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| Another Huge Quarter for MJNA Revenues |
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 Hot Stock to Watch
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Company: Medical Marijuana Inc. (Pink Sheets: MJNA)
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End of Day:
Price: 0.12
Change (%): - 0.015 (11.11)
Volume: 20,657,835 |
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Medical Marijuana Inc. Reports Record Fourth Quarter 2012 Revenue and Income
Revenue Up Over 1100 Percent from Prior Year
SAN DIEGO, Jan. 22, 2013 /PRNewswire/ -- Medical Marijuana, Inc. (OTC: MJNA), a leading cannabis and hemp industry innovator, today is pleased to pre-announce its fourth quarter earnings. The company earned net income of approximately 3.39 million dollarson gross revenues of 5.10 million dollars for the quarter ended December 31, 2012. This represents a gross revenue increase of over 2.0 million dollars compared to the prior quarter ended Sept 30, 2012. When compared to the same quarter ended December 31, 2011 this represents revenue increase of 4.5 million dollars and over 1,100 percent.
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Other Small Cap News
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Company: ValCom, Inc. (Pink Sheets: VLCO)
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ValCom's My Family TV Signs San Antonio Affiliate
BOONTON TOWNSHIP, N.J., Jan. 22, 2013 /PRNewswire/ -- A representative of ValCom, Inc. (PINKSHEETS: VLCO) announced today that the company's My Family TV network will soon be carried in the San Antonio, TX market.
My Family TV signed an affiliation agreement with KAXX-TV 35 and will launch this quarter on KAXX-TV's 35.2 digital channel.
"We are committed to the continued growth of My Family TV," stated ValCom Vice President, Ken Gibson . "Expansion into the San Antonio television market is another exciting step in bringing My Family TV into every city across the country."
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Company: Texas Wyoming Drilling, Inc. (Pink Sheets: TWDL)
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Texas Wyoming Drilling, Inc, a US-based Exploration mining company is ready to prove that GOLD can be Green.
LAS VEGAS, Jan. 22, 2013 /PRNewswire/ -- Texas Wyoming Drilling, Inc., (OTC: TWDL) a US-based exploration mining company announces today that the company is working with an industrial Engineer that is designing a state of the art piece of Mining Equipment. TWDL will hold the license rights for this Green Recovery mining technology, the Patent for which is pending in the US and Canada.
"Once the patents are approved Texas Wyoming, Inc. will begin manufacturing," stated Dr. Robert J. Michet, President & CEO of TWDL, who went on to say, "More than ever, the concepts of Green mining, responsible mining and sustainable mining need to be advocated and practiced. The design for the first non-chemical, ECO-friendly machine will be able to process approx. 10 tons of material per hour. We expect the equipment to be able to increase production over a period of time. We will change the mining methods around the world. This equipment is capable to extract all rare earths and precious metals. We are excited about this new technology and we will start utilizing our first unit at the Yellow Jacket."
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Company: Medbox, Inc. (Pink Sheets: MDBX)
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Medbox, Inc. Comments on California Supreme Court Decision
Case affirms the legality of medical marijuana sales and distribution in the state
HOLLYWOOD, Calif., Jan. 22, 2013 /PRNewswire/ -- Medbox, Inc. (OTC Markets: MDBX), commented on the recent California Supreme Court decision that denied a review of a landmark medical marijuana case, which has drawn widespread attention from prosecutors and policymakers across the state.
"This is a clear declaration that medical marijuana is here to stay in California," according to Dr. Bruce Bedrick , CEO of Medbox, Inc. "The court has ruled that safe access to medical marijuana is a patient's right, and we support that decision. To date, while we have many machine placements in the state of California, we have taken a conservative approach to expanding our market reach due to conflicting regulations and legal opinions in the state. This recent development will give us the confidence we need to move forward in helping clients setup new clinics without the fear of criminal prosecution."
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Market News
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By Kelley Holland: CNBC
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Yen Lifts On Central Bank Move, Euro Swings
Japan's central bank announced new stimulus plans and raised its inflation target, and the yen fell briefly before firming on disappointment that the stimulus is not immediate.
Japan's economics minister says the country has no intention of allowing politics to guide foreign exchange rates.
The euro fell briefly against the yen after worries that German banks will be asked to split their investment banking operations sent European stocks lower.
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CNBC
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Verizon Takes Big Profit Hit From Benefit Costs
Verizon shares dropped after the company reported a fourth-quarter loss per share of 1.48 dollars due primarily to employee benefit costs.
Excluding-items the company said fourth-quarter earnings per share were 38 cents.
Analysts had expected the company to report earnings excluding items of 52 cents a share on 29.75 billion dollars in revenue, according to a consensus estimate from Thomson Reuters.
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