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USA Technologies, Inc. (NASDAQ:USAT), a leading supplier of networked devices and wireless non-cash transactions, associated financial/network services and energy management, and Shareholder Advocates for Value Enhancement (“SAVE”) announced today that they have reached an agreement to settle the proxy contest related to the Company’s 2010 annual meeting of shareholders originally scheduled for December 15, 2009 and postponed until June 15, 2010.
Power 3 Medical Products Inc. (PWRM.OB), is pleased to announce that the company will be a sponsor and have an exhibit booth at the 4th Annual Conference of the Alzheimer’s Drug Discovery Foundation on Drug Discovery for Neurodegeneration in Houston on February 1-2, 2010.
Web Site: http://www.Power3Medical.com
Inhibitex, Inc. (Nasdaq: INHX) (the “Company”), a biopharmaceutical company focused on developing products to treat serious infectious diseases, announced today that it has received notice from The NASDAQ Stock Market (”Nasdaq”) stating that, as the bid price of the Company’s common stock has closed at or above $1.00 per share for 10 consecutive business days, the Company has regained compliance with Nasdaq’s Listing Rule 5550(a)(2) and its delisting matter has been closed. Accordingly, the Company is currently in full compliance with all listing requirements of the Nasdaq Capital Market.
TaxMasters, Inc. (TAXS.OB), the IRS tax relief company, announced an increase in operational efficiency across the company’s operations and customer relationship management (CRM). The changes include an up to 50% improvement in customer response and case completion time, and a decrease in operational costs. These improvements are the result of a strategic review TaxMasters undertook in April, 2009, to increase productivity, improve customer service, and better address rising demand for its services.
Website: http://www.txmstr.com
Saehan Bancorp (OTCBB:SAEB), announced today that its subsidiary, Saehan Bank, received approval from the California Department of Financial Institutions and the Federal Deposit Insurance Corporation for an extension on the due date for compliance with certain capital ratio requirements. Under the terms of the consent order with the DFI and FDIC, which became effective as of December 7, 2009, Saehan Bank was required to attain a Tier 1 capital leverage ratio of 8% by February 5, 2010 and 10% by March 8, 2010. Today, the DFI and FDIC agreed to extend the due date for compliance from February 5, 2010 to March 8, 2010 while maintaining the requirement that Saehan Bank attain a Tier 1 capital leverage ratio of 10% by such date.
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