latest news releases from the newsroom
Autobytel Sells AVV Business for $22.75 Million in Cash
IRVINE, Calif.--Autobytel Inc. (Nasdaq:ABTL), a leading Internet automotive marketing services company, today announced that Autobytel has sold certain assets and liabilities of its AVV data extraction and customer relationship management (CRM) software business to Dominion Enterprises for $22.75 million in cash, plus a working capital payment of approximately $1.1 million which remains subject to adjustment. Autobytel expects to record a gain of approximately $8.2 million in connection with the transaction.
Security Bank Corporation
Security Bank Corporation Announces Fourth Quarter and Annual 2007 Earnings
MACON, Ga., Jan. 24, 2008 (PRIME NEWSWIRE) -- Security Bank Corporation (Nasdaq:SBKC) today reported a quarterly net loss of $6.9 million for the fourth quarter ended December 31, 2007, versus net income of $5.2 million for the fourth quarter of 2006. Diluted earnings per share for the fourth quarter of 2007 were a loss of $0.36 compared to earnings per share of $0.26 for the comparable year ago period. The decrease in diluted earnings per share is primarily attributable to an $18 million increase in the provision for loan losses versus the fourth quarter a year ago. For the year ended December 31, 2007 net income decreased to $6.6 million compared to $23.4 million a year ago and on a diluted per share basis decreased to $0.34 versus $1.33 for the comparable year ago period.
MetaPower International, Inc.
MetaPower International, Inc.'s Officers, Board of Directors and Affiliated Persons to Participate in Stock Exchange Program
LAS VEGAS, Jan. 24, 2008 (PRIME NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPW) (the "Company" or "MetaPower International") is pleased to announce that the Company's Board of Directors have authorized the Company's officers, directors, employees and other affiliated and related persons to take part in the previously announced preferred share exchange program. MetaPower International, Inc. is offering, in exchange for currently outstanding shares of its common stock, new shares of its convertible preferred stock and a warrant to purchase the Company's common stock. In particular, the terms of the offer are that for every 100 shares of common stock offered back to the Company, shareholders will receive one share of convertible preferred stock valued at $1.00 for future conversion purposes and a warrant to purchase one share of the Company's common stock with an exercise price of $.05 per share.
Equity Media Holdings Corporation
RTN Announces Agreement With Quincy Newspapers, Adding 11 New Stations
LITTLE ROCK, Ark., Jan. 24, 2008 (PRIME NEWSWIRE) -- Retro Television Network (RTN), which is nationally owned and distributed by Equity Media Holdings Corporation (Nasdaq:EMDA), announced today that it has entered into an agreement with Quincy Newspapers, Inc. (QNI) to launch RTN programming on 11 stations. The new affiliates will air on the digital streams of KWWL (Cedar Rapids/Waterloo/Iowa City/Dubuque, IA), WKOW (Madison, WI), WSJV (South Bend/Elkhart, IN), WVVA (Bluefield/Beckley/Oak Hill, WV), KXLT (Rochester, MN/Mason City, IA/Austin, MN), KTIV (Sioux City, IA), WREX (Rockford, IL), WXOW/WQOW (La Crosse/Eau Claire, WI) and WAOW/WYOW (Wausau/Rhinelander, WI).