Mid Penn Bancorp Inc. (Nasdaq:MPB) the parent company of Mid Penn Bank, reported net income available to common shareholders for the fourth quarter of $613,000, or $0.17 per common share, an increase of 116.6% over the net loss available to common shareholders of ($3,684,000), or ($1.06) per common share, reported during the same period of 2009.
Mid Penn Bancorp, Inc. operates as the holding company for Mid Penn Bank that provides a range of commercial banking and trust services to small and middle market businesses, high net worth individuals, and retail consumers in Pennsylvania.
Access to affordable healthcare in the United States has been an entitlement, subject to a seemingly arbitrary matrix of factors. Now government insurance applications are available for the elderly, permanently disabled, and those that have failing kidneys, the impoverished and children from low-income parents. Yet how poor must one be to be considered for such programs varies from state to state and from year to year. Employees at most large firms and many small ones can take advantage of group insurance plans negotiated by their employers. Although millions of people who work with low-paying service, retail and also contracting jobs have got to seek individual insurance plans, which may be unaffordable and also unavailable because of their medical histories. Others get hold of insurance with deductibles so high or insurance limits so reduced that one bad accident or illness could actually bankrupt them. The need for affordable healthcare alternatives has never been greater.
NATIONAL HEALTH PARTNERS, INC. (NHPR.OB) a leading provider of unique discount healthcare membership programs, is pleased to announce that the Company has achieved positive earnings for the quarter ended September 30, 2010 compared to a loss of $522,542 for the same period last year. Revenues for the 3rd quarter grew 12.3% over the same period last year. The Company attributes the net earnings to the significant cost-cutting initiatives taken over the past couple of quarters and which is continuing in the 4th quarter.
�I am thrilled to announce that we have finally achieved profitability,� stated David M. Daniels, President and Chief Executive Officer of National Health Partners. �Due to the fact that our limited medical provider unexpectedly decided to exit the marketplace, we were unable to add any new CARExpress Plus limited medical sales during the 3rd quarter. Yet, despite this temporary setback, we were still able to substantially increase our revenue and reach profitability which is a testament to the underlying strength we have with our core CARExpress health discount programs. Although we achieved positive results in revenues and earnings, we anticipate much better results going forward into 2011.�
National Health Partners, Inc. is a national healthcare savings organization that provides discount healthcare membership programs to uninsured and underinsured people through a national healthcare savings network called �CARExpress.� CARExpress is one of the largest networks of hospitals, doctors, dentists, pharmacists and other healthcare providers in the country and is comprised of over 1,000,000 medical professionals that belong to such PPOs as CareMark and Aetna. The company�s primary target customer group is the 47 million Americans who have no health insurance of any kind. The company�s secondary target customer group includes the millions of Americans who lack complete health insurance coverage. The company is headquartered in Horsham, Pennsylvania.
For more information on the company, please visit its website at www.nationalhealthpartners.com.
American Video Teleconferencing Corp. (Pink Sheets:AVOT) is pleased to announce that Wayne Lockhart, BSc. Geology, has joined the company as special geological advisor to AVOT for advancing the company�s exploration programs on its newly acquired rare earth property in Quebec.
Mr. Lockhart has over 35 years experience in the mining business having worked for Falconbridge and Phelps Dodge in eastern Canada, Anglo American Corp.(DeBeers) in Africa and Benguet Cons. in the Philippines. Mr. Lockhart in addition to being a lecturer at the University of New Brunswick in Geology, has developed programs for the United Nations (UNDP). Mr. Lockhart is an Honorary Director of the Prospector and Developers Association of Canada (PDAC), a founding and former member of the Association of Exploration Geochemists and a Member of the Society of Economic Geologists.
American Video is looking forward to this new relationship with Mr. Lockhart as he will be able to provide the guidance, expertise and leadership that will be needed moving forward, as he has had many years experience working in the province of Quebec.
China has started to drastically reduce the exports of rare-earth materials, which frequently are used in �green� technology designs, including hybrid vehicles and energy-efficient lighting, as well as in the healthcare, defense, and consumer markets. The nation supplies nearly 100% of the world�s rare-earth materials: 17 metals which are difficult to refine and that tend to occur in the same ore deposits. The cutbacks have sent shock waves through the electronics industry and could force design changes in the near future.
Constraints on Chinese exports are generating opportunities for non-Chinese projects.
American Video will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects.
Oclaro, Inc. (Nasdaq:OCLR) announced the financial results for its second quarter of fiscal year 2011, which ended January 1, 2011. “We delivered to our key financial metrics in the December quarter as expected,” said Alain Couder, president and CEO, Oclaro. “The strategic tone and tenure of the recent annual allotment and pricing process with major customers was positive. Market conditions remain strong, and we are expecting revenue growth in the seasonally softer March quarter.”
Oclaro, Inc. designs, manufactures, and markets optical components, modules, and subsystems that generate, detect, amplify, combine, and separate light signals in telecommunications networks.
FX Energy Inc. (Nasdaq:FXEN) reported excellent gas shows during coring of the top level of Rotliegend sandstones in the Company’s Lisewo well. The gas shows were observed on the mudlogging unit during coring of the interval from 3810 to 3846 meters. The remaining schedule is to core and drill to a total depth of 3945 meters, run electric logs to estimate reservoir properties and the gas water contact, and then conduct a production test.
FX Energy, Inc., together with its subsidiaries, operates as an independent oil and gas exploration and production company with principal operations in Poland.
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