Artfest International Inc., the Dallas based art community marketing and services company, today announced financial results for the third quarter ending 9/30/09, including a huge jump in operating revenue. The company generated $896,404 in operating revenue for the quarter, as compared to $4,000 for the same quarter in 2008, representing an increase of 22,310%.

The company also reported an important move into positive territory for net income, declaring a net income of $7,397 for the quarter, as compared to a net loss of $29,862 for the same quarter 2008.

In addition, Artfest International experienced a jump in total assets. The company reported total assets of $3,421,019 for the quarter, as compared to $537,445 for the same quarter 2008, an increase of 536%.

Operating revenue increase was credited to the upswing in sales of art and sports memorabilia through the company’s wholly owned subsidiary, Charity Sports Distributor (CSD), as well as from events

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Newport Digital Technologies Inc. recently announced that it has signed a licensing agreement with Microsoft to develop RFID (Radio Frequency Identification Technology) related applications for its Windows Mobile platform, utilizing the MS Windows Mobile operating system. NDT will offer a comprehensive line of mobile computing products, targeting RFID field applications for use in asset tracking, inventory management, and POS for various B2B markets.

NDT’s CEO, Gary DeMel, a twenty-eight year veteran of the semiconductor and high-tech industries, commented on the agreement. “We are very excited to work with Microsoft’s technology and business teams to develop the next generation of RFID computing devices by utilizing Windows Mobile with customized application suites. Microsoft, which provides software and hardware products and solutions worldwide, is one of the world’s premier companies and we are looking forward to a successful licensing agreement with them.”

Daren Mancini, General

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Cavitation Technologies, Inc. (OTC Bulletin Board: CVAT) announced recently that it has signed Miura Engineering Co., Ltd. Tokyo, Japan (www.miura21.co.jp) as its new agent to serve markets in Japan for CTI’s Nano-Cavitation Process Systems. Miura is a leading Engineering Company specialized in Edible Oil Processing Plants in the Far East. Last week CVAT reported a 3-for-1 forward stock split.

At the 2nd Asia Pacific Contact Center Association Leaders and CCAM Expo this week in Kuala Lumpur, Malaysia, Convergys

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ChinaNet Online Holdings, Inc., an online technology and software provider which has, since its inception in 2003, led the field in full-service media development for small and medium enterprises (SME’s), today announced the appointment of a new Chief Technology Officer (CTO).

Mr. Hongli Xu will be taking the job of CTO at ChinaNet. CEO of ChinaNet, Mr. Handong Cheng, proclaimed that “he will provide critical leadership as we continue to elevate ChinaNet’s position in the Chinese media and advertising markets”.

Cheng went on to extol the appointment, saying of the candidate that “Mr. Xu brings over two decades of experience in the internet and software development industry in various sectors”.

With two years as head of development and management of an entire suite of software products for ThinkingPower Technology Co., Ltd. – a company working in broadcast and television markets via e-government software applications – Mr. Xu has the experience

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Newport Digital Technologies, Inc., a technology solutions driven company organized to focus on serving the fastest-emerging businesses in the technology space, announced today after the closing bell that it has implemented the licensing agreement with Microsoft Corp. to develop applications for its Windows Mobile platform. The Company has also progressed with their distribution agreement previously announced with Ingram Micro, Inc. (NYSE: IM), which will serve as its initial primary sales channel partner.

Newport Digital Technologies, Inc. (NPDT), in conjunction with leading Taiwan-based R&D technology incubators, the Institute for Information Industry (III) and the Industrial Technology Research Institute (ITRI), is commercializing a number of leading-edge Radio Frequency Identification (RFID) technologies. The first product is the N37B Ruggedized Handheld RFID reader and computing device that was unveiled this week at the Voluntary Interindustry Commerce Solutions Association (VICS) conference hosted by the University of Arkansas

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Taobao.com, the Internet shopping subsidiary of the Chinese B2B e-commerce group Alibaba, has announced that it will cooperate with China Mobile to launch a new mobile phone short message-based price comparison service. With this new service, mobile phone users will be able to inquire about the prices of goods sold on Taobao.com when they are shopping [...]

Pervasive Software Inc. (PVSW) recently reported revenues of $12.2 million in the fiscal first quarter, up 3% from the year-ago quarter and 9.9% sequentially.   Pervasive closed one relatively large transaction with a database customer representing approximately $2.4 million in revenues during the September quarter. Data integration business continues to perform well. The company recently announced that its upgraded software products are compatible with Windows 7.   Net income dipped to $1.6 million compared to $1.8 million in the year-ago quarter. Earnings per share came in at 8 cents beating the Zacks Consensus Estimate by a penny.   The results came in line with the management’s revised guidance provided on Oct 1. The company generated $1.2 million of cash from operations in the quarter. Pervasive used approximately $2.6 million of cash in the September quarter to acquire assets of Greenville, South Carolina-based ChanneLinx, Inc., a privately held business-to-business

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McGraw-Hill Companies (MHP) recently reported third quarter 2009 results. Quarterly earnings of $1.12 per share surpassed the Zacks Consensus Estimate of $1.06, but fell 8.9% from the $1.23 delivered in the prior-year quarter. On a reported basis, including one-time items, earnings fell 13% to $1.07 per share. The decline in the top line, partially offset by stringent cost controls, resulted in the fall to the bottom line. Due to effective cost management, the company now expects to achieve the high end of earnings guidance range of $2.20 to $2.25 per share for fiscal 2009. Revenue for the quarter slipped 8.4% to $1,875.9 million due to a fall in revenue in its three segments -- Education, Financial Services and Information & Media. Given the turbulent economy and softness in the elementary-high school market and advertising, management now expects revenue to decline by 7% in 2009 -- worse ...

Today, Biomass2Biopower Private Ltd. (“B2B”) announced that it has completed the first stage of its R&D program which is focused on the use of indigenous species of trees as viable sources of feedstock for the production of biomass for gasification power plant projects being implemented by Clenergen Corporation. The program aims to provide validation of the yield, production cycles and agronomy requirements as well as offer diversification to Clenergen’s integrated feedstock supply chain.

“Vanashree” was specifically highlighted in the press release for demonstrating an output of more than 40 tons per acre after 2 years of growth in a variety of soil conditions and relatively low water irrigation requirements. B2B will also develop and produce proprietary Bio pesticides, Bio fertilizers and other high value commodities from the processing of biomass resources. It is estimated that under controlled agronomy practices and fertilization

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Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has signed a Letter of Intent with Tactical Connections Inc. to provide various financial services to major tier one US, Canadian and European manufacturing and retail industries.

ServiceLink , a leading provider of mortgage origination and default services nationwide and the national mortgage lender platform for the Fidelity National Financial family of companies (NYSE: FNF), announced today that Jane Johnson has been appointed Senior Vice President of Loss Mitigation Services.

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