Radiant Systems, Inc. (NASDAQ:RADS), announced recently financial results for the third quarter ended September 30, 2010.
“Our results continue to reflect a good balance of current quarter performance and long term investment,” said Mark Haidet, the Company’s chief financial officer. “Our adjusted operating margin was 14% while we generated $9.8 million in cash from operations and free cash flow of $7.5 million during the quarter.”
Radiant Systems, Inc. engages in the development, installation, and delivery of solutions for managing site operations in the hospitality and retail industries primarily in Africa, Asia, Australia, Europe, Latin America, the Middle East, North America, and South America. It operates in two segments: Hospitality and Retail.
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PTS, Inc. (PTSH.OB) previously reported that through its ThinLine division has signed a 3-year Voice Over Internet Protocol (VOIP) contract with MC Universal Art (www.greatamericanart.com).
MC Universal Art has been designing and installing quality framed art for over 30 years. They are a leading provider of wholesale and retail art frames, fine art prints, signed limited additions, as well as providing interior design consulting services. MC Universal Art works with leading interior designers, architects, and office furniture dealers - they help their wholesale clients achieve an environment that drives the image and identity they want to project for customers.
MC Universal Art is expanding its office and manufacturing infrastructure and required a scalable communications system that can handle their growth without effecting customer service. They also had a need to insure that their IT architecture would not be impacted with their communication upgrade.
In other company news: Following several queries from the investment community, PTSH explains the relationship with ThinLine and addresses its “70% ownership”. Raj Kalra, CEO of PTSH explains, “PTSH purchased my 70% ownership of ThinLine in a Share Exchange Agreement last week. In exchange of my 70% ownership I received restricted shares of PTSH stock. ThinLine has two owners, PTSH (70%) and a second party (30%). ThinLine is a subsidiary of PTSH, owning 70% therefore shall receive 70% of the profits. In respect to why the deal won’t close until December 31, 2010 is due to two factors: 1) ThinLine has approx 70 days to complete SEC audits and; 2) PTSH has its year end 12/31/10, and it makes for easier accounting. For all intensive purposes it is business as usual for PTSH and ThinLine since the merger.
For more information about this company please visit http://www.ptspi.com
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Radio One, Inc. (NASDAQ:ROIAK) previously reported that it has amended certain of the terms of its pending exchange offer relating to its 8-7/8% Senior Subordinated Notes due 2011 (the “2011 Notes”) and its 6-3/8% Senior Subordinated Notes due 2013 to reduce the minimum tender condition relating to its 2011 Notes to provide that a minimum of 90% in aggregate principal amount outstanding of the 2011 Notes be validly tendered and not withdrawn. The other minimum tender condition that at least 95% of the combined aggregate principal amount outstanding of the 2011 Notes and the 2013 Notes be validly tendered and not withdrawn remains unchanged. The Company has obtained the required consent under the Support Agreement between it and certain holders of its Existing Notes to reduce the minimum tender condition relating to the tender of the 2011 Notes.
Radio One, Inc. operates as an urban-oriented multi-media company in the United States. It principally engages in the radio broadcasting operation that primarily targets African-American and urban listeners.
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RadioShack Corporation (NYSE:RSH) recently announced that its Board of Directors has declared an annual cash dividend of $0.25 per share on the Company’s common stock, payable on December 16, 2010. The dividend is payable to stockholders of record at the close of business on November 26, 2010.
RadioShack Corporation is a leading national retailer of innovative mobile technology products and services, as well as products related to personal and home technology and power supply needs. The Shack offers consumers a targeted assortment of wireless phones and other electronic products and services from leading national brands, exclusive private brands and major wireless carriers, all within a comfortable and convenient shopping environment. RadioShack employs approximately 35,000 people globally, including a team of friendly and helpful sales experts who are recognized for delivering the best customer service in the wireless industry.
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