latest news releases from the newsroom
Lundin Petroleum AB
LUNDIN PETROLEUM ANNOUNCES COMPLETION OF THE SALE OF ITS EAST AFRICAN INTERESTS
Lundin East Africa holds interests in and operatorship of production sharing
contracts (PSCs) covering Blocks 2, 6, 7 and 8 in the Ogaden Basin region in
the south of the Federal Republic of Ethiopia (Ethiopia) and covering the
Adigala Area in northern Ethiopia. Lundin Kenya holds an operated interest in
the PSC for Block 10A and a non-operated interest in the PSC for Block 9 in the
Anza Basin region in the northwest of the Republic of Kenya. Following the
completion of this transaction, Lundin
MorphoSys AG Reports Strong Results for First Quarter 2009
MARTINSRIED, Germany, April 28, 2009 (GLOBE NEWSWIRE) -- MorphoSys AG (Frankfurt:MOR) (Prime Standard Segment:TecDAX) today announced its financial results for the three months ended March 31, 2009 according to International Financial Reporting Standards (IFRS). Group revenues increased by 17% to EUR 19.1 million (Q1 2008: EUR 16.3 million) and operating profit amounted to EUR 4.2 million (Q1 2008: EUR 4.1 million). Net profit increased by 6% to EUR 3.5 million (Q1 2008: EUR 3.3 million). At March 31, 2009 MorphoSys's cash position was EUR 136.1 million (December 31, 2008: EUR 137.9 million).
Day Software Strengthens Its Board of Directors With Two New Nominations
BASEL, Switzerland and NEWPORT BEACH, Calif., April 28, 2009 (GLOBE NEWSWIRE) -- Day Software (SIX:DAYN) (OTCQX:DYIHY), a leading provider of content management and content infrastructure software, today announced the nominations of Barry Bycoff and David Arnott to the Board of Directors of Day Software. Elections for both nominees will be held on May 19, 2009 at Day's Annual Shareholder meeting in Basel, Switzerland.
Heritage-Crystal Clean, Inc.
Heritage-Crystal Clean, Inc. to Hold 2009 First Quarter Conference Call
ELGIN, Ill., April 28, 2009 (GLOBE NEWSWIRE) -- Heritage-Crystal Clean, Inc. (Nasdaq:HCCI) plans to release its 2009 first quarter financial results, which ended March 28, 2009, after the market close on Tuesday May 5, 2009.
PAB Bankshares, Inc.
PAB Bankshares, Inc. Announces First Quarter 2009 Financial Results
VALDOSTA, Ga., April 28, 2009 (GLOBE NEWSWIRE) -- PAB Bankshares, Inc. (Nasdaq:PABK), the parent company for The Park Avenue Bank, announced its consolidated financial results for the three months ended March 31, 2009. The Company reported a net loss of $295,000, or ($0.03) per diluted share, for the first quarter of 2009, compared to net earnings of $1.3 million, or $0.14 per diluted share, for the first quarter of 2008 and a net loss of $5.8 million, or ($0.60) per diluted share, for the fourth quarter of 2008. "Although there was a significant improvement in our results compared to the previous quarter, our earnings continue to be hampered by expenses related to the level of nonperforming assets on our balance sheet. In addition, our net interest margin remains compressed due to the low interest rate environment, the level of nonperforming assets and the amount of excess liquidity on our balance sheet not invested at market rates in our loan or bond portfolios," stated Company President and Interim CEO Jay Torbert. "We expect these anchors on our earnings to continue for at least two more quarters, but beyond that, we hope to be able to return to profitability," added Torbert.
Levi & Korsinsky, LLP
Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of InFocus Corporation
NEW YORK, April 28, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the board of directors of InFocus Corporation ("InFocus" or the "Company") (Nasdaq:INFS) arising out of their attempt to sell the Company to Image Holdings Corporation. Under the terms of the proposal, InFocus shareholders will receive $0.95 for every InFocus share they own. The transaction is unfair given that, among other things, the Company's shares traded above $1.30 per share as recently as October 2008, the Company has more than $0.41 per share in cash and has a book value in excess of $1.26.