latest news releases from the newsroom
Alphatec Holdings, Inc.
Alphatec Holdings, Inc. Announces the Commercial Introduction of Its Unique DYNAMO Semi-Rigid Spinal System
CARLSBAD, Calif., Jan. 16, 2008 (PRIME NEWSWIRE) -- Alphatec Holdings, Inc. (Nasdaq:ATEC), a medical device company focused on the design, development, manufacturing and marketing of products for the surgical treatment of spine disorders, today announced that its unique DYNAMO(tm) Semi-Rigid Spinal System has been successfully introduced. Alphatec's complete solution combines the DYNAMO(tm) Semi-Rigid Rod with the rigid stabilization of Alphatec's ZODIAC(tm) Spinal Fixation System to offer a new segmental solution for treating different stages of spinal degeneration at contiguous levels. The DYNAMO provides surgeons with the flexibility to address varying degenerative indications and patient needs by matching the magnitude of stabilization needed for each of the multiple levels of spinal degeneration.
Foundry Networks, Inc.
Foundry Networks Continues Its IP Communications Leadership At TMC's ITEXPO East 2008
SANTA CLARA, Calif. and MIAMI BEACH, Fla., Jan. 16, 2008 (PRIME NEWSWIRE) -- Foundry Networks(r), Inc. (Nasdaq:FDRY), a performance and total solutions leader for end-to-end switching and routing, today announced it is continuing its IP communications networking leadership by sharing approaches and solutions to Voice over IP (VoIP) security challenges in the enterprise at TMC's INTERNET TELEPHONY Conference and EXPO (ITEXPO) East 2008. The session will occur on Jan. 23, 2008, and ITEXPO will take place from Jan. 23 to 25, 2008 at the Miami Beach Convention Center. Confirming Foundry's(tm) IP communications leadership, TMC's INTERNET TELEPHONY magazine recently awarded Foundry's VoIP and Power over Ethernet (PoE) ready FastIron GS Series Layer 2 switches Product of the Year Award for 2007.
Colony Bankcorp, Inc.
Colony Bankcorp, Inc. Announces Fourth Quarter Results
FITZGERALD, Ga., Jan. 16, 2008 (PRIME NEWSWIRE) -- Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported quarterly net income of $752,000 for the fourth quarter of 2007, down 71.20 percent from fourth quarter 2006 net income of $2,611,000. The reduction in earnings was the direct result of additional loan loss provisions due to the elevated risk of residential real estate and land development loans given the downturn in the real estate market during the past six months. Fourth quarter 2007 provision for loan losses were $3,253,000 compared to $997,000 for the same period in 2006 and to $850,000 for third quarter 2007. The increased provision is directly tied to higher risk in the residential and land development real estate loan portfolio and non-performing assets increasing to $16.35 million, or 1.73% of total loans and other real estate owned as of December 31, 2007. This compares to $9.05 million, or 0.96 percent as of December 31, 2006 and to $7.36 million, or 0.76% of total loans and other real estate as of September 30, 2007.