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.
Matthew Szulik, chairman of Red Hat, Inc. (NYSE: RHT) Closed at $10.48. was named the Ernst & Young Entrepreneur Of The Year 2008 overall national winner. He was also named the Ernst & Young Entrepreneur Of The Year® 2008 national winner in the Technology category. Now in its 22nd year, the awards recognize leaders and visionaries who demonstrate innovation, financial success and personal commitment as they create and build world-class businesses.
What They Do: Red Hat, Inc., together with its subsidiaries, provides open source software solutions to enterprises. Its solutions include Appliance Operating System comprising virtual appliance development kit for enabling independent software vendors to configure the operating system, middleware, and applications; Cloud Computing, a Web-scale virtual computing environment to develop and host applications; Datacenter, a secure data center platform; Database Availability, a platform enabling existing databases to deliver the reliability of a conventional clustered database; and Red Hat Enterprise MRG, which provides messaging that is faster and implements AMQP, an open messaging standard for interoperability.
How They Trade: RHT has a 52 week high of $24.84 and a 52 week low of $10.00.
Biodel Inc. (Nasdaq: BIOD) Closed at $2.35. Announced on Saturday positive effects of VIAject insulin on microvascular function in patients with Type 2 diabetes which were superior to results seen with regular human insulin and insulin lispro. Professor Thomas Forst, MD, Institute for Clinical Research and Development (IKFE), Mainz, Germany, and principal investigator of the study, presented the findings today at the Eighth Annual Diabetes Technology Meeting in Bethesda, MD.
What They Do: Biodel Inc. is a specialty biopharmaceutical company focused on the development and commercialization of innovative treatments for endocrine disorders, such as diabetes and osteoporosis. Biodel's product candidates are developed by using VIAdel™ technology, which reformulates existing FDA-approved peptide drugs.
How They Trade: BIOD has a 52 week high of $25.69 and a 52 week low of $1.62.
Global Cash Access Holdings (NYSE: GCA) Clsoed at $2.81. Announced Saturday that the Company will be presenting at the Deutsche Bank Gaming Investment Forum on Monday, November 17, 2008 at the Las Vegas Convention Center in Las Vegas, NV. The presentation will begin at 10:00am PST.
What They Do: Global Cash Access, a wholly owned subsidiary of Global Cash Access Holdings, Inc., is a leading provider of cash access products and related services to over 1,100 casinos and other gaming properties in the United States, Europe, Canada, the Caribbean and Asia.
How They Trade: GCA has a 52 week high of $8.64 and a 52 week low of $2.46.
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