latest news releases from the newsroom
Fox & Hound Restaurant Group
Total Entertainment Restaurant Corp. Announces Increase in Stock Repurchase Program, November 12, 2002
WICHITA, Kan., Nov. 12, 2002 (PRIMEZONE) -- Total Entertainment Restaurant Corp. (Nasdaq:TENT) today announced that its Board of Directors has authorized an increase in the Company's stock repurchase program of up to an additional 500,000 shares of the Company's common stock. Today's approval supplements the Board's authorization on October 10, 2002 to purchase up to 500,000 shares of common stock, of which 410,000 shares have already been purchased. The Company said that the timing, price, quantity and manner of purchases will be made at the discretion of management and will depend upon market conditions. The Company said the repurchases may be effected through one or more trading plans that comply with current regulations and may be suspended at any time. The Company will fund the repurchase program through available bank credit facilities.
`The Parent Manual': Learn effective ways to respond to different issues about parenthood
WILMETTE, Ill., Nov. 12, 2002 (PRIMEZONE) -- When authors Derek and Gail Randel were confronted with a big decision involving their 15-year-old son, they had no choice but to follow their hunches and instincts. "We were frightened and felt we had no further options at home. We acted on blind faith," the couple confessed. In their latest book "The Parent Manual" (now available through 1stBooks Library), Derek and Gail attempt to free parents from this dilemma and share their time-tested program called `Parent Smart from the Heart.'
If Women Ruled the World -- New book has women calling the shots while the world is at war
BETHEL PARK, Pa., Nov. 12, 2002 (PRIMEZONE) -- Are women kinder and gentler than men? Do they cause less trouble, less crime? Would the world be a better place if women were in charge of everything and men were, at best, an irrelevance? "The Feminine Solution to All the World's Problems" (now available through 1stBooks Library), by Harold Cramer, is a political suspense novel exploring these questions. It is a story about some people who thought so, and what they tried to do about it.
Blyth, Inc. Affirms Third Quarter and Full Year Earnings Expectations; Increases Cash Flow Estimate
GREENWICH, Conn., Nov. 12, 2002 (PRIMEZONE) -- Blyth, Inc. (NYSE:BTH) a leader in the candles, home fragrance and giftware industry, reiterated today expectations that third quarter Earnings Per Share will be between $0.61 and $0.64 and that full fiscal year 2003 Earnings Per Share will be in excess of $2.00, prior to giving effect to the $0.10 per share impact of change in accounting principle effected by SFAS 142. Including the impact of change in accounting principle effected by SFAS 142, fiscal year 2003 Earnings Per Share are expected to be in excess of $1.90. Management's previous estimate of cash flow from operations of $110 million or higher for fiscal year 2003 has been increased to $125 million or higher due to continued improvements in working capital management. Management anticipates high single-digit sales growth for the full year, and capital expenditures will total approximately $20 million in fiscal year 2003.
Ocwen Financial Corp.
Ocwen Financial Corporation Announces Third Quarter Results for 2002
WEST PALM BEACH, Fla., Nov. 12, 2002 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN) today reported a net loss in the third quarter of 2002 of $(4.0) million or $(0.06) per share compared to a net loss of $(72.9) million or $(1.08) per share in the third quarter of 2001. For the nine months ended September 30, 2002 the Company reported a net loss of $(58.7) million or $(0.87) per share compared to a net loss of $(117.9) million or $(1.75) per share in the same period of 2001.