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MRNJ
30,000 Unit Classic Soul and Popular Music Collection to Be Released on All Mobile Platforms
30,000 Unit Classic Soul and Popular Music Collection to Be Released on All Mobile Platforms Market Wire ”US Press Releases ”
SAN DIEGO, CA — (MARKET WIRE) – 03/04/10 – Metatron Inc. (PINKSHEETS: MRNJ) today announced that it has signed a distribution agreement for one of the largest and most popular collections of classic soul and popular music with Darryl Payne Productions , a Chicago -based music production company.
The music, much of which has been marketed on television and at major retail stores for over forty years, is comprised of 30,000 audio and video masters and 1,000 DVD titles. It features a diverse range of legendary artists, spanning all genres including: Judy Garland , The Chi-Lites, Little Richard, Jose Feliciano , Kenny Rogers , The Four Tops, Temptations, Alice Cooper , Sly and The Family Stone, Hall and Oates, Tina Turner , Tony Bennett , George Benson , Sister Sledge, 5th Dimension, The Dramatics, The Four Tops, Cuba Gooding Sr. & the Main Ingredient, The Whispers, The Dells, The Delfonics, Enchantment, The Floaters, Edwin Starr , Melba Moore with Special Guest Freddie Jackson, Harold Melvin’s Blue Notes, Ray, Goodman & Brown, The Temptations Feat. Dennis Edwards & Ali Woodson , Blue Magic. Slave Featuring Drac, Confunkshun, The Barkays, The Manhattans feat. Gerald Alston & Blue Lovett and hundreds more artists…
One of the most popular collections of its kind in the industry, total 2009 television sales for the collection was approximately $4 million , and sales from large retailers such as Walmart, Amazon, Best Buy , FYE, K-Mart , Walgreens , CVS and Target averaged between $4 million and $7 million per year over the past several years….
SHIP
Seanergy Maritime Holdings Corp. Reports Financial Results for the Fourth Quarter and the Year Ended December 31, 2009
ATHENS, GREECE — (MARKET WIRE) – 03/04/10 – Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP) (NASDAQ: SHIPW) announced today its operating results for the fourth quarter and the year ended December 31, 2009 .
Dale Ploughman, the Company’s Chief Executive Officer, stated: “Despite the difficult market conditions we are pleased to report strong results for 2009. These results reflect our strong cash flow, the high fleet utilization and our operational efficiency.
“2009 has been a transformational year for Seanergy. We managed to double our controlled fleet from 6 to 11 vessels with the acquisition of BET and we reinforced our capital structure with the conversion of the $28.5 million promissory note, issued in our business combination, into common stock. Recently, we completed an offering of common stock and successfully raised net proceeds of approximately $28 million for vessel acquisitions, expanding our shareholder base and improving the liquidity of our shares.
“We are committed to our goal of using the proceeds of the offering to expand our fleet with the proper acquisitions. We are focusing our resources on identifying vessel(s) with a view to maximizing benefits to the Company, as quickly as possible. We have already identified and inspected a couple of vessels which unfortunately have not met our surveyors’ expectations. Our decisions aim is to safeguard the long term interests of our shareholders.
“We remain positive on the long-term outlook of the dry bulk market, as we expect that demand for core bulk commodities will remain strong. However, in the short term, we expect the market to continue to be volatile as there is uncertainty on the size of the orderbook and the global economic recovery is quite fragile.”
Christina Anagnostara, the Company’s Chief Financial Officer, stated: “We are pleased to report strong results for 2009 with an average daily TCE, or time charter equivalent rate of $ 32,909 for the year. Our net income margin was approximately 37% of TCE and our free cash flow margin was approximately 59% of TCE.
“Our cash reserves as of December 31, 2009 were $63.6 million , reflecting $43.2 million in cash generated from operations. Our strong cash position enables us to meet remaining debt repayments of $22.7 million and anticipated capital expenditures of $3.6 million in 2010. Today, we have $85 million in cash and a healthy balance sheet allowing us to take advantage of market opportunities as they become available.
“During the year, we arranged new employment for our fleet and we now have time charter coverage for 95% of our fleet for 2010 and 51% for 2011 providing us with significant cash flow visibility. Therefore, we believe that we are in a very strong position to take advantage of market opportunities to expand our asset base revenue and profitability.”
LFVN
Aspenwood Capital Announces Placement of $5 Million for LifeVantage
LifeVantage Corporation (OTCBB: LFVN) announced today that Aspenwood Capital (www.AspenwoodCapital.com), a Denver -based investment bank and a division of Buckman, Buckman & Reid, Inc. , has completed a $5 million private placement for the Company to accredited investors. LifeVantage (www.LifeVantage.com) is a science-based, natural products company dedicated to helping people reach their health and wellness goals through science-based solutions. LifeVantage is the maker of Protandim® – a dietary supplement clinically shown to induce the body’s own antioxidant defenses.
Aspenwood Capital partner Steve Ossello said, “The Aspenwood partners have always been tremendous supporters of the company and its primary product – Protandim®.  The science behind Protandim is incredible and given the recent quality additions to the board and the significant growth LifeVantage is experiencing, we’re very excited about its potential.”
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