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Walgreen (NYSE: WAL) Reports 4.5 Percent Rise in 2Q Profit PDF Print E-mail
Thursday, 25 March 2010 13:48

Walgreen Co. (NYSE: WAL) reported Tuesday that the company’s profit rose 4.5 percent during its fiscal second quarter as its prescription drug sales rose, according to Associated Press.

The company said it sold about 2 million flu shots in December, January and February, less than half the 5 million it administered over the three previous months but more than the 1.2 million it gave during the 2008-09 flu season.

The company said it earned $669 million, or 68 cents per share, in the second quarter, up from $640 million, or 65 cents per share, a year earlier. Restructuring expenses reduced its profit by 2 cents per share. Revenue rose 3.1 percent to $16.99 billion from $16.48 billion.

Analysts surveyed by Thomson Reuters, who typically exclude one-time costs like restructuring, on average expected Walgreen to earn 71 cents per share on $17.17 billion in revenue.

Earlier this month, the company suggested its second-quarter would be just under $17 billion. Wall Street's expectations have come down in the last few weeks, but analyst estimates did not fully reflect that result.

Walgreen's prescription revenue increased 3.2 percent as more customers filled 90-day prescriptions but just under 1 percent at stores open at least a year. Sales of other items, like magazines, cosmetics, and food, fell 1.6 percent at stores open at least a year.

The company's overall sales at stores that had been open at least a year fell 0.2 percent.

Walgreen also is in the midst of buying New York City drugstore chain Duane Reade in a deal announced in February that will make Walgreen the leading drugstore operator in the city.

Walgreen acquired or opened 41 stores during the quarter, and closed or relocated 8 stores. At the end of February, it ran 7,180 stores in all 50 states, along with Puerto Rico, Guam, and Washington, DC. The company also has 500 work site health centers, home care facilities, and specialty and other pharmacies.

Walgreen shares rose 58 cents, or 1.6 percent, to close at $35.91 Tuesday.

Orofino Gold Corp. - Major Gold Find To Be Verified

 

HONG KONG, China, March 25 - Orofino Gold Corp. (ORFG) ("Orofino Gold" or the "Company") is pleased to announce that the initial results from the first Qualified Persons, NI 43-101 Compliant, review of existing exploration and field data as well as a recent field visit were considered to be exceptional and due to this development, Orofino Gold Corp's Managing Director has taken the initiative to consult additional independent geologists to validate and verify the findings. The verification of the results is to take place on or before April 15, 2010.

All shareholders will be kept abreast of the process and will be informed upon completion of this verification. When the findings are confirmed by independent geologists, shareholders will be extremely pleased. As the price of gold today is nearing $1100 USD/OZ this could be a very rich discovery.

About Orofino Gold Corp. (ORFG)

Orofino Gold is a precious metals acquisition, exploration, and development company. The Company acquires and explores strategically-located precious metals properties in the historically rich gold bearing jurisdictions of Colombia and Mexico. To this end OROFINO has signed an option agreement to acquire several properties in Colombia. The Company is listed on the Pink Sheets under the symbol ORFG.

 
Brazilian Mining Corp. Appoints President of Terrax, Murray Owen to its Board of Directors PDF Print E-mail
Monday, 22 March 2010 17:59

Brazilian Mining Corp. (Pink Sheets: BRZM), from the new joint business agreement with Terrax Inc., has appointed the President of Terrax, Mr. Murray Owen, to join their Board of Directors. He brings more than 25 years of management and marketing experience to help BRZM define their business model for the benefit of shareholders.

Founded in 2000, Terrax is a solutions integrator of image data and hyperspectral imaging to provide real time detection and alert systems for commercial security and civilian applications.

Thresher Industries Announces Conference Call

HANFORD, Calif., March 22 /PRNewswire-FirstCall/ -- Thresher Industries (Pink Sheets: THRR) is announcing it has finalized its plans for a conference call to investors.  The conference call is for shareholders and interested parties, to clarify the offer received on March 9, 2010 to purchase Thresher Industries.  Roger Rowell, the company's CFO, will speak, as well as the company's Securities Counsel.  The call is scheduled to take place at 11:00AM PDT on Wednesday, March 24, 2010.  Thresher will have the call in information posted on its website www.thresherindustries.com.

About Thresher Industries, Inc.

Thresher Industries, Inc. is a leading manufacturer of low carbon footprint conventional and custom machined die castings made from 100% recycled aluminum and metal matrix composites. Based in Hanford, California, the Company operates an ISO 9000-compliant, "green" foundry that integrates bio-degradable technologies and processes to lower the economic and environmental costs of production. Thresher offers full engineering support, designing, and prototype development to a variety of industries including: agriculture, aerospace, defense, transportation, and automotive in the U.S. and Europe. For more information, visit http://www.thresherindustries.com.

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

 
Network Equipment Technology Enters Global Reseller Agreement with HP PDF Print E-mail
Monday, 22 March 2010 17:55

Network Equipment Technologies, Inc. (NASDAQ: NWK) (“NET”) has signed a global reseller agreement with HP, under which NET’s networking products which support Microsoft unified communications (UC) applications to be sold worldwide by HP.

The combined NET, Microsoft and HP solution will help organizations enhance business quality by empowering their employees with the latest tools for enhanced communications including VoIP, telecommunications and technology operating costs.

Network Equipment Technologies, Inc. (NET) provides network and VoIP solutions to enterprises and government agencies that seek to reduce the cost to deploy next generation unified and secure communications applications.

Thresher Industries Announces Conference Call

HANFORD, Calif., March 22 /PRNewswire-FirstCall/ -- Thresher Industries (Pink Sheets: THRR) is announcing it has finalized its plans for a conference call to investors.  The conference call is for shareholders and interested parties, to clarify the offer received on March 9, 2010 to purchase Thresher Industries.  Roger Rowell, the company's CFO, will speak, as well as the company's Securities Counsel.  The call is scheduled to take place at 11:00AM PDT on Wednesday, March 24, 2010.  Thresher will have the call in information posted on its website www.thresherindustries.com.

About Thresher Industries, Inc.

Thresher Industries, Inc. is a leading manufacturer of low carbon footprint conventional and custom machined die castings made from 100% recycled aluminum and metal matrix composites. Based in Hanford, California, the Company operates an ISO 9000-compliant, "green" foundry that integrates bio-degradable technologies and processes to lower the economic and environmental costs of production. Thresher offers full engineering support, designing, and prototype development to a variety of industries including: agriculture, aerospace, defense, transportation, and automotive in the U.S. and Europe. For more information, visit http://www.thresherindustries.com.

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

 
Lyrics Culture Announces New Jewelry Collection PDF Print E-mail
Monday, 22 March 2010 17:53

Lyric Jeans, Inc. (Pink Sheets: LYJN) announced that Lyric Culture expanded its brand into jewelry. Lyric Culture is the company’s rock n’ roll lifestyle brand driven by song lyrics made famous by legendary musicians.

The first collection hit stores like Fred Segal, Kitson and various department stores in November 2009 in time for the holiday season.

The upcoming collection is scheduled to ship out in May 2010 and includes stacked rings, chain necklaces and hoop earrings with accent Swarovski crystals and engraved with song lyrics.

Lyric Culture is a music-driven premium lifestyle brand involving lyrical content on denim wear, t-shirts, cashmere and accessories. Lyric Culture allows the wearer to express themselves through the words of their favorite song -- a modern twist to wearing your heart on your sleeve.

Thresher Industries Announces Conference Call

HANFORD, Calif., March 22 /PRNewswire-FirstCall/ -- Thresher Industries (Pink Sheets: THRR) is announcing it has finalized its plans for a conference call to investors.  The conference call is for shareholders and interested parties, to clarify the offer received on March 9, 2010 to purchase Thresher Industries.  Roger Rowell, the company's CFO, will speak, as well as the company's Securities Counsel.  The call is scheduled to take place at 11:00AM PDT on Wednesday, March 24, 2010.  Thresher will have the call in information posted on its website www.thresherindustries.com.

About Thresher Industries, Inc.

Thresher Industries, Inc. is a leading manufacturer of low carbon footprint conventional and custom machined die castings made from 100% recycled aluminum and metal matrix composites. Based in Hanford, California, the Company operates an ISO 9000-compliant, "green" foundry that integrates bio-degradable technologies and processes to lower the economic and environmental costs of production. Thresher offers full engineering support, designing, and prototype development to a variety of industries including: agriculture, aerospace, defense, transportation, and automotive in the U.S. and Europe. For more information, visit http://www.thresherindustries.com.

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

 
Del Monte Foods Company (NYSE:DLM) Declares Cash Dividend PDF Print E-mail
Monday, 22 March 2010 17:49

Del Monte Foods Company (NYSE:DLM) has declared a cash dividend of $0.05 per common share. The dividend is payable on may 6, 2010. The record is set at the close of business on April 22, 2010.

Del Monte will be participating in the Barclays Capital High Yield Bond and Syndicated Loan Conference on March 24-26. The company will begin its presentation on Thursday, March 25 at 1:10 pm ET. Those unable to attend the event may listen to a webcast of the presentation on the company’s investors website, http://investors.delmonte.com.

Del Monte Foods Company (Del Monte) is a producer, distributor and marketer of branded food and pet products for the United States retail market. The Company operates in two segments: Consumer Products and Pet Products. The Consumer Products segment includes the Consumer Products operating segment, which manufactures, markets and sells branded and private label shelf-stable products, including fruit, vegetable, tomato and broth products. The Pet Products segment includes the Pet Products operating segment, which manufactures, markets and sells branded and private label dry and wet pet food and pet snacks. On October 6, 2008, Del Monte Corporation (DMC), a wholly owned subsidiary of the Company, sold Galapesca S.A., Panapesca Fishing, Inc. and Marine Trading Pacific, Inc. to Starkist Co.

Thresher Industries Announces Conference Call

HANFORD, Calif., March 22 /PRNewswire-FirstCall/ -- Thresher Industries (Pink Sheets: THRR) is announcing it has finalized its plans for a conference call to investors.  The conference call is for shareholders and interested parties, to clarify the offer received on March 9, 2010 to purchase Thresher Industries.  Roger Rowell, the company's CFO, will speak, as well as the company's Securities Counsel.  The call is scheduled to take place at 11:00AM PDT on Wednesday, March 24, 2010.  Thresher will have the call in information posted on its website www.thresherindustries.com.

About Thresher Industries, Inc.

Thresher Industries, Inc. is a leading manufacturer of low carbon footprint conventional and custom machined die castings made from 100% recycled aluminum and metal matrix composites. Based in Hanford, California, the Company operates an ISO 9000-compliant, "green" foundry that integrates bio-degradable technologies and processes to lower the economic and environmental costs of production. Thresher offers full engineering support, designing, and prototype development to a variety of industries including: agriculture, aerospace, defense, transportation, and automotive in the U.S. and Europe. For more information, visit http://www.thresherindustries.com.

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

 


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