latest news releases from the newsroom
First Equity Group
StockMarketNewsAlert.com Issues Updated Trade Alert -- Blue Dolphin Energy
DEERFIELD BEACH, Fla., July 14, 2006 (PRIMEZONE) -- Blue Dolphin Energy (Nasdaq:BDCO) is new to StockMarketNewsAlert.com. According to M. D'Alonzo at First Equity Group, Inc., "Recent news flow from the company has been very positive. The company announced that its wholly-owned subsidiary, Blue Dolphin Pipeline Company, has entered into gas and condensate transportation agreements with a new customer to deliver production into the Blue Dolphin Pipeline system. The production will be delivered into the system in Galveston Block 273."
Tower Financial Corporation
Tower Financial Corporation Reports Second Quarter Earnings
FORT WAYNE, Ind., July 14, 2006 (PRIMEZONE) -- Tower Financial Corporation (Nasdaq:TOFC) today announced second quarter 2006 net income of $912,000, an increase of 8.4 percent from the $841,600 reported for the second quarter of 2005. Diluted earnings per share were $0.22, up 4.8 percent from second quarter 2005 earnings of $0.21 per share. For the first six months of 2006, net income was $1.9 million compared with $1.6 million for the prior-year six months, an increase of 21.5 percent. Diluted earnings per share increased 18.0 percent, from $0.39 for the first six months of 2005 compared with $0.46 for the current six-month period.
Web.com to Present at HostingCon 2006
ATLANTA, July 14, 2006 (PRIMEZONE) -- Web.com, Inc. (Nasdaq:WWWW), the leading destination for websites and web services for small businesses and consumers, today announced that it will present at HostingCon 2006 in Las Vegas on Tuesday July 18, 2006. Jeff Stibel, President and CEO of Web.com, is scheduled to present on a keynote panel titled "Lessons from the Trenches -- What Works Now" at 10:00 AM PT (1:00 PM ET). A webcast of the speaking opportunity is not available.
PennFed Financial Services, Inc.
PennFed Financial Services, Inc. Announces Annual Meeting Date
WEST ORANGE, N.J., July 14, 2006 (PRIMEZONE) -- PennFed Financial Services, Inc. (Nasdaq:PFSB), the holding company for New Jersey-based Penn Federal Savings Bank announced the Annual Meeting of Stockholders will be held at 10 a.m. on Thursday, October 26, 2006, at Mayfair Farms in West Orange, New Jersey. Stockholders of record on September 1, 2006, are entitled to vote at the meeting.
StockGuru.com Announces Profile Coverage of Cavico Corporation
DALLAS, July 14, 2006 (PRIMEZONE) -- John Pentony, Publisher of StockGuru.com, announced today that the web site has initiated Profile Coverage of Cavico Corporation (Pink Sheets:CVCP). Cavico is a Vietnamese engineering and construction company working in the fields of infrastructure development within Vietnam and throughout Asia and the Pacific Rim. The company's projects include hydropower facilities, dams, bridges, roads, mining and urban buildings. The company is headquartered in Hanoi, Vietnam, with offices throughout Vietnam and a satellite office in Australia.
Execute Sports, Inc.
Online Sales in June for Execute Wetsuits, Vests and Rash Guards More Than Triple Since March Launch
SAN DIEGO, July 14, 2006 (PRIMEZONE) -- Execute Sports, Inc. (OTCBB:EXCS) announced today that June's online sales volume has more than tripled since its March launch through leading retailers including Dick's Sporting Goods, The Sports Authority, Sport Chalet, Sports R Us, GI Joe's, Modell's, Fog Dog, MVP, MC Sports, Dunham's, Buy.com, City Sports, Blades Board Sports and Olympia.
Heritage Oaks Bancorp
Heritage Oaks Bancorp Earns Record Profits of $1.7 Million; Asset Quality and Net Interest Margin Both Improve
PASO ROBLES, Calif., July 14, 2006 (PRIMEZONE) -- Heritage Oaks Bancorp (Nasdaq:HEOP), the parent company of Heritage Oaks Bank, today reported record second quarter profits fueled by an expanding net interest margin and increased loan volumes. For the second quarter of 2006, net income increased 4% to $1.7 million, or $0.25 per diluted share, compared to $1.6 million, or $0.25 per diluted share, in the second quarter of 2005. For the first six months of 2006, net income increased 8% to $3.3 million, or $0.49 per diluted share, compared to $3.0 million, or $0.46 per diluted share, for the first six months of 2005.