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Posts Tagged ‘Chief Executive Officer’

Zurvita Holding, Inc. (OTCBB: ZRVT) Flexes Executive Muscle

Zurvita Holding Inc., the leading edge marketing company which has won the hearts of consumers and investors by presenting high quality products and services through word-of-mouth and network marketing solutions, for individuals, small businesses as well as for families, recently announced the appointment of the new Vice President of marketing to the company, Mr. Kirby Wright. The new appointment to the executive team of Zurvita has become a significant step in realizing the development of the company through the acquisition of Mr. Kirby’s leadership capabilities. Mr. Wright’s appointment brings over twenty years of executive level business, sales, and marketing experience skills and experience in network marketing organizations. He started his career in marketing back in 1989 by joining Reliv, a network marketing company, where he achieved a considerable credibility by becoming one of the top five producers for five years. Later, he became the Vice President of Sales for the company. He reached the peak of his career in some other network marketing companies that included Xango, Legacy for Life, and Ignite. At the same time, Mr. Wright has also worked as a consultant for various companies in the network marketing field. Before joining Zurvita, Mr. Wright has worked as the Director of Operations at Earnware Corporation, a provider of contact management solutions for network marketing organizations and as the Director of Business Development at Knowlagent, Inc., a provider of e-learning/ CRM solutions. Mr. Wright holds B.S in Electrical Engineering from Auburn University. With the addition of Mr. Wright’s working experience, talents, dedication and all other commendable qualifications, Zurvita could be in a position to continue its stable growth. Mark Jarvis, chief executive officer of Zurvita commented, “With Kirby’s appointment to the executive team, with his arrival in Houston, we feel our already exceptional senior team has moved to a new level, with the experience needed to take advantage of the tremendous growth potential we all see ahead.” For more information visit

http://www.worldmarketmedia.com/779/section.aspx/2324/post/zurvita-holding-inc-otcbb-zrvt-flexes-executive-muscle - About the Author: WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies. Article Source

SkyWest Inc. (NASDAQ: SKYW) Trading Up Nearly 4% on Analyst Upgrade

Based in St. George, Utah, SkyWest, Inc. (NASDAQ:SKYW) is the parent company for SkyWest Airlines. The firm was in the spotlight on Tuesday, August 31st, 2010 when they announced the stock was given an outperform rating by advisor firm AvondalePartners. According to Avondale, the aggressive tactics launched recently by SkyWest concerning the merger with WMM MicroCap company ExpressJet Holding (NYSE: XJT) and based on the use of cash liquidity to drive the company’s growth, could result in a significant increase in the company stock price.

On August 4th, 2010, SkyWest had announced the merging with ExpressJet Airlines. The aggressive move confirmed the perception of a clear intention of the company to expand a great deal in the near future. Moreover, SkyWest’s Chief Financial Officer, Brad Rich, revealed that the aim of the company was to combine the airlines within 12 months, and forecasted a bold $60 to $70 million in cost savings.

The announcement marked a remarkable day for ExpressJet, with the announcement fueling a frenzy that sent share prices up over 100% to close at $6.75. The recent facts influenced the expectations of research analysts’, as the Avondale significantly increased in SkyWest’s price target by 14.29% and slapped an outperform rating for the next 12 months (price target raised from $14 to $16 per share). Next move for SkyWest is an investment of $7 million in Vietnamese start-up Mekong Air, providing four regional jets and technical support. This editor made the contact with Mike Kropp, Chief Financial Officer for SkyWest to invite him to an interview with James Ream, Chief Executive Officer of Expressjet. Mr. Kropp has given a verbal commitment for a mid-September interview, which will be posted here on the homepage.

For more information visit  http://www.worldmarketmedia.com/779/section.aspx/2314/post/skywest-inc-nasdaq-skyw-trading-up-nearly-4-on-analyst-upgrade

- About the Author: WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies. Article Source

Rocky Brands (Nasdaq: RCKY) Up after Posting Second Quarter Profit

After posting second quarter results yesterday, Rocky Brands (Nasdaq: RCKY) shares were up 9% to $8.00 on heavy volume. Posting profits and blowing away analysts estimates tend to have a positive effect on companies’ share price. Analysts actually projected a loss of ($0.10) per share, where RCKY posted a profit of $0.08 per share.

For the second quarter of 2010, net sales increased 7.9% to $55.2 million versus net sales of $51.2 million in the second quarter of 2009. The Company reported net income of $0.5 million, or $0.08 per diluted share versus a net loss of $1.4 million, or ($0.25) per diluted share a year ago.

Excluding one-time charges of $0.6 million, net of tax, associated with the early repayment of a portion of the Company’s senior term loan, second quarter 2010 net income improved to $1.1 million, or $0.17 per diluted share.

Mike Brooks, Chairman and Chief Executive Officer, commented in a press release, “There were several highlights from the second quarter, most notably the dramatic improvement in our bottom line. We paid off the majority of our high interest, senior term loan using proceeds from our successful equity offering and availability under our existing credit facility. We are very pleased with the progress we have made towards building a more efficient organization and we look forward to taking advantage of our improved position to better capitalize on the growth opportunities that are ahead.”

Rocky Brands is a leading designer, manufacturer and marketer of premium quality footwear and apparel marketed under a portfolio of well recognized brand names including Rocky, Georgia Boot, Durango, Lehigh, and the licensed brands Dickies, Michelin and Mossy Oak.

For more information visit http://www.worldmarketmedia.com/779/section.aspx/2104/post/rocky-brands-nasdaq-rcky-up-after-posting-second-quarter-profit

- About the Author: WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies. Article Source

PureSafe Water Systems, Inc. (OTCBB: PSWS) $43M (MarketCap) Sits Down with WMM

As we’ve seen all too much this year alone, natural and man-made disasters have exposed drinking resources in those stricken communities to bacteriological and chemical contamination, making a once abundant clean drinking water source ineffectual in the greatest times of need. Ms. Kessler and I spoke on many different historical examples of catastrophes whose immediate first response relief has been swift and passionate, but not necessarily efficient as civil unrest and desperation threatened the prosperity of the relief efforts because of a prolonged lack to basic survival resources.

Ms. Kessler is the chief executive officer of PureSafe Water Systems, Inc., a company that has committed to developing PureSafe patented technology to provide purified drinking water to disaster response teams using a mobile unit specifically designed for rapid deployment worldwide. The unit can siphon water from any source albeit a lake, swimming pool, flood site, pumping it through the non-specific contaminant purification system- meaning it can decontaminate any and every strain of bacteria or pollutant with no need to test the water supply first for safety. The output takes only thirty minutes and can supply up to thirty thousand gallons of water a day, enough to serve forty-five thousand thirsty survivors and victims’ in portable bottles or bags onboard the unit.

PureSafe is considered a game changer among the disaster relief community that includes the government analysts testing the prototypes. While disaster relief is a highly collaborative effort among citizens and governments to suppress the damage and deliver resources and aid during an emergency in an efficient and well-organized fashion, the fundamental problem lies in distribution and the lack of preparedness protocol in public and private entities that are overwhelmed during these kinds of crisis (think of a hospital, for example). Take Hurricane Katrina as a practical model. The machine could have been air-lifted on a roof of by the stadium, connected it to contaminated flood water, and distribute it to the suffering people accordingly.

 

The company is currently undergoing government approval testing and in that effort, has hired on Underwriters Laboratories to help evaluate the electrical safety and performance of PureSafe’s First Response Water System functioning prototype. On today’s agenda is assessment of the uplift capabilities of the machine by crane. The functions are simple enough so that the end-user only has to turn on the failsafe machine. Buyers of the mobile units (equipment with heavy-duty wheels built for abusive terrain and a helicopter-lift positioned onto the frame) are from the public and private sector and will include local, state, and federal agencies and departments including FEMA; hospitals and universities; the military, national guard and Homeland Security; hotels and many, many more national and international organizations that have interests in disaster response preparedness. The machines can be bought outright with warranties, leased, or rented with PureSafe providing on location support and staffing; towns and cities can also pool money together to buy one machine to share.

Ms. Kessler came into PureSafe in 2007 and immediately recognized that the existing technology was not fitting the needs of those demanding the kind of solutions the company was in the process of creating and subsequently, they started all over. They realized no company was totally focusing itself in the disaster response area that concerns water distribution while recent events have emphasized, now more than ever, that preparedness is the key – what if there’s an interruption in the water supply?

“It’s a great decision to be dealing with something that can make a difference and save people’s lives, and still be a very profitable company” said Ms. Kessler.

They’ve been attending conventions to network with potential buyers and investors this year. The company’s presentations have been extremely impressive: PureSafe is fulfilling a whitespace by providing a simple water purification service that can deliver potable water to thousands with the flip on an “on” switch. Ms. Kessler didn’t want to give information that has yet to be disseminated, but she did give a one-word response to questions concerning this year’s corporate performance that gives all the guidance shareholders need to hear: revenue.

Ms. Kessler confidently asserted that yes, in fact revenue will be booked this fiscal year and sales will be made. In July, the company will be presenting at a fire expo show with representatives from all over the Eastern seaboard that will offer major exposure for the PureSafe First Response Water System. The business structure is in place and the newly appointed board of directors is deeply experienced, knowledgeable, and very active. The workload and margins are in place and favorable. Finally, the need of the products are there, so what comes next, I asked her? It’s time to start selling inventory.

 

To view this article at World Market Media click on the link below: http://www.worldmarketmedia.com/779/section.aspx/1942/post/puresafe-water-systems-inc-otcbb-psws-43m-marketcap-sits-down-with-wmm

 

Disclosure: no positions

- About the Author:   About World Market Media:WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies. Article Source

EF Johnson Technologies, Inc. (NASDAQ: EFJI) $38M (MarketCap)

EF Johnson Technologies, Inc. (NASDAQ: EFJI) surged by 43 cents, or 41.8% to $1.46 in the premarket session after the company said it has entered into an amendment to its merger agreement with an affiliate of Francisco Partners. Under the terms of the amended merger agreement, an affiliate of Francisco Partners will acquire all of the outstanding shares of EF Johnson Technologies’ common stock for $1.50 per share in cash.  This is an increase of over 42% over the $1.05 per share cash purchase price previously announced on May 17, 2010. The 50-day average daily volume for EF Johnson Technologies is 144,000 shares, and its Board of Directors unanimously approved the amended merger agreement.

“Our amended merger agreement with Francisco Partners provides increased all-cash premium value to our stockholders and reflects Francisco Partners’ strong commitment to the transaction,” said Michael E. Jalbert, Chairman of the Board and Chief Executive Officer of EF Johnson Technologies, Inc. “We are proud of the value we have delivered to our stockholders through this amended merger agreement, and are excited to work closely with Francisco Partners to complete the transaction as expeditiously as possible.”

In addition to increasing the cash purchase price, the amendment increases the termination fees payable under certain circumstances, increases the amount of allowable transaction expenses and amends certain representations and warranties contained in the merger agreement.  The transaction remains subject to customary closing conditions.  As in the original merger agreement, there is no financing condition to the obligations of Francisco Partners to consummate the transaction. EF Johnson Technologies, Inc. is currently trading at $1.44, up $.41 or 39.81%.

Raymond James & Associates, Inc. is acting as the Company’s financial advisor in connection with the transaction, and Haynes and Boone, LLP is acting as the Company’s legal counsel.  Shearman & Sterling LLP is acting as Francisco Partners legal counsel. 

To view this article at World Market Media click on the link below: http://www.worldmarketmedia.com/779/section.aspx/1892/post/ef-johnson-technologies-inc-nasdaq-efji-38m-marketcap

Disclosure: no positions

- About the Author:   About World Market Media:WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies. Article Source