Almost 13,000 representatives of the global sportfishing community converged in Orlando, Florida for the 58th International Convention of Allied Sportfishing Trades, better known as ICAST. The world’s largest sportfishing trade show is the cornerstone of the industry and is the showcase for the latest innovations in tackle, gear and accessories.
Acme United’s (ACU – $18.26) Cuda fishing brand had a booth at the show and attracted lots of interest from distributors, retailers and sporting goods chains. Rick Constantine, Acme’s Vice President of Marketing & General Manager commented, “ICAST 2015 Cuda booth was the busiest show booth in my career.”
Many of the Cuda Pro Staffers attended the show like Bob Izumi, known from the syndicated television show Real Fishing, and Mariko Izumi of the World Fishing Network’s Hookin’ Up. Several captains from the National Geographic Channel’s hit series Wicked Tuna including TJ Ott and Paul Hebert attended as well and were there to promote the brand and provide insights regarding how Cuda improved their fishing performance. All these stars [click to continue…]
Despite being impacted by store closures at large office supply retail chains, Acme United (ACU – $18.00) set a new all-time quarterly sales and earnings record.
Sales for the three months ended June 30, 2015, reached $34.0 million, up 2% compared with sales of $33.4 million in the second quarter of 2014. Net income in the second quarter of 2015 rose by 6% to $2.7 million, or $0.74 per diluted share, versus $2.5 million, or $0.72 per diluted share, in the comparable quarter last year.
The second quarter benefited from new customers that were attracted and new product families that were launched. In particular, sales of first aid items, Cuda fishing tools, and Camillus knives overcame the weakness in the office channel. The fact that [click to continue…]
EnWave Corp (TSXV:ENW – $0.80 CAD & OTC:NWVCF – $0.63 USD) shareholders had been anxiously waiting for the news, but now it’s official. The Company installed, and started up a 120kW commercial quantaREV machine for Bonduelle, a global leader in the production of frozen and canned vegetables. Bonduelle’s global distribution reaches into over 100 countries worldwide. So it’s hard to underestimate the significance of this deal.
This unit enables Bonduelle to produce, for the first time, frozen vegetables with enhanced flavor, color and nutrient concentration. As such, it will be able to significantly distinguish itself from its competitors.
Bonduelle will pay a production-based royalty on a quarterly basis and a [click to continue…]
EnWave Corp (TSXV:ENW – $0.90 CAD & OTC:NWVCF – $0.69 USD), which offers a new dehydration standard for the food and biological markets, signed a technology evaluation agreement with a major table grape producer in the State of California.
During a seven month period the grape producer has the right to evaluate EnWave’s Radiant Energy Vacuum (REV) technology to develop dehydrated crispy grape snacks. In order to do so, the California company will rent a 10kW commercial-scale nutraREV machine for which it will pay EnWave US$37,500 as an upfront rental fee.
If the company decides to exercise its exclusive option to produce grape snack products in the State of California, it will be required to submit a purchase order for at least one [click to continue…]
Since Tuesday, Cheddar and Gouda Moon Cheese snacks are available at approximately 3,400 Starbucks locations in the United States.
The standard 2oz cheese packs will be promoted in-store during the first nine weeks of the program, while the following seven weeks will be used to collect sales data and to determine whether the product can sell without extra promotion.
Based on this trial period, Starbucks will determine if it’s justified to continue selling the product. If sales go well, it may even expand distribution to more locations.
Many on social media have already “Liked” the Moon Cheese snacks at Starbucks. One of the most popular unofficial Starbucks blogs StarbucksMelody commented: “The Cheddar Moon Cheese was incredible. It’s like extremely fancy Cheetos. I strongly [click to continue…]
Cemtrex, Inc. (CETX – $3.18), a diversified industrial and manufacturing technology company continues to make outstanding financial and operational progress.
In the first six months of fiscal year 2015, ended March 31, 2015, Cemtrex’ net sales were $28.1 million compared with $20.5 million in 2014, an increase of 37.3%. In addition, net income for the six months ended March 31, 2015 reached $1.47 million, or $0.04 per share, compared with $1.18 million, or $0.03 per share in 2014, a 24% increase in both net income and earnings per share.
Thanks to these results, and its solid balance sheet, Cemtrex was able to uplist to the NASDAQ market a few days ago. Its new ticker symbol is CETX. One of the last remaining steps to meet all the requirements to move to NASDAQ was its stock price, which was [click to continue…]
Hormel Foods Corporation, the $15 billion dollar company known for its numerous meat and food products, is introducing Spam Snacks, dried, bite-sized flavored pieces of the iconic canned meat.
What may sound as a regular product launch, is in fact a very important event because these snacks are produced with EnWave Corporation’s (TSXV:ENW – $1.00 CAD & OTC:NWVCF – $0.72 USD) Radiant Energy Vacuum (REV) technology.
During an investor presentation, held a few days ago, Hormel unveiled the snacks, which are available in three flavors: classic, bacon and teriyaki. Spam Snacks will launch this summer in a number of select markets and grocery stores in the United States. If the launch is successful, the snacks will be introduced across the U.S.
James Splinter, group vice-president of Hormel’s Grocery Products unit commented, “This represents a breakthrough [click to continue…]