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Monday November 9, 2009
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HORIZON HEALTH INTERNATIONAL CORP. (PINK SHEETS:HZHI) announced the successful launch of their e-commerce website www.medichair-calgary.com. In May of 2009 Samson Industries, the Company�s Canadian Subsidiary, entered into a Licensing Agreement with MEDIchair Calgary, Canada. Under the terms of the licensing agreement, MEDIchair Calgary will pay to Horizon�s wholly owned subsidiary, a monthly license fee of $250 plus 50% of the profit realized from on-line sales generated by MEDIchair through the website which is owned and operated by Samson Industries.
The Agreement allows MEDIchair-Calgary (with estimated annual sales of $ 5 million plus) to license Horizon Health International�s website (www.medichair-calgary.com) and call-centre for live customer service and order processing. MEDIchair Calgary is just one of 70 franchisees of MediChair Corporate) a division of Lifemark Health. We will be entering into discussions with all the franchisees to license our website. Such a network will provide us with an economic access to a greater customer base and demographic, an estimated market well over $100 Mio.
Google Inc. (NASDAQ:GOOG) today announced that it has signed a definitive agreement to acquire AdMob, a mobile display ad technology provider, for $750 million in stock. This acquisition will enhance Google’s existing expertise and technology in mobile advertising, while also giving advertisers and publishers more choice in this growing new area.
Phillips-Van Heusen Corporation (NYSE: PVH) announced today that Company management will appear at the Morgan Stanley Global Consumer & Retail Conference being held in New York City on Friday, November 20th at 9:45 AM Eastern time.
Apache Corporation (NYSE, Nasdaq: APA) today announced that Argentina’s Federal Energy Secretariat has approved Apache Argentina’s Gas Plus project to supply 10 million cubic feet (MMcf) per day from the Guanaco and Ranquil-Co fields in Neuquen province to Compania Administradora del Mercado Mayorista Electrico (CAMMESA) at a price of US$4.10 per million British thermal units (MMBtu) for one year beginning in January 2010.
Saga Communications, Inc. (NYSE Amex: SGA) today reported that 3rd quarter 2009 free cash flow increased 5.1% to $5.8 million compared to $5.5 million for the same period last year. Net operating revenue decreased 13.7% from the comparable period in 2008 to $31.3 million. Operating income was $5.8 million. Net income was $2.5 million ($.58 per fully diluted share) for the quarter ended September 30, 2009 compared to $3.1 million ($.65 per fully diluted share) for the comparable period in 2008. For the same period, station operating expense decreased $3.0 million to $23.6 million (station operating expense includes depreciation and amortization attributable to the stations). A large part of the decrease in station operating expense was a result of our cost reduction initiatives. This helped to reduce the impact that the decline in net operating revenue had on our operating results. On a same station basis for the quarter, net operating revenue decreased 14.7% to $30.9 million, operating income was $5.6 million and station operating expense decreased $3.2 million to $23.4 million.
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