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PROT.OB, BKSC, BCAR, & OZRK: Bank of the Ozarks Assumes Deposits and Purchases Assets of Horizon Bank


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Proteonomix Inc (OTC BB: PROT.OB)

Proteonomix is a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives. Proteoderm, Inc. a wholly owned subsidiary of Proteonomix that has recently opened its retail web site, Proteoderm.com, and begun accepting pre-orders for its anti-aging skin care products. StromaCel, Inc.'s goal is the development therapeutic modalities for the treatment of Cardiovascular Disease (CVD). StromaCel, Inc. is pursuing the licensing of other technologies for therapeutic use. National Stem Cell, Inc. is Proteonomix's operating subsidiary. The Sperm Bank of New York, Inc. is a fully operational tissue bank. Proteonomix Regenerative Translational Medicine Institute, Inc. (”PRTMI“) intends to focus on the translation of promising research in stem cell biology and cellular therapy to clinical applications of regenerative medicine. Proteonomix intends to create and dedicate a subsidiary to each of its technologies.

PROTEONOMIX, INC., a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives, announced today that Mr. Michael Cohen, Chairman and CEO, is scheduling a multi-city European road trip to create additional awareness of the Proteonomix, Inc. investment opportunity to institutional investors.

Scheduled for early October, Mr. Cohen will discuss with sophisticated investors the recent contract to establish a joint venture with a group of investors that will establish a new stem cell treatment and research facility in the United Arab Emirates (U.A.E.). In addition, Mr. Cohen will discuss the opportunity to set up additional joint ventures in other countries using the U.A.E. arrangement as a model.

The recent contract calls for the joint venture partner to invest $5 million on or before September 10, 2010 in a Joint Venture company, XGEN Medical LLC. (”XGen”), a Nevis Island limited liability company. For additional details about the joint venture agreement, please refer to the August 17, 2010 press release.

 

“Proteonomix has made great strides recently,” stated Mr. Cohen, “and we have been contacted by several European entities that have requested additional information about our proprietary stem cell activities. In recognition of the interest in Europe and the potential for additional joint venture agreements in various European countries, we recognize that it is propitious to meet with a number of the European institutional investors both to educate them on the intrinsic value of Proteonomix shares and garner interest in strategic relationships.”

PROT, a biotechnology company, engages in the development of stem cell therapies primarily for the treatment of diabetes and cardiac therapy, as well as offers cosmeceutical products. The stem cell therapy involves the introduction of healthy new stem cells to repair and replace damaged or lost cells. PROT offers product for the treatment of anti-aging and damaged skin.

Provision for the Distribution of Proteoderm, Proteonomix, Inc.'s new Anti-aging line of skin care products (www.proteoderm.com)

Additionally, the agreement calls for XGen, the joint venture, to market and distribute Proteoderm, including the Matrix NC-138 anti-aging products.

You should watch this company, as their product is the type that is in demand at lease in the western culture. Make a decision by yourself!

More about PROT at: www.proteonomix.com

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Bank of South Carolina Corporation, (Nasdaq:BKSC)

The Board of Directors of Bank of South Carolina Corporation the parent Company for The Bank of South Carolina, declared a $.10 per share quarterly dividend payable October 29, 2010 to shareholders of record as of October 8, 2010. Hugh C. Lane, Jr., President and Chief Executive Officer of The Bank of South Carolina, stated, "We are pleased that we are in the position to have declared a 10% stock dividend in August and maintain our $.10 quarterly dividend. For the benefit of our shareholders it is our intention to declare and pay our fourth quarter dividend in 2010."

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Bank of the Carolinas Corporation (Nasdaq:BCAR)

Bank of the Carolinas Corporation reported today financial results for the three- and six-month periods ended June 30, 2010.

For the three-month period ended June 30, 2010, the Company reported a net loss of $188,000, as compared to a net loss of $1,479,000 in the second quarter of 2009. After payment of dividends on preferred stock, the net loss available to common shareholders for the three months ended June 30, 2010 was $415,000, or $0.11 per common share, compared to a net loss of $0.41 per common share for the second quarter of 2009.

For the six-month period ended June 30, 2010, the Company reported a net loss of $423,000, as compared to a net loss of $2,134,000 for the six-month period of 2009. The net loss available to common shareholders for the six months ended June 30, 2010 was $877,000, or $0.23 per common share, compared to a net loss of $0.57 per common share for the six month period of 2009.

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Bank of the Ozarks, Inc. (NASDAQ: OZRK)

Bank of the Ozarks, Inc. announced today that its wholly-owned bank subsidiary, Bank of the Ozarks, has entered into a purchase and assumption agreement including loss share arrangements with the Federal Deposit Insurance CorporationFDIC”) to purchase substantially all of the assets and to assume substantially all of the deposits and other liabilities of Horizon Bank of Bradenton, Florida.

All former Horizon Bank locations will open at normal banking hours on Monday, September 13, 2010 as Bank of the Ozarks locations and all former Horizon Bank customers will be able to conduct banking business as usual. Bank of the Ozarks will provide banking services to the holders of more than 7,500 former Horizon Bank loan and deposit accounts.

“We are proud of our 107-year tradition of strong and prudent banking practices, and we are ready to deliver the best in friendly, hometown service supported by state-of-the-art technology to our new customers,” said George Gleason, Bank of the Ozarks Chairman and Chief Executive Officer. “Our new customers can rest assured that their deposits are safe and accessible.”

 

 

 

 

 

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