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Dear Friends of IMS,
We are pleased to keep you apprised of developments across our client base; below please find recent client developments that we thought you may find of interest. As always, please do not hesitate to contact us should you have any questions or if we can be of assistance to any of your portfolio companies.
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| NEW CLIENT | | |
Next Fuel Inc. (OTCQB: NXFI) has developed and is commercializing Coal to Gas technology. Next Fuel's technology accelerates the creation of natural gas from coal, lignite and oil shale, thereby enabling owners of low grade coal fields the opportunity to monetize their asset by efficiently producing natural gas, and owners of higher grade coal beds the chance to enhance and resume commercial scale natural gas production from declining and/or depleted coal bed natural gas wells.
Next Fuel recently signed a definitive agreement with PT Enviro Energy to field test Next Fuel's Coal to Gas technology ("CTG Technology") to determine the commercial viability of utilizing it to produce natural gas at PT Enviro Energy's coal deposits in Indonesia. The Company believes that this is the first ever field test utilizing Coal to Gas technology in situ on virgin lignite coal seams. |
| INDUSTRIAL & MANUFACTURING | | |
Deswell Industries (NASDAQ: DSWL) announced results for the third quarter ended December 31, 2010. Net sales for the third quarter were $24 million, an increase of 10.2% compared to net sales of $21.3 million for the same quarter ended December 31, 2009... read more
IEC Electronics, Corp. (NYSE AMEX: IEC) announced strong second quarter results for fiscal 2011. Second quarter revenue increased 39% and operating income as a percent of sales improved to 9.5% as compared to 7.9% in second quarter, 2010. The company's CEO, W. Barry Gilbert, recently presented at the 7th Annual Noble Financial Capital Markets Equity Conference in Hollywood, Florida. For more information and a link to listen to the presentation...click here
Sparton Corp. (NYSE: SPA) reported fiscal 2011 third quarter operating income of $2.7 million and net income of $2.5 million or $0.25 per share, versus operating income of $0.4 million and net income of $0.7 million or $0.07 per share, for the third quarter of fiscal 2010. The company's CEO, Cary Wood, recently presented at the B. Riley Investor Conference in Los Angeles, California. For more information and a link to listen to the presentation... click here
Tel-Instrument Electronics Corp. (NYSE AMEX: TIK) announced that total product backlog has increased to approximately $49 million from $30 million at December 31, 2010. To accommodate the Company's growth, Tel-Instrument has signed a lease for, and plans to relocate to a new facility in the summer of 2011... read more |
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TECHNOLOGY | |
Xfone, Inc. (NYSE AMEX and TASE: XFN) announced results for the three months ended March 31, 2011. The Company reported strong growth in its Fiber-To-The-Premise (FTTP) triple play business growing 33% to $2.9 million in the quarter ended March 31, 2011 as compared to approximately $2.2 million in the first quarter of 2010. Xfone expects continued double-digit growth of FTTP customers... read more |
| CONSUMER PRODUCTS & RETAIL SERVICES | | |
American Home Food Products (OTCQB: AHFP), currently doing business as Artisanal Premium Cheese, announced results for its fiscal quarter ended February 28, 2011. For the three month period ended February 28, 2011, the Company reported revenues of $1,517,926, representing an 11% increase compared to sales in the three month period ending February 28, 2010. The company is also expanding into new retail locations in the U.S... read more
Littlefield Corporation (OTCQB: LTFD) announced results for the first quarter of
2011. The Company achieved its second highest record level of quarterly bingo revenue in the Company's history and net income of $410,686. ... read more |
| ENVIRONMENTAL | | |
GreenMan Technologies, Inc. (OTCQB: GMTI) announced second quarter results for fiscal 2011. Net sales from continuing operations for the three months ended March 31, 2011 increased $666,000 or 267 percent to $914,000 as compared to net sales of $248,000 for the three months ended March 31, 2010... read more
Hudson Technologies,Inc (NASDAQ: HDSN) reported record revenues of approximately $13.8 million for the first quarter ended March 31, 2011 an increase of 52% compared to revenues of approximately $9 million for the three months ended March 31, 2010...read more |
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ENERGY SERVICES | | |
Next Fuel, Inc. (OTCQB: NXFI) recently signed a definitive agreement with San Ding Jiu Yuan (DBA "Future Fuel") to field test its Coal-to-Gas (CTG) technology in Inner Mongolia, China. The tests are to determine the commercial viability of utilizing Next Fuel's CTG technology to produce natural gas from lignite coal deposits. The two companies also agreed to negotiate a strategic arrangement for the entire China market, if field tests are positive...read more |
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In February, more than 800 publicly traded companies moved from being dually quoted on OTCBB and the OTC Markets (the new name for the Pink Sheets) to being quoted exclusively on the OTC Markets. Over 95% of prices quoted in the OTC marketplace are quoted now on the OTC Markets platform. This quiet shift - not widely reported on but creating mass confusion and concern among smaller public companies, is redefining the landscape. A key issue to understand is that the old "Pink Sheets", while still providing a trading platform for non-filing public companies, has recreated itself into a multi-tiered system appropriate for fully compliant and responsible public companies. In short, the OTCQB and OTCQX are becoming the new Bulletin Board...read more |
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Institutional Marketing Services (IMS)
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For more information about IMS, contact:
John Nesbett, President
Phone: (203) 972-9200
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