SmallCapReview.com has been a leading site for information on small cap stocks, penny stocks and microcaps since 1999, to receive the free SmallCapReview newsletter visit http://www.smallcapreview.com.
Food Technology Service (Nasdaq: VIFL) $3.22, Up $1.22. Today announced financial results for the year ending December 31, 2009. The Company had revenue of $2,515,978 in 2009 which is comparable to the $2,507,078 realized in 2008. Income before taxes was $559,358 in 2009 compared to $505,387 in 2008, an increase of about 10.7 per cent. Income per share before taxes was $0.203 for 2009 compared to $0.183 for 2008.
The Company periodically evaluates the value of tax-loss carry-forward credits on its financial statements as required by Generally Accepted Accounting Principles. In 2008, the Company increased the value of the tax-loss carry-forward credits which increased net income in 2008 and stockholders equity at December 31, 2008 by $525,000. Based on increased profitability in 2009 and potential future profitability, the Company again increased the value of the tax-loss carry-forward credits which increased net income in 2009 and stockholders equity at December 31, 2009 by $139,000. Due to the tax credit adjustments, the Company had net income of $698,358 or $0.253 per share in 2009 compared to net income of $1,030,387 or $0.374 per share in 2008.
What They Do: Food Technology Service, Inc. provides irradiation services for food items, medical products and consumer goods to enhance the safety of those products.
Socket Mobile (Nasdaq: SCKT) $3.22, Up $1.20. Today announced with 3M Track and Trace Solutions that it will provide a flexible, easy and secure method of tracking, locating and managing assets. This 3M Asset and Inventory Tracking System solution will be composed of 3M software, 3M RFID or barcode tags and Socket hardware including the Socket SoMo 650 handheld computer and the dual-function Socket CompactFlash RFID Reader-Scan Card 6P.
"The Socket SoMo 650 and CF RFID Reader-Scan card combination is a powerful tool for mobile asset management and satisfies our requirements in terms of a wireless handheld reader for the 3M Asset and Inventory Tracking System," said Tom Mercer, Market Development Supervisor at 3M Track and Trace Solutions.
What They Do: With more than 15 years of experience in the Automatic Identification and Data Capture market, Socket makes mobile computing and productivity work.
Microsemi Corporation (Nasdaq: MSCC) $16.90, Up $0.28. Today announced that it has entered into a definitive agreement to acquire White Electronic Designs Corporation (Nasdaq: WEDC) $6.97, Up $1.51 through a cash tender offer at $7.00 per share for a net transaction value of approximately $100 million, net of White Electronic's projected cash balance at closing.
White Electronic is a leader in design, assembly, and test integration. They have extensive offerings and experience in Multi-Chip-On-Board solutions that are integrated into Defense and Aerospace applications. Their technology integrates surface mount technologies, microelectronics, and Anti Tamper technologies into one solution. Their market focus is where size, weight, and performance create a market advantage. A significant area of market expansion where they have developed unique technology is in the Anti Tamper market. This market is expanding rapidly as every major weapon system now requires this feature.
What They Do: Microsemi Corporation is a leading designer, manufacturer and marketer of high performance analog and mixed-signal integrated circuits, high reliability semiconductors and RF subsystems.
What They Do: White Electronic delivers sophisticated multi-chip semiconductor packages, high-efficiency memory devices, and build-to-print electromechanical assemblies for defense and aerospace applications.
About SmallCapReview
Copyright SmallCapReview. SmallCapReview.com is a leading site for news on small-caps, penny stocks and microcaps. SmallCapReview has built a loyal opt-in following for their investor products by providing a newsletter at no cost, sent to subscribers, highlighting select stocks in play, to register visit http://www.smallcapreview.com. To follow us on Twitter visit http://twitter.com/SmallCapReview.
