Blog - Page 3734 of 5670

FridayJul 30, 2010 11:44 am

Bank of Napa (BNNP.OB) Reports Solid Q2 Results; Achieves First Profitable Quarter

Bank of Napa today posted its first profitable quarter in its operating history, reporting net income for the second quarter of 2010 at $57,000, up from a net loss of $136,000 for the second quarter of 2009. Total deposits were $72.8 million, up from $17.8 million reported for the second quarter of 2009. Loan totals for the second quarter were $67.2 million, up from $12.98 million for the comparable quarter of 2009. "We are pleased to attain profitability in these challenging economic times, and will continue to focus on producing consistent and conservative balance sheet growth," Bank of Napa president…

FridayJul 30, 2010 11:34 am

GeoPetro Resources Company (GPR) Updates Status of Alaska Project

GeoPetro Resources Company (GPR) issued a status report on the Alaska Cook Inlet Project, the company’s oil and gas development project located in Alaska. GeoPetro Resources Company has exercised its contractual right to convey to Linc Energy, the company’s partner in the Alaska Cook Inlet Project, a 100% interest in 122,000 acres of leases at the project. GeoPetro Resources Company will receive $1 million cash upon closing, followed by 75% of the proceeds of the sale of oil and gas from the leases, up to a maximum of $4 million. After the payout to GeoPetro Resources Company reaches $5 million…

FridayJul 30, 2010 11:32 am

Exar Corp. (EXAR) Reports Highest Quarterly Revenue in Fifteen Years

Exar Corporation reported its highest quarterly revenue in fifteen years, as the company shipped more than 100 million units in the first quarter of fiscal 2011, which ended 6/27/2010. Exar Corporation reported revenue of $39.6 million in the first quarter of fiscal 2011, up sequentially from the $38.5 million reported in the final quarter of fiscal 2010. Reported revenue was up on a year over year basis as well from the first quarter of fiscal 2010, when the company came in with revenues of $30.9 million. Despite the good top line results in the quarter, Exar Corporation was unable to…

FridayJul 30, 2010 11:30 am

American DG Energy, Inc. (ADGE) Announces Exclusive Rights Agreement for Europe

American DG Energy Inc. supplies low-cost energy to its customers through distributed power generating systems. The company offers clean electricity, heat, hot water and cooling solutions to hospitality, healthcare and other industrial facilities at lower costs than charged by local utilities. It does this without any capital or start-up costs to the energy user through its On-Site Utility energy solutions. For customers seeking an alternative to the outright purchase of on-site energy systems, American DG Energy will design, install, own, operate and maintain a combined heat and power system. Since American DG owns the on-site energy system, customers pay no…

FridayJul 30, 2010 11:28 am

MultiCell Technologies, Inc. (MCET.OB) Completes and Launches New Website

One company that is starting to earn a reputation as a friend to both investors and medical patients is MultiCell Technologies. Located in Woonsocket, Rhode Island, MultiCell is a clinical-stage biopharmaceutical company that is developing novel therapeutics and discovery tools to address unmet medical needs for the treatment of neurological disorders, hepatic disease and cancer. Today, MultiCell took a major step towards enhancing its future with the launch of a new interactive website. The website was created to provide a new look and updated information about discovery technology platforms and leading drug candidates. Another attractive feature of this website is…

FridayJul 30, 2010 11:26 am

Demand and Price Wave Boosts Oil Company Profits, Though Recovery Concerns Keep Investors Nervous

The second largest U.S. oil company, Chevron Corp (NYSE: CVX), has reported a three-fold increase in quarterly profits, with Q2 net income jumping to $5.4 billion ($2.70 per share) from $1.75 billion for the same quarter last year, and revenue increasing 32% to $53 billion. As a further vote of confidence, the company has announced an unlimited stock repurchase plan. Chevron’s numbers come from rising production, together with higher energy prices and strong margins. The average per barrel sales price for oil and other liquids was 34% higher than it was a year ago, while the sales price for natural…

FridayJul 30, 2010 8:40 am

Topaz Resources, Inc. (TOPZ.OB) Video Chart for Friday, July 30, 2010

TOPZ is holding a solid support level at $.30. This support level must hold as the moving averages are converging, giving hints that a move is possibly coming. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=452 Let us hear your thoughts below:

FridayJul 30, 2010 7:05 am

Clarkston Financial Corp. (CKFC.OB) Reports Operating Results for Second Quarter

Yesterday, Clarkston Financial Corporation, the holding company for Clarkston State Bank, reported operating results for the second quarter ended June 30, 2010. Total revenues for the first quarter (net interest income plus noninterest income) were $1,103,000, compared with total revenues of $1,176,000 for Q2 2009. For the six months ended June 30, 2010, total revenues were $2,251,000, compared to $2,653,000 for the six months ended 2009. Net interest income was lower as a direct result of reducing the size of the balance sheet. Earning assets declined; however, interest-bearing liabilities declined at a more rapid rate. This resulted in a stronger…

FridayJul 30, 2010 7:04 am

ONE Bio, Corp. (ONBI.OB) Files Patent for Newly Developed Extraction Process for Salvia Miltiorrhiza

ONE Bio, Corp., an innovative company utilizing green process manufacturing to produce raw chemicals and herbal extracts, natural and health supplements and organic products, recently announced that the company’s subsidiary, Green Planet Bioengineering, Co., Ltd., has filed a patent covering its newly developed extraction process for Salvia Miltiorrhiza. Expected to increase revenue by approximately $2.2 million for the remaining of this year, the new Salvia Miltiorrhiza extract has already allowed the company's Green Planet Bioengineering division to secure co-operative contracts with multiple renowned pharmaceuticals including Heji Huangpu Baiyunshan Pharmaceutical, Beijing Tongrentang Pharmaceutical, Guangdong Medihealth Pharmaceutical and Jiangmen Mingsheng Pharmaceutical. The…

FridayJul 30, 2010 7:03 am

Exact Sciences Corp. (EXAS) Colorectal Cancer Screening Technology Achieves 100% Sensitivity

Exact Sciences Corp. is a molecular diagnostics company focusing on colorectal cancer and detection and screening technology. Data regarding the company’s DNA methylation specific technology is available at the annual meeting of the American Association of Clinical Chemistry (AACC). The data demonstrates that the technology, using a combination of DNA methylation markers, detected colorectal cancers and precancers at 100 percent efficacy in a preliminary study with colorectal tissue. Kevin T. Conroy, president and CEO of Exact Sciences, said the results reflect the company’s stringent research efforts, and noted that the data’s milestone achievement. “The data being presented today at AACC…

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