May 2010 - Page 31 of 34

TuesdayMay 04, 2010 3:29 pm

Kentucky First Federal Bancorp (KFFB) Reports Net Income for First Quarter of 2010

Kentucky First Federal Bancorp reported net income of $302,000, or $0.04 per diluted share, in the first quarter of 2010, ending 3/31/2010. The company earned $351,000, or $0.05 per diluted share, in the same quarter in 2009. Kentucky First Federal Bancorp said that the lower net income was due mainly to higher non-interest expenses and loan loss provisions. The higher non-interest expenses included increased legal fees, compensation expense and insurance premiums assessed by the Federal Deposit Insurance Corporation (FDIC) for the bank insurance fund. The provision for loan losses totaled $71,000 for the first quarter of 2010, compared to no…

TuesdayMay 04, 2010 3:03 pm

Lux Energy Corp. (LUXE.OB) Updates Northwest Summit Prospect

Lux Energy Corp. said that it is completing the final title work and determining the best locations to drill on its oil and gas properties in Mississippi. The acreage is in an area that the company calls the Northwest Summit Prospect, and is prospective for the Lower Tuscaloosa trend. Lux Energy Corp. said that the Northwest Summit Prospect is near existing oil and gas fields in the area, including Little Creek, Mallalieu and Brookhaven, which contained oil reserves of 64.3 million, 42.4 million and 59.1 million barrels, respectively. Lux Energy Corp. said that it has a minimum of 6 well…

TuesdayMay 04, 2010 2:57 pm

Newport Digital Technologies Inc. (NPDT.OB) Leverages InfoComm International Influence within the Technology Markets

InfoComm International is a global trade association focused on the rapidly evolving multimillion dollar audio and video (AV) industry. InfoComm provides information about technologies, trends and training within the AV industry. The organization provides special events, including an annual tradeshow to encourage and promote networking and advancements in the industry. InfoComm’s conferences house more than 900 exhibitors to showcase the latest technologies and products in the AV industry. The conference attracts more than 32,000 professionals from more than 90 countries to convene and discuss, network and learn about pro-AV solutions through expert-led sessions, labs, exhibits and workshops. InfoComm 2010 (June…

TuesdayMay 04, 2010 2:14 pm

Beyond Commerce, Inc. (BYOC.OB) Inks Deal to Acquire AdJuice Inc. and Capitalize on New Opportunities

Beyond Commerce Inc., a media and e-commerce solution for high traffic Web sites, has signed an agreement to acquire online advertising network AdJuice Inc. (www.adjuice.com). AdJuice is backed by more than $7 million invested in developing its proprietary technology, and the company has secured more than 22 million registered users, 700 affiliates and 350 retail clients spanning six major industries. Utilizing AdJuice’s network, Beyond Commerce CEO Robert McNulty said the company is taking advantage of the chance to restructure and venture into other markets. "To capitalize on this vast opportunity, Beyond Commerce has repositioned itself into a media company and…

TuesdayMay 04, 2010 12:33 pm

Nortel Networks Corp. (NRTLQ.PK) to Demonstrate New Solutions for Cable Operators at Upcoming 2010 Cable Show in LA

Nortel’s Carrier VoIP and Application Solutions (CVAS) will present the same innovative cable solutions, which have made Nortel CVAS the “Carrier VoIP king” for 8 years running, at booth #711, May 11-13, at the 2010 Cable Show to be hosted by the National Cable & Telecommunication Association (NCTA) at the LA Convention Center, CA. As the #1 provider the world over of Carrier VoIP and Softswitch solutions since 02, Nortel CVAS has been chosen by 80% of the top 20 carriers listed by International Data Corporation (IDC), and shipped over 123M Carrier VoIP and Multimedia ports – of which 11M…

TuesdayMay 04, 2010 12:12 pm

“Government Sting Operation” Leaving CMKM Diamonds Shareholders Tired of Waiting for Reimbursement

Today we have spent hours reading on the whole CMKM Diamonds debacle and the government’s involvement in what they have termed a “sting” to actively pursue people and corporations involved in naked short selling and the illegal activities that are often part of the penny stock market world. We are still dumbfounded that this wasn’t all over the press for the world to know. Granted there are a lot of lawsuits filed every day, but it seems that one of this magnitude, a $3.87 trillion lawsuit against U.S. Securities and Exchange Commission Chairman Mary L. Shapiro, as well as several…

TuesdayMay 04, 2010 12:04 pm

Environmental Tectonics Corp. (ETCC.OB) Lands Simulator Contract

Environmental Tectonics Corp., a leader in training and simulation systems, today announced receipt of a contract to provide their Advanced Disaster Management Simulator (ADMS) to the El Paso International Airport. The El Paso Fire Department answers approximately 63,000 calls annually for the growing city of El Paso, Texas, the 22nd largest city in the U.S. The department is also responsible for airport fire protection involving passenger and commercial air travel as well as industrial and cargo activity. This covers aircraft firefighting and rescue, and essentially any disaster related to the 7,000 acre airport, in addition to their responsibilities for the…

TuesdayMay 04, 2010 10:13 am

Cardium Therapeutics Inc. (CXM) is “One to Watch”

Cardium Therapeutics Inc. acquires and strategically develops new and innovative bio-medical product opportunities and businesses that have the potential to address significant unmet medical needs and definable pathways to commercialization, partnering and other opportunities for monetization. The company’s investment portfolio currently includes the Tissue Repair Company and Cardium Biologics. Cardium Therapeutics’ business model aims to create multiple opportunities for success, avoiding reliance on any single technology platform or product type, while leveraging its skills in late-stage product development. The company’s long-term strategy is to pursue cost-effective acquisitions with strong value enhancement potential as product opportunities and businesses are advanced and…

TuesdayMay 04, 2010 9:53 am

Tombstone Exploration Corp. (TMBXF.OB) Reports Drilling Progress; Announces Further Exploration Plans

Today before the opening bell, Tombstone Exploration Corp. announced that it has made noteworthy progress with the current drilling program at its property at Tombstone, Arizona. As of last report, 2,375 feet of drilling has been completed, with the drilling on the State of Maine still to be completed. Follow-up work on other targets at the company's property has indicated that porphyry copper deposits could be found. Previous drilling in the area indicates that porphyry systems exist and that there could be multiple targets in the district. Because Tombstone holds extensive land in the area, totaling about 11,500 acres, there…

TuesdayMay 04, 2010 9:24 am

German American Bancorp, Inc. (GABC) 1st Quarter Earnings Increase

Yesterday, German American Bancorp, Inc. reported 1st Quarter net income of $3,251,000, or $0.29 per share, compared to $2,942,000, or $0.27 per share, earned during the 1st Quarter of 2009. This represents an 11 percent increase. This year's first quarter 2010 performance was the highest level of first quarter earnings in German American Bancorp, Inc.'s history. The driving force behind this performance was a 9 percent increase in the Company's net interest income and an 8 percent increase in non-interest income over last year's first quarter results. Mark A. Schroeder, Chairman & CEO of German American Bancorp, Inc., stated, "We…

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Month: May 2010