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Home > (GLF, AAVEO, WMAR, NHPR, VLNC) Stocks in Focus by BestOtc.com

(GLF, AAVEO, WMAR, NHPR, VLNC) Stocks in Focus by BestOtc.com

July 29th, 2011 at 09:30 am









Gulfmark Offshore, Inc. (NYSE:GLF) reported net income of $13.3 million, or $0.51 per diluted share, on revenues of $96.9 million for the quarter ended June 30, 2011.Consolidated Second Quarter Results: Consolidated revenue for the second quarter of 2011 was $96.9 million, an increase of 19%, or $15.6 million, from the first quarter. Consolidated operating income was $20.4 million, up $16.1 million from the first quarter amount of $4.3 million. The higher sequential quarterly operating income was principally driven by higher revenue. Direct operating expenses were up on a sequential quarterly basis; however, these increases were largely offset by sequentially lower drydock expense.

GulfMark Offshore, Inc. provides offshore marine services primarily to companies involved in the offshore exploration and production of oil and natural gas.

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AVEO Pharmaceuticals, Inc. (Nasdaq:AVEO) reviewed key second quarter accomplishments and reported consolidated financial results for the second quarter of 2011. Second Quarter 2011 Financial Results: Total collaboration revenues for the second quarter ended June 30, 2011 were $26.6 million compared with $15.6 million for the second quarter of 2010. Research and development (R&D) expense for the second quarter of 2011 was $25.1 million compared with $26.0 million for the second quarter of 2010. General and administrative (G&A) expense for the second quarter of 2011 was $6.4 million compared with $3.8 million for the second quarter of 2010.

AVEO Pharmaceuticals, Inc., a biopharmaceutical company, engages in the discovery and development of cancer therapeutics.

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West Marine Inc. (Nasdaq:WMAR) released unaudited operating results for the second quarter of 2011, and raised guidance for fiscal 2011. 2011 second quarter highlights: Income before taxes for the second fiscal quarter was $40.0 million, a $4.0 million, or 11.0%, increase compared to the same period last year. Net income for the second quarter was $44.7 million, or $1.92 per fully diluted share, compared to $35.1 million, or $1.52 per fully diluted share, a 26.3% increase compared to the same period last year. Included in second quarter net income was $4.8 million, or $0.21 per fully diluted share, for an income tax benefit related to the reversal of the majority of our tax valuation allowance.Income before taxes for the first six months was $27.7 million, a $1.2 million, or 4.4%, increase compared to the same period last year.

West Marine, Inc., together with its subsidiaries, operates as a specialty retailer of boating supplies primarily in the United States. It operates in three segments: Stores, Port Supply, and Direct Sales.

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National Health Partners, Inc. (NHPR)

National Health Partners, Inc. (NHPR), a leading provider of unique discount healthcare membership programs, announced that it has entered into agreement with a major Hispanic marketing group for the sale of its CARExpress programs. The company also sees growth in new sales of memberships of more than 300% thru the remainder of the year.

Under the new agreement, this national Hispanic marketing group will be promoting the company's CARExpress discount healthcare membership program to Hispanic communities located across the United States, with particular focus on cities and regions containing a large number of Hispanics. With the previously announced plans to increase monthly sales by 75% with its newest and most successful marketing partner, the company now expects sales of new members to grow more than 300% thru the remainder of the year.

National Health Partners, Inc. is headquartered in Horsham, Pennsylvania. National Health Partners, Inc. currently offers five standard CARExpress membership programs that provide benefits that range from prescription drug and vision care to comprehensive physician, hospital, vision, dental and other care.

Health Maintenance Organizations (HMOs) provide medical treatment on a prepaid basis, which means that HMO members pay a fixed monthly fee, regardless of how much medical care is needed in a time period (usually a monthly basis). In return for this fee, most HMOs provide a wide variety of medical services, from office visits to hospitalization and surgery. There are exceptions but most HMO members must receive their medical treatment from those within the network.

For more information about National Health Partners, Inc. Please visit its website at www.nationalhealthpartners.com.

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Valence Technology Inc. (Nasdaq:VLNC) announced its lithium phosphate batteries earned favorable first phase reviews during a large electric vehicle assessment program being conducted by Ford-Werke GmbH in Cologne, Germany. As part of the colognE-mobile study, Smith Electric Vehicles in the UK manufactured and delivered 10 Smith Edison™ electric vehicles to Ford in February 2010. The study has been underway for 15 months and Ford recently announced that the vehicles are meeting reliability, practicality, and ease-of-use goals.

Valence Technology, Inc. develops, manufactures, sells, and supplies high-energy power systems in the United States and internationally.









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