latest news releases from the newsroom
Industrial Enterprises of America, Inc.
Industrial Enterprises Names James Margulies Interim CEO and CFO and Member of Board of Directors
NEW YORK, Feb. 5, 2008 (PRIME NEWSWIRE) -- Industrial Enterprises of America, Inc. (Nasdaq:IEAM), an automotive aftermarket packager and supplier, announced today that the Board of Directors is pleased to report that James Margulies has accepted the position of Chief Executive Officer and Chief Financial Officer on an interim basis. Mr. Margulies has also agreed to serve as a member of the Board of Directors.
QuantumSphere Awards Research Grant to Iowa State University to Improve Food Safety With Nanomaterials
SANTA ANA, Calif., Feb. 5, 2008 (PRIME NEWSWIRE) -- QuantumSphere, Inc., a leading manufacturer of nano metals and alloys for applications in renewable energy, portable power, defense, electronics and other markets demanding advanced materials, today announced that it has awarded a research grant to Byron Brehm-Stecher, Ph.D, of Iowa State University to conduct research in the use of nanomaterials to improve the safety of the world's food supply.
Red Branch Technologies, Inc.
Red Branch Technologies Wholly-Owned Subsidiary, Magellan360, Releases Unaudited Financial Performance for 2007; Revenue Up 12 Percent to $22 Million
RESTON, Va., Feb. 5, 2008 (PRIME NEWSWIRE) -- Red Branch Technologies Inc. (Pink Sheets:RBTI) today released the un-audited financial performance of its Trava, Inc. d/b/a Magellan360(tm) subsidiary for the 2007 fiscal year as the company prepares to launch its two highly-anticipated online travel products, mTravel(tm) and my/mTravel(tm), into the market. For the 2007 fiscal year ending in December, the Company's Magellen360(tm) subsidiary increased revenues 11.94% to $21,929,702.00, $.238 per fully diluted share, from $19,591,388 or $.212 per share in 2006 (non-GAAP). Gross margins increased 8.74% in the same period to $1,748,798 from $1,608,308, while fixed expenses increased a modest 2.02% to $1,688,198 from $1,654,816 in the prior year period.