DrStockPick.com Stock Report!
Friday August 28, 2009
Muscle Flex Inc. (PINKSHEETS: MFLI) announced today that Danny Alex, CEO of Muscle Flex Inc. (www.MuscleFlexInc.com), has been exclusively invited to the WWDMAGIC (www.MagicOnline.com) fashion tradeshow in Las Vegas by Houston PAD (www.HoustonProjects.com), Master Distributor of VATA Brasil Active Wear (www.VataBrasil.com). The invitation to attend WWDMAGIC comes as Muscle Flex Inc. is preparing to add its Muscle Flex� sports and active wear product line as one of its flagship products. Additional details are expected in the coming days.
Legend International Holdings, Inc (OTCBB:LGDI) is pleased to announce that the Queensland Government has granted the Exploration Permit for Paradise South EPM 16942 (previously Lady Annie) to Legend International Holdings Inc, today on 28th August 2009. Please see the Legend website www.lgdi.net for this press release with a location map.
Velocity Portfolio Group, Inc. (NYSE Amex: PGV), a portfolio management company that purchases unsecured consumer receivables, announced today that it will be late in filing its Periodic Report on Form 10-Q for the three and six month periods ended June 30, 2009. The company was unable to file the Form 10-Q with the Securities and Exchange Commission because it was not able to complete the preparation of the condensed consolidated financial statements due to its revising of the forecasted timing of expected future collections in certain pool groups due to the continued economic deterioration. This was the result of a shortfall in collections in certain pool groups against management’s forecast as a result of the current economic crisis, primarily the company’s 2005 through 2006 vintages. This is expected to result in a material reduction in revenues year over year for the period ending June 30, 2009. The Company expects to report gross revenues from continuing operations of approximately $6,000,000 for the six-month period ending June 30, 2009, a 20% decrease from gross revenues of approximately $7,500,000 for the six-month period ended June 30, 2008. The Company expects to report a net loss from continuing operations of between $4,500,000 and $5,500,000 for the six-month period ended June 30, 2009, and shareholders’ equity of approximately $14,000,000 as of June 30, 2009.
Eurand N.V. (NASDAQ: EURX), a specialty pharmaceutical company, today announced U.S. Food and Drug Administration (FDA) approval of its New Drug Application (NDA) for ZENPEP(TM) (pancrelipase) Delayed-Release Capsules for the treatment of exocrine pancreatic insufficiency (EPI) in patients with cystic fibrosis (CF) or other conditions.
Trimble (Nasdaq: TRMB) announced today the launch of its “Trimble Utility Suite” initiative. The initiative will focus on expanding Trimble’s field work productivity and safety solutions for generation, transmission, and distribution utilities worldwide.
Aceto Corporation (Nasdaq:ACET), a global leader in the sourcing, quality assurance, regulatory support, marketing and distribution of chemically derived pharmaceuticals, biopharmaceuticals, specialty chemicals and crop protection products, today announced that it will issue its financial results of operations for its 2009 fiscal fourth quarter ended June 30, 2009 before the stock market opens on Friday, September 11, 2009. That morning, at 10:00 am ET, Leonard S. Schwartz, Chairman, & CEO, Vincent Miata, President, and Douglas Roth, CFO, will conduct a conference call.
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