latest news releases from the newsroom
Virgin America Expands New York-Las Vegas Route
SAN FRANCISCO, Oct. 9, 2008 (GLOBE NEWSWIRE) -- Virgin America, the California-based airline on a mission to make flying good again, today announced it will add another daily non-stop flight between New York's John F. Kennedy International (JFK) and Las Vegas McCarran International (LAS) airports. Effective Dec. 11, 2008, Virgin America will have two daily flights* on this busy travel route.
Nilam Resources, Inc.
Nilam Resources, Inc. Announces Reverse Split, New Symbol
LIMA, Peru, Oct. 9, 2008 (GLOBE NEWSWIRE) -- The Board of Directors of Nilam Resources, Inc. ("the Company") had determined that the number of common shares in the float is far too large given the size of the Company, which has caused our Common Stock being priced at pennies per share. The low share price has hampered the Company's ability to acquire new mineral properties, attract quality management and raise capital to develop our assets. For that reason, the Board of Directors and a majority of our shareholders have approved a one for fifty (1 for 50) reverse stock split to reduce the number of shares of Common Stock outstanding to approximately 1,160,800 shares. The Board of Directors is hopeful that the smaller number of shares outstanding will help the Company to develop an improved trading market and elevate the image of our Company.
NASDAQ Announces End-of-Month Open Short Interest Positions in NASDAQ Stocks as of Settlement Date September 30, 2008
NEW YORK, Oct. 9, 2008 (GLOBE NEWSWIRE) -- At the end of the settlement date of September 30, 2008, short interest in 2,620 NASDAQ Global Market(sm) securities totaled 8,884,212,187 shares compared with 9,887,521,820 shares in 2,615 Global Market issues reported for the prior settlement date of September 15, 2008. The end-of-September short interest represents 3.23 days average daily NASDAQ Global Market share volume for the reporting period, compared with 5.21 days for the prior reporting period.
Willis Lease Finance Corp.
Willis Lease Finance Completes Sale of 10 Engines for $63 Million to GSI Engines Gamma Limited Partnership
NOVATO, Calif., Oct. 9, 2008 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (Nasdaq:WLFC), a leading lessor of commercial jet engines, today reported it has sold 10 jet engines for $63 million to GSI Engines Gamma Limited Partnership (GSI) of Germany with financing provided by the German bank Norddeutsche Landesbank Girozentrale (NORD/LB), Hannover. Willis Lease will continue to service the engines and long term lease arrangements for its customers on behalf of GSI.
Bassett Furniture Industries, Inc.
Bassett Announces Third Quarter 2008 Results of Operations
BASSETT, Va., Oct. 9, 2008 (GLOBE NEWSWIRE) -- Bassett Furniture Industries Inc. (Nasdaq:BSET) announced today its results of operations for its fiscal quarter and 40 week period ended August 30, 2008.