Small Cap News Movers for 11/11/09

Emerson Radio Corp. (NYSE AMEX: MSN) today reported financial results for its second quarter and six months ended September 30, 2009. While net revenues for the second quarter of fiscal 2010 decreased $1.7 million, or 3.3%, to $51.8 million, net revenues for the fiscal year 2010 to date were $107.4 million, an increase of $10.0 million, or 10.3%. The increase in net revenues for year to date fiscal 2010 was due to higher sales in the home appliances category. The stock closed at $1.96, up 37.07%, on 482,799 traded shares.

China Housing & Land Development, Inc., (NASDAQ: CHLN) today announced its unaudited financial results for the third quarter ended September 30, 2009. Total revenues increased 215% to $23.8 million compared to $7.5 million in the third quarter of 2008, and increased 5.3% sequentially from $22.6 million in the second quarter of 2009. Net income also increased dramatically, rising from $1.4 million in the third quarter of 2008 to $12.7 million, a 779% increase. The stock closed at $4.73, up 25.80%, on 6,261,111 traded shares.

Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (NASDAQ: SYPR), announced today that it has been awarded an Indefinite Delivery Indefinite Quantity (IDIQ) contract from the United States Department of Defense (DoD) for its RASKL® (KIK-30) electronic key fill device. This contract is in support of the DoD’s modernization effort to replace the aging KYK-13 key fill device. The product was designed and will be produced at the Sypris Electronics facility located in Tampa, Florida. The stock closed at $3.28, up 20.59%, on 399,894 traded shares.

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