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(M2 PressWIRE Via Acquire Media NewsEdge) STOCK MARKETING INC PRESENTS :
(NYSE: WZE - Wizzard Software Corp.)
(OTCBB: DUSS - Dussault Apparel, Inc.)
(OTCBB: GCHT - GC China Turbine Corp.)
(NASDAQ: SGI - Silicon Graphics International Corp.)
(NASDAQ: ROYL - Royale Energy, Inc.)
(NASDAQ: SMOD - SMART Modular Technologies (WWH), Inc.)
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(NYSE: WZE - Wizzard Software Corp.)
LATEST NEWS!!
Wizzard Media Launches 24 New iPhone Apps
PITTSBURGH, Nov 05, 2009 -- Wizzard Media (NYSE Amex: WZE), the world's largest podcasting network, today announced the launch of 24 new iPhone(R) Apps available for sale in the App store including Investors Business Daily Editorials and Alaska HDTV. The average price for the new Apps is $1.99.
The newly launched Apps are iPhone companion Apps for popular podcasts on the Wizzard Media Network, offering audiences one-click access to the podcast directly on their iPhone or iPod Touch(R), bonus content and new social communication features creating an unprecedented level of audience engagement.
Wizzard recently announced 2009 third quarter network numbers of 12,281 podcasts downloaded 332 million times in the quarter by over 18 million unique monthly audience members. Approximately 70% of the audience for podcasts subscribe through iTunes(R) from which users download podcasts for their iPhone and iPod(R). Until recently, Wizzard's only means to derive revenues was through podcast publishing services as well as advertising sales.
With the launch of the iPhone App store in iTunes, Wizzard created a unique iPhone App that can be quickly customized for each podcast and allows podcast publishers to generate a new revenue stream by marketing their own iPhone App directly to their audience. Wizzard shares in this revenue with the podcast publisher. Now, with Wizzard's unique podcast companion App for the iPhone, participating podcasts can market their customized App to their audience and then drive future reoccurring episode and subscription sales through a process called in-App purchasing.
Analysts project the App market to be a $1.0 billion market today, headed for $4.0 billion by 2012. With the holiday season approaching and the recent launch of the iPhone in China, Wizzard's Management believes the number of people using iPhones and iPod Touches to consume podcasts and interact with Apps will continue to grow well beyond the current 50 million user base.
Having launched the first podcast App only 95 days ago, Wizzard Media already has launched 70 iPhone Apps with 60 more Apps awaiting approval. Additionally, Wizzard has exclusively licensed 12 high quality, game type Apps and is currently marketing them through targeted podcasts across the Wizzard Media Network. Select podcast Apps on the Wizzard Network have already helped to convert approximately 15% of their audience from free, to paid, in the first 75 days since launch.
"We think our podcast companion App initiative is a game changer for the podcasting industry. We believe the next great opportunity on the web for media is the seamless combination of three trends -- publishing services, advertising and micropayments for App sales," says Dave Mansueto, co-founder Wizzard Media. "Now, podcasting becomes a platform that converts audiences to revenue, accelerated by the micropayment billing process that Apple has created with the App store. We believe this new process is the model for how digital media is published, audiences are grown and revenues derived." "We know there is strong demand for the podcasts we distribute seeing downloads grow from 400 million to well over 1 billion in the last three years and monthly audiences grow from 4 million to 18 million," says Laurie Sims, President of Wizzard Media. "Now that we have a method to charge for podcast content and subscriptions, we believe there is dramatic change ahead for the podcast industry. Unlike most Apps in the App store, podcasters have a distinct advantage to successfully market their App in iTunes due to the fact that they have already built a substantial audience for their product through iTunes." About Wizzard Media: Wizzard Media provides publishing and distribution services to podcasters and monetization services for podcasters. Wizzard Media is the industry's leading podcasting network with an unprecedented 1.2 billion download requests in 2008. Podcasts are a means for independent and professional content creators to publish audio and video shows for the world to enjoy over the Internet or on mp3 players, such as the Apple iPod(R), iPhone(R) and the Microsoft Zune(R). Podcasting is a relatively new phenomenon, but Wizzard Media collectively broadcasts millions of podcast downloads per day through media aggregators like Apple's iTunes and Microsoft's Zune Marketplace. For more information, please visit www.wizzardsoftware.com/media . Wizzard Media is a division of Wizzard Software, a leader in speech technology distribution and development.
(OTCBB: DUSS - Dussault Apparel, Inc.)
LATEST NEWS!!
Dussault Apparel(TM) Expands Retail Distribution
Retailer LIDS to Carry Designer's Hats in More Than 140 Stores
VANCOUVER, BC, Nov 04, 2009 -- Dussault Apparel Inc. (OTCBB: DUSS) announced today that it has expanded its retail distribution throughout North America bringing its total presence into more than 200 retail outlets.
"Dussault Apparel's expanding retail footprint, coupled with the broad acceptance of our moderately priced Deuce by Dussault(TM) Collection by retailers, has given a real boost to the Company and is moving the brand from a regional label to a national brand," said Jason Dussault, CEO of Dussault Apparel, Inc. He continues, "I am also very excited to announce that through our relationship with Concept One, the Deuce Collection brand of headwear will be available at over 140 Lids(TM) stores across North America." Lids is the primary retail brand of Hat World, Inc., a retail leader of officially licensed and branded athletic fashion headwear. It has purchased the entire Fall 2009 collection of Deuce by Dussault(TM) hats for distribution to select stores in November 2009, including its more than 50 Lids locations throughout Canada and www.lids.com(TM).
"We are excited to be working with a person as genuine and talented as Jason Dussault," said Charlie Brodt, Hat World, Inc. Vice President of Merchandise & Marketing. "Jason's creative headwear designs are a great combination of a high end product at an affordable price that will resonate well with Lids customers in Canada and the United States." Concept One is the premier resource for licensed fashion, sports, and entertainment accessories. Its integrated portfolio contains an unprecedented offering -- creating the ultimate, go-to, resource for men's, women's and children's licensed accessory products.
Dussault Apparel, Inc. is a designer, manufacturer, wholesaler and retailer of high-end quality apparel, its product line includes custom designed hoodies, jewelry, t-shirts, hats and leather goods. Dussault Apparel, Inc. trades on the Nasdaq OTC: BB as DUSS. www.dussaultapparel.com
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(OTCBB: GCHT - GC China Turbine Corp.)
LATEST NEWS!!
GC China Turbine Corp. Announces Close of Financing and Completion of Reverse Acquisition -- Company Now Moves Ahead as a Major Wind Turbine Manufacturer
NEW YORK, NY, Nov 05, 2009 -- GC China Turbine Corp. (OTCBB: GCHT) (the "Company" or "GC China") is pleased to announce that pursuant to the previously announced Share Exchange Agreement the company is now the 100% owner of GC Nordic Group and has become a leading manufacturer of state-of-the-art 2-bladed wind turbines based in China.
The consummation of the share exchange transaction was contingent on a minimum equity financing of US$ 8,000,000. Clarus Capital Limited acted as lead placement agent assisting notable clean energy advocates Longboard Capital Advisors LLC in their participation as lead investors together with the support of Southridge Investment Group LLC's clean energy practice and network of renewable energy Investors across the USA and Northern Europe as well as the welcome efforts of many other qualified co-investors.
The financing was over-subscribed resulting in the purchase of 6,400,000 shares of common stock. Additionally, a debt financing transaction closed with Clarus Capital Limited in the amount of US$ 1,000,000, convertible into the Company's common stock at US$ 2.00 per share. The current investment along with the previously announced US$ 10 million round provides the Company with a combined capital raise of US$ 19 million for the issuance of an aggregate total of 18,900,000 shares.
The management of GC China Turbine Corp. is very pleased by the Company's ability to readily access investment capital and is further excited by its early stage sales performance and future growth opportunities. Recent contract announcements amounting to nearly US$ 128 million in sales and plans for the rapid development of newer and significantly more powerful turbines provides a strong fundamental platform from which to capitalize on GC China's innovative technology and unique market position. With the conclusion of the share exchange transaction and financing the Company now has the ability to forge ahead with strategic plans to solidify its position as a leading manufacturer in the rapidly growing and government mandated wind power energy sector in China.
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(NASDAQ: SGI - Silicon Graphics International Corp.)
LATEST NEWS!!
SGI Reports Q1 Fiscal 2010 Financial Results
Strong Revenue and Gross Margin Performance
FREMONT, Calif., Nov 04, 2009) -- SGI (NASDAQ:SGI), a global leader in HPC and data center solutions, today announced financial results for its first quarter of fiscal 2010, which ended September 25, 2009.
Q1 GAAP revenue was $100.1 million, compared to $58.4 million in the prior quarter and $65.1 million in the comparable year ago quarter. Non-GAAP revenue was $122.7 million, compared to $60.5 million in the prior quarter. The company did not report non-GAAP revenue in the comparable year ago quarter. On a sequential basis, GAAP revenue grew by 71% and non-GAAP revenue grew by 103%.
Q1 GAAP gross margin was 22.3%, compared to 8.7% in the prior quarter and 17.0% in the comparable year ago quarter. Non-GAAP gross margin was 28.4%, compared to 15.2% in the prior quarter and 17.4% in the comparable year ago quarter. On a sequential basis, GAAP gross margin percentage grew by 156% and non-GAAP gross margin percentage grew by 87%.
"SGI delivered a solid quarter in terms of revenue, gross margin and operations. We increased revenue by 103% and expanded gross margin up to a record 28.4%, both on a non-GAAP basis," stated Mark J. Barrenechea, president and CEO of SGI. "Operationally, our integration is ahead of schedule in most key areas. We also introduced new products that could expand our addressable market by over $1.7 billion while investing for long-term growth." Q1 GAAP net loss from continuing operations was $0.60 per share, compared to GAAP net loss of $0.17 per share for the comparable year ago quarter. Q1 Non-GAAP net loss was $0.09 per share, compared to a non-GAAP net loss of $0.04 per share for the comparable year ago quarter. (Please see the financial tables accompanying this release for details on all non-GAAP metrics and their reconciliation to GAAP measures.) SGI ended Q1 with $123.5 million in cash, cash equivalents, long-term and short-term investments and restricted cash, compared to $139.5 million at the end of the prior quarter.
Business and Financial Highlights SGI maintains the 2010 fiscal year internal planning objectives discussed in the prior quarter, and further highlights the following: -- Revenue increased by 103% from the prior quarter and 88% from the comparable year ago quarter on a non-GAAP basis, in part due to the acquisition of the assets of Silicon Graphics, Inc.
-- Gross margin of 28.4% on a non-GAAP basis.
-- Services 33% of revenue and International 31% of revenue, both on a non-GAAP basis.
-- Storage 16% of revenue on a non-GAAP basis.
-- Strong industry performance and diversification: Cloud, Defense, Intelligence, Financial Services, and Manufacturing.
-- Strong customer performance including: British Telecom, ONERA, Naval Research Laboratories, Audi, Skoda, Amazon, Spotify and Microsoft.
-- Expanded addressable market by $1.7 billion with the introduction of Octane III and CloudRack X2, targeting personal supercomputing and workgroup markets.
-- Completed headquarters consolidation to Fremont, CA.
-- Completed manufacturing consolidation to Chippewa Falls, WI.
-- Set a world record in benchmark testing while also beating IBM, HP and Sun by a more than a factor of two in every test. The Altix 4700 claimed three Standard Performance Evaluation Corporation (SPEC) benchmark world records at the Leibniz Supercomputing Centre (LRZ).
Conference Call Information SGI will discuss these financial results in a conference call at 2:00 p.m. PT today. The public is invited to listen to a live web cast of the call on the Investor Relations section of the Company's website at investors.sgi.com. A replay of the web cast will be available approximately two hours after the conclusion of the call and remain available until the next earnings call. An audio replay of the conference call will also be made available approximately two hours after the conclusion of the call. The audio replay will remain available for five days and can be accessed by dialing 719-457-0820 or 888-203-1112 and entering the confirmation code: 9725418.
About SGI SGI(R) is a global leader in cloud computing and high-performance computing and is dedicated to solving our customers' most demanding technology and business challenges. Visit www.sgi.com for more information.
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(NASDAQ: ROYL - Royale Energy, Inc.)
LATEST NEWS!!
Royale Tests New Field Discovery SAN DIEGO, Nov 05, 2009 -- Royale Energy, Inc. (NASDAQ:ROYL) today released the test results of the Goddard 7-1. On Oct 15 the company announced a new field discovery near its successful Lonestar field. This week's completion activities resulted in a stabilized flow rate of 2,450 MCF per day on a restricted choke. Based on these results the well is capable of significantly higher producing rates, and the company expects to begin production at an initial rate of 2,500 MCF per day.
The first follow up to the Goddard discovery began drilling Oct 28. The Wylie #1 will test a similar nearby 3D seismic amplitude anomaly. Royale Energy will drill additional follow up wells by the end of this year.
About the Company Headquartered in San Diego, Royale Energy, Inc. is an independent energy company. The company is focused on development, acquisition, exploration, and production of natural gas and oil in California, Texas and the Rocky Mountains. It has been a leading independent producer of oil and natural gas for over 20 years. The company's strength is continually reaffirmed by investors who participate in funding over 50% of the company's new projects. Additional information about Royale Energy, Inc. is available on its web site at www.royl.com.
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(NASDAQ: SMOD - SMART Modular Technologies (WWH), Inc.)
LATEST NEWS!!
SMART Modular Technologies to Host Analyst Day in New York City on November 11
NEWARK, CA, Nov 05, 2009 -- SMART Modular Technologies (WWH), Inc. ("SMART" or the "Company") (NASDAQ: SMOD), a leading independent manufacturer of memory modules, solid state drives, embedded computing subsystems, and TFT-LCD display products, today announced that it will hold its Analyst Day at the W Hotel Times Square in New York City on Wednesday, November 11, 2009.
Senior members of SMART's management team will host a series of presentations from 8:00 a.m. ET until 1:30 p.m. ET on November 11, 2009. A live audio webcast and replay of the event will be made available on the Investor Relations section of the Company's website at www.smartm.com. To RSVP for the analyst day event, please contact Suzanne Craig by phone: 415-217-4962, or by email: Suzanne@blueshirtgroup.com.
About SMART SMART is a leading independent designer, manufacturer and supplier of electronic subsystems to original equipment manufacturers, or OEMs. SMART offers more than 500 standard and custom products to OEMs engaged in the computer, industrial, networking, gaming, telecommunications, and embedded application markets. Taking innovations from the design stage through manufacturing and delivery, SMART has developed a comprehensive memory product line that includes DRAM, SRAM, and Flash memory in various form factors. SMART also offers high performance, high capacity solid state drives for enterprise, defense/aerospace, industrial automation, medical, and transportation markets. SMART's Display Products Group designs, manufactures, and sells thin film transistors (TFT) liquid crystal display (LCD) solutions to customers developing casino gaming systems as well as embedded applications such as kiosk, ATM, point-of-service, and industrial control systems. SMART's presence in the U.S., Europe, Asia, and Latin America enables it to provide its customers with proven expertise in international logistics, asset management, and supply-chain management worldwide. See www.smartm.com for more information.
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