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Oct
02
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Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE: ETG), a closed-end investment company, today announced the earnings of the Fund for the three months ended July 31, 2009 and the nine months ended July 31, 2009. The Fund's fiscal year ends on October 31, 2009.

Medical Nutrition USA, Inc. (NASDAQ: MDNU) today announced the introduction of a new Fiber-Stat® concentrated liquid fiber formula that includes prune juice concentrate.

L-3 Communications Holdings, Inc. (NYSE: LLL) announced today that L-3 Communications Corporation, its wholly owned subsidiary, has initiated a full redemption of its outstanding $750 million 75/8% Senior Subordinated Notes due in 2012 (the "Notes"). All Notes will be redeemed on November 2, 2009, at a redemption price of 101.271% of the principal amount thereof, plus accrued and unpaid interest to November 2, 2009.

 

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02
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SpongeTech(R) Delivery Systems, Inc. (the "Company") "The Smarter Sponge(TM)", (OTCBB: SPNGE), today announced that on September 25, 2009, the Company received a letter from the Financial Industry Regulatory Authority (FINRA) stating that, pursuant to NASD Rule 6530, the Company is required to file with the Securities and Exchange Commission its Annual Report on Form 10-K for the year ended May 31, 2009 (the "Annual Report") by no later than October 16, 2009. If the Company does not comply with this requirement, the Company's shares of common stock would not be eligible for continued quotation on the OTC Bulletin Board. The Company is requesting an appeal hearing with FINRA regarding the determination of the Company's security listing eligibility.

Moog Inc. (NYSE: MOG.A and MOG.B) today announced that it has closed its public offering and sale of 2,675,000 shares of Class A common stock (which number of shares includes 175,000 shares sold to the underwriters' pursuant to the exercise in part of their over-allotment option) at a price of $29.50 per share. Net proceeds to Moog from the offering were approximately $75 million.

Whitney Holding Corporation (Nasdaq:WTNY) will announce third quarter 2009 financial results on October 19, 2009 after the market closes. Management will host a conference call for analysts and investors at 4:30 p.m. Central Time to review the results.

 

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02
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Investors Bancorp, Inc. (Nasdaq: ISBC), announced that it expects to report earnings for the first quarter ended September 30, 2009, on Thursday, October 22, 2009 at approximately 5:00 p.m. Eastern Time (ET). A copy of the news release will be immediately available on its web site, www.isbnj.com.

Trimeris, Inc. ("Trimeris") (NASDAQ:TRMS) today announced that it has entered into a merger agreement with Arigene Co., Ltd., a Korean corporation traded on the Korean Securities Dealers Association Quotation System ("Arigene") (KOSDAQ: 067850) pursuant to which Arigene has agreed to acquire Trimeris for approximately $81 million through a cash tender offer of $3.60 per share, followed by a merger to acquire all remaining outstanding Trimeris shares at the same price per share paid in the tender offer. The tender offer price represents an approximately 55% premium to Trimeris' average stock price over the last three month period ending on October 1, 2009 and an approximately 40% premium to the closing price of Trimeris' common stock on October 1, 2009.

Little Bear Investments LLC, ("Little Bear") an owner of CIT Group, Inc. ("CIT") (NYSE:CIT) debentures, approves of today's release by the CIT Board of Directors and Steering Committee (collectively, the "Committee") of the Offering Memorandum, Disclosure Statement and Solicitation of Acceptances of a Prepackaged Plan of Reorganization (the "Bond Exchange"). The Bond Exchange is designed to reduce the direct and indirect unsecured debt in CIT by approximately $5.7 billion. In order to accomplish this, the Bond Exchange offers certain bondholders the right to exchange existing unsecured bonds ("Old Notes") for new secured bonds ("New Notes") plus additional consideration consisting of new shares of preferred stock ("New Preferred").

 

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02
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The Reaves Utility Income Fund (NYSE Amex: UTG) today announced the next three monthly dividends at a rate of $0.115 per common share per month, unchanged from the per share rate paid for the previous quarter. The dividend represents an annualized yield of 8.75% based on the current market price. As of October 1, 2009, the Fund's market price was $15.78 per share and its net asset value was $15.94 per share.

Pro-Fac Cooperative, Inc. (Nasdaq: PFACP), an agricultural cooperative, today announced a $.20 per share dividend, payable November 2, 2009, to shareholders of record of its Class A cumulative preferred stock at the close of business on October 15, 2009.

Glacier Bancorp, Inc.'s (Nasdaq: GBCI) today announced the completion of the acquisition of First National Bank & Trust, a community bank based in Powell, Wyoming. First National Bank & Trust provides community banking services from offices in Powell, Cody and Lovell, Wyoming. At June 30, 2009 the bank had total assets of approximately $280 million.

 

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02
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Axion International Holdings, Inc. (OTCBB: AXIH), a next-generation technology innovator utilizing recycled plastic for high load industrial products, announces the availability of an updated online Investor Fact Sheet.

The Western Union Company (NYSE: WU), a leader in the money transfer segment of global payments, announced today that President and CEO Christina Gold will host a webcast and conference call to discuss third quarter results on October 20, 2009, at 8:30 a.m. Eastern Time. Joining Gold on the call will be Scott Scheirman, Executive Vice President and CFO. A press release highlighting the financial results will be issued at approximately 7:30 a.m. Eastern Time that same day.

10 Holdings Inc. (the "Company") (OTCBB:TRTN) is pleased to announce that it has received confirmation from independent lab tests that its Plastic2Oil fuel has passed ASTM testing.

 

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Sara Creek Gold Corp. (OTC Bulletin Board: SCGC) (the "Company") is pleased to announce that it has entered in to a Share Acquisition and Investment Agreement with Orion Resources, N.V. ("Orion"), a Suriname corporation, for the acquisition of 50% of Orion for a purchase price of US$2,000,000. The acquisition is subject to due diligence and is expected to close on or before November 15, 2009.

Walgreens (NYSE: WAG)(NASDAQ: WAG) today announced George J. Riedl, senior vice president of pharmacy innovation and purchasing, will leave the company at the end of the year.

Synergetics USA, Inc. (NASDAQ: SURG) announced today plans to release results for its fiscal fourth quarter and year ended July 31, 2009 on Wednesday, October 14, 2009, after market close. In conjunction with the release, management will host a conference call the morning of Thursday, October 15, 2009 at 10:30 a.m. Eastern Time.

 

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Oct
02
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CIT Group, Inc. (CIT)
About CIT Group, Inc. (CIT)
CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products, and management advisory services to the

small and middle market companies worldwide.

CIT is up 16.98% with 135,673.170 shares traded October 2, 2009


Cross Country Healthcare Inc. (CCRN)
About Cross Country Healthcare Inc. (CCRN)
Cross Country Healthcare, Inc., through its subsidiaries, provides healthcare staffing services in the United States.

CCRN is up 12.19% with 96,643 shares traded October 2, 2009


Michael Baker Corporation (BKR)
About Michael Baker Corporation (BKR)
Michael Baker Corporation, through its subsidiaries, provides engineering and energy services for public and private sector clients worldwide.

BRR is up 5.20% 90,104 shares traded October 2, 2009

 

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Sign up to receive FREE stock alerts Stock-PR.com at www.stock-pr.comForward Looking Statement This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.

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Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment.Stock Hot Tips publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold StockHotTips.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more) Rule 17B requires disclosure of payment for investor relations.


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Oct
02
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CALGARY, Alberta, Oct. 2, 2009 (GLOBENEWSWIRE) -- Skymark Research, a leading provider of small- and micro-cap independent investment research, today initiated coverage on Infinite Group, Inc.(OTCBB:IMCI - News). Skymark Research is currently offering a complimentary trial subscription. To view our research go to: www.skymarkresearch.com

About SMR:

Skymark Research is a leading provider of independent investment research in North America. Our services include research analysis on the small- and micro-cap markets, real-time news and financial data, market commentary and the SMR newsletter. Skymark Research's staff of small-cap investment professionals is dedicated to providing the small market's investment community with the tools and avenues necessary to make the important investment decisions. To view our research reports on a complimentary trial basis and take advantage of our other services, go to www.skymarkresearch.com and click on the complimentary trial subscription button on our home page, or go directly to our registration page at www.skymarkresearch.com/signup.php

About Infinite Group, Inc.(OTCBB:IMCI - News):

Infinite Group, Inc.(OTCBB:IMCI - News) is a world-class IT services and solutions provider serving a range of government and commercial organizations. Headquartered in Pittsford, New York with offices in the Washington, D.C. metropolitan area and Colorado Springs, Colorado, IGI is focused on the following, interconnected practice areas: IT Infrastructure Services, Virtualization and Consolidation, Cloud Computing, Project and Program Management, and Business and Technology Integration. IGI is dedicated to the alignment of business and technology initiatives, and the delivery of superior results. Infinite Group is publicly traded under the symbol IMCI.OB, and more information about the company is available at www.IGIus.com.

SMR Disclosure:

Skymarkresearch.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. Skymark Research has not been compensated by any of the above mentioned companies. Please read our report and visit our Web site, www.skymarkresearch.com, for complete risks and disclosures.

Contact:

Skymark Research
Dylan Boyle
202-657-6249
info@skymarkresearch.com

 

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Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment (read more) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) has received five thousand dollars from a third party for 2 days of advertisement services for Infinite Group Inc. IMCI


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Oct
02
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Upgrades

Company Ticker Brokerage Firm Ratings Change Price Target
Cross Country CCRN Sun Trust Rbsn Humphrey Neutral » Buy $13
AMN Healthcare Services AHS Sun Trust Rbsn Humphrey Neutral » Buy $13
Wynn Resorts WYNN Soleil Hold » Buy $80
BB&T Corp BBT Keefe Bruyette Mkt Perform » Outperform  
Costco COST Robert W. Baird Neutral » Outperform $53 » $65
WD-40 Company WDFC JP Morgan Neutral » Overweight  
Intel INTC Oppenheimer Perform » Outperform $28
Repsol SA REP JP Morgan Underweight » Neutral  
Michael Baker BKR Janney Mntgmy Scott Neutral » Buy  
Apple AAPL UBS Neutral » Buy $170 » $265
US Bancorp USB Keefe Bruyette Mkt Perform » Outperform $21 » $28
SW Energy SWN Deutsche Securities Hold » Buy $58

Downgrades

Company Ticker Brokerage Firm Ratings Change Price Target
Winnebago Inds WGO Robert W. Baird Neutral » Underperform $11
Life Time Fitness LTM Oppenheimer Outperform » Perform  
Avery Dennison AVY UBS Neutral » Sell  
eHealth EHTH Merriman Buy » Neutral  
PNC Bank PNC Keefe Bruyette Mkt Perform » Underperform  
Telefonos de Mexico TMX JP Morgan Neutral » Underweight  
XTO Energy XTO Deutsche Securities Buy » Hold  
Pengrowth Energy PGH Canaccord Adams Buy » Hold

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02
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PITTSFORD, N.Y.--(CRWENewswire)--Infinite Group, Inc. (OTCBB:IMCI) today announced that Donald W. Upson has joined the company’s Board of Directors. Currently the principal partner at ICG Government, a management consulting firm, Mr. Upson has more than 32 years of experience in the planning and implementation of technology programs across a wide variety of government agencies and departments.


Upson will provide strategic guidance to Infinite Group, Inc. (IGI) management as the company continues to penetrate various markets in local, state and federal government. Key areas of focus for IGI include IT infrastructure services, virtualization, project and program management, as well as business and technology integration. Additionally, IGI is developing proprietary offerings in the “Cloud Computing” space, with an emphasis on securing and managing data, as well as reducing overall IT costs.

“We are thrilled to welcome Don Upson to Infinite Group’s Board of Directors,” commented Michael S. Smith, President and CEO of IGI. “As we grow, and evolve into an organization that offers more services to governments at all levels, Don’s input and guidance will become a valuable strategic asset to our firm.”

Prior to joining ICG Government, Mr. Upson served as Virginia’s first Secretary of Technology, combining CIO, economic development and research roles. Prior to that he was Vice President of Business Development for Litton PRC and served as Staff Director of the House Government Operations Committee, from 1986-1992. He was also Chief of Staff for Congressman Frank Horton (1982-1986) and Director of Regulatory Affairs for Colt Industries. He is a graduate of California State University, Chico and was awarded an Honorary Doctorate in Humane Letters from Marymount University, and has also completed graduate work in public administration at George Washington University. He is a resident of Richmond, Virginia.

About Infinite Group, Inc.

Infinite Group, Inc. (IGI) is a world-class IT services and solutions provider serving a range of government and commercial organizations. Headquartered in Pittsford, New York, with offices in the Washington, D.C., metropolitan area and Colorado Springs, Colorado, IGI is focused on the following, interconnected practice areas: IT Infrastructure Services, Virtualization and Consolidation, Cloud Computing, Project and Program Management, and Business and Technology Integration. IGI is dedicated to the alignment of business and technology initiatives, and the delivery of superior results. Infinite Group is publicly traded under the symbol IMCI.OB, and more information about the company is available at www.IGIus.com.

This news release may include statements that may constitute “forward-looking statements,” including estimates of future business prospects or financial results, as to which there is no assurance. Any forward-looking statements herein are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. There are many factors that could cause actual results of Infinite Group, Inc. (IGI) to differ materially from forward-looking statements. Please refer to a discussion of these factors in the Company’s Annual Reports on Form 10-KSB, Quarterly Reports on Forms 10-QSB and other Securities and Exchange Commission filings, which are incorporated herein by reference. IGI disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

IGI Media and Investor Relations Contact
William Freed, 707-658-2843
william@motv-marketing.com
or
Infinite Group, Inc.
Michael S. Smith
President and Chief Executive Officer
585-385-0610
Msmith@IGIus.com

 

 

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Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment (read more) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) has received five thousand dollars from a third party for 2 days of advertisement services for Infinite Group Inc. IMCI


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