latest news releases from the newsroom
Manhattan Associates Reports Record Fourth Quarter and Full Year Revenue and Earnings
ATLANTA, Feb. 5, 2008 (PRIME NEWSWIRE) -- Leading supply chain optimization provider Manhattan Associates, Inc. (Nasdaq:MANH), today reported record fourth quarter 2007 and full year 2007 revenue and earnings. Manhattan Associates' fourth quarter GAAP diluted earnings per share were $0.33, a 94% increase over the fourth quarter of 2006 on revenue of $85.0 million, a 12% increase. On a non-GAAP basis, adjusted diluted earnings per share were $0.37, a 19% increase over the fourth quarter of 2006.
Rush Enterprises, Inc.
Rush Enterprises, Inc. Conference Call Advisory for Fourth Quarter and Year End 2007 Earnings Results
SAN ANTONIO, Texas, Feb. 5, 2008 (PRIME NEWSWIRE) -- Rush Enterprises Inc., (Nasdaq:RUSHA) (Nasdaq:RUSHB), which operates the largest network of heavy-duty and medium-duty truck dealerships in North America and a construction equipment dealership in Houston, Texas, will host its quarterly conference call to discuss earnings for the fourth quarter and year end 2007 on Wednesday, February 13, 2008 at 11:00 a.m. EST/ 10:00 a.m. CST. Earnings will be reported after the close of market on Tuesday, February 12, 2008.
Klayman & Toskes P.A.
The Securities Law Firm of Klayman & Toskes, P.A. Announces the Filing of An Arbitration Claim Against Morgan Keegan and Regions Financial On Behalf of a Charitable Remainder Trust
BOCA RATON, Fla., Feb. 5, 2008 (PRIME NEWSWIRE) -- The Securities Law Firm of Klayman & Toskes, P.A. ("K&T") (http://www.nasd-law.com) announced today that it filed a lawsuit against Morgan Keegan & Co. and Regions Financial Corp. (NYSE:RF) with the Financial Industry Regulatory Authority ("FINRA"), on behalf of a Charitable Remainder Trust ("CRT"). A CRT is a trust designed to disburse income to the beneficiary of the trust for a specified period of time. Upon the passing of the beneficiary, the principal of the CRT is to be disbursed to the designated charity. The CRT in the arbitration filed by K&T purchased Morgan Keegan Bond Funds to preserve the principal of the trust, and to provide income for the beneficiary. Morgan Keegan represented these Bond Funds to be diversified, "safe", income generating securities. However, the Bond Funds turned out to be concentrated in mortgage related securities, and they declined over 60% during the year 2007. As a result, the CRT has lost the majority of the principal that was designated for the charity.
USA Recycling Industries, Inc.
Voyager Petroleum Acquires Additional Equipment and Retains Engineering Firm
HINSDALE, Ill., Feb. 5, 2008 (PRIME NEWSWIRE) -- Voyager Petroleum Inc. (OTCBB:VYGO) (Frankfurt:DXD) is pleased to announce today that its subsidiary, Monarch Petroleum, Inc., has leased additional processing equipment for its Detroit facility and has retained OZ Packaging and Equipment Company (OZPEC)/Kuchar Consulting International (KCI) out of LaPorte, IN. KCI, sister company of OZPEC, will assist Monarch in machinery design and processes including CAD Design for building layouts, product flow layouts, plant layouts, speed requirements, personnel requirements, efficiency studies, and recommendations for complete line layouts. OZPEC will modify existing equipment to meet Monarch's needs and will also oversee and customize the ongoing installation of electrical, air and water processing systems. OZPEC will also guide the integration of equipment for Monarch as it has in the past for such companies as Abbott Laboratories, Colgate, and Sherwin-Williams. Under the terms of the equipment lease, Monarch will pay 36 monthly payments and has a buyout option at the end of the term. The Company believes that, with the guidance of OZPEC/KCI, its Detroit facility will have the capacity to process approximately 2 million gallons of used oil per month. Sebastien C. DuFort, Voyager's President stated, "A key focus of the company is not only to identify environmentally conscious methods of processing, but to maximize efficiency of our processing equipment." He continued, "We believe OZPEC/KCI, has the expertise in packaging, equipment, maintenance, and plant management to play an integral part in the execution of Monarch Petroleum's business plan." The Company intends to use the plant as a turn-key solution for storing, processing, and bottling reclaimed used oil for use in lubricant oil products that will be sold to the automotive and industrial after-markets.
Amistar Reports Intent to Wind Down Business Affairs and Dissolve
SAN MARCOS, Calif., Feb. 5, 2008 (PRIME NEWSWIRE) -- Amistar Corporation ("the Company") (Pink Sheets:AMTA) today reported plans to wind down operations. On February 5, 2008, the Company's Board of Directors approved a preliminary plan of winding down and dissolution. The Company is in the process of evaluating its outstanding and anticipated obligations and is preparing a formal plan of winding down and dissolution. Subject to consent and approval of the plan of winding down and dissolution by a majority of shares, the Company plans to wind down its business affairs and dissolve in accordance with the laws of the State of California.
Village Profile Tells Chambers of Commerce: 'We'll Pay-Your-Way to State, Regional and National Chamber Conferences'
ELGIN, Ill., Feb. 5, 2008 (PRIME NEWSWIRE) -- President/CEO of Chamber publisher Village Profile (http://www.villageprofile.com/), Dan Nugara, is aggressively promoting a registration reimbursement program to encourage Chamber of Commerce executives and their staffs to attend their state, regional and national Chamber conferences because, says Nugara, "We all know how invaluable Chamber conferences are for education and networking," yet too many Chambers' budgets simply don't allow for conference attendance.
Baldwin & Lyons, Inc.
Baldwin & Lyons, Inc. Announcement of Quarterly Dividend
INDIANAPOLIS, Feb. 5, 2008 (PRIME NEWSWIRE) -- Baldwin & Lyons, Inc. (Nasdaq:BWINA) (Nasdaq:BWINB) announces that at its regular quarterly meeting today, the Board of Directors of Baldwin & Lyons, Inc. declared the regular quarterly dividend of $.25 per share on the Company's Class A and Class B Common Stock. The dividend will be payable March 4, 2008 to shareholders of record on February 19, 2008.
Lantronix, Inc. to Report Second Fiscal Quarter 2008 Financial Results On February 7
IRVINE, Calif., Feb. 5, 2008 (PRIME NEWSWIRE) -- Lantronix, Inc. (Nasdaq:LTRX), a leader in device networking and data center management technologies, will report financial results for the second fiscal quarter ended December 31, 2007, after the market close on Thursday, February 7, 2008. Following the press release, management will conduct a conference call with simultaneous audio webcast at 5:00 p.m. Eastern time. Interim Chief Executive Officer and Chief Financial Officer Reagan Sakai will discuss the second fiscal quarter's results and answer questions.