Top Stocks For 3/29/2013-2

EVCARCO (OTC.BB:EVCA) is pioneering a new way to meet the demands of 21st century car buyers. EVCARCO is bringing to market eco-friendly vehicles with an emphasis on performance and affordability and the latest in developed technology. The board of EVCARCO is pleased to announce that, pursuant to a strong demand from the US Federal Government to meet environmental standards in relation to its Federal Military fleet, EVCARCO will be working with VENTA Inc. and several third party organizations to create Military grade AEV and Hybrid Diesel Electric units.

The move is part of an EVCARCO recent corporate shift aimed at increasing revenue through contracting and sourcing of units suitable for Government RFPs.

Scott O’Neal, Chief Operation Officer, stated, “We feel that working in conjunction with our corporate sales and commercial fleet division, the addition of a high revenue entity aimed at Military contracting is a significant move for EVCARCO and the corporate vision.”

EVCARCO has been working on projects with the US Federal Government as announced in previous releases since first quarter of 2010; the trials have given the management of EVCARCO insight into the needs and requirements of the Federal Government and, with this knowledge, the corporation stands at a significant advantage in respect to sourcing specific AEV and Hybrid Units for the Military.

EVCARCO is the first automotive retail group dedicated to deploying a coast-to-coast network of eco-friendly dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric and alternative fuel vehicles. EVCARCO has developed a franchised dealer network allowing growth into most US States by 2012.

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Multiband Corporation, (NASDAQ:MBND), a leading Home Service Provider (HSP) for DIRECTV and the nation’s largest DIRECTV Master System Operator (MSO) for Multiple Dwelling Units (MDU�s), recently announced financial results for the second quarter and six months ended June 30, 2010.

Financial Highlights

• Second quarter revenues were up 7.7% sequentially to $64.9 million from $60.2 million in first quarter 2010 but down 3.7% compared to $67.4 million for the quarter ended June 30, 2009.
• Second quarter 2010 gross margins were 32.5% compared to 15.6% for the year-ago period.
• Operating income increased to $5.4 million compared to an operating loss of $7.7 million in the year-ago period, a $13.1 million swing to the positive.
• Net income for the quarter attributable to common stockholders was $2.0 million, or $0.21 per share compared to a net loss of $7.2 million, or $0.75 per share loss in the year-ago period, a $9.2 million positive swing.
• EBITDA, a non-GAAP measure, substantially exceeded guidance and was a record $7.6 million for the second quarter of 2010, up $12.6 million from $5.0 million loss for the same period in 2009 and up from $3.1 million sequentially in the first quarter of 2010.
• Negotiated a $10 million funding opportunity with Lincoln Park Capital Fund, LLC to be utilized at the Company�s discretion for working capital or other general corporate purposes.

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Multi-Color Corporation (Nasdaq: LABL) recently announced first quarter increases in net revenues and gross profit.

“Our June quarter has shown encouraging signs in revenue and underlying profit growth,” stated Nigel Vinecombe, President and CEO of Multi-Color Corporation. “While we remain cautious about brand volumes, we continue to develop new business and productivity gains to drive profit improvement.”

First quarter highlights included:

• Net revenues increased 6% to $74.1 million from $69.7 million. The increase was due to a 7% increase in sales volume and mix and a 3% favorable foreign exchange impact, partially offset by a 4% unfavorable pricing impact. The sales volume increase was primarily due to higher volumes within our North American customer base. The unfavorable pricing impact was due to reduced pricing schedules associated with new agreements entered into in the second quarter of fiscal 2010 with three of our largest customers.
• Gross profit increased $2 million or 16% compared to the prior year due to higher sales volumes and improved operating efficiencies. Gross margins increased to 20% from 19% of sales revenues compared to the prior year.
• Selling, general and administrative (SG&A) expenses, adjusted for special charges, increased by 11% compared to the prior year. The special charges included in SG&A expenses for the first quarter of fiscal 2011 were primarily comprised of $1.3 million in severance and accelerated stock compensation charges and $535,000 for acquisition-related expenses. The increase in adjusted SG&A is primarily due to foreign exchange and higher professional fees.
• Operating income decreased slightly compared to the prior year to $6.6 million from $6.7 million. Excluding the impact of the special charges from both periods, adjusted operating income increased 20% to $8.4 million from $7 million due primarily to the increase in sales volume and improved operating efficiencies.
• Interest expense remained steady at $1.2 million compared to the prior year due to a $15.7 million or 16% reduction in bank debt offset by the impact of higher interest rates and higher interest expense related to the present value adjustment for our former corporate headquarter lease liability.
• The Company’s effective tax rate was 31% in the first quarter of fiscal 2011 compared to 29% in the same period of the prior year due primarily to an increase in income in higher tax jurisdictions. The Company expects its annual effective tax rate to be approximately 31% in fiscal year 2011.
• Diluted EPS decreased 6% to $0.30 cents per diluted share from $0.32 cents. Excluding the impacts of the special charges noted below, adjusted diluted EPS increased 18% to $0.40 cents per diluted share from $0.34 cents. Adjusted net income increased 18% to $5.0 million compared to $4.2 million in the prior year.
• As previously announced, on July 1, 2010, the Company closed the acquisition of European wine, spirit & olive oil label specialist, Guidotti CentroStampa S.p.A., based in Tuscany, Italy, for Euro 50.5 million with approximately 80% of the proceeds in the form of cash and 20% in the form of 934,567 shares of Multi-Color stock.

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Multi-Fineline Electronix, Inc. (Nasdaq: MFLX), a leading global provider of high-quality, technologically advanced flexible printed circuit and value-added component assembly solutions to the electronics industry, recently reported financial results for its third quarter ended June 30, 2010. Net sales in the third quarter of fiscal 2010 were $181.0 million, an increase of 3.7 percent from net sales of $174.5 million in the same period of the prior year. The increase in net sales was due primarily to strong demand from new smartphone product introductions.

Gross margin during the third quarter of fiscal 2010 declined to 12.3 percent, compared to 14.3 percent for the same period in the prior year and 14.5 percent in the second quarter 2010, primarily due to lower yields.

Cash flow from operating activities for the third quarter of fiscal 2010 was $17.6 million. At June 30, 2010, the Company had cash, cash equivalents and short-term investments of $162.5 million, or $6.31 per diluted share.

Commenting on the third quarter results, Reza Meshgin, Chief Executive Officer of MFLEX, said, “As we reported in our pre-announcement last month, the Company generated year-over-year net sales growth in the third quarter. Several new program wins continue to solidify our position as a key supplier of flex assemblies. While ambitious manufacturing and quality improvement initiatives implemented over the last year have helped to improve our operational performance in the initial ramp of new programs, during the third quarter we experienced lower yields than expected, mostly due to the complicated nature of one new program. However, lower than anticipated operating expenses in the quarter helped to partially offset the bottom line impact.”

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