latest news releases from the newsroom
ContextWeb Closes $26 Million Series D Round of Funding
NEW YORK, July 22, 2008 (PRIME NEWSWIRE) -- ContextWeb, Inc., a leading contextual advertising company and operator of the ADSDAQ Exchange, announced today that it has closed a $26 million Series D round of funding. "We had tremendous interest in the company and received numerous good financing proposals," says Anand Subramanian, CEO of ContextWeb, Inc. "We chose Investor Growth Capital as our partners to lead the round for their market expertise, track record in creating sector leading companies and ability to help us expand in markets outside North America, especially in Europe." All of the existing investors in the Company, which includes DFJ, DFJ Gotham Ventures, Updata Partners, DFJ New England, plus Gold Hill Capital also participated. This round of funding, combined with three previous rounds, brings ContextWeb's total equity investment to date to $54 million.
Silverstar Holdings, Ltd.
Silverstar's Empire Interactive Unveils Fall 2008 Product Lineup
BOCA RATON, Fla., July 22, 2008 (PRIME NEWSWIRE) -- Empire Interactive, an international publisher and developer of interactive entertainment software and a subsidiary of Silverstar Holdings, Ltd (Nasdaq:SSTR), unveiled its Fall 2008 product lineup with the addition of exciting global brands, the expansion of well-known franchises, and all-new intellectual properties. Empire's fall product line is sure to please video game players of all ages.
TIX Corporation and Mannheim Steamroller Announce Two Year Touring Deal
STUDIO CITY, Calif., July 22, 2008 (PRIME NEWSWIRE) -- Tix Productions, Inc. (TPI), a subsidiary of TIX Corporation (Nasdaq:TIXC), and Mannheim Steamroller today announced a two year touring producing partnership. Mannheim Steamroller is one of the largest selling Christmas artists of all time and is a holiday tradition for many families. The group has recorded seven Christmas albums, which have sold more than 35 million copies. The agreement will cover the 2008 and 2009 U.S. tours. Additionally, the agreement provides TPI with the exclusive ticket distribution and merchandising rights for the tour. Grammy Award winner Chip Davis, the creator of Mannheim Steamroller, will continue as the director and co-producer of the live show.
Whitney Holding Corporation
Whitney Reports Second Quarter 2008 Earnings
NEW ORLEANS, July 22, 2008 (PRIME NEWSWIRE) -- Whitney Holding Corporation (Nasdaq:WTNY) earned $12.9 million in the quarter ended June 30, 2008, compared with net income of $29.9 million for the first quarter of 2008 and $35.1 million for 2007's second quarter. Earnings were $.20 per diluted share for the second quarter of 2008, $.45 for the current year's first quarter and $.51 for the second quarter of 2007.
Synalloy Corporation Announces Strong Second Quarter Results
SPARTANBURG, S.C., July 22, 2008 (PRIME NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL), a producer of specialty chemicals, pigments, stainless steel pipe, vessels and process equipment, announces for the second quarter of 2008 a 6% increase in net earnings to $3,391,000, or $.54 per share, on a 20% sales increase to $52,922,000. This compares to net earnings of $3,196,000, or $.50 per share on sales of $43,941,000 in 2007's second quarter. The Company experienced a 22% decline in net earnings for the first 6 months of 2008 to $5,254,000, or $.84 per share, on an 18% sales increase to $103,896,000, compared to net earnings of $6,721,000, or $1.06 per share, on sales of $88,339,000 in the first 6 months of 2007.