latest news releases from the newsroom
Heritage Oaks Bancorp
Heritage Oaks Bancorp Sells $8.0 Million of Trust Preferred Securities
PASO ROBLES, Calif., Nov. 2, 2006 (PRIMEZONE) -- The Board of Directors of Heritage Oaks Bancorp ("Heritage Oaks") (Nasdaq:HEOP) the holding company for Heritage Oaks Bank (the "Bank"), announced today that on October 27, 2006, it completed a private placement of trust preferred securities in the amount of $8.0 million. The securities were issued by a special purpose business trust formed by Heritage Oaks and were sold to a pooled investment vehicle sponsored by Sandler O'Neill & Partners, L.P. in a private transaction. The securities were sold pursuant to an applicable exemption from registration under the Securities Act of 1933, as amended (the "Act"), and have not been registered under the Act. Sandler O'Neill assisted Heritage Oaks in the placement of the trust preferred securities. The securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Lucas Energy, Inc.
Lucas Energy's Record Second Quarter Triggers Performance-based Call Option Retuning 500,000 Shares to Treasury
HOUSTON, Nov. 2, 2006 (PRIMEZONE) -- Lucas Energy, Inc. (OTCBB:LUCE), a U.S. based independent oil and gas company today announced that during the second quarter, the company achieved a pre-negotiated financial benchmark associated with the Medium Term Note dated August 8, 2006. As a result of the financial results for the second quarter which met and exceeded both revenue and EBITDA targets, the company has executed its "performance-based call option" and has returned 500,000 shares of stock to the treasury effecting a reduction in the total shares outstanding from 28,040,013 to 27,540,013 at no cost to the company.
USA Recycling Industries, Inc.
Voyager One, Inc. Announces Vice President of Supply Operations Position to Oversee Acquisition of Product for Refining
HINSDALE, Ill., Nov. 2, 2006 (PRIMEZONE) -- Voyager One, Inc.(OTCBB:VYGO) announces the hiring of Mr. Robert Nelson for the position of Vice President of Supply Operations. Mr. Nelson has over 24 years experience in planning, directing, and coordinating technical research, and the development and testing of ferrous and non-ferrous metal working lubricants. Mr. Nelson has held positions as Operations Manager for Oil Recovery, Inc. and Sybil Inc.; Technical Manager for Salco Industrial; Chief Process Engineer for CIW Company; and Process Engineer for Michigan Petroleum Company. Mr. Nelson holds a degree in Chemical Engineering and Environmental Chemistry from the Detroit Institute of Technology. Mr. Nelson also holds a B-2A Waste Treatment Plant Operator license with the Michigan Department of Environmental Quality.
Aquila Reports Third Quarter Earnings; Debt Reduction Strengthens Financial Position
KANSAS CITY, Mo., Nov. 2, 2006 (PRIMEZONE) -- Aquila, Inc. (NYSE:ILA) today reported net income of $115.7 million for the 2006 third quarter ending September 30, or fully diluted per share earnings of 31 cents, compared to a net loss of $75.7 million for the 2005 third quarter, or a fully diluted per share loss of 20 cents. These results reduced the net loss for the nine-month period ending September 30, 2006 to $40.4 million, or a fully diluted per share loss of 11 cents, compared to a net loss of $102.2 million, or a fully diluted per share loss of 25 cents, for the nine-month period ending September 30, 2005.