latest news releases from the newsroom
Helvetia Patria Holding
2005 Financial Results: Helvetia Patria on Course for Success
ST. GALLEN, Switzerland, April 5, 2006 (PRIMEZONE) -- The Helvetia Patria Group, which is active throughout Europe, has reported after-tax profit of CHF 301.9 million for 2005 (2004: CHF 222.6 million). In addition to investment business, non-life business delivered the largest contribution to this improved result, accounting for CHF 262.5 million (+ 80.2 per cent) of Group profit before tax. Consolidated shareholders' equity rose by 21.6 per cent to CHF 2,480.8 million (2004: CHF 2,040.7 million). Based on this excellent result, a dividend increase of 63.6 per cent or CHF 3.50 to CHF 9.00 per share will be proposed to the Annual General Meeting of Shareholders.
St. Joseph, Inc.
St. Joseph, Inc. Reports That it Has Signed a Letter of Intent to Acquire Intellamed, Inc.
TULSA, Okla., April 4, 2006 (PRIMEZONE) -- St. Joseph, Inc. (OTCBB:STJO) announced today that President, John H. Simmons has signed a non-binding letter of intent to acquire Intellamed, Inc., a private company, as a wholly owned subsidiary. Intellamed is a Texas based medical asset management company whose medical services and equipment divisions facilitate the procurement and support of medical equipment to over 3,600 healthcare facilities throughout the United States. The acquisition is subject to customary due diligence, approval by the Board of Directors, and the execution of a definitive agreement.
Glancy Binkow & Goldberg LLP
Glancy Binkow & Goldberg LLP, Announces Court Decision That Shareholders are Allowed to Pursue Claims in Class Action Lawsuit Filed Against Staktek Holdings, Inc. -- STAK
LOS ANGELES, April 4, 2006 (PRIMEZONE) -- Los Angeles, CA - Glancy Binkow & Goldberg LLP is pleased to announce that it has successfully defeated defendants' motions to dismiss plaintiffs' Amended Complaint, thereby permitting shareholder plaintiffs to pursue securities claims against Staktek Holdings, Inc. ("Staktek")(Nasdaq:STAK) and Staktek officers and directors Joseph C. Aragona, James W. Cady and William Kirk Patterson. Glancy Binkow & Goldberg LLP was previously appointed Lead Counsel in the Class Action lawsuit filed in the United States District Court for the Western District of Texas on behalf of shareholders. The action focuses on the defendants' failure to disclose an ongoing D RAM shortage and a production shift in the semiconductor industry to planar technologies. Glancy Binkow & Goldberg LLP has significant experience in prosecuting class actions, and substantial expertise in actions involving corporate fraud.
Wolverine Tube Inc.
Wolverine Tube, Inc. Strengthens Its Liquidity Position
HUNTSVILLE, Ala., April 4, 2006 (PRIMEZONE) -- Wolverine Tube, Inc. (NYSE:WLV) today announced that it had strengthened its liquidity position by increasing the amount available to it under its receivables sale facility. Under the amended agreement between Wolverine, Wachovia Bank, N.A. and the CIT Group/Business Credit, Inc., Wolverine has increased the amount available to it by approximately 56%, to $70 million. The previous amount available under the receivables sale facility was $45 million. The Company's amended facility now includes its accounts receivable from its Canadian subsidiary as being eligible for sale. Previously, only certain U.S. receivables were eligible to be sold under the facility.
Grand Havana Enterprises Inc.
Grand Havana Enterprises, Inc. Announces Plans to Deregister With the SEC
LOS ANGELES, April 4, 2006 (PRIMEZONE) -- Grand Havana Enterprises, Inc. (Pink Sheets:PUFF) today announced that it intends to file a Form 15 with the Securities and Exchange Commission (SEC) to deregister its common stock and suspend its reporting obligations under the Securities Exchange Act of 1934, as amended. The company expects the deregistration to become effective within ninety (90) days of the filing with the SEC. The Form 15 will be filed immediately after the company files its Form 10-QSB with the SEC for its first fiscal quarter ended December 25, 2005, which it anticipates will be filed on or about April 14, 2006.
Delta Air Lines, Inc.
Delta Air Lines Reports March Traffic
ATLANTA, April 4, 2006 (PRIMEZONE) -- Delta Air Lines today reported traffic results for March 2006 (see Notes 1, 2). Delta's system load factor was 80.5 percent in March 2006, up 0.5 points from the same period last year. System traffic for March 2006 decreased 6.1 percent from March 2005 with a capacity decrease of 6.7 percent.