Mad Catz Interactive Inc. (AMEX:MCZ) is a leading global provider of innovative products for the interactive entertainment industry. Mad Catz develops and markets accessories for videogame systems and PCs under its Mad Catz (casual gaming), Saitek (simulation), Cyborg (pro gaming), Eclipse (home and office) and Tritton (gaming audio) brands.
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MCZ reported record quarterly financial results for its fiscal 2011 third quarter ended December 31, 2010.
For the quarter ended December 31, 2010, Mad Catz generated net sales of $93.0 million, the highest quarterly sales in the Company’s history and a 90.6% increase from net sales of $48.8 million in the fiscal 2010 third quarter. Net sales in North America, the Company’s largest market, grew 129.6% to $56.4 million in the fiscal 2011 third quarter, while net sales to Europe increased 52.9% year-over-year to a record $35.1 million. Gross profit in the fiscal 2011 third quarter rose 65.6% to $26.4 million from the prior year period while gross profit margin declined by 4.3 percentage points to 28.4%, primarily due to a shift in the Company’s sales mix which included higher levels of licensed products.
In the fiscal 2011 nine-month period ended December 31, 2010, the Company generated record net sales of $150.3 million, a 62.0% increase from the $92.7 million in the first nine months of the prior fiscal year.
Mad Catz also operates e-commerce and content websites for videogame and PC products under its GameShark brand, develops, manufactures and markets proprietary earphones under its AirDrives brand, and publishes and distributes video/PC games.
For more information about this company please visit http://www.madcatz.com
Commercial Vehicle Group Inc. (NASDAQ:CVGI) announced that it has acquired substantially all of the assets of Bostrom Seating, Inc. (”Bostrom”), a seat supplier to the North American heavy truck, aftermarket, bus and specialty vehicle markets. Bostrom, a division of Accuride Corporation, Inc. (NYSE:ACW), has one owned manufacturing facility in Piedmont, Alabama which employs approximately 135 associates and an engineering office in Wixom, Michigan. “This acquisition further expands our North American presence in certain key end markets and enhances our overall aftermarket position with the addition of the Bostrom Seating brand of products,” said Mervin Dunn, President and Chief Executive Officer of Commercial Vehicle Group. “Bostrom’s product offering and position in the commercial vehicle seating market, along with our existing operations and strong National and KAB Seating brands make this a strategic opportunity for us. We look forward to working with Bostrom’s employees, customers and suppliers as we move forward together,” added Dunn.
Commercial Vehicle Group, Inc., together with its subsidiaries, designs and manufactures integrated system solutions for the commercial vehicle markets worldwide.
National Health Partners, Inc. (NHPR.OB) is a national healthcare savings organization that provides discount healthcare membership programs to uninsured and underinsured people through a national healthcare savings network called “CARExpress.”
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National Health Partners provides their members with access to over 1,000,000 healthcare providers through our agreements with CareMark, Aetna Dental Access NetworkSM, Optum, Integrated Health, Three Rivers and International Med-Care, which are some of the largest and most prestigious national healthcare networks in the country. These providers represent more than 70% of all practicing doctors and surgeons, 65% of all acute care hospitals and 95% of all pharmacies in the United States.
The US healthcare sector includes more than 780,000 hospitals, doctor offices, emergency care units, nursing homes, and social services providers with combined annual revenue of more than $2 trillion. (Source http://www.marketresearch.com/product/display.asp?productid=6069723 )
National Health Partners, Inc. is a national healthcare savings organization that provides discount healthcare membership programs to uninsured and underinsured people through a national healthcare savings network called “CARExpress.” CARExpress is one of the largest networks of hospitals, doctors, dentists, pharmacists and other healthcare providers in the country and is comprised of over 1,000,000 medical professionals that belong to such PPOs as CareMark and Aetna. The company’s primary target customer group is the 47 million Americans who have no health insurance of any kind. The company’s secondary target customer group includes the millions of Americans who lack complete health insurance coverage. The company is headquartered in Horsham, Pennsylvania.
For more information about this company please visit http://www.nationalhealthpartners.com
Furiex Pharmaceuticals, Inc. (NASDAQ:FURX) will release its fourth quarter 2010 financial results on Monday, February 21, 2011, after the market closes. The earnings news release will be available on the Furiex website at www.furiex.com. On Tuesday, February 22, 2011, at 9 a.m. ET, Furiex will conduct a live conference call and audio webcast to discuss financial results and product portfolio. A Q&A session will follow.
Furiex Pharmaceuticals, Inc., a drug development collaboration company, engages in the compound partnering business in the United States and Europe. It collaborates with pharmaceutical and biotechnology companies to increase the value of their early stage drug candidates.
Proper Power and Energy, Inc. (PPWE.OB) is an independent exploration and production company. The Company’s operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which the Company controls over 11,000 acres for its exploratory prospect.
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PPWE reported the next stage of its Western U.S. operations. The Company met with the executives of Thrust Resources Inc. and EQ Resources Inc.. The meeting focused on a joint venture for the Central Utah Prospect between the Companies. This was the initial meeting between Clint Brower, CEO and Chairman of EQ Resources, and Andrew Kacic, the newly named President of Proper Power & Energy Inc. Their next steps will be circulating a memorandum of understanding followed upon definitive agreements.
Also, Proper Power & Energy, Inc. wholly owned subsidiary, American Resources, Inc. (ARI), has begun production on its 87.5 acres in Western Kentucky. American Resources, Inc. has completed the re-work on all 4 wells, with those wells online and pumping.
In the United States, oil sands resources are primarily concentrated in Eastern Utah. With a total of 32 billion barrels (5.1×10^9 m3) of oil(known and potential) in eight major deposits in the Utah counties of Carbon, Garfield, Grand, Uintah and Wayne.
Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
For more information about this company please visit http://properpower.com/
Conceptus, Inc. (NASDAQ:CPTS) announced that the Company will release 2010 fourth quarter financial results on Thursday, February 24, 2011, after the close of market. Management will host an investment community conference call beginning at 4:30 p.m. Eastern time on February 24, 2011 to discuss the results and answer questions.
Conceptus, Inc. designs, develops, and markets minimally invasive devices for reproductive medical applications. It offers Essure, a permanent birth control system for women.
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