latest news releases from the newsroom
Ultrapetrol (Bahamas) Limited
Ultrapetrol (Bahamas) Limited Announces Release Date for Second Quarter 2008 Financial Results and Hosting of Conference Call
NASSAU, Bahamas, July 29, 2008 (PRIME NEWSWIRE) -- Ultrapetrol (Bahamas) Limited (Nasdaq:ULTR) will release its second quarter 2008 financial results on Tuesday, August 12, 2008, after the close of stock market trading. Ultrapetrol will host a related conference call on Wednesday, August 13, 2008, at 10:00 a.m. Eastern Time, accessible via telephone and Internet with an accompanying slide presentation.
PAB Bankshares, Inc.
PAB Bankshares, Inc. Announces Second Quarter 2008 Financial Results
VALDOSTA, Ga., July 29, 2008 (PRIME NEWSWIRE) -- On Tuesday, July 29, 2008, PAB Bankshares, Inc. (Nasdaq:PABK), the holding company for The Park Avenue Bank, announced its financial results for the three months ended June 30, 2008. The Company reported net income of $1.5 million, or $0.15 per diluted share(1), for the second quarter of 2008, a 13% increase compared to net income of $1.3 million, or $0.14 per diluted share(1), for the first quarter of 2008, but a 55% decrease compared to net income of $3.2 million, or $0.33 per diluted share(1), for the second quarter of 2007. "Despite the difficult operating environment and the significant level of resources that we have had to deploy to address problem real estate loans, we continue to run a profitable, well-capitalized bank," stated Company President and CEO M. Burke Welsh, Jr.
Anchorage Joins LED City Initiative to Improve Light Quality and Reduce Energy Costs
DURHAM, N.C., July 29, 2008 (PRIME NEWSWIRE) -- Cree, Inc. (Nasdaq:CREE), a market leader in LED lighting, and the Municipality of Anchorage today announced Anchorage's participation in the LED City(r) program, an international program that promotes the deployment of energy-efficient LED lighting. Anchorage Mayor Mark Begich announced his city's participation in conjunction with an energy-related initiative calling for the retrofit of all 16,000 municipal roadway lights with high-efficiency LED fixtures.
Nalco Continues Delivering Rapid Revenue Growth
NAPERVILLE, Ill., July 29, 2008 (PRIME NEWSWIRE) -- Nalco Holding Company (NYSE:NLC) continued strong sales momentum in the second quarter, with revenues up 9.8 percent to $1.066 billion. Diluted earnings per share jumped 10.7 percent to 31 cents from the year-earlier 28 cents per share due to a lower effective tax rate.
Franklin Bank Corp. Receives Non-Compliance Notification From NASDAQ
HOUSTON, July 29, 2008 (PRIME NEWSWIRE) -- On July 23, 2008, Franklin Bank Corp. (Nasdaq:FBTX) (AMEX:FBK-P) ("Franklin"), received a letter from the NASDAQ Stock Market ("Nasdaq") indicating that, for the prior 30 consecutive business days, Franklin's common stock had not maintained the minimum bid price of $1.00 per share required for continued listing, as set forth in Nasdaq Marketplace Rule 4450(a)(5) (the "Minimum Bid Price Rule"). This notification will not impact the listing of Franklin's common stock at this time. Franklin's common stock will continue to trade on the NASDAQ Global Select Market under the symbol "FBTX."
MedAvant Announces Receipt of NASDAQ Notice of Delisting
ATLANTA, July 29, 2008 (PRIME NEWSWIRE) -- MedAvant Healthcare Solutions (the Company) (Nasdaq:PILL) today announced that on July 23, 2008 it received a Staff Determination Letter (the "Letter") from The Nasdaq Stock Market ("Nasdaq") notifying the Company that the staff of Nasdaq's Listing Qualifications Department determined, using its discretionary authority under Nasdaq Marketplace Rule 4300 and IM-4300, that the Company's common stock would be delisted from Nasdaq. The Letter further stated that Nasdaq would suspend trading in the Company's common stock at the opening of trading on August 1, 2008 and then file a Form 25-NSE with the Securities and Exchange Commission to deregister the Company's common stock, unless the Company appeals Nasdaq's delisting determination. Nasdaq's determination to delist the common stock was based on the Company's filing for voluntary reorganization under Chapter 11 of the U.S. Bankruptcy Code on July 23, 2008, the associated public interest concerns raised by the filing of the Chapter 11 case, concerns regarding the residual equity interests of existing holders of the Company's common stock, and the Company's ability to sustain compliance with all of Nasdaq's continued listing requirements.
NASCAR Angels and Exide Batteries Team Up to Bring Fans Summer Sweepstakes
ALPHARETTA, Ga., July 29, 2008 (PRIME NEWSWIRE) -- NASCAR Angels, a weekly, reality television program from NASCAR(r) that hits the road to help those in desperate need of a transportation fix, is teaming up with Exide(r) Batteries -- the official battery of NASCAR -- to reward even more NASCAR fans this summer. The Charge Up Your Summer Sweepstakes runs from July 26 through August 24, and gives fans around the country the chance to win a year's supply of gas and an electronic prize package for their vehicle. Exide(r) batteries are manufactured and marketed by Exide Technologies (Nasdaq:XIDE) (www.exide.com), a global leader in stored electrical-energy solutions.
Capital Southwest Corporation
Capital Southwest Announces 06/30/08 Net Asset Value
DALLAS, July 29, 2008 (PRIME NEWSWIRE) -- Capital Southwest Corporation (Nasdaq:CSWC) today reported net assets at June 30, 2008 of $581,836,149, equivalent to $149.85 per share. Comparative annual data is summarized below:
AmTrust Financial Services, Inc.
AmTrust Financial Services, Inc. Announces Quarterly Dividend
NEW YORK, July 29, 2008 (PRIME NEWSWIRE) -- AmTrust Financial Services Inc. (Nasdaq:AFSI), today announced that its Board of Directors approved a quarterly cash dividend of $0.05 per share of common stock, which represents a 25% increase in the quarterly dividend rate. The dividend is payable on October 13, 2008 to shareholders of record as of October 2, 2008.