latest news releases from the newsroom
China Digital Animation Development, Inc.
Maui General Store Foresees Merger by Year End
HANA, Hawaii, Sept. 18, 2007 (PRIME NEWSWIRE) -- Maui General Store, Inc. (OTCBB:MAUG) announced that it plans to consummate a merger or acquisition by the end of this year. Maui has had several meetings with potential candidates that have strong business histories, good management and high growth potential. Maui's new division, Asia Merger and Acquisition Corp (AMAC), will continue to advise companies on financing and doing public offerings. Several groups that have interests in Vietnam and elsewhere have asked AMAC to be of assistance to them and are in ongoing discussions with them. AMAC, along with their strategic partners and investment groups, exercises legal and accounting due diligence on all companies it works with.
Animal Health International, Inc.
Animal Health International, Inc. Announces Its Fourth Quarter and Fiscal Year 2007 Earnings
WESTLAKE, Texas, Sept. 18, 2007 (PRIME NEWSWIRE) -- Animal Health International, Inc. (Nasdaq:AHII) announced today that net sales increased $12.9 million, or 8.7%, to $159.7 million for the three months ended June 30, 2007, from $146.8 million for the same quarter last year. Operating income was $2.6 million, down $1.9 million from the same quarter last year. This decline in operating income was caused by a non-recurring legal settlement and associated fees of $2.5 million, implementation costs for SOX 404 and other public company related expenses, all of which were not incurred last year as a private company. Operating income adjusted for these items was $5.7 million, up 26.7% over last year. Net loss was ($0.2) million, down $0.9 million from last year's net income of $0.7 million. The causes for the decline were the same as noted above, which amounted to $1.9 million after tax. Net income adjusted for these items would have been $1.7 million, up $1.0 million or 130.3% compared to last year's net income of $0.7 million.