latest news releases from the newsroom
PIMCO Municipal Advantage Fund
PIMCO Municipal Advantage Fund Inc.
NEW YORK, Feb. 4, 2008 (PRIME NEWSWIRE) -- The Board of Directors of PIMCO Municipal Advantage Fund Inc. (the "Fund") (NYSE:MAF), a closed-end management investment company that seeks a high level of current income exempt from federal income taxes, and Allianz Global Investors Fund Management LLC ("AGIFM"), the Fund's investment manager, today announced that the Fund is adopting a policy intended to reduce the discount to Net Asset Value ("NAV") at which the Fund's common shares have periodically traded. There can be no assurance that the adoption of this policy will result in the reduction of the Fund's discount to NAV.
Rand Capital Corporation
Rand Capital Announces Fourth Quarter Increase in Net Assets
BUFFALO, N.Y., Feb. 4, 2008 (PRIME NEWSWIRE) -- Rand Capital Corporation (Nasdaq:RAND) ("Rand"), a business development company (BDC) that provides capital and managerial expertise for small to medium-sized private companies, announced its financial results for the fourth quarter ended December 31, 2007. Rand's net asset value as of December 31, 2007 was $3.47 per share and Rand's total investment portfolio was valued at $26.5 million, which exceeds its cost basis of $13.4 million, reflecting $13.1 million in net unrealized appreciation. Rand's net asset value per share increased to $3.47 at December 31, 2007 from $2.93 at December 31, 2006 (an 18% increase), and from $1.51 at December 31, 2005 (a 130% increase).
Msnbc.com Investigates State of America's Bridges
REDMOND, Wash., Feb. 4, 2008 (PRIME NEWSWIRE) -- Msnbc.com has reviewed the newly released records from the National Bridge Inventory and issued a two-part report on the state of America's bridges. The findings uncover the wide variation of standards among states and reveal inconsistencies and bad inspection schedules as well as who is accountable for maintaining and improving America's bridges. The special investigative report from Bill Dedman, a Pulitzer Prize-winning journalist at msnbc.com, takes a first look at inspection records through 2006 and is available at http://bridges.msnbc.com
National Restaurant Consultants, Inc.
National Restaurant Consultants, Inc. Launches Restaurant Startup Seminars in Las Vegas, March 4, 2008
DENVER, Feb. 4, 2008 (PRIME NEWSWIRE) -- National Restaurant Consultants, Inc. today announced the launch of RESTAURANT STARTUP SEMINARS. "Our first seminar is scheduled for March 4, 2008 in Las Vegas, Nevada and we are excited to bring this powerful education to restaurant startup entrepreneurs nationwide," says Kevin Moll, CEO of the firm.
Equity Media Holdings Corporation
RTN Announces Two South Dakota Affiliates
LITTLE ROCK, Ark., Feb. 4, 2008 (PRIME NEWSWIRE) -- Retro Television Network (RTN), which is owned and distributed by Equity Media Holdings Corporation (Nasdaq:EMDA), announced today that it will launch RTN affiliates in two South Dakota markets, Sioux Falls and Rapid City. In Sioux Falls, the network will begin airing in March on KAUN, a station owned by J.F. Broadcasting that currently airs ION Television. In Rapid City, RTN programming will launch this summer on a digital stream of KOTA, the local ABC affiliate that is owned by Duhamel Broadcasting.
MarketingExperiments Will Host Live Landing Page Optimizations Online Wednesday, February 6, 2008
JACKSONVILLE BEACH, Fla., Feb. 4, 2008 (PRIME NEWSWIRE) -- MarketingExperiments, a research laboratory dedicated to discovering "what really works" in marketing, announced a free, live web clinic featuring landing page optimization. The one-hour, live webinar is being held on Wednesday, February 6, 2008, at 4 p.m. EST (1 p.m. PST). Participation in the web clinic is free of charge and open to everyone who registers using the following link:
Commonwealth Bankshares, Inc.
Commonwealth Bankshares, Inc., Norfolk, VA, Announces Record Earnings for the Year Ended December 31, 2007
NORFOLK, Va., Feb. 4, 2008 (PRIME NEWSWIRE) -- Commonwealth Bankshares, Inc. (Nasdaq:CWBS) today reported record earnings of $11.2 million for the year ended December 31, 2007, an increase of $1.1 million or 10.7% over the comparable period in 2006. For the quarter ended December 31, 2007, the Company earned $2.7 million compared to $2.8 million reported in the fourth quarter of 2006. On a per share basis, diluted earnings were $1.60 for the year ended December 31, 2007 compared to $1.70 for the same period in 2006. For the quarter ended December 31, 2007, diluted earnings per share was $0.39 as compared to $0.42 for the fourth quarter in 2006. All share and per share amounts have been restated for all periods presented to reflect the eleven-for-ten stock split distributed on June 30, 2006 to shareholders of record on June 19, 2006 and the eleven-for-ten stock split distributed on December 29, 2006 to shareholders of record on December 18, 2006. Earnings per share comparisons were affected by a greater number of shares outstanding in the 2007 periods as a result of the 1.2 million shares of common stock issued in October 2006 from the completion of a $27.5 million private placement of the Company's common stock.