latest news releases from the newsroom
Coastal Technologies, Inc.
SmartData, Inc. Announces the Closing of its Subsidiary Offices in Richfield, Ohio
RICHFIELD, Ohio, Oct. 24, 2005 (PRIMEZONE) -- SmartData, Inc. (Pink Sheets:SDAI), a public-traded company, announced the closing of its subsidiary offices in Richfield, Ohio. The Board of Directors has decided to rescind the merger transaction of October 4, 2004 between SmartData of Ohio a private company and SmartData of California, formally known as Netcoast Communications, Inc. The Richfield office included both marketing and software development engineers. Marketing will continue to be handled through other locations and software development will be outsourced until further notice.
Views of Employees and Companies Differ on International Assignments, PricewaterhouseCoopers Study Finds
LONDON, Oct. 25, 2005 (PRIMEZONE) -- Companies and employees differ widely in their views towards overseas assignments, with their views at odds regarding the decision to go, the reintegration process and the impact on careers, according to a worldwide study by PricewaterhouseCoopers and Cranfield School of Management in the UK. Only those companies that align the incentives they offer with how they motivate employees will realise a return on the investment they make on these assignments and retain key employees when they return.
Apria Healthcare Group Inc.
Apria Healthcare Secures National Contract With CIGNA Healthcare
LAKE FOREST, Calif., Oct. 24, 2005 (PRIMEZONE) -- Apria Healthcare Group Inc. (NYSE:AHG) announced today that CIGNA HealthCare (NYSE:CI) has selected Apria to be its national preferred provider of home oxygen, respiratory equipment and services, home medical equipment and enteral nutrition, beginning on February 1, 2006. With over nine million covered lives nationwide, CIGNA HealthCare is among America's largest health plan.
Paragon Real Estate Equity and Investment Trust
Paragon Files Registration Statement for Proposed Public Offering
CLEVELAND, Oct. 24, 2005 (PRIMEZONE) -- Paragon Real Estate Equity and Investment Trust (AMEX:PRG) announced today that it has filed a registration statement with the Securities and Exchange Commission containing a preliminary prospectus relating to a proposed public offering of its common shares. Paragon has also granted the underwriters an option to purchase additional common shares to cover over-allotments, if any, and expects to complete the offering by the end of the year. Ferris, Baker Watts, Incorporated is acting as the sole manager of the offering.
Hydril Announces Third Quarter 2005 Earnings Per Share
HOUSTON, Oct. 24, 2005 (PRIMEZONE) -- Hydril (Nasdaq:HYDL) reported earnings for the third quarter ended September 30, 2005 of $0.81 per diluted share, up 13% sequentially from $0.72 reported in the second quarter of 2005, and up 33% from $0.61 reported for the third quarter of 2004. The current quarter included a gain on the sale of surplus real estate which, net of selling expenses, increased after-tax earnings by $0.06 per diluted share.
Heritage Oaks Bancorp
Heritage Oaks Bancorp Announces 3-for-2 Stock Split
PASO ROBLES, Calif., Oct. 24, 2005 (PRIMEZONE) -- Heritage Oaks Bancorp (Nasdaq:HEOP), the parent company of Heritage Oaks Bank, today announced its Board of Directors has declared a three-for-two stock split, which will be accounted for as a 50% stock dividend. The effective date (record date) of the stock split will be November 10, 2005. Each shareholder of record on November 10, 2005 will receive one additional share of HEOP common stock for every two shares owned, with any resulting fractional share settled in cash. The payment date for the distribution of the additional shares will be December 2, 2005. Following the issuance of the additional shares from the split, Heritage Oaks will have approximately 6.2 million shares outstanding.
Wolverine Tube Inc.
Wolverine Tube Announces Two New Members on Its Board of Directors
HUNTSVILLE, Ala., Oct. 24, 2005 (PRIMEZONE) -- Mr. David M. Gilchrist, Jr. and Mr. William C. Griffiths joined the Board of Directors of Wolverine Tube, Inc. (NYSE:WLV) on October 19, 2005. Also, Board member W. Barnes Hauptfuhrer has resigned to pursue other business opportunities, effective October 19, 2005. With the combination of these independent events, the Board expands from seven to eight members.
SYSCO Honors Advance Food Company As '2005 Supplier of The Year'
HOUSTON, Oct. 24, 2005 (PRIMEZONE) -- SYSCO Corporation (NYSE: SYY) today announced that Advance Food Company (Oklahoma City, OK) has been named as the company's 2005 Supplier of the Year. The honor was presented at SYSCO's 11th Annual Supplier Recognition Awards Ceremony in Houston. This is the first time that Advance Food Company has won SYSCO's Supplier of the Year honor. The company has been a member of SYSCO's Top 100 Suppliers in all 11 years of the program, including four appearances as a Top 10 Gold Partner.
SYSCO to Webcast First Quarter Earnings Conference Call
HOUSTON, Oct. 24, 2005 (PRIMEZONE) -- SYSCO Corporation (NYSE:SYY), North America's largest foodservice marketer and distributor, will provide an online, real-time webcast of its first quarter fiscal year 2006 earnings conference call on Monday, October 31, 2005, beginning at 10:00 a.m. (EDT).