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  • MCCC, ONFC, AMRN, EVCA - Stocks and News To Review By DoubleInStocks.com 0 comments
    Feb 16, 2011 2:29 PM | about stocks: MCCC, ONFC, AMRN

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    Mediacom Communications Corp. (Nasdaq:MCCC) announced that it will hold a special meeting of stockholders on March 4, 2011 to vote on its proposed merger with an entity created by its founder, Chairman and Chief Executive Officer, Rocco B. Commisso, pursuant to which all outstanding shares of Mediacom common stock that Mr. Commisso does not already own will be converted into $8.75 per share in cash. Mediacom stockholders of record at the close of business on January 14, 2011 will be entitled to notice of the special meeting and to vote on the proposal. The special meeting will be held at 10:00 a.m. ET at the offices of SNR Denton US LLP, 1221 Avenue of the Americas, 25th Floor, New York, New York. Mediacom will mail its definitive proxy statement to its stockholders on or before February 4, 2011.


    Mediacom Communications Corporation develops cable systems to provide entertainment, information, and telecommunications services in the United States.

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    Oneida Financial Corp. (Nasdaq:ONFC)
    has announced operating results for the fourth quarter and full year ended December 31, 2010. Net income for the three months ended December 31, 2010 was $1.5 million, or $0.21 diluted earnings per share, compared to $1.2 million, or $0.17 diluted earnings per share, for the three months ended December 31, 2009. The increase in net income during the respective fourth quarter periods is primarily the result of an increase net interest income, an increase in non-interest income and a decrease in net investment losses, partially offset by an increase in the provision for loan losses, an increase in non-interest expenses and an increase in income tax provision.


    Oneida Financial Corp. operates as the bank holding company for The Oneida Savings Bank that provides community banking services primarily in Madison and Oneida Counties in New York, and surrounding counties.

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    Amarin Corporation plc (Nasdaq:AMRN), a clinical-stage biopharmaceutical company with a focus on cardiovascular disease, announced that Paul E. Huff has joined the Company as Chief Commercial Officer. In this role, Mr. Huff is responsible for driving Amarin's AMR101 commercialization strategy, including all marketing and sales planning and implementation, including product launch activities. He will also provide business development support as Amarin evaluates potential strategic partnerships for the commercialization of AMR101. Mr. Huff brings more than 25 years of cardiovascular-focused pharmaceutical marketing and sales experience to Amarin, with a special emphasis on marketing lipid-modifying prescription pharmaceuticals

    Amarin Corporation plc is a clinical-stage biopharmaceutical company with expertise in lipid science focused on the treatment of cardiovascular disease.

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    EVCARCO, Inc. (OTC.BB:EVCA) announced that it will sell CNG powered Foton MD 3000 medium-duty class 3-5 trucks at its green auto dealerships. Foton Motor Co. is the largest commercial vehicle manufacturer in China, its existing assets are in excess of 5 Billion Dollars U.S. and they have a staff of 28,000 employees. Foton has the capacity to produce up to 26,000 units of the Foton MD 3000 medium-duty class 3-5 trucks a year.

    The MD 3000 and LD1000 are versatile for multi-use applications and are equipped with cargo delivery bodies. The vehicle's chassis and Euro-style cab design allows for easy multi-conversions for uses such as street sweepers and refuse collection. The truck will allow businesses and municipalities to have a high quality, environmentally friendly, domestically produced clean natural gas solution for all of their truck needs.

    Mack Sanders, CEO of EVCARCO, stated, "The MD 3000 and LD1000 CNG powered truck will allow our green auto dealerships to enter the commercial sales arena with a high quality versatile environmentally friendly medium duty truck, DOT compliant and with a full warranty. We expect to receive the first CNG powered Foton 3000 next month. Government support and mandates, which have been the key to the adoption of natural-gas vehicles in the U.S. recently, has confirmed our vision. Our team has worked diligently for some time with the manufacturer's distributor on the development of this project and we are pleased with the results."

    EVCARCO, Inc. is the first automotive retail group dedicated to deploying a coast-to-coast network of environmentally friendly franchised dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles. We live in the communities we work in; our corporate culture reflects the greening aspirations of our customers. Our dealerships are not just a place to buy a vehicle; they are a warm embrace of eco-culture, a place where like minded individuals can interact while getting a quick AltEng refill on their way to work.

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