latest news releases from the newsroom
NorthStar Realty Finance Corp.
NorthStar Realty Finance Announces First Quarter 2006 Results
NEW YORK, May 9, 2006 (PRIMEZONE) -- NorthStar Realty Finance Corp. (NYSE:NRF) today announced its first quarter 2006 results. The Company reported adjusted funds from operations ("AFFO") for the quarter ended March 31, 2006 of $0.35 per share versus $0.12 per share for the first quarter 2005. AFFO for the first quarter 2006 was $12.8 million, compared to $3.0 million for the first quarter 2005. Excluding $2.1 million of unrealized gains relating to the mark-to-market adjustment on a securities warehouse facility, first quarter 2006 AFFO per share was $0.30. Net income for the first quarter 2006 was $7.9 million, or $0.26 per share, compared to $1.1 million, or $0.05 per share for first quarter 2005. For a reconciliation of net income to AFFO, please refer to the tables on the following pages.
AutoZone to Release Third Quarter Earnings on May 24
MEMPHIS, Tenn., May 9, 2006 (PRIMEZONE) -- AutoZone, Inc. (NYSE:AZO), the nation's leading auto parts retailer, will release results for its third quarter ended May 6, 2006, before market open on Wednesday, May 24, 2006. Additionally, the Company will host a one hour conference call on Wednesday, May 24, 2006, beginning at 10:00 a.m. (EDT), to discuss the results of the quarter.
Medicis Pharmaceutical Corporation
Medicis Reports First Quarter 2006 Financial Results
SCOTTSDALE, Ariz., May 9, 2006 (PRIMEZONE) -- Medicis (NYSE:MRX) today announced revenue for the three months ended March 31, 2006 of approximately $75.2 million with "if-converted" net income of approximately $14.0 million, or $0.20 per diluted share, absent tax-effected special charges of $100.9 million. The special items are more fully described below. This is compared to revenue for the three months ended March 31, 2005 of $95.2 million with "if-converted" net income of $26.1 million, or $0.37 per diluted share, absent a tax-effected special charge of $5.0 million associated with a research and development collaboration and a tax-effected $0.1 million charge for share-based compensation expense related to restricted stock awards.
NorthStar Realty Finance Corp.
NorthStar Enters into Joint Venture to Invest in Senior Living and Healthcare-Related Net Lease Properties
NEW YORK, May 9, 2006 (PRIMEZONE) -- NorthStar Realty Finance Corp. (NYSE:NRF) announced today that it has entered into a definitive agreement with Chain Bridge Capital LLC to form Wakefield Capital, LLC, a joint venture among NorthStar and Chain Bridge, that will acquire, finance and/or otherwise invest in senior housing and healthcare-related properties. In connection with the formation of the venture, Wakefield will acquire substantially all of Chain Bridge's assets. The initial portfolio to be acquired from Chain Bridge is valued at approximately $64 million and will consist of thirteen net leased properties, primarily comprised of assisted living facilities, and several loans receivable, most of which are secured by first mortgages on senior housing assets. Chain Bridge, based in Chevy Chase, Maryland, is a company founded by its chairman and chief executive officer, Edward P. Nordberg, Jr. Mr. Nordberg is the former CEO of Medical Office Properties, Inc., which sold its medical office building portfolio to CNL Retirement Properties, Inc. in 2004, and a co-founder and the former CFO of HealthCare Financial Partners, Inc., which was a publicly-traded company under the ticker "HCF" until sold in 1999 to Heller Financial. Mr. Nordberg will continue to oversee the asset management of the properties acquired by Wakefield Capital, LLC.
Wireless Xcessories Group
The Wireless Xcessories Group Reports First Quarter Results Revenue Increases 10.7 Percent to $5,485,000
HUNTINGDON VALLEY, Pa., May 9, 2006 (PRIMEZONE) -- The Wireless Xcessories Group, Inc. (AMEX:XWG), a nationwide manufacturer and distributor of electronic and cellular accessories and creator of private labeled websites for affiliates, announced today first quarter results for the period ended March 31, 2006. The Company reported first quarter revenue of $5,485,000, an increase of 10.7% compared to $4,955,000 for the same period in fiscal 2005. 2006 first quarter pre-tax net income was $463,000, a decrease of 19.5% versus $575,000 in the first quarter of 2005. The Company had net income of $468,000, or $0.10 per basic and diluted share, which was a decrease of 18.6% compared to $575,000 or $0.13 per basic and diluted share in the same period for 2005.
TASER International, Inc.
Educating Those Who Serve
WASHINGTON, May 9, 2006 (PRIMEZONE) -- Everyday more than 850,000 law enforcement officers put their lives on the line in order to protect and serve others in their communities. In 2005, 157 officers in the U.S. and 11 in Canada were killed in the line of duty. The average age of the fallen was 38, and many families were left behind to forge on and face the challenges ahead.
Yourman Alexander & Parekh LLP
Yourman Alexander & Parekh LLP Announces Class Action Lawsuit Against Vitesse Semiconductor Corporation -- VTSS
LOS ANGELES, May 9, 2006 (PRIMEZONE) -- Yourman Alexander & Parekh LLP, a law firm with significant experience in prosecuting claims for securities and consumer fraud, announces that a lawsuit seeking class action status has been filed on behalf of shareholders who purchased or otherwise acquired the securities of Vitesse Semiconductor Corporation ("Vitesse" or the "Company") (Nasdaq:VTSS) during the period October 23, 2003, through April 26, 2006, inclusive (the "Class Period"). The matter is pending in the United States District Court for the Central District of California.