Blog - Page 3624 of 5546

FridayJul 16, 2010 2:46 pm

Law Enforcement Associates (LAWE.OB) to be Title Sponsor 12th Annual Wake Enterprises Golf Tournament

Law Enforcement Associates Corp. announced today that they will be the title sponsor for the 12th annual Wake Enterprises golf tournament to be held September 23 at the Lonnie Poole Golf Course at North Carolina State University in Raleigh, NC. The 7,210 yard, 18 hole, par 71 golf course opened last year and was designed by the world-renown Arnold Palmer Design Company. This is the second consecutive year that LEA will be sponsoring the golf tournament. Wake Enterprises, Inc. is a private, nonprofit organization committed to the vocational and social development of adults with developmental disabilities. Wake is focused on…

FridayJul 16, 2010 2:43 pm

China Power Equipment, Inc. (CPQQ.OB) Announces Tripled Production Capacity at New Plant

China Power Equipment Inc., manufacturer of energy saving electric transformers and transformer cores in the People's Republic of China, today issued an update on its new plant in the Xi’an Jingwei Industrial Zone in Jingyang, reflecting a tripled capacity for transformer cores. The company said it is now running regular production of amorphous alloy transformer cores, and that it has completed regulatory inspections necessary for operations. "We have passed all government safety inspections and have completed our pre-production testing of our new production line. As a result, we have started our regular production and are delivering our high-quality amorphous alloy…

FridayJul 16, 2010 2:15 pm

eDoorways Corp. (EDWY.PK) Gives Vendors The Keys To Power

The new and rapidly developing vendor/consumer online network created by eDoorways Corp. bases a lot of its value on the use of what the company calls PowerKeys. PowerKeys essentially allow vendors to buy a link to potentially thousands of targeted consumers, in addition to encouraging their existing customers to communicate with each other and the vendor. By identifying and making claim to a social network of people with a common interest, a vendor becomes a focal point resource for that community. Connecting consumers to each other and to vendors in a focused social network environment is an overall goal of…

FridayJul 16, 2010 2:09 pm

Folsom Lake Bank (FOLB.OB) Robust Quarterly Financials Demonstrate Classic Community Banking Model

Folsom Lake Bank, www.folsomlakebank.com – the California-based and community-focused bank with two locations, one in Folsom’s historic district at 905 Sutter Street (opened April 3, 2007 with 406 local investors), and their branch at an optimum location in Roseville, announced six-month period (ending June 30) unaudited financials yesterday. President and CEO, Robert J. Flautt, sees the 111% increase in reported net income of $61,038 (compared to a loss of $543,084 in 09) as validation for FOLB’s vision of a classic community bank which emphasizes customer satisfaction and a conservative, highly localized framework. The Roseville branch has seen a solid draw…

FridayJul 16, 2010 12:13 pm

China Power Equipment, Inc. (CPQQ) Reports Added Manufacturing Capacity

China Power Equipment, Inc. reported that the company’s new manufacturing facility in China has begun regular product production, providing a significant increase in capacity for the company. China Power Equipment, Inc. said that the new manufacturing facility would add 5,000 metric tons of capacity, bringing the company’s total manufacturing capacity to 6,500 metric tons. China Power Equipment, Inc. is using the facility to manufacture amorphous alloy transformer cores, and several other associated products. The company was previously outsourcing production of transformer cores to another manufacturer due to high demand by its customers. China Power Equipment, Inc. said that the new…

FridayJul 16, 2010 12:11 pm

Jinpan International Ltd. (JST) Reports Second Quarter Results and Reduces Guidance for 2010

Jinpan International Ltd. announced preliminary financial results for the second quarter of 2010, and reduced guidance on revenues and net income for the 2010 year. Jinpan International Ltd. said that sales for the second quarter of 2010 were $36.8 million, down from the $40.9 million reported in the same quarter of 2009. Revenue is still heavily weighted towards domestic business within China, where the company had $30.5 million in revenues compared to $6.3 million internationally. Net income and diluted earnings per share were $2.0 million and $0.12, respectively in the second quarter of 2010. Jinpan International Ltd. said that the…

FridayJul 16, 2010 12:09 pm

BP and Verenium Corp. (VRNM) Announce Pivotal Biofuels Agreement

Verenium Corp. is a pioneer in the development and commercialization of high-performance enzymes for use in industrial processes. The company currently sells enzymes it develops to customers globally for use in industries such as biofuels. For more information on Verenium, please visit its website at www.verenium.com. BP and Verenium recently announced an agreement for BP Biofuels North America to acquire Verenium's cellulosic biofuels business, including the company's facilities in Jennings, LA and San Diego, CA for $98.3 million. BP will become the sole investor in both Vercipia Biofuels and Galaxy Biofuels. Both firms were previously 50/50 joint ventures between the…

FridayJul 16, 2010 12:01 pm

American Riviera Bank (ARBV.OB) Reports Continued Profitability

American Riviera Bank is a full-service community bank based in Santa Barbara, California. The company reported yesterday unaudited net income of $502,000 for the six months ended June 30, 2010 – a vast improvement from the same period last year. The bank's unaudited net income for the quarter ended June 30, 2010 was substantial at $274,000. This is especially so considering that the figure included a $72,000 loan charge-off and a $124,000 loss on sale of other real estate owned. American Riviera's net margin continues to increase, reaching 4.68% for the six months ended June 30, 2010, up from 3.67%…

FridayJul 16, 2010 8:02 am

California Republic Bank (CRPB.OB) Announces Financial Results for Quarter Ending June 30, 2010

Late yesterday, California Republic Bank announced their results for the quarter ending June 30, 2010. They reported strong growth in assets and both quarterly and year to date net profits. California Republic Bank is a regional Southern California based commercial bank. Bank officials attribute the strong results to California Republic Bank’s impressive and growing roster of prestigious Southern California clients. Vice Chairman, Mr. John DeCero, stated, "We continue to attract very successful companies because our clients look for a bank that offers responsiveness, a relationship with senior executives, and the capacity to be opportunistic in today’s environment." For June 30,…

FridayJul 16, 2010 8:00 am

Simulated Environment Concepts, Inc. (SMEV.PK) Massages The Wallet

Simulated Environment Concepts Inc. is more than just the maker of SpaCapsule®, the world’s most advanced self-contained massage and wellness system. The company is better viewed as one of the world’s most efficient business developers. That’s because their real strength is the ability to set people up in a business that is profitable from day one, without the outlandish investment in time and money required by most businesses. In addition, SpaCapsule easily integrates into existing businesses, like spas, hotels, doctors’ offices, and even companies that are just looking for a perk to offer valued employees. An offering like that is…

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