latest news releases from the newsroom
Pressure BioSciences, Inc.
Pressure BioSciences, Inc. Announces First Quarter 2009 Financial Results; Significant Improvements in Revenue, Installations, and Cash Burn Reported, Compared to Q1 2008
SOUTH EASTON, Mass., May 5, 2009 (GLOBE NEWSWIRE) -- Pressure BioSciences, Inc. (Nasdaq:PBIO) ("PBI" or the "Company") today announced that total revenue for the first quarter of 2009 was $306,762 compared to $132,376 for the comparable period in 2008, a 132% increase. Revenue from the sale of PCT products and services was $222,142 for the three months ended March 31, 2009 compared to $81,473 for the same period in 2008, a 173% increase. During the first quarter of 2009, the Company completed the installation of ten Barocycler instruments, as compared to seven during the same period of 2008. Seven of the ten were domestic installations and three were international sales, compared to five domestic installations and two international sales for the same quarter in 2008.
Jefferson Bancshares, Inc.
Jefferson Bancshares, Inc. Announces Earnings for the Three and Nine Months Ended March 31, 2009
MORRISTOWN, Tenn., May 5, 2009 (GLOBE NEWSWIRE) -- Jefferson Bancshares, Inc. (Nasdaq:JFBI), the holding company for Jefferson Federal Bank, announced net earnings for the quarter ended March 31, 2009 of $515,000, or $0.09 per diluted share, compared to net earnings of $495,000, or $0.09 per diluted share, for the quarter ended March 31, 2008. For the nine months ended March 31, 2009, net earnings were $1.8 million, or $0.31 per diluted share, compared to $753,000, or $0.13 per diluted share, for the comparable period in 2008. The 2009 results reflect the Company's acquisition of State of Franklin Bancshares, Inc., the parent company of State of Franklin Bank, a Tennessee chartered savings bank headquartered in Johnson City, Tennessee, (collectively, "State of Franklin") on October 31, 2008. Costs associated with the acquisition were approximately $11.8 million, consisting of 736,000 shares of Company common stock issued to former State of Franklin shareholders and $4.9 million in cash.