latest news releases from the newsroom
Sandy Spring Bancorp, Inc.
Sandy Spring Bancorp Reports Fourth Quarter and Full Year Results
OLNEY, Md., Jan. 29, 2009 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq:SASR) the parent company of Sandy Spring Bank, today announced a net loss available to common shareholders for the fourth quarter of 2008 of $3.8 million ($.23 per diluted share) compared to net income of $8.4 million ($.51 per diluted share) for the fourth quarter of 2007 and net income of $5.4 million ($.33 per diluted share) for the third quarter of 2008. The fourth quarter of 2008 includes a pre-tax impairment charge of $1.9 million to write down the remaining value of goodwill in the Company's leasing subsidiary, The Equipment Leasing Company, and a provision for loan and lease losses of $17.8 million, related primarily to the residential real estate development portfolio.
Immunomedics Reports Properties and Structure-Function Relationships of Veltuzumab
MORRIS PLAINS, N.J., Jan. 29, 2009 (GLOBE NEWSWIRE) -- Immunomedics, Inc. (Nasdaq:IMMU), a biopharmaceutical company focused on developing monoclonal antibodies to treat cancer and other serious diseases, today reported that a single amino acid change in the binding region of veltuzumab improved its potency in preclinical lymphoma models. Results from this study were published by D.M. Goldenberg, E.A. Rossi, R. Stein, T.M. Cardillo, M.S. Czuczman, F.J. Hernandez-Ilizaliturri, H.J. Hansen and C-H. Chang in a paper entitled "Property and structure-function relationships of veltuzumab (hA20), a humanized anti-CD20 monoclonal antibody," in the January 29, 2009, issue of Blood. This study was supported in part by a grant from the National Cancer Institute.
Perf Go Green
Perf Go Green Signs Distribution Partnership With Kehe Food Distributors
NEW YORK, Jan. 29, 2009 (GLOBE NEWSWIRE) -- Perf Go Green Holdings, Inc. ("Perf Go Green") (OTCBB:PGOG) (http://www.perfgogreen.com), a marketer and distributor of biodegradable plastics, today announced a distribution partnership with Kehe Food Distributors. Kehe Food Distributors will distribute and make available Perf Go Green products to all retail grocery stores in 49 states in the Unites States, where the leading food distributor distributes more than 40,000 natural and specialty food items that fit the lifestyle of today's consumer.
TF Financial Corporation
TF Financial Corporation Reports 2008 Results and Quarterly Dividend
NEWTOWN, Pa., Jan. 29, 2009 (GLOBE NEWSWIRE) -- TF Financial Corporation (Nasdaq:THRD) today reported net income of $4,236,000 ($1.61 per diluted share) for 2008, compared with $4,845,000 ($1.78 per diluted share) for 2007. Net income for the three month period ended December 31, 2008 was $521,000 ($0.20 per diluted share) compared with $1,250,000 ($0.47 per diluted share) during the comparable period of 2007. The Company also announced that its Board of Directors declared a quarterly dividend of $0.20 per share, payable February 17, 2009 to shareholders of record on February 10, 2009.