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WednesdayMay 05, 2010 2:58 pm

Citizens Bancshares Corp. (CZBS.OB) Reports Decline in First Quarter Loan Demand

Citizens Bancshares Corp. reported first quarter of 2010 net income of $0.5 million, or $0.25 per share, compared to net income of $0.25 million, or $0.12 per share, in the same quarter of 2009 Citizens Bancshares Corporation reported an increase in total assets in the first quarter of 2010 to $414 million, a $26 million increase year over year. Total deposits increased as well, to $352 million at the end of the first quarter of 2010, a $26 million, or 8% increase. Citizens Bancshares Corporation reported a decline in loan growth of $1.8 million to $202.5 million at the end…

WednesdayMay 05, 2010 1:57 pm

Metropolitan Health Networks, Inc. (MDF) Reports Record First Quarter Financials

Metropolitan Health Networks, Inc., serving the needs of Medicare Advantage and other patients statewide via a network of primary care practices collectively known as “Metcare of Florida”, has grown to a point where it is in striking distance of becoming Florida’s premier patient-centric provider for individuals with Medicare, and took some time out yesterday to detail their record-breaking 1Q FY10 (ending Mar. 31) financial data: • Operating Income rose briskly, up 42.9% to $11.2M (compared to $6.4M in 09). • Net Income was up 43.7% to $7.1M or $0.18/share basic, $0.17 diluted ($4M - $0.09/$0.08 in 09) • Revenue was…

WednesdayMay 05, 2010 1:43 pm

GeoVax Labs, Inc. (GOVXD.OB) Moving Forward with Leading HIV/AIDS Vaccine Candidate, Reports 1Q 2010 Financial Data

GeoVax Labs, Inc., developer of HIV/AIDS and other vaccines whose DNA and MVA vaccines showed increased anti-HIV immunological response in Phase 1 human clinical data, leading to Phase 2 testing in 09 (currently ongoing), and FDA Phase 1 therapeutic trial approval for patients infected with HIV, disclosed 3-month (ending Mar.31) financial data today. With a bright future doling out lucrative manufacturing and distribution rights to a global market eager for these revolutionary products, GOVXD ended the period with $2,603,108 in cash as net loss declined 19.8% from the same period in 09 to $690,789 – losses were offset by grants…

WednesdayMay 05, 2010 1:41 pm

SBT Bancorp Inc. (SBTB.OB) Reports Solid Q1 Results

SBT Bancorp Inc., holding company for Simsbury Bank & Trust Company, today posted first-quarter results for the three months ended March 31, 2010. Net income of $243,000, or $0.21 per diluted share, reflects a 67-percent increase over the $146,000, or $0.17 per diluted share, reported for the first quarter of 2009. Total revenues increased 24 percent to $2,856,000 in the first quarter compared to $2,297,000 for the same period of 2009. Total assets as of March 31, 2010, grew 9 percent to $283 million compared to $260 million as of March 31, 2009. SBT Bancorp reported loans outstanding of $196…

WednesdayMay 05, 2010 1:37 pm

Tombstone Exploration (TMBXF.OB) Updates on Drilling and Exploration Operations; Prepares to Launch Geo Surveys for Additional Deposits

Tombstone Exploration Corp. focuses on exploration and development of mineral resources and has obtained mineral rights to about 11,500 acres of mining property in Arizona. As the largest landowner in the Tombstone Mining District, the company yesterday updated the mining and investment community on its drilling operations in Tombstone, Ariz. To date, Tombstone reported that it has completed 2,375 feet of drilling, with the drilling on the State of Maine still to be completed. The company also said that additional exploration efforts show the potential that a few targets on company property may contain porphyry copper deposits. "The drilling program…

WednesdayMay 05, 2010 11:45 am

World Energy Solutions Inc. (XWES) Continues to Sign States and the Federal Government to Green Energy Auction Deals

Green energy has many hurdles to overcome as it establishes itself. One green area that appears to be having less of a difficult time, however, is brokering green energy. This aspect of the green movement may be the quiet aspect many are not aware of but could be the one to find profit first. World Energy Solutions Inc., an operator of online exchanges for energy and green oriented commodities, works to broker a variety of green energy deals for its clients. Currently, the company is finding success with the Government Services Administration of the United States and other larger regional…

WednesdayMay 05, 2010 11:08 am

Aquentium, Inc. (AQNM.OB) Unleashes The Magic Of Ozone

Aquentium Inc. is leading the charge for food safety by the application of what many consider to be the single most effective weapon, ozone, in dealing with the growing issue of food contamination. As part of that drive, the company, based in Perris, California, just outside of Los Angeles, announced today the opening of an office in Visalia, midway between LA and San Francisco, for the sale and marketing of ozone sanitation equipment and related services, including food safety consulting. The office is being opened with its joint venture partner, Advanced Food Safety International, and will provide a range of…

WednesdayMay 05, 2010 10:09 am

Clenergen Corp. (CRGE.OB) Signs 49 Year Land Lease in India for Supply of Wood Chips for New Biomass Power Plant

Located in New York, Clenergen has developed a unique supply of fuel for use with gasification, combustion, steam, pyrolysis oil and pelleting technologies. Today, Clenergen took a major step towards enhancing its future with the announcement that they have signed a 49 year lease for land in Tamlinadu, India for the supply of wood chips for their 32MW/h new biomass power plant. The 49 year lease agreement was signed with the Jeer Mutt Religious Institution. Totaling 9,000 acres, the property contains 5,000 acres that are suitable for cultivation of Clenergen's two species of tree and grass for the supply of…

WednesdayMay 05, 2010 10:03 am

HealthWarehouse.com, Inc. (HEWA.OB) Receives Second Drawdown of $500,000 Debt Financing and Approves a Reverse Stock Split

HealthWarehouse.com Inc. is a leading retail mail-order pharmacy which is licensed in 46 states. The company offers over 300 FDA-approved, legal prescription drugs for $3.50 with 100% free shipping. By eliminating inefficiencies in the drug distribution chain, HealthWarehouse has become one of the fastest growing online pharmacies in the United States. The company announced today it has received the second drawdown of $500,000 in 12% per annum short term debt financing. HealthWarehouse will use the additional funds for working capital and further expansion of its business model. The terms of the loan agreement announced in December 2009 consisted of a…

WednesdayMay 05, 2010 10:02 am

Alto Group Holdings, Inc. (ALTO.OB) Announces the Acquisition of the Los Tres Machos Property

Alto Group Holdings Inc., an exploration-stage mining company, today announced the acquisition of the Los Tres Machos property. The Los Tres Machos property is a 1,000 hectare gold and silver prospect in Mexico. The property is centered on the abandoned Los Tres Machos mine which has been worked historically from the late 1500s. The company's newly-acquired property is ideally situated. It is easily accessible by all-weather surfaced roads and, in addition, there is abundant water nearby and electrical power is readily available from the national grid. There is also a skilled labor pool available in the area within walking distance…

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