Business & Finance Finance

Pennytobuck Hot Stock Update On Mslp,tstc,gtlt

MusclePharm Corporation (OTCBB:MSLP), One of the fastest growing nutritional supplement companies in the United States announced it has retained ICR, Inc., as its investor relations consulting partner.

Founded in 1998, ICR, Inc. is a leading financial communications consulting firm that provides unmatched counsel from vertically focused senior-level professionals. ICR has set a new standard for financial communications with a business model driven by deep, capital-markets expertise provided by a team of former Wall Street professionals, including senior sell-side analysts, portfolio managers and investment bankers. The firm represents many clients across many verticals, including some of the most recognized brands in the healthy living markets.

Also, MSLP is set to release an exclusive distribution contract with PSI Distribution combined opening purchase order of $500,000 dollars in MusclePharm products.

From there, a minimum Purchase Order of $500,000 in MusclePharm products will be made by PSI every 90 days, allowing MusclePharm to cultivate awareness in an area that has exploded in Ultimate Fighting Championship (UFC) and Mixed Martial Arts popularity.

MSLP has also sponsored more than 50 UFC and World Extreme Cagefighting (WEC) fighters, and is a title sponsor for the WEC, a sister company to the UFC that attracts more than one million viewers for its regular broadcasts on Versus.

MSLP products are currently available in 1,200 of the top GNC stores in the United States, as well as Vitamin Shop.

For more information, please visit www.musclepharm.com.

Telestone Technologies Corporation (Nasdaq:TSTC), a leading developer and provider of telecommunications local access network solutions based in China, recently reported its financial results for its second quarter ended June 30, 2010.

Second Quarter 2010 Highlights
-- Revenue was $16.6 million, up 37.0% from 2nd Quarter of 2009
-- Gross profit was $7.5 million, up 49.8% from 2nd Quarter of 2009; gross
profit margins were 45.1%, exceeding management guidance on gross
profit margins of 42%
-- Company increased sales and marketing efforts to secure higher margin
WFDS(TM) projects and installations
-- Net income was $1.7 million, down 12.8% from 2nd Quarter of 2009 as a
result of increased SG&A expense in the quarter
-- Earnings per diluted share were $0.16 based on 10.5 million fully
diluted shares
-- Company announced its first US-based WFDS(TM) contract for a
Houston-based hospital on August 9, 2010, opening up international
sales channel

Global Telecom & Technology, Inc. , (OTCBB:GTLT), a leading global network integrator that provides its clients with a broad portfolio of wide-area network, dedicated Internet access and managed data services, recently reported financial results for the second quarter ended June 30, 2010. Highlights for the quarter include:

Revenue increased by 22 percent to $19.7 million as compared to $16.1 million for the second quarter 2009.
Gross margin of 30.1 percent increased compared to 29.1 percent in the second quarter of 2009.
Selling, general and administrative (SG&A) expenses, excluding non-cash compensation, decreased to 21.8 percent of revenue, compared to 22.5 percent in the second quarter of 2009.
Adjusted Earnings Before Interest Taxes Depreciation and Amortization (EBITDA)* increased 54 percent to $1.6 million compared to $1.1 million in the second quarter of 2009.
Net income of $0.3 million, or $0.02 earnings per share, decreased slightly compared to $0.4 million, or earnings per share of $0.03 in the second quarter of 2009.
Conference Call Information

GTT will hold a conference call on Friday, August 13, 2010 at 10:00 a.m. Eastern Time (7:00 a.m. PT) to discuss its results for the second quarter ended June 30, 2010. To participate in the live conference call, interested parties may dial or and enter passcode 5441748. A simultaneous live webcast of the call will be available over the Internet at www.gt-t.net, under the Investor Relations section of the site. A replay of the call will be available for one month. Interested parties can access the call replay by dialing or +1.719.457.0820 and using the passcode 5441748. In addition, a replay of the webcast will be available on GTTs website at www.gt-t.net.

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