Blog - Page 3764 of 5589

TuesdayApr 20, 2010 3:31 pm

Citizens Community Bank (CZYB) Reports 50% Increase in Earnings per Share in Q1 2010

Citizens Community Bank reported net income of $85,000, or $0.06 per diluted share, in the first quarter of 2010. Citizens Community Bank earned net income of $50,000 or $0.04 per diluted share, in the first quarter of 2009. Citizens Community Bank had total assets of $171.9 million and total deposits of $142.2 million as of March 31, 2010. Both total assets and total loans were about flat with the same quarter in 2009. The bank gave positive commentary on the direction and strength of the economic recovery in its service area. Citizens Community Bank reported a 4.23% net interest margin…

TuesdayApr 20, 2010 1:41 pm

Southern First Bancshares, Inc. (SFST) Reports Loss in First Quarter of 2010

Southern First Bancshares, Inc. reported a net loss of $322,000, or ($0.10) per diluted share, for the first quarter of 2010. Southern First Bancshares, Inc. earned $367,000, or $0.12 per diluted share, in the same quarter of 2009. Southern First Bancshares, Inc. blamed the net loss on an increase in loan loss reserves, higher insurance premiums from the Federal Deposit Insurance Corporation (FDIC) and a preferred dividend paid to the government due to the Troubled Asset Relief Plan (TARP). “The company's performance in the first quarter was generally as expected as higher credit costs and FDIC insurance premiums continue to…

TuesdayApr 20, 2010 12:28 pm

NetSol Technologies, Inc. (NTWK) Forms Atheeb NetSol Limited with Atheeb Group of Saudi Arabia

NetSol Technologies, Inc., long renowned the world over for providing highly specialized solutions custom-tailored to the given industry of a client via business services and enterprise applications, in accordance with the Company’s proprietary BestShoring™ model, recently announced alongside Middle East partner Atheeb Group the official operational launch of the Atheeb NetSol Limited joint venture. A real milestone, both for the rapidly accreting Middle East IT services/software development market, and for the Company, is signified with the formalization and official operational launch of Atheeb NetSol Limited; which is to be focused on developing localized/market-specific opportunities while obtaining software engineering market penetration…

TuesdayApr 20, 2010 12:23 pm

Seacoast Commerce Bank (SCCB.OB) Ranked #1 Small Business Lender in San Diego, #4 in California

Seacoast Commerce Bank, the biggest and longest in continual operation among commercial banks in San Diego’s South County (serving all of greater CA), which has built up its reputation and prominence over the years by constantly delivering customer-success oriented service, was happy to announce being ranked the #1 loan provider to San Diego’s small businesses by the U. S. Small Business Administration (SBA) for the six-month period ending Mar. 31, 2010. Providing a shining light amid stormy economic weather, SCCB beat out all competitors according to data generated via the SBA’s 7(a) loan program that tracks which banks are lending…

TuesdayApr 20, 2010 12:20 pm

Simulated Environment Concepts (SMEV.PK) – Even Corporations Need an Occasional Massage

Stress-related employee turnover, absenteeism and low morale all affect the bottom line of companies. Some estimates are that job stress and related problems cost companies about $200 billion or more a year. Simulated Environment Concepts (SMEV.PK), through its SpaCapsule product, believes it has found a way to lower these costs substantially. The company's SpaCapsule is a futuristic capsule-shaped relaxation device. It combines both ancient and modern relaxation therapies including massage, aromatherapy and soothing audio-visual stimuli. Massage therapy has been shown to reduce blood pressure, reduce fatigue, increase alertness and relieve muscle and joint aches and pains. In addition, it has…

TuesdayApr 20, 2010 11:13 am

Newport Digital Technologies, Inc. (NPDT.OB) Goes To School

Newport Digital Technologies Inc., through its partnership with two premier technology incubators, both based in Taiwan: the Institute for Information Industry (III) and the Industrial Technology Research Institute (ITRI), has developed a rich portfolio of competencies, based upon the latest achievements in wireless broadband networking. But none has a greater potential for social change than eLearning, the new approach to school and training, featuring next-generation WiMAX broadband wireless technology. With the pace of new discoveries increasing daily, and the participation of more and more countries in an information-based global economy, the need for better ways of transferring knowledge has never…

TuesdayApr 20, 2010 10:42 am

Guardian Technologies International Inc. (GDTI.OB) Receives First South African Order for TBDx™ System

Guardian Technologies, Inc. announced earlier this morning that they have received their first order from the South African National Health Laboratory Services for three of their fully automated Signature Mapping Tuberculosis Diagnostic (TBDx™) systems. The orders are slated to be shipped at the end of April in preparation for the final clinical evaluation of the TBDx fully automated detection system that will begin in May 2010. TBDx is an automated diagnostic solution using sophisticated detection algorithms to identify tiberculosis under microscopy in sputum samples at the laboratory level. One of the benefits of this procedure is that it eliminates the…

TuesdayApr 20, 2010 10:26 am

Mitek Systems, Inc. (MITK.OB) Mobile Deposit Application Allows Bancorp Bank to Expand Remote Deposit Gathering Capabilities

Mitek Systems is a company on the rise. An innovator of advanced image analytics and mobile document capture applications for over 20 years, the California Company has evolved into a pioneer of intelligent character recognition software. Mitek announced today that it will expand the capabilities of The Bancorp Bank, Inc. with their Mitek Mobile Deposit Application. Bancorp Bank, which is a wholly owned subsidiary of The Bancorp, Inc. (NASDAQ: TBBK), will now be able to allow customers to deposit both business and personal checks via their smartphone cameras. The mobile design application by Mitek was created for simple and secure…

TuesdayApr 20, 2010 10:18 am

Waytronx (WYNX.OB) Announces Retirement of $7.2M in Debt

Waytronx Inc. provides advanced cooling systems solutions through its wholly owned subsidiaries, CUI Inc. and CUI-Japan. Waytronx today announced it has retired $7,243,059 in debt, including $1,093,059 in accrued interest. The company said that the previous owners of CUI entered into an Accord & Satisfaction with the company, which eliminates $4,900,000 of debt and $850,000 in accrued interest, in exchange for 1,000,000 shares of the Waytronx common stock and one-time payment of $50,000. As a result of the agreement, Waytronx will post a related gain on debt extinguishments of $5,630,500 for the second quarter of 2010. The company also said…

TuesdayApr 20, 2010 10:17 am

Artepharm Global Corp. (ARGC.OB) Acquires Global Patent and Marketing Rights for Malaria Drug

Through a joint-venture agreement with Artepharm Co. Ltd. (Artepharm China), Artepharm Global Corp. now owns the patent and worldwide marketing rights for Artequick, an anti-malaria drug developed by Artepharm China. Artequick is available in 11 countries with high rates of malaria infection. Per the agreement, Artepharm Global will acquire the worldwide marketing rights and global patents for Artequick and will retain revenues generated from sales of Artequick in exchange for 40 million shares of Artepharm Global. In 2009, Artepharm China generated approximately US$1.5 million. Artepharm Global integrated the use of artemisinin in traditional Chinese medicine with western pharmaceutical technology to…

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