New Hampshire Business Review - July 21 2006

$1m earmarked for North Country broadband

The Senate Appropriations Committee recently approved a funding measure containing $1 million for an initiative to bring wireless broadband access to New Hampshire’s North Country. The approval, announced by U.S. Senator Judd Gregg, will be used to help design and…

USDA, electric co-op team up on loan fund

A $300,000 USDA Rural Development grant has been granted to the New Hampshire Electric Cooperative to help establish a revolving loan program for economic development projects in communities served by the utility. The Rural Economic Development Grant will be matched…

Stratham-based Vitronics up for sale

Vitronics Soltec, a Stratham-based subsidiary of Dover Corporation, is on the block, the parent company announced Wednesday. According to a letter signed by Vitronics Soltec’s president, Erik Tobiason, the maker of soldering systems and technology has been put for sale…

Presstek sees hike in 2Q profits

Presstek, a Hudson-based manufacturer of sophisticated digital imaging solutions for the printing industry, posted record consolidated revenues for the second quarter of 2006. The company reported that revenues were $74.2 million for the quarter, up 5 percent from the first…

Community Bank’s income falls

Wolfeboro-based Community Bank & Trust reported decreased earnings for the second quarter of 2006. For the quarter, which ended June 30, net income was $1.843 million, or 50 cents per diluted share, down 5 percent from $1.951 million, or 53…

iCAD’s losses widen

Increased quarterly sales of digital solutions were not enough to bridge the widening gap in losses for Nashua-based computerized mammography solutions developer iCAD as its analog business fell off significantly. Net loss for the second quarter of 2006, which ended…

Northway closes 2Q down 16 percent

Northway Financial, the Berlin-based parent corporation of Northway Bank, posted a 16 percent drop in net income for the second quarter of 2006. The quarter ended June 30 closed with a net income of $756,000, or 51 cents per basic…

2Q net sales up for Brookstone

Specialty lifestyle retailer and product development company Brookstone reported net sales of more than $91 million for the second quarter. The $91.3 million results represent a 4.3 percent increase over second-quarter earnings for 2005. Year-to-date net sales of $168 million…

Timberland reports loss

The Timberland Company reported a net loss of $13 million for the second quarter ending June 30. The results compare to a net income of $6.3 million reported for second quarter of 2005. According to Timberland officials, foreign exchange rate…