Blonder Tongue Reports Second Quarter 2014 Results

OLD BRIDGE, NJ  August 14, 2014 / Blonder Tongue Laboratories, Inc. (NYSE MKT:BDR) announced its sales and results for the second quarter and six months ended June 30, 2014.

Net sales increased $1,682,000, or 23.5%, to $8,828,000 in the second three months of 2014 from $7,146,000 in the second three months of 2013. Net earnings for the second three months ended June 30, 2014 were $347,000 or $0.06 per share, compared to a net loss of $(660,000) or $(0.11) per share for the comparable period in 2013.

The increase in sales is primarily attributed to an increase in digital video headend products and analog video headend products offset by a decrease in sales of contract manufactured products. Sales of digital video headend products were $5,122,000 and $3,216,000, sales of analog video headend products were $1,990,000 and $1,312,000 and sales of contract manufactured products were $134,000 and $1,070,000 in the second three months of 2014 and 2013, respectively.

Interphase Corporation Announces $3.3 Million Private Placement with Hodges Small Cap Fund

CARROLLTON, Texas -- Interphase Corporation (INPH) (the “Company” or “Interphase”), a diversified information and communications technology company, today announced that it has entered into a common stock purchase agreement and registration rights agreement with Hodges Small Cap Fund on August 13, 2014, to sell in a non-brokered private placement 1,367,000 shares of its common stock at a price of $2.45 per share, resulting in gross proceeds to the Company of approximately $3.3 million. The Company intends to use the net proceeds to expedite and expand marketing and product launch activities associated with the introduction of penveu®, to continue to support the growth in its services business, for other working capital needs, and for general corporate purposes. The common stock issued under the purchase agreement will be registered for resale pursuant to a registration statement to be filed by Interphase with the Securities and Exchange Commission.

Virtutone Announces Record Revenues of $15.8 Million for the Month of July

Sherwood Park, Alberta -- August 6th, 2014 / Virtutone Networks Inc. ("Virtutone" or the "Company") (TSX Venture: VFX.V) is pleased to announce that the Company has generated over $15.8 million in revenue for the month of July.

"Our revenues have been stable for the past 3 months and now with the new line of credit, we are anticipating another jump in revenues this fall" said Jason Allen, Chief Executive Officer of Virtutone. " Even without the additional line of credit in place, our team was able to generate another record month"

Virtutone Announces New $10 Million USD Line of Credit

Sherwood Park, AB July 21, 2014 / Virtutone Networks Inc. ("Virtutone" or the "Company") (TSX Venture: VFX.V) is pleased to announce that it has secured a new $10 million line of credit with a tier one U.S. bank.

The line of credit is a one-year renewable term at a rate of prime plus 1.5% per annum. The facility is based on 85% of good accounts receivable.

"This new facility will significantly increase our revenues and goes a long way to helping us meet and potentially exceed our financial projections for this year," said Jason Allen, Chief Executive Officer. "It will also substantially lower our cost of capital and therefore help drive profitability. We see a lot of attractive business that, prior to obtaining this line, we were unable to land, so we will have no trouble deploying this capital to the benefit of our shareholders.