latest news releases from the newsroom
Equity Media Holdings Corporation
RTN Announces Group Deal With New Age Media
LITTLE ROCK, Ark., Aug. 27, 2008 (GLOBE NEWSWIRE) -- Retro Television Network (RTN) announced today that it has entered into an agreement with New Age Media to launch RTN affiliates in five new markets. The new affiliates will air on digital streams of WQMY in Wilkes-Barre/Scranton, Pennsylvania, WPXT in Portland, Maine, WTLH in Tallahassee, Florida, analog station WYPN-CA in Gainesville, Florida, and a new television station in Columbus/Tupelo, Mississippi. The RTN affiliations are anticipated to sign on in early 2009.
Credit Acceptance Corporation
Credit Acceptance Announces the Extension of $325.0 Million Warehouse and $50.0 Million Residual Credit Facilities
SOUTHFIELD, Mich., Aug. 27, 2008 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced today that it has extended the maturity date of its $325.0 million revolving warehouse facility from February 11, 2009 to August 26, 2009, and extended the maturity date of its $50.0 million residual credit facility from September 9, 2008 to August 26, 2009. The interest rate on borrowings under the $325.0 million warehouse facility has been increased from a floating rate equal to the commercial paper rate plus 65 basis points to the commercial paper rate plus 100 basis points. The interest rate on borrowings under the $50.0 million residual credit facility has been increased from a floating rate equal to the commercial paper rate plus 145 basis points to the commercial paper rate plus 250 basis points. There were no other material changes to the terms of either facility.
HEICO Corporation Reports Record Sales, Operating Income and Net Income for Third Quarter Fiscal 2008; Fiscal 2008 EPS Target Reaffirmed
HOLLYWOOD, Fla. and MIAMI, Aug. 27, 2008 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI-A) (NYSE:HEI) today reported that net income increased 18% to a record $12,827,000, or 47 cents per diluted share, for the third quarter of fiscal 2008 from $10,914,000, or 40 cents per diluted share, for the third quarter of fiscal 2007. For the first nine months of fiscal 2008, net income increased 23% to a record $34,861,000, or $1.28 per diluted share, from $28,242,000, or $1.05 per diluted share, in the first nine months of fiscal 2007.
Monroe Bancorp Announces Cash Dividend
BLOOMINGTON, Ind., Aug. 27, 2008 (GLOBE NEWSWIRE) -- Monroe Bancorp (Nasdaq:MROE) announced that its Board of Directors recently declared a quarterly dividend of $0.13 per share on the Company's Common Stock. The dividend is payable on September 30, 2008 to shareholders of record as of September 15, 2008. This is unchanged from the cash dividend paid in the second quarter of 2008 and represents an annualized dividend yield of 4.49% based on the August 26, 2008 market value of $11.57 per share.
Holzer Holzer & Fistel, LLC
Holzer Holzer & Fistel, LLC Announces Investigation Into Hansen Natural Corporation
ATLANTA, Aug. 27, 2008 (GLOBE NEWSWIRE) -- Holzer Holzer & Fistel, LLC is investigating possible violations of federal securities laws by Hansen Natural Corporation ("Hansen" or the "Company") (Nasdaq:HANS). The investigation focuses on whether Hansen issued false and misleading public statements concerning the Company's financial condition resulting in the Company's stock trading at artificially high prices. The investigation seeks to determine whether Hansen violated the Securities Exchange Act of 1934 when it failed to disclose that sales of its Monster Energy Drink line were declining and that the Company was unable to control costs.
Holzer Holzer & Fistel, LLC
Holzer Holzer & Fistel, LLC Announces Investigation Into Daktronics Inc.
ATLANTA, Aug. 27, 2008 (GLOBE NEWSWIRE) -- Holzer Holzer & Fistel, LLC is investigating possible violations of federal securities laws by Daktronics Inc. ("Daktronics" or the "Company") (Nasdaq:DAKT). The investigation focuses on whether Daktronics issued false and misleading public statements concerning the Company's financial condition by failing to disclose that the Company was not performing according to internal expectations, that large orders were being delayed, and that the Company was unable to control its operating expenses.
Warren Resources, Inc.
Warren Resources Updates Recent California Developments
NEW YORK, Aug. 27, 2008 (GLOBE NEWSWIRE) -- Warren Resources, Inc. (Nasdaq:WRES) today announced that, on August 26, 2008, the California South Coast Air Quality Management District ("SCAQMD") Hearing Board issued its Findings and Decision approving Warren's use and operation of six microturbines and the installation of additional, low-emission equipment at its Wilmington Townlot Unit ("WTU") central facility under an agreed Order for Abatement. Warren previously installed and has been operating the microturbines since November 2007 under an agreement with the SCAQMD. The microturbines have the dual benefit of (1) generating electric power that is used at the WTU central facility (thereby reducing demand for outside electricity), and (2) helping reduce the natural gas produced at the WTU that is otherwise flared. The Decision resolved a number of other outstanding permitting and related issues with the SCAQMD and requires the Company to comply with certain operating parameters, including limiting the amount of oil field gas combused in the existing Flare King to no more than 94,285 standard cubic feet per day. The Decision by the SCAQMD came after well-attended public hearings on August 13 and 14, 2008.
Frozen Food Express Industries, Inc.
Frozen Food Express Industries, Inc. Announces Cash Dividend
DALLAS, Aug. 27, 2008 (GLOBE NEWSWIRE) -- Frozen Food Express Industries, Inc. (Nasdaq:FFEX) announced today that its Board of Directors declared a cash dividend of $0.03 per share of its common stock. The dividend will be paid on September 23, 2008 to shareholders of record as of September 8, 2008.