HiSoft Technology International Ltd. (NASDAQ:HSFT), announced its unaudited financial results for the fourth quarter and full year 2011 ended December 31, 2011. Revenues from the Company's top three, top five and top ten clients accounted for 21.8%, 31.6% and 45.2% of net revenues, respectively, during the fourth quarter of 2011, compared to 28.4%, 38.2% and 54.1%, respectively, for the corresponding period in 2010. Gross profit was US$23.5 million for the fourth quarter of 2011, an increase of 53.3% from US$15.4 million for the corresponding period in 2010. During the fourth quarter of 2011, gross margin remained relatively stable at 36.2% compared to 36.1% for the corresponding period in 2010.
HiSoft Technology International Limited, through its subsidiaries, provides outsourced information technology (IT), and research and development services in Asia, North America, and Europe.
Crown Equity Holdings Inc. (CRWE)
Crown Equity Holdings Inc. (CRWE.OB) www.crownequityholdings.com, recently announced that it has launched two new online service companies. CRWE Direct and CRWE Real Estate.
With expertise in online solutions and marketing, Crown Equity Holdings Inc. has launched CRWE Real Estate (www.crwerealestate.com) to provide a global portal for property listings at a fee of only $1 a day. The other is CRWE Direct (www.crwedirect.com), an online business-to-business (B2B) marketplace for manufacturers and small to large businesses to purchase various types of merchandise. Manufacturers may start downloading their product immediately, free of charge during the next six months. Thereafter, there will be various annual fees. The listing process and image loading for both sites are user-friendly.
Commenting on the launch, "The 2010 U.S. Census data shows estimates for B2B revenues transacted online at approximately US $300 billion," said Kenneth Bosket, Crown Equity Holdings Inc. President and CEO. "With B2B e-commerce on the rise, the launching of CRWE Direct, as well as CRWE Real Estate is a great opportunity."
Crown Equity Holdings Inc. offers advertising branding and marketing services as a worldwide online multi-media publisher with its digital network of websites and focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. For more information visit www.crownequityholdings.com.
CRWE Direct is an international leader in wholesale business transactions between buyers and sellers worldwide.
CRWE Direct, a subsidiary of Crown Equity Holdings Inc., was created to bring business communities from similar and different continents together online, enabling a cost effective access point for bulk products to be bought, sold and shipped in a timely manner.
Buyers and sellers can register for free at CRWE Direct and get integrated immediately into the global business network with various advertising and marketing strategies at their disposal.
Crown Equity Holdings, Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers. Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.
Compared to traditional retail shopping, the Internet makes it easier for buyers to compare two items side-by-side. Buyers can even look at both items at the same time on the same computer screen, along with a list of features and details about each option. This can be much easier than trying to remember the features of one item while shopping at another store. In addition, customer feedback can give an online buyer valuable information about a product's quality or a seller's customer service.
For more information, please visit their website: http://www.crownequityholdings.com
WebMediaBrands Inc. (Nasdaq:WEBM) reported results for the fourth quarter and full year ended December 31, 2011. Revenues for the fourth quarter of 2011 were $3.4 million compared to revenues of $2.7 million for the same period in 2010, an increase of 26%, and included $584,000 from Inside Network, which we acquired in May 2011. Revenues from education and advertising, excluding the impact of the Inside Network acquisition, increased 43% and 17%, respectively, compared to the same period last year. Inside Network's market research and data services business, which includes AppData, contributed $397,000 in revenues during the fourth quarter of 2011.
WebMediaBrands Inc., an Internet media company, provides content, education, and career services to media and creative professionals through a portfolio of vertical online properties, communities, and trade shows.
Image Sensing Systems, Inc. (NASDAQ:ISNS), announced the results for its fiscal year and fourth quarter ended December 31, 2011. The results include the previously announced restructuring charge and an adjustment for the CitySync earn-out and, for the year, they also include the non-cash goodwill impairment charge incurred in the third quarter. Revenue for the year ended December 31, 2011 was $30.5 million compared to $31.7 million for 2010, while revenue for the fourth quarter of 2011 was $8.9 million compared to $10.6 million for the same period a year ago. Revenue from royalties was $13.0 million for 2011 compared to $12.5 million in 2010 and $4.0 million in the fourth quarter of 2011 compared to $3.3 million in the same period of 2010. Product sales were $17.5 million for 2011 compared to $19.2 million in 2010 and were $4.9 million in the fourth quarter of 2011 compared to $7.3 million in the same period in 2010. World-wide, RTMS and CitySync product sales for the year ended December 31, 2011 were $7.4 million and $5.7 million, respectively, and for the fourth quarter of 2011 were $1.6 million and $1.0 million, respectively.
Image Sensing Systems, Inc., a technology company, provides software-based detection solutions for the intelligent transportation systems (ITS) sector and adjacent markets, including security, police, and parking in North America, Europe, and the Asia Pacific.
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