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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,…

FridayOct 22, 2010 1:32 pm

Daulton Capital Corp. (DUCP.OB) CEO Interview Available for Playback

Earlier this week, Daulton Capital Corp. president and CEO Terry Fields was featured by CEO Central Radio in an exclusive interview. For nearly twenty minutes, Mr. Fields discussed the company in-depth, providing a brief history of the company, his personal background and experience, discussion of Daulton Capital's portfolio and surrounding activity, catalysts and milestones anticipates for the next year, and more. When asked what he would say to potential investors considering investing in the company, Mr. Fields replied, "We're an undervalued company at 25 cents... I've never had the opportunity in 25 years to be in a position this fast…

FridayOct 22, 2010 10:17 am

Horizon Lines, Inc. (HRZ) Reports Q3 2010 Financial Results

Horizon Lines, Inc. reported a slight year over decline in net income for the third quarter of 2010, as the weak economic recovery continued to impact results for the company. Horizon Lines, Inc. reported net income of $7.7 million, or $0.25 per diluted share, in the third quarter of 2010, which ended September 30, 2010. The company earned $8.4 million, or $0.27 per diluted share, in the corresponding quarter of 2009. Sales for the third quarter of 2010 for Horizon Lines, Inc. came in at $311 million, a marginal increase over the $308 million reported in the same quarter of…

FridayOct 22, 2010 10:15 am

Stoneridge, Inc. (SRI) Reports Third Quarter Results

Stoneridge, Inc. reported a profit in the third quarter of 2010, along with a large year over year increase in revenues. The company attributed the large increase to higher demand for automobiles in the quarter. Stoneridge, Inc. reported revenues of $160.4 million in the third quarter of 2010, which ended 9/30/2010. The company had revenues of $118 million in the third quarter of 2009. Management said that the company benefited from the strong growth in sales of automobiles and trucks industry wide. Stoneridge, Inc. said that net income was $0.7 million, or $0.03 per diluted share, in the third quarter…

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