MusclePharm Corporation (OTCBB:MSLP) announced former UFC light heavyweight champion, Lyoto Machida, will be wearing MusclePharm apparel at the main fight which takes place on Saturday, November 20, 2010 in Auburn Hills, Michigan.
UFC newcomer Maiquel Jose Falcao Goncalves will also sport MusclePharm’s apparel on the UFC 123 Fight Card that includes his fight shorts, t-shirt, hat, and a banner with the MSLP Ticker Symbol. UFC 123 Event will draw an estimated 850,000 pay per view buys and is watched by an estimated 10 million viewers.
“We are very excited to have one of our UFC athletes compete in the main event fight. UFC continues to be a tremendous partner for MusclePharm as we increase our consumer demographic exposure during Saturday night’s fight,” commented Cory Gregory, MusclePharm’s President. “We will continue to focus on opportunities with UFC to further increase MusclePharm’s brand awareness and expand MusclePharm’s supplement and apparel market penetration.”
MusclePharm is a rapidly expanding healthy life-style company that develops and manufacturers a full line of NSF and scientifically approved, nutritional supplements that are 100% free of any banned substances. Based on years of research, MusclePharm products are created through an advanced six-stage research protocol involving the expertise of top nutritional scientists and field tested by more than 100 elite professional athletes from various sports including the NFL, MMA, and MLB. The Company’s propriety and award winning products address all categories of an active lifestyle including muscle building, weight loss, and maintaining general fitness through a daily nutritional supplement regimen. MusclePharm is sold in over 120 countries and available in over 5,000 US retail outlets that include GNC, and Vitamin Shoppe, as well as over 100 online stores, including bodybuilding.com, Amazon and Vitacost.com.
GreenHouse Holdings, Inc. (OTCQB:GRHU), a San Diego, California-based integrated energy solutions provider and developer of eco-friendly infrastructure, is providing a shareholder update.
2010 Operational Highlights:
Acquired Life Protection Inc., (LPI) a subsidiary that provides innovative training, support, design and construction of facilities and services to meet the needs of the U. S. Government, military, and law enforcement agencies.
Signed multiple contract awards for its Life Protection (LPI) Governmental Services Division, totaling $6 million.
o The governmental contracting entities include the U.S. Marine Corps School of Dynamic Entry in Quantico, VA and the U.S. Army Schofield Barracks Range Support in Honolulu, HI.
Announced that PepsiCo will partner with GreenHouse to utilize Southern California Edison’s Automated Demand Response program at its Buena Park bottling plant.
Signed Letter of Intent to acquire Control Engineering, Inc (CEI). Headquartered in Costa Mesa, California and serving clients globally, CEI provides turnkey automation and control solutions including engineering, installation and integration services.
o Experts in multiple technologies and applications, CEI’s client base includes recognizable brands from a wide range of industries including pharmaceutical, food, and beverage, utility, military and consumer goods.
Shareholder’s equity increased to $2.9 million from a deficit of approximately $2 million as of 12/31/09.
The Company is completing the necessary steps to Up-List its shares to a senior U.S. stock exchange.
o In order to facilitate the transition, GreenHouse established an independent board and appointed PKF, a nationally recognized accounting firm, as their SEC auditors.
Community Shores Bank Corp. (Nasdaq:CSHB), Muskegon�s only locally headquartered independent community banking organization, reported a third quarter net loss of $3.92 million, or ($2.67) per diluted share, compared to a net loss of $0.57 million, or ($0.39) per diluted share, for the 2009 third quarter. For the 2010 nine months year-to-date, the Company recorded a net loss of $5.55 million, or ($3.78) per diluted share, compared to a net loss of $2.17 million, or ($1.48) per diluted share, for the first nine months of 2009. Third quarter�s results were heavily impacted by impairments on troubled assets to reflect declining property valuations in Community Shores� markets.
Community Shores Bank Corporation operates as the holding company for Community Shores Bank that provides commercial and consumer banking services primarily in the communities of Muskegon County and Northern Ottawa County, Michigan. It offers a range of deposit services, including checking accounts, savings accounts, and various types of time deposits.
Consumer Portfolio Services, Inc. (Nasdaq:CPSS) announced operating results for its third quarter ended September 30, 2010. Operating results for the third quarter of 2010 included revenues of $36.8 million, a decrease of approximately $16.0 million, or 30.3%, compared to $52.8 million for the third quarter of 2009. Total operating expenses for the third quarter of 2010 were $40.3 million, a decrease of $16.8 million, or 29.5%, as compared to $57.1 million for the 2009 period. Pretax loss for the third quarter of 2010 was $(3.5) million compared to pretax loss of $(4.3) million in the third quarter of 2009. Net loss for the third quarter of 2010 was $(4.5) million, or $(0.26) per diluted share, compared to net loss of $(4.3) million, or $(0.23) per diluted share, for the year-ago quarter. Net loss for the third quarter of 2010 includes a charge to income tax expense of $(1.0) million, or $(0.06) per diluted share, related to an addition to the valuation allowance against the deferred tax asset.
Consumer Portfolio Services, Inc., a specialty finance company, engages in purchasing and serving retail automobile contracts originated primarily by franchised automobile dealers and select independent dealers of new and used automobiles, light trucks, and passenger vans in the United States.
LOGIC Devices Incorporated (Nasdaq:LOGC) announced its revenues and results of operations for its fiscal year ended September 30, 2010. Revenues for fiscal 2010 were $2,193,300 down 27 percent versus $3,013,200 for fiscal 2009, with a net loss of $1,084,500 or $(0.16) per share in fiscal 2010, compared to a net loss of $811,300 or $(0.12) per share in fiscal 2009. Fiscal 2010 was a very difficult and disappointing year for LOGIC Devices. Our mature product revenues fell by 33% and our newly developed products were not ready to make up that loss. Our sales of chips related to a digital cinema application fell over 60% from the prior year, and while sales related to military programs were relatively flat, we saw a steep fall-off in the latter half of the year. Sales of our other legacy products were relatively flat year to year,� stated Bill Volz, president of LOGIC Devices.
LOGIC Devices Incorporated develops and markets digital integrated circuits that perform storage and signal/image processing functions. Its products enable high definition video display, transport, editing, composition, and special effects, as well as storage of electronic information.
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