latest news releases from the newsroom
Finding Redemption in 8647 Candy Street -- New Book Tells a Compelling True Story of Abuse, Trauma, Faith, Hope, and Redemption
SULPHUR, La., Jan. 21, 2009 (GLOBE NEWSWIRE) -- Home is where the heart is or so people say. But what if your home is a torture chamber that breeds fear, abuse and trauma? Author Rev. James L. Brooks has been ashamed to tell his story for many years. Now he has gathered the courage to open Pandora's box and reveal to the world for the first time, the secret trauma his family suffered in 8647 Candy Street: My Lord, My Shepherd, His Evil.
Levi & Korsinsky, LLP
Levi & Korsinsky, LLP Announces Class Action Against Advanced Medical Optics, Inc. -- EYE
NEW YORK, Jan. 21, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that it has filed a class action lawsuit alleging breaches of fiduciary duty and other violations of state law by the board of directors of Advanced Medical Optics, Inc. ("Advanced Medical" or the "Company") (NYSE:EYE) arising out of their attempt to sell the Company to Abbott Laboratories ("Abbott"). Under the terms of the agreement, shareholders of Advanced Medical will receive $22.00 cash for every share they hold of Advanced Medical, or $1.36 billion. The transaction appears to be unfair and undervalues the Company's shares given that Advanced Medical's shares traded as high as $23.31 per share as recently as September 2, 2008. Moreover, the present purported premium offer represents only a 2.5 multiplier from last year's sales, which is in line with multipliers on similar deals and therefore does not appear to represent any significant premium payable to Advanced Medical shareholders.
U-Haul International, Inc.
Photo Release -- U-Haul Launches U Car Share - the Alternative to Car Ownership
BERKELEY, Calif., Jan. 21, 2009 (GLOBE NEWSWIRE) -- U Car Share is expanding its growth as it partners with the University of Berkeley by launching the alternative to vehicle ownership. U Car Share allows multiple users to share one vehicle, thus reducing an individual's environmental impact and allowing members to save thousands of dollars a year. Members pay only for what they use, in one low hourly rate. U Car Share takes care of fuel, insurance and maintenance costs.
Cuisine Solutions Inc.
Cuisine Solutions, Inc. Announces Second Quarter FY2009 Results
ALEXANDRIA, Va., Jan. 21, 2009 (GLOBE NEWSWIRE) -- Cuisine Solutions, Inc. (NYSE Alternext:FZN), a leading premium, fully-cooked, frozen food manufacturer, today announced results for the second quarter ended December 13, 2008. For the second quarter of fiscal year 2009 our net sales from products were $19,471,000, down 18.0% over prior fiscal year second quarter of $23,738,000. The only channel with growth in second quarter product sales was Military with a 63.1% increase compared to the same period in fiscal 2008. Net income for the second quarter of fiscal year 2009 decreased by 31.1% to $155,000 compared to second quarter of fiscal year 2008 income of $225,000 due primarily to reduced gross margins on reduced sales, partially offset by reduced expenses in research and development, selling and marketing and general and administrative expenses. Net income per share basic and diluted remained the same at $0.01 per share in the second quarter of fiscal 2009 and 2008. For the second quarter of fiscal year 2009, net sales from services were $218,000 as a result of the recent acquisition of CREA and other fee based training programs. The Company has reduced staffing, primarily in the U.S., as a result of the downturn in its business and the effects of the current economic environment. This reduction in workforce was implemented primarily after the end of the second quarter and the Company expects these reductions to result in cost savings of approximately $2,000,000 annually. There were few upfront costs related to this workforce reduction.
Apogee Enterprises, Inc.
Apogee Enterprises Declares Quarterly Cash Dividend
MINNEAPOLIS, Jan. 21, 2009 (GLOBE NEWSWIRE) -- The Board of Directors of Apogee Enterprises, Inc. (Nasdaq:APOG) announced it has declared a quarterly cash dividend of $0.0815 per share, payable on February 25, 2009 to shareholders of record on February 10, 2009. The company has approximately 27.9 million shares outstanding.