HANGZHOU, China–(BUSINESS WIRE)–China Jo-Jo Drugstores, Inc. (OTCBB:CJJD) (“Jo-Jo Drugstores” or the “Company”), which operates a retail pharmacy chain in the People’s Republic of China, today announced its financial results for its fiscal third quarter ended December 31, 2009.
Fiscal Third Quarter 2009 Highlights
- Revenues increased 29.1% period-over-period to $14.9 million
- Gross profit increased 43.4% period-over-period to $4.8 million
- Income from operations increased by 25.2% period-over-period to $3.4 million
Stocks are lower on continued worries about the economy and concerns about European debt issues
The market’s major indexes have traded erratically lately as investors try to determine whether a global economic recovery is sustainable. Traders are still grappling with concerns that some European countries, such as Greece, Portugal and Spain, might not be able to handle their mounting debt. Stocks have also been hurt by China’s plans to limit economic growth and the Obama administration’s proposed rules to restrict trading by large financial institutions.
All of those concerns have investors on edge about whether the global economy can recover strongly in the coming months. Stocks had rallied for 10 months on hopes of a rebound after hitting 12-year lows last March.
ORLANDO, Fla., Feb. 8, 2010 (GLOBE NEWSWIRE) — General Automotive Company (OTCBB:GNAU), a North American provider of aftermarket parts and advanced technology for the automotive industry, today announces the opening of a Los Angeles office of OE Source. OE Source, a wholly owned subsidiary of General Automotive, opened the new LA office to support the expansion of its new export division. The new office will be led by Brandon Cser, the company’s newest National Sales Executive.
Stocks are lower on mixed signals from jobs report
Stocks fell Friday following mixed news from the Labor Department’s monthly employment report. The Dow Jones industrial average dipped below the 10,000 mark.
The unemployment rate unexpectedly fell in December to 9.7 percent from 10 percent, even though analysts expected a slight increase.
At the same time, however, employers cut 20,000 jobs, more than the 5,000 economists expected, according to Thomson Reuters. The two numbers are calculated from different surveys.
WAYNE, Pa. — VitaminSpice (OTC Bulletin Board: VTMS) (German WKN: A0YCND) (www.VitaminSpice.net) has partnered with CWC Sports, a full-service sports marketing company based in Los Angeles, California.
This strategic alliance will generate millions of dollars worth of media partnering for VitaminSpice — with every major team in Major League Baseball, the NBA, NHL, and the NFL.
ORLANDO, Fla., Feb. 5, 2010 (GLOBE NEWSWIRE) — General Automotive Company (OTCBB:GNAU), a North American provider of aftermarket parts and advanced technology for the automotive industry, today announced it has an agreement to acquire privately held S.P.E.C., Inc. The transaction is expected to further position the Company as an organization that capitalizes on both organic growth as well as growth through strategic acquisition.

