China Wind Systems released its third quarter figures Friday. Net revenues increased to $11.8 million or 47.1 percent from September to September 2008 and gross profits grew 24.8 percent in the same time period to $30 million.

Some companies working to enter a market go the route of establishing a manufacturing base and sales force. Others innovate and sell ideas to more established companies in that marketplace. Still others, however, bide their time looking for the right opportunity, capitalizing on other’s ground work, successes and missteps.

SpongeTech® Delivery Systems, Inc., creator of patented soap-releasing hydrophilic sponges, is getting together with entertainment giant Nickelodeon & Viacom Consumer Products to produce and distribute a line of soap and sunscreen infused sponges for kids.

If you’ve ever lost a cell phone, you’ll be happy to hear that Location Based Technologies’ PocketFinder® personal locator service is now available for download to Google Android based smartphones. The company is ready to release the service to the T-Mobile G1, the first mobile phone to use the Android open standard mobile device platform.