Merchants Bancshares Inc. (Nasdaq:MBVT) announced net income of $3.63 million and $6.73 million, or diluted earnings per share of $0.58 and $1.08, for the quarter and six months ended June 30, 2011, respectively. This compares with net income of $4.59 million and $8.42 million, or diluted earnings per share of $0.74 and $1.37, for the quarter and six months ended June 30, 2010, respectively. Merchants previously announced the declaration of a dividend of $0.28 per share, payable August 18, 2011, to shareholders of record as of August 4, 2011. The return on average assets was 0.98% and 0.91% for the quarter and six months ended June 30, 2011 compared to 1.29% and 1.19% for the same periods in 2010. The return on average equity was 14.20% and 13.38% for the quarter and six months ended June 30, 2011 compared to 19.48% and 18.10% for the same periods in 2010.
Merchants Bancshares, Inc. operates as the bank holding company for The Merchants Bank that provides commercial banking products and services in Vermont.
Cleantech Transit Inc (OTCPK:CLNO)
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
Cleantech Transit Inc goal is to use innovative technologies to reduce electricity consumption and dependence on carbon based energy.
A huge percentage of the world's fossil fuels come from the world's most volatile places. By reducing dependence on oil derivatives, nation in turn can reduce its dependence on foreign energy sources. By converting energy from waste Cleantech Transit hopes to help in increasing its country's energy security.
Cleantech Transit, Inc. (OTCPK:CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
Biomass is organic material made from plants and animals (microorganisms). Biomass contains stored energy from the sun. Plants absorb the sun's energy in a process called photosynthesis. The chemical energy in plants gets passed on to animals and people that eat them. Biomass is a renewable energy source because we can always grow more trees and crops, and waste will always exist. Some examples of biomass fuels are wood, crops, and manure.
For more information about CLNO, visit www.cleantechtransitinc.com
Extreme Networks Inc. (Nasdaq:EXTR) announced that it plans to release the financial results of its 2011 fiscal fourth quarter ended July 3, 2011 after the close of regular market trading on Monday, August 1, 2011. A conference call will follow at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). The conference call may be heard by dialing 1-877-303-9826 (international callers dial 1-224-357-2194).
Extreme Networks, Inc., together with its subsidiaries, provides network infrastructure equipment and services to businesses, hospitals, schools, hotels, telecommunications companies, and government agencies worldwide.
Exactech Inc. (Nasdaq:EXAC) will release its second quarter 2011 financial results on August 2, 2011. A copy of the earnings release will be available at http://www.hawkassociates.com. Exactech's conference call with CEO Dr. William Petty and other key members of the management team will be held on Wednesday, August 3, 2011 at 10:00 a.m. Eastern Time. The call will cover the company's second quarter 2011 results. Dr. Petty will open the conference call and a question-and-answer session will follow.
Exactech, Inc. develops, manufactures, markets, distributes, and sells orthopedic implant devices and related surgical instrumentation, as well as offers biologic services to hospitals and physicians in the United States and internationally.
Pulaski Financial Corporation (Nasdaq:PULB) reported net income for the quarter ended June 30, 2011 of $1.7 million, or $0.11 per diluted common share, compared with net income of $1.1 million, or $0.05 per diluted common share, for the quarter ended March 31, 2011 and net income of $3.2 million, or $0.25 per diluted common share, for the June 2010 quarter. Reducing income available to common shares were dividends and the related discount accretion on the Company's preferred stock, issued in January 2009 as part of the U.S. Treasury's TARP Capital Purchase Program, totaling $0.05 per diluted common share in each of the three quarters.
Pulaski Financial Corp. operates as the holding company for Pulaski Bank that provides various financial products and services for businesses and retail customers in the St. Louis metropolitan area, as well as in the Kansas City metropolitan area.
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