latest news releases from the newsroom
Hot Topic, Inc.
John Kirkpatrick Joins Hot Topic, Inc. as Chief Music Officer of the Hot Topic Division
CITY OF INDUSTRY, Calif., April 23, 2007 (PRIME NEWSWIRE) -- Hot Topic, Inc. (Nasdaq:HOTT) announced today that John Kirkpatrick has joined the company as Senior Vice President, Chief Music Officer of the Hot Topic Division. John will oversee all aspects of the Hot Topic music experience, both in-store and on the Internet. He will report to Betsy McLaughlin, Chief Executive Officer of Hot Topic, Inc.
FieldTurf Scores Another Big 'W' With Selection by West Virginia
MORGANTOWN, W.V., April 23, 2007 (PRIME NEWSWIRE) -- It was another major score for FieldTurf when it was announced that West Virginia has selected the world's artificial turf leader for the installation at Mountaineer Field at Milan Puskar Stadium. The announcement was jointly made by West Virginia Director of Athletics Ed Pastilong and FieldTurf Tarkett CEO John Gilman. The installation of the new FieldTurf at Milan Puskar is scheduled to begin in mid-May. The Mountaineers will play the first game on their new FieldTurf on September 1 when they host Western Michigan in the '07 opener.
AmTrust Financial Services, Inc.
AMT Service Corporation Partners With Cyber-Test for Product Repair
NEW YORK, April 23, 2007 (PRIME NEWSWIRE) -- AmTrust Financial Services (Nasdaq:AFSI) announced today that a subsidiary, AMT Service Corporation, has entered into an agreement with Cyber-Test, Inc., a wholly owned subsidiary of Advanced Communications Technologies, Inc. (OTCBB:ADVC), a publicly owned company specializing in the consumer electronics segment of the reverse logistics industry, to provide certain diagnostic and repair services for extended service plans for laptop and desktop CPUs. AMT administers extended service plans including replacement programs, repair programs and accidental damage protection programs.
Firstbank Corporation Announces First Quarter 2007 Results
ALMA, Mich., April 23, 2007 (PRIME NEWSWIRE) -- Thomas R. Sullivan, President and Chief Executive Officer of Firstbank Corporation (Nasdaq:FBMI), announced earnings per share of $0.41 for the first quarter of 2007, an increase of 10.8% compared to $0.37 for the first quarter of 2006. Net income was $2,658,000 for the quarter ended March 31, 2007, up 9.7% from the $2,424,000 for the quarter ended March 31, 2006. Returns on average assets and average equity for the first quarter of 2007 were 1.01% and 11.4%, respectively, compared with 0.96% and 10.8%, respectively, in the first quarter of 2006. Reversal of provision for loan loss expense due to the payoff of a credit with specific reserves was the primary reason for the improved financial results. Decline in the net interest margin and continued weak mortgage and real estate activity would have led to earnings and profitability measures weaker than the prior year were it not for the provision reversal. All per share amounts are fully diluted and have been adjusted to reflect the 5% stock dividend paid in December of 2006.
NetManage Names Omer Regev Chief Financial Officer
CUPERTINO, Calif., April 23, 2007 (PRIME NEWSWIRE) -- NetManage, Inc. (Nasdaq:NETM), a software company that provides solutions for integrating, Web enabling and accessing enterprise information systems, today announced that Omer Regev has been named Chief Financial Officer (CFO). Regev brings more than 15 years of experience in global financial management, private equity, mergers and acquisitions, financial restructurings, R&D support grants as well as investment banking services to NetManage.