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OPWV, EVCA, PFBC, CIDM - Stock Report From DrStockPick.com!

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EVCARCO (OTC.BB:EVCA) (Pinksheets:EVCA) and its Board of Directors are proud to announce that EVCARCO franchise registration has became effective in the State of Hawaii. The Board received notice that the Department of Commerce and Consumer Affairs for the State of Hawaii has cleared the Company's franchise program.

The Department of Commerce and Consumer Affairs for the State requires all franchisors submit filings of their Federal Disclosure Documents (NYSEARCA:FDD) for review and approval under the Hawaii Franchise Investment Act, Hawaii Revised Statutes, Chapter 482E.

EVCARCO's strategy of expansion through franchising will aid in establishing EVCARCO as pioneers of the automotive industry's newest segment of alternative fuel vehicle sales and distribution.

EVCARCO completed its Federal Disclosure Documents (FDD) and is now currently eligible to franchise in Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Nebraska, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, and Wyoming.

EVCARCO (www.evcarco.com) is an automotive retail group dedicated to deploying a franchised coast-to-coast network of environmentally friendly dealerships and vehicles.

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Cinedigm Digital Cinema Corp. (Nasdaq:CIDM) announced the deployment of 283 Cinedigm-Certified™ screens across 20 existing Southern Theatres, L.L.C. locations in Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina and Texas. Southern Theatres, LLC, is headquartered in New Orleans. The installations are anticipated to begin in March 2011 and be completed by the end of the year. Southern Theatres, L.L.C., is responsible for the daily operations of The Grand Theatres and AmStar Cinemas. Southern is financing the deployment through NEC Financial.

Cinedigm Digital Cinema Corp. provides technology solutions, financial services and advice, software services, electronic delivery, and content distribution services to owners and distributors of digital content to movie theatres and other venues.

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Preferred Bank (Nasdaq:PFBC) reported results for the quarter ended December 31, 2010. Preferred Bank reported a net loss of $10.4 million or $0.16 per diluted share for the fourth quarter of 2010 compared to a net loss of $28.4 million or $1.80 per diluted share for the fourth quarter of 2009 and compared to a net loss of $5.5 million or $0.78 per diluted share for the third quarter of 2010. The loss for the quarter was mainly attributable to a $7.25 million provision for loan losses, OREO expenses and valuation allowance on OREO of $3.6 million and a loss on sales of investment securities of $726,000.

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.

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Openwave Systems Inc. (Nasdaq:OPWV) announced that revenues for the second fiscal quarter ended December 31, 2010 were $39.9 million, compared with $41.5 million in the prior quarter ended September 30, 2010 and $49.7 million in the December quarter in the preceding fiscal year. Bookings for the second quarter of fiscal 2011 were $40.2 million. The company ended the quarter with $113.4 million in cash and investments. “Openwave’s next generations of products were garnering interest from both new and current customers,” said Ken Denman, CEO of Openwave. “In addition to Media Optimizer, we were seeing increasing interest in Passport, which helps operators improve the subscriber experience through better customer care and more personalized data plans.

Openwave Systems Inc. provides software solutions for the communications and media industries in North America, Latin America, Europe, Africa, the Middle East, and the Asia-Pacific.

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