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SNAP Interactive (OTCBB: STVI) Closed at $0.75. Announced Friday that the Company was the subject of a feature article on Knobias.com.
As excerpted from the article:
The Company has already become profitable despite an early focus on user growth ahead of monetization. Its revenues have increased for each of the past five quarters while its operating costs remain low. SNAP reported $533,257 in revenue for the quarter ended June 30, 2008. The Company has issued revenue guidance for Q3 of $870,000, a 63% quarterly increase over Q2.
Clifford Lerner, Chairman and CEO of SNAP Interactive, explained to Knobias, "We have a total of 17 million installations and about 1.4 million visits a day to its applications. About 14-15 million of the 17 million users are currently on Facebook, so a major opportunity for growth exists on the other social networks."
SNAP is also exploring other opportunities that exist in mobile industry with the emergence of the iPhone, Blackberry and Android. There are very few companies that have the ability to build a critical mass of users on a mobile dating application. The Company is in a good position with its 17 million users that have all come from social networks and are a younger demographic that would use these applications.
What They Do: SNAP Interactive, Inc. is a leading provider of online dating applications for social networking websites. SNAP has developed two dating applications built on Facebook® Platform which have in excess of 15 million installations, and has also launched dating applications on MySpace Developer Platform & Hi5 Developer Platform. Our applications are called 'Are You Interested,' 'Meet New People,' and 'Flirt With Me.'
How They Trade: STVI has a 52 week high of $2.65 and a 52 week low of $1.09.
Boeing (NYSE: BA) Closed at $41.04. Along with the Society of Professional Engineering Employees in Aerospace (SPEEA) IFPTE Local 2001 announced after market close Friday that they have reached a tentative agreement on new four-year contracts covering 21,000 engineers and technical workers.
The two sides reached agreement early Friday. Union negotiators are recommending members approve the agreements. If approved by union members, the agreements will replace existing contracts that expire Dec. 1.
Two contracts are involved in the negotiations. The first covers 14,000 engineers in the SPEEA Professional Bargaining Unit. The second contract covers 7,000 technical workers in the union's Technical Bargaining Unit. While the majority of workers are in the Puget Sound region, the contracts cover employees in Oregon, Utah and California. Both contracts expire Dec. 1.
What They Do: The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. It operates in five segments: Commercial Airplanes, Precision Engagement and Mobility Systems (PE&MS), Network and Space Systems (N&SS), Support Systems, and Boeing Capital Corporation (BCC).
How They Trade: BA has a 52 week high of $94.60 and a 52 week low of $39.07.
The Brink's Company (NYSE: BCO) Closed ta $21.06. Announced after market close Friday the sale of certain coal assets to Massey Energy Company for $9.4 million in cash and the buyer's assumption of approximately $5 million in related leasehold and reclamation liabilities. Massey also has agreed to purchase other lower-valued coal assets and related rights from Brink's pending satisfaction of certain conditions.
What They Do: The Brink's Company is a global leader in security-related services that operates Brink's, Incorporated, the world's premier provider of secure transportation and cash management services.
How They Trade: BCO has a 52 week high of $74.61 and a 52 week low of $20.49.
Almost Family (Nasdaq: AFAM) Closed at $45.53. Announced after market close Friday an agreement to acquire the assets of the Medicare-certified home health agency owned by Fairfield Medical Center located near Columbus, OH.
The agency generated approximately $1.2 million of Medicare revenue in 2007. Terms of the transaction were not disclosed.
What They Do: Almost Family, Inc., founded in 1976, is a leading regional provider of home health nursing services, with branch locations in Florida, Kentucky, Connecticut, New Jersey, Ohio, Massachusetts, Alabama, Missouri, Illinois, Pennsylvania, and Indiana (in order of revenue significance). Almost Family, Inc. and its subsidiaries operate a Medicare-certified segment and a personal care segment. Altogether, Almost Family operates over 90 branch locations in 11 U.S. states.
AFAM is currently a Focus Stock at SmallCapReview.com.
How They Trade: AFAM has a 52 week high of $53.85 and a 52 week low of $16.60.
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