BUSINESS NOTES\EARNINGS.Byline: Daily News Channel Islands National Bank reported net income of $600,004 ($1.31 per share) for 1995, compared with $408,380 (89 cents) the previous year. Total assets for the Oxnard-based bank grew by 17 percent during the year. Pacific Crest Capital Inc. reported net income of $3.2 million for 1995, compared with a net loss of $6.5 million in 1994. Net income for the fourth quarter was $969,000 compared with a net loss of $5.0 million for the fourth quarter of 1994. Pacific Crest Capital is a financial institution holding company in Agoura Hills. View Tech Inc. reported a second-quarter loss of $144,707 (5 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. ) for the period ending Dec. 31, compared with net income of $182,857 (11 cents) for the second quarter of 1994. Earnings for the period, however, gained 48 percent to $2.98 million, compared with $2.0 million for the same period in 1994. Officials said expenses related to the company's expansion in other states contributed to the loss. Camarillo-based View Tech markets, integrates and installs video communication systems and related products. Flamemaster Corp. reported net earnings of $52,389 on revenues of $743,306 for the first quarter ended Dec. 31, compared to net earnings of $38,781 on revenues of $621,969 in the year-earlier period. The Simi Valley-based company is a specialty chemicals manufacturer of high performance sealants, adhesives and coatings. DEALS Electronic Clearing House Inc. has signed a deal with Gallup Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks in New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). to provide credit card processing services under Electronic Clearinghouse's Agent Bank Program. Gallup Federal Savings Bank has assets of $55 million and will market merchants for credit card processing in metropolitan Gallup and McKinley County areas of New Mexico. Agoura Hills-based Electronic Clearing House provides point-of-sale equipment, credit card processing and check guarantee services. Westcord Concord Commercial Group has agreements with three retail outlets to help them in site selection in Ventura and Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County. Mi Pollo Inc., a El Pollo Loco El Pollo Loco is a fast-food restaurant chain and Mexican grilled chicken franchise. "El Pollo Loco" is Spanish for "The Crazy Chicken". Juan Francisco Ochoa started the restaurant in Guasave, Mexico, in 1975. franchise, has hired Westcord exclusively for Ventura County sites. Xpert Tune, a Florida-based company, has hired Westcord to develop sites in Los Angeles County, and Discount Tires has retained Westcord to renew its leases as well as scout new locations in five states. Westcord is a commercial network of real estate brokers and agents with offices in Van Nuys and Westlake Village. BioSource International Inc. has signed a letter of intent with Nordion International Inc., an Ontario, Canada, company, to acquire Nordion's assets related to the in vitro in vitro /in vi·tro/ (in ve´tro) [L.] within a glass; observable in a test tube; in an artificial environment. in vi·tro adj. In an artificial environment outside a living organism. business of Medgenix Diagnostics, S.A. The Belgium-based company is a manufacturer of ELISA ELISA (e-li´sah) Enzyme-Linked Immuno-Sorbent Assay; any enzyme immunoassay using an enzyme-labeled immunoreactant and an immunosorbent. ELISA n. test kits and a variety of other products for the research and human diagnostic markets. The acquisition will provide BioSource with a European-based manufacturing capability. BioSource is a Camarillo-based supplier of immunological reagents and test kits used in biomedical research Biomedical research (or experimental medicine), in general simply known as medical research, is the basic research or applied research conducted to aid the body of knowledge in the field of medicine. . PEOPLE Halsted Communications Inc. has named Jim Vidakovich as a senior associate responsible for advising clients on the use of multimedia tools. Vidakovich is a former reporter and spent 11 years with Children's Television Workshop Children's Television Workshop: see Cooney, Joan Ganz. . Halsted has offices in Ventura, Los Angeles and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . Larri E. Jones of Ventura has been promoted to director of Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, business development for the Chicago Title Co. Jones will be involved in the planning and implementation of the company's business development activities in the region. John H. Peckham has been named the top commercial real estate broker in 1995 for Grubb & Ellis Co.'s Tri-counties district. Peckham is a senior vice president who heads up the company's Santa Barbara Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. office. The other top five producers were: James Duke Gloyd of Ventura, Eric T. Voulgaris of Santa Barbara, Bruce A. Boring of Ventura and Michael D. Blahosky of Oxnard. BCC (Blind Carbon Copy) The field in an e-mail header that names additional recipients for the message. It is similar to carbon copy (cc), but the names do not appear in the recipient's message. Not all e-mail systems support the bcc feature. See fcc. Video/Screenworks has named Joe Barry as senior operations manager at the Agoura Hills-based daylight video screen provider. Barry, who will supervise the firm's overall operations, previously spent 14 years as production manager at Irvine Meadows Amphitheatre. AWARDS Denise Burrows, owner and president of Capital Relations in Westlake Village, has been awarded the 1995 Britannicus Award for Community Service. Burrows was selected for her company's support of community and educational programs. Capital Relations provides high-technology marketing and public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most services. Three Ventura County physicians have been named winners of the 1996 David C. Fainer, M.D. Awards, according to the Ventura County Medical Resource Foundation. Clyde A. Kirchoff of Santa Paula was named Physician Emeritus; and Joan E. Goforth Baumer and Nat Baumer will share the Physician of the Year Award. Elaine Tennen was named the first recipient of the David C. Fainer Nursing Award. Channel Islands Financial and Insurance Services has been nominated as a "Best of Business" in the financial services category of the Business Digest Poll for 1996. The Ventura-based company assists clients in the areas of life, health, disability income, annuities and investments. DONATIONS The Simi Hills Men's Golf Club has donated $1,200 to the Special Awareness Computer Center on Sycamore Drive in Simi Valley. The center trains children and adults who need adaptive computer access. Teradyne Inc. has donated $50,000 to the Alliance for the Arts Civic Arts Plaza endowment fund. The Agoura Hills-based company is the world's largest supplier of automatic test equipment for the electronics industry. FINANCES BioSource International Inc. will make a public offering of up to 2,300,000 shares of its common stock. Up to 300,000 shares may be offered by certain selling shareholders, none of whom is an officer or director of the company. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the offering will be used to fund the company's recently announced planned acquisition of Medgenix Diagnostics, S.A. BioSource International is a Camarillo-based supplier of immunological reagents and test kits used in biomedical research. |
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