BankAtlantic Bancorp, Inc. (NYSE:BBX) released that BankAtlantic employees have volunteered to team up with the Place of Hope as a co-sponsor of Place of Hope’s Second Annual Hope Walk.
Place of Hope is a unique faith-based, state-licensed child welfare organization providing family-style foster care (emergency and long-term); family outreach and intervention; transitional housing and support services; adoption and foster care recruitment and support; hope and healing opportunities for children and families who have been traumatized by abuse and neglect.
BankAtlantic, Florida’s Most Convenient Bank, is one of the largest financial institutions headquartered in Florida.
Eline Entertainment Group, Inc. (OTCPK:EEGI) Completes Second Merger
Eline Entertainment Group, Inc. (PINK SHEETS:EEGI) and the company's subsidiary Let The Good Times Roll has successfully merged with Bad Boy Party Buses and Limos (www.badboypartybuses.com).
Bad Boy Party Buses and Limos is a limo and party bus company serving the Tampa Bay area. From birthdays, prom, bachelor/bachelorette, anniversary, corporate parties, to large group trips, they offer their patrons top quality partying, all the while assuring that they arrive safely to and from their destination.
LTGTR employs an organic expansion and acquisition tactic to start increasing the company revenue streams and expand on the market immediately. Besides organic expansion, the company also seeks mergers, acquisitions, and participation in various joint ventures. LTGTR believes Bad Boy Party Buses and Limos will be a good fit for the company business model. The company seeks to achieve aggressive business growth with several mergers in the near future.
This is EEGI's second merger announcement in the last several days. The company is targeting one or possibly two more merger candidates in the short time frame. EEGI management intends to keep shareholders updated with further details on the progression of upcoming mergers and already completed mergers via filings, which will be posted shortly on the OTCMarkets.Com site.
Eline Entertainment Group, Inc. operates in the educational industry in China. It operates 12 educational training centers for nursery students; and 4 training programs. The company was formerly known as Eline Music.com, Inc. and changed its name to Eline Entertainment Group, Inc. in April 2001. Eline Entertainment Group, Inc. is based in Hendersen, Nevada.
Bank of Virginia (Nasdaq:BOVA) reported that it expects to incur write-offs and increases to reserves for loan losses in the third quarter of 2010. The Bank plans to release third quarter operating results in early November. At this time, the Bank estimates that the third quarter loan loss provision, which includes both write-offs and increases to credit reserves, will be between $4.5 million and $5.5 million. This provision reflects a continued deterioration in the credit ratings of certain loans in the portfolio.
Bank of Virginia operates five full-service branch offices in Chesterfield County and Henrico County in Virginia.
PTS, Inc. (OTCPK:PTSH) to Acquire Majority Control of ThinLine Technology Group
PTS, Inc. (OTC:PTSH) has entered into a Share Exchange Agreement pursuant to which PTSH will acquire 70% of ThinLine Technology Group at the closing. Closing shall occur as soon as PTSH receives satisfactory audited financials from ThinLine, but not later than December 31, 2010.
ThinLine Technology Group (www.thinlinegroup.com) manages, markets and maintains the IT and VOIP infrastructure for small and medium business (SMB market) and provides Private Cable Operators (PCO market) private label billing and call center support. At present, the company services over 21,000 clients on behalf of Private Cable Operators over 400 apartment properties across the United States.
The company consists of three divisions of expertise that provides one-stop solutions for customers' technology needs across a broad spectrum of marketing, support and technology services:
ThinLine IT: providing CTO services and consulting, remote server and desktop support, disaster recovery, hosted exchange, software development, mobile application development and managed IT services.
ThinLine Connect: providing Internet and communications system consulting, business VoIP, hosted PBX technology, web-based CRM tools, and white-label call center support services.
ThinLine Interactive: providing local search marketing, social media marketing consulting, pay-per-click marketing, web hosting, web development and optimization, and mobile (SMS) marketing.
"This acquisition is of significant importance for PTSH. This addition continues the company's mission to reorganize and focus on developing and growing across multiple verticals. We shall continue to pursue our business model of growing our business throughout Technology, Retail and Finance under the company umbrella. This strategy will help diversify income and allow the company to grow utilizing the managed service model," states Marc Pintar, interim CEO.
In other company news and events: In concert with today's merger news, PTS, Inc. will shortly announce its new officers directors and board members, replacing current interim management.
PTS, Inc. does not have significant operations. It intends to acquire undervalued businesses and/or merge with businesses with a history of operating revenues. Prior to February 23, 2010, the company engaged in the provision of accessibility compliance consulting services to government, school districts, and municipalities and other public entities, as well as to retail, commercial, recreational, and corporate customers. PTS, Inc. was founded in 1996 and is based in Las Vegas, Nevada.
Bank of the Ozarks, Inc. (NASDAQ:OZRK) recently announced that net income available to common stockholders for the quarter ended September 30, 2010 was a record $20,225,000, an increase of 141.0% from $8,391,000 for the third quarter of 2009. Diluted earnings per common share for the third quarter of 2010 were a record $1.19, an increase of 138.0% from $0.50 for the third quarter of 2009.
During the quarter just ended, Bank of the Ozarks completed its second and third Federal Deposit Insurance Corporation (“FDIC”) assisted acquisitions of 2010 and recognized gains on both acquisitions. After taxes, these gains, net of acquisition and conversion costs incurred during the third quarter, contributed $8.8 million to net income, or $0.51 to diluted earnings per common share.
Bank of the Ozarks, Inc. is a bank holding company with $3.2 billion in total assets as of September 30, 2010. Bank of the Ozarks owns a state-chartered subsidiary bank that conducts banking operations through 86 offices in Arkansas, Texas, Georgia, Florida, South Carolina, North Carolina and Alabama.
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