For the quarter ended Dec. 31, Riverside-based Provident Financial Holdings Inc. has reported a net loss of $6.51 million, compared with net income of $1.04 million in the comparable period a year ago. According to a news release, “The decrease in the second-quarter results was primarily attributable to an increase in the provision for loan losses, partly offset by an increase in non-interest income, an increase in net interest income (before the provision for loan losses) and a decrease in operating expenses.”
The Inland Empire Small Business Development Center will hold a class on “Developing an Effective Injury and Illness Prevention Program” from 9 to 11 a.m. Feb. 12 at the West End Business Resource Center, 9650 Ninth St., Suite A, Rancho Cucamonga. The course will be taught by a representative of Cal-OSHA who will also discuss the special requirements and assistance for small businesses, Cal/OSHA consultation services, and the high hazard program. Cost: $30. Information: (951) 781-2345, ext. 246; http://www.iesmallbusiness.com
Dentist Terry Davis purchased the Redlands medical office building at 1329 Barton Road from Danmark Realty LLC for $1.1 million, according to costar.com. The buyer plans to relocate his dental office there in April. Mark Stanson of ETI Commercial represented the seller. Matt Millett of Coldwell Banker Commercial Lazar & Associates represented the buyer.
Emrise Corp., a manufacturer of defense and aerospace electronic devices and communications equipment, announced Thursday that it has been awarded a $2.6 million, three-year contract by the Federal Aviation Administration. Under the contract, the Rancho Cucamonga company will supply a custom featured version of its Halcyon Universal Data Test Set to be installed as part of a multi-year, multi-billion-dollar program to upgrade communications technology in the nation’s commercial and military aviation control networks.
According to a news release, the contract provides for an initial release of Test Sets valued at approximately $830,000 that are scheduled to be delivered in the second quarter of 2009. The company expects to receive a subsequent release from the FAA, for delivery later this year, of additional Halcyon Universal Data Test Sets valued at more than $800,000, with the balance of the units covered by the award to be delivered over the term of the three-year contract.
ProLogis announced Thursday that Kaiser Commerce Center in Fontana is now fully occupied with a new lease agreement of 484,000 square feet to a leading third-party logistics provider. ProLogis customers at Kaiser Commerce Center include LG Electronics, Wal-Mart, Johnson & Johnson, Kellogg’s and Southern California Edison. The utility leases roof space for a 2.4-megawatt solar installation.
WhiteBoard Partners in Ontario will hold a “brown bag” meeting Feb. 5 for business owners, managers and other leaders to discuss 2009 business strategies. The meetings are held on the first and third Thursdays of each month. The Feb. 5 event is sponsored by WhiteBoard Partners and hosted by Mission National Bank, 800 N. Ferrari Lane, Ontario. The session is free and begins at 11:30 a.m. Information: http://www.wbpllc.com
The Pathways initiative of Inland Empire United Way is once again collaborating with the Boys and Girls Club of Fontana and Pomona, Mentone Senior Center & Library, Northtown Community Center, Cal Poly Pomona Downtown Center, Cal State San Bernardino and Cal Poly Pomona to offer free income-tax clinics. Cal State San Bernardino and Cal Poly Pomona accounting students are providing free income-tax preparation services for the low-income community and senior citizens. Students are trained to prepare basic federal and state resident tax returns.
Volunteer Income Tax Assistance program sites are:
Cal Poly Pomona Downtown Center, 300 W. Second St. — 11 a.m. to 5 p.m. every Saturday, Feb. 14 through April 11.
Boys and Girls Club of Pomona, 1420 S. Garey Ave. — 10 a.m. to 3 p.m. every Saturday, Feb. 14 through April 11.
Mentone Library & Senior Center, 1331 Opal Ave. — 10 a.m. to 4 p.m. every Friday, Feb. 6 through April 10.
Northtown Community Center, 10071 Feron Blvd., Rancho Cucamonga — 10 a.m. to 4 p.m. every Saturday, Feb. 7 through April 11, except Feb. 14.
Fontana Boys & Girls Club, 7723 Almeria Ave. — 10 a.m. to 4 p.m. Feb. 7 through April 11, except Feb. 14.
Information: (888) 435-7565 or http://www.sbvita.org
After seeing growth in the U.S. marketplace in 2008, Paragon Airheater Technologies in Corona is setting its sights on international growth for 2009. For 2008, the company recorded a 177 percent increase in sales orders, a 71 percent increase in customers and a 38 percent increase in service business, according to a news release. The company has planned major events in February in Europe, the Middle East and India.
The Redlands Chamber of Commerce is offering speed networking the second Wednesday of the month beginning in February. The event begins with lunch served at 11:30 a.m. followed by networking for an hour beginning at noon. Cost: $15. Seating is limited to the first 30 people, with only one representative from an organization for maximum exposure. Information and reservations: (909) 793-2546; www.redlandschamber.org
PacWest Bancorp, which operates Pacific Western Bank branches in Chino, Ontario, Rancho Cucamonga, Upland, Yucca Valley and Twentynine Palms, has announced net earnings for the fourth quarter of 2008 were $9.6 million, compared to net earnings of $9.6 million for the third quarter of 2008. According to a news release, the “net earnings for the fourth quarter of 2008 included adjustments related to restricted stock amortization and income taxes, which increased net earnings by $3.1 million, or $0.11 per diluted share.” The decrease in net earnings, excluding these items, resulted mostly from lower net interest income and higher provision for credit losses.