SUMM News Alert Ayretrade Inc (SUMM) 0.0900 09/26/2014 03:09

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Ayretrade Inc (SUMM) 0.0900 $SUMM

AyreTrade, Inc. Signs Letter of Intent to Acquire a Marijuana Accessories Company
ACCESSWIRE - Wed Aug 27, 2:28PM CDT
DOVER, DE / ACCESSWIRE / August 27, 2014 / AyreTrade, Inc., a holding company that will be expanding its presence in the medical marijuana industry (OTCPINK: SUMM) is pleased to announce that it has signed a LOI to purchase a marijuana accessories company. This company is located in Colorado and has carved out a niche in this unique and expanding industry.

Summit Financial Group Reports Second Quarter 2014 Results
GlobeNewswire - Wed Jul 30, 5:00AM CDT
Summit Financial Group, Inc. ("Company" or "Summit" (Nasdaq:SMMF) today reported second quarter 2014 net income applicable to common shares of $2.24 million, or $0.25 per diluted share, compared to $1.02 million, or $0.13 per diluted share, for the second quarter of 2013, representing an increase of 118.9 percent, or 92.3 percent per diluted share. Q2 2014 earnings compared to Q2 2013 were positively impacted by a $532,000 decline in write-downs of foreclosed properties and an $816,000 increase in net interest income.

RCS Capital Corporation Completes Acquisition of Summit Financial Services Group
PR Newswire - Wed Jun 11, 6:07PM CDT
RCS Capital Corporation ("RCAP" (NYSE: RCAP), announced today that it has closed its previously announced acquisition of Summit Financial Services Group, Inc. ("Summit" (OTC: SFNS), an independent broker-dealer headquartered in Boca Raton, Florida.

Focus Financial Partners Expands in the Southeast by Adding Summit Financial to Growing Partnership
Business Wire - Wed Apr 02, 9:01AM CDT
Focus Financial Partners, LLC, the largest partnership of independent wealth management firms, today announced that Summit Financial, an independent RIA based in Lafayette, Louisiana, has joined the Focus partnership as of April 1. With approximately $600 million in client assets, Summit provides investment and wealth management services to clients in Louisiana and the surrounding areas. Focus has completed nine transactions in 2014.

Summit Financial Resources, Inc. Names Joseph Spada, CFP® 2013 Leading Financial Advisor
PR Newswire - Wed Mar 26, 11:56AM CDT
One of the largest independent financial planning and wealth management firms in the U.S., Summit Financial Resources, Inc., announced today that Joseph Spada, CFP® was named the firm's 2013 Leading Financial Advisor.

Summit Financial Services Group Announces Corrected 2013 Year End Results
PR Newswire - Mon Mar 10, 1:15PM CDT
On March 4, 2014, Summit Financial Services Group, Inc. (OTC: SFNS) issued a press release announcing its financial results for the year ended December 31, 2013. The provision for income taxes set forth in the release was incorrectly stated. Accordingly, the following revised press release is being issued, which supersedes the prior release with the corrected information regarding Summit's 2013 year end results.

Summit Financial Services Group Announces 2013 Year End Results
PR Newswire - Tue Mar 04, 8:00AM CST
Summit Financial Services Group, Inc. (OTC Bulletin Board: SFNS) announced its financial results for the year ended December 31, 2013. For 2013, the Company reported revenues of $87.62 million, which represented an increase of $14.38 million, or approximately 20%, from the $73.24 million in revenues reported for 2012. For 2013, the Company reported net income of $3.02 million, which represented an increase of $1.43 million, or 90%, from the $1.59 million reported in 2012.

Summit Financial Group Reports Fourth Quarter & Full Year 2013 Results
GlobeNewswire - Wed Jan 29, 5:00AM CST
Summit Financial Group, Inc. ("Company" or "Summit" (Nasdaq:SMMF) today reported fourth quarter 2013 net income applicable to common shares of $2.59 million, or $0.29 per diluted share, compared with $1.91 million, or $0.22 per diluted share, for the fourth quarter of 2012. Fourth quarter 2013 results, as compared to the same period in 2012, were positively impacted primarily by a lower provision for loan losses.

Summit Financial Services Group Announces Results for the Three- and Six-Months Ended June 30, 2013
PR Newswire - Wed Aug 14, 3:00PM CDT
Summit Financial Services Group, Inc. (OTC Bulletin Board: SFNS) announced its financial results for the three- and six-month periods ended June 30, 2013. For the three-month period ended June 30, 2013 (the "2013 Quarter" , the Company reported revenues of $21.2 million, which represented an increase of $4.0 million, or 23%, from the $17.2 million in revenues reported for the three-month period ended June 30, 2012 (the "2012 Quarter" . For the 2013 Quarter, the Company reported net income of $0.79 million, which represented an increase of $0.32 million, or 70%, from the $0.47 million reported for the 2012 Quarter.

AyreTrade Inc. (SUMM) Growth Plans - Purchase Corporate Office
Marketwire - Tue Jul 23, 7:31AM CDT
AyreTrade Inc. (PINKSHEETS: SUMM) is pleased to update our shareholders with the recent events of our Company. We are pleased to announce that we've entered into a purchase agreement to obtain a corporate office and the completion of our new website www.ayretradeinc.com.

AyreTrade Inc. (SUMM) CEO Address and Corporate Update with regards to
ACCESSWIRE-TNW - Fri May 17, 12:00PM CDT
(Mergers, Joint Venture and CEO Vision of the Company)

Summit Financial Services Group Announces Results for the Quarter Ended March 31, 2013
PR Newswire - Wed May 15, 3:03PM CDT
Summit Financial Services Group, Inc. (OTC Bulletin Board: SFNS) announced financial results for the three-month period ended March 31, 2013 (the "2013 Quarter" . For the 2013 Quarter, the Company reported revenues of $21.7 million, which represented an increase of $3.5 million, or 19%, from the $18.2 million in revenues reported for the same period of the prior year (the "2012 Quarter" . For the 2013 Quarter, the Company reported pre-tax income of $1,325,000 versus pre-tax income of $757,000 for the 2012 Quarter. For the 2013 Quarter, the Company reported net income of $674,000 versus net income of $417,000 for the 2012 Quarter.

Summit Financial Group Reports First Quarter 2013 Results
GlobeNewswire - Thu Apr 25, 5:00AM CDT
Summit Financial Group, Inc. ("Company" or "Summit" (Nasdaq:SMMF) today reported first quarter 2013 net income applicable to common shares of $1.60 million, or $0.19 per diluted share, compared to $1.50 million, or $0.18 per diluted share, for the first quarter of 2012. Q1 2013 earnings compared to Q1 2012 were positively impacted by a $1.5 million decrease in combined provision for loan losses and write downs of foreclosed properties, which was partially negated by $1.1 million reduction in realized securities gains.

Allied Payment Network Adds Sales Veteran Steve Paradine to Executive Team
Business Wire - Mon Apr 22, 8:00AM CDT
Allied Payment Network, a provider of online bill payment services to the financial industry, announced that Steve Paradine, a financial industry sales veteran with more than 25 years of sales experience, has joined the company as its senior vice president of Sales.

Summit Financial Services Group Buys Back and Retires Approximately 10% of its Common Stock From Vertigo
PR Newswire - Wed Jan 02, 12:56PM CST
Summit Financial Services Group, Inc. (OTC Bulletin Board: SFNS) announced today that the Company has repurchased in a private transaction, and retired, approximately 2.35 million shares, or approximately 10%, of the Company's common stock from Vertigo Capital LP and certain of its affiliates, for a purchase price of approximately $1.75 million, or $0.745 per share.




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