latest news releases from the newsroom
Decorize, Inc. Reports 50 Percent Jump in First Quarter 2007 Revenues
SPRINGFIELD, Mo., Nov. 15, 2006 (PRIMEZONE) -- Decorize, Inc. (AMEX:DCZ), a recognized leader in the home accents industry, filed its fiscal 2007 first quarter results with the Securities and Exchange Commission on Form 10-QSB yesterday. The Company reported a first quarter sales increase of 50%, with total sales for the quarter of $3.2 million versus $2.1 million in the prior year quarter. The Company attributed the strong increase in sales to expanded capacity in its wholly owned manufacturing facility in Indonesia. "We are beginning to see the results from the strategic investments we have made in our manufacturing facilities over the past 18 months," said Steve Crowder, Chief Executive Officer of Decorize. "We believe that our vertically integrated operational model has positioned us to become a market leader in the fragmented home accessory and accent furniture industry."
Freescale Semiconductor Joins MoCA
SAN RAMON, Calif., Nov. 15, 2006 (PRIMEZONE) -- Freescale Semiconductor, Inc. (NYSE:FSL) has joined the Multimedia over Coax Alliance (MoCA(tm)), making it the latest vendor to join the consortium.
StockGuru.com Announces Profile Coverage of TRADEX Global Financial Services
DALLAS, Nov. 15, 2006 (PRIMEZONE) -- John Pentony, Publisher of StockGuru.com, announced today that the web site has initiated Profile Coverage of TRADEX Global Financial Services, Inc. (Pink Sheets:TDXG). TRADEX Global is a holding company that owns TRADEX Inc., a global financial services company that provides access for foreign investors to trade on the U.S., Canadian and European financial markets.
The NASDAQ OMX Group, Inc.
NASDAQ to Repay $250 Million of Senior Debt
NEW YORK, Nov. 15, 2006 (PRIMEZONE) -- The NASDAQ Stock Market, Inc. (Nasdaq:NDAQ) today announced that it is repaying $250 million of its senior bank debt issued to finance acquisitions. This is an early partial prepayment, made from the company's available cash resources. It will not trigger a prepayment penalty.
Crown Crafts, Inc.
Crown Crafts, Inc. Reports Results for Second Quarter of Fiscal Year 2007
GONZALES, La., Nov. 15, 2006 (PRIMEZONE) -- Crown Crafts, Inc. (the "Company") (OTCBB:CRWS) today reported net sales for the second quarter of fiscal year 2007, which ended October 1, 2006, of $21.6 million as compared to net sales for the second quarter of fiscal year 2006 of $21.3 million. For the first six months of fiscal year 2007, the Company had net sales of $37.7 million, up from $34.9 million in the first six months of fiscal year 2006.
Suntron Corporation Reports Third Quarter 2006 Results
PHOENIX, Nov. 15, 2006 (PRIMEZONE) -- Suntron Corporation (Nasdaq:SUNN), a leading provider of integrated electronics manufacturing solutions, today reported net sales of $70.6 million and an operating loss of $2.6 million for the third quarter of 2006. These results include $1.2 million of professional fees related to outstanding litigation and $1.1 million of restructuring charges related to severance, retention and lease exit costs primarily associated with the Company's previously announced decisions to close two U.S. manufacturing operations and to transfer their business to other Suntron sites.
Flint Telecom Group, Inc.
Semotus Solutions Enters Agreement to Merge With Citytalk
LOS GATOS, Calif., Nov. 15, 2006 (PRIMEZONE) -- Semotus Solutions, Inc. (AMEX:DLK), a software solutions company for enterprise mobility, today announced that it has entered into a definitive agreement to merge with Citytalk, Inc. ("CTI"), an emerging player in the fast-growing cellular market. Privately held CTI was founded by Richard Sullivan, former Chairman and CEO of Applied Digitial Solutions (Nasdaq:ADSX) and Digital Angel Corporation (AMEX:DOC), and Steve Keaveney, an experienced telecommunications entrepreneur.