Blog - Page 3624 of 5648

MondayOct 25, 2010 8:18 am

Teche Holding Company (TSH) Reports Solid Net Income

Teche Holding Company reported strong net income and operating revenue in the quarter ending September 30, 2010, as its management team continued to manage the uncertain economic environment and credit issues. Teche Holding Company reported net income of $1.85 million, or $0.88 per diluted share, in the third quarter of 2010, compared to net income of $1.98 million, or $0.94 per diluted share, in the same quarter of 2009. Operating revenue for Teche Holding Company came in at $11.4 million for the third quarter of 2010. This was a slight decline compared to the $11.7 million reported in the same…

MondayOct 25, 2010 8:16 am

Vista Gold Corp. (VGZ) Closes On Financing

Friday, Vista Gold Corp. reported that the company finalized and closed on a recent round of financing involving the private placement of securities to various institutional investment groups. Vista Gold Corp. issued 14.66 million special warrants and received gross proceeds of $33.7 million. After the shareholders of Vista Gold Corp approve the private placement deal, the special warrants will be converted into one common share of the company, and one purchase warrant. The funds will be placed into escrow until the shareholder vote takes place. Each purchase warrant has a term of five years and allows the holder to purchase…

MondayOct 25, 2010 8:03 am

Stephen Spalding Named CFO of Spectral Capital Corp. (FCCN.OB)

Located in Seattle, Washington, Spectral Capital is focused on the acquisition of a significant portfolio of properties for mining activities. Today, Spectral Capital announced they have named Stephen Spalding as their Chief Financial Officer. The addition of Spalding as the company’s CFO brings a great deal of credibility to the young company. Spalding is an MBA whom brings over 30 years of extensive experience in executive management, corporate governance, risk management, control design and development. Spalding’s education includes a B.S. in Physics (solid state) and a B.S. in Mathematics, both of which he earned from Eastern Illinois University. Perhaps even…

MondayOct 25, 2010 8:00 am

Bank of Santa Clarita (BSCA.OB) Reports 2010 Third Quarter Results

On Friday, Bank of Santa Clarita announced their financial results for the third quarter of 2010. Bank of Santa Clarita is the only independent full service commercial bank headquartered in the Santa Clarita Valley, California. The Bank reported that their net earnings for the third quarter of 2010 totaled $194,000, compared to $218,000 for the third quarter of 2009. Net earnings for the nine months ended September 30, 2010, continued to improve, with the Bank reporting $465,000, compared to $348,000 for the first nine months of 2009. Bank of Santa Clarita also reported increasing core earnings, with pre-tax earnings for…

MondayOct 25, 2010 7:56 am

Optical Cable Corp. (OCCF) Initiates Quarterly Cash Dividend, Reduces Credit Balance

On October 21st, Optical Cable Corporation announced that it is initiating a quarterly cash dividend to shareholders. This is the first time in the company's history. The Board of Directors declared a dividend of $0.01 per share on its stock, which was decided in a meeting on October 15th of this year, payable to shareholders on December 15th. Further quarterly dividends would be expected to be paid out in March, June, September and December of each proceeding year, and the dividend announced on the 21st implies an annual cash dividend rate of $0.04 per share. Optical Cable also announced that…

MondayOct 25, 2010 7:53 am

DayStar Technologies, Inc. (DSTI) Enters Agreement to Extinguish Debt

On Friday, solar photovoltaic products developer, DayStar Technologies, Inc. announced agreements to extinguish approximately $1 million in outstanding debts. Fourteen of DayStar’s vendors have reached agreements with Socius CG II, Ltd., under which Socius purchased approximately $1 million of the aggregate amount of debt. The remainder of the amount owed was settled in exchange for free-trading shares of DayStar's common stock. The debts pertaining to this transaction will initially be settled in exchange for approximately 325,000 free-trading shares of DayStar's common stock, subject to final adjustment. Per the agreements, the initial number of shares to be issued to Socius will…

MondayOct 25, 2010 7:36 am

Micro Identification Technologies, Inc. (MMTC.OB) Announces New Upcoming Webinar

Micro Identification Technologies, Inc. announced this morning that on Wednesday of this week at 1:00 PM PDT (4:00 PM EST) it will conduct a Webinar to demonstrate the speed and operational simplicity of performing bacteria identification (ID) tests using the MIT 1000 System and to give a brief education on the non-biological light scattering technology that is used for identification. Those interested may register for the event at: https://www3.gotomeeting.com/register/183951526. Michael Brennan, MIT's Chairman and CEO, stated that "Based on feedback from current users and investors regarding our last Webinar, MIT plans to provide periodic Webinars to update the Company's business…

FridayOct 22, 2010 3:45 pm

Howard Bancorp (HBMD.OB) Posts Financial Results for Period ended Sept. 30

Howard Bancorp Inc., parent company of Howard Bank, today announced its operating results for the three and nine-month periods ended September 30, 2010. For the first nine months of 2010, the company reported net income at $661,000, up 309 percent compared to net income of $162,000 for the nine-month period in 2009. For the three months ended September 30, 2010, the company reported net income of $131,000 compared to net income of $57,000 for the third quarter of 2009, and net income of $215,000 for the three-month period ended June 30, 2010. Third quarter 2010 interest income increased by nearly…

FridayOct 22, 2010 2:08 pm

Transgenomic, Inc. (TBIO.OB) Appoints Renowned Dr. Eric Johnson to Medical Director for Lab Services Position

Transgenomic, www.transgenomic.com – a biotech company focused on high-sensitivity genetic variation and mutation analysis for a variety of detection applications, reported today creation of a Medical Director for Laboratory Services position and the subsequent retention of 20-year genetics industry veteran, Eric Johnson, Ph.D., to fill it. Dr. Johnson will apply his vast experience in research and diagnostics to guiding TBIO’s strategic vision and his duties as overseer of day-to-day activities at the Company’s Molecular Diagnostics Services (MDS) lab. An excellent choice by TBIO, which makes products like: • WAVE® Systems with disposables, genetic variation detection and single or double strand…

FridayOct 22, 2010 1:50 pm

Sun River Energy (SNRV.OB) to Acquire Majority Stake in Katy Resources Oil & Gas Property

Sun River Energy Inc., a Dallas-based, development-stage oil and gas exploration and production company, today announced it has signed a definitive agreement with Katy Resources ETX LLC, in which Sun River will acquire a majority of Katy's operated oil and gas properties for $5.0 million in cash and $3.5 million in shares of the company's common stock, subject to adjustment. Sun River's wholly owned subsidiary, Sun River Operating Inc., will assume operations on all acquired properties. Per the agreement, Sun River will acquire leasehold assets, including three producing gas units and four lease prospects on 1,361 net acres; in addition,…

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