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Largest Freshmen Class Ever Enrolls At Va. Tech PDF Print E-mail
Mark Owczarski   

Virginia Tech has received deposits from 5,601 freshmen for fall 2008, up from 5,215 deposits received last year, and has released its wait list. The 2008 freshman class comes from the largest-ever application pool of 20,756 – the third straight record-setting year of applications for freshman admission.

“We are delighted to welcome a high number of freshmen this year. Responses to our offers of admission were greater than numeric models could predict, evidence of a strong desire for more students than ever to join the Virginia Tech family” said Norrine Bailey Spencer, associate provost and director of undergraduate admissions. “While we know this creates challenges for our colleagues across the campus as they work to meet the increased demand for spaces in classrooms, orientation sessions, and residence halls, we also know that everyone at Virginia Tech looks forward to welcoming a class with such strong academic credentials as well as strong leadership, service, and diversity.”

Freshmen accepting the offer of admission earned an average high school grade point average (GPA) of 3.80 (with a middle 50 percent of 3.58-4.00), up from 3.77 last year. The average combined math and critical reading SAT score was 1208, up from last year’s 1205. Average grades and scores for students who were offered admission were: 3.86 GPA (middle 50 percent 3.62-4.08) and a combined critical reading and math SAT score of 1238 (middle 50 percent of 1150-1320).

“Demand for a Virginia Tech education is stronger than ever. The world got a glimpse of the Virginia Tech Hokie Spirit last year. Students saw that and we think that contributes to the desire to be part of the Virginia Tech family and to experience our highly rated programs,” said Larry Hincker, associate vice president for university relations.

The incoming freshman class is 45.2 percent female and 54.8 percent male. Ethnicity reported is 9.4 percent Asian, 3.7 percent Black (up from 3.5 percent last year), 3.5 percent Hispanic (up from 3.2 percent last year), less than 1 percent Native American, 77.8 percent Caucasian, and 5.1 percent not reported.
 
In-state students account for 66 percent of the class. Forty other states and territories make up the remaining 34 percent along with 28 foreign countries. Top states for 2008 freshmen include Virginia (3,694 students), Maryland (561), Pennsylvania (249), New Jersey (246), North Carolina (183), and New York (84).

Spencer notes that universities traditionally experience a “melt” of acceptances over the summer because some students elect not to attend. However, with acceptances of admissions offers now far exceeding last year, the fall 2008 class is almost certain to be the largest on record.

 

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Pulaski Fest
Slide Show Pict

Pulaski County held its' annual Pulaski Fest on Saturday in Jackson Park. Once the fog lifted and the sun began to shine, people from all over the community came into the free event that offered crafts, food, music, rides, activities for kids, and other vendors. Just across the railroad tracks, a sidewalk sale took place and across the street the Pulaski Farmer’s Market was happening. The convergence of all of these events allowed festival attendees to peruse assorted items for sale.

Photos by Tim W. Jackson

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Luna Innovations Receives Funding for Brain Cancer Diagnostic Agent Using Nanotechnology
Luna Innovations Incorporated (NASDAQ: LUNA) announces an award from the National Cancer Institute (NCI) of the National Institutes of Health (NIH) to improve the detection and diagnosis of brain tumors.  Under this program, Luna will adapt its exclusive contrast agent technology using carbon nanospheres to produce an improved magnetic resonance imaging (MRI) agent.  This next-generation contrast agent will be designed to enhance tumor imaging and advance the diagnosis and treatment of this disease by directing nanomolecules to seek out specific biological targets, such as a glioblastoma tumor, one specific form of brain cancer.
 
StellarOne Corporation Announces Problem Asset Auction Results and Anticipated Loan Loss
StellarOne Corporation (Nasdaq: STEL) (StellarOne) today reported that it expects to record an additional $1.7 million pre-tax charge on the recently concluded auction of certain assets that had been reclassified as held for sale in conjunction with the merger of Virginia Financial Group, Inc. and FNB Corporation of Christiansburg. This concludes the disposition of the majority of such assets other than approximately $1 million in property that was taken back at auction and will be reflected in foreclosed assets and non-performing assets at net realizable value.
 
Taylor Office Supply Named Radford Business Of The Month

(Radford, Virginia) Grab a pen and take a quick note of Main Street Radford's Business of the month for September 2008: Taylor Office Supply. In business for over 66 years, this 4th generation family owned and operated business has been a Radford staple.

 
Roanoke Mayor Bowers, U.S. Cellular Partner With Trust House To Call Attention To Roanoke Homeless

The downward spiral into homelessness often begins with a crisis or major life change that is greater than a person or family can handle. To stop the slide Trust House in Roanoke steps in with transitional housing and financial counseling to help people cope with the short-term setbacks before they become long-term problems.

 
Stock Analyst Names National Bankshares "Top Pick"
(BLACKSBURG, VA) National Bankshares, Inc., a community bank holding company with headquarters in Blacksburg, Virginia, was featured in the October edition of BB&T Capital Markets Portfolio Managers Monthly. Financial services stock analyst Cary Morris named National Bankshares as the month's top pick and he continued his "buy" recommendation for the company's stock. Discussing the current investment environment for banks, Morris said, "Interesting to us, however, are some small-cap community banks in our coverage universe that continue to perform well in the midst of this banking crisis. Typically these bank holding companies operate in relative obscurity, in markets that were not part of the real estate bubbles that occurred in some other U.S. markets, and in geographic regions that have demonstrated slower or modest growth." Morris went on to say, "At present, we would suggest that investors review our latest research on National Bankshares." Morris said that the western Virginia bank continues to show steady progress and that its stock is attractively valued. He noted, "We maintain that investors tend to overlook the company due to its modestly growing markets without reviewing its operational and profitability metrics. For Q2 '08, National Bankshares had an ROA of 1.55% (versus the peer group's 0.58%) and an ROE of 12.81% (versus the peer group's 6.05%) while maintaining an above-peer group equity-to-assets ratio of 12.0%."
 
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