latest news releases from the newsroom
NYSE to Suspend Trading in TOUSA Securities; Company to Appeal the Decision
HOLLYWOOD, Fla., Nov. 16, 2007 (PRIME NEWSWIRE) -- TOUSA, Inc. announced today that NYSE Regulation Inc. ("NYSE Regulation") informed the Company that its common stock and debt securities will be suspended on Monday, November 19, 2007 prior to market open. The Company is currently making arrangements for its common stock and debt securities to be traded on alternate markets.
Approach Resources Inc.
Approach Resources Inc. Announces Closing of IPO and Over-Allotment Option
FORT WORTH, Texas, Nov. 16, 2007 (PRIME NEWSWIRE) -- Approach Resources Inc. (Nasdaq:AREX) has closed the previously announced initial public offering of the company's common stock and the sale of shares pursuant to the full exercise of the underwriters' over-allotment option. Approach Resources sold 5,605,377 shares of common stock in the IPO and 993,195 shares pursuant to the underwriters' over-allotment option at $12.00 per share, less underwriting discounts. The selling stockholder sold 2,061,290 shares in the IPO and 156,805 shares pursuant to the underwriters' over-allotment option. Approach Resources will use the net proceeds from the offering to repay debt and to repurchase 2,021,148 shares of common stock held by the selling stockholder at $12.00 per share, less underwriting discounts.
Los Angeles Capital Management
Los Angeles Capital Management Announces Staff Additions
LOS ANGELES, Nov. 16, 2007 (PRIME NEWSWIRE) -- Tom Stevens, Chairman of Los Angeles Capital Management announced today two new additions to the firm, Edwin Ek and Charles Morris. "We are pleased to announce the addition of two seasoned professionals joining our ranks. Los Angeles Capital continues to grow at a steady pace and bringing in quality people is crucial at this point. Their experience and knowledge of the money management business helps to expand the firm's ability to meet client objectives." Los Angeles Capital is a quantitative equity shop offering a broad range of applications to the institutional investment marketplace. Currently the firm has $5.6 Billion in assets under management.
National Corn Growers Association
NCGA Hopeful Farm Bill Will Move Forward
ST. LOUIS, Nov. 16, 2007 (PRIME NEWSWIRE) -- Despite today's vote that delays U.S. Senate action on the 2007 Farm Bill, the National Corn Growers Association (NCGA) remains hopeful that action will take place this year to advance legislation that, among other things, ensures a more market-oriented safety net that better delivers assistance when it is most needed.
Indian Village Community Bank
Indian Village Bancorp, Inc. Announces Earnings for the Three Months Ended September 30, 2007
GNADENHUTTEN, Ohio, Nov. 16, 2007 (PRIME NEWSWIRE) -- Indian Village Bancorp, Inc. (OTCBB:IDVB), (the "Company"), the holding company for and sole shareholder of Indian Village Community Bank, an Ohio savings bank (the "Bank"), today reported results for the three months ended September 30, 2007.
TASER International, Inc.
TASER Foundation Receives $500,000 in Memory of Helicopter Pilot Scott Bowerbank and Photojournalist Jim Cox
SCOTTSDALE, Ariz., Nov. 16, 2007 (PRIME NEWSWIRE) -- The TASER Foundation for Fallen Officers, a 501(c)3 non-profit organization dedicated to provide financial assistance to families of law enforcement officers killed in the line of duty in the U.S. and Canada, today announced that it will receive a donation in the amount of $500,000 during a check presentation ceremony on at 10:30 a.m. on November 19, at Westcor Aviation located at 7305 E. Greenway Rd, Scottsdale, AZ. The gift will establish a permanent endowment fund as part of the TASER Foundation's Legacy Society.
Superior Offshore International, Inc.
Superior Offshore International Executive Management Terminates 10b5-1 Stock Plans
HOUSTON, Nov. 16, 2007 (PRIME NEWSWIRE) -- Superior Offshore International, Inc. (Nasdaq:DEEP) announced today that James J. Mermis, its President and Chief Executive Officer, and Roger D. Burks, its Executive Vice President, Chief Financial and Administrative Officer, have terminated their Rule 10b5-1 trading plans, which had been initiated in part to pay federal income taxes on vested restricted stock grants. The Company's former General Counsel, R. Joshua Koch, Jr., has also terminated his Rule 10b5-1 trading plan.