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FridayMay 28, 2010 8:08 am

Mayflower Bancorp, Inc. (MFLR) Reports Strong Increase in Net Income for Fiscal 2010

Mayflower Bancorp, Inc. reported net income of $313,000 or $0.15 per diluted share, for the fourth quarter of fiscal 2010, which ended 4/30/2010. The company earned net income of $305,000, or $0.15 per diluted share, in the corresponding quarter in 2009. Although net income for Mayflower Bancorp, Inc. was flat for the quarter on a year over year basis, the company reported much improved results for the full fiscal year. The company earned net income of $1.2 million, or $0.56 per diluted share, in fiscal 2010, compared to only $35,000, or $0.02 per diluted share, in fiscal 2009. The management…

FridayMay 28, 2010 8:05 am

Board of Directors of Farmers National Banc Corp. (FMNB.OB) Announces Management Succession

Yesterday, Farmers National Banc Corp.'s Board of Directors announced that, effective July 1, 2010, Mr. John S. Gulas will become President and Chief Executive Officer of both the Company and their wholly owned subsidiary, Farmers National Bank of Canfield. Mr. Gulas will succeed Mr. Frank L. Paden who will remain as Executive Chairman of both Boards of Directors. Mr. Paden has served at Farmers National Bank for more than 35 years. Mr. Gulas will also be appointed as an additional member of the Company's Board of Directors, again effective July 1, 2010. Mr. Frank L. Paden helped to create this…

FridayMay 28, 2010 8:03 am

ubroadcast, Inc. (UBCI.OB) Announces Name Change to “Santeon Group, Inc.”

ubroadcast, Inc., a facilitator of high-quality live and on-demand television and radio broadcasts, recently announced that the company will change its name to “Santeon Group, Inc.” The company has also filed an application with FINRA for a new common stock trading symbol and anticipates that the effective date for the planned new trading symbol to be announced in the very near future. This announcement is the result of the company’s recent merger with Santeon, Inc. The company is anticipating significant expansion opportunities with its software development, broadcasting activities and other technical services. This name change will reflect the new direction,…

FridayMay 28, 2010 8:02 am

Javo Beverage Company, Inc. (JAVO.OB) Appoints a New Chairman and Interim CEO

Yesterday, leading supplier of premium dispensable coffee and tea-based beverages Javo® Beverage Company, Inc. announced two new appointments: Ronald S. Beard as Chairman of its Board of Directors and Stanley L. Greanias as Interim Chief Executive Officer. In other news, Gary Lillian will continue as President, and Founder and former Chairman and Chief Executive Officer Cody Ashwell resigned from the Company and its Board of Directors to focus on a new business venture. Since 2004, Ronald Beard has been a director of the company, serving as the Chairman of the Compensation Committee and a member of the Executive Committee. Mr.…

FridayMay 28, 2010 7:59 am

Jamba Inc. (JMBA) Reports Net Loss and Outlines 2010 Goals

Jamba Inc. reported a net loss of $5.3 million, or $0.13 per diluted share, in the first quarter of fiscal 2010, which ended 4/20/2010. The company lost $10.2 million, or $0.19 per diluted share, in the same time period in 2009. Jamba Inc. also reported a decline in revenue on a year over year basis, from $88.9 million in the first quarter of fiscal 2009, to $80.4 million in the quarter that just ended. Comparable store sales fell in the first quarter of fiscal 2010 by 3.3% compared to the prior period. Jamba Inc. outlined the goals that the company…

FridayMay 28, 2010 7:54 am

Conn’s, Inc. (CONN) Reports Higher Gross Margin in First Fiscal Quarter

Conn’s, Inc. reported net income of $5.5 million, or $0.25 per diluted share, in the first quarter of fiscal 2011, which ended 4/30/2010. The company reported net income of $11.4 million, or $0.50 per diluted share, in the same quarter in fiscal 2010. Conn’s, Inc. said that sales in the first quarter of fiscal 2011 were $197.5 million, down from $239.9 million in the corresponding quarter in fiscal 2010. Despite the drop in revenue, Conn’s, Inc. reported a year over year increase in gross margin, which came in at 27.9% for the first quarter of fiscal 2011. Gross margin was…

FridayMay 28, 2010 7:49 am

Hana Biosciences, Inc. (HNAB.OB) Video Chart for Friday, May 28, 2010

HNAB has made two nice moves in the last two months. Now the stock is back down on support and yesterday gave indication that another bounce is possible. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=407 Let us hear your thoughts below:

ThursdayMay 27, 2010 3:14 pm

FDA Panel Scheduled to Review MELA Sciences Inc.’s (MELA) MelaFind Approval Application

Medical technology company MELA Sciences Inc. recently announced that its pre-market approval (PMA) for MelaFind will undergo review by the General and Plastic Surgery Devices Panel appointed by the U.S. Food and Drug Administration (FDA) on August 26, 2010. As the deadliest form of skin cancer, melanoma is responsible for roughly 80 percent of skin cancer fatalities, and melanoma rates continue to increase with an estimated 120,000 new cases projected in 2010. There is no cure for advanced-stage melanoma, which makes early detection vital for recovery. MelaFind is the company’s hand-held imaging device that emits multiple wavelengths of light to…

ThursdayMay 27, 2010 2:09 pm

International Fuel Technology Inc. (IFUE.OB) Completes 4 Years of Testing for Proprietary Fuel Additive

International Fuel Technology Inc. today issued an update on years of testing of DiesoLiFT 10, the company’s proprietary fuel additive formulation. The company said it recently completed more than four years of extensive rail engine testing and field demonstration in the U.K., confirming the use of DiesoLiFT 10 provided a significant improvement in use in fuel economy and power. Beginning in January 2006, Interfleet Technology Ltd. conducted a series of four test bed trials and one large-scale in-service field demonstration in various rail engine types and fuel types. The first four trials were test bed trials incorporated the facilities and…

ThursdayMay 27, 2010 12:46 pm

Ad Systems Communications, Inc. (ADSY.OB) is “One to Watch”

Ad Systems Communications, Inc. is a leading service provider of digital media and video communications for all major cable TV networks. Trading on the OTC Bulletin Board, the Company provides quality advertising inventory for cable TV networks such as ESPN, MTV, DISCOVERY, CNN, LIFETIME, A&E, FOX NEWS, and TNT. Ad Systems Communications, Inc. has their headquarters in Salem, Oregon. The Company garners revenue from selling advertising inventory to advertisers for insertion of both long and short form video commercials into highly targeted markets. Ad Systems Communications provides the experience, expertise, and technology to allow cable operators to monetize inventory optimally.…

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