Press Releases

MANASSAS, Va., Feb. 10, 2012 /PRNewswire-USNewswire/ -- Richard A. Viguerie, the Chairman of ConservativeHQ.com, along with conservative activists Bill Wichterman and Rebecca Hagelin, hosted a luncheon and hour-long question and answer period for 90 national conservative leaders at the Conservative Political Action Conference (CPAC) in Washington, D.C.

"Four weeks ago, a large group of national conservative leaders met in Texas and came to the consensus that we should back Rick Santorum's campaign for President," noted Viguerie. 

"With relatively few resources, but lots of grassroots conservative support, Rick went on to win the Republican contests in Minnesota, Missouri, and Colorado," observed Viguerie. "Today's meeting will build more grassroots conservative momentum behind Rick's campaign."

"Rick Santorum is the only reliable conservative left in the race.  Whatever others may say, no other candidate can be counted on to populate his administration with conservatives the way Santorum can be.  No other candidate can be depended upon to govern as a conservative the way Santorum can be," said Viguerie.

Santorum's unscripted remarks at the luncheon focused on his commitment to the conservative agenda, the importance of the conservative movement in winning the 2012 election, and the important role conservatives will play in a Santorum administration.

"Conservative principles are the things that win elections," said Santorum, who also noted, "Conservatives aren't merely a wing of the Republican Party--they are the Republican Party."

Santorum's biggest applause came when, in a not-so-subtle reference to Mitt Romney, he promised the conservative leaders that, if elected, he "would not walk away from the conservative message. It is who I am.  I do what I do from the heart, not because some consultant or focus group tells me this is what to do or what to say."

"Rick Santorum is no stranger to the conservative movement.  We know Rick Santorum.  He walks with us, eats with us, and prays with us. He has celebrated our victories and mourned our losses," concluded Viguerie.

NOTE TO EDITORS:  Richard A. Viguerie pioneered political direct mail and has been called "one of the creators of the modern conservative movement" (The Nation) and one of the "conservatives of the century"(Washington Times).  He is the author of Conservatives Betrayed: How George W. Bush and Other Big Government Republicans Hijacked the Conservative Cause.

Contact:  Bob Sturm, (703) 396-6974 or Ryan Rogge, (703) 396-6971After 6 PM Eastern & on weekends,(703) 307-8176 or (703) 674-6948 

 

SOURCE ConservativeHQ.com

CALGARY, Feb. 10, 2012 /PRNewswire/ - (TSX-V: PFC) - PetroFrontier Corp.("PetroFrontier") announced today that Peter Philipchuk, Vice President, Exploration, has resigned from PetroFrontier. PetroFrontier thanks Mr. Philipchuk for his service and wishes him well in his future endeavors.

About PetroFrontier Corp.

PetroFrontier is an international oil and gas company engaged in the exploration, acquisition and development of both conventional and unconventional petroleum assets in the Southern Georgina Basin in the Northern Territory, Australia, where it has an approximate 85.5% working interest in 13.6 million gross acres in four exploration permits.  PetroFrontier's head office is in Calgary, Alberta and operations office is in Adelaide, South Australia.

PetroFrontier's common shares are listed on the TSX Venture Exchange under the symbol "PFC".

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE PetroFrontier Corp.

FOLSOM, Calif., Feb. 10, 2012 /PRNewswire/ -- Folsom Lake Bank (OTC Bulletin Board: FOLB), announced unaudited financial results for the quarter and full year ending December 31, 2011. For the year the Bank reported significant growth and improvements over the prior year, with total assets increased by $4.5 million and net income growing 38.7% to $492,960, up from $355,386 in 2010. The Bank reported its eighth profitable quarter with net income of $251,539 for the three-month period ending December 31, 2011, compared to $194,847 for the fourth quarter of 2010, a quarter-to-quarter increase of 29.1%. Earnings per share for the 12-month period ending December 31, 2011, were $0.31 for 2011, which compares favorably to the $0.22 reported for 2010.

Net Interest Income for 2011 was $4,487,083, up $424,624, or 10.5% compared to 2010, reflecting growth in loans as well as a low cost deposit base. General and administrative expenses for the year ending December 31, 2011, were $3,983,750, an increase of $236,872 or 6.3% for 2010. "The Bank continues to focus on moderate and conservative growth and we are pleased to report increases in both revenue and earnings, which supports our model for a classic community bank serving local clients in our local market areas," said Robert J. Flautt, President and CEO.

For the year ended December 31, 2011, total assets were $116.5 million, up 4.0% from the year end totals reported in 2010 of $112.0 million. Total deposits were $97.5 million, up 4.6% from the year earlier $93.1 million; however, checking, savings and money market deposit balances were up $11.7 million, as the Bank continued to focus on core deposit growth. Total loans ended the year at $73.5 million, an increase of $0.8 million from the prior year. According to Flautt, "Our focus over the past year has been on profitability, bringing in new customer deposits and maintaining a high level of liquidity. We are especially proud of the large increase in our relationship deposits including checking, savings and money market deposits over the past year, with core deposits now representing 78.3% of our total deposit base." Investment securities were $29.8 million, up $0.6 million compared to the year December 31, 2010 total of $29.2 million. At year end the bank maintained a healthy loan loss reserve with the Allowance for Loan and Lease Losses (ALLL) at $1,690,756, or 2.3% of loans outstanding.

"Our classic community bank provides local clients in our local communities the best in personal service as we custom tailor banking solutions to fit each client's personal needs – our growth in deposits, loans, revenue and earnings are a testament to the strength of our business model. Although the economic times present some interesting challenges to successfully managing and growing a local independent bank, we have worked hard to position our bank for success even in the current difficult economy. We are committed to focus on the classic community bank values of customer service, local knowledge of our communities, and delivering what the customer needs and wants," concluded Flautt.

At December 31, 2011, shareholders equity totaled $12.6 million and the Bank's Tier 1 Capital Ratio was 10.25% compared to 10.15% at December 31, 2010. Total Risk Based Capital to Risk Weighted Assets was 15.65% for the current quarter compared to 15.43% for year ending December 31, 2010. Both capital ratios are well above minimum regulatory standards to be considered a well-capitalized bank by the FDIC. Liquidity remains healthy at $40.9 million as of December 31, 2011, and a moderate loan to deposit ratio of 75.5%. The Bank's investment portfolio consists primarily of safe U.S. Government agency bonds, mortgage-backed securities and high grade corporate bonds.

The Bank did not participate in the government TARP program or any other government subsidized capital program and has no preferred stock that will need to be repaid and replaced with new capital. The Bank has no sub-prime loans and does not do sub-prime or any predatory lending. Additionally, the Bank participates in the Federal Deposit Insurance Corporation program which provides unlimited FDIC coverage on all non-interest bearing transaction accounts through December 31, 2012.

The Bank continues to be involved heavily in the community and in turn enjoys great support from the local customer base. Among the many organizations the Bank supports are: Mercy Hospital Foundation, Sutter Roseville Medical Center Foundation, Folsom Lake College Foundation and Three Stages at Folsom Lake College, Eureka Schools Foundation, Folsom Economic Development Corporation, Folsom Chamber of Commerce, Roseville Chamber of Commerce, Rotary International, Kiwanis, Placer County SPCA, Folsom Pro Rodeo, Folsom Historical Society and The Folsom, El Dorado & Sacramento Historical Railroad Association. Folsom Lake Bank has two locations, one in the heart of the Folsom's historic district on Sutter Street, and one in Roseville on Douglas Boulevard. The Bank is a locally owned and locally operated full service commercial bank focused on small business owners, professionals and individuals in the communities surrounding Folsom Lake. If you would like to receive periodic updates via e-mail, please e-mail RFlautt@FolsomLakeBank.com and we will add you to our email list or call Robert Flautt direct at 916-235-4570.

This correspondence may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act. All of the statements contained in this correspondence, other than statements of historical fact, should be considered forward-looking statements. Although the Bank believes the expectations reflected in those forward-looking statements are reasonable, it can give no assurance that those expectations will prove to have been correct. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and are not intended to give any assurance as to future results.

SOURCE Folsom Lake Bank

PITTSBURGH, Feb. 10, 2012 /PRNewswire-USNewswire/ -- Three rising young classical musicians who happen also to be enrolled in the Pennsylvania Cyber Charter School will be featured in nationwide radio broadcasts of "From the Top," a preeminent showcase for young musicians heard weekly by 700,000 listeners on National Public Radio stations.

PA Cyber students Daniel Orsen, 17, a violist from Pittsburgh, and pianist/composer Aleksandr Voinov, 14, of Sewickley, Pa., will be among teenage musicians on stage at 8 p.m. this Tuesday, Feb. 14, in Pittsburgh's Carnegie Music Hall.

A third PA Cyber Charter School student, Gordon Neidinger, 17, also from Pittsburgh,  traveled to Boston and played the mandolin in a Feb. 4 episode of "From the Top" before a live audience at New England Conservatory's Jordan Hall.

The three PA Cyber students, all of whom are training for high-level careers in music, are acquainted with each other but applied and auditioned completely independently for the chance to perform on the nationally broadcast show. "From the Top" public relations officials said Orsen, Neidinger and Voinov were chosen on their merits; the fact that all three attend the same school was both unusual and coincidental.

PA Cyber CEO Dr. Nick Trombetta said talented, self-motivated students who are achieving at elite levels in music, performing arts, and athletics choose PA Cyber because it gives them the scheduling flexibility to pursue their passions and begin their careers while still in high school.

Parents of the three young musicians cited the quality of instruction and curriculum offered by PA Cyber along with scheduling flexibility as reasons for enrolling. They said their sons practice music four to six hours daily, with frequent intense periods of preparation for performances and competitions – a life schedule hampered by daily attendance requirements of a traditional classroom school. All three have won numerous musical honors, and perform and compete across the country at major events.

PA Cyber is Pennsylvania's first, largest, and most successful public cyber charter school, with an enrollment of 11,000 students in grades K-12. Contacts are www.pacyber.org and 1.888.PACYBER.

In Tuesday's concert at Carnegie Music Hall, Orsen is to play the fourth movement from Sonata in F-minor by Johannes Brahms, accompanied on the piano by "From the Top" host, and Pittsburgh's own, Christopher O'Riley. Voinov is to perform Polonaise in A-flat major, Op. 53 by Frederic Chopin.

(People may purchase tickets to the Pittsburgh show at http://www.showclix.com/event/204745 or calling 1-888-71-TICKETS. Tickets range from $12 to $30 for adults and $6 to $15 for students and senior citizens. To learn more about "From the Top," people may go to www.fromthetop.org.)

The Pittsburgh episode, presented locally by the School of Music at Carnegie Mellon University, will air nationally the week of March 5 and on local media sponsor Classical WQED-FM 89.3 Saturday, March 10, at 5 p.m.

In the Boston show taped on Feb. 4, Neidinger played mandolin, accompanied by host Christopher O'Riley on the piano. Neidinger performed Doina and Variations on the E-flat Sirba, an original composition of his mandolin teacher, Charley Rappaport.

The Boston episode will air nationally the week of Feb. 20,and locally on WQED 89.3FM on Saturday, Feb. 25 at 5 p.m.

About "From the Top"

What began as a radio experiment in 2000 quickly became one of the fastest growing and most popular weekly classical music programs on public radio. Broadcast on nearly 250 stations nationwide to an audience of more than 700,000 listeners each week, "From the Top" has been described by the Boston Globe as, "an entertaining, accessible and inspirational mix of outstanding musical performances, informal interviews, skits and games, the show is a celebration of extraordinary musicians who happen to be teenagers leading fairly normal lives."

Contact: Fred Miller, 724.777.5918

SOURCE PA Cyber Charter School