Krispy Kreme Doughnuts Inc. (NYSE:KKD) reported financial results for the third quarter of fiscal 2011, ended October 31, 2010. Revenues increased 7.9% to $90.2 million from $83.6 million. Excluding the effects of refranchising Company stores, revenues rose 9.6%. Company same store sales rose 5.0%, the eighth consecutive quarterly increase. Operating income rose to $4.1 million from $633,000. Operating income for last year's third quarter reflected charges for the settlement of litigation and related legal costs totaling approximately $2.0 million ($0.03 per share). Net income was $2.4 million ($0.03 per share diluted) compared to a net loss of $2.4 million ($0.04 per share) in the third quarter last year.
Krispy Kreme Doughnuts, Inc. operates as a branded retailer and wholesaler of doughnuts and packaged sweets. It engages in owning and franchising Krispy Kreme doughnut stores, which make, sell, and distribute approximately 20 varieties of doughnuts, including various Original Glazed doughnuts.
American Video Teleconferencing Corp. (AVOT.PK) - Rare earth elements have become irreplaceable in clean tech, for instance in hybrid and electric vehicle motors, high-efficiency lamps, solar panels and wind turbines. They even play a key role in defense technologies which include cruise missiles, radar and sonar and precision-guided weapons.
Experts warn that the U.S. depends upon China for almost all of its supply of rare earths, and has let its own rare earth production languish despite possessing about 15 % of the world's reserves. A draft of a Chinese rare earths plan for 2009-2015 expresses that China's own industrial requirement could soon cause restrictions or bans on the export of rare earths.
AVOT previously reported that it has hired a French speaking geologist to search the archives of the Quebec Department of Mines for Rare Earths showings not on a current computer file. The company believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. The Province of Quebec is rated the number one jurisdiction in the world to carry out mineral exploration. The Quebec Government gives a rebate up to 45% for property expenditures.
The company will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects.'
SLS International Inc. (NYSE:SLS) declared a fourth quarter distribution of $0.4213 per share of Common Stock. Dividends on Common Stock will be paid on December 20, 2010. The $0.4213 per share dividend on the Common Stock is in accordance with the Fund’s earned distribution policy. The Fund’s investment manager is Columbia Management Investment Advisers, LLC (formerly known as RiverSource Investments, LLC), a wholly owned subsidiary of Ameriprise Financial, Inc. Columbia Management Investment Distributors, Inc. (formerly known as RiverSource Fund Distributors, Inc.) is the principal underwriter of the Columbia, Wanger, Columbia Acorn, RiverSource, Seligman and Threadneedle branded mutual funds.
ION Geophysical Corporation (NYSE:IO) reported the commencement of a new 3D multi-client seismic survey in the Marcellus shale play in central Pennsylvania. ION will manage and execute the entire program, providing a proven mix of survey design, planning and permitting, data acquisition using advanced technologies, data processing, and reservoir analysis from ION's GX Technology (GXT) imaging solutions subsidiary. ION has commenced mobilization for the 200-square-mile initial phase of the program. The Marcellus shale is one of the hottest unconventional gas plays in North America. In April 2009, the United States Department of Energy estimated the Marcellus to contain 262 trillion cubic feet (TCF) of recoverable gas, about 44 billion barrels of oil equivalent (BOE).
ION Geophysical Corporation provides geophysical technology, services, and solutions for the oil and gas industry worldwide. It operates in four segments: Land Imaging Systems, Marine Imaging Systems, Data Management Solutions, and ION Solutions.
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