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Nov 17, 2009 (M2 PRESSWIRE via COMTEX) --
Companies: Ambient Corp. (ABTG), Jiangbo Pharmaceuticals Inc (JGBO), Oxygen Biotherapeutics Inc (OXBT), Sino Clean Energy Inc (SCLX), Telkonet, Inc. (TKOI), Teltronics, Inc. (TELT)
STOCK MARKETING INC PRESENTS : (OTCBB: TELT) Teltronics, Inc., (PINKSHEETS: TKOI) Telkonet, Inc., (OTCBB: ABTG) Ambient Corp., (OTCBB: OXBT) Oxygen Biotherapeutics, Inc., (OTCBB: JGBO) Jiangbo Pharmaceuticals, Inc., (OTCBB: SCLX) Sino Clean Energy, Inc.
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(OTCBB: TELT - Teltronics, Inc.)
LATEST NEWS!!
Teltronics Announces Third Quarter Results
--2009 third quarter net sales increased by 75.5% as compared to the same period in 2008.
PALMETTO, Fla., Nov 16, 2009 -- On November 12, 2009, Teltronics, Inc. (OTC Bulletin Board: TELT) announced its financial results for the three months and nine months ended September 30, 2009.
Sales for the three months ended September 30, 2009 were $14.2 million, as compared to $8.1 million reported for the same period in 2008. Sales for the nine months ended September 30, 2009 were $35.6 million, as compared to $26.1 million for the same period in 2008. Gross profit margin for the three months ended September 30, 2009 was 41.1% as compared to 38.8% for the same period in 2008. Gross profit margin for the nine months ended September 30, 2009 was 40.4%, as compared to 35.3% for the same period in 2008.
Operating expenses for the three months ended September 30, 2009 were $2.9 million, as compared to $2.8 million for the same period in 2008. Operating expenses for the nine months ended September 30, 2009 were $8.0 million, as compared to $11.2 million for the same period in 2008.
Net income for the three months ended September 30, 2009 was $2.6 million or $0.23 per fully diluted share, as compared to $75,000 or $(0.02) per fully diluted share, for the same period in 2008. Net income for the nine months ended September 30, 2009 was $5.3 million or $0.48 per fully diluted share, as compared to a net loss of $1.4 million or $(0.26) per fully diluted share, for the same period in 2008.
Net income available to common shareholders for the three months ended September 30, 2009 was $2.3 million, as compared to a net loss of $188,000 for the same period in 2008. Net income available to common shareholders for the nine months ended September 30, 2009 was $4.5 million as compared to a net loss of $2.3 million for the same period in 2008.
"Teltronics is delighted with our third quarter results," proclaims Ewen Cameron, Teltronics' President and CEO. "With a focus on expense control, reduced operation redundancies and improving processes for increased efficiencies, the company has met its goal to increase gross margin and decrease operating costs during the 9 month period," continues Cameron. "We also concentrated on increasing worldwide sales on higher gross margin products which has resulted in an increase in orders of our switching products (Cerato & 20-20)." About Teltronics: Teltronics, Inc. is a leading, global provider of innovative communications solutions that enable our customers to increase revenues, decrease costs and improve productivity. The Company designs, develops and manufactures electronic equipment and applications software systems that enhance the performance of communications networks. Teltronics develops VoIP and digital voice communications platforms and software and contact center solutions for small-to-large size businesses and government facilities. Teltronics is also recognized as a leading provider of network management solutions enabling enterprises and service providers to effectively monitor and maintain voice and data networks. All products are manufactured in an ISO 9000:2008 certified factory and the Company serves as a contract manufacturing partner to customers nationwide. Further information regarding Teltronics is available at the web site, www.teltronics.com.
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(PINKSHEETS: TKOI - Telkonet, Inc.)
LATEST NEWS!!
Telkonet Announces 2009 Third Quarter Results; Equity Financing; and Board of Director Changes
GERMANTOWN, MD, Nov 16, 2009 -- Telkonet, Inc. (PINKSHEETS: TKOI), a Clean Technology company that develops and manufactures proprietary energy management and SmartGrid networking technology, announced today third quarter results for the period ended September 30, 2009. Telkonet has reflected MSTI Holdings, Inc. or "MST" results of operations in the condensed consolidated statement of operations through the date of the disposal (April 22, 2009) as discontinued operations for all periods presented.
For the 2009 third quarter, Telkonet, Inc. had revenue of $2.4 million, a decrease of 49% compared to $4.7 million in the 2008 third quarter. Telkonet's revenues decreased by 23% when compared to the quarter ended June 30, 2009. Telkonet, Inc. reported gross margins of 51% for the third quarter of 2009 compared to the 2008 third quarter of 47%, and 57% in the second quarter of 2009. Selling, general and administrative expenses were $1.7 million, compared to $2.1 million in the 2008 third quarter and $1.7 million in the 2009 second quarter.
Telkonet, Inc. reported a 2009 third quarter net loss of $(2.1) million, or $(0.02) per share, compared to a net loss of $(2.9) million or $(0.04) per share in the 2008 third quarter. Net income for the third quarter of 2008 included losses from discontinued operations of $(1.4) million, or $(0.02) per share.
Telkonet had a negative adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization), a non-GAAP measure, in the third quarter of 2009 of approximately $(741,000) compared to a negative adjusted EBITDA of $(391,000) in the 2008 third quarter.
"During the third quarter we continued our focus on cost and cash management to weather the difficult economy," said Jason Tienor, Telkonet's President and Chief Executive Officer. "Our primary target market for our clean tech products as well as our networking solutions, the hospitality market, has been one of the most affected sectors of the economy, with low occupancy rates halting capital purchases. We are disappointed that we had an increase in operating losses both quarter-over-quarter and year-over-year, but remain focused on near-term profitability as we diversify our sales strategy in new market segments, such as the government, education and healthcare markets, and we continue to pursue strategic business partnerships fueled by federal stimulus funding." For the nine months ended June 30, 2009, Telkonet had revenue of $8.4 million, a decrease of 37% compared to $13.4 million in the nine months ended September 30, 2008. Telkonet, Inc. reported gross margins of 54% for the nine months ended September 30, 2009 compared to 40% for the nine months ended September 30, 2008. Selling, general and administrative expenses were $5.1 million for the nine months ended September 30, 2009, compared to $7.3 million for the nine months ended September 30, 2008.
Telkonet, Inc. reported a net income of $4.2 million, or $0.04 per share, for the nine months ended September 30, 2009, when compared to a net loss of $(12.2) million, or $(0.16) per share for the nine months ended September 30, 2008. Net income in 2009 includes a $6.9 million gain on the deconsolidation of MST. Telkonet had a negative adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization), a non-GAAP measure, of approximately $(1.3) million for the nine months ended September 30, 2009, compared to negative adjusted EBITDA of $(3.6) million for the nine months ended September 30, 2008.
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(OTCBB: ABTG - Ambient Corp.)
LATEST NEWS!!
Ambient Corporation Announces Third Quarter Financial Results
BOSTON, Nov 17, 2009 -- Ambient Corporation (OTC Bulletin Board: ABTG) filed its Form 10-Q on November 16, 2009 for the period ended September 30, 2009. Year-to-date revenues were $918,160.
During the third quarter, Ambient and Duke Energy entered into a long-term agreement. Under the agreement, Ambient will supply its X-series smart grid node as the central communication technology for the utility's ongoing smart grid initiatives. Ambient has reported initial purchase orders under this agreement of approximately $2.5 million, which Ambient anticipates beginning to fill in the fourth quarter and into 2010.
"2009 so far has been a year of transition for Ambient. We have further strengthened our relationship with our largest customer, have entered into an important alliance with a global contract manufacturer, and have entered into a collaborative relationship with a global intelligent metering company," said John J. Joyce, President and CEO of Ambient Corporation. "We believe the Recovery Act funding will in fact act as a catalyst for many smart grid projects. Ambient will be focusing on strengthening our resources in the short term while positioning for opportunities we anticipate will be forthcoming in 2010." A detailed description of Ambient's business, our results of operations and financial statements are contained in the Quarterly Report on Form 10-Q filed on November 16, 2009. Ambient has sustained losses since its inception and expects to incur additional losses in the immediate future.
About Ambient Corporation Ambient designs, develops and markets Ambient Smart Grid((R)) communications technologies and equipment. Using open standards-based technologies along with in-depth industry experience, Ambient provides utilities with solutions for creating smart grid communication platforms and technologies. Headquartered in Newton, MA, Ambient is a publicly traded company (OTC Bulletin Board: ABTG). More information on Ambient is available at www.ambientcorp.com.
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(OTCBB: OXBT - Oxygen Biotherapeutics, Inc.)
LATEST NEWS!!
Oxygen Biotherapeutics, Inc. Begins Shipping Cosmetic Product to Customers
DURHAM, N.C., Nov 17, 2009 -- Oxygen Biotherapeutics, Inc. (OTC Bulletin Board: OXBT) today announced that the company has begun shipping Dermacyte(TM) Oxygen Concentrate Gel to customers who have pre-ordered through the BuyDermacyte.com website. The shipments, which are going out today, cover orders received through early November.
"This is a major milestone event for our company - actually shipping a product to customers and generating revenue as a result," said Chris Stern, company chairman and CEO. "Orders are continuing to come in and we will be shipping on a regular basis. We believe that our new cosmetic line has the potential to be a significant financial contributor and intend to move forward with our aggressive market and product plans and pursue our goal to cover our running costs with product sales." The gel is a first product of a broad and diverse Dermacyte product line in development. It uses a combination of patented and secret formulations to make the skin appear moist and more youthful.
Dermacyte Oxygen Concentrate Gel can be purchased directly from the company via the secure ordering website at www.BuyDermacyte.com.
About Oxygen Biotherapeutics, Inc.
Oxygen Biotherapeutics, Inc. is dedicated to commercializing innovative pharmaceuticals and medical devices in the field of oxygen therapeutics and Defense Medicine(TM). The company has developed a perfluorocarbon (PFC) therapeutic oxygen carrier and liquid ventilation product (Oxycyte(TM)) and has out-licensed an implantable glucose sensor. These products are based upon core technologies that include biomedical applications for PFCs as well as medical and industrial applications for biosensors. Each of the product candidates is designed with advantages over currently marketed products in major markets including traumatic brain injury, sickle cell crisis, trauma, wound care, decompression sickness, acute respiratory distress syndrome, stroke, myocardial infarction, surgery, diabetes wounds and ulcers, and cosmetic applications which are being marketed under the Dermacyte name. More information is available at www.oxybiomed.com.
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(OTCBB: JGBO - Jiangbo Pharmaceuticals, Inc.)
LATEST NEWS!!
Jiangbo Pharmaceuticals, Inc. Announces Conference Call to Discuss Results for the First Quarter of Fiscal Year 2010
LAIYANG, China, Nov 16, 2009 -- Jiangbo Pharmaceuticals, Inc., (OTC Bulletin Board: JGBO; "Jiangbo" or the "Company"), a U.S. pharmaceutical company with its principal operations in the People's Republic of China, today announced that the Company will host a conference call at 9:00 a.m. Eastern Time on Wednesday, November 18, 2009 to discuss financial results for its first quarter of fiscal year 2010.
Conference Call Mr. Wubo Cao, Chairman and CEO, and Ms. Elsa Sung, CFO, will host the conference call.
To participate in the live conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: (800) 688 0796. International callers can dial (617) 614 4070. The conference passcode is 616 816 13.
If you are unable to participate in the call at that time, a replay of the conference call will be available from Wednesday, November 18, 2009 at 11:00 a.m. Eastern Time for 14 days. To access the replay, please call (888) 286 8010. International callers can dial (617) 801 6888. The conference replay passcode is 464 133 98.
About Jiangbo Pharmaceuticals, Inc.
Jiangbo Pharmaceuticals, Inc. is a U.S. public company engaged in the research, development, production, marketing and sales of pharmaceutical products in the People's Republic of China. Its operations are located in Eastern China in an Economic Development Zone in Laiyang City, Shandong province. Jiangbo is a major pharmaceutical company in China producing both western and Chinese herbal-based medical drugs in tablet, capsule, granule, and electuary (sticky syrup) form.
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(OTCBB: SCLX - Sino Clean Energy, Inc.)
LATEST NEWS!!
Sino Clean Energy, Inc. Announces Record Third Quarter 2009 Financial Results --- Third Quarter 2009 Revenues Increase 214.6% to $10.8 million, adjusted net income increased 132.8% to $2.8 million with Adjusted EPS of $0.028--- First Nine Months 2009 Revenues Increase 191.2% to $26.7 million, adjusted net income increased 149.5% to $6.3 million with Adjusted EPS of $0.066--- Cash flow from operations was $5.1 million for the first nine months of 2009 - Company Provided 2009 and 2010 Guidance: 2009 Revenues of at least $40 million and Net Income of at least $10 million; 2010 Revenues of at least $70 million and Net Income of at least $15 million--- Management to Host Earnings Conference Call on Tuesday, November 17, 2009 at 8:30 a.m. ET
BEIJING, Nov 17, 2009 -- Sino Clean Energy, Inc. (OTC Bulletin Board: SCLX; "Sino Clean Energy," the "Company"), which produces and distributes coal-water mixture in the People's Republic of China ("PRC"), today announced the Company's financial results for the third quarter 2009.
SUMMARY FINANCIALS
Third Quarter 2009 Results Q3 2009* Q3 2008 CHANGE Sales $10.8 million $3.4 million +214.6 % Gross Profit $3.9 million $1.1 million +251.4 % Adjusted Net Income $2.8 million $1.2 million +132.8 % GAAP Net Income (Loss) ($30.9 million) $1.1 million -2,800.6 % Adjusted EPS $0.03 $0.01 +200.0 % GAAP EPS (Diluted) ($0.31) $0.01 -3,200.0 %
*Q3 2009 included a $7.0 million non-cash charge related to the changes in the value of warrants and $24.8 million from the beneficial conversion feature of the notes issued in the July 2009 financing.
Nine Months 2009 Results 2009* 2008 CHANGE Sales $26.7 million $9.2 million +191.2 % Gross Profit $9.0 million $2.9 million +206.1 % Adjusted Net Income $6.3 million $2.5 million +149.5 % GAAP Net Income (Loss) ($28.8 million) $2.5 million -1,261.5 % Adjusted EPS $0.07 $0.03 +133.3 % GAAP EPS (Diluted) ($0.30) $0.03 -1,100.0 %
* The first nine months of 2009 included a $8.2 million non-cash charge related to the changes in the value of warrants and $24.8 million from the beneficial conversion feature of the notes issued in the July 2009 financing.
Third Quarter 2009 Financial Results Sales -- Sales for the third quarter of 2009 were $10.8 million compared to $3.4 million in the third quarter of 2008, an increase of 214.6%. The increase was mainly due to the expansion of production capacity commencing in early 2009 and growth in the Company's coal water mixture production compared the same period in 2008. The average selling prices of CWM were higher than the same period of 2008 by approximately 16.9%. Sales volume for CWM production was 94,400 tons, compared to 35,200 tons in the same period in 2008.
Cost of Goods Sold -- Cost of goods sold for the third quarter of 2009 was $6.8 million compared to $2.3 million in 2008, an increase of 196.6%. The increase was due to the rise in production and sales activities. Cost of sales as a percentage of sales was approximately 63.3% for the third quarter of 2009 and 67.2% for same period in 2008. The decrease was due to higher selling prices of CWM, compared to the same period in 2008.
Gross Profit and Gross Margin -- Gross profit was $3.9 million for the third quarter of 2009 compared to $1.1 million for the same period in 2008, an increase of 251.4% and represented gross margins of approximately 36.7% and 32.8%, respectively. The 3.9% variance in gross margins was mainly attributable to higher selling prices of CWM.
Selling, General, and Administrative Expenses -- Selling, general, and administrative expenses for the third quarter of 2009 were approximately $0.9 million compared to $0.2 million for the same period in 2008, an increase of 327%. Total selling, general, and administrative expenses as a percentage of sales for the third quarter of 2009 and 2008 were 8.3% and 6.1%, respectively, with the increase being attributed to transportation costs and financing expenses. Operating income for the third quarter of 2009 and 2008 was $3.1 million and $0.9 million, respectively, representing operating margins of 28.4% for the third quarter of 2009 compared to the third quarter 2008 operating margin of 26.7%.
Net Income (Loss) -- GAAP net loss for the third quarter was $30.9 million, compared to $1.1 million reported in the same period in the prior year. Earnings per diluted share were a negative $0.31 for the third quarter in 2009 compared to $0.01 for the third quarter in 2008, which was based on 100 million shares outstanding. The Company incurred taxes of $0.46 million and $71 in 2009 and 2008, respectively.
Adjusted Net Income -- During the third quarter of 2009 the Company incurred a non-cash charge of $7.0 million for the change in the value of warrants and $24.8 million from the conversion feature of the notes issued in the July 2009 financing. Adjusting for non-cash charges in each respective period, net income for the third quarter of 2009 and 2008 was $2.8 million and $1.2 million, with $0.03 and $0.01 in earnings per diluted share.
"We are pleased with our results for the third quarter which was propelled by a rise in sales of our coal water mixture," stated Baowen Ren, Chairman of Sino Clean Energy. "Our business continues to be driven by a number of factors including the government's support in the development and utilization of clean energy, as well as government mandate for improved utilization of coal. We are optimistic that demand from existing and new industrial, government and residential users for CWM, coupled with continuing government support, will further drive growth during 2010." ------------------------------------------------------------------------------------------------------------------------------------------------------------
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Companies: Ambient Corp. (ABTG), Jiangbo Pharmaceuticals Inc (JGBO), Oxygen Biotherapeutics Inc (OXBT), Sino Clean Energy Inc (SCLX), Telkonet, Inc. (TKOI), Teltronics, Inc. (TELT)
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