суббота, 25 февраля 2012 г.

SteroidStocks.com Says: (OTCBB:UNXL) - (OTCBB:HSYT) - (OTCBB:DPDW) Are On Steroids!!!(Company overview)

M2 PRESSWIRE-16 August 2010-Steroid Stocks: SteroidStocks.com Says: (OTCBB:UNXL) - (OTCBB:HSYT) - (OTCBB:DPDW) Are On Steroids!!!(C)1994-2010 M2 COMMUNICATIONS

RDATE:16082010

SteroidStocks.com Says: (OTCBB:UNXL) Uni-Pixel, Inc. , (OTCBB:HSYT) Home System Group and (OTCBB:DPDW) Deep Down, Inc. are on STEROIDS!

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About Uni-Pixel, Inc.

Uni-Pixel is a production stage company delivering its Clearly Superior(TM) Performance Engineered Films to the Lighting & Display, Solar and Flexible Electronics market segments. Uni-Pixel's high-volume roll-to-roll or continuous flow manufacturing process offers high-fidelity replication of advanced micro-optic structures and surface characteristics over large area, combined with a thin film conductive element. The Company plans to sell its films as sub-components for use in LCD, FSC - LCD and its Time Multiplexed Optical Shutter (TMOS) display technology as a back light film and active film sub-component. The Company is currently shipping its Clearly Superior(TM) Finger Print Resistant protective cover films for multiple touch enabled devices. In addition, Uni-Pixel sells its films under the Clearly Superior(TM) brand, as well as private label and OEM. Uni-Pixel was recently recognized by MDB Capital Group as one of the top 50 small-cap most innovative public companies. Uni-Pixel's corporate headquarters are located in The Woodlands, TX. For further information please see http://www.unipixel.com.

News Today:

THE WOODLANDS, Texas, Aug 16, 2010 -- Uni-Pixel, Inc. (OTC Bulletin Board: UNXL), a production stage company delivering Clearly Superior(TM) Performance Engineered Films to the touch screen, flexible electronics, lighting and display, and solar market segments, announced today that its industry-leading fingerprint resistant (FPR) screen protectors for iPhone and iPad are now available for pre-order via Amazon.com with shipment in September 2010. Uni-Pixel's Amazon.com storefront can be accessed at http://www.unipixel.com/shop.

According to Reed Killion, Uni-Pixel's President and CEO, "Our patent-pending fingerprint resistant technology is the newest option in screen protectors, and uniquely addresses the issue of fingerprints and smudges to remove virtually every trace from view. Fingerprints mark a touch screen display when oils transfer from a user's skin to the touch screen, and these oil patterns remain visible when they sit unaffected on the flat surface. Unlike other flat or matte finish films, the Clearly Superior(TM) FPR film surface is covered with millions of micro-optic structures, which clear oils from the surface and remove fingerprint patterns; this preserves image clarity and quality."

Mr. Killion also added, "Based on the rising shipments of smartphones, Uni-Pixel estimates that the touch screen protector market is well over $250 million annually and that it will continue to grow rapidly. We believe that by offering a superior product at a competitive price, our Clearly Superior(TM) FPR film will become the gold standard in the screen protector market. We are offering FPR under our own brand for Internet sales, and Uni-Pixel is currently in negotiations and qualification with several retailers and OEMs for private label products."

Combined with scratch protection, an anti-glare treatment, and a specially formulated adhesive that prevents bubbles and peeling, Uni-Pixel's Clearly Superior(TM) is the most comprehensive screen protection solution available on the market today and sets a new standard for the touch screen user experience. Further product information and updates will be made available via Uni-Pixel's Clearly Superior(TM) Facebook Page, http://www.facebook.com/clearlysuperior.

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About Home System Group

Home System Group is primarily engaged in the production of a variety of small household appliances, stainless steel gas grills and ovens, ceiling and table fans, and decorative lamps, LEDs and energy-saving lamps. Its products are sold through distributors and direct to retailers located in America, Europe, Australia, Africa, Southeast Asia and China. For more information, please visit: http://www.homesystemgroup.com.

News Today

NEW YORK & GUANGDONG, China, Aug 16, 2010 -- Home System Group (OTCBB: HSYT; "Home System" or the "Company"), a Chinese-based manufacturer of a variety of household appliances sold by large retailers, today announced its financial results for the three and six months ended June 30, 2010.

2010 Second Quarter Financial Highlights

-- Revenue recorded $27 million, a 33% increase from $20.5 million recorded in the second quarter of 2009.

-- The Fans and Lightings segment contributed significantly to the Company's revenue and operating results with revenues of $23.2 million for the three months ended June 30, 2010, nearby double the $12.2 million of the prior year's comparable period.

-- Gross profit was $6.3 million, up from the $4.0 million of the second quarter of 2009, reflecting the higher revenues and improved gross margin.

-- Income from operations in the second quarter of 2010 increased by 80.2% over the corresponding 2009 period.

-- The Company had an equity for debt exchange in April, 2010, resulting in a non-cash loss on the conversion of $1.7 million.

-- Net income and earnings per share in the second quarter of 2010 were relatively flat as compared to net income in the second quarter of 2009 due to the loss on debt exchange.

Results Commentary

Home System Group's second quarter 2010 revenue of $27 million benefited from the strong performance of its Fans and Lightings segment, which recorded $23.2 million in sales, an increase of $11 million over corresponding 2009 level, and $3.9 million of revenue from the sales of skateboards, an increase of $3.5 million, as compared to the corresponding period in 2009. These were partially offset by the lower sales of barbeque grills, which were down $8.2 million from the comparable 2009 period. This dramatic shift in revenues from grills to fans reflects a decision that the Company made last year to reallocate more of production resources to fans, which management felt had better sales prospects and a higher gross margin.

Gross profit for the second quarter of 2010 was $6.3 million compared to $4.0 million for the same period last year, an increase of 56.7%. The gross profit margin for the second quarter of 2010 was 23.2%, an increase from the 20% for the same period last year.

General, selling and administrative expenses for the second quarter of 2010 were $1.8 million, an increase of 20% as compared to $1.5 million for the same period in 2009 driven by the higher revenue levels.

As a result, income from operations for the second quarter of 2010 was $4.5 million, an increase of 80.2% compared with $2.5 million for the corresponding quarter of 2009. Operating margin was 16.5% for the second quarter of 2010, increasing significantly from 12.1% for the second quarter of 2009.

Home System's CEO, Mr. Yu, observed, "During the second quarter of 2010, product demand continued to be robust and Home System benefited from the substantial increase in sales of ceiling fans and decorative lightings. I am particularly pleased by how smoothly the operational transition from grills to fan production was accomplished and with the strong financial results. Building upon this performance, the Company is opportunistically seeking acquisition targets. Over the past three months, we announced the planned acquisitions of two fan manufacturers. We believe both of these acquisitions will be completed in early October, upon the finalization of due diligence. Through these two manufacturers, Home System expects to expand its geographic market coverage into Southeast Asia and Japan, which will diversify our customer base as well as reduce the seasonality impact on the Company's operation. We believe that this will have positive effect by maintaining production on a more constant basis over the year. Moreover, by combining product procurements requirements, we can further improve our gross margin and earnings. In the future, we expect to further expand our sales network and diversify our product lines. We are confident in our business strategy and believe that Home system is very well positioned for continued growth."

2010 First Half Year Financial Highlights

-- Revenue was $57.3 million for the first half year of 2010, an increase of $21.3 million or 59.4% over the corresponding 2009 level.

-- The Fans and Lightings segment significantly benefited the Company's revenue and operating results with segment revenue of $46.3 million for the six months ended June 30, 2010 as compared to $20.2 million in prior year comparable period.

-- Gross profit was $13.3 million for the first half year of 2010, up 69.9% compared to $7.8 million in the first half year ended June 30, 2009.

-- Income from operations of $9.8 million for the six months ended June 30, 2010 was more than double the $4.8 million of the corresponding 2009 period.

-- Net income for the first half year of 2010 was $6.0 million, increased by $3.0 million as compared to net income in the first half year of 2009, in spite of the adverse effect of the debt conversion, which had no associated tax benefit.

Financial Condition

On April 1, 2010, Home System converted debt totaling $17.5 million into common shares at the rate of $3.50, resulting a non-cash charge of $1.7 million, which is not tax deductible. Home System Group's CEO, Mr. Yu commented: "The conversion of $17.5 million of debt into equity represents a strong endorsement by the debt holders of the Company's prospects and significantly strengthen the Company's financial structure, which will benefit the Company's operation in long term."

As of June 30, 2010, Home System Group had cash and cash equivalents of $6.0 million. Current assets and current liabilities as of June 30, 2010, were $70.8 million and $54.4 million, respectively, yielding working capital of $16.4 million.

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About Deep Down, Inc.

Deep Down, Inc. is an oilfield services company serving the worldwide offshore exploration and production industry. Deep Down's proven services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, distributed and drill riser buoyancy, ROVs and tooling, marine vessel automation, control, and ballast systems. Deep Down supports subsea engineering, installation, commissioning, and maintenance projects through specialized, highly experienced service teams and engineered technological solutions. The company's primary focus is on more complex deepwater and ultra-deepwater oil production distribution system support services and technologies, used between the platform and the wellhead. More information about Deep Down is available at www.deepdowncorp.com.

News Today:

HOUSTON, Aug 16, 2010 -- Deep Down, Inc. (OTC Bulletin Board: DPDW) ("Deep Down" or the "Company"), an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today announced results for the second quarter of 2010. For the second quarter of 2010, Deep Down reported a net loss of $452 thousand, or $0.00 loss per share on revenues of $9.6 million compared to a loss of $1.8 million, or $0.01 loss per share on revenues of $6.2 million during the same quarter last year.

OPERATING RESULTS

Revenues increased by $3.4 million, or 55 percent to $9.6 million for the second quarter 2010 from $6.2 million for the same quarter last year. The increase was due primarily to increased revenues from the production of products for deepwater projects and ROV and other related services. During the second quarter 2010, the Company's flotation plant ran at over 30 percentage points greater capacity for the production of buoyancy products compared to the same quarter last year. The higher demand for our ROV and other related services in the second quarter 2010 resulted primarily from customers commencing work that had previously been delayed, projects supporting relief efforts and work related to the increased emphasis on inspection and safety as a result of the oil spill in the U.S. Gulf of Mexico ("GOM").

Gross profit increased $1.7 million to $3.6 million for the second quarter 2010, an increase of 93 percent over the same period of the prior year, reflecting an overall increase in the gross profit margin from 30 percent to 37 percent. The increase in gross profit and gross profit margin was due to the increased revenues described above and to the revenue mix which included higher margin ROV services and engineered subsea projects than during the same period last year.

When comparing the second quarter of 2010 to the second quarter of 2009, the operating loss was reduced by $2.1 million to a loss of $339 thousand primarily as a result of improved gross margin and a decrease in selling, general and administrative expenses ("SG&A") of 9.8 percent as the Company continued to focus on more efficient operations.

EBITDA (please see definition in last paragraph below) for the second quarter of 2010 was $724 thousand compared to negative $1.6 million for the same period last year. This improvement was primarily driven by the increase in gross profit and lower SG&A.

"There will undoubtedly be greater regulatory scrutiny and higher costs associated with finding and developing hydrocarbon reserves in deep water, particularly in the GOM. Additionally, we believe that the international markets will be more important to our operations going forward as we continue our focus on Brazil and West Africa deepwater projects. The deepwater market remains one of the best frontiers for adding large hydrocarbon reserves with high production flow rates. We are well positioned to supply services and products required to support safe offshore and deepwater projects of our customers. Therefore, we anticipate demand for our deepwater services and products will continue to grow and we will continue to focus on this sector of the industry worldwide," stated Ronald E. Smith, Chief Executive Officer.

ACQUISITION On May 3, 2010, the Company announced entry into a conditional purchase agreement ("Purchase Agreement") to acquire Cuming Corporation (or "Cuming"). Privately-held Cuming Corporation was founded in 1980 and is a leading manufacturer of buoyancy and insulation products with a wide range of deepwater oil and gas industry applications. Cuming's operations are highly complementary with those of Deep Down's Flotation Technologies subsidiary, which produces syntactic foam products for customers in the oil and gas, defense, scientific and industrial sectors. At the closing of the transaction, Deep Down expects to acquire 100% of the stock of Cuming for approximately $37 million in the form of a combination of cash and shares of Deep Down and assume approximately $13 million of net liabilities based upon Cuming's balance sheet as of December 31, 2009.

On July 13, 2010, Deep Down entered into an amendment to the Purchase Agreement, by and among Deep Down, Cuming and the selling stockholders (the "Amendment") dated effective as of June 30, 2010, to provide for an extension of the date on which Deep Down or the selling stockholders may terminate the Purchase Agreement. The Amendment extended the date for which either of Deep Down or the selling stockholders may terminate the Purchase Agreement if the acquisition is not completed to July 31, 2010, provided that the party wishing to terminate is not in breach of the Purchase Agreement. The acquisition has not been completed and the Company has not entered into another amendment to extend the closing date; however, neither party has terminated the agreement. The Company plans to finance the acquisition with a combination of debt and equity and is actively engaged in negotiating terms with several financial institutions and private equity firms. Nevertheless, consummation of the transaction remains subject to several conditions including Deep Down's obtaining adequate external financing to fund the approximately $34 million cash component of the purchase price.

WORKING CAPITAL

The Company's working capital declined by $3.9 million to a negative $2.8 million at June 30, 2010 from $1.1 million at December 31, 2009 primarily as a result of reclassifying $2.6 million of its long-term debt to current liabilities. All of the debt from one of the Company's lenders in the amount of $3.4 million is due April 15, 2011. The Company is currently in discussions with several lenders who have expressed interest in refinancing the Company's debt. The Company's cash balance was $1.1 million at June 30, 2010 compared to $0.9 million at December 31, 2009.

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About SteroidStocks.com

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