(BKYF, PWRM, PBCT, GTIM, AMSG, AEIS) Notable Stock by DrStockPick.com
Friday, July 8th, 2011The Bank of Kentucky Financial Corporation (Nasdaq:BKYF) announced that its subsidiary, The Bank of Kentucky, Inc. (”The Bank of Kentucky”), executed a purchase and assumption agreement with the United Kentucky Bank of Pendleton County, Inc. (”United Kentucky Bank”) on June 30, 2011. Under the terms of the purchase and assumption agreement, The Bank of Kentucky will assume approximately $26 million of deposit liabilities, as well as other expressly identified liabilities, and purchase certain assets, including United Kentucky Bank’s Falmouth, Kentucky office and ATM and $14 million in selected loans, from United Kentucky Bank.
The Bank of Kentucky Financial Corporation operates as the holding company for the Bank of Kentucky, Inc., which provides various commercial banking and consumer banking services.
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Power3 Medical Products Inc. (PWRM)
Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig’s disease).
Amyotrophic lateral sclerosis (ALS), also called Lou Gehrig’s disease, is a progressive neuromuscular disease that weakens and eventually destroys motor neurons (components of the nervous system that connect the brain with the skeletal muscles).
Upper motor neurons are located in the cerebral cortex of the brain and conduct impulses from the motor cortex to nerves in the brain or the spinal cord. Lower motor neurons are peripheral neurons that originate in the spinal cord and conduct impulses to the skeletal muscles. Skeletal muscles are involved with voluntary movements, such as walking and talking. The lower motor neurons transmit the command to move from the brain to the skeletal muscles, which respond by contracting.
The NuroPro Blood Test is Power3 Medical’s diagnostic tool for the early detection of Neurodegenerative diseases. The analysis is designed as a tool for physicians to diagnose various degenerative diseases of the brain and nervous system. The test involves monitoring the concentration of 59 proteins in blood serum to accurately detect and distinguish between Alzheimer’s disease, ALS (Lou Gehrig’s disease), and Parkinson’s disease. Early detection of these diseases will allow physicians to intervene at an early stage to delay disease progression, potentially allowing patients to outlive their debilitating symptoms.
The NuroPro Test is currently in the development stages. The company has completed proof-of-concept and clinical validation studies, with results exceeding expectations. Currently, Power3 Medical has commenced a three hundred patient clinical validation study of its NuroPro diagnostic test for Alzheimer’s disease and Parkinson’s disease.
For more information about Power3 Medical Products, Inc., please visit http://www.power3medical.com
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People’s United Financial Inc. (Nasdaq:PBCT) announced that it has completed its acquisition of Danvers Bancorp, Inc., a $2.9 billion bank holding company based in Danvers, Massachusetts. Danvers Bancorp’s sole subsidiary, Danversbank, has 28 branches in the Greater Boston area. The total consideration paid by People’s United will be comprised of approximately 18.5 million shares of common stock and $214.5 million in cash. “We are pleased to welcome our new customers and employees to People’s United Bank as we expand and deepen relationships in the greater Boston market, the nation’s 10th largest MSA,” said Jack Barnes, President and Chief Executive Officer of People’s United Bank. “As the largest bank headquartered in New England, we look forward to offering increased lending resources and additional products and services to our new customers in New England’s largest market.
People’s United Financial, Inc. operates as the bank holding company for People’s United Bank that provides commercial banking, retail and business banking, and wealth management services to individual, corporate, and municipal customers.
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Good Times Restaurants Inc. (Nasdaq:GTIM) announced its eleventh consecutive month of same store sales increases with June sales increasing 5.1% from the prior year and that its same store sales for the third quarter of fiscal 2011 increased 6.1%. Year to date for the first nine months of the fiscal year same store sales have increased 8.3%. Commenting on the sales improvement, President & CEO, Boyd Hoback said, “While there has been some rising of the tide from the macro-economic environment, we continue to see good results from our promotional and product strategy, with the focus on fresh, handcrafted food and products available only at Good Times. This has favorably impacted our average check per transaction and helped to mitigate some of the commodity cost increases and margin loss.”
Good Times Restaurants, Inc., through its subsidiary, Good Times Drive Thru Inc., engages in developing, owning, operating, and franchising hamburger-oriented drive-through restaurants under the Good Times Burgers & Frozen Custard name primarily in Colorado.
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AmSurg Corp. (Nasdaq:AMSG) announced it will provide an on-line Web simulcast and rebroadcast of its 2011 second quarter earnings release conference call. The live broadcast of AmSurg Corp.’s quarterly conference call will be available on-line by going to http://www.amsurg.com and clicking on the link to Investor Relations, or at http://www.earnings.com. The call is scheduled to begin at 5:00 p.m. Eastern Time on Thursday, July 21, 2011. The on-line replay will follow shortly after the call and continue for 30 days.
AmSurg Corp., through its wholly owned subsidiaries, engages in the development, acquisition, and operation of ambulatory surgery centers in partnership with physicians in the United States.
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Advanced Energy Industries, Inc. (Nasdaq:AEIS) updated its outlook for the quarter ended June 30, 2011. Based on preliminary financial data, the company now expects to report revenue between $137 million and $140 million for the second quarter of 2011, below the range of $148 million to $160 million it projected on May 2, 2011, and earnings at the low end of, or slightly lower than the range it projected on May 2, 2011.
Advanced Energy Industries, Inc., together with its subsidiaries, designs, manufactures, sells, and supports industrial power conversion products that transform power into various usable forms.
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