latest news releases from the newsroom
The Savannah Bancorp, Inc.
Savannah Bancorp Reports 2.3 Percent Second Quarter EPS Increase and Declares Regular Quarterly Dividend
SAVANNAH, Ga., July 17, 2007 (PRIME NEWSWIRE) -- The Savannah Bancorp, Inc. (Nasdaq:SAVB) reported net income for the second quarter 2007 of $2,591,000, up 2.1 percent from $2,538,000 in the second quarter 2006. Net income per diluted share was 44 cents compared to 43 cents per diluted share in the second quarter of 2006, an increase of 2.3 percent. Second quarter 2007 earnings were up $280,000, or 12%, compared to first quarter 2007 earnings of $2,311,000. Prior period per share amounts have been restated to reflect the 5-for-4 stock split in December 2006.
Competitive Technologies, Inc.
Thomas Jefferson University Licenses Age-Related Memory Improvement Technology to Daeyang E&C
FAIRFIELD, Conn., July 17, 2007 (PRIME NEWSWIRE) -- Competitive Technologies, Inc. (AMEX:CTT) announced today that Thomas Jefferson University (Jefferson) has licensed a patent-pending technology designed to reduce age-related memory loss to Seoul, Korea-based Daeyang E&C, Inc. (KOSDAQ:033030). CTT will acquire U.S. distribution rights for the device incorporating this technology. Researchers at Jefferson, based in Philadelphia, conducted studies on the improvement of attention and concentration with Daeyang's modified MC Square device. As a result of these studies, Jefferson's researchers and Daeyang E&C jointly filed a patent to utilize the improved MC Square device as a method of treatment for age-related memory loss. Under the licensing agreement, Daeyang is granted exclusive commercial rights to the technology.
Oakley Announces Special Edition Artist Eyewear Series
FOOTHILL RANCH, Calif., July 17, 2007 (PRIME NEWSWIRE) -- Oakley, Inc. (NYSE:OO) today announced a new program of exclusive, limited-release eyewear that specifically targets young consumers on the cutting edge of music, art, fashion, digital media, and action sports. The Oakley Artist Eyewear Series is a focused extension of the company's "SQUARE O" collection and includes custom design treatments by artists, musicians and designers from around the world whose inspirational cues help to shape underground youth culture, lifestyle and trends. Named after the distinctive icon that signs it, the SQUARE O eyewear collection features unique Oakley designs that are inspired by the lifestyles of its athletes as well as their cultural influences including music, art and fashion.
Timberline Resources Corporation
Timberline Retains Klepfer Mining Services and Acquires Dedicated Drill Rig to Advance Key Exploration Projects
COEUR D'ALENE, Idaho, July 17, 2007 (PRIME NEWSWIRE) -- Timberline Resources Corporation (OTCBB:TBLC) has retained Klepfer Mining Services LLC ("KMS") to assist with the advancement of some of its key exploration projects, including Conglomerate Mesa and Butte Highlands. KMS is a consortium of accomplished industry professionals that provides technical services, including engineering, environmental management, project management, and technical support, to the mining industry. Eric Klepfer, the principal of KMS, is also a Director of Timberline.