latest news releases from the newsroom
Monster Beverage Corporation
Hansen Natural Announces $200 Million Share Repurchase Program
CORONA, Calif., April 25, 2008 (PRIME NEWSWIRE) -- Hansen Natural Corporation (Nasdaq:HANS) today announced that its Board of Directors has authorized a new share repurchase program for the repurchase of up to $200 million of the Company's outstanding common stock. The Board of Directors terminated the common stock repurchase program authorized in November 2005, under which the Company had purchased $27.7 million of common stock.
Critical Solutions Inc.
Critical Solutions' Secures NASA SEWP Contract
CLEVELAND, April 25, 2008 (PRIME NEWSWIRE) -- Critical Solutions Inc. (Pink Sheets:CSLI), the designer of renewable energy tower systems announces that the Company's rapidly deployable Mojo and Titan systems have been included in a contract under the NASA Solutions for Enterprise-Wide Procurement (SEWP IV) Program. The inclusion in the Government-Wide Acquisition Contract (GWAC) allows the company to support the Government requirements for high-performance information technology by providing state-of-the-art commercial hardware and software, services, and solutions. SEWP IV contracts have an outstanding track record for offering a vast selection and wide range of advanced technology to all Federal Agencies and their authorized contractors.
Integra LifeSciences Holdings Corp.
Integra LifeSciences Announces Launch of the LimiTorr Volume Limiting CSF Drainage System
PLAINSBORO, N.J., April 25, 2008 (PRIME NEWSWIRE) -- Integra LifeSciences Holdings Corporation (Nasdaq:IART) announced today the release of the LimiTorr(TM) Volume Limiting CSF Drainage System, the latest addition to Integra's cerebral spinal fluid (CSF) drainage product line and the first volume-limiting CSF management system on the market. The LimiTorr(TM) system was designed with the help of Michael McDermott, MD, Professor and Vice-Chairman at the University of California, San Francisco, Department of Neurosurgery. Integra will be exhibiting the LimiTorr(TM) system at the upcoming 2008 American Association of Neurological Surgeons Annual Meeting in Chicago, Illinois, April 26 - May 1.
Lake City Bank
Lake City Bank Reports Record First Quarter Income
WARSAW, Ind., April 25, 2008 (PRIME NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq:LKFN), parent company of Lake City Bank, today reported record net income of $5.2 million for the first quarter of 2008. Net income increased 10% over the $4.8 million reported in the comparable quarter of 2007. On a linked quarter basis, net income increased 9% versus the fourth quarter of 2007. Diluted net income per share for the quarter was $0.42 versus $0.38 for the comparable period of 2007 and $0.40 for the fourth quarter of 2007.
Colony Bankcorp, Inc.
Colony Bankcorp, Inc. Announces First Quarter Results
FITZGERALD, Ga., April 25, 2008 (PRIME NEWSWIRE) -- Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported quarterly net income of $2,213,000 for the first quarter of 2008, down 10.55 percent from first quarter 2007 net income of $2,474,000. The reduction in earnings was primarily the result of net interest income decreasing to $9,605,000 in first quarter 2008 from $10,451,000 in the same year ago period. This reduction ties directly to the aggressive posture taken by the Federal Reserve to combat the downturn in the real estate market and recessionary fears as they lowered interest rates 100 basis points during the last four months of 2007 and 200 basis points during first quarter 2008. The significant rate reduction along with sluggish loan activity resulted in Colony's net interest margin declining to 3.44 percent for first quarter 2008 compared to 3.70 percent for first quarter 2007. The reduction in net interest income was partially offset by an increase in non-interest income to $2.37 million for first quarter 2008 compared to $2.11 million for the same year ago period, a decrease in non-interest expense to $7.76 million for first quarter 2008 compared to $7.91 million for the same year ago period and a reduction in income tax expense to $0.94 million for first quarter 2008 compared to $1.26 million for the same year ago period. Diluted earnings per share for the quarter were $0.31 compared to $0.34 for the same year ago period or a decrease of 8.82 percent. Annualized return on assets for the quarter were 0.74 percent and return on equity was 10.38 percent, compared to 0.82 percent and 12.76 percent for the same year ago period, respectively.