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INSU, HIRU, PFBC, PWRM, SIRI - Insituform Technologies, Hiro Corp., Preferred Bank, Power3 Medical Products, SIRIUS XM Radio

|Includes: Sirius XM Holdings Inc. (SIRI)

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Insituform Technologies, Inc. (Nasdaq:INSU) reported third quarter income from continuing operations of $18.8 million ($0.48 per diluted share), representing a 59.6 percent increase from the third quarter of 2009, when income from continuing operations was $11.8 million ($0.30 per diluted share). Full-year range of expectation between $1.50 - $1.55 per diluted share, on anticipated strong fourth quarter results in all business segments.

Insituform Technologies, Inc., through its subsidiaries, provides proprietary technologies and services for rehabilitating sewer, water, energy, and mining piping systems and the corrosion protection of industrial pipelines in North America and internationally.


Preferred Bank (Nasdaq:PFBC), recently reported results for the quarter ended September 30, 2010. Preferred Bank reported a net loss of $5.5 million for the third quarter of 2010  compared to a net loss of $36.0 million or $3.32 per diluted share for the third quarter of 2009 and compared to a net loss of $3.0 million or $0.05 per diluted share for the second quarter of 2010. The net loss available to common shareholders for the quarter was $0.78 per common share, and was increased by $0.64 per share due to the recognition of the intrinsic value of the beneficial conversion feature of Series A Convertible Preferred stock issued by the Company.

Preferred Bank operates as a commercial bank in California. Its deposit products include checking, savings, negotiable order of withdrawal, and money market deposit accounts; fixed-rate and fixed maturity retail certificates of deposit; and individual retirement accounts and non-retail certificates of deposit.


  Hiru Corporation (OTCPK:HIRU)

Hiru Corporation subsidiary Jiangxi Shaungshi Pharmaceutical Co., Ltd (Shaungshi AHP) launched the Jiangxi Shaungshi Biological Medicines Institute.

Hiru Corporation is pleased with this development and looks forward to future growth.

Hiru Corporation, through its subsidiary, Jiangxi RongYu Pharmaceutical Group Co., Ltd., produces Chinese herbs for the naturopathic industry in China.

To learn more about HIRU visit:


  Power3 Medical Products, Inc. (OTC:PWRM)

“In preparation for commercialization, our objective at this meeting was to show how Power3’s protein biomarkers and blood tests provide superior solutions for diagnosis and drug response to improve the treatment of Alzheimer’s disease,” stated Dr. Ira L. Goldknopf, PWRM’s President & Chief Scientific Officer. “It was gratifying to receive substantial attention to our posters from representatives of major pharma and clinical research institutions from around the world. They expressed surprise and enthusiasm for our findings, especially those relating to the methods by which Power3’s protein biomarkers indicate how patients respond to treatment with the three major anti-dementia drugs.”

PWRM has filed several patent applications that are currently pending for its NuroPro technology. PWRM also has a world-wide exclusive license from the Baylor College of Medicine in Houston, Texas. To date, PWRM has given 9 presentations on NuroPro at international scientific meetings in the United States, Europe and China. PWRM  has also published 6 articles on NuroPro in peer-reviewed scientific journals. PWRM intends to publish these latest findings as well.

PWRM, a bio-technology company, engages in the development and marketing of diagnostic tests in the fields of cancer, and neurodegenerative and neuromuscular diseases in the United States.

To learn more about PWRM visit:


SIRIUS XM Radio (Nasdaq:SIRI) announced third quarter 2010 financial and operating results:

  • Adjusted revenue of $722.5 million in the third quarter 2010, up 15% from the third quarter 2009 adjusted revenue of $629.6 million;
  • Adjusted EBITDA of $169.7 million in the third quarter 2010, an increase of 60% over the third quarter 2009 adjusted EBITDA of $106.1 million;
  • Free cash flow of $62.0 million, a 132% increase from $26.7 million in the third quarter of 2009;
  • Net subscriber additions of 334,727 in the third quarter of 2010 compared to 102,295 in the third quarter of 2009; and
  • Net income (loss) attributable to common stockholders for the third quarter of 2010 and 2009 was $67.6 million and ($151.5) million, respectively, or $0.01 and ($0.04) per diluted share.

Sirius XM Radio Inc. provides satellite radio services in the United States and Canada.




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