latest news releases from the newsroom
OccuLogix, dba TearLab, Files Annual Report On Form 10-K and Report of Ernst & Young LLP
SAN DIEGO, April 6, 2009 (GLOBE NEWSWIRE) -- OccuLogix, Inc., dba TearLab Corporation (Tearlab) (Nasdaq:TEAR) (TSX:TLB), announced that its financial statements for the year ended December 31, 2008, filed with its Annual Report on Form 10-K on March 31, 2009, included an audit report of Ernst & Young LLP, its Independent Registered Public Accounting Firm, dated March 25, 2009, which contained a going concern qualification.
Heritage Commerce Corp
Heritage Bank of Commerce to Acquire Branches in Santa Cruz and Monterey
SAN JOSE, Calif., April 6, 2009 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq:HTBK), and its wholly-owned subsidiary, Heritage Bank of Commerce ("Heritage Bank"), today announced the execution of a purchase and assumption agreement with Wachovia Bank N.A., a subsidiary of Wells Fargo & Company, setting forth the terms under which Heritage Bank will acquire two branches of Wachovia Bank, N.A., one in Santa Cruz and one in Monterey, California. As of December 31, 2008, the deposits at the branches were approximately $463 million. No loans will be purchased as part of the transaction. The Monterey branch facility is leased, while the Santa Cruz branch facility results in the transfer of real estate to Heritage Bank. Closing of the transaction is subject to bank regulatory approval and customary closing conditions and is expected to occur during the third quarter of 2009.
Power Integrations, Inc.
Power Integrations to Announce First-Quarter Results On April 23
SAN JOSE, Calif., April 6, 2009 (GLOBE NEWSWIRE) -- Power Integrations (Nasdaq:POWI), the leader in high-voltage integrated circuits for energy-efficient power conversion, will announce its first-quarter financial results after market hours on April 23, 2009. The company will conduct a conference call beginning at 1:30 pm Pacific time. Members of the investment community can join the call by dialing 1-877-719-9789 from within the United States or 1-719-325-4807 from outside the U.S. Live and archived audio webcasts of the conference call will be available on the investor-relations page of the company's website, http://investors.powerint.com.
Volterra Semiconductor Corporation
Volterra Announces Date for First Quarter Earnings Release and Conference Call
FREMONT, Calif., April 6, 2009 (GLOBE NEWSWIRE) -- Volterra Semiconductor Corporation (Nasdaq:VLTR), a leading provider of high-performance analog and mixed-signal power management semiconductors, will issue its financial results for the first quarter ending March 31, 2009, on Monday, April 20, 2009. Jeff Staszak, President and CEO, and Mike Burns, Vice President of Finance and CFO, will host a conference call, which is open to all investors, following the issuance of its earnings release.
Imperial Industries, Inc.
Imperial Industries, Inc. Announces Resignation of Director
POMPANO BEACH, Fla., April 6, 2009 (GLOBE NEWSWIRE) -- Imperial Industries, Inc. (Nasdaq:IPII) (the "Company") today announced that Douglas P. Kintzinger had resigned as a Director of the Company to devote more time to his primary business interests. Mr. Kintzinger had been a Director of the Company since his election to the Board in June 2008.
Northrop Grumman Corp.
Defense Department Selects Northrop Grumman for RFID III Contract
RESTON, Va., April 6, 2009 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) was one of four companies selected to receive a contract to provide radio frequency identification (RFID) hardware, software, and engineering services to the U.S. Department of Defense under the RFID III contract, providing increased network functionality, visibility, and security control.
Ocwen Financial Corp.
Ocwen Financial Corporation Announces Closing of $60 Million PIPE Investment
WEST PALM BEACH, Fla., April 6, 2009 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) is pleased to announce the closing on April 3, 2009 of the previously disclosed agreement to sell 5,471,500 shares of the Company's Common Stock in a private placement transaction for a price of $11.00 per share. The Company realized approximately $60 million in proceeds from this issuance. The purchasers, most of whom are existing Ocwen shareholders, are affiliated with a prominent Boston-based investment management firm, and purchased approximately 8% of the Company's total outstanding shares pursuant to this new issuance. Along with their existing stockholdings, the purchasers own approximately 9.6% of Ocwen's total outstanding shares as of the closing of the transaction.