latest news releases from the newsroom
SmallCap Sentinel: The Perfect Blend
IRVINE, Calif., Oct. 22, 2007 (PRIME NEWSWIRE) -- "It's the zenith in business agreements for a deal to be worth more than the sum of its parts," stated SmallCap Sentinel analyst D.R. Clark. "An example of this may be Friday's after market news release by Devine Entertainment Corporation (OTCBB:DVNNF) announcing the future distribution of its acclaimed core library of family films under a new non-exclusive agreement with NetMovies Inc. that will make Devine's film content available for sale and downloadable directly on demand to consumers via the Internet. It doesn't hurt that NetMovies is run by Internet pioneer and Napster founder John Fanning and partially owned by entertainment giant Blockbuster."
Heritage Oaks Bancorp
Heritage Oaks Bancorp Reports 3Q07 Profits of $1.6 Million, Excellent Deposit Growth and Strong Asset Quality Continue
PASO ROBLES, Calif., Oct. 22, 2007 (PRIME NEWSWIRE) -- Heritage Oaks Bancorp (Nasdaq:HEOP), the parent company of Heritage Oaks Bank, today reported that solid core deposit growth and continued strong asset quality contributed to third quarter profits. For the third quarter of 2007 net income was $1.6 million, or $0.24 per diluted share, compared to $1.7 million, or $0.26 per diluted share, in the third quarter of 2006. For the first nine months of 2007, net income was $4.9 million, or $0.74 per diluted share, compared to $5.0 million, or $0.76 per diluted share for the first nine months of 2006.