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CrowdGather (OTCBB:CRWG)
WOODLAND HILLS, Calif.—May 14-- One of the leading networks of forum communities on the Internet, CrowdGather (OTCBB:CRWG), today announced that Sanjay Sabnani, CEO, will be presenting at the Source Capital Group Small Cap Virtual Conference at 2:00pm EDT on May 19, 2010. The presentation will provide a corporate overview, including Company update and future outlook.
The Source Capital Group Small Cap Virtual Conference will showcase emerging small and micro cap companies in a live forum with a question and answer session to follow the presentation. The virtual conference will be held from May 18-19, 2010 and will be broadcast at the conference website (http://sourcegrp.com/conference/confsect2.html). Shareholders, potential investors, analysts, brokers, and industry professionals are encouraged to attend by visiting the conference website.
Investors interested in additional information or scheduling a one-on-one conversation with CrowdGather, Inc. can visit www.sourcegrp.com/conference/confsect6.html or contact Matthew Buttner at MButtner@sourcegrp.com 203-341-3500 ext. 237.
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Alternate Energy Holdings, Inc. (OTCBB:AEHI)
BOISE, Idaho, May 14, 2010 -- Alternate Energy Holdings, Inc. (OTCBB:AEHI) announced today that Dan Hamilton, Director of Corporate Communications, will be presenting at the Source Capital Group Small Cap Virtual Conference on Wednesday, May 19, 2010 at 10:15 am EDT. The presentation will provide a corporate overview of AEHI holdings, including a plan to build an independently-owned nuclear power plant and future outlook on projects ranging from Energy Neutral(TM) homes to nuclear desalinization reactors.
The Source Capital Group Small Cap Virtual Conference will showcase emerging small and micro cap companies in a live forum with a question and answer session to follow the presentation. The virtual conference will be held from May 18-19, 2010 and will be broadcast at the conference website (http://sourcegrp.com/conference/confsect2.html). Shareholders, potential investors, analysts, brokers, and industry professionals are encouraged to attend by visiting the conference website.
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Americas Energy Company-AECo (OTCBB: AENY)
KNOXVILLE, Tenn.--(May 14)-- Americas Energy Company-AECo (OTCBB: AENY) is pleased to announce that its Artemus Project has sold the first coal production to a major Southern Utility Company on a test delivery.
"The test order is 20,000 tons each for the months of May and June. The order will be mined in the Jellico coal seam by our contract miner Black Diamond Energy," said Chris Headrick, President and CEO of Americas Energy Company. Mr. Headrick added, "Upon the successful completion of our test period we will enter into a contract for 20,000 tons per month for the balance of this year as well as 2011 and 2012."
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Redpoint Bio Corporation (OTCBB: RPBC)
EWING, N.J.--(May 14)-- Redpoint Bio Corporation (OTCBB: RPBC), a company focused on the development of healthier foods and beverages and new approaches to the treatment of diabetes and obesity, today announced financial and operational results for the first quarter ended March 31, 2010.
For the quarter ended March 31, 2010, Redpoint did not record any revenue. For the quarter ended March 31, 2009, Redpoint reported revenue of $1.1 million, which included $0.9 million from the Company's prior collaboration with Givaudan.
Research and development expenses for the first quarter of 2010 were $0.8 million, compared to $1.9 million for the first quarter of 2009. The decrease in expenses was primarily attributable to the reductions in staff that the Company announced in February and May 2009.
Redpoint reported a net loss for the first quarter of 2010 of $1.7 million, or $0.02 per share, compared to $2.5 million, or $0.03 per share, for the first quarter of 2009.
Redpoint held cash and cash equivalents of $4.1 million at March 31, 2010. The Company believes that its current capital resources are sufficient to meet its operating and capital requirements through November 2010.
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New Energy Systems Group (OTC Bulletin Board: NEWN)
NEW YORK and SHENZHEN, China, May 14 -- New Energy Systems Group (OTC Bulletin Board: NEWN) ("New Energy" or the "Company"), a vertically integrated original design manufacturer and distributor of lithium ion batteries and backup power systems, today announced financial results for the quarter ended March 31, 2010.
First Quarter 2010 Highlights:
-- Revenue increased 753% to approximately $22.5 million
-- Gross profit increased 801% to approximately $6.4 million
-- GAAP EPS increased 235% to $0.30 per diluted share
-- Adjusted EPS increased 297% to $0.37 per diluted share
-- Generated $6.6 million of cash flow from operations
-- Reaffirms 2010 adjusted EPS guidance of $1.23 per diluted share
Mr. Nian Chen, New Energy's new Chief Executive Officer, commented, "We are extremely pleased with our first quarter 2010 results, which is the first quarter that includes the full impact of the recent Anytone and NewPower acquisitions. Our strong results this quarter reflect not only rapid organic growth within each of our businesses, but also the successful integration and benefits of these accretive acquisitions which significantly transformed our company. Specifically, Anytone brings significant R&D capabilities and expands our offering to include higher margin end-user branded products. NewPower provides us a captive source for battery components that enables us to keep costs below our competitors' and improve margins in our direct-to-consumer and finished battery distribution businesses. Given the positive trends in the consumer electronics market, we continue to see increasing demand for our products. We are well positioned to capitalize on this demand due to our reputation for producing high quality and innovative products. We continue to generate strong free cash flow, have a solid balance sheet, and have unused manufacturing capacity, which will allow us to continue growing without incurring significant capital expenditures."
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