AGORACOM Small Cap TV - May 30th - Highlights
posted on
May 30, 2011 10:20AM
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s May 30th, 2011, and we’ve found 2 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
XZERES Reports Fourth Quarter and Year End 2011 Financial Results and FY 2012 Outlook
XZERES Corp. (OTC.BB:XPWR - News), producer of wind power systems for the small wind market (2.5kW-100kW) and power management devices for the commercial and light industrial market, announced today its financial results for its fiscal fourth quarter and full year ended February 28, 2011.
Financial Results
Revenue for the fourth quarter was $648,000, a 38% sequential increase as compared to the third quarter. Revenue for the fiscal year 2011 ended February 28, 2011, which consisted of the Company's first 3 full quarters of operation, was $1.48 million; with no comparable prior year comparison.
"During the fourth quarter we saw continued growth as we apply significant resources to develop our sales and marketing capabilities from both a tactical and strategic perspective. In addition, our industry is continuing to expand rapidly. Combining our sales and marketing efforts with the rapid expansion of the wind power market, positions us well to become a market leader for small wind power systems and renewable and clean energy solutions," said Frank P. Greco, CEO and President.
Quarterly Business Highlights
About XZERES:
XZERES Corp designs, develops, manufactures and markets distributed generation, wind power systems for the small wind (2.5kW-100kW) market as well as power management solutions. Our grid connected and off grid wind turbine systems, which consist of our 2.5kW and 10kW devices and related equipment, are utilized for electrical power generation for applications and markets such as residential, micro-grid based rural and island electrification, agricultural, small business, rural electric utility systems, as well as other private, corporate infrastructure and government applications.
Last: 0.80Range: 0.88-0.57Market Cap: 15 million
Intertainment's Ortsbo Launches Microsoft Azure Cloud Computing Platform to Support Viral Growth
Intertainment Media Inc INT
Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE: INT)(OTCQX: ITMTF)(FRANKFURT: I4T) announces that at a time when organizations like Google are reporting the closing down of its popular Translate application programming interface, Ortsbo (www.ortsbo.com), the real time language translation platform, is increasing its global social media distribution by offering a fully enabled cloud computing real time translation application built on the Microsoft Windows Azure platform.
Launched ahead of schedule, Ortsbo's new HTML alpha platform offers users the ability to connect initially, to Facebook, MSN and Google GTalk. Other social networks are expected to be implemented quickly on the new platform. The HTML version of Ortsbo combined with the power of Microsoft's Windows Azure cloud platform allows both commercial and consumer use of Ortsbo without the need to download a plug- in, facilitating real time translated chat to virtually all worldwide browser enabled devices. The move to Windows Azure, provides Ortsbo with increased user capacity, speed and performance in an operating expense model versus a traditional capital expense model, providing additional cost savings.
About the company
Intertainment Media owns and operates a number of key properties including Ad Taffy, itiBiti, Ortsbo and Magnum. For more information on the Company and its properties, please visit www.intertainmentmedia.com.
Headquartered in the Toronto, Canada region, with offices in New York, Los Angeles and San Mateo, CA, Intertainment Media Inc. is listed on the Toronto Venture Exchange under the symbol "INT" (TSX VENTURE: INT) and in the US under the symbol "ITMTF". Intertainment is also traded in Europe, on the Frankfurt Exchange under the symbol "I4T".
Last: 1.16Range: 3.35-0.08Market Cap: 145 million