latest news releases from the newsroom
Firstbank Corporation Announces Fourth Quarter Cash Dividend
ALMA, Mich., Oct. 29, 2008 (GLOBE NEWSWIRE) -- Thomas R. Sullivan, President and Chief Executive Officer of Firstbank Corporation (Nasdaq:FBMI), announced today that a $0.225 per share quarterly cash dividend will be paid December 11, 2008, to shareholders of record as of November 21, 2008.
Athersys Awarded 2008 Product Innovation of the Year by Frost & Sullivan
CLEVELAND, Ohio, Oct. 29, 2008 (GLOBE NEWSWIRE) -- Athersys, Inc. (Nasdaq:ATHX) today announced it has been selected by Frost & Sullivan to receive the 2008 North American Product Innovation of the Year Award. The Company was selected in recognition of its novel stem cell product, MultiStem(r), a therapeutic product candidate in clinical and preclinical development for multiple disease indications, including the treatment of cardiovascular disease, cancer, ischemic stroke, and a range of other conditions involving ischemic injury or immune system function.
ACI Worldwide, Inc.
First Hawaiian Bank Renews Commitment to ACI Online Banking Product
NEW YORK, Oct. 29, 2008 (GLOBE NEWSWIRE) -- ACI Worldwide, Inc. (Nasdaq:ACIW), a leading international provider of software for electronic payment systems, today announced that First Hawaiian Bank, the oldest and largest financial institution in Hawaii, has renewed its commitment to ACI Enterprise Banker.
Firstbank Corporation Announces Third Quarter and Year-to-Date 2008 Results
ALMA, Mich., Oct. 29, 2008 (GLOBE NEWSWIRE) -- Thomas R. Sullivan, President and Chief Executive Officer of Firstbank Corporation (Nasdaq:FBMI), announced earnings per share of $0.10 for the third quarter of 2008 compared to $0.04 in the second quarter of 2008 and to $0.33 in the third quarter of 2007. Net income was $737,000 for the quarter ended September 30, 2008, compared to $292,000 for the quarter ended June 30, 2008 and $2,415,000 for the quarter ended September 30, 2007. Net income and earnings per share remained positive in the third quarter in spite of the write down of the previously disclosed investment in a security related to the government sponsored Federal Home Loan Mortgage Company. Returns on average assets and average equity for the third quarter of 2008 were 0.21% and 2.5%, respectively. All per share amounts are fully diluted.
Generex Biotechnology Corp.
Generex to Host Satellite Symposium At World Congress on Controversies to Consensus in Diabetes, Obesity & Hypertension
WORCESTER, Mass., Oct. 29, 2008 (GLOBE NEWSWIRE) -- Generex Biotechnology Corporation (Nasdaq:GNBT) (http://www.generex.com), the leader in drug delivery for metabolic diseases through the inner lining of the mouth, announced today that, in addition to making three poster presentations of clinical data, it will host a satellite symposium at the 2nd World Congress on Controversies to Consensus in Diabetes, Obesity and Hypertension (www.codhy.com) being held in Barcelona, Spain October 30 - November 2, 2008.
Pain Therapeutics, Inc.
Pain Therapeutics Announces Third Quarter 2008 Financial Results
SAN MATEO, Calif., Oct. 29, 2008 (GLOBE NEWSWIRE) -- Pain Therapeutics, Inc. (Nasdaq:PTIE) today reported financial results for the three and nine months ended September 30, 2008. Net income for the quarter ended September 30, 2008 was $15.2 million, or $0.35 per diluted share, compared to $3.2 million, or $0.07 per diluted share, in the third quarter of 2007. Net income for the nine months ended September 30, 2008 was $16.7 million, or $0.38 per diluted share, compared to $19.2 million, or $0.42 per diluted share, for the same period in 2007. Pain Therapeutics ended the third quarter with $193.2 million in cash, no debt and 41.9 million shares outstanding.
Magma Design Automation
Avnera Standardizes On Magma Implementation Flow -- Cites Fast Design Completion
SAN JOSE, Calif., Oct. 29, 2008 (GLOBE NEWSWIRE) -- Magma(r) Design Automation Inc. (Nasdaq:LAVA), a provider of chip design software, today announced that Avnera Corporation standardized on Magma's implementation software for development of its AvneraAudio(tm) integrated circuits and modules. Avnera, a fabless semiconductor company developing breakthrough technology for wired-quality wireless audio, selected the Magma system for its ability to shorten total turnaround time and get finished chip designs to market faster.