Bill Barrett Corp. (NYSE:BBG) reported second quarter 2011 operating results. Natural gas and oil production growth, up 6% to 26.5 Bcfe compared with the second quarter of 2010. Discretionary cash flow growth, up 6% to $122.8 million or $2.61 per diluted common share compared with the second quarter of 2010. Net income of $32.6 million or $0.69 per diluted common share and adjusted net income of $27.6 million or $0.59 per diluted common share. Uteland Butte horizontal exploration well with positive initial flow rates. Key Uinta Basin East Bluebell oil acquisition closed adding 5 MMBoe proved reserves with 20,300 net acres.



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Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).

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OM Group Inc. (NYSE:OMG) announced financial results for the second quarter ended June 30, 2011. Net sales in the second quarter were $329.5 million, a 9 percent increase compared with the second quarter of 2010. Volume growth in all three operating segments more than offset the negative impact of unfavorable price and mix. Net income was $24.6 million in the second quarter of 2011, or $0.80 per diluted share, compared with $12.8 million, or $0.42 per diluted share, during the year-ago period.

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Anixter International Inc (NYSE:AXE) announced that it has entered into a definitive agreement to sell its Aerospace Hardware Division to entities controlled by Greenbriar Equity Group LLC. Under the terms of the agreement Anixter will receive $155 million in cash, subject to a net working capital adjustment, and up to an additional $30 million if certain milestones are achieved on or before December 31, 2013. The transaction is expected to be completed during the third quarter subject to regulatory approval and customary closing conditions.

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Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness. Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.

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hhgregg, Inc. (NYSE:HGG) reported a net loss of $0.8 million for the three months ended June 30, 2011, or a loss of $0.02 per diluted share, compared with net income of $2.7 million, or $0.07 per diluted share, for the comparable prior year period. The decrease in net income for the three month period ended June 30, 2011 was the result of a comparable store sales decrease of 13.2%, an increase in SG&A as a percentage of net sales, a decrease in gross margin rate and an increase in net advertising expense as a percentage of net sales, partially offset by the net addition of 23 stores in the past 12 months.

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LSB Industries Inc. (NYSE:LXU) announced record results for the second quarter ended June 30, 2011. Sales were $235.6 million, a 40% increase from $168.4 million; Operating income was $48.3 million compared to $12.8 million, an increase of $35.5 million; Net income and net income applicable to common shareholders were $28.6 million compared to $6.0 million; and Diluted earnings per common share were $1.22 compared to $0.27.

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NEOP, Neoprobe Corp.

Neoprobe Corporation (NYSE Amex: NEOP), a diversified developer of innovative oncology surgical and diagnostic products, announced that it completed the previously announced sale of its neoprobe GDS line of gamma detection device systems to Devicor Medical Products, Inc. (Devicor) for $30 million in upfront consideration, plus up to an additional $20 million in royalties based on Devicor’s achievement of certain revenue milestones. The sale was approved by Neoprobe’s stockholders on August 15th at the Company’s Annual Meeting.

“With the completion of this sale, Neoprobe transforms into a pure-play radiopharmaceutical company centered on development and commercialization of novel diagnostic and treatment agents for cancer and other significant disease areas,” said Dr. Mark Pykett, Neoprobe President and CEO. “We now turn our focus squarely on the near-term goal of supporting the regulatory review and approval of Lymphoseek (tilmanocept), on preparing for Lymphoseek’s commercialization and on actively moving forward with other pipeline development opportunities including the in-licensing or acquisition of other attractive agents and our efforts surrounding RIGScan.”

“As we have highlighted previously, this agreement adds immediate strength to our balance sheet with the potential of significantly more value for shareholders tied to the continued growth of the GDS business under the strong marketing and sales direction of Devicor,” said Brent Larson, Neoprobe Senior Vice President and CFO. “The sale provides Neoprobe with financial flexibility to continue development of our current pipeline products, while aggressively pursuing other product candidates that fit within our strategic direction of building a strong radiopharmaceutical-focused company.”

Earlier this month the Company announced that it had submitted a New Drug Application (NDA) for Lymphoseek to the U.S. Food and Drug Administration (FDA). Neoprobe seeks clearance to market Lymphoseek in the United States for use in Intraoperative Lymphatic Mapping, a surgical oncology procedure in which lymph nodes draining the area around a tumor are identified and biopsied to determine if cancer has spread to the lymph nodes. The Company expects to receive notification from FDA regarding acceptance status of the NDA within 60 days from the date of submission.

Neoprobe is a biomedical company focused on development of precision diagnostics that enhance patient care and improve patient benefit. Neoprobe is actively developing and commercializing targeted agents aimed at the identification of occult (undetected) disease. The Company’s two lead radiopharmaceutical agent platforms – Lymphoseek and RIGScan™ – are intended to help surgeons better identify and treat certain types of cancer. In achieving its goals, our business model leverages collaborations and partnerships with world-class institutions, manufacturing concerns and distribution entities. Neoprobe’s strategy is to deliver superior growth and stockholder return by bringing to market novel radiopharmaceutical agents and advancing the Company’s pipeline programs through continued investment and selective acquisition or in-licensing of complementary technologies.

For more information, please visit www.neoprobe.com.

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Kandi Technologies, Corp (Nasdaq:KNDI) reported improved financial results for the second quarter and six months ended June 30, 2011. Revenues increased 2.3%, to $10.1 million, from $9.9 million a year earlier, reflecting continued strong growth in go-kart sales. Sequentially, sales were up 22% compared to the first quarter of 2011. Operating income increased to $0.8 million, up 18.4% from $0.7 million in the second quarter of 2010. Net income more than tripled to $3.6 million, or $0.13 per diluted share, compared to net income of $1.2 million, or $0.05 per diluted share in the same period last year. The non-GAAP adjusted net income (described below) grew by 24.6% as compared to the second quarter of 2010

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Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness. Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.

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LPL Investment Holdings Inc. (Nasdaq:LPLA) announced that its board of directors authorized a share repurchase program pursuant to which the Company may repurchase up to $70 million of its issued and outstanding shares of common stock, subject to any limitations set forth under the Company's credit agreement, through August 31, 2012

LPL Investment Holdings Inc. provides technology, brokerage, and investment advisory services through business relationships with independent financial advisors, financial advisors employed by financial institutions, registered investment advisors, and financial institutions in the United States.

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US Home Systems Inc. (Nasdaq:USHS) reported financial results for the second quarter and six months ended June 30, 2011. USHS reported record revenue of $43.8 million, exceeding guidance of $40 to $41 million and up 24.4% compared to $35.2 million in the second quarter last year. USHS reported earnings per share of $0.21, significantly better than guidance of $0.11 to $0.13 per share and compared to $0.06 per share in the second quarter last year. New orders increased to a record $44.0 million in the second quarter 2011 from $37.4 million in the second quarter last year. The Company's backlog of uncompleted orders was $24.5 million at June 30, 2011.

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Tandy Leather Factory, Inc. (Nasdaq:TLF) reported financial results for the second quarter of 2011. Consolidated net income for the quarter ended June 30, 2011 was $1,076,000 compared to consolidated net income of $1,061,000 for the second quarter of 2010, an increase of 1%. Fully diluted earnings per share for the quarter were $0.11, compared to $0.10 in the second quarter of last year. Total sales for the quarter ended June 30, 2011 were $15.9 million, up 11% from $14.4 million in the second quarter last year.

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Gold is a rare metal. It has the chemical symbol Au. The purity of gold is described by its 'fineness' in parts per 1,000 or by the carat scale which is parts per 24. The word 'carat' derives from the Italian carato, Arabic qirat or Greek keration, all meaning the fruit of the carob tree. Ancient traders used carob seeds as the means to balance the scales in oriental bazaars.

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Ardea Biosciences, Inc. (Nasdaq:RDEA) reported recent accomplishments and financial results for the second quarter and six months ended June 30, 2011. As of June 30, 2011, we had $141.3 million in cash, cash equivalents and short-term investments and $1.7 million in receivables, compared to $80.6 million in cash, cash equivalents and short-term investments and $17.0 million in receivables as of December 31, 2010. The net increase in cash, cash equivalents and short-term investments in 2011 was due primarily to our public offering of common stock, which was completed in February 2011 and resulted in net proceeds to us of $78.1 million, and the receipt in January 2011 of a $15.0 million milestone payment under our global license agreement with Bayer HealthCare (Bayer).

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First Financial Service Corp. (Nasdaq:FFKY) announced a diluted net loss per common share of $(2.57), or $(12.2 million) for the quarter ended June 30, 2011, compared to a diluted net loss per common share of $(0.07), or $(.3 million) for the quarter ended June 30, 2010. Diluted net loss per common share for the six months ended June 30, 2011, was $(3.06), compared to diluted net income per common share of $0.04 for the six months ended June 30, 2010.

First Financial Service Corporation operates as the holding company for First Federal Savings Bank of Elizabethtown that provides various personal and corporate banking services.

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Biomass is any type of organic material which might be utilized as a fuel source. In essence biomass is captured and stored solar energy via combustion as well as other chemical reactions. We can use biomass energy on demand to get liquid fuels, gaseous fuels, and advanced solid fuels including pellets and briquettes.

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Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).

Read more at: http://pennyomega.com/?p=16695

North European Oil Royalty Trust (NYSE:NRT) reported the net income and results for the third quarter of fiscal 2011Compared to the prior year, Trust expenses for the third quarter of fiscal 2011 increased 12.04% to $189,608 from $169,228 in the third quarter of fiscal 2010 due to an increase in Trustee fees (which, as specified in provisions in the Trust Agreement, change as a result of fluctuations in gross royalty income). For the quarter just ended, Trust interest income remained minor.

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Temple-Inland Inc. (NYSE:TIN) declared a regular quarterly dividend of $0.13 per common share, payable September 15, 2011, to shareholders of record September 1, 2011.

Temple-Inland Inc., through its subsidiaries, manufactures and sells corrugated packaging and building products primarily in the United States and Mexico. The company's Corrugated Packaging segment manufactures containerboard and converts it into a line of corrugated packaging products. Its products include commodity brown boxes and intricate die cut containers, which can be printed with multi-color graphics.

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JMP Group Inc (NYSE:JMP) announced that its board of directors has voted to increase the company's cash dividend to $0.030 per share for the second quarter of 2011, an increase of 20% from the $0.025 paid for the prior quarter. The dividend will be paid on Friday, September 2, 2011 to common stockholders of record as of Friday, August 19, 2011.

MP Group Inc., through its subsidiaries, operates as an investment banking, asset management, and corporate credit management company in the United States.

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Majestic Gold Corp. (MJS.V)

Scientists have recently discovered that gold can be used to help clean up the environment. Microscopic gold particles can split oxygen atoms, which creates a useful organic by-product as the oxygen atoms and carbon compounds combine. What is created is a gold catalyst that can clean up after important chemical processes that we use every day - such as after making pharmaceuticals, detergents, and food additives.

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IntraLinks Holdings, Inc. (NYSE:IL) announced results for its second quarter of 2011. Total revenue of $53.3 million, up 20% year-over-year. Enterprise revenue of $22.6 million, up 15% year-over-year. M&A revenue of $21.0 million, up 29% year-over-year. Break-even GAAP net income, compared to a net loss of ($3.9) million or ($1.78) per share for the same quarter last year. Non-GAAP adjusted net income of $5.7 million or $0.10 per share, compared to non-GAAP adjusted net income of $2.0 million or $0.04 per share for the same quarter last year. Non-GAAP adjusted EBITDA of $16.4 million, an increase of 15%, compared to $14.2 million for the same quarter last year. Cash flow from operations of $15.9 million, compared to $9.5 million for the same quarter last year.

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Harris Corp (NYSE:HRS) has received a $4.7 million order from the Government of Canada for Falcon III® AN/PRC-117G multiband manpack radios and RF-7800B tactical satellite communication systems. The systems will provide Canada's armed forces with next-generation tactical communications in support of network-enabled applications such as video and collaborative chat.

Harris Corporation, together with its subsidiaries, operates as a communications and information technology company that serves government and commercial markets worldwide.

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Apache Corp. (NYSE:APA) reported production of 749,000 barrels of oil equivalent (boe) per day and earnings of $1.2 billion, or $3.17 per diluted share, for the three-month period ending June 30, 2011. These compare with production of 647,000 boe per day and net income of $860 million, or $2.53 per diluted share, for the same period in the prior year.

Apache Corporation, together with its subsidiaries, engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids.

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IDEX Corporation (NYSE:IEX) announced the promotion of Andrew Silvernail to the position of Chief Executive Officer, succeeding Larry Kingsley who indicated his plans to leave IDEX to assume the position of Chief Executive Officer of Pall Corporation. Mr. Silvernail was also appointed to the company's board of directors.

IDEX Corporation, through its subsidiaries, engages in the manufacture and sale of an array of pumps, flow meters, other fluidics systems and components, and engineered products worldwide.

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Zoom Technologies, Inc. (Nasdaq:ZOOM), a leading China based manufacturer of mobile phones and related products, reported financial results for the second quarter ended June 30, 2011.

Our revenues were $57,564,265 for the quarter ended June 30, 2011, an increase of 34.3% or $14,687,392 as compared to $42,876,873 in the corresponding quarter last year. The increase was mainly due to the sales of our proprietary "Leimone" brand mobile phones. Our EMS revenue, other than own brand phone sales, for the second quarter of 2011 was $43.3 million or an increase of 12.8% from $38.4 million in the same period of 2010.

In the second quarter of 2011, we sold 207,443 units of our Leimone brand phones of which 158,751 were 3G models, total sales in Leimone phones were $13.8 million. Another 50,700 of our LongTel brand phones were sold to India and brought in sales of $1.2 million. Revenues from sales of our own branded products in the second quarter of 2011 were $14.9 million, representing an increase of 233% over $4.5 million for the same three-month period in 2010 where total units of Leimone brand phones sold were 56,714 of which 10,210 were 3G units.

Gross profit for the second quarter of 2011 was $5,881,890, an increase of 28.4% or $1,302,133 over $4,579,757 of the second quarter last year. Gross margin, the ratio of gross profit as a percentage of revenues was 10.2% in Q2 of 2011 compared to 10.7% for Q2 2010.

For the quarter ended June 30, 2011, after incurring added R&D costs of approximately $1 million for new phones to be released later this year, the Company's net income was $1,495,223, a decrease of $539,425 or 26.5% from $2,034,648 for the corresponding 2010 quarter. Net margins, the ratio of net income over revenues, for the second quarters of 2011 and 2010 were 2.6% and 4.7% respectively.

Mr. Lei Gu, Chairman and Chief Executive Officer of Zoom Technologies, commented, "We are demonstrating our commitment to bringing advanced and innovative mobile phones to the markets under our proprietary brands. Our new series of stylish, tough and smart handsets shows the edge we have over the competition and we are excited about their release later this year internationally, including Asia, Europe and the United States."

Zoom Technologies is a holding Company with subsidiaries that engage in the manufacturing, research and development, and sale of electronic and telecommunication products for the latest generation mobile phones, wireless communication circuitry and related software products. Zoom Technologies' subsidiary, Jiangsu Leimone, owns a majority stake of TCB Digital, which offers highly customized and high quality Electronic Manufacturing Service (EMS) for Original Equipment Manufacturer (OEM) customers as well as its Own Brand Manufacturing (OBM) under the Zoom and Leimone brand names. The Company's products are both exported and sold domestically in People's Republic of China.

More about ZOOM at www.zoom.com

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News Corp. (Nasdaq:NWSA) reported fourth quarter total segment operating income(1) of $1.35 billion, a $420 million or 45% increase compared to $932 million reported a year ago. This increase was driven by improved contributions at all segments, led by growth at the Television segment. For the full year, the Company reported adjusted total segment operating income(2) of $4.98 billion compared to $4.46 billion reported a year ago. This 12% increase was driven by significant operating income increases at the Cable Network Programming and Television segments which were partially offset by decreases at the Filmed Entertainment segment, reflecting the prior year contributions from Avatar, and increased losses at Myspace.

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Breitburn Energy Partners L.P. (Nasdaq:BBEP) announced financial and operating results for its second quarter of 2011. The Partnership had another quarter of strong operating and financial results, with production and lease operating expenses trending in-line with guidance and EBITDA trending towards the high end of the guidance range. On June 14, 2011, the Partnership announced it entered into a definitive agreement to acquire crude oil properties in Niobrara County, Wyoming for $58.1 million. This acquisition closed on July 28, 2011 and is expected to immediately add approximately 500 Boe/day of net oil production to the Partnership.

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Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).

Read more at: http://pennyomega.com/?p=16677