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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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IMS Client News
September 2011 |
| NEW CLIENT | | |
Versar (NYSE AMEX: VSR) headquartered in Springfield, VA, is a global project management company providing sustainable solutions to government and commercial clients in construction management, environmental services, munitions response, telecommunications and energy.
The Company has driven renewed growth and profitability reflected in the fourth quarter ended July 1, 2011 which saw 29% revenue growth split evenly between organic and acquisition growth. Net income was $1.4 million or $0.14 per share, as compared to a loss of $700,000 or $(0.08) per share during the same quarter last year...read more |
| INDUSTRIAL & MANUFACTURING | | |
Deswell Industries (NASDAQ: DSWL) announced results for the first quarter ended June 30, 2011. Operating income was $0.1 million compared to an operating loss of $2.7 million last year... read more
IEC Electronics, Corp. (NYSE AMEX: IEC) announced results for the third quarter of fiscal 2011 ended July 1, 2011. The Company reported revenue of $34,626,000, operating income of $2,623,000 (7.6% of sales) and net income of $1,333,000 or $0.13 per share...read more
The Company recently announced that it has received an order valued at approximately $6.7 million from a Fortune 100 industrial customer...read more
Sparton Corp. (NYSE: SPA) announced results for the fiscal 2011 fourth quarter and year ended June 30, 2011. The Company reported fourth quarter sales of $60.9 million, an increase of 52% from $40.0 million for the fourth quarter of fiscal 2010... read more
The Company recently announced a $3.0 million stock buyback plan... read more
Tel-Instrument Electronics Corp. (NYSE AMEX: TIK) announced results for the first quarter ended June 30, 2011. Revenue for the quarter increased to $3.99 million compared to $2.46 million for the same quarter last year. Operating profit for the quarter increased to $213,771 compared to an operating loss of $433,010 for the year ago period... read more |
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TECHNOLOGY | |
Xfone, Inc. (NYSE AMEX and TASE: XFN) announced results for the three and six months ended June 30, 2011. Revenue from the Company's Fiber-To-The-Premise (FTTP) business grew 24.8% to $3 million in the quarter ended June 30, 2011 as compared to approximately $2.4 million in the second quarter of 2010... read more
The Company recently announced a definitive agreement with Reach Broadband for the purchase of customers and cable assets in Western Texas... read more |
| CONSUMER PRODUCTS & RETAIL SERVICES | | |
American Home Food Products (OTCQB: AHFP), currently doing business as Artisanal Premium Cheese, announced results for its fiscal year ended May 31, 2011. Artisanal reported an 11% increase in annual revenues over the prior year period and a 15% revenue increase for the quarter ending May 31, 2011 compared to the quarter ended May 31, 2010... read more |
| ENVIRONMENTAL | | |
GreenMan Technologies, Inc. (OTCQB: GMTI) recently recieved the Company's first EPA engine family approval under the new conversion regulations, which had to meet specific design, componentry, and emission compliance criteria...read more
The Company announced results for the three months ended June 30, 2011. Dual fuel sales increased 16 fold to $542,000 from $66,000 last year...read more
Hudson Technologies,Inc (NASDAQ: HDSN) announced results for the second quarter and six months ended June 30, 2011. Six months revenues increased 13.5% to $28,530,000 as compared to revenues of $25,137,000 in the first six months of 2010. Gross profit margins increased in the first half of 2011 to 22% compared to 19% in the first half of 2010...read more |
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ENERGY SERVICES | | |
Next Fuel, Inc. (OTCQB: NXFI) signed a definitive agreement with PT Enviro Energy to field test Next Fuel's Coal-to-gas technology...read more |
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A commonly debated topic, both initiatives require careful, company specific analysis to determine what is the right move for shareholders. Click the link above to see an overview of the issues surrounding dividends and buybacks pertaining specifically to micro and small cap public companies. |
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Institutional Marketing Services (IMS)
is a full service investor relations firm offering a fresh and sensible approach to building credibility and reach in the investment community. The mission of the firm is simple: to make investor relations strategic, measurable and successful. Visit the Company's website at www.institutionalms.com.
For more information about IMS, contact:
John Nesbett, President
Phone: (203) 972-9200
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