Huge Stock Alert on: (NASDAQ:SDBT)-(NASDAQ:LPHI)-(NASDAQ:MERR)
Rochester NY -- www.otc-advisors.com names: (NASDAQ:SDBT) SoundBite Communications, Inc.,(NASDAQ:LPHI) Life Partners Holdings, Inc. and (NASDAQ:MERR) Merriman Curhan Ford Group, Inc. "Bulls Of The Day"!
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About SoundBite Communications, Inc:
SoundBite Communications is a leading provider of on-demand, multi-channel proactive customer communications solutions designed to transform the way organizations communicate throughout the customer lifecycle to build trusted, lifelong and profitable relationships. Clients can leverage SoundBite's proactive customer communications offering and expertise in designing, executing and optimizing communications strategies to engage in relevant customer interactions that deliver long-term business value. Visit SoundBite.com for more information.
News Today:
BEDFORD, Mass., Mar 26, 2010--SoundBite Communications, Inc. (Nasdaq:SDBT), a leading provider of on-demand, multi-channel proactive customer communications, today announced that its Board of Directors has authorized the repurchase of up to $2.5 million of SoundBite's common stock from time to time on the open market or in privately negotiated transactions.
"This repurchase program is intended to enhance shareholder value, as well as to demonstrate our confidence in the Company's long-term growth prospects," said Jim Milton, president & chief executive officer. "We remain enthusiastic about the opportunities presented by the Proactive Customer Communications market and we believe this repurchase program is prudent in light of our strong balance sheet and cash position."
The timing and amount of any shares repurchased will be determined by SoundBite based on an evaluation of market conditions and other factors. Repurchases may be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when SoundBite might otherwise be precluded from doing so under insider trading laws. The repurchase program may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with SoundBite's stock plans and for other corporate purposes.
The repurchase program will be funded using SoundBite's working capital. As of December 31, 2009, SoundBite had cash and cash equivalents of $36.3 million, and approximately 16 million shares of common stock outstanding.
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About Life Partners Holdings, Inc:
Life Partners is the world's oldest and one of the most active companies in the United States engaged in the secondary market for life insurance, commonly called "life settlements." Since its incorporation in 1991, Life Partners has completed over 100,000 transactions for its worldwide client base of approximately 25,000 high net worth individuals and institutions in connection with the purchase of over 6,200 policies totaling over $2.4 billion in face value.
Visit our website at: www.lphi.com
News Today:
WACO, Texas, Mar 26, 2010--Life Partners Holdings, Inc. (NASDAQ GS: LPHI), parent company of Life Partners, Inc., predicts an increase in earnings for its fiscal year ended February 28, 2010. The company expects to report a 9% increase in revenues and a 5% increase in net income for its 2010 fiscal year over the same period of the prior year. For the fiscal year, Life Partners expects to report revenues of $113 million compared to $104 million for its prior fiscal year. Net income for the current fiscal year will be $28.4 million, or $1.91 per share compared with net income of $27.2 million or $1.83 per split adjusted share during the previous fiscal year.
While income from operations was up by 11%, earnings were affected by a non-recurring, non-operational charge in the fourth quarter resulting from a recognition of the decrease in market value of publicly traded securities acquired about five years ago for liquidity purposes, and the reclassification of those securities as other than temporarily impaired. The decrease in market value coincides with the general decline in the securities markets over the past two years and, after having considered the markets' failure to completely recover during that time, management has determined that the impairment is no longer temporary. Excluding the effect of the one-time charge, the company estimates earnings would have been $2.04 per share.
LPHI Chairman Brian Pardo commented, "Despite the impairment charge, this was still a record year for us and we expect to continue our trend of growth in revenues and earnings to continue during our next fiscal year."
LPHI expects to report these fundamentals:
FISCAL YEAR
Ended 2-28-2010 Ended 2-28-2009
Revenues $113 million $104 million
Income from Operations $ 45 million $ 41 million
Pre-tax Income $ 45 million $ 42 million
Net Income $ 28 million $ 27 million
Earnings Per Share $1.91 per share $1.83 per share
BALANCE SHEET COMPARISON
As of 2-28-2010 As of 2-28-2009
Current Assets $37 million $29 million
Current Liabilities $12 million $ 8 million
Current Ratio 3.2 : 1 3.8 : 1
Working Capital $25 million $21 million
Total Assets $70 million $52 million
Total Liabilities $12 million $ 8 million
Shareholder Equity $58 million $44 million
Return on Assets 46% 64%
Return on Equity 55% 81%
The company will formally file its Form 10-K with the Securities and Exchange Commission on or about May 14, 2010.
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About Merriman Curhan Ford, Inc:
Merriman Curhan Ford (Nasdaq: MERR) is a financial services firm focused on fast-growing companies and the institutions that invest in them. The company offers high-quality investment banking, equity research, institutional services and corporate & venture services, and specializes in five growth industry sectors: CleanTech, Consumer, Media & Internet, Health Care, Natural Resources and Technology. For more information, please go to www.mcfco.com.
News Today:
SAN FRANCISCO, March 26, 2010--Merriman Curhan Ford (Nasdaq: MERR) acted as sole placement agent in OCZ Technology Group, Inc.'s (OTC Bulletin Board: OCZT) $15.5 million private placement of 5,151,662 shares of common stock to several institutional investors at $3.00 per share. The transaction was completed on March 23, 2010.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090911/MCFLOGO)
"We very much appreciate the efforts of Merriman who recognized the potential in our markets, understood the intrinsic value in OCZ and worked closely with us to bring this transaction to a successful conclusion," said Ryan Peterson, president and chief executive officer of OCZ Technology Group.
Details on the transaction can be found at OCZ Technology's web site: http://www.ocztechnology.com/.
About OCZ Technology Group, Inc.
Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. ("OCZ"), is a leader in the design, manufacturing, and distribution of high performance and reliable Solid States Drives (SSDs) and premium computer components. OCZ has built on its expertise in high-speed memory to become a leader in the SSD market, a technology that competes with traditional rotating magnetic hard disk drives (HDDs). SSDs are faster, more reliable, generate less heat and use significantly less power than the HDDs used in the majority of computers today. In addition to SSD technology, OCZ also offers high performance components for computing devices and systems, including enterprise-class power management products as well leading-edge computer gaming solutions. For more information, please visit: www.ocztechnology.com.
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