latest news releases from the newsroom
Fuel Systems Solutions, Inc.
Fuel Systems Solutions Guidance for Fiscal 2007
SANTA ANA, Calif., Aug. 8, 2007 (PRIME NEWSWIRE) -- Fuel Systems Solutions, Inc. (Nasdaq:FSYS) announced that, based on current projections for the year ending December 31, 2007, the company estimates annual revenues of approximately $250 million, gross margins for the year of approximately 25% to 27% and operating margins for the year of approximately 10% (excluding the impact of any costs or adjustments associated with the company's pending review of its historical stock option grants). Due to the company's pending review of its historical stock option grants, it will not be providing any additional estimated future financial information, including net income, gross profit or earnings per share information. The company cautions investors that its costs from operations, unrelated to its stock option review, could be significant and that investors should not be making any assumptions regarding net income, gross profit or earnings per share information or other financial information for these periods based on prior trends or based on the projected financial information provided above. Moreover, the company may be obligated to recognize compensation expense for 2007 (or other historical or future periods) as a result of its review of its historical stock option grants. Any compensation expense for 2007 resulting from the review of its historical stock option grants has not been factored into any of these projections, and such expense amounts could be material. In addition, the Securities and Exchange Commission could impose penalties on the company resulting from its historical stock option grant practices and/or the company could incur additional costs and expenses if any lawsuits were to be filed relating to its historical stock option grant practices, and no such penalties, costs or expenses have been included in calculating the financial projections cited above.
Globalstar, Inc. Second Quarter 2007 Earnings Call Release Notice
MILPITAS, Calif., Aug. 8, 2007 (PRIME NEWSWIRE) -- Globalstar, Inc. (Nasdaq:GSAT), a leading provider of mobile satellite voice and data services to businesses, governments and individuals, will announce its second quarter 2007 financial results on Tuesday, August 14, 2007 after the market closes. The earnings conference call scheduled for August 14, 2007 at 5:00 p.m. Eastern Time will discuss the second quarter 2007 results.
Elizabeth Arden, Inc.
Elizabeth Arden, Inc. Sets Date to Announce Fourth Quarter and Fiscal 2007 Results
NEW YORK, Aug. 8, 2007 (PRIME NEWSWIRE) -- Elizabeth Arden, Inc. (Nasdaq:RDEN), a global prestige beauty products company, invites investors to listen to a broadcast of the Company's conference call to discuss results for its fourth quarter and fiscal year ended June 30, 2007. The Company also announced that it confirms its previously announced guidance for fiscal 2007. The Company will provide fiscal 2008 guidance when it reports actual fourth quarter and fiscal 2007 results on August 16, 2007.
Msnbc.com Offers Groundbreaking Digital Experience for Endeavour Shuttle Launch
REDMOND, Wash., Aug. 8, 2007 (PRIME NEWSWIRE) -- For the first time, people around the world can view three-dimensional images of the space shuttle Endeavour and surrounding buildings at the Kennedy Space Center in Florida before it launches into space. Consumers can log on to http://spaceworld.msnbc.com to access never before seen 3-D images of details such as the shuttle boosters, interior and exterior of the Vehicle Assembly Building, and launchpad. With the simple click of the mouse, consumers can zoom in to see the smallest decorative detail or zoom out, panning 360 degrees to view unique vantage points of the shuttle in a wider context.
Northrim BanCorp, Inc.
Northrim BanCorp to Present At Howe Barnes Hoefer & Arnett Community Bank Conference
ANCHORAGE, Alaska, Aug. 8, 2007 (PRIME NEWSWIRE) -- Northrim BanCorp, Inc. (Nasdaq:NRIM) today reported it will be a guest speaker at the Howe Barnes Hoefer & Arnett 12th Annual Community Bank Conference in Chicago. Marc Langland, Chairman, President and CEO, Joe Schierhorn, Chief Financial Officer, and Joe Beedle, Chief Lending Officer, are scheduled to present on Tuesday, August 14, 2007, at 8:30 a.m. CDT (5:30 a.m. ADT). The live and archived presentation can be viewed at www.howebarnes.com.
CenterPoint Energy, Inc.
CenterPoint Energy to Pay Additional Interest On Zero-Premium Exchangeable Subordinated Notes (ZENS)
HOUSTON, Aug. 8, 2007 (PRIME NEWSWIRE) -- CenterPoint Energy, Inc. (NYSE:CNP) has established August 8, 2007, as an Additional Interest Regular Record Date under the terms of its 2.0% Zero-Premium Exchangeable Subordinated Notes due 2029 (ZENS). Additional Interest of $1.8807156 per ZENS note will be paid on August 22, 2007 to holders of record as of close of business on the Additional Interest Regular Record Date. The payment of Additional Interest reflects cash distributed in respect of the Reference Shares attributable to one ZENS note. The amount being distributed was received in connection with the settlement of the 2002 AOL Time Warner, Inc. securities and ERISA class action litigation.