latest news releases from the newsroom
Omnicity Maps Out Major Expansion With Afterimage GIS
RUSHVILLE, Ind., May 27, 2009 (GLOBE NEWSWIRE) -- Omnicity Corp (OTCBB:OMCY) continues to move forward in its nationwide expansion plan and has partnered with Afterimage GIS to map out major new territories for growth and efficiency. Omnicity, in their first quarter as a publicly held company, has tripled in size through acquisition and is focused on their 17,000 square mile coverage area to increase their customer base through internal growth. The partnership with Afterimage GIS gives Omnicity the marketing and planning tool that is key to more fully understanding the markets they serve as well as more precisely defining important elements of the markets where the Company plans to grow. Greg Jarman, COO of Omnicity commented, "We look forward to working with another Indiana-based company and we are very impressed with the management team at Afterimage GIS. They bring many years of wireless experience and their 3-D mapping solution will allow us to grow into our neighboring states of Kentucky, Ohio, Michigan and Illinois much more efficiently."
Telvent GIT S.A.
Telvent GIT, S.A. Announces Bought Deal Offering of Ordinary Shares
MADRID, Spain, May 27, 2009 (GLOBE NEWSWIRE) -- Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, announced today that an existing shareholder has entered into an underwritten agreement, with Canaccord Adams acting as the sole book-running manager, to sell 3,109,975 ordinary shares of Telvent at a public offering price of $18.50 per share for aggregate gross proceeds of $57.5 million. Telvent will not receive any of the proceeds from the sale of shares in this offering by the existing shareholder.
HEICO Corporation Reports Fiscal 2009 Second Quarter Results
HOLLYWOOD, Fla. and MIAMI, May 27, 2009 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI-A) (NYSE:HEI) today reported net income of $10,541,000, or 39 cents per diluted share, for the second quarter of fiscal 2009, compared to $11,948,000, or 44 cents per diluted share, for the second quarter of fiscal 2008 and $11,317,000, or 42 cents per diluted share, for the first quarter of fiscal 2009, which included a $1.1 million, or 4 cents per diluted share, benefit from settling an income tax audit. For the first six months of fiscal 2009, net income was $21,858,000, or 81 cents per diluted share, comparable to the $22,034,000, or 81 cents per diluted share, reported for the first six months of fiscal 2008.
Cuisine Solutions Inc.
Cuisine Solutions Board Approves Plan to Terminate Registration of Its Common Stock
ALEXANDRIA, Va., May 27, 2009 (GLOBE NEWSWIRE) -- Cuisine Solutions, Inc. (NYSE Amex:FZN) today announced that a special committee consisting of all of its independent directors has recommended, and its board of directors has approved, plans to cease the registration of the company's common stock under the Securities Exchange Act following the completion of a reverse/forward split transaction and to withdraw its shares of common stock from listing on the NYSE Amex.
Magma Design Automation
Magma Reports Revenue of $147.0 Million for Fiscal 2009
SAN JOSE, Calif., May 27, 2009 (GLOBE NEWSWIRE) -- Magma(r) Design Automation Inc. (Nasdaq:LAVA), a provider of chip design software, today reported revenue of $34.1 million for its fourth quarter and $147.0 million for its 2009 fiscal year, both ended May 3, 2009.
Finkelstein Thompson LLP
Finkelstein Thompson LLP Investigates Cougar Biotechnologies
WASHINGTON, May 27, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is currently investigating potential shareholder claims arising out of the acquisition of Cougar Biotechnologies, Inc. ("Cougar") (Nasdaq:CGRB) by Johnson & Johnson ("J&J") (NYSE:JNJ). Under the terms of the agreement, J&J, through a wholly owned subsidiary, will purchase all the outstanding shares of Cougar through a cash tender offer of $43 per share. The overall net value of the transaction is approximately $1 billion dollars.
Center Bancorp, Inc.
Center Bancorp, Inc. Declares Quarterly Dividend of $.03 Per Share
UNION, N.J., May 27, 2009 (GLOBE NEWSWIRE) -- Center Bancorp, Inc. (Nasdaq:CNBC), parent company to Union Center National Bank, ("UCNB"), of Union, New Jersey, announced today that the Board of Directors declared a quarterly cash dividend of $.03 per share. This dividend declared is for the quarter ending June 30, 2009. The dividend will be distributed on August 3, 2009, to shareholders of record on July 16, 2009.
NASDAQ Announces Mid-month Open Short Interest Positions in NASDAQ Stocks as of Settlement Date May 15, 2009
NEW YORK, May 27, 2009 (GLOBE NEWSWIRE) -- At the end of the settlement date of May 15, 2009, short interest in 2,505 NASDAQ Global Market(sm) securities totaled 6,267,327,098 shares compared with 6,360,098,430 shares in 2,518 Global Market issues reported for the prior settlement date of April 30, 2009. The mid-May short interest represents 2.47 days average daily NASDAQ Global Market share volume for the reporting period, compared with 2.72 days for the prior reporting period.
Avantair, Inc. to Present At the Fifth Annual Noble Financial Emerging Growth Equity Conference On June 8th
CLEARWATER, Fla., May 27, 2009 (GLOBE NEWSWIRE) -- Avantair Inc. (OTCBB:AAIR) ("Avantair"), the only publicly traded stand-alone private aircraft operator and the sole North American provider of fractional shares and flight hour time cards in the Piaggio Avanti aircraft, will present at the 5th Annual Noble Financial Emerging Growth Equity Conference being held June 8-9, 2009 at the Seminole Hard Rock Hotel in Hollywood, Florida.