Bluewave Group, Inc. (OTCBB: BLEW)
FT. LAUDERDALE, FL -- 04/28/10 -- Bluewave Group, Inc. (OTCBB: BLEW) is pleased to announce that the company has undertaken a comprehensive program to fight what it believes to be the active shorting of the company's common stock, through the RegSho listing provided by FINRA.
The company has received information leading it to believe that certain market makers are shorting a significant portion of the company's stock. Excessive shorting can cause material damage to shareholder interests and as matter of fiduciary responsibility; the company has decided to take the following steps:
1) We are in the process of changing the transfer agent of the company. 2) All insiders have agreed to put their shares in certificated form. 3) The management will consider a share reduction next week. The company expects to have significant business developments to announce, and intends to announce those as soon as it is able to implement its plan to address the short selling. We anticipate a steady flow of updates through next week.
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Technical Communications Corporation (OTCBB: TCCO)
CONCORD, Mass—April 28-- Technical Communications Corporation (OTCBB: TCCO) today announced its results for the fiscal quarter ended March 27, 2010. For the second quarter of the Company's 2010 fiscal year, the Company reported a net loss of $(87,000), or $(0.05) per share, on revenue of $3,576,000, as compared to net income of $225,000, or $0.16 per share, on revenue of $2,056,000 for the quarter ended March 28, 2009. For the six months ended March 27, 2010, the Company reported net income of $2,269,000, or $1.48 per share, on revenue of $8,340,000, as compared to net income of $431,000, or $0.30 per share, on revenue of $3,900,000 for the six months ended March 28, 2009.
Commenting on corporate performance, Carl H. Guild, Jr., President and Chief Executive Officer of TCC said, "We are pleased that our financial results continue to be positive. The second quarter resulted in an increase in revenue and operating income. There was however a net loss due to the need to record an income tax provision upon the expected utilitzation of our prior year NOL's based on a revised forecast for the fiscal year driven by recent orders. As previously reported, the Company recently received orders valued at approximately $9.7 million for a major expansion of its DSP 9000 RF Encryption System to be deployed in Afghanistan. Net income before income taxes was $923,000 for the quarter ended March 27, 2010 as compared to $225,000 for the quarter ended March 28, 2009."
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Applied DNA Sciences, Inc. (OTCBB: APDN)
STONY BROOK, NY-- 04/28/10 -- Applied DNA Sciences, Inc. (OTCBB: APDN), a DNA security solutions company, today announced that its Annual Meeting of Stockholders will be held on Tuesday June 29, 2010 at 10:00 AM EDT at the Charles Wang Center in Stony Brook, New York. APDN also announced that its Board of Directors has set the close of business on Friday April 30, 2010 as the record date for determining who may vote at the meeting. All stockholders as of the record date are invited to attend the Annual Meeting where Dr. James Hayward, President and CEO will discuss the latest accomplishments of the company.
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Neoprobe Corporation (OTCBB: NEOP)
DUBLIN, Ohio—April 28-- Neoprobe Corporation (OTCBB: NEOP), a diversified developer of innovative biomedical surgical oncology products, today announced consolidated results for the first quarter of 2010. First quarter 2010 revenues were $2.7 million, consistent with the record revenue reported for the first quarter of 2009. Gross profit for the first quarter of 2010 was $1.8 million, compared to $1.9 million for the first quarter of 2009. Operating expenses increased to $3.5 million for the first quarter of 2010 from $2.1 million for the first quarter of 2009. Neoprobe's loss from operations for the first quarter of 2010 was $1.7 million compared to $203,000 for the first quarter of 2009.
For the first quarter of 2010, Neoprobe reported a net loss attributable to common stockholders of $2.5 million, or $0.03 per share, compared to net income attributable to common stockholders of $754,000, or $0.01 per share, for the first quarter of 2009. As discussed more fully below, the first quarter 2009 net income attributable to common stockholders was primarily due to mark-to-market adjustments related to derivative accounting treatment required for certain financial instruments on the Company's balance sheet
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Denarii Resources Inc. (OTCBB:DNRR)
CARSON CITY, Nev., April 28, 2010 -- Dennis Lorrig, the President and CEO of Denarii Resources Inc. (OTCBB:DNRR) is pleased to announce that the company has successfully negotiated with Struans Group, Inc.( www.struansinc.com) of Carlsbad, California (with offices in London, England and Munich, Germany) for consulting purposes. Mr. Lorrig stated; "Through Struans Group, Inc.'s vast relationships in the precious metal commodity and mining sector, Denarii feels confident in its ability to secure private placement financing that will assist in start-up production of the company's Lota Bay, Chile coal recovery project. The Private Placement will also make available funds to enter into agreements to acquire precious and strategic metal properties that our management and the company's professional advisors have recommended."
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