latest news releases from the newsroom
Lantronix Names Reagan Y. Sakai as New Chief Financial Officer
IRVINE, Calif., Nov. 8, 2006 (PRIMEZONE) -- Lantronix, Inc. (Nasdaq:LTRX), a leader in device networking and data center management technologies, announced today that Reagan Y. Sakai has joined the Company and will be assigned responsibility as Chief Financial Officer effective November 15, 2006. Mr. Sakai has 25 years of increasingly responsible financial and management experience, most recently as CFO for HyPerformix Corporation, a private software company based in Austin, Texas. Earlier, he was CFO for VIEO Corporation, an early-stage software company, and before that, he was CFO of Crossroads Systems Corporation, a public data storage routing company, where he oversaw the company's highly successful IPO in October 1999. Earlier in his career, Mr. Sakai held various financial positions with Exabyte Corporation, Maxtor Corporation, McDATA Corporation, and StorageTek Corporation. Mr. Sakai holds a B.S. degree and an MBA from the University of Colorado at Boulder.
NetBank, Inc. Reports Third Quarter Results
ATLANTA, Nov. 8, 2006 (PRIMEZONE) -- NetBank, Inc. (Nasdaq:NTBK), parent company of NetBank(r) (www.netbank.com) and a leading mortgage lender, today reported financial results for the quarter ended September 30, 2006. The company recorded an after-tax loss of $73.3 million or $1.58 per share for the period, compared with an after-tax loss of $1.4 million or $.03 per share during the same quarter a year ago. On a year-to-date basis, the company recorded an after-tax loss of $116 million or $2.50 per share, versus a net loss of $1.1 million or $.02 per share during the first nine months of 2005.
StockGuru.com Announces a New Executive Interview with Stan Cruitt of ALR Technologies
DALLAS, Nov. 8, 2006 (PRIMEZONE) -- John Pentony, Publisher of StockGuru.com, announced today that the web site has released a new exclusive executive interview with Stan Cruitt, the President of ALR Technologies, Inc. (OTCBB:ALRT). Mr. Cruitt examines the emergent growth of the home health management compliance industry over the past two decades and the importance of ALR Technologies' product, the ALRT500 Home Health Management Compliance Reminder and Monitoring System. The Company's product is a consumer friendly, portable device that can reduce the cost of medical care for patients with deteriorating conditions, and can assist in the prevention of those conditions and timely patient training. Mr. Cruitt also discusses the upcoming activities that investors should take note of in the future growth of ALR Technologies.
Transmeridian Exploration, Inc.
Transmeridian Exploration Reports Third Quarter 2006 Results of Operations
HOUSTON, Nov. 7, 2006 (PRIMEZONE) -- Transmeridian Exploration Incorporated (AMEX:TMY) reported a net loss of $14.3 million, or $0.15 per share, on net revenues of $7.8 million for the three months ended September 30, 2006, as compared to a net loss of $2.8 million, or $0.03 per share, on net revenues of $3.9 million for the three months ended September 30, 2005. For the nine months ended September 30, 2006, the net loss was $40.6 million, or $0.44 per share, on net revenues of $15.7 million, as compared to a net loss of $6.9 million, or $0.09 per share, on net revenues of $7.0 million for the nine months ended September 30, 2005.