The decreasein compensation expense this quarter was primarily the result of aone-time payment of $352,000 made last year relating to a contractamendment for the Bank's president. The decrease in compensation expensewas offset by an increase in other general and administrative expenses,primarily due to additional loan processing expense and other real estateowned.Balance Sheet SummaryThe Company's total assets increased $55.0 million, or 4.6%, to $1,249.2million, as of March 31, 2009, up from $1,194.2 million at June 30, 2008.The increase in total assets was primarily due to an increase of $52.1million for investment securities. Total liabilities increased $52.8million, primarily due to an increase in deposits of $123.3 millionpartially offset by a decrease of $88.0 million in borrowings from theFederal Home Loan Bank of San Francisco.Conference CallA conference call and webcast will be held on Wednesday, May 6, 2009 at5:00 PM Eastern / 2:00 PM Pacific. To participate in the conference call,please dial the following number five to ten minutes prior to thescheduled conference call time: 877-795-3635 International callersshould dial: 719-325-4769. Digital replay is available by calling888-203-1112 and using the digital passcode #5822594.
The conference callwill be webcast live and may be accessed at BofI's website, http:// For those unable to participate during thelive broadcast, a replay will be available shortly after the call on theBofIholding website for 30 days.About BofI Holding, Inc and Bank of Internet USABofI Holding, Inc. is the holding company of Bank of Internet USA andtrades on NASDAQ under the symbol BOFI. Bank of Internet USA is a consumerfocused, FDIC insured, nationwide savings bank operating primarily overthe Internet. It offers a variety of consumer banking services, focusingprimarily on gathering retail deposits over the Internet and originatinghome equity loans, as well as originating and purchasing multifamily andsingle-family mortgage loans. CARSON CITY, NV, May 06 (MARKET WIRE) -- InterVision Network (IVNet) (PINKSHEETS: IVSW) has announced that thecompany is in the final stages of negotiations for a definitive plan ofmerger with Bonfire Productions (OTCBB: BNFR). Management for bothcompanies has stated that the finalized deal is expected no later thanMay 15, 2009.InterVision Network (IVNet) is the publicly-traded holding company forseveral technology and entertainment ventures based upon aninternally-developed portfolio of proprietary and patent-pendingtechnology and technological processes.
Founded in 2005, IVNet'stechnology and business ventures relate to Internet Protocol Television(IPTV) broadcasting and related live Internet-based multimediatransmission technologies including a global content delivery network(), IPTV set top boxes and related technologies(), and the revolutionary Ice Mobile().Bonfire Productions admits that one of the true drives of the transactioncontinues to be the acquisition of the Ice Mobile. While other mobiletechnology devices provide only archived streaming clips, the Ice Mobileprovides the user with live continuous streaming media contentdisseminated at a rate of 30 frames per second. Moreover, the devicefeatures a "click-to-broadcast" live point to multipoint mediadissemination between one Ice Mobile device and another Ice Mobile deviceor to the Internet.Safe Harbor Statement under the Private Securities Litigation Reform Actof 1995: This release contains forward-looking information. Statementsthat are not descriptions of historical facts are forward-lookingstatements provided under the "safe harbor" protection of the PrivateSecurities Litigation Reform Act of 1995. These statements are made toenable a better understanding of our business, but because theseforward-looking statements are subject to many risks, uncertainties,future developments and changes over time, actual results may differmaterially from those expressed or implied by such forward-lookingstatements.
Examples of forward-looking statements are statements aboutanticipated financial or operating results, financial projections,business prospects, future product performance and other matters that arenot historical facts. Such statements often include words such as"believes," "expects," "anticipates," "intends," "plans," "estimates" orsimilar expressions.These forward-looking statements are based on the information that wascurrently available to us, and the expectations and assumptions that weredeemed reasonable by us, at the time the statements were made. We do notundertake any obligation to update any forward-looking statements in thisreport or in any of our other communications, except as required by law,and all such forward-looking statements should be read as of the time thestatements were made, and with the recognition that these forward-lookingstatements may not be complete or accurate at a later date.Additional Information:Tim DeHerreraCEO866-891-4788Copyright 2009, Market Wire, All rights reserved.-0-. WARMINSTER, PA, May 06 (MARKET WIRE) -- W. Atlee Burpee & Co., America's most-trusted plant and seed purveyor,will teach hundreds of gardener hopefuls how to successfully start theirown money-saving garden during a "basic training event" called Root Campon Friday, May 8th and Saturday, May 9th at Fordhook Farm in Doylestown,Pennsylvania. The event is open to the public, and will take place from 10am to 4 pm on both days rain or shine. For event details, please visit or to Burpee President & COO Chris Romas, one of the features ofthe event will be a fun vegetable garden workshop designed to resembleboot camp.
Led by Burpee horticulturalists and a garden drill sergeant,Burpee Root Camp recruits outfitted in camouflage hats and armed withgarden tools, will learn how to perform various vegetable garden drillsand seed planting tactics."With so many people taking up gardening to save money, we feel compelledto assist in offering advice and basic training," says Romas. "The eventitself, and specifically the workshops, are designed to prepare gardenerswith the simple techniques they need to grow plants that thrive. Verysimilar," Romas says, "to the way armed forces recruits learn basic skillsduring boot camp."The 2009 recession gardening movement, spurred by the falling economy andthe new White House vegetable garden, marks the biggest renaissance inedible gardening since World War II. Burpee reports that sales forvegetable seeds and transplants are up an unprecedented 30 percent in2009, substantiating the marked increased interest in vegetablegardening. The Root Camp event is one of many initiatives designed byBurpee to help gardeners attain practical garden advice that will lead tosuccess in their own ornamental and edible gardens."Root Camp will be a fun, family event," says Romas, explaining that someof the activities will include a seed sowing workshop for children as wellas raised bed and container gardening tutorials for adults.Attendees can also participate in guided garden tours of Burpee'sexpansive display and trial gardens and are invited to sign-up for dailylectures given by well-known garden authorities Graham Rice and RosalindCreasy.