latest news releases from the newsroom
UnderSea Recovery Corporation
News of Spain Going After Sunken Treasure a Big Plus for Legal Access Technologies, Inc.
ATLANTA, July 17, 2009 (GLOBE NEWSWIRE) -- Monday's blockbuster news concerning Spain's decision to search for sunken treasure in its territorial waters represents an enormously positive development for Legal Access Technologies, Inc., operating as UnderSea Recovery Corporation (Pink Sheets:LGAL). News articles released on Monday reported that Spain, a country that has opposed historic treasure salvage for many years, has ordered its navy to look for huge gold and silver reserves that were lost at sea in the 16th century. According to these reports, naval mine sweepers are set to commence radar and sonar surveys to attempt to locate shipwrecks on the seabed off the southern coast of Spain. The value of the gold and silver treasure, which is believed to include Inca and Aztec artifacts, is estimated at $140 billion dollars. The wrecks to be sought were heavily laden treasure ships that went down in bad weather as they were returning to Cadiz from South America. One of the news reports also estimated the total number of treasure-laden shipwrecks in the world's oceans to number 3,000.
OptimumBank Holdings, Inc.
OptimumBank Holdings Announces Second Quarter and Six-Month Loss
FORT LAUDERDALE, Fla., July 17, 2009 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (Nasdaq:OPHC), holding company for OptimumBank, reported a net loss of $677,769 or $.22 per basic share for the six-month period ended June 30, 2009 compared to net income of $817,825 or $.26 per basic share for the same period last year. Chairman of the Board, Albert Finch, said, "The net loss for the six-month period was caused by an after tax loss of $1.0 million from the sale of one non-performing loan on a high-end residential property located in Naples, Florida. He also noted, "We are disappointed in our results, but in this difficult economy, we must take a pro-active approach to selling non-performing loans."
Solara Remote Data Delivery Incorporated
Photo Release -- Solara Launches Global, 2-Way Handheld Interactive Satellite Text Messenger
WINNIPEG, Manitoba, July 17, 2009 (GLOBE NEWSWIRE) -- Solara Remote Data Delivery Incorporated announced today the release of the Field Tracker 2100, an interactive text messenger with automatic GPS tracking and 2-way communications anywhere on earth. The Solara Field Tracker 2100 operates over the Iridium satellite network, making it the only handheld device with on-screen interactive text messaging and GPS tracking with truly global coverage.
iGATE Corporation Announces It is Temporarily in Non-Compliance With NASDAQ Marketplace Rule 4350 Following the Resignation of a Board Member
FREMONT, Calif., July 17, 2009 (GLOBE NEWSWIRE) -- iGATE Corporation ("iGATE") (Nasdaq:IGTE), an integrated Technology and Operations (iTOPS) company, announced today that it received a letter from The NASDAQ Stock Market notifying the company that it no longer complies with NASDAQ's requirements for a majority of independent directors on its Board of Directors as set forth in Marketplace Rule 5605. Following the resignations of Michel Berty and Ed Yourdon from iGATE's Board of Directors on June 24, 2009, and the subsequent appointment of Martin McGuinn on July 6, 2009, iGATE was left with three independent directors and three non-independent directors serving on its Board of Directors.