latest news releases from the newsroom
OptimumBank Holdings, Inc.
OptimumBank Holdings Announces Lower Quarterly Earnings
FORT LAUDERDALE, Fla., April 18, 2007 (PRIME NEWSWIRE) -- OptimumBank Holdings, Inc. (Nasdaq:OPHC), holding company for OptimumBank, reported net income of $414,973 or $.15 per basic share and $.14 per diluted share for the first quarter ended March 31, 2007, compared to net income of $516,312 or $.18 per basic and diluted share for the prior year quarter ended March 31, 2006. Chairman of the Board, Albert Finch, said, "We continue to see reports of a weak real estate market in South Florida. The decrease in quarterly earnings versus last year is primarily the result of increasing the Company's provision for loan losses in anticipation of any problems that may arise with continued weakness in the market."
Abbey Named Vice President, Contract Sales At SYSCO Corporation
HOUSTON, April 18, 2007 (PRIME NEWSWIRE) -- SYSCO Corporation (NYSE:SYY), North America's largest foodservice marketer and distributor, announced today that Richard E. Abbey has been promoted to vice president, contract sales. Mr. Abbey, who currently serves as assistant vice president, contract sales, will assume his new position effective July 1, 2007.
Vertical Branding, Inc.
Nancy Duitch, CEO of Vertical Branding, Inc. Featured in Exclusive Interview With RedChip Radio
LOS ANGELES, April 18, 2007 (PRIME NEWSWIRE) -- Vertical Branding, Inc. (OTCBB:VBDG), a consumer products branding, marketing and distribution company, today announced that Nancy Duitch, the Company's CEO, was featured in an exclusive interview with RedChip Radio(tm). RedChip Radio(tm) is a radio news forum addressing general market and small-cap news. Additionally, RedChip Radio(tm) features interviews with CEOs and prominent small-cap executives.