latest news releases from the newsroom
Entropic Communications Announces Exercise in Full of Underwriters' Over-Allotment Option
SAN DIEGO, Jan. 8, 2008 (PRIME NEWSWIRE) -- Entropic Communications, Inc. (Nasdaq:ENTR) today announced that the underwriters of its initial public offering of 8,000,000 shares of common stock have exercised in full their over-allotment option, purchasing an additional 1,200,000 shares of common stock from certain selling stockholders. Including the over-allotment shares purchased today, the offering totaled 9,200,000 shares of common stock at the public offering price of $6.00 per share (before underwriting discounts and commissions).
SoftNet Technology Corp.
SoftNet Technology Reports Record 2007 Revenues
ISELIN, N.J., Jan. 8, 2008 (PRIME NEWSWIRE) -- SoftNet Technology Corp. (OTCBB:STTC) (German WKN:TG6 ) is pleased to announce, on a preliminary and unaudited basis, that the Company posted record revenues for fiscal 2007. Fiscal 2007 estimated revenue grew 38.6% to $8,609,506 from $6,213,304 recorded in 2006. A more detailed explanation of SoftNet's 2007 results will be available upon completion of the annual and quarterly audit.
City National Bank
City National Bank Posts 5th Consecutive Record Year for Philanthropic Outreach in Nevada for 2007
LAS VEGAS, Jan. 8, 2008 (PRIME NEWSWIRE) -- City National Bank today announced that it enjoyed its fifth consecutive record year for philanthropic outreach in Nevada during 2007. The bank also donated to a record number of nonprofit and community organizations last year, which were more than 70 qualified organizations. The bank's monetary and in-kind support, such as computers and office furniture, totaled over $100,000. Volunteer outreach also reached record levels with bank colleagues donating more than 1,700 hours last year. This is a 33 percent increase over the previous year's monetary and in-kind donations and a 13 percent increase in volunteer services.
Tyson Foods, Inc.
Kemin and Tyson Form Strategic Alliance to Produce Flavor-Enhancing Ingredients for Pet Foods
DES MOINES, Iowa, Jan. 8, 2008 (PRIME NEWSWIRE) -- Kemin Industries, Inc. and Tyson Foods, Inc. (NYSE:TSN) have formed a strategic alliance to develop, manufacture, market and sell liquid and dry flavor-enhancers known as palatants, to the North American pet food market, the companies announced today.
MarketingSherpa Email Summit Speaker From CMP to Present Session On How to Build High Performance Newsletters
WARREN, R.I., Jan. 8, 2008 (PRIME NEWSWIRE) -- MarketingSherpa, a research firm publishing case studies and benchmark guides for marketing professionals, is featuring a session on Building High Performance Newsletters at its Email Summit, February 25, 2008, 3:15 p.m. Stephen Wellman, Editorial Director of Email Newsletters of CMP, will present this B-to-B breakout session.
SmallCap Sentinel: Making a Bromine Move
IRVINE, Calif., Jan. 8, 2008 (PRIME NEWSWIRE) -- "When investors are looking for signs of success in a small cap equity, clearly revenues and a time-tested business plan are at the forefront," stated SmallCap Sentinel analyst D.R. Clark. "What is not often seen is a successful company confidently broadening their product portfolio through acquisition. But that appears to be the case with Gulf Resources Inc. (OTCBB:GFRE) which has just announced that it will gain 4,700 tons of incremental annual bromine production capacity equating to $9.4 million in revenue and $2.4 million in net income through a strategic acquisition. It is important to note that Gulf is already the largest bromine producer in growing China and that bromine is essential to the oil and paper producing industries."