latest news releases from the newsroom
Advanced Environmental Recycling Technologies, Inc.
AERT Nasdaq Update
SPRINGDALE, Ark., Aug. 7, 2009 (GLOBE NEWSWIRE) -- Advanced Environmental Recycling Technologies, Inc. (Nasdaq:AERT), a leading plastic recycler and manufacturer of Green building products, announced today that a one hour presentation to a Nasdaq Hearings Panel was made yesterday in Washington, D.C. The company has requested a 180 day extension to complete its plan to regain compliance. The Panel will consider and evaluate AERT's plan and has up to 30 days to issue a written ruling. The company's Class A common stock will maintain its listing and continue trading as normal in the interim.
High End Ventures, Inc.
High End Ventures, Inc. Announces Election of New Director
ZURICH, Switzerland, Aug. 7, 2009 (GLOBE NEWSWIRE) -- High End Ventures, Inc. (OTCBB:HEVE) announces an increase in the size of its Board of Directors to two and the election of Ms. Slenda Chan as a director.
Connecticut Water Service, Inc.
Connecticut Water Service, Inc. Reports Second Quarter Earnings
CLINTON, Conn., Aug. 7, 2009 (GLOBE NEWSWIRE) -- Connecticut Water Service, Inc. (Nasdaq:CTWS) announced that unusually wet weather in the second quarter led to a 6 percent decline in water production compared to the same period in 2008 and adversely impacted the Company's revenues and net income in the second quarter of 2009. In 2009, Connecticut had its 13th wettest June in the past 115 years with 6.28 inches of rain, according to the Northeast Climate Center (NCC). June 2009 rainfall was approximately 23 percent higher than 2008 when 5.11 inches of rain fell in the state. In addition, according to the NCC, the average temperature in June was the coolest experienced in Connecticut in 24 years.
Tanger Factory Outlet Centers, Inc.
Tanger Outlets Founder, Stanley K. Tanger Retires as Chairman of the Board
GREENSBORO, N.C., Aug. 7, 2009 (GLOBE NEWSWIRE) -- Tanger Factory Outlet Centers, Inc. (NYSE:SKT) today announced that Stanley K. Tanger has notified the Company that, effective September 1, 2009, he will retire as an employee of the Company and resign as Chairman of the Board. Pursuant to Mr. Tanger's employment agreement, as agreed upon by the Company and Mr. Tanger, he will receive a cash severance amount of $ 3.4 million. Additionally, the Board has approved, upon his retirement, the vesting of 216,000 of the Company's common shares granted to Mr. Tanger pursuant to the Company's Amended and Restated Incentive Award Plan which, under the terms of the initial grant, were not yet fully vested. The Company's Board of Directors currently expects to name a new Chairman prior to the effective date of Mr. Tanger's retirement. Mr. Tanger will continue to serve as a member of the Company's Board of Directors.
UPDATING and REPLACING -- DemandTec to Present At the Pacific Crest 11th Annual Technology Leadership Forum
SAN CARLOS, Calif., Aug. 7, 2009 (GLOBE NEWSWIRE) -- In a release issued on August 4, 2009, by DemandTec (Nasdaq:DMAN), under the same headline, please note that the Company's presentation date and time has been changed and is now scheduled for Tuesday, August 11, 2009 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). The updated release follows:
Nature Vision, Inc.
Nature Vision, Inc. Announces Plan to Voluntarily Delist From NASDAQ
BRAINERD, Minn., Aug. 7, 2009 (GLOBE NEWSWIRE) -- Nature Vision, Inc. (the Company) (Nasdaq:NRVN) announced today it has notified the NASDAQ Stock Market ("NASDAQ") of its intent to voluntarily delist its common stock from the NASDAQ Capital Market. The Company currently anticipates that, on or about August 17, 2009, it will file with the Securities and Exchange Commission and NASDAQ a Form 25 relating to the delisting of its common stock. Accordingly, the Company anticipates that trading of its common stock on the NASDAQ Capital Market will be suspended on or about August 10, 2009.
Nalco Declares Quarterly Dividend
NAPERVILLE, Ill., Aug. 7, 2009 (GLOBE NEWSWIRE) -- Nalco (NYSE:NLC), providing essential expertise for water, energy and air, announced today that the Company's Board of Directors has declared a quarterly cash dividend payment of 3.5 cents per share payable on Oct. 2, to shareholders of record on Sept. 15.
Prudential Bancorp, Inc.
Prudential Bancorp, Inc. of Pennsylvania Announces Third Quarter Results
PHILADELPHIA, Aug. 7, 2009 (GLOBE NEWSWIRE) -- Prudential Bancorp, Inc. of Pennsylvania (the "Company") (Nasdaq:PBIP), the "mid-tier" holding company for Prudential Savings Bank (the "Bank"), today reported a net loss of $226,000, or $0.02 per diluted share, for the quarter ended June 30, 2009 as compared to a net loss of $3.6 million, or $0.33 per diluted share, for the same period in 2008. For the nine months ended June 30, 2009, the Company recognized a net loss of $1.3 million, or $0.12 per diluted share, compared to a net loss of $3.6 million, or $0.33 per diluted share, for the comparable period in 2008. The net losses reported for both the three and nine months ended June 30, 2009 were primarily due to provisions for loan losses and non-cash other-than-temporary impairment ("OTTI") charges related to certain of the non-agency mortgage-backed securities received as a result of the previously reported redemption in kind during the third quarter of fiscal 2008 of the Company's investment in a mutual fund.