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SAN DIEGO, March 12, 2019 (NewMediaWire) -- RF Industries, Ltd, (NASDAQ: RFIL), a national manufacturer and marketer of interconnect products and systems, today announced its financial results for the first quarter of fiscal 2019 ended January 31, 2019.First Quarter Fiscal 2019 Financial Highlights:Net sales increased 34% year over year to $10.6 millionGross margin was 30%, the sixth straight quarter with gross margin of at least 30%Net income increased 41% year over year to $640,000, or $0.07 per diluted shareBacklog of $10.6 million at January 31, 2019 on first quarter bookings of $10.9 millionDeclared $0.02 per share dividend, the Company’s 35th consecutive quarterly dividendRobert Dawson, President and CEO of RF Industries, commented:“We are pleased to report another strong quarter that includes solid year-over-year growth in both sales and net income. We drove higher sales in both reporting segments over the prior year with the Custom Cabling segment growing 38% and the RF Connector segment growing 24% in what is seasonally our most difficult quarter. These increases are directly related to the channel strategies that we implemented over the past year as part of the strategic transformation of our business. We continue to focus on building on our strong customer relationships and leveraging our channel partnerships to expand our market presence. We are beginning to see increased business from our distribution channels and we continue to prove that even with some general market uncertainty we are able to be profitable at varying levels of revenue. The recent announcement of the pending C Enterprises acquisition reflects our commitment to grow both organically and through strategic acquisitions of companies that give us access to new capabilities, product sets, customers, and market segments.”First Quarter Fiscal 2019 ResultsNet sales in the first quarter of fiscal 2019 were $10.6 million, an increase of 34%, or $2.7 million, compared to $8.0 million in the first quarter of fiscal 2018. The increase in sales was primarily driven by increased sales at the Company’s Custom Cabling Manufacturing segment. The increase in net sales at this segment is primarily attributable to project work in the OEM and wireless carrier markets in addition to an increase in traditional run rate business.Gross profit for the first quarter was $3.1 million, an increase of $682,000 compared to $2.5 million in the first quarter last year. Gross margins were 30%, the sixth straight quarter with gross margins of at least 30%.Selling and general expenses were $2.0 million compared to $1.8 million in the first quarter last year, reflecting higher compensation paid as a result of the sales gains at the Custom Cabling segment. Despite this increase in expenses, selling and general expenses as a percentage of sales declined to 19% of sales, compared to 22% of sales in the first quarter last year.Net income for the first quarter increased 41% to $640,000, or $0.07 per diluted share, compared to net income of $454,000, or $0.05 per diluted share, in the first quarter last year.Balance Sheet Data; DividendsAt January 31, 2019, the Company reported working capital of $24.8 million, including cash and cash equivalents of $14.0 million, a current ratio of 7.5-to-1 and no outstanding debt.At its March 8, 2019 meeting, the Company’s Board of Directors declared a quarterly cash dividend of $0.02 per common share, payable on April 15, 2019 to stockholders of record on March 31, 2019.Cash dividends are made at the discretion of the Board of Directors, subject to applicable laws, and depend on a number of factors, including the Company's financial condition, results of operations, capital requirements, plans for future acquisitions, contractual restrictions, general business conditions and other factors considered relevant by our Board of Directors.Conference Call and WebcastRF Industries will host a conference call and live webcast today at 1:30 p.m. Pacific Daylight Time (4:30 p.m. EDT) to discuss its first quarter 2019 financial results. To access the ...
Fountain Valley, CA, March 12, 2019 (NewMediaWire) -- Triad Pro Innovators, Inc. (OTC Pink; TPII): Global consumption of golf carts is anticipated to exceed 225,000 units in 2023, in a multi-billion dollar industry, valued at U.S. $2,300,000,000, of which 41% will be in the North American market. Triad Pro projects attaining approximately $70,000,000 worldwide sales of traditional golf and people mover vehicles, by the end of its third production year. This dynamic growth is due to the advantages of utilizing solar power.Because of lower maintenance and operating costs the solar powered golf cart segment of the global golf cart market is anticipated to grow at a faster rate than other electric and internal combustion models. In addition to the demand provided by golf courses, urbanization and industrialization in other countries is expected to drive the demand for local transportation to carry people and goods.Triad Pro announces that its eCell energy storage technology combined with Triad Pro’s new power supply design, has been successfully installed in a solar powered golf cart. The solar powered golf cart, named SPREE, (Solar Powered Renewable Electric Energy) uses Triad Pro’s proprietary hardware and software solutions. Triad Pro’s SPREE golf cart can be charged using only the sun or using the electric grid or a combination of both.For additional information about Triad Pro Innovators visit the website at: triadproinc.com Forward-looking Statements: This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which contain words such as “expect”, “believe” or “plan”, by their nature address matters that are, to different degrees, uncertain. The information in this release is provided only as of the date of this release, and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.Murray Goldenberg 3108902209 m.gol@verizon.net
NEW YORK, NY, March 12, 2019 (NewMediaWire) -- PeerStream, Inc. (“PeerStream,” the “Company,” “we,” “our” or “us”) (OTCQB:PEER), a global internet solutions provider driving adoption of emerging blockchain technologies, will hold a conference call at 4:30 p.m. ET on Tuesday, March 19, 2019 to discuss its year-end 2018 financial results and provide a business update. A news release containing these results as well as an accompanying presentation will be issued before the call.To participate, please call the applicable number listed below approximately 10 minutes prior to the scheduled start of the call. The call will also be webcast and accessible live on the Investor Relations section of the PeerStream website at https://investors.peerstream.com/events-and-presentations.Live Dial-In Numbers: U.S.: 1-888-394-8218International: 1-323-794-2588Webcast: http://public.viavid.com/index.php?id=133638Investors are welcome to submit questions in advance of the call by e-mailing: IR@peerstream.com. A variety of questions will be preselected to be answered.A replay of the webcast will be archived on the Investor Relations section of the PeerStream website beginning shortly after the call. A telephone replay of the call will also be available following the call starting at 12:00 noon Eastern Time until April 2, 2019, and may be accessed via telephone by dialing 1-844-512-2921 for the U.S. (or 1-412-317-6671 outside the United States) and entering pass code: 8735412.About PeerStream, Inc. (OTCQB: PEER)PeerStream is a global internet solutions provider pioneering the real-world adoption of emerging blockchain technologies by developing software, services and applications for corporate clients and consumers. PeerStream supports clients’ transition to blockchain through license of proprietary software such as PSP, a protocol for decentralized multimedia communications and live video streaming currently in development. PeerStream has a 20-year history of technology innovation and holds 26 patents.For more information, please visit: http://www.peerstream.com.To be added to our news distribution list, please visit: https://investors.peerstream.com/alerts.Forward-Looking StatementsThis press release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential," or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties related to our increasing focus on the use of new and novel technologies, such as blockchain, to enhance our applications, and our ability to timely complete development of applications using new technologies; our ability to effectively market and generate revenue from our new business solutions unit; development and acceptance of blockchain technologies and the continuing growth of the blockchain industry; legal and regulatory requirements related to the use of blockchain, us investing in cryptocurrencies and accepting cryptocurrencies as a method of payment for our services, the use of the internet and privacy and protection of user data; risks related to our holdings of XPX tokens, including risks related to the volatility of the trading price of the XPX tokens and our ability to convert XPX tokens into fiat currency; and our ability to manage our partnerships and strategic alliances, including the ability of our partners to satisfy their obligations under these arrangements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the ...
San Diego - (NewMediaWire) - March 12, 2019 - Upper Street Marketing Inc. (OTC:UPPR) Upper Street Marketing and its wholly owned subsidiary, Growing Springs Holdings Corporation has announced that in conjunction with our cultivation partner, Genji Organics, of Center Colorado, that it has completed approximately 400 liters of CBD raw crude extract. The wholesale market value of the extract is approximately $825,000. Upper Street will continue various ventures as it executes its plans to cultivate 360 acres of industrial hemp in Colorado this year, and to extract CBD raw crude and to produce CBD isolates and distillates. Upper Street plans on expanding its cultivation to as many as 2,000 acres for crop year 2020. “This production is a significant milestone for us, as it shows that we can produce significant amounts of CBD raw crude with various partners, although our business model of vertical integration will ultimately see us extracting large quantities of our own bio-mass,” said Joseph Earle, Upper Street Marketing President and CEO.Earle adds that, “Upper Street Marketing will provide cGMP pharmaceutical grade standards with its CBD manufacturing partner, PrimaPharm, Inc. of San Diego, CA., and UPPR will bring these standards to a very fragmented marketplace that frequently lacks FDA focused standards.”Upper Street Marketing Inc. (OTC: UPPR) is a publicly traded Oklahoma Corporation that specializes in acquisition, finance and management of hemp cultivation, extraction and CBD manufacturing in Colorado and other US States. UPPR is uniquely serving its target markets with cGMP grade cultivation and manufacturing standards. The rapidly expanding hemp, CBD and cannabis markets in the North American and world markets is a perfect opportunity for UPPR and Growing Springs Holdings Corporation.UPPR and Growing Springs Holdings Corporation are ideally positioned to capitalize on recent regulatory changes that dramatically enhance opportunities in hemp production and CBD extraction as well as FDA concerns regarding use of CBD’s in the marketplace.Growing Springs Holdings Corporation website is www.growingspringsholdings.com.Cautionary Language Concerning Forward-Looking StatementsStatements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate", "believe", "estimate", "expect", "intend", and similar expressions, as they relate to the Company or its management, identify forward-looking statements. These statements are based on current expectations, estimates, and projections about the Company's business, based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors. Such statements could be affected by risks and uncertainties related to: (i) our ability to execute the Company's business plans with the uncertainty of agricultural crops (ii) product demand, market, and customer acceptance of the Company's products, (iii) the Company's ability to obtain financing to expand our operations, (iv) the Company's ability to attract qualified sales representatives, (v) competition, pricing and development difficulties, (vi) the Company's ability to conduct the business if there are changes in laws, regulations, or government policies related to the Company's products, (vii) the Company's ability to conduct operations if it faces product recalls, and (viii) general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.Contact: Upper Street Marketing Inc.: Phone: ...
SALT LAKE CITY, March 12, 2019 (NewMediaWire) -- NutraNomics is proud to announce their participation as a Platinum level sponsor at Utah Cann 2019 (www.utahcann.com), Utah’s second annual Cannabis Business Conference and expo to be held May 10th & 11th, 2019 in Salt Lake City, Utah.Utah Cann endeavors to provide educational resources on all aspects of the cannabis industry, including scientific strides regarding medical benefits, agricultural and cultivation techniques, investment and business opportunities, and the rapidly shifting political landscape.Utah Cann, a locally developed conference, is held in Salt Lake City - the hometown of NutraNomics. Following the passing of Proposition 2 in December of last year (a bill legalizing medical cannabis), Utah is now preparing for a medical cannabis program, to be fully integrated by 2021. The people of Utah have voted and established not only demand but a desire for a cannabis-based industry in the state. “As a nutraceutical and medical based company, NutraNomics is excited to help drive the education and propagation of cannabis education. Sharing what we have learned in regard to innovative formulations in the hemp industry is the start of many contributions we will be making to the state,” according to Jonathan Bishop, CEO of NutraNomics. “We have been diligently working to bring responsible agricultural practices together with novel scientific approaches for the treatment of disease. Seeds, Science, Solutions – that is our motto but also where the science-based inquiries begin for most research. If we are able to provide insight to not only the people but the decision makers, we are happy to do so.”Dr. Tracy Holford, Chief Scientist at Tempus Bio Technologies, and Nutranomics science partner will also be presenting on a scientific panel at the event. "Nano-sized materials have been around since the Earth was formed. What is new is our understanding of how beneficial nano-sized supplements are in helping effectively deliver elements with traditionally limited bioavailability," says Dr. Holford. "The term Nano and Nano sizing has been hijacked by the marketers to sell products regardless of reality. Tempus Bio Technologies, with our partner NutraNomics, is striving to reclaim the term as an honest description of a product with proof of size, ingredients, and clinical efficacy as we strive to reformulate a series of Nutranomics winning formulations utilizing this proven strategy."As a Platinum Sponsor, NutraNomics will be preparing keynote presentations and participating in other conference opportunities. NutraNomics’ goal is to not only educate the industry and the general public on the information they have acquired over the last year but to also maintain open discussions with patients who require specific treatment plans. As a burgeoning industry, hemp offers an unending opportunity to offer healthy, plant-based solutions to treatment of disease. NutraNomics strives to lead the industry in responsible application and integration of the untold power of cannabidiol and its entourage elements in the treatment of disease. Safe Harbor StatementThis press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors ...
Arlington, VA - (NewMediaWire) - March 12, 2019 - Last year, Fonteva surpassed 200 customers, a milestone indicative of the rapidly growing popularity of its Salesforce®-based solutions for membership and events management. With more customers selecting Fonteva to manage their membership and events operations, Fonteva has achieved 50% year over year new customer growth. This momentum is a continuation of the growth becoming common at Fonteva, highlighted through five continuous years of placement on Inc. Magazine’s Inc. 5000, and being named to Hall of Fame status in 2018. Fonteva also ranked 286th on Deloitte’s Technology Fast 500 in 2018 based on a three year growth rate of 291%. To support this rapid growth and keep pace with the continually growing demand for Fonteva solutions, the Fonteva team nearly doubled in 2018.During 2018, the Fonteva Users Network Conference (FUNcon) had record participation from users, partners, and industry influencers. This growth in conference participation will require the conference to increase its scale in 2019 in order to deliver exceptional value through customized learning journeys, solutions expert panels, and hands-on opportunities to learn and network.“2018 was our best year yet,” said Fonteva CEO and Co-Founder, Jerry Huskins. “We were named the top Salesforce.Org ISV partner for the second year in a row, and our rapid growth has reflected that achievement. We welcomed more new customers than ever before, and we nearly doubled our team to continue to provide the world-class support that is the backbone of our success. We’re excited to continue this momentum in 2019 as we remain committed to defining our success by the success of our customers,” Huskins remarked.Fonteva continues to be recognized by a variety of industry awards for its growth, product expansion, and industry leadership at both local and national levels. Recognitions from 2018 include: Ranked 286th on Deloitte’s Technology Fast 500 Ranked 2024 on Inc. 5000, achieving Inc. 5000 Hall of Fame status Named top Salesforce.Org ISV partner (2nd time) Recognized by Salesforce as a Top 15 Global ISV Partner Winner of the Salesforce DemoJam competition (2nd time) Winner of DC Inno’s Coolest Companies Reader’s Choice award Named a DCALive Red Hot Company Listed as one of Washington Business Journal’s Fastest Growing Companies CEO and Co-Founder Jerry Huskins recognized as Small Business Association Exporter of the Year for the DC region Senior Vice President of Marketing Jake Fabbri recognized as Red Hot CMO by DCALiveAbout FontevaFonteva, a Salesforce® Premier Partner, is the leading provider of membership and events solutions built on the Salesforce platform. At the heart of everything Fonteva does is its quest to equip and empower its customers to meet the unique needs of their communities. By harnessing the power of the Salesforce platform, Fonteva delivers highly configurable solutions that facilitate collaboration and strengthen the bond that members have with one another and with their associations – because the stronger a community is, the more rewarding and enduring the relationships will be. Learn more at www.fonteva.com.For more information, contact: Evan Thomas, Marketing Communications Manager +1 844-662-6346
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