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Friday Feb. 12, 2010
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Consorteum Holdings, Inc. (OTCBB:CSRH) has signed a management agreement with UK based Blue Sea Manning Ltd. to provide integrated payroll and multi-currency settlement solutions. Currently, Blue Sea Manning receives wire transfers for invoice payments in numerous foreign currencies from all over the world. Consorteum�s custom tailored solution will manage all incoming global payment tenders, currency conversion functionality and administrative tools for payroll settlement to staff members in their preferred currency; directly into a bank account or onto a payroll card.
Intellipharmaceutics International Inc. (Nasdaq:IPCI), a specialty pharmaceutical company focused on difficult-to-formulate drugs, today announced the appointment of Graham Neil, CA, as Chief Financial Officer and Vice-President, Finance
TaxMasters, Inc. (OTC Bulletin Board: TAXS), the IRS tax relief company has completed the initial phase of moving to its new corporate headquarters. The six-story, 107,000 sq. ft. facility, located at 2020 Dairy Ashford, in Houston, TX, currently houses all TaxMasters� operations staff, including TaxMasters� tax preparers, financial analysts, enrolled agents, resolution experts, case managers and client service representatives. Plans are to move the remaining company employees, including tax consultants, quality control staff and corporate management, into the new facility as soon as construction is finalized. Coming off of a record year of growth for the company in new customers and revenue, TaxMasters secured expanded space in the fourth quarter of 2009 to house its growing staff and projected growth in 2010. The company reported an increase of 53% in its headcount in 2009, creating 107 new jobs in total in 2009.
Echo Global Logistics, Inc. (Nasdaq:ECHO), a leading provider of technology enabled transportation and supply chain management services, today announced that it has joined the U.S. Environmental Protection Agency’s (EPA) SmartWay(SM) Transport Partnership, an initiative with the goal of environmentally cleaner, more fuel efficient transportation options.
The Airborne Laser Testbed (ALTB) transitioned from science fiction to directed energy fact Feb. 11 when it put a lethal amount of ‘light on target’ to destroy a boosting ballistic missile with help from a megawatt-class laser developed by Northrop Grumman Corporation (NYSE:NOC).
Community Financial Corporation (Nasdaq:CFFC), a holding company whose sole subsidiary is Community Bank, Staunton, Virginia, today reported earnings for the quarter and nine months ended December 31, 2009. For the quarter ended December 31, 2009, Community Financial reported earnings of $832,000 or $.15 per diluted share, compared to $4,239,000 or $.97 per diluted share for the same period last year.� Net income for the current quarter compared to the December 31, 2008 quarter decreased due to the tax benefit of $4,384,000 on the other than temporary impairment (OTTI) non-cash charge of $11,535,000 related to Fannie Mae and Freddie Mac preferred stock in the 2008 quarter, an increase in the provision for loan losses of $473,000 in the 2009 quarter partially offset by an increase in net interest income of $1.0 million and an increase in non-interest income of $598,000.
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