Power3 Medical Products, Inc. (PWRM.OB), a leading proteomics company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases, revealed that Power3 has signed a definitive agreement to acquire all of the stock of Rozetta-Cell Life Sciences, Inc. Power3 plans to effectuate the acquisition of Rozetta-Cell by merging Rozetta-Cell with and into Power3, with Power3 remaining as the surviving company in the merger. The acquisition of Rozetta-Cell is expected to be completed in October or November 2010.
Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig’s disease). Power3 applies proprietary methodologies to discover and identify protein biomarkers associated with diseases.
The Board of Directors of State Bancorp, Inc. (Nasdaq:STBC), parent company of State Bank of Long Island, declared a cash dividend of $0.05 per share at its July 27, 2010 meeting. The cash dividend will be paid on September 16, 2010 to stockholders of record as of August 20, 2010.
State Bancorp, Inc. is the holding company for State Bank of Long Island. In addition to its seventeen branches located in Nassau, Suffolk, Queens and Manhattan, the Bank maintains its corporate headquarters in Jericho. The Bank has built a reputation for providing high-quality personal service to meet the needs of our diverse client base which includes commercial real estate owners and developers, small to middle market businesses, professional service firms, municipalities and consumers.
State Street Corporation (NYSE:STT), one of the world's leading providers of financial services to institutional investors, announced today enhancements to its wealth manager services capabilities. Investment policy compliance, administrative reviews, trade order management and integrated account management capabilities have now been added to its proprietary State Street Wealth Connect® platform. State Street currently services more than $250 billion in assets for approximately 500 wealth managers comprised of 90,000 accounts within the high-net-worth market.
State Street Corporation is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $19.0 trillion in assets under custody and administration and $1.8 trillion in assets under management at 30 June, 2010, State Street operates in 25 countries and more than 100 geographic markets worldwide.
STEALTHGAS INC. (Nasdaq:GASS), a ship-owning company primarily serving the liquefied petroleum gas (NYSE:LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the second quarter and first six months ended June 30, 2010. For the three months ended June 30, 2010, voyage revenues amounted to $26.9 million, a decrease of $0.2 million, or 0.7%, compared to voyage revenues of $27.1 million for the three months ended June 30, 2009. Net income for the three months ended June 30, 2010 was $4.1 million or $0.19 per share, a decrease of $2.4 million, from net income of $6.5 million, or $0.29 per share, for the three months ended June 30, 2009. Net income for the three months ended June 30, 2010 included a gain on the sale of vessels of $1.0 million compared to a loss on the sale of vessels of $0.8 million for the three months ended June 30, 2009.
Headquartered in Athens, Greece, STEALTHGAS INC. is a ship-owning company primarily serving the liquified petroleum gas (LPG) sector of the international shipping industry. STEALTHGAS INC. currently has a fleet of 34 LPG carriers with a total capacity of 155,204 cubic meters (cbm), three M.R. product tankers and one Aframax crude oil tanker.
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