USA Technologies, Inc. (NASDAQ:USAT), reported results for the quarter ended September 30, 2010.
Total revenue for the quarter increased by 16% to $4.4 million, compared to $3.8 million in the first quarter of the prior year. Gross profit was $1.4 million, up 32% versus $1.0 million from last year’s fiscal first quarter. Gross profit margin expanded to 30.5%, compared to 26.9% a year ago. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved to a loss of $1.4 million for the quarter, our best quarterly EBITDA performance since listing on NASDAQ. The prior year first quarter EBITDA loss was $2.5 million.
USA Technologies, Inc. supplies cashless, remote management, reporting, and energy management solutions to the unattended point of sale market principally in the United States.
Orofino Gold Corp. has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
ORFG is please to announce that the Board Of Directors have appointed Mr. Ning Shi Long as Chairman of the Board and Executive Director.
Mr. Ary Fernando Pernett Marque has been appointed as the new President/CEO & Executive Director of Orofino Gold Corp. See full resume on ORFG’s website.
Mr. Pernett will be responsible for all affairs of ORFG’s in Colombia. Mr. Pernett has 30 years of experience working in the Colombian Mining sector and will over the near term choose his new development team to assist in the development of ORFG’s Senderos de Oro gold camp in the Sur de Bolivar Colombia.
ORFG and Mr. Pernett will continue to work with Contexto Legal of Medellin and Bogota, ORFG’s legal counsel as well as Discovery Consultants, (The Qualified 43-101 team) Canada, as they have in the past. The new team will now aggressively pursue other known Gold occurrences in the companies Senderos de Oro Gold Camp while the development team works to improve production at La Azul Mine.
The Board of Director’s have accepted resignation of John T. Martin, former Managing Director of ORFG. His resignation is effective immediately. ORFG wishes him well and success in future endeavors.
Orofino Gold Corp. engages in acquisition, exploration, and development of gold properties in Mexico and Colombia. ORFG has an option to acquire properties in the Sur de Bolivar Department of Colombia South America. ORFG was formerly known as SNT Cleaning, Inc. and changed its name to Orofino Gold Corp. in December 2009. ORFG was founded in 2005 and is based in Central, Hong Kong.
To learn more about ORFG visit: http://www.orofinogold.com
Suffolk Bancorp (NASDAQ:SUBK) released the results of its operations during the third quarter of 2010. Earnings-per-share were $0.49, a decrease of 22.2 percent from $0.63 during the comparable period of 2009. Net income was $4,688,000, down 22.2 percent from $6,028,000 during the same quarter last year. Earnings-per-share for the year to date were $1.14, down 37.0 percent from $1.81 a year ago. Net income for the year to date was $11,012,000, down 36.7 percent from $17,395,000 posted during the first nine months of 2009. A detailed financial summary follows the text.
Suffolk Bancorp operates as the holding company for Suffolk County National Bank that provides domestic, retail, and commercial banking services to small and medium-sized commercial enterprises, professionals, and individual consumers in Suffolk County.
Hiru Corporation (OTCPK:HIRU)
The company has established a strong position in the Chinese animal husbandry market and plans to expand and deliver more new products and solutions to this market in the future.
Shuangshi AHP Co. is devoted to the protection of animal and human health. The company employs scientists, highly trained technical experts, engineers and veterinarians whose innovative spirit offers services for the improvement of the animal husbandry. The company focuses on all species and a wide range of breeding situations. The company is able to adapt products to any customer specific needs.
Shuangshi AHP provides the Chinese agricultural market with veterinary and animal nutrition solutions which include large volume injections, liquid disinfectants and feed additives.
Shaungshi AHP has launched recently the Jiangxi Shaungshi Biological Medicines Institute.
HIRU’s subsidiary Shuangshi AHP is currently researching several new veterinary drugs for development within the next two years. HIRU launched this new institute to strengthen and speed up the research and development processes. The Institute will allow the company a better focus and concentration of its talent in bio-tech development and research.
The company intends to continue its work in the development, production and marketing of both well-established and new veterinary drugs, and nutritional additives (amino acids, vitamins, trace elements, etc.) for the Chinese market.
Hiru Corporation operates through its subsidiary, Jiangxi RongYu Pharmaceutical Group Inc., is a producer of Chinese herbs for the naturopathic industry in China. Jiangxi RongYu Pharmaceutical Group Co., Ltd. focuses on producing and manufacturing of herbs, herbal extracts and herbal preparations. HIRU's products are based on the traditional Chinese systems. HIRU researches and develops dosage approaches and health applications of these traditional recipes. On December 3, 2009, HIRU completed the merger with the China-based company Jiangxi RongYu Pharmaceutical Group Inc.
To learn more about HIRU visit: http://www.hirucorporation.com
Broadway Financial Corporation (Nasdaq:BYFC), announced that on Thursday, September 30, 2010, Broadway was awarded a $600,000 Bank Enterprise Award ("BEA") from the Community Development Financial Institutions Fund ("CDFI"), a division of the United States Department of the Treasury.
Broadway Financial Corporation operates as the holding company for Broadway Federal Bank, f.s.b. that offers savings and loan products principally in California.
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