Monday August 17, 2009
Kingstone Companies, Inc. (NASDAQ: KINS) today filed its Form 10-Q for the quarter ended June 30, 2009. Barry Goldstein, Kingstone Companies (”KINS”) Chairman and CEO, said, “During Q2, we exited the distribution sector of the property and casualty insurance industry. We completed the sale of all of our retail locations in New York and Pennsylvania and no longer serve as an agent or broker. During the second quarter, we also sold our franchise operations.” Based upon the foregoing, substantially all of KINS’ operations for the period ended June 30, 2009 are reflected in the Form 10-Q as discontinued operations.
As an integral part of its territory focused marketing and direct sales strategy Omnicity Corp (OTCBB:OMCY) has launched specific targeted market sales campaigns utilizing “EMU 1″ (Experiential Marketing Unit #1) to support its grassroots direct sales efforts. EMU 1 is the first of several sophisticated mobile marketing platforms Omnicity will be deploying at strategic locations throughout its markets in support of area specific integrated sales and marketing campaigns. Omnicity has developed its marketing model using a “build, buy and partner” foundation and is using EMU 1 to give new subscribers the “Omnicity Experience” at county fairs, festivals, promotional events, partnering events, and new territory launches. “We give our potential customers the opportunity to experience our services in a mobile environment to show our broadband capabilities. They can experience a live demonstration of high s! peed Int ernet, voice services (VOIP) and video services in a real time, real life setting that they would otherwise not be able to experience,” commented David Weddell, Vice President of Sales and Marketing with Omnicity.
Hot Insurance Stocks -Kandi Technologies, Corp. (NASDAQ: KNDI), an established China-based leader in the design and manufacture of all terrain recreational vehicles, and the designer and manufacturer of the COCO all electric super mini auto, today announced results for its second quarter and first half ended June 30, 2009.
RCA Research, Inc. today announced that it has signed an Asset Purchase Agreement with COMSYS IT Partners, Inc. (NASDAQ: CITP) to join the worldwide family of COMSYS companies. The terms of the cash transaction were not disclosed, however, RCA Research’s full platform of services offerings will merge effective August 17, 2009.
Hot Insurance Stocks -Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) have declared their monthly dividends. The funds seek to provide investors with current dividend income that is exempt from regular federal income tax. In addition, these funds feature income exempt from the federal alternative minimum tax (AMT).
Hot Insurance Stocks -IMAX Corporation (Nasdaq:IMAX) announced today the closing of the public offering of 5,882,353 of its common shares at a public offering price of $8.50 per share. Gross proceeds from the offering were approximately $50 million. IMAX has granted the underwriter the option to purchase up to an additional 882,353 common shares at the public offering price, less the underwriting commission, within 30 days following pricing.