latest news releases from the newsroom
Highway Holdings Limited
Highway Holdings Reports Fiscal 2007 Third Quarter Results
HONG KONG, Feb. 14, 2007 (PRIME NEWSWIRE) -- Highway Holdings Limited (Nasdaq:HIHO) today reported results for its third fiscal quarter ended December 31, 2006 -- reflecting improvements of operations due to the company's reorganization last fiscal year and its refocused business strategy. The financial results include the company's new tooling and metal operations, located in Wuxi, China, and its Golden Bright Plastic Manufacturing Limited operations that it acquired in September 2006.
Trans-Global Capital Management, Inc.
Clear Cut Film and Technology Studios, Inc. Announces a Name Change to Trans-Global Capital Management, Inc., a Symbol Change, Changes to Its Business Direction, and Changes to Its Officers and Directors
PHOENIX, Feb. 14, 2007 (PRIME NEWSWIRE) -- Clear Cut Film and Technology Studios, Inc. (Pink Sheets:CFTG) announced today that it is has changed its name to Trans-Global Capital Management, Inc., a symbol change (Pink Sheets:TGCM), and released some details about its immediate business direction.
BlueLinx Partners With Fletcher Wood Solutions to Distribute Lifespan Wood Products
ATLANTA, Feb. 14, 2007 (PRIME NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE:BXC), a leading distributor of building products in North America and a Fortune 500 company, today announced a new relationship with Fletcher Wood Solutions to distribute and support Fletcher's LIFESPAN(tm) wood trim products. Fletcher Wood Solutions is the Annapolis, Md.-based subsidiary of Tenon Limited (NZX:TEN), a New Zealand-based wood products manufacturer and distributor.
First Solar, Inc.
First Solar to Supply Modules for 40 MW Solar Plant
PHOENIX, Feb. 14, 2007 (PRIME NEWSWIRE) -- First Solar, Inc. (Nasdaq:FSLR) announced today that it will supply solar modules for a 40-megawatt solar power plant that will be constructed in the Saxon region of Germany in the municipality of Brandis by juwi solar GmbH. Upon completion, the project will be one of the largest photovoltaic projects ever constructed. Project construction is scheduled to begin in the second quarter of 2007 and is expected to be completed within 30 months.
Crown Crafts, Inc.
Crown Crafts, Inc. Reports Results for Third Quarter of Fiscal Year 2007
GONZALES, La., Feb. 14, 2007 (PRIME NEWSWIRE) -- Crown Crafts, Inc. (the "Company") (OTCBB: CRWS) today reported net income for the third quarter of fiscal year 2007, which ended December 31, 2006, of $0.6 million, or $0.06 per diluted share, compared to net income of $1.1 million, or $0.05 per diluted share, for the third quarter of fiscal year 2006. Excluding valuation allowances approximating $550,000 relating to the anticipated closure of Churchill Weavers, Inc., a wholly-owned subsidiary of the Company, net income for the third quarter of fiscal year 2007 would have been $1.2 million, or $0.11 per diluted share. As a result of the Company's debt refinancing in July 2006, diluted shares decreased from 21.7 million to 10.3 million for the current year quarter as compared to the prior year quarter.