VANCOUVER, BC / ACCESSWIRE / April 28, 2017 / OSPREY GOLD DEVELOPMENT LTD. (TSX-V: OS) (the “Company” or “Osprey”) is pleased to report that, further to its news release dated March 16th, 2017, it has filed on SEDAR the National Instrument 43-101 “NI 43-101 Independent Technical Report, Goldenville Project, Guysborough County, Nova Scotia”, highlighting the Goldenville Project’s updated gold mineral resources.

As previously reported, the updated estimate yielded an increase of 60% in Inferred ounces (a 72% increase on an uncapped basis) over the previous estimate with an updated Inferred Resource of 2,800,000 tonnes at 3.20 grams per tonne (“g/t”) gold for 288,000 ounces of gold (2,800,000 tonnes at 4.96 g/t gold for 447,000 ounces of gold uncapped). The resource estimate was completed by David G. Thomas, M.Sc., P. Geo. and Neil Pettigrew, M.Sc., P. Geo. of Fladgate Exploration Consulting Corporation (“Fladgate”) based in Thunder Bay, Ontario.

The report titled “NI 43-101 Independent Technical Report, Goldenville Project, Guysborough County, Nova Scotia” is filed on SEDAR and can be viewed on the SEDAR website, www.sedar.com, and the Company’s website: www.ospreygold.com.

About Goldenville and Osprey

Osprey is focused on exploring four historically producing gold properties in Nova Scotia, Canada. Osprey has the option to earn 100% (subject to certain royalties) in all four properties, including the Goldenville Gold Project, Nova Scotia’s largest historic gold producer.

Neil Pettigrew, M.Sc. P.Geo, is a ‘Qualified Person’ for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian securities administrators (“NI 43-101”). He has approved the disclosure of, and is the ‘Qualified Person’ responsible for the scientific and technical information in this news release. He has verified the data disclosed.

ON BEHALF OF OSPREY GOLD DEVELOPMENT LTD.

“Cooper Quinn”
Cooper Quinn, President

For further information please contact Osprey at (236)521-0944 or info@ospreygold.com

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.

All statements in this press release, other than statements of historical fact, are “forward-looking information” with respect to Osprey within the meaning of applicable securities laws. Osprey provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Osprey’s public filings under Osprey’s SEDAR profile at www.sedar.com. Although Osprey has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Osprey disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

SOURCE: Osprey Gold Development, Ltd.

ReleaseID: 461081

VANCOUVER, BC / ACCESSWIRE / April 28, 2017 / Barisan Gold Corporation (TSX-V: BG) (the “Company”) is pleased to announce that on May 2, 2017 the Company shall complete of its previously announced consolidation, private placement and acquisition of the Railroad Valley lithium brine property located in Nevada, and the Black Canyon lithium clay property located in Arizona.

Consolidation

The Company shall complete the consolidation of the Company’s issued and outstanding common shares (the “Common Shares”) on the basis of one (1) post-consolidation Common Share for every five (5) pre-consolidation Common Shares (the “Consolidation”). The Board concluded that the Consolidation would be in the best interests of the Company’s shareholders as it could lead to increased interest by a wider investor audience and better position the Company to obtain financing and pursue acquisition opportunities.

Private Placement

Further to the Company’s news releases dated September 8, 2016 and March 21, 2017, the Company shall complete a private placement of 7,500,000 units, on a post-consolidated basis, at a price of $0.10 per unit for gross proceeds of $750,000. Each unit comprises of one common share of the Company and one non-transferable common share purchase warrant. Each common share purchase warrant is exercisable to acquire one additional common share of the Company for a period of 24 months at a post consolidated price of $0.15 per share purchase warrant.

The Company shall pay a finder’s fee of $800 in connection with the private placement. The Company intends to use the proceeds from the private placement to finance exploration on the Railroad Valley lithium brine property, and the Black Canyon lithium clay property, and to review and assess additional technology metal natural resources exploration and development properties as well as general administrative purposes.

Acquisition of Railroad Valley Lithium Property and the Black Canyon Lithium Property

Further to the Company’s news release dated July 18, 2016, the Company shall complete the acquisition from DG Resource Management Ltd. (“DGRM”) and Arizona Lithium Company Limited (“ALCL”) of the Railroad Valley Lithium Property located in south-central Nevada and consisting of 199 placer claims totalling 9,835 acres (the “Railroad Valley Lithium Property”) and the Black Canyon Lithium Property located in central Arizona and consisting of two exploration permit applications totalling 360 hectares (the “Black Canyon Lithium Property”).

Pursuant to a property purchase agreement among the Company, DGRM and ALCL dated July 15, 2016, the Company shall have paid $100,000 to DGRM and shall issue 4,133,723 common shares, representing 19.99% of the issued and outstanding shares of the Company.

Concurrent with the foregoing, the Company shall change its name to Lithion Energy Corp. with the trading symbol “LNC”.

Neither 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.

To receive or stop receiving BG news via email, please email info@barisangold.com and state your preference in the subject line.

FOR FURTHER INFORMATION, visit the Company’s website at www.barisangold.com, or contact:

Investor Relations
Vancouver
T: +1 604 365 6681
E: info@barisangold.com

Caution Regarding Forward Looking Statements

Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; and general market and mining exploration risks. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof.

SOURCE: Barisan Gold Corporation

ReleaseID: 461072

MONTEREY, CA / ACCESSWIRE / April 28, 2017 / 1st Capital Bank (OTC PINK: FISB) reported unaudited net income of $787 thousand for the three months ended March 31, 2017, an increase of 11.8%, compared to net income of $704 thousand in the first quarter of 2016, and a decrease of 23.6%, compared to income of $1.03 million in the fourth quarter of 2016, the immediately preceding quarter. Earnings per share were $0.18 (diluted), compared to $0.23 (diluted) for the prior quarter.

Total assets grew $3 million in the first quarter, to $553 million at March 31, 2016, compared to $550 million at December 31, 2016. Net loans likewise increased $3 million during the first quarter, from $399 million at December 31, 2016 to $402 million at March 31, 2017. Growth was concentrated in the commercial real estate portfolio, which organically grew $12 million, or 6.0%, in the first quarter, and increased $25.1 million, or 13.6% year over year, from $185 million to $210 million. Commercial and industrial loans declined $671 thousand, or 1.5%, sequentially on lower utilization, while single-family residential loans declined $9.0 million, or 6.8%, as a result of normal amortization and prepayments. Because of favorable changes in the loan portfolio mix and continuing declines in historical loss rates, no provision for loan losses was required in any of the first quarter of 2017, the fourth quarter of 2016, or the first quarter of 2016.

“We are pleased to report continued double digit annualized growth in additions to our core relationship banking portfolio,” said Thomas E. Meyer, President and Chief Executive Officer. “While at the same time, we have diversified into selected consumer products and have begun to recognize brokerage fees on single-family mortgages and are now taking applications for home equity lines of credit. These efforts complement our efforts to build fee income from commercial accounts through a new and upgraded account analysis system and new relationships with money service businesses. Most significantly, our government-guaranteed loan pipeline has grown to $8.8 million in pending applications within our traditional geographic footprint as of March 31, 2017.”

Net interest income before provision for loan losses decreased $121 thousand, or 2.6%, to $4.45 million, compared to $4.57 million in the prior quarter, when the Bank recognized $78 thousand in interest in connection with the payoff of a nonaccrual loan and a $117 thousand special dividend declared by the Federal Home Loan Bank of San Francisco. Net interest margin declined from 3.41% in the fourth quarter of 2016 to 3.36% in the first quarter of 2017, reflecting the aforementioned items and greater on-balance sheet liquidity driven by seasonally higher deposits.

Non-interest income increased $43 thousand, or 20.4%, from $213 thousand in the fourth quarter of 2016 to $256 thousand in the first quarter of 2017, as various fee income initiatives began to show demonstrative results. Deposits placed into the off-balance sheet Insured Cash Sweep (“ICS”) program increased from $24 million as of December 31, 2016 to $52 million as of March 31, 2017. These deposits, which can be moved onto the Bank’s balance sheet at the Bank’s discretion, provided $18 thousand in non-interest income in the first quarter of 2017, compared to $3 thousand in the fourth quarter of 2016.

The Bank’s efficiency ratio increased from 66.0% in the fourth quarter of 2016 to 72.4% in the first quarter of 2017, as the Bank added staff in its government-guaranteed and single-family residential lending units, where expense growth outpaced the quarterly increase in revenues.

NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES

Net interest income before provision for credit losses was $4.45 million in the first quarter of 2017, a decrease of $121 thousand, or 2.6%, compared to $4.57 million in the fourth quarter of 2016, and an increase of $299 thousand, or 7.2%, compared to $4.15 million in the first quarter of 2016.

Average earning assets were $537 million during the first quarter of 2017, an increase of 0.7%, compared to $533 million in the fourth quarter of 2016. The yield on earning assets was 3.48% in the first quarter of 2017, compared to 3.53% in the fourth quarter of 2016, primarily due to a decrease in the average balance of loans from $409 million in the fourth quarter of 2016 to $400 million in the first quarter of 2017. In addition, interest and dividend income included $78 thousand of interest recognized in connection with the payoff of a non-accrual loan and a special dividend of $117 thousand declared by the Federal Home Loan Bank of San Francisco in the fourth quarter of 2016. The average balance of the investment portfolio decreased $6 million, from $82 million in the fourth quarter of 2016 to $76 million in the first quarter of 2017, reflecting normal amortization and prepayments on the Bank’s investments in mortgage-backed securities and collateralized mortgage obligations. The yield on the investment portfolio increased from 0.93% in the third quarter of 2016 to 1.03% in the fourth quarter of 2016 and 1.31% in the first quarter of 2017.

The cost of interest-bearing liabilities declined from 0.25% in the first quarter of 2016 to 0.22% in the fourth quarter of 2016 and the first quarter of 2017, while the average balance of interest-bearing liabilities decreased from $285 million in the first quarter of 2016 to $277 million in the fourth quarter of 2016 and increased to $278 million in the first quarter of 2017, as the Bank experienced normal seasonal fluctuations in deposits, particularly from larger depositors, and managed its leverage ratio, primarily with the ICS program. The average balance of noninterest-bearing demand deposit accounts increased from $196 million, or 40.7% of total deposits, in the first quarter of 2016 to $215 million, or 43.7% of total deposits, in the fourth quarter of 2016, and $220 million, or 44.2% of total deposits in the first quarter of 2017. The Bank’s overall cost of funds decreased, from 0.15% in the first quarter of 2016 to 0.13% in the fourth quarter of 2016 and the first quarter of 2017.

“During the first quarter of 2017, we continued to experience deposit inflows, while interest rates in our market remained stable. This environment, together with our strong portfolio of demand deposits, which made up 44.2% of average deposits in the first quarter, allowed us to maintain our overall cost of funds at 0.13%,” noted Michael J. Winiarski, Chief Financial Officer.

PROVISION FOR CREDIT LOSSES

The provision for credit losses is a charge against current earnings in an amount determined by management to be necessary to maintain the allowance for loan losses at a level sufficient to absorb estimated probable losses inherent in the loan portfolio in light of losses historically incurred by the Bank and adjusted for qualitative factors associated with the loan portfolio.

The Bank did not record a provision for loan losses in the first or fourth quarter of 2016 or the first quarter of 2017, reflecting reductions in the level of criticized assets, changes in the mix of loan types within the portfolio and their respective historical loss rates, and management’s assessment of the amounts expected to be realized from certain loans identified as impaired. Impaired loans totaled $8.0 million at March 31, 2017, compared to $8.0 million at December 31, 2016, and $9.6 million at March 31, 2016.

At March 31, 2017, non-performing loans were 0.03% of the total loan portfolio, compared to 0.03% at December 31, 2016 and 0.44% at March 31, 2016. At March 31, 2017, the allowance for loan losses was 1.52% of outstanding loans, compared to 1.55% at December 31, 2016 and 1.56% at March 31, 2016, respectively. The Bank recorded net charge-offs of $59 thousand in the first quarter of 2017, compared to net recoveries of $12 thousand and $19 thousand in the fourth quarter and first quarters of 2016, respectively.

NON-INTEREST INCOME

Non-interest income recognized in the first quarter of 2017 was $256 thousand, including $76 thousand in gain on sale of Small Business Administration (“SBA”) guaranteed loans, compared to $213 thousand in the fourth quarter of 2016, after making certain reclassifications to fee income. The Bank recognized $78 thousand in gain on sale of SBA loans in the fourth quarter of 2016 and no such gains in the first quarter of 2016. Overall, this represents an increase non-interest income of $43 thousand compared to fourth quarter of 2016, and an increase of $159 thousand compared to the first quarter of 2016, when non-interest income totaled $97 thousand.

Management has been actively seeking to increase non-interest income across a range of sources, including account analysis fees, lockbox service fees, and mortgage brokerage fees. In addition, in the fourth quarter of 2016, the Bank increased its investment in Bank-owned life insurance (“BOLI”) policies by $5.0 million, from $2.4 million to $7.4 million. BOLI dividend income increased from $14 thousand in the third quarter of 2016 to $38 thousand in the fourth quarter of 2016 and $54 thousand in the first quarter of 2017.

NON-INTEREST EXPENSES

Non-interest expenses increased $238 thousand, or 7.5%, to $3.41 million in the first quarter of 2017, compared to $3.17 million for the fourth quarter of 2016, and increased $347 thousand, or 11.3%, compared to $3.06 million recognized in the first quarter of 2016.

Salaries and benefits increased $281 thousand, or 14.7%, to $2.19 million in the first quarter of 2017 from $1.91 million in the fourth quarter of 2016 and increased $297 thousand, or 15.7%, compared to $1.89 million in the first quarter of 2016. These increases reflect the hiring primarily of loan production personnel, including those specializing in government-guaranteed lending and single-family residential lending to support the introduction of home equity lines of credit and the Bank’s mortgage brokerage program. From the fourth quarter of 2016 to the first quarter of 2017, base salaries and wages increased $117 thousand, or 7.8%, from $1.49 million to $1.60 million, health insurance premiums increased $23 thousand, or 17.4%, from $136 thousand to $159 thousand, and the employer’s portion of payroll taxes increased $109 thousand, or 121.1%, from $90 thousand to $199 thousand, reflecting the seasonal pattern of such taxes. Payroll taxes increased $44 thousand, or 28.0%, year over year. Other non-interest expenses reflect a reclassification of certain electronic transaction fees, but were otherwise relatively unchanged.

The efficiency ratio (non-interest expenses divided by the sum of net interest income before provision for loan losses and non-interest income) was 72.4% for the first quarter of 2017, compared to 66.0% for the fourth quarter of 2016 and 71.9% for the first quarter of 2016. Annualized non-interest expenses as a percent of average total assets were 2.53%, 2.33%, and 2.31% for the first quarter of 2017, the fourth quarter of 2016, and the first quarter of 2016, respectively.

PROVISION FOR INCOME TAXES

The Bank’s effective book tax rate was 39.4% in the first quarter of 2017, compared to 36.2% for the fourth quarter of 2016 and 40.7% for the first quarter of 2016. The lower effective rate in the fourth quarter or 2016 reflects the settlement of certain disputed Enterprise Zone interest deductions dating from 2011.

About 1st Capital Bank

The Bank’s primary target markets are commercial enterprises, professionals, real estate investors, family business entities, and residents along the Central Coast Region of California. The Bank provides a wide range of credit products, including loans under various government programs such as those provided through the U.S. Small Business Administration (“SBA”) and the U.S. Department of Agriculture (“USDA”). A full suite of deposit accounts is also furnished, complemented by robust cash management services. The Bank operates full service branch offices in Monterey, Salinas, King City, and San Luis Obispo. The Bank’s corporate offices are located at 5 Harris Court, Building N, Monterey, California 93940. The Bank’s website is www.1stCapital.bank. The main telephone number is 831.264.4000. The primary facsimile number is 831.264.4001.

Member FDIC / Equal Opportunity Lender / SBA Preferred Lender

Forward-Looking Statements

Certain of the statements contained herein that are not historical facts are “forward-looking statements” within the meaning of and subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may contain words or phrases including, but not limited, to: “believe,” “expect,” “anticipate,” “intend,” “estimate,” “target,” “plans,” “may increase,” “may fluctuate,” “may result in,” “are projected,” and variations of those words and similar expressions. All such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that might cause such a difference include, among other matters, changes in interest rates; economic conditions including inflation and real estate values in California and the Bank’s market areas; governmental regulation and legislation; credit quality; competition affecting the Bank’s businesses generally; the risk of natural disasters and future catastrophic events including terrorist related incidents and other factors beyond the Bank’s control; and other factors. The Bank does not undertake, and specifically disclaims any obligation, to update or revise any forward-looking statements, whether to reflect new information, future events, or otherwise, except as required by law.

This news release is available at the www.1stCapital.bank internet site for no charge.

For further information, please contact:

Thomas E. Meyer
President and Chief Executive Officer
831.264.4057 office
Tom.Meyer@1stCapitalBank.com

or

Michael J. Winiarski
Chief Financial Officer
831.264.4014 office
Michael.Winiarski@1stCapitalBank.com

1ST CAPITAL BANK

CONDENSED FINANCIAL DATA

(Unaudited)

(Dollars in thousands, except share and per share data)

March 31,

December 31,

September 30,

March 31,

Financial Condition Data 1

2017

2016

2016

2016

Assets

Cash and due from banks

$
20,999

$
2,754

$
3,585

$
4,300

Funds held at the Federal Reserve Bank 2

37,975

50,884

17,482

84,490

Time deposits at other financial institutions

747

2,490

996

4,233

Available-for-sale securities, at fair value

73,504

77,870

84,175

76,869

Loans receivable held for investment:

Construction / land (including farmland)

20,155

18,993

16,453

16,403

Residential 1 to 4 units

113,397

120,983

127,010

122,437

Home equity lines of credit

10,207

11,609

11,578

7,342

Multifamily

53,471

53,338

53,763

44,360

Owner occupied commercial real estate

61,182

50,887

52,526

55,450

Investor commercial real estate

95,485

94,018

94,378

85,238

Commercial and industrial

44,548

45,219

47,440

42,802

Other loans

10,108

10,259

9,259

5,791

Total loans

408,553

405,306

412,407

379,823

Allowance for loan losses

(6,208
)

(6,267
)

(6,255
)

(5,940
)

Net loans

402,345

399,039

406,152

373,883

Premises and equipment, net

1,824

1,477

1,433

1,537

Bank owned life insurance

7,487

7,433

2,395

2,365

Investment in FHLB 3 stock, at cost

2,939

2,939

2,939

2,593

Accrued interest receivable and other assets

5,668

5,041

4,551

4,089

Total assets

$
553,488

$
549,927

$
523,708

$
554,359

Liabilities and shareholders’ equity

Deposits:

Noninterest bearing demand deposits

$
211,599

$
239,799

$
191,079

$
193,334

Interest bearing checking accounts

36,907

33,888

36,479

30,154

Money market deposits

126,638

113,289

120,181

143,616

Savings deposits

115,094

100,601

113,052

124,759

Time deposits

13,181

13,044

14,503

15,511

Total deposits

503,419

500,621

475,294

507,374

Accrued interest payable and other liabilities

1,283

1,661

1,403

1,554

Shareholders’ equity

48,786

47,645

47,011

45,431

Total liabilities and shareholders’ equity

$
553,488

$
549,927

$
523,708

$
554,359

Shares outstanding

4,374,209

4,350,721

4,127,686

4,090,186

Nominal and tangible book value per share

$
11.15

$
10.96

$
11.23

$
11.11

Ratio of net loans held for investment

to total deposits

79.92
%

79.71
%

85.45
%

73.69
%

1 = Loans held for investment are presented according to definitions applicable to the regulatory Call Report.
2 = Includes cash letters in the process of collection settled through the Federal Reserve Bank.
3 = Federal Home Loan Bank

1ST CAPITAL BANK

CONDENSED FINANCIAL DATA

(Unaudited)

(Dollars in thousands, except share and per share data)

Three Months Ended

March 31,

December 31,

September 30,

March 31,

Operating Results Data 1

2017

2016

2016

2016

Interest and dividend income

Loans

$
4,187

$
4,298

$
4,028

$
4,020

Investment securities

246

213

203

190

Federal Home Loan Bank stock

70

169

64

52

Other

102

48

48

70

Total interest and dividend income

4,605

4,728

4,343

4,332

Interest expense

Interest bearing checking

4

5

3

3

Money market deposits

78

75

79

86

Savings deposits

64

69

68

78

Time deposits

8

7

11

13

Total interest expense on deposits

154

156

161

180

Interest expense on borrowings

—

—

—

—

Total interest expense

154

156

161

180

Net interest income

4,451

4,572

4,182

4,152

Provision for loan losses

—

—

255

—

Net interest income after provision

for loan losses

4,451

4,572

3,927

4,152

Noninterest income

Service charges on deposits

52

41

32

35

BOLI dividend income

54

38

14

15

Gain on sale of loans

72

78

—

—

Other

78

56

58

47

Total noninterest income

256

213

104

97

1ST CAPITAL BANK

CONDENSED FINANCIAL DATA

(Unaudited)

(Dollars in thousands, except share and per share data)

Three Months Ended

March 31,

December 31,

September 30,

March 31,

2017

2016

2016

2016

Noninterest expenses

Salaries and benefits

2,191

1,910

1,801

1,894

Occupancy

229

250

231

222

Data and item processing

135

154

149

148

Professional services

124

205

108

82

Furniture and equipment

124

127

114

123

Provision for unfunded loan

commitments

18

(9
)

(10
)

15

Other

587

533

550

577

Total noninterest expenses

3,408

3,170

2,943

3,061

Income before provision for income taxes

1,299

1,615

1,088

1,188

Provision for income taxes

512

585

443

484

Net income

$
787

$
1,030

$
645

$
704

Common Share Data 2

Earnings per share

Basic

$
0.18

$
0.24

$
0.15

$
0.16

Diluted

$
0.18

$
0.23

$
0.15

$
0.16

Weighted average shares outstanding

Basic

4,374,209

4,340,153

4,329,406

4,276,215

Diluted

4,444,823

4,392,963

4,377,177

4,326,712

1 = Certain reclassifications have been made to prior period financial statements to conform them to the current period presentation.
2 = Earnings per share and weighted average shares outstanding have been restated to reflect the effect of the 5% stock dividend declared November 23, 2016 and paid December 15, 2016.

1ST CAPITAL BANK

CONDENSED FINANCIAL DATA

(Unaudited)

(Dollars in thousands)

March 31,

December 31,

September 30,

March 31,

Asset Quality

2017

2016

2016

2016

Loans past due 90 days or more and accruing

interest

$
—

$
—

$
—

$
—

Nonaccrual restructured loans

—

—

1,465

1,507

Other nonaccrual loans

124

139

154

183

Other real estate owned

—

—

—

—

$
124

$
139

$
1,619

$
1,690

Allowance for loan losses to total loans

1.52
%

1.55
%

1.52
%

1.56
%

Allowance for loan losses to nonperforming loans

5,006.45
%

4,508.63
%

386.35
%

351.48
%

Nonaccrual loans to total loans

0.03
%

0.03
%

0.39
%

0.44
%

Nonperforming assets to total assets

0.02
%

0.03
%

0.31
%

0.30
%

Regulatory Capital and Ratios

Common equity tier 1 capital

$
49,137

$
48,093

$
46,924

$
45,230

Tier 1 regulatory capital

$
49,137

$
48,093

$
46,924

$
45,230

Total regulatory capital

$
53,889

$
52,740

$
51,469

$
49,423

Tier 1 leverage ratio

8.97
%

8.89
%

8.94
%

8.58
%

Common equity tier 1 risk based capital ratio

12.98
%

12.99
%

12.97
%

13.56
%

Tier 1 risk based capital ratio

12.98
%

12.99
%

12.97
%

13.56
%

Total risk based capital ratio

14.23
%

14.25
%

14.23
%

14.52
%

Three Months Ended

March 31,

December 31,

September 30,

March 31,

Selected Financial Ratios 1

2017

2016

2016

2016

Return on average total assets

0.58
%

0.76
%

0.49
%

0.54
%

Return on average shareholders’ equity

6.61
%

8.59
%

5.48
%

6.24
%

Net interest margin

3.36
%

3.41
%

3.20
%

3.20
%

Net interest income to average total assets

3.30
%

3.36
%

3.17
%

3.17
%

Efficiency ratio

72.40
%

66.04
%

68.45
%

71.86
%

1 = All Selected Financial Ratios are annualized other than the Efficiency Ratio.

Three Months Ended

March 31,

December 31,

September 30,

March 31,

Selected Average Balances

2017

2016

2016

2016

Gross loans

$
400,404

$
409,396

$
389,580

$
379,982

Investment securities

76,057

82,195

87,364

79,454

Federal Home Loan Bank stock

2,939

2,939

2,939

2,593

Other interest earning assets

57,376

38,453

39,513

60,156

Total interest earning assets

$
536,776

$
532,982

$
519,396

$
522,185

Total assets

$
546,805

$
540,925

$
524,905

$
527,468

Interest bearing checking accounts

$
34,223

$
35,366

$
32,142

$
31,567

Money market deposits

121,748

114,818

121,476

123,018

Savings deposits

108,703

112,046

113,052

109,319

Time deposits

13,097

14,287

15,062

21,335

Total interest bearing deposits

277,771

276,517

281,732

285,239

Noninterest bearing demand deposits

219,807

214,675

194,335

195,684

Total deposits

$
497,578

$
491,192

$
476,067

$
480,923

Borrowings

$
—

$
—

$
65

$
—

Shareholders’ equity

$
48,260

$
47,722

$
46,844

$
45,405

SOURCE: 1st Capital Bank

ReleaseID: 461054

CALGARY, ALBERTA / ACCESSWIRE / April 28, 2017 / Chelsea Oil & Gas Ltd. (OTC PINK: COGLF) (“Chelsea”) announces that it has filed its audited consolidated financial statements and accompanying notes for the years ended December 31, 2016, 2015 and 2014, and its related management’s discussion and analysis with applicable Canadian securities regulatory authorities.

Chelsea also announces filing of its December 31, 2016 annual information form (“AIF”). The AIF includes the reserves data and other oil and gas information for the year ended December 31, 2016 in accordance with National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities.

Copies of these documents may be obtained through the Internet on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com.

For further information, contact:

Chelsea Oil & Gas Ltd.
+1 (403) 457 1959
info@chelseaoilandgas.com
www.chelseaoilandgas.com

SOURCE: Chelsea Oil & Gas Ltd.

ReleaseID: 461062

DANBURY, CT / ACCESSWIRE / April 28, 2017 / A business model that was once solely in marketing tool kits of book publishers and CD clubs has gone main stream as marketers in all industry verticals are awakening to a significant change in consumer preferences and buying patterns. It has become very clear that today’s consumer desires a stronger relationship between their needs and brand offerings. The millennial consumer has already demonstrated their affinity to brands that provide a high level of convenience in serving their ongoing needs through subscription services.

$1 billion sale of the Dollar Shave Club, a five year old razor start-up that utilized creativity, technology, and an effective subscription model to disrupt a multi-billion dollar industry is a case in point. The meteoric rise of Dollar Shave Club has demonstrated to marketing organizations that the time is now to transform their thinking and channel strategies to embrace an incremental business model that engages with prospects and customers in a new way. The key to success with a subscription relationship with consumers has its foundation in a highly robust and flexible ecosystem that integrates seamlessly at each customer touchpoint with a brand. It is critical that brands understand the role of creative design, competitive offer development, messaging optimization & targeted media strategies as mission critical components of building a successful and profitable relationship with customers through this channel.

In virtually every industry, vertical “subscription” business models are expanding and growing in popularity. A record number of brands have introduced new weekly, monthly, and unlimited customer engagement & service based plan offerings. The trend continues to intensify this year with some of the world’s largest corporations evolving their sales methods and channels to meet this growing demand of customers for a greater connection between brand and end consumer. While the benefits to the individual sale remain, it is the subscription model that inherently supports the potential for the building and sustaining of life-time value between the consumer and the subscription offer and company. In a highly competitive market place, a business model that opens up a direct to consumer channel must be a key component of a revenue driving strategy.

The experts at Fosina Marketing Group have been providing a suite of services and capabilities that allow for the construction and development of a direct to consumer subscription strategy and infrastructure. Founded in 2003, Fosina Marketing is a leading full-service, online subscription marketing agency that provides clients with strategic insight, tactics, and message optimization in order to maximize marketing investments. Fosina excels at monitoring real time shifts in technology and consumer purchasing behavior in order to create leverage for their clients and optimize customer acquisition strategies. The experts at Fosina Marketing Group have a clear understanding on how to integrate and optimize evolving online strategies, tactics and tools to create successful programs for their clients. The company builds upon their subscription eco-system capabilities and knowledge with a robust Creative and Media Team that provides its customers with a full end to end relationship supporting all of the vital ingredients that insure success in executing client strategies.

In 2011 Fosina Marketing Group launched their own direct-to-consumer, online premium roast coffee company, Amora Coffee. The success of Amora in the highly competitive coffee industry serves as one of the best case studies for the quality of the services and technology platforms being used to launch and sustain a growing subscription based customer engagement business model. Amora is a “Customer Client” of the Fosina Subscription Model Eco-system and benefits from the ongoing optimization available in compelling offer development, creative design and messaging and innovative media targeting and ongoing data & analytics campaign refinement. The growing roster of Fosina Marketing clients have a similar relationship with the company and see the organization as the consultative marketing partner obsessed with their bottom line metrics.

Founded in 2003, Fosina Marketing Group is a leading full-service, online subscription marketing agency that provides clients with strategic insight, tactics, and message optimization in order to maximize marketing investments. Fosina excels at monitoring real time shifts in technology and consumer purchasing behavior in order to create leverage for their clients and optimize customer acquisition & retention strategies. The experts at Fosina Marketing Group have a clear understanding on how to integrate and leverage evolving online strategies in real time as well as deploy tactics and tools to create successful programs for their clients. As a marketer, there is no better partner in this hyper-changing and intensely competitive arena.

Fosina Marketing Group – Leading Digital Marketing Services Company: http://fosinamarketinggroupnews.com
Fosina Marketing Group – LinkedIn: https://www.linkedin.com/company/fosina-marketing-group
Fosina Marketing Group – Home – Facebook: https://www.facebook.com/FosinaMarketingGroup

Jim Fosina’s “Overview” at the Gib Conference 2015 – YouTube: https://www.youtube.com/watch?v=caxgiC7qtbs

Contact Information

FosinaMarketingGroupNews.com
http://fosinamarketinggroupnews.com
contact@fosinamarketinggroupnews.com

SOURCE: Fosina Marketing Group

ReleaseID: 461060

SPRINGFIELD, VA / ACCESSWIRE / April 28, 2017 / Versar, Inc. (NYSE MKT: VSR) today announced its plan to resume making timely filings with the Securities and Exchange Commission after the market’s close on May 10, 2017, when the Company will report its operational performance and financial results for the first, second and third quarters of fiscal 2017.

Versar has scheduled its quarterly investor conference call for 5 p.m. EDT, on May 10, 2017, to discuss its results and business outlook. The dial-in number for the U.S. and Canada is toll free, 866-682-6100. The international dial in number is 862-255-5401. Participants should call in a few minutes before 5 PM Eastern Time.

For those unable to attend the conference call, a replay of the teleconference will be available until May 23, 2017 and may be accessed domestically by dialing 877-481-4010 and internationally by dialing 919-882-2331. Callers must enter conference ID number 10361. Additionally, the replay will be available on Versar’s Investor Relations website, http://www.versar.com/investorrelations/index.html.

VERSAR, INC., headquartered in Springfield, Virginia, is a publicly-traded global project management company providing sustainable value oriented solutions to government and commercial clients in the construction management, environmental services, and professional services market areas.

VERSAR operates the following website: www.versar.com.

Find out more about VERSAR at

Twitter: https://twitter.com/VersarInc
Facebook: https://www.facebook.com/VersarInc
LinkedIn: http://www.linkedin.com/company/38251

This news release contains forward-looking information. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described herein and in Versar’s Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended July 1, 2016, as updated from time to time in the Company’s periodic filings. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.

Contact:

Karin Weber
M&A, Investor Relations Manager
Versar, Inc.
(703) 642-6706
kweber@versar.com

Robert Ferri
Robert Ferri Partners
(415) 575-1589
robert.ferri@robertferri.com

SOURCE: Versar, Inc.

ReleaseID: 461052

DALLAS, TX / ACCESSWIRE / April 28, 2017 / Stonegate Capital Partners updates research coverage on CareView Communications, Inc. (OTCQB: CRVW).

Company Description

CareView Communications, Inc. develops and markets a proprietary high-speed data network system that includes the CareView System® suite of integrated video monitoring, guest services, and related applications. The Company’s products and applications can be deployed over any facility’s existing co-axial infrastructure, requiring no capital outlay from the client for installing the system. The network supports layers of interactive monitoring tools and solutions designed to reduce healthcare facility costs, improve patient safety, improve quality of care, streamline workflow and provide value-added services to healthcare customers. The CareView System, backed by several issued patents, addresses a large market opportunity consisting of hospitals, outpatient care facilities, nursing homes and adult living centers. CareView Communications began operations in September 2007 and is headquartered in Lewisville, TX.

Summary

With a disciplined growth strategy, unique patented technology, limited direct competition, and an established presence in a market with significant growth potential, we believe that CareView is positioned for continuing sequential revenue growth.

The Company’s SitterView sitter management program dramatically reduces sitter costs by replacing 1:1 patient observation personnel with 10:1 virtual monitoring.
The economics of CareView’s technology is compelling for hospitals – for the majority of contracts, the savings from the sitter management program alone more than pays for the entire CareView package.
Using CareView’s comprehensive fall management and sitter management solutions, hospitals have reported reducing falls by approximately 50%-80%, while at the same time, reducing sitter costs by 50% or more.
With a presence in eight of the top ten hospital companies in the U.S., CareView is well-established in the market. As of February 2017, its products are installed in over 9,200 patient beds in 117 acute care facilities; however, with one million hospital beds in the U.S., the Company has substantial room for growth.
Recently filed Form 4s detail a significant increase in insider buying, showing both management’s and the Board’s dedication to the CareView mission.
CareView’s business model is based on providing its services for a monthly subscription fee with a relatively low cost of delivery. As more clients are added to the network, and as clients add more services, CareView should see margin expansion over its low fixed cost structure.
CareView has limited direct competition in its markets. A few companies provide a portion of the services CareView offers, but none provides both clinical applications and entertainment, and per management, all competitors require a capex commitment unlike the CareView System.
The Company continues to evolve Company and now plans to actively target additional segments of the healthcare industry, assisted living centers and nursing homes, which will build on its foundation of virtual monitoring capabilities.
CareView’s advanced technology, its penetration into the acute care hospital market, and its valuable and highly defensible patent portfolio position the Company as an attractive acquisition candidate.
The Company is still gaining traction with sales in its initial target market – hospitals. To demonstrate the potential value as it ramps installations across the U.S., we have designed a scenario analysis based on several assumptions of billable beds, pricing, and EBITDA margins in the year 2021 to help frame a per share price. Our base case scenario results in an equity share price range of $0.12 to $0.55. We note that this analysis does not include the potential of nursing homes and assisted living centers at this point, markets that when combined have approximately 5x as many beds as the hospital market alone. In its most recent filings, management has noted that CRVW plans to pursue these markets going forward and anticipates signing its first contracts in FY17.

The full report can be accessed by clicking the following link:
http://www.stonegateinc.com/reports/CRVW_April_2017_Final.pdf

About Stonegate Capital Partners

Stonegate Capital Partners is a Dallas-based corporate advisory firm dedicated to serving the specialized needs of small-cap public companies. Since our inception, our mission has been to find innovative, undervalued public companies for our network of leading institutional investors who seek high quality investment opportunities.

SOURCE: Stonegate Capital Partners

ReleaseID: 461001

VANCOUVER, BC / ACCESSWIRE / April 28, 2017 / Barisan Gold Corporation (TSX-V: BG) (the “Company”) announces that further to its news release dated July 18, 2016, the Company has issued 12,546,370 common shares at the deemed price of $0.05 per common share in settlement of outstanding debt of $627,319 and announces August 26, 2017 as the hold period expiry date.

Neither 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.

To receive or stop receiving BG news via email, please email info@barisangold.com and state your preference in the subject line.

FOR FURTHER INFORMATION, visit the Company’s website at www.barisangold.com, or contact:

Investor Relations
Vancouver
T: +1 604 365 6681
E: info@barisangold.com

SOURCE: Barisan Gold Corporation

ReleaseID: 461053