With us today is Frank C. Smeenk President & Chief Executive Officer of KWG Resources Inc. Mr. Smeenk discusses recent conversation with Noront Resources after proposed acquisition of Cliffs Chromite was announced.
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 February 8th , 2012, and we’ve found 5 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.
LRAD Corporation Announces Fiscal Q1 2012 Results
LRAD Corporation (Nasdaq: LRAD), the world’s leading provider of long range acoustic hailing devices (AHDs), today announced revenues of $3.6 million and net income of $314,000, or $0.01 per diluted share, for its first fiscal quarter ended December 31, 2011.
Revenues for fiscal Q1 2012 increased 64% from $2.2 million recorded in fiscal Q1 2011. Gross profit for fiscal Q1 2012 was $1.7 million, or 48% of revenues, compared to $992,000, or 45% of revenues, for the same period a year ago .
Net income for fiscal Q1 2012 was $314,000, or $0.01 per diluted share, compared to a net loss of $355,000, or $(0.01) per share, for the same period last year.
About LRAD Corporation LRAD Corporation's Long Range Acoustic Device® (LRAD®) directional communication systems are being used around the world in diverse applications including fixed and mobile military deployments, maritime security, critical infrastructure and perimeter security, commercial security, border and port security, law enforcement and emergency responder communications, and wildlife preservation and control. For more information about LRAD Corporation and its long-range directional sound systems, please visit the company's web site at http://www.lradx.com/.
LAST Trade: 1.51 52 Week: 3.36 – 1.31 Market Cap: 48.89 Million
Iteris Awarded $1.5 Million Contract to Extend Maintenance and Operations for Inland Empire’s 511 Traveler Information System
Iteris, Inc. (NYSE Amex: ITI), a leader in traffic management solutions, was awarded a $1.5 million, five-year contract by the Riverside County Transportation Commission (RCTC), in cooperation with the San Bernardino Associated Governments (SANBAG). Iteris was engaged to operate and maintain the Inland Empire’s 511 (IE 511) traveler information system, with work on the project expected to run through June 2016.
Under this new contract, Iteris will be converting the existing IVR platform to its proprietary IVR to reduce ongoing costs, and streamline the operations and maintenance of the overall 511 system, reporting regularly to RCTC on system up-time and user statistics.
About Iteris, Inc.
Iteris, Inc. is a leader in traffic management focused on the development and application of advanced technologies that reduce traffic congestion, minimize the environmental impact of traffic congestion, and improve the safety of surface transportation systems infrastructure
Last Trade: 1.45 52 Week: 1.81 – 0.90 Market Cap: 49.68 Million
Titan Intersects 700 Feet of 20% Iron and 6.1% Titanium at Its Wyoming Iron Complex
Titan Iron Ore Corp. ("Titan", the "Company") (OTCBB:TFER) is pleased to announce the following highlighted results of its winter, 2011 drilling program from the Strong Creek Fe/Ti deposit at the Wyoming Iron Complex located in Albany County, Wyoming. The results from the first hole of the program may not reflect the results of the other holes from which assays are pending. However, visual inspection and analysis done in the core logging exercise indicates that both of the other holes drilled could yield similar results.
The three holes drilled by Titan represent only an 800 foot cross section of the deposit, which covers only 50% of its total estimated width. On the surface the deposit has been tracked for a length of more than 5,000 feet by 1,500 feet wide. All three holes were terminated in mineralized material and it is our expectation that the deposit may be open at depth; indicating that the resource has considerable potential to grow.
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About Titan Iron Ore Corp.
Titan is based in Tucson, Arizona and trades on the OTC Bulletin Board under the trading symbol "TFER". The Company is focused on the acquisition and development of iron ore exploration and development mining properties located in regions that enjoy stable politics, sound economies and friendly business environments.
Last Trade: 1.21 52 Week: 1.52 – 0.25 Market Cap: 60.18 Million