May 22 -
Renewable Energy Stocks Sector Close-Up as Oil Hits Over $130 Barrel; Recent Developments in Solar, Wind, Geothermal and Green Automotive Stocks
www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presented a sector close-up on recent news and developments in renewable energy stocks, as oil continues to set record highs.
Included in the Renewable Energy Sector Close-Up (as of May 21, 2008) was a look at XsunX, Inc. (OTCBB: XSNX), a solar technology company that recently announced it has signed an agreement with Praxair, Inc. (NYSE: PX) for the supply of bulk industrial gases for its new multi-megawatt thin film photovoltaic (TFPV) solar manufacturing facility near Portland, Oregon.
XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. For more information on the companyy, visit www.investorideas.com/co/xsnx/default.asp or www.xsunx.com.
May 22 - General Automotive Revenues Increase 51 Percent for First Quarter 2008
Substantial Sales Increase Reflects Growing Demand for Replacement Parts
General Automotive Company (OTCBB: GNAU) (“GA”), a provider of original equipment and aftermarket automotive parts, mobile electronics and related products, today reported financial results for its first quarter ended March 31, 2008.
Revenue for the 2008 first quarter rose 51% to $4.07 million from $2.69 million in the 2007 first quarter. Gross profit for the 2008 first quarter was $345,000 compared to $482,000 in the prior-year period. The company recorded a net loss of $504,000, or $0.07 per diluted share, compared to a net loss of $443,000, or $1.15 per diluted share, in the 2007 first quarter.
President and CEO Joe DeFrancisci commented, “Since General Automotive became a public company on February 22, 2008, we've focused on building a platform for the company's future growth. We're pleased with our revenue increase, which was driven by initiatives such as working more closely with our major distributor customers to satisfy the growing demand for engine replacement parts. In tougher economic times, consumers tend to keep their cars longer, increasing the need for the parts General Automotive supplies. We also greatly strengthened our balance sheet, reducing total liabilities from $12.125 million to $4.4 million.
“To increase the efficiency of our operations going forward, we've been expanding our Asia sourcing activities and supplier quality programs. All of these actions are putting General Automotive in a good position to execute our growth strategy going forward. Our plan is to grow both organically and via acquisition within the auto parts and accessories product market. Our focus is on finding and acquiring market leaders with strong growth potential for revenue and profit improvement and outstanding management teams.”
CFO Harry Christenson added, “Our selling, general and administrative expenses were consistent for the two comparative three-month periods ended March 31, 2008 and 2007. Although we achieved certain expense reductions in our day-to-day operations, they were offset by the new costs of being a public company of approximately $217,000. We recorded expenses of approximately $28,000 for the value of stock issued as compensation for services in the three months ended March 31, 2008 as compared to $312,000 in the same period of 2007. However, net loss improved by only approximately $148,000, due primarily to reduced gross profit margins.”
May 20 - General Automotive Announces Partnership With Edgetek
General Automotive Company (OTCBB:GNAU) ("GA"), a provider of original equipment and aftermarket automotive parts, mobile electronics and related products, today announced it has entered into a partnership with Edgetek Co., Ltd. to expand its OEM business.
Under the new agreement, GA will serve as the exclusive distributor for Edgetek's next-generation rear vision and navigation systems in North America. The combined systems, currently under development, will offer instant rear visibility to help prevent back-over or collision accidents while providing GPS navigation and Bluetooth hands-free functionalities using a single-touch panel LCD monitor. These systems can also accommodate a second camera that can be used for other purposes such as an in-cabin baby monitor or front-view parking assistance.
"Our partnership with Edgetek will help us bring an exciting new product with strong growth potential to our customers," said Joe DeFrancisci, President and CEO of General Automotive. "Edgetek has been working with one of our operating subsidiaries, Global Parts Direct, since 2004 and both our companies are dedicated to providing innovative, high-quality products, so it was an easy choice for our companies to partner."
May 20 -
Gerry Kaufhold, Founder and Analyst at In-Stat's Converging Markets and Technologies Information Research Service, Talks About USA Video Interactive Corp.
founder and Principal Analyst at In-Stat's Converging Markets and Technologies Information Research Service, was interviewed by www.DigitalMediaStocks.com, an investor and industry portal for the digital media sector within Investorideas.com. Digital media companies discussed in the interview include watermarking company USA Video Interactive Corp. (OTCBB: USVO) (CDNX: US.V), Philips Electronics, Data Mark Technologies, Twentieth Century Fox Home Entertainment, a subsidiary of Twentieth Century Fox Film Corporation, a News Corp. company and CBS Corp.'s planned $1.8 billion acquisition of CNET Networks Inc.
Mr. Kaufhold has successfully predicted some notable technology trends, including the growth of CD-ROM drive for personal computers, as well as market shares for worldwide unit shipments of MPEG-related semiconductor devices. Discussing trends moving forward, Mr. Kaufhold notes, "Three key areas of growth for emerging digital content include: Blue Ray Optical Discs and Blue Ray TV and Movie titles coming from the studios, Social Networks with high definition video sharing and electronic delivery of high quality digital media."
Mr. Kaufhold goes on to discuss forensic watermarking technology deployed by several companies, the differentiation of technologies and some of the public companies in the sector.
"There is a small company in Connecticut called USA Video Interactive that I have been talking to for six years. They are a great example of the rest of the industry, in that it has taken them several years to develop their technology, prove it and make it robust enough to start using it. Just recently they signed a deal with Twentieth Century Fox Home Entertainment for high speed internet delivery of electronic files. Fox needs to be able to preview movies to buyers at Target and Wal-Mart and to work around direct theft at the mailroom; they now defend against it with USA Video's MediaEscort that automatically embeds watermarks or SmartMarks into every frame of the video during internet delivery. So if the content leaks out, they know exactly which computer to go and investigate. This is a very solid and robust approach to identifying leaks and theft."
To listen to the entire Podcast/Audio Interview go to:
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