latest news releases from the newsroom
Aventine Renewable Energy Holdings, Inc.
Aventine Establishes New Secured Revolving Credit Facility
PEKIN, Ill., March 23, 2007 (PRIME NEWSWIRE) -- Aventine Renewable Energy Holdings, Inc. (NYSE:AVR), a leading producer, marketer and end-to-end provider of clean renewable energy, today announced the establishment of a new senior secured revolving credit facility. The Company, through certain of its indirect subsidiaries (Aventine Renewable Energy, Inc., Aventine Renewable Energy -- Mt Vernon, LLC and Aventine Renewable Energy -- Aurora West, LLC), has established a new five-year $200 million senior secured revolving credit facility that may, under certain circumstances, increase in amount up to $300 million. The facility will be funded by a consortium of banks, led by JPMorgan Chase Bank, N.A.
Transmeridian Exploration, Inc.
Transmeridian Exploration Announces Retirement of Director
HOUSTON, March 23, 2007 (PRIME NEWSWIRE) -- Transmeridian Exploration Incorporated (AMEX:TMY) today announced that Dr. Fernando J. Zuniga y Rivero, a member of the Company's board of directors, has informed the nominating and governance committee that he will retire from the board effective as of the 2007 annual meeting of stockholders and will not stand for re-election as a director. Dr. Zuniga y Rivero has been a director of the company since April 2005.
Dow Jones & Company
Wall Street Journal Weekend Edition Highlights
NEW YORK, March 23, 2007 (PRIME NEWSWIRE) -- This week's Wall Street Journal Weekend Edition will report on a broad range of informative business and lifestyle stories written by the Journal's award-winning reporters. The week's Weekend Edition will be available via home delivery and newsstands on March 24-25.
NetBank, Inc. Receives NASDAQ Notice of Non-Compliance
ATLANTA, March 23, 2007 (PRIME NEWSWIRE) -- NetBank, Inc. (Nasdaq:NTBK) today announced that on March 20, 2007, it received a staff determination notice from the Nasdaq Stock Market stating that the company's common stock is subject to delisting. The notice, which was anticipated by the company in its current report on Form 8-K filed with the Securities and Exchange Commission on February 15, 2007, was issued in accordance with standard NASDAQ procedures as a result of the delayed filing of the company's Annual Report on Form 10-K for the 2006 fiscal year (the "10-K"). Timely filing of periodic reports is a requirement for continued listing under NASDAQ Marketplace Rule 4310(c)(14).
Miracor Diagnostics, Inc.
Miracor Diagnostics Restructuring Update
SAN DIEGO, March 23, 2007 (PRIME NEWSWIRE) -- Miracor Diagnostics, Inc. (OTCBB:MRDG) has undertaken an effort to restructure its equipment financing as the Company is over-leveraged and the amount of the equipment financing substantially exceeds the fair value of the underlying assets that secure such debts. Cash flow from operations does not support the cash flow required to service such equipment financing. In addition, the recent implementation of the Deficit Reduction Act which cuts certain Medicare payments has had an adverse affect on our industry's revenue, including Miracor's, although we cannot specifically quantify the impact.
WCI Communities, Inc.
WCI Responds to Icahn's Tender Offer
BONITA SPRINGS, Fla., March 23, 2007 (PRIME NEWSWIRE) -- WCI Communities, Inc. (NYSE:WCI) issued the following statement today regarding the announcement by Carl Icahn that he has commenced an unsolicited tender offer to acquire any and all of WCI's outstanding common stock for $22.00 per share.
Guaranty Federal Bancshares, Inc.
Guaranty Federal Bancshares, Inc. Announces Quarterly Dividend
SPRINGFIELD, Mo., March 23, 2007 (PRIME NEWSWIRE) -- Guaranty Federal Bancshares, Inc., (Nasdaq:GFED), the holding company for Guaranty Bank, today announced a quarterly dividend of $0.17 per share on 2,756,522 shares of its common stock to be paid on April 13, 2007, to stockholders of record on April 3, 2007.