latest news releases from the newsroom
American Electric Technologies, Inc.
American Electric Technologies Appoints Charles Dauber President of Flagship M&I Electric Business
HOUSTON, Jan. 29, 2008 (PRIME NEWSWIRE) -- American Electric Technologies, Inc. (Nasdaq:AETI), the premium supplier of custom-designed power distribution and control solutions for the traditional and alternative energy industries, announced today that Charles Dauber has been appointed president of the company's flagship M&I Electric business. This appointment marks the next major phase of a new organizational structure being rolled out by the company's chief executive officer and chairman, Arthur G. Dauber, to accelerate the company's growth.
Allpoint Network Surpasses 1,000 Members
BETHESDA, Md., Jan. 29, 2008 (PRIME NEWSWIRE) -- Allpoint(tm) Network was launched in 2003 with the goal of providing surcharge-free ATM access for consumers and a competitive advantage for financial institutions through a unique business model. The network then consisted of 23,000 ATMs serving a handful of clients. Less than five years later, Allpoint continues to meet those original goals, but now serving over 1,000 financial institutions with surcharge-free access to 32,000 ATMs.
Utah Medical Products, Inc.
Utah Medical Products, Inc. Reports Financial Performance for Fourth Quarter and Year 2007
SALT LAKE CITY, Jan. 29, 2008 (PRIME NEWSWIRE) -- Utah Medical Products, Inc.'s (Nasdaq:UTMD) financial results for 2007 were dragged down by a weak fourth quarter (4Q). A comparison of 4Q 2007 results to 4Q 2006 is accentuated by the fact that 4Q 2006 was the best quarter of 2006 in both sales and earnings per share (eps) performance, whereas 4Q 2007 was the lowest quarter in sales and second lowest quarter in eps in 2007. The primary difference in sales was due to a $182,000 shipment to China of blood pressure monitoring kits in 4Q 2006 that did not repeat in 4Q 2007, and a decline in shipments of Intran7 Plus intrauterine pressure catheters to U.S. hospitals of about $223,000. About 25% of the Intran Plus 4Q 2007 sales decline was due to unit price reductions. For the year, U.S. Intran Plus sales declined $926,000 or about 14%, while consolidated total UTMD sales declined only about $251,000. The decline in U.S. Intran Plus sales is primarily due to increased competition, including administrative restrictions of hospital group purchasing organizations (GPOs). In contrast, international sales of Intran Plus catheters in 2007 increased 33%.