понедельник, 20 февраля 2012 г.

Huge Alert On: (OTCBB:DSNY) - (OTCBB:PPBL) - (OTCBB:JFWV).

M2 PRESSWIRE-January 21, 2011-OTC ADVISORS, LLC: Huge Alert On: (OTCBB:DSNY) - (OTCBB:PPBL) - (OTCBB:JFWV)(C)1994-2011 M2 COMMUNICATIONS

RDATE:21012011

Rochester NY -- www.otc-advisors.com names (OTCBB:DSNY) Destiny Media Technologies, Inc. , (OTCBB:PPBL) Premiere Publishing Group, Inc. and (OTCBB:JFWV) Jefferson Security Bank its "Bulls of the day"!

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About Destiny Media Technologies

Destiny Media (http://www.dsny.com) is the developer of the Play MPE(r) system (http://www.plaympe.com) which the recording industry uses to securely distribute new pre-release music through the internet to trusted recipients such as radio, media and VIP's. Real time usage statistics are available at http://www.plaympe.com/v4/company/plaympestats.php and a product overview is available at http://www.dsny.com/pres/index.htm

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/January2011/21/c4229.html

News Today :

VANCOUVER, Jan. 21, 2011 Court Dismisses Yangaroo Counterclaims in Defamation Case

Destiny Media Technologies, Inc. (DSY-TSX, DSNY-OTCBB), is pleased to announce progress in its lawsuit against Yangaroo, John Heaven and Clifford Hunt filed May 4, 2007. Destiny had claimed CDN$25,000,000 in damages for defamation and injurious falsehood, breaches of the Trademarks Act and Competition Act, and interfering with Destiny's economic interests. Yangaroo had filed a counterclaim with similar allegations against Destiny Media and Destiny's CEO, Steve Vestergaard.

Destiny filed a motion to have the counterclaim dismissed in its entirety as frivolous and the motion was heard in court on October 28(th), 2010. On Jan. 20, 2011, Mr. Justice Stanley Kershman announced his verdict. Summary judgment was granted in favour of Destiny in respect of the torts of injurious falsehood and interference with economic relations. Additionally, summary judgment was granted in respect of all claims brought against Mr. Vestergaard in his personal capacity.

The judge also added that, in his view, many of the statements made by Destiny that Yangaroo counterclaimed for were clearly either not defamatory or were justified based upon the evidence filed in the motion. He names a number of statements in his ruling that cannot be fairly characterized as "false or misleading" citing statements that Destiny's system predates Yangaroo's patent and that MPE does not have the essential features necessary to infringe on Yangaroo's patent.

Destiny CEO, Steve Vestergaard reflects on the lawsuit win, "We are pleased that after looking at the evidence, the judge was able to dismiss so much of Yangaroo's counterclaim. This is the second major decision in our favor in our ongoing dispute with this regional competitor. In June 2010, Destiny successfully won a fast track motion to dismiss a frivolous patent infringement case."

Destiny's $25 million claim against Yangaroo remains unchanged and will proceed to trial.

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About Premiere Publishing Group, Inc.

The company will be making a transition from a publishing company to a company exploring opportunities in fragmented industries where there is the potential to initiate a "roll-up" strategy which will be driven by leveraged transactions.

News Today :

TOTOWA, NJ, Jan 21, 2011 Premiere Publishing Group, Inc. (OTCQB: PPBL) (OTCBB: PPBL), in keeping with its posture of increasing shareholder value, is expecting to spin off its Bold Acquisition Corp. subsidiary.

Chris Giordano, Co-Chairman of Premiere Publishing Group, Inc., stated that "We expect to file within the second quarter an S-1 registration statement which will allow us to spin off the Bold Acquisition Corp. subsidiary to our shareholders.

"Bold Acquisition Corp., Inc. will be using its platform as a stand alone public company to seek out other opportunities in the media space which could include but not be limited to magazine publishing companies, movie libraries, sound byte libraries as well as other opportunities in the category.

"We also are exploring some opportunities for our Bold TV division as well. The critical success of the flagship show 'WHO THE HELL IS DAN BRUDER?' has led us to explore some additional programming opportunities that we hope to have closure on in the not too distant future.

"We will be aggressively utilizing the experience and expertise of our team here at Premiere to help finance these opportunities as they present themselves.

"The market is right for the acquisition of certain properties and we have done some exploratory canvassing which led us to discussing the potential of operating sound byte libraries and movie libraries that could be purchased for as little as 2-3 times EBITDA.

"The market for such properties is very depressed and now is the time to try and pursue the acquisition of such companies and or libraries. The market is very fragmented and shows great promise to implement a 'Roll Up' strategy to increase the overall value of the venue rather than relying strictly on 'organic growth.' We feel these acquisitions can be accomplished utilizing a combination of cash, mezzanine financing and equity.

"Rather than have Premiere Publishing Group, Inc. finance those opportunities directly and dilute the common stock at this time we feel it is much more prudent and efficient to use the stand-alone equity of the Bold Acquisition Corp., Inc. subsidiary to finance these opportunities when they present themselves."

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About Jefferson Security Bank

Jefferson Security Bank, founded in 1869, is a community bank engaged in the general banking business in Berkeley County and Jefferson County, West Virginia, and Washington County, Maryland.

News Today:

SHEPHERDSTOWN, W.Va., Jan 21, 2011 Jefferson Security Bank (OTCBB: JFWV) reported net income of $865,296 for the year ended December 31, 2010, an increase of 3.7% or $31,250 when compared to net income of $834,046 for the year ended December 31, 2009. As a result basic and diluted earnings per common share were $3.00 and $2.87 for the years ended December 31, 2010 and 2009, respectively. The return on average assets was 0.33% and the return on average equity was 4.41% for the year ended December 31, 2010. For the year ended December 31, 2009, the return on average assets was 0.35% and the return on average equity was 4.44%.

The Bank's total assets were $265.3 million as of December 31, 2010, an increase of $17.6 million or 7.1% from total assets of $247.7 million as of December 31, 2009. Loans, net of reserve, were $141.3 million as of December 31, 2010, down slightly from $144.2 million as of December 31, 2009. Deposits increased to $243.2 million as of December 31, 2010 from $226.1 million as of December 31, 2009. Consequently, net loans to deposits was 58.1% as of December 31, 2010 compared to 63.8% as of December 31, 2009. Book value was $68.06 per share as of December 31, 2010, an increase $2.34 or 3.6% when compared to $65.72 per share as of December 31, 2009.

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