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Southcoast Financial Corporation
Southcoast Financial Corporation News Release Southcoast Announces Third Quarter Earnings
MT. PLEASANT, S.C., Oct. 22, 2007 (PRIME NEWSWIRE) -- Southcoast Financial Corporation (Nasdaq:SOCB) announced that it had unaudited pre-tax income of $4,010,000 and unaudited net income of $2,705,000, or unaudited net income of $.49 per basic share, for the nine months ended September 30, 2007. This compares to unaudited pre-tax income of $6,230,000 and unaudited net income of $3,873,000, or unaudited net income of $0.65 per basic share for the nine months ended September 30, 2006. Included in net income for the nine months ended September 30, 2006 was $1,768,000 of pre-tax income related to sales of real estate. This non- recurring income increased after-tax net income by $1,132,000, or $0.19 per basic share. The September 30, 2007 earnings per share are based on 5,554,195 basic average shares outstanding compared to 6,003,734 basic average shares outstanding for the nine months ended September 30, 2006. This decrease in outstanding shares is the result of a stock repurchase plan adopted in January and again in July of 2007. The Company's Board of Directors authorized the repurchase of 10% of the Company's outstanding shares as of January 19, 2007. On July 24, 2007, the Company's Board of Directors authorized an additional repurchase of 10% of the Company's outstanding shares. During the first nine months of 2007, the Company repurchased 1,002,244 shares for a total of $19,443,547.
Geary Interactive CEO Nominated for Prestigious CEO Award by San Diego Business Journal
SAN DIEGO, Oct. 22, 2007 (PRIME NEWSWIRE) -- Geary Interactive, an advanced Internet marketing solutions firm, today announced that CEO Andreas Roell was named by the San Diego Business Journal as a finalist for the publication's Most Admired Chief Executive Officer Award. Roell was an executive chosen from 105 nominees in the category of Small Private Companies. Announcement of finalists and honorees was made at a cocktail reception on October 18th at the San Diego Marriott Hotel and Marina.
TASER International, Inc.
TASER International, Inc. Announces 3rd Quarter Conference Call and Webcast Information
SCOTTSDALE, Ariz., Oct. 22, 2007 (PRIME NEWSWIRE) -- TASER International, Inc. (Nasdaq:TASR), a market leader in advanced electronic control devices, announced today that the third quarter 2007 earnings will be released on Wednesday, October 24, 2007. A conference call/webcast is scheduled at 10:00 a.m. ET to review third quarter financial results.
Saigon National Bank
Saigon National Bank Reports Results of 3rd Quarter Operations
WESTMINSTER, Calif., Oct. 22, 2007 (PRIME NEWSWIRE) -- Saigon National Bank (OTCBB:SAGN) announced the net loss from operations was $214,117 or $0.15 per share for the three months ending September 30, 2007 and a net loss of $709,469 or $0.50 per share for the nine months ending September 30, 2007. John J. Kennedy, President and Chief Executive Officer, stated, "Our losses have continued to diminish on a year over year basis due to our increased loan growth of 121% during the last twelve months."
River City Bank
River City Bank Announces 2007 Third Quarter Operating Results
MECHANICSVILLE, Va., Oct. 22, 2007 (PRIME NEWSWIRE) -- River City Bank (Nasdaq:RCBK) (the "Bank") (quarterly results unaudited) reported today net losses of $(60,926) or $(.03) per share (basic and diluted) for the quarter ended September 30, 2007, and $(287,285) or $(.16) per share (basic and diluted) year-to-date, compared to net losses of $(130,769) or $(.07) per share (basic and diluted) for the quarter ended September 30, 2006, and $(174,758) or $(.10) per share (basic and diluted) for the nine month period ended September 30, 2006.