latest news releases from the newsroom
GB&T Bancshares, Inc.
GB&T Bancshares, Inc. Reports 2003 EPS of $1.28 and Declares Quarterly Cash Dividend of $0.09
GAINESVILLE, Ga. , Jan. 26, 2004 (PRIMEZONE) -- GB&T Bancshares, Inc. (Nasdaq:GBTB), a fast-growing multi-bank holding company comprised of five Georgia community banks, reported 2003 net income of $7.7 million, or $1.28 per diluted share, compared to $6.5 million, or $1.32 per diluted share, reported in 2002. Excluding a one-time loss on the sale of an acquired bank's headquarters building of $196,000 after-tax in the second quarter of 2003 and a one-time gain of $410,000 after-tax from the sale of a minority interest in a de novo bank in the fourth quarter of 2002, operating income for 2003 was $7.9 million, or $1.31 per diluted share, compared to 2002 operating income of $6.1 million, or $1.23 per diluted share. Operating income and diluted operating earnings per share for 2003 rose 29.9 percent and 6.5 percent, respectively, over the 2002 adjusted figures. For the fourth quarter of 2003, net income was $2.8 million compared with $2.0 million for the prior-year quarter. Diluted earnings per share were $0.40 for the fourth quarter of 2003 compared to $0.39 for the prior-year quarter. Excluding the one-time gain on sale described earlier, fourth quarter 2002 operating income and diluted operating earnings per share were $1.6 million and $0.31, respectively.
Delaware Chancery Court Gives Green Light To Derivative Action Brought By The Pomerantz Firm Involving `Spinning'
NEW YORK, Jan. 26, 2004 (PRIMEZONE) -- The Delaware Court of Chancery ruled on Friday, January 23, 2004, that a derivative action on behalf of eBay, Inc. (Nasdaq:EBAY), can go forward. The suit, which named as defendants several eBay inside directors and Goldman Sachs Group, alleged that eBay's investment banking advisor, Goldman, engaged in a practice known as "spinning," whereby it allocated shares of lucrative initial public offerings of stock to the defendant directors in exchange for additional investment banking business from eBay. The case seeks to recover for eBay the profits from those transactions.
Lindex open a store in Tallinn
STOCKHOLM, Sweden, Jan. 26, 2004 (PRIMEZONE) -- AB Lindex has signed a lease contract for a store in Estonia. The store, which will be operated as a part of Lindex's Finnish operation, is located in central Tallinn. It is due to open during spring 2004.
eCom eCom.com, Inc. and Freedom 4 Wireless, Inc. Announce the Release of Mobile Broadband 4th Generation Wireless Solutions
ORLANDO, Fla., Jan. 26, 2004 (PRIMEZONE) -- eCom eCom.com, Inc. (OTCBB:ECECE) and Freedom 4 Wireless (F4W) an industry provider and operator of mobile wireless broadband networking solutions and products today announced the release of its 4GEN Mobile Broadband Wireless products and solutions. These combined solutions and products are the underlying technology used to deploy F4W mobile broadband wireless solutions for Homeland Security, Law Enforcement, Emergency Response and Disaster Response Agencies. F4W's unique 4G mobile broadband wireless system provides data, video, audio, and voice services to subscribers on the move, at highway speeds.