Artfest International, Inc. (OTCBB: ARTS)
DALLAS, TX -- 04/29/10 -- Artfest International, Inc. (OTCBB: ARTS) is pleased to announce that the Company has agreed to purchase an original Picasso Sculpture art piece directly from the artist's personal collection. The wooden sixty by twenty seven Picasso sculpture was completed in 1949 and is titled "Rendering Of Francoise Gilot." The Picasso piece was appraised by Eritas Fine Art Appraising and Consulting, LLC in February, 2010. The market value of this sculpture is between fifty and seventy million dollars. This piece will significantly increase Artfest International's assets and add value to the Company's bottom line.
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GigOptix, Inc. (OTCBB: GGOX)
PALO ALTO, Calif—April 29-- GigOptix, Inc. (OTCBB: GGOX), a leading supplier of electronic and electro-optic semiconductor products for fiber-optic communications systems today announced that it has established a new credit facility with Silicon Valley Bank ("SVB"). This new facility provides the company with lower interest rates, less restrictive covenants and more flexibility with respect to its borrowing base. GigOptix has restructured and consolidated its other outstanding debt instruments with SVB, a leading provider of diversified financial services to emerging growth and established technology companies.
Rick Tu of Silicon Valley Bank commented, "We welcome the opportunity to partner with GigOptix and offer a compelling financing solution that will enable the company to achieve its next stage of growth."
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TrinityCare Senior Living, Inc. (OTCBB: TCSR)
FRIENDSWOOD, TX -- 04/29/10 -- TrinityCare Senior Living, Inc. (OTCBB: TCSR), which develops, manages and owns faith-based senior living facilities, today announced the development of Seniors In Touch, an interactive family communication system, as well as appointing Brian Lang as Chief Executive Officer of the development. Seniors In Touch utilizes the newest computer technologies including touch screen computers to exchange text and video messaging, providing senior adults a safe and secure portal to intuitively and effectively communicate with family members via the Internet.
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Green Energy Live Inc. (OTCBB: GELV)
GRAND RAPIDS, MI - -- 04/29/10 -- Green Energy Live Inc. (OTCBB: GELV), a growing clean energy company engaged in developing sustainable biomass-to-energy conversion solutions for the U.S. livestock industry, is pleased to announce that the Company is continuing to move forward with its acquisition of Peck Electric Inc., a Vermont corporation. On April 28, 2010 Green Energy Live updated its Letter of Intent to acquire 100% of the stock in Peck Electric, an established provider of electrical contracting services which generated $6 million in gross revenue in 2009. The prior letter of intent to acquire Peck contemplated that the purchase would be closed by April 25, 2010. The updated (new) letter contemplates closing of the purchase by June 15, 2010.
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California Community Bank (OTCBB: CABK)
ESCONDIDO, Calif.—April 28-- California Community Bank (OTCBB: CABK), today released its unaudited first quarter 2010 financial results.
The Bank finished the first quarter of 2010 with an asset base of $236,022,000, an increase of $51,896,000, or 28%, from the end of March 2009. Total deposits were $207,792,000, up $51,875,000, or 33%, over the same period a year ago. As of March 31, 2010, total gross loans net of deferred fees, the primary revenue driver for the Bank, stood at $162,347,000 compared to $140,347,000 at March 31, 2009, an increase of $22,000,000, or 16%.
For the first quarter of 2010, the Bank reported a net profit of $260,000, or basic income per share of 12 cents, versus a net loss of $250,000, or a basic loss per share of 12 cents, for the comparable period last year.
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