latest news releases from the newsroom
Bestway Coach Express, Inc.
Bestway Coach Express, Inc. Shares Commence Quotation on OTCBB
NEW YORK, Aug. 14, 2006 (PRIMEZONE) -- Bestway Coach Express, Inc. (OTCBB:BWCX), a premier provider of motorcoach services, announced today that its common stock commenced quotation on the NASD Over-the-Counter Bulletin Board on June 28, 2006 under the symbol BWCX. The Company became a public reporting company on April 9, 2006, as the result of filing a registration statement on Form 10-SB under the Securities Exchange Act of 1934.
SouthCrest Financial Group, Inc.
SouthCrest Financial Group, Inc. and Maplesville Bancorp to Merge
FAYETTEVILLE, Ga, Aug. 14, 2006 (PRIMEZONE) -- SouthCrest Financial Group, Inc. (OTCBB:SCSG) and Maplesville Bancorp, Clanton, Alabama, announced today the execution of a definitive merger agreement, dated August 11, 2006, whereby Peachtree Bank, a wholly-owned subsidiary of Maplesville Bancorp will become a wholly-owned subsidiary of SouthCrest. Shareholders of Maplesville Bancorp will be entitled to receive an aggregate of approximately 371,000 shares of SouthCrest stock and $7,557,000 in cash. The Agreement is subject to regulatory approval and approval by the Maplesville shareholders. The parties contemplate closing during the fourth quarter.
Renasant Corporation Increases Dividend
TUPELO, Miss., Aug. 14, 2006 (PRIMEZONE) -- The board of directors of Renasant Corporation (Nasdaq:RNST) (the "Company") have approved the payment of a quarterly cash dividend of sixteen cents ($.16) per share to be paid October 2, 2006, to shareholders of record as of September 15, 2006. This action boosts the cash dividend from the current annual rate of $0.60 per share to $0.64 per share. The sixteen cents ($.16) per share dividend is adjusted to reflect the previously announced three-for-two stock split and is the equivalent of a twenty-four cents ($.24) per share dividend prior to the stock split. This increase marks the second dividend increase this year as well as the 19th consecutive year the Company has increased its dividend.
Sonesta International Hotels Corporation
Sonesta International Hotels Corporation Announces 2nd Quarter Results
BOSTON, Aug. 14, 2006 (PRIMEZONE) -- Sonesta International Hotels Corporation (Nasdaq:SNSTA) today reported a net loss of $233,000, or $(0.06) per share, in the quarter ended June 30, 2006, compared to net income of $893,000, or $0.24 per share, in the quarter ended June 30, 2005. Gross revenues were $22,839,000 in the 2006 quarter, compared to $25,900,000 in the 2005 quarter. The Company had operating income of $115,000 in the second quarter of 2006, compared to $2,049,000 during the same period in 2005.