AES Corporation’s (AES) adjusted EPS of 26 cents in the third quarter of fiscal 2009 was in line with the Zacks Consensus EPS estimate for the quarter. However, adjusted EPS for the quarter fell short by five cents compared to the year-ago EPS of 31 cents. The year-ago adjusted EPS had been boosted by 6 cents from currency transaction losses, 2 cents from incremental losses and a penny from mark-to-market losses. In comparison, the reported quarter’s EPS was affected by 3 cents from currency transaction gain and 2 cents from disposition losses. This was partially offset by 3 cents from mark-to-market losses.  In the reported quarter, consolidated revenue decreased $481 million year-over-year to $3.8 billion. Of the downside, $367 million was due to the strengthening of the U.S. dollar relative to the Brazilian real, which depreciated 13%. Also, lower commodity input prices translated into lower revenues at ...

Intelimax Media Inc. is an internet services company focusing on online games, web content and advertising. Using its proprietary gaming and pay-per-click listing platforms, Intelimax has released its own proprietary web properties and social network applications.

The company announced today the signing of a letter of intent with Canada Business Network Services Inc. (“CanBiz”) to represent Intelimax in southeast Asia as its market advisor and intermediary for the purpose of developing new business opportunities in that region of the globe. The first opportunity in Asia that CanBiz is helping Intelimax with will be in the Philippines.

Can Biz will assist Intelimax with introductions, networking, business development discussions and negotiations in the region. They will also pursue projects and business opportunities in the growth and management of industry specific web content, portals, media and advertising. Once specific business has been identified in the region, Intelimax will sign a binding services agreement that outlines

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Earnings estimates for Schweitzer-Mauduit International, Inc. (SWM) have been steady over the past month, but that could change in the near future as this diversified producer of premium specialty papers just raised its full-year outlook.

< ?DART(15);?> SWM is a top-performing Zacks #1 Rank company on Wednesday with shares that have increased more than 9%. Volume is well above normal at 551,000, compared to the daily average of more than 245,000.

The Zacks Consensus Estimate for this year is $3.75 per share, which is only a penny higher than 2 months ago but is 7.1% better than 3 months ago.

In addition, the Zacks Consensus Estimate for next year is pegged at $4.70, accounting for a gain of 5.6% in 2 months and as much as 843% in 3 months.

Q3 Helped by Higher-Value Products

Yesterday, Schweitzer-Mauduit International announced third-quarter earnings per

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Colgate Palmolive Company (CL) reported results for the third quarter of 2009 with earnings of $1.12 per share, which was a penny above the Zacks Consensus Estimate of $1.11. Earnings were up 13.1% year-over-year, driven by effective price implementation and ongoing aggressive cost savings program. Net sales for the quarter were flat year-over-year declining marginally by 0.3% to $3.9 billion as unit volume increased 1.5% and pricing contributed 5.0%. This was partially offset by negative foreign exchange translation of 6.5%. Organic sales (excluding foreign exchange, acquisitions and divestitures) increased 7.0% in the quarter. North American sales increased 3.0% driven by 1.5% pricing and 5.0% unit volume growth, partially offset by 0.5% negative currency translations. In Latin America, sales grew 5.0% as unit volume increased 3.0% driven by solid gains in Venezuela which were partially offset by an 11.0% negative foreign exchange impact. In Europe/South Pacific, ...

Earlier today, cigarette manufacturer and marketer Philip Morris International Inc. (PM) reported better-than-expected third-quarter results, benefiting from price increases in some markets. Earnings per share came in at 93 cents, 3 cents above the Zacks Consensus Estimate. On a year-over-year basis, Philip Morris’ earnings per share was flat (excluding a tax benefit of 8 cents in 2008), while net revenues declined 4.6% to $16.6 billion, attributable to unfavorable currency translations and weak results in the European Union (EU), Eastern Europe and Middle East & Africa (EEMA) markets. Revenue, Volumes & Margins On an organic basis (excluding currency and acquisitions), revenues increased 4.1% driven by favorable pricing. Cigarette volume was down almost 3% year-over-year to 219.3 billion units, mainly because of declines in EU, EEMA and Asia. The first two regions were adversely affected by the economic crisis (especially in Spain and Ukraine) and unfavorable comparisons ...

Micro Imaging Technology, Inc. announced today that Biotek Sdn Bhd has purchased its first MIT 1000 System. Biotek Sdn Bhd was recently signed as the company’s distributor for Malaysia and other Association of Southeast Asian Nations (ASEAN) which includes Indonesia, Singapore, The Philippines, Thailand and Cambodia, in addition to others.

Recognized as a premier distributor in the food protection market, Biotek distributes products that are complementary to the MIT 1000 Rapid Microbial Identification System. “Our sales strategy is to demonstrate the features and benefits of this System in typical applications, enabling prospective clients to immediately understand its value. We have found this approach produces much faster sales than other traditional methods,” commented Biotek’s Director, W.C. Fong. “We are pleased to add the MIT 1000 System to our product portfolio. Its rapid test time coupled with its low operating cost will be attractive to many of our customers.”

Biotek has been scheduled

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Clenergen Corp. is a biofuels company that is approaching the sector from a different perspective – from an agronomy/biology and plantation standpoint. The company’s goal is to produce high-density, short-rotation biomass crops on a commercial scale which will then be used to power, steam and perhaps produce other products from advanced gasification and steam technologies.

The company is led by an eminent Board of Directors and Advisors. Here is a brief overview of the members:

Dr. Arvind Pandalai – Non-Executive Group Chairman

Dr. Pandalai has 32 years of experience in international trading, export and import management, joint ventures, project and financial management along with strategic planning. He has numerous prestigious management awards in his native India.

Robert Kohn – Non-Executive Vice-Chairman, North America

Mr. Kohn has been chairman/CEO, president/COO, and co-founder of three start-up public companies, with a combined market cap of over $1.5 billion.

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Skinvisible, Inc., a pharmaceutical research and development company, announced that the company has entered into an exclusive license agreement with Mayquest Pharmaceuticals Pte. This license agreement grants Skinvisible the exclusive rights for the product Dermsafe in Singapore, Malaysia, Thailand, Indonesia, and the Philippines. Dermsafe is a patented antimicrobial hand sanitizer lotion proven to kill the H1N1 swine flu virus.

Under the terms of this agreement, Mayquest is to pay an upfront license fee in milestones for the exclusive manufacturing and marketing right. Skinvisible will also receive on-going royalties derived from product sales.

Mr. Terry Howlett, President and CEO of Skinvisible, stated, “Mayquest is an excellent partner to bring DermSafe to both the retail and healthcare market in Southeast Asia”

Howlett added, “This agreement represents an important step in accelerating our worldwide approval and commercialization of DermSafe for the prevention of the spread of the swine flu and other viruses and bacteria. Mayquest

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Optimized Transportation Management, Inc. (OTCBB: OPTZ), a supply chain logistics company, has signed a letter of intent to merge with Griffin Transport, Inc., a Global Supply Chain Company offering a diversity of logistics services throughout the world. Griffin generated approximately $20 million in gross revenue with a net profit of nearly $1 million. OPTZ’s business plan is to build a full service supply chain logistics company by developing a management system for midsized manufacturers and distributors, thereby providing the

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Wells Fargo & Company (WFC) announced the expansion of its money transfer program to the Internet, making it easier for customers to send money to family members living in Mexico, India and other South Asian countries.  The ExpressSend remittance service was introduced in 2007 at the bank's branches and over the phone.  The transferred money can be collected from the branches of specified overseas banks and at their automated teller machines. Customers using the service online will continue to receive detailed information on how and where the money is being sent including the associated fee, the foreign exchange rate and the foreign exchange margin. The margin is the estimated revenue the bank earns on the conversion.  Wells Fargo said transaction fees will be discounted or even waived for customers sending money from eligible Wells Fargo checking and savings accounts. Money through the new service will ...