Blog - Page 3783 of 5705

FridayJul 16, 2010 2:09 pm

Folsom Lake Bank (FOLB.OB) Robust Quarterly Financials Demonstrate Classic Community Banking Model

Folsom Lake Bank, www.folsomlakebank.com – the California-based and community-focused bank with two locations, one in Folsom’s historic district at 905 Sutter Street (opened April 3, 2007 with 406 local investors), and their branch at an optimum location in Roseville, announced six-month period (ending June 30) unaudited financials yesterday. President and CEO, Robert J. Flautt, sees the 111% increase in reported net income of $61,038 (compared to a loss of $543,084 in 09) as validation for FOLB’s vision of a classic community bank which emphasizes customer satisfaction and a conservative, highly localized framework. The Roseville branch has seen a solid draw…

FridayJul 16, 2010 12:13 pm

China Power Equipment, Inc. (CPQQ) Reports Added Manufacturing Capacity

China Power Equipment, Inc. reported that the company’s new manufacturing facility in China has begun regular product production, providing a significant increase in capacity for the company. China Power Equipment, Inc. said that the new manufacturing facility would add 5,000 metric tons of capacity, bringing the company’s total manufacturing capacity to 6,500 metric tons. China Power Equipment, Inc. is using the facility to manufacture amorphous alloy transformer cores, and several other associated products. The company was previously outsourcing production of transformer cores to another manufacturer due to high demand by its customers. China Power Equipment, Inc. said that the new…

FridayJul 16, 2010 12:11 pm

Jinpan International Ltd. (JST) Reports Second Quarter Results and Reduces Guidance for 2010

Jinpan International Ltd. announced preliminary financial results for the second quarter of 2010, and reduced guidance on revenues and net income for the 2010 year. Jinpan International Ltd. said that sales for the second quarter of 2010 were $36.8 million, down from the $40.9 million reported in the same quarter of 2009. Revenue is still heavily weighted towards domestic business within China, where the company had $30.5 million in revenues compared to $6.3 million internationally. Net income and diluted earnings per share were $2.0 million and $0.12, respectively in the second quarter of 2010. Jinpan International Ltd. said that the…

FridayJul 16, 2010 12:09 pm

BP and Verenium Corp. (VRNM) Announce Pivotal Biofuels Agreement

Verenium Corp. is a pioneer in the development and commercialization of high-performance enzymes for use in industrial processes. The company currently sells enzymes it develops to customers globally for use in industries such as biofuels. For more information on Verenium, please visit its website at www.verenium.com. BP and Verenium recently announced an agreement for BP Biofuels North America to acquire Verenium's cellulosic biofuels business, including the company's facilities in Jennings, LA and San Diego, CA for $98.3 million. BP will become the sole investor in both Vercipia Biofuels and Galaxy Biofuels. Both firms were previously 50/50 joint ventures between the…

FridayJul 16, 2010 12:01 pm

American Riviera Bank (ARBV.OB) Reports Continued Profitability

American Riviera Bank is a full-service community bank based in Santa Barbara, California. The company reported yesterday unaudited net income of $502,000 for the six months ended June 30, 2010 – a vast improvement from the same period last year. The bank's unaudited net income for the quarter ended June 30, 2010 was substantial at $274,000. This is especially so considering that the figure included a $72,000 loan charge-off and a $124,000 loss on sale of other real estate owned. American Riviera's net margin continues to increase, reaching 4.68% for the six months ended June 30, 2010, up from 3.67%…

FridayJul 16, 2010 8:02 am

California Republic Bank (CRPB.OB) Announces Financial Results for Quarter Ending June 30, 2010

Late yesterday, California Republic Bank announced their results for the quarter ending June 30, 2010. They reported strong growth in assets and both quarterly and year to date net profits. California Republic Bank is a regional Southern California based commercial bank. Bank officials attribute the strong results to California Republic Bank’s impressive and growing roster of prestigious Southern California clients. Vice Chairman, Mr. John DeCero, stated, "We continue to attract very successful companies because our clients look for a bank that offers responsiveness, a relationship with senior executives, and the capacity to be opportunistic in today’s environment." For June 30,…

FridayJul 16, 2010 8:00 am

Simulated Environment Concepts, Inc. (SMEV.PK) Massages The Wallet

Simulated Environment Concepts Inc. is more than just the maker of SpaCapsule®, the world’s most advanced self-contained massage and wellness system. The company is better viewed as one of the world’s most efficient business developers. That’s because their real strength is the ability to set people up in a business that is profitable from day one, without the outlandish investment in time and money required by most businesses. In addition, SpaCapsule easily integrates into existing businesses, like spas, hotels, doctors’ offices, and even companies that are just looking for a perk to offer valued employees. An offering like that is…

FridayJul 16, 2010 7:58 am

ANTs Software Inc. (ANTS.OB) Receives $2M Investment from Fletcher International; Revises Terms of Previous Agreement

ANTs Software Inc. consolidates hardware and software infrastructure to eliminate cost inefficiencies. The company today announced it will receive a $2 million investment from Fletcher International Ltd. as part of a previously announced $10 million March 2010 investment agreement. The investment brings Fletcher’s total investment to date at $4 million. ANTs will use the proceeds for general operating purposes, as well as for the further development of its go-to-market strategy for its database migration solutions. Per the agreement, the $2 million investment represents Fletcher’s purchase of 1.6 million additional shares at a per share price of $1.25, a 25% percent…

FridayJul 16, 2010 7:43 am

ERF Wireless, Inc. (ERFW.OB) Video Chart for Friday, July 16, 2010

ERFW made a strong move on heavy volume yesterday. Now we are looking for the middle bollinger band (20dma) to be broken through and a challenge of the pps resistance at $.04. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=440 Let us hear your thoughts below:

ThursdayJul 15, 2010 3:44 pm

UFood Restaurant Group (UFFC) Inks Partnership with Congusto LP to Open 35 UFood Grill Locations

UFood Restaurant Group Inc. has teamed up with Arlington, Texas-based Congusto LP to open 35 UFood Grill locations in the Southwest United States. Congusto develops restaurants that offer alternative dining designed to promote healthy eating options. The company’s plan to extend its reach to offer healthier, good-tasting food nationwide correlates with UFood Grill’s service of providing healthy options to consumers in the fast-casual restaurant space. George Naddaff, chairman and CEO of UFood Grill, said the partnership with Congusto reflects both companies’ desire to address increasing consumer interest in healthy food options. "This 35 unit expansion of UFood Grill is a…

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