latest news releases from the newsroom
NGP Capital Resources Company
NGP Capital Resources Company Schedules Release of December 31, 2006 Financial Results and Investor Conference Call for March 9, 2007, Annual Meeting for May 16, 2007
HOUSTON, March 2, 2007 (PRIME NEWSWIRE) -- NGP Capital Resources Company (Nasdaq:NGPC) today announced that it plans to publicly release its financial results for the period ending December 31, 2006 on Friday, March 9, 2007. NGPC invites all interested persons to participate in its conference call on March 9, 2007 at 11:00 am Eastern Time. The dial-in number for the call is (877) 704-5379. International callers should dial (913) 312-1293. The pass code for the conference call is 2828242.
Frequency Electronics, Inc.
Increased Engineering Costs Continue to Impact Near-Term Results for Frequency Electronics
MITCHEL FIELD, N.Y., March 2, 2007 (PRIME NEWSWIRE) -- Frequency Electronics, Inc. (Nasdaq:FEIM), has incurred increased engineering costs, as first reported last fall (see press release dated October 30, 2006), which continue to impact near-term operating results. These larger than anticipated costs, consisting mostly of internally funded development work, represent investments expected to yield substantial profits on satellite payload projects already awarded and enhance Frequency's ability to acquire and perform on future projects in this expanding market. These extra engineering costs are expected to substantially abate during the next ninety days.
Appalachian Bancshares, Inc. Announces Share Repurchase Program
ELLIJAY, Ga., March 2, 2007 (PRIME NEWSWIRE) -- Appalachian Bancshares, Inc. (Nasdaq:APAB) today announced that the Board of Directors has approved a program to repurchase up to $2.5 million of its shares of common stock over the next twelve months. The timing and the amount of the repurchases, if any, will depend on market conditions, share price, trading volume and other factors, and there is no assurance that the Company will purchase shares during this program. Shares may be purchased in the open market or through privately negotiated transactions. The program is expected to be funded from existing cash. The repurchased shares will be held as treasury shares and may be used for employee benefit plans or other corporate purposes.