News / Finance
WhisperfromWallStreet.com Afternoon Stocks Being Promoted - INTELECOM INC.(Other OTC: IECM.PK) - KRAIG BIOCRAFT LABS (OTC BB: KBLB.OB) - MCRAE INDS CL B (AMEX: MRI-B)
InteleCom, Inc - Kraig Biocraft Laboratories, Inc - McRae Industries, Inc
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Afternoon Stocks Being Promoted
INTELECOM INC.(Other OTC: IECM.PK)
InteleCom, Inc. is located in Indianapolis, IN, and has been a leading provider of international Voice over Internet Protocol (VOIP) communications and is now the First Monetized Social Platform, My Social Income (MSI), whereby over 50% of the advertising and sales revenue from its two flagship products, the Web 2.0 Communication Suite and the Web Marketing Suite, are shared with its members.
Recently InteleCom announced the introduction of "1 Button to WiFi", an adapter that allows one to make cell phone calls internationally for only pennies per minute. The company recently followed that press release with an announcement that they will soon be selling a new "1 World 1 Phone" cell phone with advanced features.
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KRAIG BIOCRAFT LABS (OTC BB: KBLB.OB)
Kraig Biocraft Laboratories, Inc. announce that the scientific team is preparing to significantly ramp up the number of genetic insertions performed in the month of May. The team anticipates that the rate of DNA construct insertions in May will be double that which has been performed to date.
"We are now entering the next phase in which the team is reallocating recourses to genetic insertion,'' said CEO Kim Thompson. ``This is directly related to our recent development of new DNA constructs that are specifically targeted for the production of new fusion silk proteins. We intend to dramatically ramp up the number of insertions performed in order to gain the maximum benefit from the new insertion packets."
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MCRAE INDS CL B (AMEX: MRI-B)
McRae Industries, Inc. reported consolidated net revenues for the second quarter of fiscal 2009 of $16,591,000 as compared to $20,773,000 for the second quarter of fiscal 2008. Net earnings for the second quarter of fiscal 2009 amounted to $455,000, or $.26 per diluted Class A common share as compared to net earnings of $1,442,000, or $.64 per diluted Class A common share, for the second quarter of fiscal 2008.
Consolidated net revenues for the first six months of fiscal 2009 totaled $36,925,000 as compared to $42,078,000 for the first six months of fiscal 2008. Net earnings for the first six months of fiscal 2009 amounted to $1,667,000, or $.81 per diluted Class A common share as compared to net earnings of $3,291,000, or $1.43 per diluted Class A common share, for the
first six months of fiscal 2008.
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