San West, Inc. (OTCBB: SNWT) $1.15. Announced Tuesday after market close its list of aggressive strategic initiatives aimed at dramatically increasing revenues for the short term fiscal year including the 3rd and 4th Quarter of 2009.
Strategic Initiatives Poised for the Next 12 months:
Increased focus on Buggy World Internet sector, where many competitors are not reaching target markets for buggy and off-road products
With development of the new website, the company intends to promote itself online through sales, specials and a community forum
Pursuit of additional Buggy World dealership locations for increased market coverage and distribution territory as well as distributorships and industry alliances
Launch of marketing campaign through advertising, social media and increased industry event presence
Increased Buggy World distributorship of large industry brand names and companies such as recent distributorships with Fox Racing and Thor
Promotion of Buggy World repair shop and part sales which research shows is an industry niche as well as a revenue stream that increases during times of decreased expendable income
Added product inventory, such as Redline and Joyner, which appeals to wider range of sports enthusiasts
Key Milestones Achieved During Past 12 months:
Acquisition of Buggy World in October 2008, with reported revenue of $1.6 million for 2007
Merger with Human BioSystems, Inc. making San West a publicly traded company on the OTC Bulletin Board
Increased Buggy World part sales/repair shop income by 35%
Opening of new Buggy World location in Fallbrook, CA, expected to increase revenue by 30%
New Buggy World representation of top rated product lines such as Fox Racing and Thor
Redevelopment of Buggy World website with greater focus on online retail, off-road community and social portal
Awarded exclusive TrophyKart dealership for San Diego County
What They Do: San West designs, manufacturers, sells and repairs off-road buggies, and additionally provides aftermarket performance products and accessories for off-road buggies; products are sold via three divisions: at retail store locations; via the online store and; through its growing dealer network.
TerreStar Networks Inc. a majority-owned subsidiary of TerreStar Corporation (Nasdaq: TSTR) $2.13. Today announced today an agreement between TerreStar and AT&T to bring to market the first fully integrated satellite cellular smartphone.
The TerreStar solution will combine AT&T's wireless connectivity with the ability to use an all-IP satellite network as back up throughout the United States. Using one phone number and one device, users will be able to access voice and data services in the United States, Puerto Rico, the U.S. Virgin Islands and offshore coastal waters over either the AT&T cellular network or the TerreStar satellite network.
The TerreStar(TM) GENUS(TM) Smartphone is a revolutionary device, combining 3G terrestrial wireless capability with satellite voice and data in a standard smartphone size and form factor. The device uses the Windows Mobile® operating system to provide rich smartphone functionality and includes premium features such as a touchscreen, WiFi, Bluetooth®, GPS and a QWERTY keyboard. The solution is intended to work as a user's everyday cellular smartphone device, with satellite access capability as a secondary option when needed.
What They Do: TerreStar Networks, a majority owned subsidiary of TerreStar Corporation, plans to offer a reliable, secure and resilient satellite terrestrial mobile broadband network that will provide voice, data and video services dedicated to helping solve the critical communication and business continuity challenges faced by government, emergency responders, enterprise businesses and rural communities.
Ameriprise Financial (NYSE: AMP) $32.34. Today announced a definitive agreement to acquire the long-term asset management business of Columbia Management from Bank of America for approximately $1 billion in cash. The transaction is expected to be accretive to Ameriprise Financial earnings and return on equity within one year, excluding one-time integration costs.
As of June 30, 2009, Boston-based Columbia managed approximately $93 billion in equity assets and $72 billion in fixed income assets. The cash business managed by Columbia is not included in the transaction.
What They Do: Ameriprise Financial, Inc. is a diversified financial services company serving the comprehensive financial planning needs of the mass affluent and affluent.
AEterna Zentaris (Nasdaq: AEZS) $1.25. Today announced that the 043 Thorough QT (TQT) trial, which is part of the cetrorelix pamoate clinical development program in benign prostatic hyperplasia (BPH), met its primary endpoint. Results showed that cetrorelix did not increase heart rate-corrected QT interval (QTc) at either time of observed maximal concentration of cetrorelix (CetroMax) or at the time of minimum level of serum testosterone (TestMin). Current guidance through the International Conference on Harmonization (ICH) E14 recommends that all new chemical entities undergo a TQT trial to assess their potential to induce QT interval changes. Therefore, this trial was conducted in accordance with ICH guidance. As announced on March 6, 2009, sanofi-aventis U.S. LLC, entered into an agreement with AEterna Zentaris for the development, registration and marketing of cetrorelix in BPH for the U.S. market.
What They Do: AEterna Zentaris Inc. is a global biopharmaceutical company focused on endocrine therapy and oncology, with proven expertise in drug discovery, development and commercialization.
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