Power3 Medical Products, Inc. (OTC:PWRM), a leading proteomics company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases, disclosed that it has signed a definitive agreement to acquire all of the stock of Rozetta-Cell Life Sciences, Inc. Power3 plans to effectuate the acquisition of Rozetta-Cell by merging Rozetta-Cell with and into Power3, with Power3 remaining as the surviving company in the merger. The acquisition of Rozetta-Cell is expected to be completed in October or November 2010.
Completion of the merger is subject to customary closing conditions, including receipt by the parties of all necessary board and shareholder approvals and third party consents. There can be no assurance that these conditions will be met or that the merger will be completed.
Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer's disease, Parkinson's disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig's disease).
Power3 applies proprietary methodologies to discover and identify protein biomarkers associated with diseases. Through these processes, Power3 has developed a portfolio of products including BC-SeraPro™, a proteomic blood serum test for the early detection of breast cancer for which it has completed Phase I clinical trials, and NuroPro®, a proteomic blood serum test for the detection of neurodegenerative diseases, including Alzheimer's, Parkinson's and ALS diseases, for which it is currently engaged in Phase II clinical trials.
Crown Equity Holdings Inc. (OTC:CRWE) is a consulting organization which provides and assists small business owners with the knowledge required in taking their company public, and has re-focused its primary vision with its aligned group of independent website divisions to providing media advertising services, as a worldwide online media advertising publisher, dedicated to the distribution of quality branding information, as well as search engine optimization for its clients.
Crown Equity Holdings Inc. is expanding its business by opening another office in Pakistan. This office will be located in the city of Attock, Pakistan. This office will add an additional workforce of 25 associates to its CRWENewswire team, which will increase Crown Equity Holdings' up to date news and world affairs from the Mid-East, Far East and Europe online news wires.
"As always, I am thrilled to increase our team of correspondents to offer our readerships a global perspective on top stories." said Kenneth Bosket, President of Crown Equity Holdings Inc.
The new office in the city of Attock, as well as the office in Islamabad, will be managed by Zeeshan Shabbir. Crown Equity Holdings is in the process of developing its Arabic language CRWENewswire site for news occurring in Pakistan and elsewhere around the world.
NAPCO Security Technologies, Inc., (NASDAQ:NSSC), one of the world’s leading suppliers of high performance electronic security equipment for over 30 years, revealed financial results for its fiscal year ended June 30, 2010.
Gross Profit for the year ended June 30, 2010 was $14,522,000, a decrease of 4% compared to $15,096,000 for the prior year. Gross profit in fiscal 2010 was impacted by the lower sales levels as well as a charge to inventory reserve of $394,000 while Gross profit in fiscal 2009 reflected Restructuring costs of $1,110,000 relating to the consolidation of its European and Middle Eastern warehousing operations into NAPCO’s headquarters in New York.
NASB Financial, Inc. (NASDAQ:NASB) disclosed a net loss for the quarter ended June 30, 2010, of $460,000 or $(0.06) per share. This compares to net income of $3,219,000 or $0.41 per share for the quarter ended March 31, 2010, and compares to net income of $4,242,000 or $0.54 per share for the quarter ended June 30, 2009. The Company recorded a provision for loan losses of $11.5 million during the quarter ended June 30, 2010. This compares to a provision for loan losses of $5.0 million during the quarter ended March 31, 2010, and $4.0 million during the quarter ended June 30, 2009.
NASB Financial, Inc. is a unitary thrift holding company for North American Savings Bank, F.S.B. North American Savings Bank operates six offices in greater Kansas City, Missouri and others in Harrisonville, St. Joseph, and Excelsior Springs, Missouri. North American Savings Bank also has loan origination offices in Lee’s Summit and Springfield, Missouri as well as Overland Park, Kansas.
Nash Finch Company (NASDAQ:NAFC), one of the leading food distribution companies in the United States, revealed financial results for the twelve weeks (second quarter) ended June 19, 2010.
Total Company sales for the second quarter 2010 were $1.15 billion compared to $1.22 billion in the prior-year quarter, a decrease of 5.1%. Sales for the first twenty-four weeks of 2010 were $2.33 billion compared to $2.36 billion in the prior-year period, a decrease of 1.0%.
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