latest news releases from the newsroom
Grifco Begins Aggressive Stock Buy Back in the Open Market
HOUSTON, Dec. 19, 2005 (PRIMEZONE) -- Grifco International, Inc. (Pink Sheets:GFCI) and its board of directors have decided to embark on an aggressive initiative to create higher stock price for shareholders. The Board has approved up to 20,000,000 shares. Grifco has committed to buying an initial 1,000,000 (one million) shares of GFCI in the open market. This program will be effective immediately and will continue until the price of the company's stock, in management's opinion, reflects its true value based on a price-to-earnings ratio that would be normal and fair to the industry.
Power Technology Inc.
Toyota Tsusho to Evaluate Power Technology Inc. Battery
HOUSTON, Dec. 19, 2005 (PRIMEZONE) -- Power Technology Inc. (OTCBB:PWTC) announced today that Toyota Tsusho Corporation has agreed to evaluate its patent pending battery technology. Bernard J. Walter, CEO of Power Technology, stated, "We were invited to Tokyo to discuss Toyota Tsusho's battery needs and our battery technology. Toyota Tsusho has requested that we provide it with a prototype battery and technical data. We intend to do so once we finalize the terms of a mutual non-disclosure agreement to protect each party's proprietary and confidential information. Although we have no final agreement with Toyota Tsusho concerning its use of our battery technology, we believe that its willingness to evaluate how our technology can add value to its products is a good example of the opportunities our technology presents to the market. We look forward to other announcements in the near future."
Fox & Hound Restaurant Group
Fox & Hound Restaurant Group Announces Newcastle Partners LP and Steel Partners II, LP Reduction in Offer Price to $14.50 Per Share
WICHITA, Kan., Dec. 19, 2005 (PRIMEZONE) -- Fox & Hound Restaurant Group (Nasdaq:FOXX) announced that Newcastle Partners, LP and Steel Partners II, LP informed the Company that they have reduced the price they are willing to pay to acquire the Company, pursuant to a negotiated tender offer/merger, to $14.50 per share in cash. On December 12, 2005, Newcastle, Steel and F&H Acquisition Corp. publicly announced that they had sent a letter to the Special Committee of the Board of Directors of the Company expressing their willingness to offer to acquire Fox & Hound by negotiated tender offer/merger for $14.75 per share in cash.
HEICO Corporation Announces Regular Quarterly Conference Call
MIAMI and HOLLYWOOD, Fla., Dec. 19, 2005 (PRIMEZONE) -- On December 21, 2005, after the NYSE closing, HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) will release its financial results for the fourth quarter and fiscal year ended October 31, 2005. The earnings release will be available through the Internet on the Company's web site at http://www.heico.com.
AccountAbilities, Inc. Acquires Three California Staffing Offices
MANALAPAN, N.J., Dec. 19, 2005 (PRIMEZONE) -- AccountAbilities, Inc. (Pink Sheets:ACTB) announced today that it has acquired certain assets from Stratus Services Group, Inc. AccountAbilities' purchase covered the three staffing offices in Culver City, California, Lawndale, California and Orange, California