Dallas, TX – REPUBLIC FIRST BANCORP INCORPORATED (NASDAQ: FRBK) "Up 30.71% on Wednesday"
Republic First Bancorp, Inc., the holding company for Republic Bank, announced that it has completed the sale of $59.0 million of commercial real estate loans and foreclosed properties to a single investor. This transaction will dramatically reduce non-performing asset balances and significantly improve credit quality metrics while still leaving the Company with strong capital ratios.
WESTWAY GROUP INCORPORATED (NASDAQ: WWAY) "Up 31.70% on Wednesday"
Westway Group, Inc., together with its subsidiaries, provides bulk liquid storage and related value-added services to manufacturers and consumers of agricultural and industrial liquids worldwide. It provides bulk liquid storage services for a range of products, including molasses and liquid animal feed products; vegetable oils, tallows, and greases; lignin sulphonate, calcium chloride, and liquid fertilizers; petroleum, petro-chemicals, waxes, and petroleum oil; chemicals; caustics; methyl esters; and asphalts. Its value-added services include transloading and blending of bulk liquids, as well as distribution. The company also manufactures and distributes liquid animal feed supplements directly to end users, primarily to the beef and dairy livestock industries. It owns and operates a global network of 60 operating facilities providing approximately 352 million gallons of total bulk liquid storage capacity producing and selling approximately 1.6 million tons of liquid feed supplements annually. The company was formerly known as Shermen WSC Acquisition Corp. and changed its name to Westway Group, Inc. in May 2009. Westway Group, Inc. was founded in 2006 and is headquartered in New Orleans, Louisiana.
CONO ITALIANO INCORPORATED (OTCBB: CNOZ) "Up 25.00% on Wednesday"
Cono Italiano, Inc. owns the North American distribution and manufacturing rights for Pizza Cono. This on-the-go food product is designed to be a drip free, spill free cone-shaped pizza made of proprietary dough and filled with freshly selected ingredients. The Company intends that the Pizza Cone will be distributed through the fast food market. The Pizza Cone will be distributed to quick-service restaurants (QSR), takeaways, and leisure locations. These establishments include typical fast food chains, supermarkets, convenience stores, entertainment facilities and sports arenas.
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