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Versatile reports net loss in quarter despite increased sales

Versatile Systems Inc. (TSX-V:VV) has reported a net loss of $67,622 on sales of $14.5 million for the quarter ending March 31. The Vancouver company posted net earnings of $70,471 on sales of $12.4 million for its first quarter in 2007.
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Tree Island profits hit by high steel costs and a strong Canadian dollar

Tree Island Wire Income Fund (TSX:TIL.UN) has reported a drop in net income to $534,000 for 2008's first quarter compared with $3.4 million in its previous first quarter. Revenue for the New Westminster-based company increased to $76.
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Quest Capital concentrates on building its mortgage investment portfolio

Vancouver-based Quest Capital Corp. (TSX:QC) has reported net earnings for the quarter ending March 31 of $7.1 million compared with $7.4 million in the same quarter last year.
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Strong loonie, weak U.S. economy stall Art In Motion Income Fund

Art In Motion Income Fund (TSX:AIM.UN) has reported a net loss of $2.3 million in its current first quarter. The Coquitlam-based company posted net earnings of $2.6 million for the same quarter last year. Sales dropped 56% to $6.
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U.S. companies to acquire Vancouver mining software maker in $180 million deal

Vancouver-based Gemcom Software International Inc. (TSX:GCM) has announced a definitive agreement to be acquired by U.S. companies JMI Equity and the Carlyle Group in an all-cash transaction worth approximately $180 million.
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Burnaby telecommunications company records first-quarter revenue increase

Glentel (TSX:GLN) has reported a 19% increase in revenue for its first quarter, which ended March 31, to $50.7 million compared with $42.8 million for the same period in 2007.
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Despite higher commodity prices, Richmond food manufacturer improves its bottom line

Premium Brands Income Fund (TSX:PBI.UN) has reported an 80% increase in sales for its current first quarter compared with its first quarter in 2007: $94.3 million from $42 million. Approximately $40.
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Western GeoPower Corp.'s U.S. geothermal test well shows promising results

Vancouver-based Western GeoPower Corp. (TSX-V:WGP) has reported promising test results at its Geysers geothermal field.
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Vancouver potash company raises $20 million to help develop its Manitoba property

Western Potash Corp. (TSX-V:WPX) has completed a $20 million IPO. The public offering of 18,185,000 common shares at $1.10 per share was led by Wellington West Capital Markets Inc. It also involved Canaccord Capital Corp. and Genuity Capital Markets.
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Strong gold prices help boost Goldcorp's first-quarter earnings

Vancouver-based Goldcorp Inc. (TSX:G) has reported net earnings of US$229.5 million for 2008's first quarter, an 84% increase over earnings of US$124.9 million for the corresponding 2007 quarter. Quarterly revenue increased 32% to US$626.
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