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American Pacific Rim Commerce Group (APRM.OB)
American Pacific Rim Commerce Group recently announced earnings guidance for fiscal years 2011 and 2012. APRM expects to report net income attributable to operations of approximately $12,679,040 million for its fiscal year ending November 30, 2011 and $20,300,000 for 2012, respectively. Profit before interest expense, income taxes, depreciation and amortization is expected to be approximately $9.5 million for 2011 and $16.5 million for 2012.
In prepared remarks delivered to investors, Raymond Talarico, President, said, "Assuming full funding and build-out of our proprietary ecommerce platform mymyJ, the Company projects, for fiscal 2011 ending November 30, 2011 to report earnings of $12 to $13 million and total profit of $9 to $10 million, such guidance represents only a 1% share of total market and suggests a tremendous upside for our shareholders. "By revising our guidance upward we have aligned our expectations with increasingly positive market conditions being reported in China."
Another company highlight, American Pacific Rim Commerce Group recently debuted of a new corporate website including flash presentation of its proprietary ecommerce platform, mymyj.com. APRM markets "Made-in-the-USA" products and services manufactured by U.S. Small & Medium Size Businesses (SME) to consumers in Hong Kong and China through its proprietary e-commerce platform.
APRM is a first mover in the market, providing SME's transactional-based solutions; promotions, sales, logistics and currency conversion, that will establish its backbone as the leading on-line marketplace between Chinese consumers and U.S. SME's. Following successful beta-testing, APRM anticipates launching 'mymyj' (loosely translated); "Buy & Sell Festival" to Chinese consumers in December.
American Pacific Rim Commerce Group, a development stage company, focuses to provide an ecommerce platform to promote commerce between the U.S. small and medium businesses and Chinese businesses and consumers. APRM intends to offer Chinese customers an opportunity to buy 'Made in the USA' American products from its online portal and visible platforms in China. APRM is based in Citra, Florida.
To learn more about APRM visit: http://www.aprcg.com
Pride International, Inc. (NYSE:PDE) reported income from continuing operations, net of tax, for the three months ended September 30, 2010 of $42.8 million, or $0.24 per diluted share. Results for the quarter included refinancing charges totaling $16.7 million, or $0.06 per diluted share, resulting from the early retirement of debt associated with the refinancing transactions that occurred during the quarter.
Pride International, Inc. provides offshore contract drilling services to oil and natural gas exploration and production companies.
Smart Balance, Inc. (Nasdaq:SMBL) recently announced its financial results for the third quarter ended September 30, 2010. Net sales were $59.9 million in the third quarter of 2010, compared to net sales of $59.8 million in the third quarter of 2009. Earnings per share increased to $0.03 in the third quarter of 2010, compared to earnings per share of $0.02 in the year-ago period.
Smart Balance, Inc. distributes various food products in the United States and internationally. Its Smart Balance brand products include buttery spreads and butter blend sticks, peanut butter, cooking oil and cooking sprays.
United Fire & Casualty Company (Nasdaq:UFCS) reports our financial results for the third quarter and first nine months of 2010.
Net income of $0.14 per diluted share for the third quarter of 2010, compared with net loss of $0.38 per diluted share for the third quarter of 2009.
Book value per share increased $0.91 from June 30, 2010, and increased $2.38 to $27.73 since December 31, 2009.
United Fire & Casualty Company, together with its subsidiaries, engages in writing property, casualty, and life insurance; and selling annuities in the United States.
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