latest news releases from the newsroom
Brodsky & Smith, LLC
Law Offices of Brodsky & Smith, LLC Evaluating Investor Options Regarding Possible Misconduct by BEA Systems, Inc. Management Concerning Oracle Buyout Offer
BALA CYNWYD, Pa., Oct. 17, 2007 (PRIME NEWSWIRE) -- Law offices of Brodsky & Smith, LLC announces that it is evaluating the legal ramifications of the proposed acquisition of BEA Systems, Inc. ("BEA" or the "Company") (Nasdaq:BEAS) by Oracle Corp. ("Oracle") (Nasdaq:ORCL). On October 12, 2007, Oracle announced an unsolicited offer for BEA at $17.00 per share. That same day, BEA rejected the Oracle offer. BEA has not, however, announced an auction for the Company or announced any negotiations with Oracle to raise the bid.
NS8 Corp. Retains AGORACOM to Provide Investor Relations and Social Network for Shareholders
LOS ANGELES, Oct. 17, 2007 (PRIME NEWSWIRE) -- NS8 Corporation ("NS8") (OTCBB:NSEO) announces that it has retained the services of AGORACOM Investor Relations ("AGORACOM") (http://www.agoracom.com) to provide online investor relations to the Company including, a Web 2.0 social network service for its shareholders and Tier-1 awareness through the world's biggest websites for the purpose of expanding its market and investor communications.
MBT Financial Corp.
MBT Financial Corp. Reports Third Quarter 2007 Earnings
MONROE, Mich., Oct. 17, 2007 (PRIME NEWSWIRE) -- MBT Financial Corp. (Nasdaq:MBTF), the parent company of Monroe Bank & Trust, reported net income for the third quarter of 2007 of $3.2 million, or $0.20 per diluted share, compared to a net loss of $1.1 million, or $0.07 per diluted share in the third quarter of 2006. For the first nine months of 2007, MBT reported net income of $10.4 million, or $0.63 per diluted share, compared to the $32,000, or $0.00 per diluted share earned in the first nine months of 2006. The 2006 results were negatively impacted by charges related to an investment portfolio restructuring in the second quarter and a sale of problem assets in the third quarter.
Purple Communications, Inc.
GoAmerica(R) Receives Nasdaq Letter Regarding Financing Technicality and Confirmation of Regaining Compliance
HACKENSACK, N.J., Oct. 17 -- GoAmerica, Inc. (Nasdaq: GOAM), a provider of communications services for people who are deaf, hard-of-hearing, or speech-disabled, today announced that it had received a letter from Nasdaq, dated October 16, 2007. The letter states that the Company violated Marketplace Rule 4350(i) in connection with the issuance of shares of its Series A Preferred Stock in August 2007, because, while the conversion of the Preferred Stock into Common Stock without shareholder approval was restricted in the Certificate of Designation, the restriction was only applicable while the Company's Common Stock was listed on Nasdaq or another exchange. The letter also states that the Company has regained compliance with the Rule by forwarding to Nasdaq a copy of an agreement between the purchaser of the Series A Preferred Stock and the Company confirming that such restriction on conversion will remain in place until shareholder approval has been obtained.