SC Daiy- Tootie Pie Co.Reports Over a $1 Million Gross Profit
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Price: 1.57 Change (%): + 0.07 (4.67) Volume: 17,879 http://bit.ly/95lKYu —————————– Hot Stocks To Watch —————————– Company: Tootie Pie Company (OTCBB: TOOT) End of day:
Price: 0.36 Change (%): – 0.02 (5.26) Volume: 1,000 http://bit.ly/b9RKTj Tootie Pie Company Reports Over a $1 Million Gross Profit SAN ANTONIO(BUSINESS WIRE)Tootie Pie Company, Inc. (OTCBB:TOOT) announced a gross profit of $1,078,349 and annual revenues of $1,686,109, for fiscal year ending March, 2010, reflecting increases in both areas from the 2009 fiscal year.
Were pleased to report an improvement in cash flow of $667,369, resulting primarily from an 82% reduction in cash used for operating activities, said Don L. Merrill, Jr. President & CEO. Merrill attributed the reduced cash flow loss of only $148,037 to cost saving measures adopted by our management team to address the U.S. Economic downturn.
The Company has demonstrated the ability to significantly reduce operating expenses while still maintaining our sales levels, thereby bringing Tootie Pie Company very close to cash flow break even, added Merrill.
Read More >> http://bit.ly/cX5mZq ——————————– Other Small Cap News ——————————– Company: Ramtron International Corporation (Nasdaq: RMTR) http://bit.ly/b9xWZi Ramtron Secures $6.0 Million Term Loan from Silicon Valley Bank COLORADO SPRINGS, Colo.–(BUSINESS WIRE)–U.S. semiconductor maker Ramtron International Corporation (Nasdaq: RMTR), a leading developer and supplier of ferroelectric-based low-power memory and integrated semiconductor products, announced today that it has secured a $6.0 million loan from Silicon Valley Bank to strengthen its working capital position as the company makes the remaining capital and development investments in its current IBM foundry project. The 4-year term loan has a fixed rate of 6.5% and is supplemental to the companys existing $6.0 million line of credit. As of July 1, 2010, the company does not have an outstanding balance on the line of credit.
Read More >> http://yhoo.it/aOFpXD ————————————————————————————– Company: Covenant Transportation Group, Inc. (Nasdaq: CVTI) http://bit.ly/d7Yiey Covenant Transportation Group Announces Expectations Concerning Second Quarter Financial Results Chairman, President and Chief Executive Officer, David R. Parker, offered the following comments: “After reviewing preliminary financial and operating information through the third week of June, we expect to report consolidated results of operations in a range of $0.12 to $0.20 diluted earnings per share for the second quarter of 2010. Our expectations for the second quarter of 2010 compare to a reported net loss of ($0.22) per diluted share for the second quarter of 2009.” Read More >> http://yhoo.it/cQsP96 ———————————————————————————– Company: Level 3 Communications, Inc. (Nasdaq: LVLT) http://bit.ly/bTBB20 Level 3 Delivers Tour de France Content to VERSUS` Online and iPhone Audiences Level 3 to Provide Exclusive CDN, Vyvx, Encoding and End-to-End Support Services for Live and On-Demand Delivery of the 97th Edition of the Tour de France 3 BROOMFIELD, Colo.–(BUSINESS WIRE)–Level 3 Communications, Inc. (NASDAQ: LVLT) today announced that it has been selected again by VERSUS, the exclusive television home of the Tour de France in the U.S., to be the online and mobile content delivery provider for the 2010 edition of the race. This year marks the second consecutive year that Level 3 will partner with VERSUS to stream live Tour de France content to online audiences via the Tour Tracker on www.VERSUS.com and the first year the content is available via iPhone..
Read More >> http://yhoo.it/bm1Qxk —————————————————————————— Company: Optelecom-NKF, Inc. (Nasdaq: OPTC) http://bit.ly/aQ8B64 Optelecom-NKF Reports on Strategic Initiatives GERMANTOWN, Md., July 1 /PRNewswire-FirstCall/ — Optelecom-NKF, Inc. (Nasdaq:OPTC), manufacturer of market leading Siqura=AE advanced video surveillance solutions, today reported it completed the consolidation of manufacturing operations in the U.S. into its existing Dutch manufacturing facility, supplemented with U.S. based contract manufacturing at ACDI, a manufacturing services firm based in Frederick, Maryland. The changes are part of a series of anticipated restructuring initiatives announced April 12, 2010 that are designed to strengthen the Company`s financial and operational framework..
Read More >> http://yhoo.it/a0T1hv —————————————————————————— Company: Northgate Minerals Corporation (NYSE Amex: NXG) http://bit.ly/9z6u31 Northgate Minerals Receives Key Permit for the Development of the Young-Davidson Mine VANCOUVER, July 2 /PRNewswire-FirstCall/ – (All figures in US dollars except where noted) Northgate Minerals Corporation (“Northgate”) (TSX: NGX, NYSE Amex: NXG) is pleased to announce that it has received notice from the Ontario Ministry of Northern Development, Mines and Forestry (“MNDMF”) of acceptance of the Closure Plan for the Young-Davidson Mining Project. Acceptance of the Closure Plan allows Northgate to commence construction and development of the Young-Davidson mine, which is forecast to produce an average of 180,000 ounces of gold per year at a cash cost of $350 per ounce over a 15-year mine life starting in 2012.
Read More >> http://yhoo.it/cMDhXy —————————————————————————— Company: Sandridge Energy Inc. (NYSE: SD) http://bit.ly/9wzQ4A SandRidgeto sell Oklahoma rights for $140M SandRidge Energy signs letter of intent to sell deep-acreage rights for $140 million OKLAHOMA CITY (AP) — SandRidge Energy will sell some deep-acreage rights in Oklahoma to an unnamed company for $140 million.
SandRidge said Friday that the deal would help it pay down debt. It won`t affect its tie-up with Tulsa, Okla. oil and natural gas company Arena Resources, Inc., the company said. The deal is expected to close in the third quarter.
Read More >> http://yhoo.it/8YXjUd —————— MarketNews —————— By Alan Zibel: AP Real Estate Writer Mortgage rates drop to another low, 4.58 pct.
Average rates on 30-year fixed mortgages fall to 4.58 pct., lowest level since mid-1950s WASHINGTON (AP) — Mortgage rates have sunk to the lowest level in more than five decades, but consumers aren`t rushing to refinance their loans or buy homes.
Mortgage company Freddie Mac said Thursday the average rate for 30-year fixed loans sank to 4.58 percent this week.
That`s down from the previous record of 4.69 percent set last week and the lowest since the mortgage company began keeping records in 1971. The last time they were cheaper was the 1950s, when most long-term home loans lasted just 20 or 25 years.
Read More >> http://yhoo.it/9wN5bO ————————————————————- By Tali Arbel: AP Business Writer Manufacturing slows in June, still shows growth Trade group says manufacturing index slows in June, but still shows growth in sector NEW YORK (AP) — An industry trade group`s manufacturing index slipped in June, but was still at a level that suggests growth in the industrial sector..
The manufacturing sector has be
en one of the U.S. economy`s bright spots for nearly a year as companies restock inventories and replace old equipment. As the initial burst of activity for companies coming out of a deep decline during the recession drops off, economic growth will slow, analysts say — especially if consumer spending remains weak.
The Institute for Supply Management said Thursday its index fell to 56.2 last month from 59.7 in May.
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