latest news releases from the newsroom
U-Haul International, Inc.
U-Haul Ranks Georgia and Delaware As Top 2006 Growth States
PHOENIX, March 14, 2007 (PRIME NEWSWIRE) -- U-Haul, celebrating more than 60 years of serving the do-it-yourself household moving industry, today released results of the U-Haul National Migration Trend Report, reflecting the nation's top growth states for families who moved during 2006. The report, 2006 Top 10 U.S. Growth States Report, indicates that for states with more than 20,000 families moving, Georgia had the highest percentage of growth, with 5.52 percent more families moving into the state than out. For states with 5,000 - 20,000 families moving, Delaware had the highest percentage of growth, with 5.81 percent.
uBid.com Holdings, Inc.
'SuperBowl Belly' Baby Born
CHICAGO, March 14, 2007 (PRIME NEWSWIRE) -- uBid.com, one of the largest online auction sites in the U.S., announced today its "Bear Belly Baby Pool" contest winners. Jennifer Gordon was the pregnant Bears fan that sparked global interest with the unprecedented "Bear Belly" promotional campaign to acquire tickets to watch her much-loved Bears in SuperBowl XLI.
OrthoLogic Announces Year End 2006 Financial Results
TEMPE, Ariz., March 14, 2007 (PRIME NEWSWIRE) -- OrthoLogic Corp. (Nasdaq:OLGC) today announced financial results for the year ending December 31, 2006. Net loss was $31.9 million, or $0.78 per share versus a net loss of $27.2 million or $0.72 per share for the year ended December 31, 2005. The $4.7 million increase in net loss for 2006 compared to the same period in 2005 results primarily from $2.8 million of stock compensation expense, recognition of a $2.1 million Chrysalin product platform patent impairment loss, $8.4 million of in-process research and development costs related to the acquisition of the AZX100 technology platform and recognition of income tax expense related to the recording of a valuation allowance of $1.1 million for a deferred tax asset related to an Alternative Minimum Tax credit carryover. These items were partially offset by the decrease in fracture repair clinical trial activity compared to the same period in 2005 and a general reduction of expenses due to cost containment efforts. Cash used in operations in 2006 was $18.9 million. Our cash position was favorably impacted by the receipt of $3.0 million from the exercise of stock options and the NovaQuest transactions, whereby we sold a total of 1,262,531 shares of our common stock for gross proceeds of $3.5 million.
U-Haul International, Inc.
U-Haul Names Toronto as Top 2006 Canadian Destination
PHOENIX, March 14, 2007 (PRIME NEWSWIRE) -- U-Haul, celebrating more than 50 years of serving the do-it-yourself household moving industry in Canada, today released results of the 2006 U-Haul National Migration Trend Report titled "Top 25 Canadian Destination Cities." According to moving data reflective of nationwide statistics for calendar year 2006, Toronto was ranked No. 1 for the fifth year in a row, while Calgary, Edmonton and Montreal all held their positions respectively for the third year in a row. Ottawa, Vancouver, London, Victoria, Hamilton and Quebec City rounded out the top 10.