Territorial Bancorp Inc. (Nasdaq:TBNK) announced net income of $3.2 million or $0.28 per share, for the three months ended December 31, 2010, compared to $3.0 million for the three months ended December 31, 2009 or $0.27 per share. Net income rose by 6.3% for the three months ended December 31, 2010 compared to the same period in 2009. For the year ended December 31, 2010, the Company earned $11.0 million, or $0.97 per share, compared to $8.7 million for the year ended December 31, 2009 or $0.77 per share. Net income rose by 27.3% for the year ended December 31, 2010 compared to 2009. The Company also announced that its Board of Directors approved a quarterly cash dividend on its common stock of $0.07 per share. The dividend is expected to be paid on March 3, 2011 to stockholders of record as of February 17, 2011.
Territorial Bancorp Inc. operates as the bank holding company for Territorial Savings Bank that provides financial services to individuals, families, and businesses in the state of Hawaii. The company offers various deposit accounts, including passbook and statement savings accounts, certificates of deposit, money market accounts, commercial and regular checking accounts, and super NOW accounts.
Proper Power & Energy, Inc. (OTCBB:PPWE.OB), a Tampa-based independent oil and gas exploration and production company, has announced that it has been approached by two independent financing groups and has submitted a $10 million private placement memorandum to each of them. These two groups are seeking domestic oil and gas production in light of the Middle East tensions.
"The timing to acquire oil and gas properties while gas prices are low couldn't be better. Additionally, the availability of this funding for developing Proper Power's Kentucky and Utah oil prospects will accelerate 2011 revenues and leasehold acreage growth dramatically. We anticipate feedback from both of the financing groups before the end of this month," stated Andrew J. Kacic, President of Proper Power & Energy.
PPWE has announced the next stage of its Western U.S. operations. The Company met with the executives of Thrust Resources Inc. and EQ Resources Inc. in Dallas, Texas on January 20, 2011. The meeting focused on a joint venture for the Central Utah Prospect between the Companies. This was the initial meeting between Clint Brower, CEO and Chairman of EQ Resources, and Andrew Kacic, the newly named President of Proper Power & Energy Inc.
The next steps will be circulating a memorandum of understanding followed upon definitive agreements. "We look forward to expedite future discussions of both Companies working together to mutually reach our Utah objectives," stated Andrew Kacic.
More about PPWE at: www.properpower.com
Sanmina-SCI Corp. (Nasdaq:SANM) one of the world's largest designers and manufacturers of highly complex, technologically advanced Printed Circuit Boards (PCBs), announced it has earned the prestigious Nadcap certification at its Singapore PCB location. After a rigorous review and audit, the plant received the accreditation for superior processes in electronics manufacturing of complex, high-density PCBs, allowing the facility to meet the specific and highly regulated needs of its Original Equipment Manufacturer (OEM) customers in the aerospace industry.
Sanmina-SCI Corporation provides integrated electronics manufacturing services worldwide. It offers product design and engineering services comprising initial development, detailed design, prototyping, validation, preproduction, and manufacturing design.
Hosted IP-PBX is a superior alternative that any others based IP PBX system. It delivers a productive set of business-grade calling features and integrates all your local, long distance and Internet access services over a single network connection. This way, you can take advantage of all the calling features anywhere in the world.
VoIP industry is fast augmenting and hence it assures a definite hike in the revenue generation to any organisation that steps into this field.
Crown Equity Holdings Inc. (OTCBB:CRWE.OB) announced that its subsidiary company, Crown Tele Services Inc. is still moving forward after dissolving its joint venture with Communication Expert Corporation and will gradually start rolling out its internet based voice and video service IP-PBX solutions this year.
The cornerstone of Crown Tele Services Inc. strategy is to meet the highest standards when it comes to delivering VoIP (Voice over Internet Protocol) communication solutions specifically designed to meet the market needs.
According to ABI Research, the latest global business VoIP services forecasts show that the value of the overall market, which includes VoIP integrated access, SIP trunking, hosted IP-PBX/IP Centrex and managed IP-PBX services, is set to double over the next five years, to exceed $20 billion by 2015.
More about CRWE at: www.crownequityholdings.com
Marvell Technology Group Ltd. (Nasdaq:MRVL) a worldwide leader in integrated silicon solutions, announced KinomaÂ®, a software platform that will dramatically transform the way consumers interact with the devices that fuel their digital lives. Kinoma is a new foundation for creating and delivering fast, simple user experiences for an unprecedented range of devices. Through its recent acquisition of Kinoma Inc., a visionary creator of mobile media software, Marvell now offers an experience and solution that is fully integrated from silicon to applications, creating new opportunities for original equipment manufacturers (OEMs) and manufacturers while freeing developers from traditional restraints.
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, and digital signal processing and embedded microprocessor integrated circuits. The company offers storage products, including storage system-on-a-chip, read channel.
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