latest news releases from the newsroom
PSB Group, Inc.
PSB Group, Inc. Announces Increase in Loan Loss Provision and Suspension of Going Private Merger Transaction
MADISON HEIGHTS, Mich., Oct. 4, 2007 (PRIME NEWSWIRE) -- The Board of Directors of PSB Group, Inc., (OTCBB:PSBG), the bank holding company for Peoples State Bank, a Michigan state-chartered bank with offices in Wayne, Oakland, Macomb and Genesee Counties, reported that Peoples State Bank approved a $2,525,000 loan loss provision during the third quarter. The announcement was made by Michael J. Tierney, President and CEO of both PSB Group, Inc. and Peoples State Bank.
GenTek Inc. Receives Proposal to be Acquired
PARSIPPANY, N.J., Oct. 4, 2007 (PRIME NEWSWIRE) -- GenTek Inc. (Nasdaq:GETI) announced today that it has received an unsolicited letter dated October 2, 2007 from funds managed by Abrams Capital, LLC, a principal stockholder of GenTek, informing the Company of its interest in pursuing a transaction by which the Abrams Funds would offer to purchase all outstanding shares of the GenTek common stock for $33.50 per share in cash on a fully diluted basis assuming the exercise of all outstanding GenTek warrants. The letter states the proposal is not subject to financing conditions. According to the letter, the Abrams Funds beneficially own approximately 2.5 million shares of GenTek common stock, which includes approximately 1.35 million shares issuable upon the exercise of warrants.
Monopolygate, An Inspiring Story About a Little Guy Who Beats the Big Interests and Uncovers a Billion Dollar Swindle
LUGAGNAC, France, Oct. 4, 2007 (PRIME NEWSWIRE) -- Anspach, whose Anti-Monopoly game triggered a reaction from the producers of Monopoly (General Mills/Parker Brothers), tells his story with humor and suspense. The Ivory Tower professor turned business man turned paralegal becomes a detective who uncovers the swindle behind Monopoly. His tale starts with start-up blues and then turns into a court room drama which proves that Monopoly was invented and propagated by left-wing American anti-monopolists.
Unique Pizza and Subs
Unique Pizza and Subs Opens Granite Quarry, NC Store
PITTSBURGH, Oct. 4, 2007 (PRIME NEWSWIRE) -- Unique Pizza and Subs Corporation (Pink Sheets:UPZS), a Delaware Corporation, announces LKN Investment Partners LLC has opened an impressive 4,200 square foot space at 215 Salisbury Road, Granite Quarry, NC three weeks ahead of schedule. This location is the second for LKN Investment Partners and the third location in the North Carolina market with additional openings planned for the remainder of 2007. Michael Bongiovanni, President of Green Tree Financial Group located in Charlotte NC, states, "During a visit to Pittsburgh in '05 to assist Jim (Vowler) with the initial filings necessary to become a publicly traded company, I had my first opportunity to sample their product. At the time I was on a carb-free diet, but their pizza looked so good I had to try it. Twenty-plus slices later (so much for my diet) I decided the Western pizza was the best I had ever eaten. I am thrilled that they have opened a bunch of stores in Charlotte so I can eat my Western pizza daily!"
Dyer & Berens LLP
Investor Notice: The Law Office of Jeffrey A. Berens, LLC Encourages Persons Who Purchased BigBand Networks, Inc. Common Stock to Consider Their Legal Options
DENVER, Oct. 4, 2007 (PRIME NEWSWIRE) -- The Law Office of Jeffrey A. Berens, LLC (www.berenslaw.com) today encouraged persons who purchased the common stock of BigBand Networks, Inc. (Nasdaq:BBND) in connection with the Company's March 2007 Initial Public Offering, or who purchased shares thereafter in the open market, to contact the Law Office of Jeffrey A. Berens, LLC at 1-888-300-3362 or via email at email@example.com, or their counsel of choice, concerning their rights and interests in the shareholder class action lawsuit recently filed in the United States District Court for the Northern District of California. The lawsuit alleges that the defendants violated the federal securities laws by making false and misleading statements in the Company's Registration Statement and Prospectus.