latest news releases from the newsroom
Key Technology, Inc.
Key Technology Announces Cost Reductions to Address Current Economic Conditions
WALLA WALLA, Wash., March 26, 2009 (GLOBE NEWSWIRE) -- Key Technology, Inc. (Nasdaq:KTEC) announced today it is taking a variety of cost reduction initiatives during fiscal 2009 to maintain profitability for the fiscal year. These cost reduction initiatives include a planned reduction of approximately 7% in its global workforce. The initiatives also include cancellation of fiscal year cash and stock incentive awards, temporary reductions in pay for all U.S. personnel, suspension of 401(k) matching, mandatory leave and other cost reduction measures.
InfoLogix to Report Financial Results for Fourth Quarter and Year Ended 2008
HATBORO, Pa., March 26, 2009 (GLOBE NEWSWIRE) -- InfoLogix, Inc. (Nasdaq:IFLG), a leading technology provider of enterprise mobility solutions for the healthcare and commercial industries, will release financial results for the fourth quarter and year ended December 31, 2008 after close of market on Monday, March 30, 2009. President and Chief Executive Officer David Gulian and Chief Financial Officer Jay Roberts will host a conference call to discuss the results with the financial community at 9:00 a.m. eastern time on Tuesday, March 31, 2009.
FreeSeas Inc. Announces 2008 Fourth Quarter and Year End Financial Results
PIRAEUS, Greece, March 26, 2009 (GLOBE NEWSWIRE) -- FreeSeas Inc. (Nasdaq:FREE) (Nasdaq:FREEW) (Nasdaq:FREEZ) ("FreeSeas" or the "Company"), a transporter of dry bulk cargoes through the ownership and operation of a fleet of seven Handysize vessels and two Handymax vessels, today announced financial results for its fourth quarter and year ended December 31, 2008.
Telvent GIT S.A.
Telvent Announces Dividend Payment
MADRID, Spain, March 26, 2009 (GLOBE NEWSWIRE) -- Telvent GIT, S.A. (Nasdaq:TLVT), today announced that a cash dividend of EURO 0.36 per share recommended by the board of directors was approved at the Ordinary Shareholders Meeting, held on March 26, 2009. The dividend, less applicable Spanish withholding taxes, is payable to shareholders of record on April 28, 2009, and will be payable in U.S. dollars on May 12, 2009, at the official exchange rate set by the Spanish "Boletin Oficial del Estado" for March 26, 2009.
1st Pacific Bancorp
FPBN Finalizes 2008 Results
SAN DIEGO, March 26, 2009 (GLOBE NEWSWIRE) -- 1st Pacific Bancorp (Nasdaq:FPBN), the holding company for 1st Pacific Bank of California ("1st Pacific"), today announced a change to its previously reported preliminary financial results. The 2008 preliminary financial results were initially reported in a press release dated January 30, 2009, and attached as an exhibit to 1st Pacific's Current Report on Form 8-K filed with the Securities Exchange Commission on the same date. The resulting adjusted net loss for the year ended December 31, 2008, was $21,859,985 or $4.41 per share. As previously announced, included in the net loss for the year was the non-cash write down of goodwill in the amount of $10,364,000. The write down of goodwill did not impact 1st Pacific's regulatory capital ratios or tangible capital.
Netherlands Board of Tourism & Conventions
Queen Beatrix of The Netherlands Opened 60th Edition of International Flower Exhibition Keukenhof in Lisse
LISSE, The Netherlands, March 26, 2009 (GLOBE NEWSWIRE) -- By baptizing the new "Spring Garden" tulip Her Majesty Queen Beatrix of The Netherlands officially opened the 60th edition of the international flower exhibition Keukenhof on March 18, 2009. In this jubilee year the theme 'USA, New Amsterdam: New York, 400' strengthens the bond of friendship with the numerous American visitors. Approximately 10 percent of visitors at Keukenhof come from the United States. Four centuries ago discoverer Henry Hudson stepped ashore on what is now Manhattan -- on behalf of the "Vereenigde Oostindische Compagnie," the Dutch East India Company, which in those times ruled the seas -- thus establishing New Amsterdam, later re-named New York.