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WednesdayFeb 10, 2010 4:07 pm

Manhattan Bancorp (MNHN.OB) Posts $150M in Assets as of Dec. 2009; Maintains Optimism Based on Strategic Business Plan

Manhattan Bancorp, the holding company of Bank of Manhattan N. A. and MBFS Holdings Inc., today posted improved financial performance leveraged by strong growth in assets, loans and deposits, and an expanding net interest margin. “2009 represented a year of continued achievements for the Company,” Kyle A. Ransford, chairman of Manhattan Bancorp stated in the press release. “While we completed the investment in Banc of Manhattan Capital LLC, a full service broker/dealer, repaid TARP funds and the associated warrant in full, and attracted talented employees and directors to join the company, we remained focused on executing our strategic plan. We…

WednesdayFeb 10, 2010 1:07 pm

Solar Power, Inc. (SOPW.OB) Signs Agreement with Annerher S.L. to Broaden Market Penetration in Spain and Portugal

Solar Power, Inc., the Roseville, California-based provider of complete solar energy solutions, announced today the signing of a sales representation agreement with Barcelona, Spain-based Annerher S.L. to establish Yes! Solar PowerTM dealers in both Spain and Portugal. Annerher will both represent the dealer program and the sales of SOPW’s photovoltaic (PV) solar products and integrated commercial/residential solutions from the Company’s Yes! Energy SeriesTM, while soliciting dealerships in Spain and Portugal to distribute such products. President of Business Development for SOPW Bradley Ferrell hailed the agreement as offering exciting opportunities for both companies, and noted that “Annerher S.L. has a robust…

WednesdayFeb 10, 2010 1:04 pm

SOKO Fitness & Spa Group, Inc. (SOKF.OB) Expands Operations

SOKO Fitness & Spa Group, Inc. offers denizens of Northeastern China and suburban Beijing a complete wellness solution consisting of programs, exercise, education, nutrition and other products via their beauty salons and fitness centers. The Company disclosed details today regarding plans to expand operations geographically beyond its former focus of developing in Tier-2 Chinese cities, and said it will begin to select suburban areas of Tier-1 cities with under-served markets in order to capitalize on growth potential and secure robust returns on investment for the Company’s shareholders. Tier-1 cities are large metropolises with 10 million or more residents, and Tier-2…

WednesdayFeb 10, 2010 12:50 pm

ADC Telecommunications Inc. (ADCT) Posts Q1 2010 Results, Offers Guidance for Q2

ADC Telecommunications Inc. today posted its unaudited results for the first quarter ended January 1, 2010, reporting solid results it says are driven by operational strength. Because of a change to the company’s fiscal year to September 30, ADC compared first quarter 2010 results with the proforma results for the prior year’s first quarter ended December 26, 2008, and the proforma results for the fourth quarter of fiscal 2009 ended September 30, 2009. For the first quarter of fiscal 2010, ADC reported GAAP earnings from continuing operations at $3.6 million, or $0.04 per share. Net sales for first quarter were…

WednesdayFeb 10, 2010 12:44 pm

SafeStitch Medical, Inc. (SFES.OB) Receives Authorization for Its AMID Stapler

SafeStitch Medical Inc. is a medical device company developing endoscopic and minimally invasive surgical devices. The company's product portfolio includes devices for bariatric (obesity) surgery and repair of gastroesophageal reflux disorder (GERD), as well as the AMID Stapler and other products. The company announced today that it has received CE Mark authorization to commercialize its AMID Stapler in the European Economic Community. The AMID Stapler is the first surgical stapler designed specifically for use in inguinal hernia using the Lichtenstein method, in which mesh is implanted for reinforcement. SafeStitch announced in November 2009 that it had received 510(k) clearance from…

WednesdayFeb 10, 2010 12:33 pm

NetSol Technologies, Inc. (NTWK) Announces Q2 FY 2010 Financial Results

NetSol Technologies, Inc., a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today reported its second quarter financial results for fiscal year 2010, for the period ended December 31, 2009. Financial highlights for the quarter include: • $9.5 million in revenues, up 81% year-over-year and 25% sequentially • Substantial improvement in gross margin to 62% compared to 27% a year earlier • Operating income of $1.7 million compared to an operating loss of $2.8 million in the same period a year ago • GAAP net loss applicable to common shareholders of…

WednesdayFeb 10, 2010 11:28 am

OpenTable, Inc. (OPEN) Has Your Reservations

OpenTable, Inc., besides being the leading supplier of reservation, table management, and guest management software for restaurants, is also the operator of www.OpenTable.com, the world’s most popular website for making online restaurant reservations. OpenTable serves restaurants around the world, replacing the long-standing pen-and-paper method of taking reservations and managing tables with automated hardware and software. A major side benefit of their system is that it allows restaurants to use all that previously lost information to build diner databases, valuable for targeted email marketing and improved guest recognition. The website, on the other hand, services individual diners, as well as concierges…

WednesdayFeb 10, 2010 9:05 am

Derma Sciences, Inc. (DSCID.OB) Common Stock to be Listed on NASDAQ

Located in Princeton, N.J., Derma Sciences has gained a stellar reputation as a global manufacturer and marketer of advanced wound care products with MEDIHONEY showcasing Derma’s technology. MEDIHONEY, a honey–based product that treats and manages wounds and burns, is a state-of-the-art product and has been produced throughout the world. It was announced today that Derma Sciences will list their common stock on the NASDAQ. This is a major move for the New Jersey Company that will enhance its future and allow investors to take notice. One of the main reasons Derma Sciences was able to make such a move is…

WednesdayFeb 10, 2010 9:01 am

Unilava Corp. (UNLA.OB) Secures Partnership with Dow Jones Publishing Company to Market the Wall Street Journal Asia

Unilava Corp., a provider of a variety of communications services, products and equipment that address the needs of small to enterprise businesses and consumers, yesterday announced that the company has partnered with Dow Jones Publishing Company to market The Wall Street Journal Asia in the Asia Pacific. Unilava Corporation has a worldwide presence with its corporate headquarters in San Francisco and regional offices in Chicago, Seoul, Hong Kong and Beijing. Unilava will market The Wall Street Journal Asia in Hong Kong, Indonesia, Korea, Malaysia and the Philippines. Since 1976, The Wall Street Journal Asia has been the leading global news…

WednesdayFeb 10, 2010 8:59 am

Triangle Petroleum Corp. (TPLM.OB) Enters Bakken Shale

Triangle Petroleum Corp. recently announced the purchase of 4,000 net acres in the Willison Basin that is prospective for the Bakken Shale. The acreage is located in Williams and McKenzie counties in North Dakota. The Bakken Shale is an unconventional resource play that is currently being developed by the exploration and production industry. The industry is targeting the Middle Bakken and Sanish/Three Forks formations in this play. Dr. Peter Hill, the CEO of Triangle Petroleum Corporation, said, “The Bakken Shale will be our new core area of operations in the United States. Our efforts here are the result of years…

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