latest news releases from the newsroom
Evolution Fuels, Inc.
Evolution Fuels, Formerly Known as Earth Biofuels, Executes Letter of Intent to Construct New Truck Stop
DALLAS, May 14, 2009 (GLOBE NEWSWIRE) -- Evolution Fuels, Inc. (Pink Sheets:EBOF) (the "Company") announced today that it has executed a non-binding Letter of Intent with Inland Harbor, LLC to construct a new truck stop on Interstate 35 near New Braunfels, TX, approximately 45 miles south of Austin, TX.
Jeffersonville Bancorp Announces First Quarter Earnings, Declares Quarterly Dividend
JEFFERSONVILLE, N.Y., May 14, 2009 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp, Inc. (Nasdaq:JFBC) announced today first quarter net income of $754,000 ($0.18 earnings per share) compared to $1,054,000 ($0.25 earnings per share) for the first quarter of 2008. The decrease in net income is primarily due to a $150,000 provision for loan losses for the quarter ended March 31, 2009 versus no provision for the same quarter in 2008 and a decrease in interest income of $466,000 or 8.0%, partly offset by decreased interest expense of $382,000. An increase in non-interest expenses of $280,000 was partially offset by an increase in non-interest income of $69,000 and a reduction in income tax expense of $145,000.