DrStockPick.com Stock Report!
Friday August 28, 2009
Cardtronics, Inc. (Nasdaq:CATM) has entered the Puerto Rican ATM market with its first customer in Puerto Rico, To Go Stores. With over 33,000 ATMs in the United States, the United Kingdom, and Mexico, Cardtronics is the world’s largest non-bank ATM operator. Cardtronics will install ATMs in 11 of the 26 To Go Stores locations in Puerto Rico, with the expectation of placing ATMs in the remaining 15 To Go Stores during 2010.
Heartland, Inc. (OTC Bulletin Board: HTLJ) today announced that Heartland Steel, the company’s steel warehousing subsidiary, has achieved $1 million in sales. The company noted that this milestone is especially notable because it was achieved prior to the completion or occupation of Heartland Steel’s new state-of-the-art warehousing and distribution facility and office space in Washington Court House, Ohio.
Magellan Petroleum Corporation (Nasdaq: MPET) reported consolidated net income of $665,000 ($0.02 per share) on gross revenues of $28.2 million for its fiscal year ended June 30, 2009, as compared to a net loss of $8.9 million (loss of $0.21 per share) on revenues of $40.9 million in fiscal 2008.
Global 8 Environmental Technologies, Inc. (OTC Bulletin Board: GBLE), a company committed to preserving our planet through environmental consciousness, technology and education, announced today that the Company’s President and CEO, Julio Ferreira, will be travelling to Brazil. While in Brazil, Mr. Ferreira will conduct a series of conferences with many prominent business leaders, investors and government officials.
Live Current Media Inc. (OTCBB:LIVC), a media company built around content and commerce destinations, announces today that it has completed the sale and assignment of the cricket.com domain name and the Indian Premier League contract for a total consideration of approximately $1.75 million. This transaction eliminates all of the Company’s liabilities, past and future, associated with the Company’s cricket operations. In addition, the unrelated third party purchaser, GCV Mauritius, has agreed to hire Mark Melville, Live Current’s President, and to cover severance costs related to the termination of certain Live Current employees associated with the cricket operations. This transaction allows Live Current to completely exit the cricket business while significantly reducing corporate overhead.
Verenium Corporation (Nasdaq: VRNM) announced today that it has entered into privately negotiated exchange agreements with certain existing holders of its 5.5% Convertible Senior Notes due 2027 (the “5.5% Notes”). Pursuant to the agreements, existing holders of the 5.5% Notes have agreed to exchange approximately $28.5 million in aggregate principal of the 5.5% Notes, for approximately $12.8 million of 9% Convertible Senior Secured Notes due 2027 (the “New Notes”). Lazard Middle Market LLC acted as a financial advisor to the Company for this transaction.
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