latest news releases from the newsroom
Scantek Medical, Inc.
Scantek Medical Issues Approximately 14% of its Common Stock For Consulting Services and a Commitment For Additional Financing
CEDAR KNOLLS, N.J., July 30, 2004 (PRIMEZONE) -- Scantek Medical, Inc. (Pink Sheets:SKML) announced today that on July 15, 2004, it entered into a three year agreement (the "Agreement") with a consultant to provide Scantek with services which, include, but are not limited to (A) advising Scantek in connection with marketing, management and financing strategies, (B) introducing Scantek to banks, lenders and other financing resources, (C) advising Scantek in connection with structuring business acquisitions and assisting Scantek in negotiations for the acquisition of merger candidates, (D) strategic alliances, (E) business development and business advertising, and (F) such other matters as Scantek shall from time to time request.
NuTech Digital, Inc.
NuTech Digital and Jessica Simpson Announce Exclusive Production Agreement for her Reality Tour
LOS ANGELES, July 30, 2004 (PRIMEZONE) -- NuTech Digital, Inc. (OTCBB:NTDL), a worldwide leader in the production and distribution of original and licensed DVD content, announced today it has executed an exclusive production agreement with Jessica Simpson through JT Productions for the production and distribution of an exclusive concert of the Jessica Simpson Reality Tour. This much-heralded tour, which is generating significant press internationally, will be produced in Hi-Definition utilizing state-of-the-art audio and video technology to capture the full realism of the Reality Tour performance.
PAB Bankshares, Inc.
PAB Bankshares, Inc. Announces Second Quarter 2004 Earnings
VALDOSTA, Ga., July 30, 2004 (PRIMEZONE) -- PAB Bankshares, Inc. (AMEX:PAB), the holding company for The Park Avenue Bank, announced its preliminary results for the second quarter of 2004. The Company reported net income of $2.12 million for the quarter, or $0.22 per diluted share, compared to $1.73 million, or $0.18 per diluted share, earned during the second quarter of 2003. The 22% increase in earnings is attributed to an improved net interest margin and increased operating efficiencies. The Company reported a net interest margin of 4.28% for the quarter, a 15 basis point improvement over the 4.13% margin reported for the same period last year. The Company also reported an operating efficiency ratio of 64.6%, an improvement over the 70.5% ratio reported in the same period last year. For the year to date, the Company reported net income of $4.25 million, or $0.44 per diluted share, compared to $3.56 million, or $0.37 per diluted share, for the first six months of 2003.
Rabobank Group Acquires Farm Credit Services Of America
UTRECHT, The Netherlands, July 30, 2004 (PRIMEZONE) -- The Rabobank Group and Farm Credit Services of America (FCSAmerica), headquartered in Omaha (Nebraska), have reached an agreement concerning the acquisition of this U.S. co-operative agricultural credit institution. The acquisition will require an investment 600 million dollars. Rabobank International, the Rabobank Group's international business bank that focuses primarily on the global food & agri sector, and FCSAmerica announced the transaction today. Once the acquisition has been finalised, FCSAmerica will continue its operations in the market under the Rabobank label.FCSAmerica has a balance sheet total of approximately USD 8 billion, more than 59,000 customers/stockholders and 900 employees. It is the largest provider of credit and insurance products to farmers and ranchers, the agricultural processing industry and rural residents in Iowa, Nebraska, South Dakota and Wyoming. In addition to its headquarters in Omaha, the farm credit bank has 43 retail offices within the above four states. The acquisition is not expected to lead to a reduction in the number of employees or to office closures. The senior management of FCSAmerica is also expected to stay on following the acquisition.
Dobson Communications Corporation
Dobson Communications Announces Schedule for Second Quarter Earnings Conference Call
OKLAHOMA CITY, July 30, 2004 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) plans to publish its second quarter 2004 operating and financial results after the market close on Monday, August 9, 2004. On Tuesday, August 10, it plans to conduct its second quarter earnings conference call beginning at 8 a.m. CDT (9 a.m. EDT). Investors will also be able to monitor the call via web-cast on Dobson's web site at www.dobson.net, under the "Investor Relations, Conference Calls" tab.
EMS Technologies, Inc.
EMS Technologies Awarded Phase Shifter Production Contract For Foreign Military Radar System
ATLANTA, July 30, 2004 (PRIMEZONE) -- EMS Technologies, Inc. (Nasdaq:ELMG) announced today that EMS's Space & Technology/Atlanta division has been awarded a contract valued at over $2M to provide the first production lot of phase shifter kits for the phased array antenna of an unnamed foreign military radar program. This award extends EMS's participation in the program, and will involve delivery of several thousand high-performance phase shifter kits over the next seven months. This effort is a follow-on to design, development and low-rate initial production that was completed during an engineering development phase.
Wolf Popper LLP
Wolf Popper Files Securities Fraud Class Action Against Synovis Life Technologies, Inc. -- SYNO
NEW YORK, July 30, 2004 (PRIMEZONE) -- Wolf Popper LLP has filed a securities fraud lawsuit against Synovis Life Technologies, Inc. ("Synovis") (Nasdaq:SYNO) and certain of its officers and directors, on behalf of all persons who purchased Synovis securities on the open market from October 16, 2003 through May 18, 2004. The action was filed in the United States District Court for the District of Minnesota. The complaint can be viewed on Wolf Popper's website or obtained from the Court.
Coastal Holdings, Inc.
Coastal Holdings, Inc. Provides Update on Vetdermal Systems Limited Acquisition
HOUSTON, July 30, 2004 (PRIMEZONE) -- Coastal Holdings, Inc. (Pink Sheets:CSJJ) is pleased to provide an update on the recent developments of Vetdermal Systems Limited (VDS). CSJJ has committed itself to a $2M investment program to purchase a major equity interest in VDS. CSJJ is proud to be a major investor in VDS, whose business strategy is to become the leader in the development of specialty transdermal formulations of drugs.