latest news releases from the newsroom
MicroIslet Implements Staffing Changes to Further the Company's New Corporate Strategy
SAN DIEGO, July 23, 2007 (PRIME NEWSWIRE) -- As previously announced, MicroIslet, Inc. (OTCBB:MIIS) (the "Company") has refocused its efforts to accelerate the clinical testing of the Company's "MicroIslet-P(tm)" encapsulated islet preparation in persons suffering from Type 1 diabetes. In a first clinical phase, MicroIslet intends to initiate xenograft clinical trials in locations outside of the United States. As part of this strategy, the Company has recently implemented changes to both its management and Board of Directors. A second phase of this approach has now been initiated, and includes a shift in developmental expenditures and personnel. Accordingly, MicroIslet has decided to use outside facilities that operate under Good Manufacturing Practices (GMP) for islet isolation and encapsulation. These functions were previously performed in-house in non-GMP facilities, which was acceptable for preclinical development but not for human transplantation. MicroIslet also intends to refocus R&D efforts on finalizing its existing encapsulation technology for human transplantation. The Company is also exploring strategic partnership opportunities that may expedite and advance human clinical testing, both abroad and in the United States. The Company expects to make announcements regarding GMP facilities and other strategic partnerships later in the year. The current management and Board are extremely grateful to the employees who have made this a very smooth transition period.
EMS Technologies, Inc.
EMS Technologies Completes $29 Million Contract, Delivering Final Anti-Jamming Hardware for AEHF Program
ATLANTA, July 23, 2007 (PRIME NEWSWIRE) -- EMS Technologies, Inc. (Nasdaq:ELMG) recently completed delivery of key anti-jamming hardware to Northrop Grumman for installation on the payloads for Advanced Extremely High Frequency (AEHF) program, the military's highly secure satellite communications system that will provide jam-resistant communications for high-priority military ground, sea and air assets. Northrop Grumman is the AEHF payload provider to Lockheed Martin, prime contractor for the AEHF system.
Chino Commercial Bank
Chino Commercial Bancorp Reports Second Quarter Earnings
CHINO, Calif., July 23, 2007 (PRIME NEWSWIRE) -- The Board of Directors of Chino Commercial Bancorp (OTCBB:CCBC), the parent company of Chino Commercial Bank NA, announced the results of operations for the second quarter ended June 30, 2007 with net earnings of $225,207 as compared with net earnings of $277,642 for the same quarter of 2006. The net earnings for the most recent quarter represent $0.29 per diluted share, as compared with $0.31 per diluted share, or reduction of 6.45% from the same quarter last year. Earnings year-to-date were $402,990 or $0.50 per diluted share as compared with net earnings of $542,173 or $0.61 per diluted share for the same period last year.
Virgin America and Current TV Announce Inflight Partnership
BURLINGAME, Calif., July 23, 2007 (PRIME NEWSWIRE) -- Virgin America, a next generation low-fare airline that will start domestic service August 8, today announced that San Francisco-based Current TV will provide an exclusive content channel on Red(tm), Virgin America's Inflight Entertainment system (IFE).
Chemical Financial Corporation
Chemical Financial Corporation Reports Second Quarter 2007 Earnings
MIDLAND, Mich., July 23, 2007 (PRIME NEWSWIRE) -- Chemical Financial Corporation's (Nasdaq:CHFC) Board of Directors today announced 2007 second quarter net income of $9.5 million, or $0.39 per diluted share, versus net income of $12.2 million, or $0.49 per diluted share, in the second quarter of 2006.
Tank Sports, Inc.
CFO of Tank Sports Comments On 1st Quarter Financials
LOS ANGELES, July 23, 2007 (PRIME NEWSWIRE) -- Today, CFO of Tank Sports, Inc. (OTCBB:TNSP.OB), Jing Jing Long, comments on the company's financials for the quarter ended May 31, 2007 and announces completion of the preliminary consolidation of Redcat Motors.