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ISE BLU EQUITY CORP (OTC: ISBL) Up 42.86% on Thursday
NetSol Technologies (Nasdaq:NTWK) Current Price (4.37) www CALABASAS, CA--Nov 8, 2007 -- NetSol Technologies Inc. ("NetSol") (Nasdaq:NTWK - News), a multinational provider of IT services and enterprise software to the financial services industry, today announced financial results for the fiscal first quarter 2008, ended September 30, 2007. Fiscal First Quarter 2008 Financial Highlights: Revenues increased 48% year-over-year to a record $8.7 million. Services increased 73% year-over-year to $5.2 million. License fees increased 21% year-over-year to $1.9 million. Maintenance fees increased 22% year-over-year to $1.6 million. Gross margin increased to 61% compared to 50% in the prior year period. Operating income improved to $2.2 million compared to an operating loss of $0.2 million in the year ago period. GAAP net income increased to a record $1.8 million, or $0.08 per share, versus a loss of $1.3 million or ($0.08) per share in the year ago period. EBITDA increased to a record $2.8 million, or $0.12 per diluted share. Full year fiscal 2008 organic revenue growth forecasted to be 25 percent to 30 percent above fiscal year 2007 levels. NetSol Technologies (NasdaqCM:NTWK - News) is a multinational provider of IT services and enterprise solutions to the financial services industry. By utilizing its worldwide IT design, development, quality assurance (QA), and project management resources, NetSol delivers high-quality, cost-effective portfolio management solutions for equipment and vehicle finance, as well as IT services ranging from consulting and application development to systems integration and development outsourcing. NetSol's commitment to quality is demonstrated by its achievement of both the ISO 9001 and SEI (Software Engineering Institute) CMMi (Capability Maturity Model) Level 5 assessments, a distinction shared by fewer than 100 companies worldwide. NetSol Technologies' clients include Fortune 50 manufacturers, global automakers, financial institutions, technology providers, and governmental agencies. Headquartered in Calabasas, California, NetSol Technologies has operations and/or offices in London, San Francisco, Adelaide, Beijing, Bangkok and Lahore, Pakistan.
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CLEARLY CANADIAN (OTC BB:CCBEF) Current Price (.76) VANCOUVER, British Columbia--Nov. 8--CLEARLY CANADIAN (OTCBB:CCBEF - News) (the "Company") today announced the appointment of Bobby Genovese as Chairman of the Board. Mr. Genovese, the company's controlling shareholder will now assume an active role, highlighted by an immediate mandate on accelerating growth initiatives and enhanced shareholder value. Based in Vancouver, B.C., Clearly Canadian Brands markets premium alternative beverages, including Clearly Canadian sparkling flavoured waters and Clearly Canadian dailyEnergy, dailyVitamin and dailyHydration Natural Enhanced Waters which are distributed in the United States, Canada and various other countries. Clearly Canadian's recent acquisition of DMR Food Corporation and My Organic Baby Inc. marks the Company's debut into organic and natural products with a full line of organic baby and toddler foods under the brand names My Organic Baby and My Organic Toddler and a wide range of dried fruit and nut snacks offerings from SunRidge Farms, Naturalife, Sweet Selections, Simply by Nature and Glengrove Organics brands. Additional information about Clearly Canadian may be obtained at www.clearly.ca.
Radiant Systems, Inc.
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(Nasdaq:RADS) Current Price (15.45) ATLANTA--Nov. 7--Radiant Systems, Inc. (NASDAQ:RADS - News) announced today that its Board of Directors has re-commenced its stock repurchase program, which expired in October 2007, authorizing the repurchase of up to one million shares of its common stock through November 2009. Purchases will be made as market and business conditions warrant, in open market, negotiated or block transactions. Radiant Systems, Inc. engages in the development, installation, and delivery of solutions for managing site operations of hospitality and retail industries in the United States and internationally. The company operates through two segments: Hospitality and Retail. The Hospitality segment provides point-of-sale systems and integrated back-office systems, self-service kiosks, site management technology, customer loyalty programs, electronic gift card management, reporting and systems management, and centralized data management for fast food/quick service restaurants, table service restaurants, and entertainment operators. The Retail segment provides store and office-oriented technologies for the automation of retail businesses spanning from small stores to global networked chains. It provides software, hardware, and services, either as turn-key solutions or as point-solutions. This segment's solutions include point-of-sale systems, integrated back-office systems, fuel controllers, self-service kiosks, site management technology, payment processing, systems management, and centralized data management. The company sells its products through its sales force, as well as through third-party resellers. Radiant Systems was founded in 1985 and is headquartered in Alpharetta, Georgia.
CityView Corporation Ltd.
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(OTCBB:CTVWF) Current Price (0.34) PERTH, AUSTRALIA--Nov 8, 2007 -- CityView Corporation Ltd. (OTC BB:CTVWF.OB - News)(ASX:CVI.AX - News)(FWB: C4Z), is pleased to announce it has increased its working stake in both the Longonjo Metals and Ucua Beryllium projects from 74% to 79%. The 79% working interest equates to a net project ownership interest of 55.3%. City View Corporation Ltd. is an exploration and development company. It is management's objective to grow CityView into a significant uranium, beryllium, oil and gas project by developing its interest in Angola. The company trades on the OTCBB market under the symbol "CTVWF" and on the Australian Exchange under the symbol "CVI". For more information please visit the company's web site at: www.cityviewcorp.com
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