Trailer Bridge Inc. (Nasdaq:TRBR) reported unaudited financial results for its third quarter and nine-months ended September 30, 2010 .The Company reported revenue of $29.3 million during the quarter, down 3.4% from the prior year period and down 7.5% sequentially from the second quarter of 2010. Excluding the effect of fuel surcharges, revenue decreased by 5.4% from the prior year period and 7.5% from the second quarter of 2010.
Revenues were affected by lower charter rates during the period of $0.9 million, compared to $1.6 million in the prior year period, and $0.9 million sequentially from the second quarter of 2010. The Company reported operating income of $2.5 million in the third quarter of 2010, a 40.3% decrease compared to operating income of $4.1 million in the third quarter of 2009.
Net income for the third quarter of 2010 was $6,876, or $0.00 per basic and diluted share, compared to $1.7 million, or $0.14 per basic and diluted share, in the prior-year period. EBITDA for the third quarter of 2010 was $4.0 million, a 29.2% decline from $5.7 million in the prior-year period. Adjusted EBITDA, as detailed in the accompanying table, was $4.4 million in the third quarter of 2010.
Trailer Bridge, Inc., an integrated trucking and marine freight carrier, provides freight transportation services between the continental United States, Puerto Rico, and the Dominican Republic. It provides services through southbound containers and trailers, as well as through marine vessels that are configured to carry 48 inch and 53 inch long, and 102 inch wide high-cube equipment.
Global Hunter Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Chile. It primarily explores for gold, copper, and base and precious metals. The company was founded in 1988 and is headquartered in Vancouver, Canada.
Global Hunter Corp. (TSX.V:BOB) (FSE:G5D) has arranged a $2,500,000 loan to advance its Corona de Cobre project in Chile. The proceeds from the loan will be used by Global Hunter to fund project expenses and for general working capital purposes.
The loan will have a two year term and loan principal will be convertible at the option of the lender in whole or in part into units (Principal Units) of Global Hunter until eighteen months from the date of the loan advance at the price of $0.06 per Principal Unit. Each Principal Unit will be comprised of one common share and one-half of a non-transferable warrant.
Each whole warrant will be exercisable to purchase one additional common share for $0.10 at any time until eighteen months from the date of the loan advance. The loan will bear interest at the rate of 12% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into units (Interest Units) of Global Hunter until eighteen months from the date of the loan advance at the price of $0.05 per Interest Unit.
Each Interest Unit will be comprised of one common share and one-half of a non-transferable warrant. Each whole warrant will be exercisable to purchase one additional common share for $0.075 at any time until eighteen months from the date of the loan advance.
The lender is at arm's length from Global Hunter and will not become an insider as a result of any conversion of principal and interest. The loan principal and accrued interest will be secured by a pledge of the shares of Global Hunter's subsidiary, Global Hunter Chile Ltda., and may be repaid without penalty or bonus on 30 day's notice. All shares issued on any conversion of loan principal or interest will be subject to a four month hold period from the date of advance of loan proceeds. A finder's fee equal to 6% of the loan proceeds will be paid in cash as permitted by policies of the TSX Venture Exchange and applicable securities laws. The loan is subject to acceptance by the TSX Venture Exchange.
Global Hunter Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Chile. Global Hunter primarily explores for gold, copper, and base and precious metals. Global Hunter was founded in 1988 and is headquartered in Vancouver, Canada.
inContact, Inc. (Nasdaq:SAAS) announced on Nov 23, 2010 the expansion of its footprint in the healthcare market segment with three new customer wins. Healthcare call centers often literally have the lives and health of their customers on the line.
That means they must effectively route calls to the person best trained to take the call and rapidly meet the changing needs of their customers. Like all call centers, though, healthcare organizations must do this while maintaining profitability. Finding that balance can be extremely difficult, but inContact's cloud-based offerings help healthcare providers meet these service challenges.
inContact, Inc. provides cloud computing contact center services and network connectivity in the United States. The company offers inContact suite of services, which is a call center solution delivered on time division multiplexing (TDM) and voice over Internet protocol (VOIP) telecommunications network.
Its inContact solutions include inContact ACD, an automatic call distributor that includes skills-based routing, universal contact queues, automatic call back, and inbound/outbound call blending; inContact CTI, a computer telephony integration that integrates with customer data servers to provide agents pre-populated customer data; inContact IVR, an interactive voice response that delivers initial caller experience; and inContact Integrations for integration of various hardware and software solutions already in place at its customer sites.
PTS, Inc. (PTSH) Announces New VOIP Service Contract
PTS, Inc. (OTC.BB:PTSH) www.ptspi.com/ announced that through its ThinLine division has signed a 3-year Voice Over Internet Protocol (VOIP) contract with MC Universal Art (www.greatamericanart.com).
ThinLine IT: providing CTO services and consulting, remote server and desktop support, disaster recovery, hosted exchange, software development, mobile application development and managed IT services.
ThinLine Connect: providing Internet and communications system consulting, business VoIP, hosted PBX technology, web-based CRM tools, and white-label call center support services.
ThinLine Interactive: providing local search marketing, social media marketing consulting, pay-per-click marketing, web hosting, web development and optimization, and mobile (SMS) marketing.
PTS Current Objectives
ThinLine IT group's primary objective is to help small-to-midsize companies succeed at what they do best, rather than managing the vital but often distracting aspects of IT services and interactive marketing. Our comprehensive service offerings provide companies a virtual business partner who maintains the technologies that make a difference in the level of professionalism and responsiveness of customers' experiences.
ThinLine Technology Group manages, markets and maintains the IT and VoIP infrastructure for small and medium businesses (SMB market) and provides Private Cable Operators (PCO market) private label billing and call center support. At present, the company services over 21,000 clients on behalf of Private Cable Operators and over 400 apartment properties across the United States.
PTSH consists of three divisions of expertise that provides one-stop solutions for customers' technology needs across a broad spectrum of marketing, support and technology services:
About PTS, Inc.
PTS, Inc. does not have significant operations. It intends to acquire undervalued businesses and/or merge with businesses with a history of operating revenues. Prior to February 23, 2010, the company engaged in the provision of accessibility compliance consulting services to government, school districts, and municipalities and other public entities, as well as to retail, commercial, recreational, and corporate customers. PTS, Inc. was founded in 1996 and is based in Las Vegas, Nevada.
Sino-Global Shipping America, Ltd (Nasdaq:SINO) announced its selected unaudited financial results for fiscal quarter ended September 30, 2010.Revenues increased 31.3% to US$8.2 million, from US $6.2 million in the first quarter of 2010.Gross margin decreased to 9.8% compared to 12.8% in the first quarter of 2010.
General and administrative expenses as a percentage of total revenues decreased to 12.5% from 13.7% in the first quarter of 2010.Net loss was US $202 thousand compared to net loss of US$15 thousand in the first quarter of 2010. Basic and diluted losses per share were US$0.05, compared to basic and diluted earnings per share of US$0.03 in the first quarter of 2010.
Sino-Global Shipping America, Ltd., through its subsidiaries, provides shipping agency services primarily in the Peoples Republic of China. The company offers its services for foreign ships coming to Chinese ports. It provides general shipping agency services in 76 ports. The company provides shipping services for bulk and break-bulk general cargo, and vehicle transport, as well as for raw materials, such as crude oil, oil products, iron, manganese, and other metal ores.
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