DrStockPick Presents Stock Alert On NASDAQ:ISSC, ZMGD.PK and NASDAQ:CRWN.
Thursday, July 29th, 2010![]()
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Innovative Solutions & Support, Inc. (NASDAQ:ISSC) reported its financial results for the fiscal 2010 third quarter ending June 30, 2010.
Revenue in the third quarter improved over the immediately preceding quarter, increasing to $7.8 million from $5.4 million, and up incrementally from the third quarter of fiscal 2009. Operating income in the third quarter was $1.6 million, up 57% from the fiscal 2009 third quarter and up on a sequential basis from an operating loss in the second quarter of the current fiscal year. For the third quarter, the Company reported net income of $1.39 million, or $0.08 per fully diluted share, up from net income of $1.25 million, or $0.07 per diluted share, in the third quarter of fiscal 2009 and up sequentially from a net loss of ($746,000), or ($0.04) per share in the second quarter of fiscal 2010. Cash flow from operations in the quarter was $2.4 million compared to $1.9 million in the comparable prior year quarter, an increase of 26%.
“We are pleased to report improvement in top and bottom line performance in the quarter, despite the continued sluggish economy,” said Geoffrey Hedrick, Chairman and Chief Executive Officer of Innovative Solutions & Support, Inc. “Our margins in the quarter were up from the year ago period on incrementally higher revenues. The increase is attributable to both the operating leverage of the Company’s business model and the delivery of products with increased functionality. During the quarter, we generated positive operating cash flow and increased our backlog.”
The company continues to have a strong balance sheet with cash of $38.0 million and virtually no debt. Backlog as of June 30, 2010 was $39.2 million compared to $35.0 million at March 31, 2010, an increase of $4.2 million.
Headquartered in Exton, Pennsylvania, Innovative Solutions & Support, Inc. is a systems integrator engaged in the design, manufacture and marketing of Flat Panel Display Systems, Air Data equipment, Flight Information Computers, Engine and Fuel Measurement and Control Computers, and advanced monitoring systems that measure and display critical flight information. This includes data relative to aircraft separation, airspeed and altitude as well as fuel and instrument measurements.
Zamage Digital Art Imaging, Inc (ZMGD.PK) subsidiary Everdow is in the process of determining the scope of the project with Shenzhen Development Bank (SDB).
At this stage, EverdowCRM is assessing the bank’s requirements and developing a plan in order to appropriate Everdow’s customer relations management software system for the Bank. EverdowCRM sent representatives from their leadership team, including two managers and several technical engineers, who will conduct a thorough analysis of needs and familiarize themselves with the current bank infrastructure. The outputs anticipated from this preliminary stage are the initial budget, timeline and strategy for development and implementation.
This news directly follows the press release on June 22, which announced that EverdowCRM had signed a contract with Shenzhen Development Bank.
EverdowCRM will develop, design and deploy their unique customer relations management software system for the ShenZhen Development Bank. This program will help 266 SDB branches across 18 major economic Chinese cities to manage and track their sales and marketing efficiency. SDB has branches in Beijing, Shanghai, Tianjin, Chongqing, Guangzhou, Shenzhen, Hangzhou, Nanjing, Jinan, Dalian, Qingdao, Chengdu, Kunming, Haikou, Zhuhai, Foshan, Ningbo and Wenzhou.
The estimated value of this project is RMB 800,000 (approximately US $117,000). A source close to the company commented, “This contract demonstrates the success of EverdowCRM software on the market. Since SDB is a leader in the banking sector and this relationship could open the floodgates to other financial institutions, or other industry leaders looking for a competitive advantage.
Zamage Digital Art Imaging, Inc. and its subsidiary Everdow Software (Beijing) Inc. (Wing Road Software Co., Ltd.) focus on delivery of high-tech software solutions in business management industry.
Crown Media Holdings, Inc. (NASDAQ:CRWN), owner and operator of Hallmark Channel and Hallmark Movie Channel, reported recently that the Company has completed its previously announced recapitalization transactions with Hallmark Cards, Incorporated and its affiliates.
The Recapitalization transactions include, among other things, approximately $1.162 billion of amounts due to Hallmark Cards and its affiliates being restructured into $315.0 million principal amount of new debt instruments with maturities of December 31, 2013, $185.0 million liquidation preference of convertible preferred stock of the Company, Class B Common Stock being converted into Class A Common Stock with Class A Common Stock becoming the only authorized and outstanding common stock of the Company, and 254,887,860 shares of Class A Common Stock of the Company.
Crown Media Holdings, Inc. owns and operates cable television channels dedicated to high quality, broad appeal, entertainment programming. The Company currently operates and distributes Hallmark Channel in both high definition (HD) and standard definition (SD) to 90 million subscribers in the U.S. Hallmark Channel is one of the nation’s leading networks in providing quality family programming with an ambitious slate of original TV movies, general entertainment and home and lifestyle content. Crown Media also operates a second 24-hour linear channel, Hallmark Movie Channel, available in both HD and SD, featuring the greatest family movies of all time.
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Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings, Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings, Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings, Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings, Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings, Inc. (CRWE.OB) has received twenty-five thousand dollars from a third party (The Consulting Group) for (30) days of advertisement services for ZAMAGE DIGITAL ART (OTC: ZMGD.PK)











