Power3 Medical Products, Inc. (OTCBB:PWRM.OB), a leading proteomics company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases, announced� that it delivered four poster presentations at the 2010 International Conference on Alzheimer’s Disease (ICAD) in Honolulu, Hawaii. These presentations discussed NuroPro�, Power3′s diagnostic test, and focused on Power3′s Alzheimer’s disease blood serum biomarkers, test and clinical validation trials.
“In preparation for commercialization, our objective at this meeting was to show how Power3′s protein biomarkers and blood tests provide superior solutions for diagnosis and drug response to improve the treatment of Alzheimer’s disease,” said Dr. Ira L. Goldknopf, Power3′s President and Chief Scientific Officer. “It was gratifying to receive substantial attention to our posters from representatives of major pharma and clinical research institutions from around the world. They expressed surprise and enthusiasm for our findings, especially those relating to the methods by which Power3′s protein biomarkers indicate how patients respond to treatment with the three major anti-dementia drugs.”
“We are pleased that our blood tests specifically diagnose Alzheimer’s in patients, both pre- and post-treatment,” said Helen R. Park, MS, Chief Executive Officer of Power3, “and that our scientific collaborators, Dr. Marwan Sabbagh, Medical and Scientific Director of the Banner Sun Health Medical Research Institute, and Dr. Lourdes R. Bosquez, President of the Woodlands Behavioral Institute, Inc., presented along with us at the meeting in Hawaii.”
More about PWRM at: www.Power3Medical.com
The Elmira Savings Bank (Nasdaq:ESBK) has announced the opening of a loan production office in Cortland, NY. The office will be located at 77 South West Street, Homer, NY, serving both Cortland and Homer communities.
Michael P. Hosey, President & CEO commented, “We are pleased to announce our entrance into Cortland County. This extends our footprint in the Finger Lakes region and provides us with lending opportunities in Cortland and surrounding communities.” Hosey continued, “We look forward to bringing our customer service-focused approach to these communities.”
The Dixie Group, Inc. (NASDAQ:DXYN) recently reported financial results for the second quarter and six months ended June 26, 2010. In the second quarter of 2010, the Company had net sales of $59,058,000 versus $52,572,000 in the same quarter of 2009. Including facility consolidation and severance expenses, the Company reported an after-tax loss from continuing operations of $684,000, or $0.05 per diluted share, in the quarter, compared with a loss from continuing operations of $984,000, or $0.08 per diluted share, for same quarter of 2009.
For the six months ended June 26, 2010, the Company had net sales of $109,512,000, versus $100,211,000, in the six months ended June 27, 2009. Including facility consolidation and severance expenses, the Company reported an after-tax loss from continuing operations of $3,143,000, or $0.25 per diluted share, compared with a loss from continuing operations of $36,425,000, or $2.97 per diluted, for the six months ended June 27, 2009.
Dress Barn, Inc. (NASDAQ – DBRN) freshly reported sales and earnings results for its fiscal fourth quarter and fiscal year ended July 31, 2010. Sales and earnings results for the fiscal fourth quarter and fiscal year 2010 periods included fourteen and fifty-three weeks, respectively, while the same periods in fiscal year 2009 included thirteen and fifty-two weeks, respectively.
Net earnings for the fiscal fourth quarter increased to $42.0 million, or $0.52 per diluted share, compared to recast GAAP net earnings of $25.6 million, or $0.40 per diluted share for the fourth quarter of fiscal 2009. The Company�s fourteenth week net earnings for the fourth quarter of fiscal 2010 were approximately $0.05 per diluted share. The Company noted that results for the fourth quarter of fiscal 2009 have been recast to include non-cash, imputed interest from the adoption of Accounting Standards Codification (ASC) 470-20 as further described below.
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