latest news releases from the newsroom
LGL Group, Inc.
The LGL Group, Inc. Reports First Quarter Earnings
GREENWICH, Conn., May 14, 2007 (PRIME NEWSWIRE) -- The LGL Group, Inc. (AMEX:LGL), formerly Lynch Corporation, today announced that its income for the first quarter of 2007 increased 30% for the three months ended March 31, 2007. The company reported net income of $474,000 or $0.22 per fully diluted share, compared to net income of $366,000 or $0.17 per fully diluted share, for the three months ended March 31, 2006.
Third Federal Savings and Loan
Third Federal Foundation Gives $1,000,000 to Cleveland Municipal Schools
CLEVELAND, May 14, 2007 (PRIME NEWSWIRE) -- Dr. Eugene Sanders, CEO of the Cleveland Municipal Schools, and Marc A. Stefanski, Chairman and CEO of Third Federal Savings, today jointly announced a $1,000,000 donation from the newly-formed Third Federal Foundation. The gift will be used to underwrite the start-up of a Family Academy to help students at risk. Ultimate goal is to produce educated adults with career prospects in the city.
Claymont Steel Holdings, Inc.
Claymont Steel Reports 2007 First Quarter
CLAYMONT, Del., May 14, 2007 (PRIME NEWSWIRE) -- Claymont Steel Holdings (Nasdaq:PLTE) reported strong 1st quarter 2007 revenues of $84.8 million on shipments totaling 101,128 tons. Adjusted EBITDA was $18.3 million up from $15.6 million in the fourth quarter of 2006. EPS adjusted for non-recurring charges came in at $.34 per share. The Company successfully refinanced its debt in the 1st quarter effectively cutting projected interest expense in half to $15 million annually. After incurring $14.6 million of after-tax refinancing related charges in the first quarter, the Company incurred a net loss of $8.8 million, or $.50 per diluted share.
BabySafe USA, LLC
BabySafe's Original Patented Infant Movement Monitor Now Available in USA
BAINBRIDGE, New York, May 14, 2007 (PRIME NEWSWIRE) -- Called the Babysense V Infant Movement Monitor, this powerful little device provides safety and peace of mind for parents. The Babysense V uses two motion sensitive pads under the baby's mattress (one for newborns) to detect movement or more importantly, lack of moment. Parents and care takers can rest easily knowing they have the security of a Babysense V monitor.