Newly public Actiga Corp. (OTC: AGAC) reported a nearly nine-fold increase in revenues from 2006 to 2007, according to a release. Actiga, which merged with video game maker Qmotions in January, posted revenues of $1.3 million in the year ended Dec. 31, compared with $150,065 the prior year.

The Riverside designer of active video games and game controllers said operating expenses for 2007 were $1.9 million compared with $1.3 million in 2006. The company attributed the increase to higher selling, general and administrative expenses as it works to build a retail sales network.

Actiga's net loss for 2007 was $2 million, or $13,942 per share, compared with a net loss of $1.6 million, or $11,236 per share, for the year ended Dec. 31, 2006.

"2007 was a pivotal year for Actiga as we set the stage for building the company in preparation for its next phase of growth in the active gaming market," said Amro Albanna, chairman and CEO of Actiga, in the release.

ICB Financial

Ontario-based ICB Financial, the parent company of Inland Community Bank, this week reported earnings of $963,000 for the year ending Dec. 31, up 36% from 2006.

Total assets rose 23.8%, to $250.2 million, said a company release. Inland Community Bank has six Southern California offices.

The bank has made several cost reductions during the past five months, including $1.3 million in personnel expenses, in response to a turbulent economic climate for financial companies.