Heritage Commerce Corp. (Nasdaq:HTBK) announced that Margaret Incandela has been promoted to Executive Vice President and Chief Credit Officer of the Bank. Incandela has been with Heritage for two years as Executive Vice President/Credit Risk Management. Margaret is a valued member of our team and has over 20 years of credit experience in banking, including chief credit officer at other financial institutions," said Walter Kaczmarek, President and Chief Executive Officer. "She has been very instrumental in the improvement of Heritage's credit quality over the past couple of years, and brings an exceptional credit background to the position." Incandela will be responsible for all aspects of credit administration including loan policies, procedures and processes to ensure the overall quality of Heritage Bank's lending portfolio.
Heritage Commerce Corp operates as a bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California.
Power3 Medical Products, Inc. (OTC:PWRM)
"We are very excited to be finally ridding ourselves of litigation that has plagued us for several years now," stated Ira L. Goldknopf, President and Chief Scientific Officer of PWRM. "We have big plans for the future beginning with our upcoming acquisition of Rozetta-Cell and are about to enter a long and substantial growth phase marked by advances in our science and intellectual property. Given the imminent nature of many of these transactions and breakthroughs, we have decided, in consultation with the financiers of Rozetta-Cell, that the best course of action for Power3 is to settle many of these lawsuits so that we can focus our attention exclusively on the acquisition of Rozetta-Cell and the development of our combined businesses after the merger."
Power3 Medical Products, Inc., 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. The company was formerly known as Surgical Safety Products, Inc. and changed its name to Power3 Medical Products, Inc. in September 2003. Power3 Medical Products, Inc . was founded in 1992 and is based in The Woodlands, Texas.
To learn more about PWRM visit: http://www.Power3Medical.com
American Video Teleconferencing Corp. (OTCPK:AVOT)
China is the world's major producer of rare earth elements, many are used in today's technology, such as new energy sources and hybrid cars. China announced in July that it will slash exports for minerals used to make hybrid cars and televisions by 72 percent in the second half of the year.
The nation has begun to drastically restrict the exports of rare-earth materials, which frequently find use in “green” technology designs, which includes hybrid vehicles and energy-efficient lighting, also in the medical, defense, and consumer markets. The country delivers nearly 100% of the world’s rare-earth materials: 17 metals which can be hard to refine and that also often occur in alike ore deposits. The cutbacks have resulted in shock waves throughout the electronics industry and might force design changes in the longer term.
Constraints on Chinese exports are forming opportunities for non-Chinese projects.
American Video Teleconferencing Corp. recently announced that it is presently in final discussions to enter into a formal agreement to acquire an exclusive option on a molybdenum property in the Otter lake area in the province of Quebec, Canada. The property has been dormant since the 1960's when Hupon Mining and Exploration carried out surface work, stripping, trenching and a minor drill program of 445 feet contained in 11 drill holes. Some of the sample results from the trenching in 1962 showed 0.94% to 25% molybdenum averaging 5-10%. These values were obtained from assessment files in the Department of Mines in Quebec City.
This property is only one of several advanced stage properties AVOT has under consideration in the province of Quebec.
Golden Enterprises Inc. (Nasdaq:GLDC) - The Board of Directors declared a quarterly dividend of $.03125 per share payable January 26, 2011 to stockholders of record on January 14, 2011. Golden Enterprises, Inc.’s basic and diluted income per share for the thirteen weeks ended November 26, 2010 was $.05 compared to $.06 for the thirteen weeks ended November 27, 2009. Net sales for the quarter were $30,910,393 down 1.7% from the comparable period in fiscal 2010. The Company maintained healthy earnings in the second quarter, despite a more cautious grocery consumer. For the twenty-six weeks ended November 26, 2010, total net sales were $62,866,477 down 1.8% compared to last year. The basic and diluted income per share was $.14 compared to $.15 last year.
Golden Enterprises, Inc., through its wholly owned subsidiary, Golden Flake Snack Foods, Inc., provides packaged food products principally in the United States. It manufactures and distributes a line of salted snack items, such as potato chips, tortilla chips, corn chips, fried pork skins, baked and fried cheese curls, onion rings, and puff corn.
Recon Technology, Ltd. (Nasdaq:RCON) a leading Chinese non-state-owned oil field services provider to oil and gas companies and their affiliates, announced that its subsidiary, Nanjing Recon Technology Co., Ltd. ("Nanjing Recon"), has been awarded a High-Tech Enterprise certificate by the Jiangsu provincial government. The certification is intended to support and encourage the development of high-tech businesses within China.
The certification is intended to support and encourage the development of high-tech businesses within China. Among the six criteria for certification, a company must own the intellectual property rights to its core products or services, at least 10% of its employees must work in research and development, and the company must generate more than 60% of its annual revenue from the sale of high-tech products or services.
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