Stock Update: Warren Resources, Inc. (WRES), Revolution Lighting Technologies Inc (RVLT), And Wet Seal Inc (WTSL)

Posted by Peter Lauro December 31, 2014 0 Comment 1018 views

New York, NY – GDP INSIDER – 12/31/2014.

Warren Resources, buy viagra online Inc. (NASDAQ:WRES) recently award its interim CEO, Lance Peterson, 300,000 shares in restricted stock. Peterson replaced Philip Epstein as interim CEO. Epstein resigned in what the pharmacyexpress-viagra company said was a move motivated by his desire to pursue other opportunities.

Warren Resources, Inc. (NASDAQ:WRES) further clarified that the exit of Epstein did not result from any disagreements relating adderall and zoloft to financial levitra medication or legal matters that are affecting the company.

WRES disclosed revenue of $40.51 million at the end of the most recent quarter. The revenue amount improved from the previous quarter as well as YoY.

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Revolution Lighting Technologies Inc (NASDAQ:RVLT) entered into a distribution agreement with Fastenal Company (NASDAQ:FAST). The strategic partnership will see Fastenal stock and offer various LED products from RVLT at its stores and distribution centers in the U.S.

Fastenal (FAST) is among the largest MRO suppliers in the U.S. market. Therefore, the partnership is expected to viagra for women help Revolution Lighting Technologies Inc (NASDAQ:RVLT) enter and grow in the potentially lucrative MRO marketplace. The deal is expected to transfer the financial performance of RVLT as it moves into new markets.

Revolution Lighting Technologies Inc (NASDAQ:RVLT) recently performed a fundraiser in which it floated its common shares. The company offered 8 million shares for sale at the price of $1.25 apiece. It also granted the underwriters an opportunity to purchase 1.2 million additional shares to cover over-allotment. It expected to tap $9.3 million from the offering assuming that the underwriters didn’t exercise their option for over-allotment. According to RVLT, the fundraiser was intended to support various projects in the company that include acquisitions and working online casino capital.

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Wet Seal Inc (NASDAQ:WTSL) is no longer at ease. The company is hard-pressed from almost all sides. It is bleeding cash at a time when sales have refused to improve. The company warned that the bankruptcy was inevitable if the situation didn’t improve in good time.

According to some industry observers, Wet Seal Inc (NASDAQ:WTSL) is to blame for some of its woes. The company has in the recent past kamagra vs viagra showed a lack of direction especially with regards to its target audience. It has shifted its target age a number of times over the past decade, leading customers confused at best.

Wet Seal Inc (NASDAQ:WTSL) reported 15% decline in revenue to $104.3 million in the most recent quarter.

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