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(PINKSHEETS: studies st louis cardinals memorabilia NHYF) announced cardinals baseball tickets draws today materialchanges to the Board of Directors and Management of the Company.Effectively immediately, Daniel A. Carr has resigned from the position ofDirector and the "interim" CEO and President of the Company, and DannyPate from the position of Director, respectively. Both parties cited theirdecision was based due in part to the lack of "full" disclosure by theformer President and CEO, Sam Dewar with regards to the Company's overallfinancial condition and outstanding liabilities, including, but, notlimited to, certain legal actions against the Company and other personalreasons.Since the resignation of Sam Dewar, it was further disclosed by Mr. Dewarthat the Company is also a named Defendant in a $50,000 lawsuit and that aprevious judgment for approximately $17,000, was adjusted to approximately$34,000, due to defaults on settlement payments. These additionalfinancial obligations of the Company now brings the total liabilities ofthe Company to approximately $400,000, and could be more with otherobligations that have yet to be disclosed or brought to the attention ofthe Company. In light of these circumstances, it is uncertain at thistime if the Company will be able to continue to operate.Manual Schapiro, the Company's sole Director, will oversee the continualoperations of the Company.About Natural Harmony Foods, Inc.Natural Harmony Foods, Inc. (PINKSHEETS: NHYF) is an independent, new foodcompany dedicated to producing healthful, flavorful foods that fit thelifestyles of individuals looking to make better, health conscious dietchoices without sacrificing taste.
We have combined the taste andnutrition of beef and pork with the health benefits of soy in ourSoLean(R) brand foods st louis cardinals . SoLean(R) Flame Broiled Beef Patties, SoLean(R)Fully Cooked Pork Patties, SoLean(R) Cheeseburgers, and SoLean(R) SausageEgg Muffin Sandwiches are 95% fat-free, high protein blends of leangrounds meat and heart-healthy soy protein.Safe Harbor Statement Under The Private Securities Litigation Reform ActOf 1995:The Private Securities Litigation Reform Act of 1995 (the "Reform Act")provides a "safe harbor" for forward-looking statements to encouragecompanies to provide prospective information, as long as those statementsare identified as forward-looking and are accompanied by cautionarystatements identifying important factors that could cause actual resultsto differ materially from those discussed in the forward-lookingstatements Natural Harmony Foods, Inc stl cardinals . desires to take advantage of thesafe harbor provisions of the Reform Act st louis cardinals photo . All future written and oralforward-looking statements attributable to the Company or any personacting on its behalf are expressly qualified in their entirety by thecautionary statements contained or referred to above st louis cardinals shop . New risks anduncertainties arise from time to time, and it is impossible for theCompany to predict these events or how they may affect the Company. Weassume no obligation to update any forward-looking statements as a resultof new information, future events or developments, except as required byfederal securities laws. In addition, it is our policy generally not tomake any specific projections as to future earnings, and we do notendorse any projections regarding future performance that may be made bythird parties.Natural Harmony Foods, Inc.
is traded on the OTC Exchange (Pink Sheets)under the symbol NHYF st louis cardinals sweatshirt . More information is located at the web-site -- ScharpioNatural Harmony Foods, Inc.2881 East Oakland Park Blvd.Ft st louis cardinals dvd . Lauderdale, FL33306(954) 315-1760Copyright 2009, Market Wire, All rights reserved.-0- st louis cardinals throw . MADISON HEIGHTS, Mich., July 24, 2009 (GLOBE NEWSWIRE) -- PSB Group, Inc.(OTCBB:PSBG), the bank holding company for Peoples State Bank (PSB), a Michiganstate-chartered bank with offices in Wayne, Oakland, Macomb and GeneseeCounties, today reported a net operating loss of $1.452 million or $.42 peraverage outstanding share for the three months ended June 30, 2009 compared witha net operating loss of $.645 million or $.20 per average outstanding share forthe second quarter of 2008 and $1.778 million or $.51 per average outstandingshare for the first quarter of 2009.Balance SheetTotal assets at June 30, 2009 were $489.7 million compared to $460.5 million atDecember 31, 2008 and $480.8 million at June 30, 2008 st louis cardinals watch .
Total loans were $369.6million as of June 30, 2009 compared to $374.8 million at December 31, 2008 and$387.2 million at June 30, 2008 st louis cardinals caps . Total securities stood at $80.5 million at June30, 2009, an increase of $28.2 million from December 31, 2008 st louis cardinals lamp . Total depositswere $445.3 million as of June 30, 2009 compared to $412.4 million at December31, 2008 and $404.4 million at June 30, 2008 cardinals baseball tickets . Deposits grew by 10.1% from theprior year with growth occurring in nearly every product category.Increased liquidity from the strong deposit growth trends was invested insecurities stl cardinals . The company has a long term strategic target of maintaining 15-20%of assets in securities to lower the future risk asset profile of the bank. Weattained that target this quarter.Peoples State Bank continues to experience favorable deposit growth and was ableto increase the total number of accounts in all major deposit productcategories.
The deposits growth has been accomplished without having to payabove market rates PSB has no brokered deposits st louis cardinals sweatshirts . The net interest margin forthe quarter ending June 30, 2009 stood at 3.52% st louis cardinals photo . This compares to a net interestmargin of 3.80% for the first quarter of 2009 st louis cardinals shop . The cyclically high level ofnon-performing loans put downward pressure on the interest margin in thequarter .
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