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Delivery Technology Solutions, Inc. (PINK SHEETS:DTSL) and its subsidiary Universal Delivery Solutions, Inc. management hosted a successful shareholder teleconference on August 9, 2010, revealing several important company updates. CFO Jeff Smith opened the conference by addressing participants about Delivery Technology Solutions' history and detailed how Universal Delivery Solutions' customized chain delivery system has already been adopted by a major American fast food retailer and a national movie theatre chain.
In the Q&A section Mr. Smith revealed that Delivery Technology Solutions expects to realize a 100% revenue increase in Q3 over Q2 of this year, and another 100% increase in Q4 over Q3. He forecasted 2010 revenue at $400,000 to $500,000, with 2011 revenue expected to more than double this year's total.
Delivery Technology Solutions, Inc. is the leader in providing comprehensive custom-developed catering/delivery solutions to industries throughout North America, including restaurants, retail and others. Delivery Technology Solutions' solutions offer a seamless system that integrates Customer Relationship Management (CRM) and Call Center IT services through a proprietary technology backbone to offer convenience, consistent quality, flexibility, accountability and value for consumers and companies.
ARMOUR Residential REIT, Inc. (NYSE Amex:ARR) reported that its Board of Directors has declared a $0.36 dividend payable to shareholders of record on Thursday, September 23 with an ex-dividend date of Tuesday, September 21, 2010. The dividend will be paid on Friday, October 29, 2010. ARMOUR Residential REIT also reported that dividends will be paid on a monthly basis starting in January 2011. $0.36 dividend equals annualized taxable yield on June 30, 2010 equity of 19.6%. The dividend will be paid from estimated Q3 2010 taxable REIT earnings. Starting in January 2011, ARMOUR Residential REIT will pay dividends monthly. The fourth quarter 2010 dividend will be announced and paid in December 2010.
ARMOUR is a Maryland corporation that invests primarily in hybrid adjustable rate, adjustable rate and fixed rate residential mortgage-backed securities, or RMBS, issued or guaranteed by U.S. Government-chartered entities. ARMOUR is externally managed and advised by ARMOUR RESIDENTIAL MANAGEMENT LLC ("ARRM"). ARMOUR Residential REIT, Inc. intends to qualify to be taxed as a real estate investment trust ("REIT") for U.S. federal income tax purposes, commencing with ARMOUR's taxable year ending December 31, 2009.
Armstrong World Industries, Inc (NYSE:AWI), and Universal Display Corporation, the company enabling energy-efficient displays and lighting with its UniversalPHOLED technology and materials, yesterday released that the companies have demonstrated a novel white phosphorescent OLED lighting system to the U.S. Department of Energy (DOE) in connection with the successful completion of their $1.9 million, two-year, Solid State Lighting Product Program titled Development of High Efficacy, Low Cost Phosphorescent OLED Lighting Ceiling Luminaire System. This demonstration is a critical step toward the commercialization of efficient, low-cost lighting systems for commercial applications.
Armstrong World Industries, Inc. is a global leader in the design and manufacture of floors, ceilings and cabinets. In 2009, Armstrong's consolidated net sales totaled approximately $2.8 billion. Based in Lancaster, Pa., Armstrong operates 35 plants in nine countries and has approximately 10,200 employees worldwide.
Arotech Corporation (NASDAQ:ARTX), a provider of quality defense and security products for the military, law enforcement and security markets, reported yesterday that Arotech's Battery and Power Systems Division has received new and follow on orders of close to $3 million for batteries and rechargeables for military and domestic consumption. The batteries and rechargeables will be used for telecom equipment, aviation safety devices and the military's future soldier programs.
"We are very pleased with the continued world-wide demand for our battery and rechargeable products," said Robert Ehrlich, Arotech's Chairman and Chief Executive Officer. "As we expand our product portfolio and enter new markets like the military's future soldier programs, we are focused on continuing to expand sales in the division," added Ehrlich.
Arotech Corporation is a leading provider of quality defense and security products for the military, law enforcement and homeland security markets. Arotech provides multimedia interactive simulators/trainers, lightweight armoring and advanced zinc-air and lithium batteries and chargers. Arotech operates through three major business divisions: Armor, Training and Simulation, and Batteries and Power Systems. Arotech is incorporated in Delaware, with corporate offices in Ann Arbor, Michigan and research, development and production subsidiaries in Alabama, Michigan and Israel.
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