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Dear Friends of IMS,
With 2011 coming to a close, we wanted to wish everyone a wonderful holiday season. We are very lucky here at IMS. We sit at the intersection of the financial markets with people who we truly enjoy doing business with. Our success depends on a willing audience who will take our calls, engage with our management teams and provide us with feedback. You do. Furthermore, you bring us great companies to represent, evidenced by the client news below. We do not take that for granted. Thank you so much and Happy Holidays, John Nesbett President |
IMS Client News
December 2011 |
| NEW CLIENT | | |
Bassett Furniture Industries, Inc. (NASDAQ: BSET) headquartered in Bassett, VA, is a furniture retailer that currently operates more than 100 retail locations in the United States, Puerto Rico and Canada and is rapidly expanding sales on bassettfurniture.com. The Company has had a successful turnaround by consolidating its licensee stores, modernizing existing store locations, and judiciously opening new stores. Most recently, Bassett sold its share in affiliate International Home Furnishings Corporation, thereby transforming the Company's balance sheet.
The Company announced results for the third quarter ended August 27, 2011. Revenues for the quarter increased 1.5% to $59.4 million and net income increased to $0.4 million for the quarter as compared to a net loss of $2.4 million for the same period last year. Gross margins for the third quarter improved to 49.2%...read more |
| INDUSTRIAL & MANUFACTURING | | |
Deswell Industries (NASDAQ: DSWL) announced results for the second quarter ended September 30, 2011. The operating loss in the second quarter was $0.2 million, compared to an operating loss of $1.7 million for the same quarter of fiscal 2011. The Company announced a $.02 dividend for the quarter... read more
IEC Electronics, Corp. (NYSE AMEX: IEC) announced its results for the fourth quarter and fiscal year ending September 30, 2011. Revenue for fiscal 2011 increased 38% to $133.3 Million from $96.7 million for fiscal 2010. Debt was reduced by $10.2 million during Q4 and fiscal 2011 closing backlog was over $121.0 million as compared to a fiscal 2010 closing backlog of $91.4 million...read more
The Company was recently ranked No. 3 on Forbes 100 Best Small Companies List...read more
Sparton Corp. (NYSE: SPA) announced results for the first quarter of fiscal 2012 ended September 30, 2011. The Company reported first quarter sales of $51.8 million, or an increase of 13%, from $45.8 million for the first quarter of fiscal 2011. EPS for the quarter was $0.15... read more |
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TECHNOLOGY | |
Tel-Instrument Electronics Corp. (NYSE AMEX: TIK) announced results for the second quarter ended September 30, 2011. Revenue for the quarter increased 20.2% to $3.6 million and the Company's backlog has increased to approximately $47 million as compared to approximately $33 million a year ago... read more
To support its rapidly growing business, the Company recently completed its facility relocation. The Company will hold a tour of the new facility at the Annual Shareholder Meeting located at One Branca Road, East Rutherford, NJ 07073 on December 14, 2011 starting at 4:00 p.m. Xfone, Inc. (NYSE AMEX and TASE: XFN) announced results for third quarter ended September 30, 2011. Revenue from the Company's Fiber-To-The-Premise (FTTP) business grew 30% to $3.4 million in the quarter as compared to approximately $2.6 million in the third quarter of 2010. Sequentially, FTTP revenues increased 12.4% as compared to the second quarter of 2011... read more The Company recently raised $6 million dollars in a successful rights offering... read more |
| CONSUMER PRODUCTS & RETAIL SERVICES | | |
American Home Food Products (OTCQB: AHFP) For the first fiscal quarter ending August 31, 2011, Artisanal reported a slight decrease in quarterly revenues to $759,385 versus $930,908 in the same fiscal quarter in 2010, with the decrease attributable to booked orders that were shipped in part in September... read more
The Company has finalized an agreement with KeHE Distributors, the nation's largest specialty and natural foods distributor, to begin marketing Artisanal's branded refrigerated cases to retailers... read more
Bassett Furniture Industries, Inc. (NASDAQ: BSET) announced results for the third quarter ended August 27, 2011. Revenues for the quarter increased 1.5% to $59.4 million and net income increased to $0.4 million for the quarter as compared to a net loss of $2.4 million for the same period last year. Gross margins for the third quarter improved to 49.2%...read more |
| ENVIRONMENTAL | | |
GreenMan Technologies, Inc. (OTCQB: GMTI) recently received two international dual fuel vehicular orders totaling $210,000 from its American Power Group subsidiary. The orders came from its local distributor in Africa and are scheduled to be completed before the end of January 2012...$150,000 Order...$60,000 Order
Hudson Technologies,Inc (NASDAQ: HDSN) reported record revenues for the third quarter and first nine months of 2011. Revenues for the quarter increased 49% to $11.9 million and increased 22% to $40.4 million for the nine months ended September 30, 2011...read more
Versar Inc. (NYSE AMEX: VSR) announced its financial results for the fiscal first quarter ended September 30, 2011. Revenues for the quarter increased 14% to $33.3 million and gross profit increased to $3.7 million, a 28% increase compared to gross profit of $2.9 million in the first quarter of last year. EPS for the quarter was $0.09 up from $0.06 same quarter last year...read more |
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Is there really no interest in microcap public companies? Many experts will tell you so. They will tell you that investor interest and access to capital has diminished substantially in the microcap arena.
I have a different view based on what we are seeing with our clients. Yes, the landscape has changed dramatically over the past 20 years, and yes, there are new challenges. These challenges, though, if understood correctly, create opportunity. |
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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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