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Insteel Industries, Inc. (Nasdaq:IIIN) recently reported a loss from continuing operations of $1.7 million ($0.09 per share) for the fourth quarter of fiscal 2010 compared with earnings from continuing operations of $2.8 million ($0.16 per share) in the fourth quarter of fiscal 2009. The loss from continuing operations for the current year quarter includes pre-tax charges of $0.4 million ($0.01 per share after-tax) for inventory write-downs to reduce the carrying value of inventory to the lower of cost or market and $1.5 million ($0.05 per share after-tax) for the settlement of litigation. Including the results of discontinued operations, the net loss for the fourth quarter of fiscal 2010 was $1.6 million ($0.09 per share) compared with net earnings of $1.7 million ($0.10 per share) in the fourth quarter of fiscal 2009.
Insteel Industries, Inc. engages in the manufacture and marketing of steel wire reinforcing products for concrete construction applications. It offers prestressed concrete strand (PC strand) and welded wire reinforcement (WWR) products.
American Pacific Rim Commerce Group (OTC:APRM)
American Pacific Rim Commerce Group, a development stage company, focuses to provide an ecommerce platform to promote commerce between the U.S. small and medium businesses and Chinese businesses and consumers. APRM intends to offer Chinese customers an opportunity to buy 'Made in the USA' American products from its online portal and visible platforms in China. APRM is based in Citra, Florida.
American Pacific Rim Commerce Group recently announced earnings guidance for fiscal years 2011 and 2012. APRM expects to report net income attributable to operations of approximately $12,679,040 million for its fiscal year ending November 30, 2011 and $20,300,000 for 2012, respectively. Profit before interest expense, income taxes, depreciation and amortization is expected to be approximately $9.5 million for 2011 and $16.5 million for 2012.
In prepared remarks delivered to investors, Raymond Talarico, President, said, "Assuming full funding and build-out of our proprietary ecommerce platform mymyJ, the Company projects, for fiscal 2011 ending November 30, 2011 to report earnings of $12 to $13 million and total profit of $9 to $10 million, such guidance represents only a 1% share of total market and suggests a tremendous upside for our shareholders. "By revising our guidance upward we have aligned our expectations with increasingly positive market conditions being reported in China."
APRM is a first mover in the market, providing SME's transactional-based solutions; promotions, sales, logistics and currency conversion, that will establish its backbone as the leading on-line marketplace between Chinese consumers and U.S. SME's. Following successful beta-testing, APRM anticipates launching 'mymyj' (loosely translated); "Buy & Sell Festival" to Chinese consumers in December.
To learn more about APRM visit: http://www.aprcg.com
Premier Financial Bancorp, Inc. (Nasdaq:PFBI), announced its financial results for the third quarter of 2010. Premier realized income of $2,105,000 (22 cents per diluted share) during the quarter ending September 30, 2010, a 40.1% increase from the $1,502,000 of net income reported for the third quarter of 2009. The increase in income in 2010 is largely due to the inclusion of Adams National Bank and Consolidated Bank and Trust (the "Acquired Banks") in the 2010 results.
Premier Financial Bancorp, Inc., a multi-bank holding company, provides community banking services to individuals and small-to-medium sized businesses.
Eline Entertainment Group Inc. (OTCPK:EEGI)
"The acquisition of Midnight Express helps us immensely in our pursuit of shuttle services. We expect to announce a major business strategic agreement in the Tampa Area in the upcoming few weeks thanks to this acquisition." - Debra Davis President of LTGTR.
EEGI is a publicly traded company with two subsidiaries, China-based Innovation Investment Group Inc. and US-based Let the Good Times Roll.
Eline Entertainment Group, Inc. operates in the educational industry in China. EEGI operates 12 educational training centers for nursery students; and 4 training programs. EEGI was formerly known as Eline Music.com, Inc. and changed its name to Eline Entertainment Group, Inc. in April 2001. Eline Entertainment Group, Inc. is based in Hendersen, Nevada.
To learn more about EEGI visit: http://www.elineentertainment.com
Crown Equity Holdings Inc. (OTCPK:CRWE)
"We are excited to be partnering with Communication Expert Corporation," said Kenneth Bosket, President of CRWE "As part of this joint venture we look forward to building an outstanding team to develop and deliver voice and video VoIP services globally."
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 CRWE’s 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.
To learn more about CRWE visit: http://www.crownequityholdings.com
SJW Corp. (NYSE:SJW) recently reported financial results for the third quarter ended September 30, 2010. Operating revenue was $70.3 million in the quarter compared to $69.3 million in 2009. The $1.0 million increase in revenue primarily reflects $0.9 million in cumulative rate increases.
SJW Corp., through its subsidiaries, engages in the production, purchase, storage, purification, distribution, and retail sale of water.
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