EPS of $0.31.
Annual Financial Results
SORL's consolidated net sales for 2010 increased by $58.4 million or 41.4% year-over-year, to $199.4 million from $141.0 million in the year ended December 31, 2009.
SORL's consolidated gross profit increased by 35.7% to $58.1 million for the year ended December 31, 2010 from $42.8 million in the 2009 year. SORL's gross margin was 29.2% in 2010 compared with 30.4% for 2009.
SORL consolidated income from operations was $24.6 million, a 43.6% increase from the $17.1 million in 2009. The 2010 operating margin of 12.3% was slightly above last year's operating margin.
The consolidated net income attributable to stockholders for the fiscal year ended December 31, 2010 increased by $6.4 million, or 45.6% to $20.4 million, or basic and diluted earnings per share ("EPS") of $1.06, from consolidated net income of $14.0 million, or basic and diluted EPS of $0.77, in 2009.
SORL Auto Parts, Inc.
A leading manufacturer and distributor of automotive brake systems and other key safety related auto parts in China, management believes that SORL Auto Parts, Inc. ranked No. 1 for market share in China in the segment for brake systems for commercial vehicles, such as trucks and buses. The Company distributes products both within China and internationally under the SORL trademark. SORL is listed among the top 100 auto component suppliers in China, with a product range that includes 65 categories with over 2000 specifications in brake system and others.
Last Trade: 6.4852 Week: 11.55 – 5.07Market Cap: 125.1 Million
New Energy Systems Group Reports 2010 Results; Revenues rise 259% to $94.7 Million, Adjusted EPS of $1.46 Beats Estimates
New Energy Systems Group (NYSE Amex: NEWN) ("New Energy" or the "Company"), a vertically-integrated original design manufacturer and distributor of lithium ion ("li-ion") batteries and portable-power consumer products, today announced financial results for the fourth quarter and full year ended December 31, 2010.
Revenues for the three months ended December 31, 2010 totaled at $22.4 million, an increase of 113% year over year.
Gross profit in the fourth quarter of 2010 was $6.4 million, an increase of 94% year-over-year. Gross margin for the period was 28.4% Gross profit margins for Anytone(R) trend at 24-28%.
Net income for the quarter was $3.6 million, an 80% increase from $2.0 million for the three months in 2009. GAAP earnings per share were $0.26. Adjusted net income excluding non-cash charges was $4.5 million for the period with $0.35 in earnings per share, an increase of 30% and 13% respectively.
Net revenue for the year ended December 31, 2010 increased 259% to $94.7 million compared to $26.4 million in 2009.
Gross profits for 2010 were $26.2 million, an increase of 228%. Increases in gross profits were mainly attributed to profits from the acquisitions of Anytone and New Power.
Net income for the year ended December 31, 2010 was $15.2 million compared to $5.8 million for 2009, an increase of 162%. Earnings per share was $1.18 compared to $0.82 in 2009, based on 12.9 million and 7.2 million fully diluted shares outstanding, respectively. Adjusted for non-cash expenses, adjusted net income and earnings per share for 2010 were $18.8 million and $1.46, respectively.
About New Energy Systems Group
New Energy Systems Group is a vertically integrated original design manufacturer and distributor of lithium ion batteries and portable power devices for mobile phones, laptops, digital cameras, MP3s and a variety of other consumer electronics.
Last Trade: 5.6752 Week: 9.20 – 4.06Market Cap: 70.11 Million
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