latest news releases from the newsroom
The Pomerantz Firm Charges Municipal Mortgage & Equity, LLC With Securities Fraud
NEW YORK, March 6, 2008 (PRIME NEWSWIRE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) ("Pomerantz") has filed a class action lawsuit (Naomi Raphael v. Municipal Mortgage & Equity, LLC et al (08-cv-02190)) in the United States District Court, Southern District of New York, against Municipal Mortgage & Equity, LLC ("MuniMae" or the "Company") and certain officers of the company. The class action was filed on behalf of purchasers of the securities of the Company during the period from May 3, 2004 through January 28, 2008, inclusive (the "Class Period"). The complaint alleges violations of Section 10(b) and Section 20(a) of the Securities Exchange Act, and Rule 10b-5 promulgated there under.
Alternative Construction Technologies, Inc.
Alternative Construction Technologies Expands 'Green' Energy-Efficient Business Through Subsidiary
MELBOURNE, Fla., March 6, 2008 (PRIME NEWSWIRE) -- Alternative Construction Technologies, Inc. (OTCBB:ACCY) announced today that its Alternative Construction by Revels, Inc. division in Bradenton, FL, a.k.a. AC by Revels, has received several new residential construction contracts under its master agreements with two separate Florida counties. DeSoto County Disaster Recovery (DCDR) has just awarded three new home contracts under its home replacement program pursuant to losses sustained from Hurricane Charlie in late 2004. Separately, Manatee County just awarded three new State Housing Initiative Partnership (SHIP) contracts to AC by Revels for homes to qualifying applicants under affordable housing guidelines. All six homes will commence construction imminently. "These continuing contract awards are a testament to the cost, quality and feature rich benefits of the Class-1 Fire Rated, ACTech(r) structural insulated panel system," stated Dave Revels, President of AC by Revels. "We are able to provide home buyers with affordable homes that are 'green' and qualify under new building standards such as LEED (Leadership in Energy Efficient Design), Energy Star, Florida Green Building Coalition, BuildSmart and others. The homes are also disaster resistant, healthy, safe and very economical month after month due to very low energy bills."
Heritage Oaks Bancorp
Heritage Oaks Bancorp to Present At Sandler O'Neill Conference
PASO ROBLES, Calif., March 6, 2008 (PRIME NEWSWIRE) -- Heritage Oaks Bancorp (Nasdaq:HEOP), parent company of Heritage Oaks Bank, today announced plans to participate in the 2008 Sandler O'Neill & Partners West Coast Financial Services Conference. Margaret A. Torres, Executive Vice President and CFO of Heritage Oaks, will attend.