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Monday October 26, 2009
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Powersafe Technology Corp.�s (Other OTC: PSFT.PK) Subsidiary Amplification Technologies has patented a revolutionary new solid-state semiconductor technology solution for low-level signal detection: multichannel Discrete Amplification (DA). The patented DA platform technology, invented by company scientists, is a breakthrough in the design of photon detectors, providing these detectors with unique competitive advantages. Use of DA in semiconductor detectors increases their sensitivity markedly, and enables the creation of new detector systems for various applications including medical diagnostics, security systems, telecommunications, environmental monitoring and drug discovery.
The Allstate Corporation (NYSE:ALL) today announced that George E. Ruebenson, president, Allstate Protection, will retire effective December 31, 2009, after nearly 40 years of service. As the president of Allstate Protection, Ruebenson has maintained its financial performance in this uncertain economic climate, improved customer loyalty and built a foundation for sustainable growth.
Staples, Inc., (Nasdaq: SPLS) the world’s largest office products company, today announced that the Staples store in Roslindale, located at 4165 Washington Street, is the first Staples store in the Northeast to be awarded Gold certification in Leadership Energy and Environmental Design (LEED) by the U.S. Green Building Council. Jim Hunt, the Chief for Environmental and Energy Services for the City of Boston, joined Staples Vice President of Environmental Affairs Mark Buckley and representatives from the Green Roundtable on Mon., Oct. 26, 2009, for a dedication ceremony honoring this achievement in environmental sustainability.
Ciena(R) Corporation (NASDAQ: CIEN), the network specialist, today announced that its CN 5305(TM) Service Aggregation Switch received the highest possible ranking - 5 out of 5 diamonds - in Broadband Gear Report’s (BGR) 2009 Diamond Technology Reviews. Based on BGR’s product rating system of 0 to 5 diamonds, a score of 5 is considered to be “a superb product that sets a new standard for performance and provides groundbreaking new technical milestones.” Platforms within Ciena’s Carrier Ethernet Service Delivery (CESD) portfolio (CESD) portfolio, which includes CN 5305, have been deployed by more than 100 carriers, wireless service providers, cable operators and new entrants in 25 countries, including recent deployments by Clearwire and Mzima Networks.
Quality Distribution, Inc. (Nasdaq:QLTY) announced that it will participate in the Stephens, Inc. Fall Investment Conference on Wednesday, November 18, 2009 at The New York Palace Hotel in New York, New York. At the conference, Gary Enzor, President and Chief Executive Officer, and Steve Attwood, Senior Vice President and Chief Financial Officer, will present a general overview of Quality’s business at 1:00 p.m. (EST).
Stellar Business Bank (OTCBB: SLRB) announced its third quarter 2009 financial results. As of September 30, 2009, the Bank reported total assets of $105.9 million, total deposits of $82.2 million and net total loans of $34.0 million, which represents an increase of 20%, 21% and 16%, respectively, from the third quarter of 2008, with an additional $3.1 million in unfunded loan commitments, no non-performing loans, and no residential “sub prime” mortgage loans.
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