latest news releases from the newsroom
Credit Acceptance Corporation
Credit Acceptance Announces Operating Results for the First Two Months of 2006
SOUTHFIELD, Mich., March 10, 2006 (PRIMEZONE) -- Credit Acceptance Corporation (Pink Sheets:CACC) (the "Company") announced certain operating results for the first two months of 2006. The operational data set forth in this press release is for informational purposes to be used by investors in making decisions about whether to tender shares in the Company's previously announced modified Dutch auction tender offer. Results for the two months ended February 28, 2006 compared to the same two months in 2005 include the following:
Hudson's Grill International, Inc.
Hudson's Grill Announces the Opening of a New Hudson's Classic Grill in Escanaba, Michigan
DALLAS, March 9, 2006 (PRIMEZONE) -- Hudson's Grill International, Inc. (OTCBB:HGIIA), based in Dallas, Texas, announced today that on March 6, 2006, Cappuccino SD, Inc., opened a Hudson's Classic Grill in Escanaba, Michigan. The Hudson's Grill began serving dinners on March 6, 2006, and the next day, it began serving lunches. The Hudson's Classic Grill is located at 201 North Lincoln Road, Escanaba, Michigan. Escanaba is a city of about 13,000, located in the Upper Peninsula on Lake Michigan.
Toll Brothers, Inc.
Toll Brothers to Webcast Live Its Presentation at the UBS US Home Building and Building Products Conference on Tuesday, March 14, 2006
HORSHAM, Pa., March 9, 2006 (PRIMEZONE) -- Toll Brothers, Inc. (NYSE:TOL), (www.tollbrothers.com), the nation's leading builder of luxury homes, will make a presentation to the investment community via live audio webcast at the UBS US Home Building and Building Products Conference in London, England on Tuesday, March 14, 2006 at 10:15 a.m. EST.
TOUSA Updates Chairman News
HOLLYWOOD, Fla., March 9, 2006 (PRIMEZONE) -- Technical Olympic USA, Inc. (NYSE:TOA) announced that it has learned that the regular Investigating Judge of the 19th Department of the First Degree Court of Athens, Greece is investigating the alleged involvement of Konstantinos Stengos in the improper use of proceeds of certain Technical Olympic S.A. ("TOSA") bank loans which were intended for TOSA's business acquisitions. Mr. Stengos currently serves as the Chairman of the Board of Technical Olympic USA, Inc. (the "Company") and of TOSA, which is the owner of approximately 67% of the Company's outstanding common stock. The investigation also relates to the previously announced allegations that Konstantinos Stengos violated certain Greek laws concerning a 1999 sale of shares of TOSA, and to the alleged involvement of George Stengos, Executive Vice President and a director of the Company, in such transaction. The foregoing information is based principally on disclosures made by TOSA.