Pool Corp. (POOL) announced on Monday that it will acquire privately held General Pool & Spa Supply Inc., a regional swimming pool and spa products distributor, to strengthen its market positions and leverage the latter’s technology platform and spa parts expertise.

The transaction is expected to close in mid-October. Management expects this acquisition to be accretive in 2010 earnings and beyond.

Based in Northern California, General Pool & Spa manages 10 distribution sales centers and generates approximately $40 million in annual net sales. It is a well known and a reputed distributor in the industry and has an excellent customer servicing track record.

Pool, the world's largest wholesale distributor of swimming pool supplies, equipment, and related products, posted earnings of 99 cents per share in the second quarter. The results were 9 cents above the Zacks Consensus Estimate.

Revenues for the swimming pool supply wholesaler fell 13% year over year as the company

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Friday September 18, 2009

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Cavico Corp. (NASDAQ:CAVO), a leading infrastructure development company based in Vietnam, announced today that its common stock has been approved for listing on The NASDAQ Capital Market under the ticker symbol CAVO. Trading on The NASDAQ Capital Market will commence today.

Avago Technologies Limited (Nasdaq:AVGO), a leading designer, developer and global supplier of analog semiconductor devices, today announced the early tender results for the cash tender offer by its wholly owned subsidiary, Avago Technologies Finance Pte. Ltd.

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BioPharm Asia, Inc., a major retailer and wholesale distributor of medical products in China, today announced its financial results for the second quarter and six months ended June 30, 2009. For the second quarter, revenues were $19.9 million, up 22.0% from the $16.3 million generated during the second quarter of 2008. For the six months ended June 30, 2009, revenues totaled $42.6 million, up 27.5% from the prior year, largely due to an increase in wholesale revenues.

Gross profit for the quarter was $5.9 million, up 12.6% from the comparable period last year. For the first six months, gross profits were $12 million, up 21% from last year. Gross margin as a percentage of revenue declined to 29.8% in the second quarter of 2009 from 32.3% for the prior period, and the gross margin in the first half was 28.1% as compared to 29.7%.

Operating expenses for the second quarter

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Wednesday August 5, 2009

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TomoTherapy Incorporated (NASDAQ: TOMO) announced today that the 2009 meeting of the American Association of Physicists in Medicine (AAPM) featured a comprehensive look at the current and future role of TomoTherapy® technology in addressing complex cancer treatment challenges. TomoTherapy users from around the world attended the AAPM annual meeting, presenting on topics that addressed: the successful use of TomoTherapy’s unique radiation therapy solution across a wide range of cases; planning studies documenting the clinical advantages of TomoTherapy over treatments from conventional radiation therapy devices; and investigations into radiobiological treatment improvements using the unique CT scanner-based TomoTherapy platform.

China Bio Energy

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China 3C Group, a leading wholesale distributor and retailer of computers, communication products and consumer electronics in China, recently announced that the company has completed the acquisition of Jinhua Baofa Logistic, Ltd., a transportation logistics company in Eastern China.

The transaction was structured as an acquisition through the company’s subsidiaries, Zhejiang Yong Xin Digital Technology Co., Ltd. and Yiwu Yong Xin Communication Ltd., for a cash consideration of RMB 120 million (approximately US$17.4 million). With revenue of $10.5 million and net income of $1.9 million, Jinhua Baofa Logistics’ services cover more than 20 cities in Eastern China, including Shanghai, Hangzhou and Nanjing. Mr. Hongfei Guo, chief executive officer of Jinhua, will continue to manage the business following the closing of this acquisition.

Mr. Zhenggang Wang, chairman and chief executive officer of China 3C, commented, “We are pleased to complete our acquisition of Jinhua and expand our logistical capabilities. We have combined Jinhua’s

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United Natural Foods (UNFI) hosted its 2009 Financial Analyst Day in York, Pennsylvania. Steven Spinner, President and CEO, explained the company's strategy for growth, while Mark Shamber, CFO, reiterated sales and earnings guidance for fiscal 2009. Afterwards, analysts were invited to tour the company's newest and largest distribution center.United Natural Foods is the largest wholesale distributor to the natural and organic industry in the United States. Despite the current economic weakness having negatively impacted sales, the company has continued to grow the top line in the last two quarters, albeit at a low single-digit rate.The outlook for the natural products sector is positive, driven by increasing consumer awareness towards health and wellness. In fact, the natural products sector (which includes organic foods, nutritional and herbal supplements, cosmetics and medicines, among other categories) generated sales of over $68 billion in 2008.Over ...

China 3C Group, a retailer and wholesale distributor of consumer and business products in China, reported its financial results for the fourth quarter and full year of 2008. Net sales for the fourth quarter of 2008 totaled $84.9 million, a 22.9% increase compared to $69.1 million for the same period of the prior year. The company’s retail business accounted for approximately 68% of sales while the wholesale business generated approximately 32% of sales.

Net sales for last year increased 13% to $310.6 million, versus $276.0 million for 2007. General and administrative expenses for the year totaled $14.1 million, or approximately 4.5% of sales, compared to $13.6 million, or 4.9% of sales, in 2007. Income from operations for 2008 was $34.5 million, a slight decrease from the prior year. Net income was $26.8 million (or $0.51 diluted earnings per share) for 2008, compared to $22.9 million (or $0.44 diluted earnings per share)

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Pool Corp (POOL) is the world's largest wholesale distributor of swimming pool supplies, equipment, and related products. We reiterate our Hold rating on the shares prior to the release of third-quarter financial results. Given the current challenging operating environment, we believe that a multiple near the low-end of the company's historic range is appropriate.Pool is unquestionably the leader in the industry, and stands to reap substantial benefits when the market eventually improves. The current operating environment remains challenging due to the downturn in the housing market, adverse weather conditions in key markets, and the negative impact of recently opened sales centers. While recent results provided some evidence that the company's business may have stabilized, we continue to prefer a cautious outlook. Shares of POOL currently trade at approximately 13.9x our 2008 EPS estimate of $1.28, and at approximately 11.7x our 2009 EPS estimate of ...

China 3C Group (CHCG) announced it will be opening its first mobile phone retail counter, after signing an agreement with the China Intime Group. China Intime operates a chain of 11 department stores in China. The CHCG retail location is in the high-end LiQun Department Store, in Hangzhou City.

“Our agreement with China Intime is our first with a high-end retailer,” said Zhenggang Wang, China 3C Group Chairman and CEO. “We believe our penetration into its flagship store can further diversify our customer base and maximize sales of our leading mobile phone brands.”

China 3C will sell about 20 brands and 100 models of mobile phones, including those from Nokia, Samsung, Sony-Ericsson and Motorola. The company, overall, is a retailer and wholesale distributor of consumer and business products in China. Its goal is to become the number one retailer of communities, creation and connectedness (3C) products in China.

“It’s a pleasure to work

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Valence Technology, Inc. (NASDAQ: VLNC) announced today that it welcomes Ross A. Goolsby, as its new chief financial officer, effective Nov. 17.

“Ross brings with him an outstanding skill set in finance and information technology, including extensive planning and budgeting, internal controls and SEC reporting experience,” said Robert L. Kanode, Valence president and CEO. “A seasoned professional with nearly 20 years of diverse experience, Ross will be an excellent addition to our talented senior management team.”

Valence, based in Austin, Texas, develops lithium phosphate energy storage units and components, including the first reliable and rechargeable lithium phosphate battery. It has facilities in Nevada, China and Northern Ireland.

Goolsby began his career working in the Houston and Dallas offices of Ernst & Young. He earned a Bachelor of Business Administration in Accounting and graduated magna cum laude from the University of Houston.

Most recently he served as senior vice president and CFO for Healthtronics, Inc.,

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