latest news releases from the newsroom
U.S. Mine Makers, Inc.
Nitro Lube, Inc. Signs Letter of Intent to Acquire Uranium City Mining
LANGLEY, British Columbia, Oct. 24, 2007 (PRIME NEWSWIRE) -- Nitro Lube, Inc. (Pink Sheets:NLUI) today announced that the Board of Directors has signed a Letter of Intent with Uranium City Mining to acquire it and its mineral properties, all within the proximity of Uranium City, Saskatchewan, Canada. Terms of the LOI, upon finalization of a definitive agreement, will be promptly announced by Nitro Lube, Inc.
State Bancorp, Inc.
State Bancorp, Inc. Reports Third Quarter Earnings and Declares Cash Dividend of $0.15
JERICHO, N.Y., Oct. 24, 2007 (PRIME NEWSWIRE) -- State Bancorp, Inc. (Nasdaq:STBC), parent company of State Bank of Long Island, today reported net income for the third quarter of 2007 of $3.1 million versus $2.4 million a year ago, representing an increase of 29.3%. Diluted earnings per common share were $0.22 in the third quarter of 2007 and $0.20 in the comparable 2006 period. The increase in third quarter net income in 2007 is primarily attributable to a $1.6 million reduction in operating expenses. Third quarter net income was impacted negatively by a reduction in net interest income resulting from a lower net interest margin in 2007 versus 2006. However, net interest margin improved by seven basis points to 3.89% in the third quarter of 2007 when compared to the second quarter of 2007. Year-to-date 2007 net income was $5.8 million, or $0.41 per diluted share, compared to $8.1 million or $0.71 per diluted share in 2006.
Kesselring Holding Corporation
Kesselring Holding Corporation Launches New Website
SARASOTA, Fla., Oct. 24, 2007 (PRIME NEWSWIRE) -- Kesselring Holding Corporation (OTCBB:KSSH) has released a new Website, www.kesselringholding.com. "In order to better identify and position our niche in the market, Kesselring Holding Corporation has created this Website," stated Douglas P. Badertscher, Chief Executive Officer. "It was imperative to launch a new Website that more clearly identifies our vision and direction with shareholders, customers and potential acquisitions."