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Atlantis Technology Group (OTCBB: ATNOD)
Up 85.71% on Wednesday
Detailed quote: http://beaconequityresearch.com/ATNOD
November 07, 2007 - Atlantis Technology Group Notice to All Shareholders of Symbol Change
Technology company Atlantis Technology Group (OTCBB: ATNOD) announced today the current symbol ATNOD will change to ATNO as of Thursday, November 8th, 2007.
The "D" designation on the symbol ATNO-D was placed on the original ATNO symbol, as required by the NASD, in order to make the trading community aware of a prior capital reorganization of company stock. This NASD requirement, that the "D" to be appended to the new symbol ATNO-D, had a twenty trading day period duration. Now that the mandated period has passed, the symbol for Atlantis Technology Group is ATNO.
The change to the symbol will not affect the prior-announced three for one forward stock split as released November 6, 2007. As stated in previous release "As of Wednesday, November 21, 2007, shareholders of Atlantis Technology Group will automatically own two additional shares of common stock for each share of record held on November 16, 2007, constituting a three for one forward stock split."
Kintera,(R) Inc. (NASDAQ :KNTA)
Up 9.82% on Wednesday
Detailed quote: http://beaconequityresearch.com/KNTA
November 07, 2007 - Kintera Reports Third Quarter 2007 Financial Results
Kintera,(R) Inc. (NASDAQ:KNTA), a leading provider of software as a service (SaaS) to the nonprofit and government sectors, today reported financial results for its third quarter ended Sept. 30, 2007.
Revenue for the third quarter 2007 was $11.9 million, compared to $10.1 million from the same period last year. Third quarter revenue met the guidance provided during last quarter's financial results call.
On a GAAP basis, net loss for the quarter was $1.7 million, or $0.04 per diluted share, which is an improvement of 80 percent or $0.19 per diluted share, compared with a net loss of $8.2 million, or $0.23 per diluted share, for the same period last year.
Kintera's earnings before interest, taxes, depreciation, amortization, stock-based compensation expense and restructuring charges (adjusted EBITDA) was $47,000 compared to a loss of $5.6 million for the same period last year. The company reached its goal of achieving quarterly adjusted EBITDA breakeven in the second half of 2007.
"We are pleased with the efforts and speed at which our company has achieved our goal of adjusted EBITDA profitability," said Richard N. LaBarbera, Kintera CEO. "In addition, positive cash from operations and the improvements we have seen in our client satisfaction are strong indicators that Kintera is the best choice for nonprofit software."
Operating expenses for the third quarter 2007 totaled $10 million. This is a decrease of approximately 28 percent, from $13.8 million in the third quarter 2006.
Cash, cash equivalents and marketable securities at Sept. 30, 2007 were $11.8 million.
Zanett, Inc. (NASDAQ: ZANE)
Up 2.50% on Wednesday
Detailed quote: http://beaconequityresearch.com/ZANE
November 07, 2007 - Zanett, Inc. Announces Third Quarter, Nine Month Conference Call for November 14, 2007 at 11 am EST
Zanett, Inc. (NASDAQ CM: ZANE), a leading information technology (IT) consulting firm serving Fortune 500 corporations, mid-market companies, and highly classified government agencies involved in Homeland Defense and Homeland Security, will release its financial results for the third quarter and nine months ended September 30, 2007 on Wednesday, November 14, 2007.
Management of Zanett will host a conference call on the same day at 11 a.m. EST to discuss the company's financial results and achievements. Those who wish to participate in the conference call may telephone 888-335-6674 from the
PSi Technologies Holdings, Inc., (NASDAQ: PSIT)
Up 2.50% on Wednesday
Detailed quote: http://beaconequityresearch.com/PSIT
November 07, 2007 - PSi Technologies Reports Third Quarter 2007 Results
PSi Technologies Holdings, Inc., (Nasdaq: PSIT), a leading independent provider of assembly and test services for the power semiconductor market, today announced financial results for the third quarter ended September 30, 2007.
The third quarter revenue totaled $22.5 million, relatively unchanged compared to $22.7 million in the previous quarter, and a decline of 6.4% compared to the same quarter in 2006.
The company continues to experience the softness in the power semiconductors market as a result of inventory adjustments. In particular, the third quarter volume of the package used in appliances has significantly dropped compared to the previous quarter.
The top five customers for the third quarter of 2007(in alphabetical order) were Infineon Technologies, NXP Semiconductors, ON Semiconductors, Power Integrations, and ST Microelectronics. The products assembled and tested for these customers are used in various end user applications, such as, automotive systems, consumer electronics, communications equipment, industrial applications, home appliances and PC motherboards. As in the prior quarter, PSi continues to focus on developing strategic partnerships with new customers, particularly for its new package family of Power QFN.
The cost of sales improved from $18.8 million in the second quarter of 2007 to $18.2 million in the third quarter, largely due to the cost reduction programs covering raw materials usage and efficiency in manpower management leading to productivity gains. Furthermore, the company realized the benefit of its efforts to move its product portfolio towards higher contribution packages. As a result, gross profit increased by 42.1% from $0.8 million in the second quarter to $1.2 million in the third quarter of 2007.
Net other expenses for the third quarter improved to $0.9 million from $1.3 million during the previous quarter. This reduction in net other expenses is attributable to lower foreign exchange losses resulting from the slowdown on the rate of appreciation of the Philippine currency against the U.S. dollar in the third quarter as compared to previous quarter and lower interest and bank charges, partly offset by additional legal fees resulting from the closure of China operations.
Overall, the improvement in gross profit by 42.1% and reduction of net other expenses by 29% for the third quarter resulted to an improvement in net loss by 20.9% and a 18.6% increase in EBITDA, compared to the second quarter of 2007.
Prime Time Group Inc. (PINKSHEETS: PRTH)
Up 140.00% on Wednesday
Detailed quote: http://beaconequityresearch.com/PRTH
November 07, 2007 - Prime Time Group Inc. - Cancellation of Stock
Prime Time Group Inc. (PINKSHEETS: PRTH) announce the mutual cancellation of the merger agreement between Prime Time Group, Inc. and Robinson Wireless Holdings, Inc. Both Companies have mutually agreed on this cancellation.
Prime Time Group, Inc. has requested the return and cancellation of all shares that were issued due to the original Robinson Wireless agreement. This will result in the cancellation of an amount of 303,665,650 shares of Prime Time Group, Inc. Common Stock.
As announced on November 1, 2007, Prime Group, Inc. is now finalizing the acquisitions of three Gold Mining Exploration Companies from Fortress Financial Group, Inc. (PINKSHEETS : FFGO.PK). It is expected that these transactions will be concluded this week.
Prime Time Group, Inc. will be repositioned as a focused Gold Mining Exploration Company shortly.
Johnny Ray Arnold, the Chairman of Prime Time Group, Inc. commented today "that he was pleased to be substantially reducing the amount of the company's outstanding stock and was tremendously bullish about the Company's future, with Gold becoming the safe haven and refuge for investors in today's uncertain markets". He further commented that with Gold prices continuing to rise, he was delighted that Prime Time Group, Inc. was in a position to consummate these transactions with Fortress Financial Group, Inc., in record time.
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