Oklahoma business briefs for Feb. 14

Oklahoma business briefs for Feb. 14
Published: February 13, 2014
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Oklahoma briefs

First Trinity unveils investments

First Trinity Financial Corp. recently invested in Texas Republic Capital Corp., a financial holding company in Dallas. First Trinity also has invested in Illinois-based Royalty Capital Corp. Tulsa-based First Trinity, which began its insurance operations in 2007 and has expanded into 17 other states, has assets of more than $185 million.

Elephant Talk Wins NYSE extension

Elephant Talk Communications Corp., a provider of software defined network architecture platforms and online security solutions, said that the NYSE MKT LLC has notified the company that it has extended the review period for which the company can work to regain compliance with the stock exchange's listing standards until April 30.

EARNINGS

ADDvantage Technologies Group

ADDvantage Technologies Group Inc. on Thursday reported a $200,000 profit for the quarter ending Dec. 31, down from $800,000 in net income the cable TV equipment seller and servicer booked in the same period a year earlier. Quarterly revenue fell 28 percent. CEO David Humphrey said the results were disappointing. “We are focused on realigning our business in an effort to address the general cable television equipment industry, which has experienced a downturn over the past several years,” Humphrey said in a statement.

From Staff Reports