latest news releases from the newsroom
Legacy Reserves LP
Legacy Reserves LP to Acquire Oil and Natural Gas Producing Properties for $20.8 Million
MIDLAND, Texas, April 10, 2007 (PRIME NEWSWIRE) -- Legacy Reserves LP (Nasdaq:LGCY) today announced that it has signed definitive purchase agreements to acquire certain oil and natural gas producing properties from two private companies for an aggregate purchase price of $20.8 million, subject to purchase price adjustments, to be paid in cash. The properties are located in Midland, Upton and Reagan counties of West Texas and Lea and Eddy counties of southeast New Mexico. The acquisitions are subject to customary closing conditions and are expected to close by the end of April.
Glancy Binkow & Goldberg LLP
Glancy Binkow & Goldberg LLP -- Representing Shareholders of NovaStar Financial, Inc. -- Announces Update to Shareholder Lawsuit
LOS ANGELES, April 10, 2007 (PRIME NEWSWIRE) -- Glancy Binkow & Goldberg LLP -- representing shareholders of NovaStar Financial, Inc. -- announces 14 days remaining to move to be a lead plaintiff in the shareholder lawsuit. All persons and institutions who purchased or otherwise acquired securities of NovaStar Financial, Inc. ("NovaStar" or the "Company")(NYSE:NFI) between May 4, 2006 and February 20, 2007, (the "Class Period"), may move the Court not later than April 24, 2007, to serve as lead plaintiff; however, you must meet certain legal requirements.
Scott+Scott, LLP Files Class Action Lawsuit Against Checkfree Corp. On Behalf of Investors -- CKFR
COLCHESTER, Conn., April 10, 2007 (PRIME NEWSWIRE) -- On April 10, 2007, Scott+Scott, LLP, filed a class action against Checkfree Corp. ("Checkfree" or the "Company") (Nasdaq:CKFR) and certain of its officers and directors in the U.S. District Court for the Northern District of Georgia. The action is on behalf of Checkfree publicly traded securities purchasers during the period April 26, 2006 and August 1, 2006 inclusive (the "Class Period"), for violations of the Securities Exchange Act of 1934. The complaint alleges that defendants made false and misleading statements and material omissions regarding the Company's business and operations and that, as a result, the price of the Company's securities was inflated during the Class Period, thereby harming investors.
Rush Enterprises, Inc.
Rush Enterprises, Inc. Conference Call Advisory for First Quarter 2007 Earnings Results
SAN ANTONIO, Texas, April 10, 2007 (PRIME NEWSWIRE) -- Rush Enterprises, Inc., (Nasdaq:RUSHA) (Nasdaq:RUSHB), which operates the largest network of heavy-duty and medium-duty truck dealerships in North America and a construction equipment dealership in Houston, Texas, will host its quarterly conference call to discuss earnings for the first quarter of 2007 on Wednesday, April 18, 2007 at 11 a.m. EST/ 10:00 a.m. CST. Earnings will be reported after the close of market on Tuesday, April 17, 2007.
Berliner Communications, Inc.
Berliner Adds Senior Executive to Management Team
ELMWOOD PARK, N.J., April 10, 2007 (PRIME NEWSWIRE) -- Berliner Communications, Inc. (OTCBB:BERL) ("Berliner") announced today the hiring of Bill Hillegas as Vice President of Business Strategy. Mr. Hillegas was formerly with General Dynamics, Inc., where he served as Vice President of Carrier Networks for the past seven years. Prior to his time with General Dynamics, he served as International Program Director for Williams Telecom for six years. In his new role, Mr. Hillegas will lead Berliner's effort to expand existing customer relationships, reach new carrier customers and diversify its business lines and customer base.
FuelCell Energy, Inc.
FuelCell Energy Announces Closing On Sale of 9,000,000 Shares of Common Stock
DANBURY, Conn., April 10, 2007 (PRIME NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq:FCEL) announced today the completion of its public offering of 9,000,000 shares of its common stock in an underwritten public offering that resulted in net proceeds to the company of approximately $62.8 million after deducting underwriting discounts and commissions and estimated offering expenses. The shares were sold at a public offering price of $7.50 per share. Pursuant to the terms of this offering, the company has granted the underwriters a 30-day option to purchase an additional 1,350,000 shares of its common stock to cover over-allotments, if any.
WorldCommodity Funds, Inc. Launches No-Load Mutual Fund
ATLANTA, April 10, 2007 (PRIME NEWSWIRE) -- WorldCommodity Funds, Inc. announces the launch of its first mutual fund, the open-end, no-load, WorldCommodity Fund(tm). WorldCommodity Fund reported a total return of 10.90% for the three month period ending March 30, 2007; and 14.33% since inception on October 27, 2006. The fund's first quarter performance of 10.90% ranks among the top 15 open-end mutual funds available to U.S. investors among the 8,800 funds tracked by Morningstar.com and the third-best performing of the 40 open-end funds in Morningstar's Specialty-Natural Resources category.
Chelsea Management Group Inc.
Chelsea Management Group Wholly Owned Subsidiary CS Financial Now Open
DENVER, April 10, 2007 (PRIME NEWSWIRE) -- Chelsea Management Group Inc. (Other OTC:CLMP), (Frankfurt:CS4) is pleased to announce that Chelsea Financial Services S. DE RL. DE CV has completed and opened a fully operational office in Mexico. Chelsea Financial Services S. DE RL. DE CV, a wholly owned subsidiary of Chelsea Management Group will provide a wide range of financial services such as mortgage lending, bridge financing, construction financing and equity lending to property buyers in the rapidly developing west coast of Mexico in particular the Puerto Vallarta area.
Shore Bancshares, Inc.
Shore Bancshares Subsidiary Opens Full-Service Branch in Camden, DE Wal-Mart Store
EASTON, Md., April 10, 2007 (PRIME NEWSWIRE) -- The Felton Bank, a wholly owned subsidiary of Shore Bancshares, Inc. headquartered in Felton, Delaware, today announced the opening of its third full-service branch, a facility inside the Camden Wal-Mart superstore located on US Rte. 13 in the rapidly expanding south Dover marketplace.