AngioDynamics Inc. (Nasdaq:ANGO) announced that a leading provider of innovative medical devices for the minimally-invasive treatment of cancer and peripheral vascular disease, reported financial results for the fiscal 2011 second quarter ended November 30, 2010. Net sales in the second quarter were $53.4 million, virtually identical to the $53.5 million reported in the prior year period. Oncology sales increased 16% to $15.9 million from the prior year, and included $1.6 million in NanoKnife® System sales, up from $1.1 million in the fiscal 2011 first quarter. Vascular sales were $37.5 million, a decrease of 6% from the second quarter a year ago. Effective for the fiscal year beginning June 1, 2010, Vascular sales include both Peripheral Vascular and Access product lines, for which the Company combined the respective sales forces. International sales in the second quarter grew 12% to $6.7 million from the prior year period.
AngioDynamics, Inc. designs, develops, manufactures, and markets various therapeutic and diagnostic devices that enable interventional physicians to treat peripheral vascular disease, tumors, and other non-coronary diseases. It operates in three segments.
Bank of Kentucky Financial Corp. (Nasdaq:BKYF) announced that it has repurchased $17 million of the outstanding $34 million of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A, issued in February 2009 to the U.S. Department of the Treasury pursuant to the Troubled Asset Relief Program Capital Purchase Program. The repurchase follows the Company's recent common equity offering, in which the Company raised approximately $28.1 million after underwriting discounts and estimated expenses. Prior to the TARP investment during the height of our country's credit crisis in 2008, The Bank of Kentucky successfully navigated through the tough times by sticking with our proven strategy of providing credit and core banking services to local businesses, organizations, individuals, and families," stated Robert W. Zapp, the Company's President and Chief Executive Officer.
The Bank of Kentucky Financial Corporation operates as the holding company for the Bank of Kentucky, Inc., which provides various commercial banking and consumer banking services. The company provides various deposit products, including regular passbook savings accounts, negotiable order of withdrawal accounts, money market deposit accounts, term certificate accounts, and individual retirement accounts.
Douglas Lake Minerals Inc. (OTC:DLKM)
Douglas Lake Minerals Inc. offers gold mining and exploration services. DLKM is based in Surrey, Canada.
Douglas Lake Minerals Inc. is pleased to announce that it has filed a Canadian National Instrument 43-101 Standards for Disclosure of Mineral Projects ("NI 43-101) Technical Report (the "Technical Report") for its Handeni Project. DLKM's 100% owned Handeni Project consists of four prospecting licenses covering approximately 800 square kilometers in the newly developing goldfields of Eastern Tanzania. Douglas Lake filed the Technical Report with the British Columbia Securities Commission via the System for Electronic Document Analysis and Retrieval (SEDAR).
The exploration also included a fixed-wing aeromagnetic and radiometric survey. The survey and interpretation was conducted according to internationally accepted standards by the Council for Geoscience, South Africa. The Technical Report identified and selected a total of 12 priority gold targets which are recommended for follow up work.
"The scale of work covered by the Technical Report has significantly advanced Douglas Lake's Handeni Project," Harp Sangha, Chief Executive Officer comments, "We now have a number of very exciting gold targets which we are a priority for us to follow up with further exploration in 2011."
To learn more about DLKM visit: http://www.douglaslakeminerals.com
Gold's Usefulness as a safe haven:
The geo-political and world economic structure is currently undergoing major change-some have even called the situation an "upheaval." This means that the investment outlook, particularly for certain parts of the world, is more unpredictable than usual. Under these circumstances, it is logical to conclude that certain investment portfolios should include real (non-paper) assets such as commodities for protection against a potential decline in the paper markets.
Gold is the most malleable and ductile of all metals; a single gram can be beaten into a sheet of 1 square meter, or an ounce into 300 square feet. Gold leaf can be beaten thin enough to become translucent. The transmitted light appears greenish blue, because gold strongly reflects yellow and red. Such semi-transparent sheets also strongly reflect infrared light, making them useful as infrared (radiant heat) shields in visors of heat-resistant suits, and in sun-visors for spacesuits.
Orofino Gold Corp. engages in acquisition, exploration, and development of gold properties in Mexico and Colombia. Orofino Gold has an option to acquire properties in the Sur de Bolivar Department of Colombia South America.
La Azul - Senderos de Oro Area
La Azul is one producing artesanal mine in the Senderos de Oro area controlled by ORFG, it is a mixed sequence of predominantly volcanic rocks with the vien systems comprised of high grade chalcopyrite, galena and sphalerite with pyrite in quartz viens.
It has been interpreted (by Shaw 1993) that the metallogenic zonation around the La Azul workings evokes a very viable "hidden porphyry" exploration model. This interpretation and the prospectivity of the area have been confirmed by the Orofino "qualified person" as per the 43-101 rules.
ORFG will move ahead aggressively in the last quarter of 2010 to persue the current interpretations, work programs and drilling will begin soon.
To learn about ORFG visit: http://www.orofinogold.com
Home Bancshares, Inc. (Nasdaq:HOMB) announced several financial developments and activities relating to the fourth quarter. During December 2010, the Company finished the initial evaluations and calculations for the Wakulla Bank and Gulf State Community Bank FDIC-assisted acquisitions completed on October 1, 2010 and November 19, 2010, respectively. These results indicate the Wakulla Bank transaction will result in the Company reporting a pre-tax bargain purchase gain of $17.0 million. The Gulf State Community Bank transaction will result in the Company reporting a pre-tax bargain purchase gain of $8.1 million. The two transactions totaling $25.1 million in pre-tax bargain purchase gains less the related merger costs of approximately $2.2 million will result in an increase in diluted earnings per share for the fourth quarter by approximately $0.49 per share.
Home BancShares, Inc. operates as a holding company for the Centennial Bank that provides various commercial and retail banking, and related financial products and services to businesses, real estate developers, investors, individuals, and municipalities. It offers various deposit products, including checking, savings, and money market accounts; and certificates of deposit.
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