latest news releases from the newsroom
Emtec Inc. Announces Completion of Consolidation Plan
TRENTON, N.J., Jan. 6, 2005 (PRIMEZONE) -- Emtec Inc. (OTCBB:ETEC), a systems integrator providing technology solutions to enable customers to effectively use and manage data to grow their businesses, today announced that it had completed the final phase of its office consolidation plan with the sub-lease of its New York office located at 880 3rd Avenue and the move to a smaller office located at 116 West 23rd Street, New York, N.Y. "I'm happy to report that we have completed this last phase of office consolidation in our Northeast Region," said John Howlett, CEO. "After giving effect to a one-time expense of approximately $480,000, we will still have an ongoing total annual savings of approximately $500,000 from these office consolidations that began in April 2004."
Coastal Holdings, Inc.
Coastal Holdings, Inc. Retires 1,666,666,668 Shares to Treasury
HOUSTON, Jan. 6, 2005 (PRIMEZONE) -- Coastal Holdings, Inc. (Pink Sheets:CSJJ), a leading edge global technology holding company, announced today that it has retired 1,666,666,668 shares to the Company's treasury, thereby reducing the total number of issued and outstanding shares. The restricted shares were originally issued to fund one of the Company's major investments in lieu of cash. CSJJ is pleased to report that it has accumulated the required cash to fund the investment and has financed the transaction as such in place of the original restricted shares. CEO Andrea Cortellazzi stated, "The retiring of these restricted shares is definitely a positive development for the company that will add significant shareholder value."
Market Pulse Announces its AM Stock Picks for Thursday, January 6, 2005: XCHC, AMAT, JDSU, PFE
ATLANTA, Jan. 6, 2005 (PRIMEZONE) -- Market Pulse is pleased to introduce our featured stock, The X-Change Corporation (OTCBB:XCHC), to the investment community! X- Change is new to Market Pulse and is a company that was organized to seek merger or acquisition candidates in the oil and gas industry! XCHC just had excellent news out before today's opening bell! This could be great news for investors! Other notable stocks that look great lately from a fundamental and technical perspective include:
The Cooper Companies, Inc.
Cooper Companies Merger With Ocular Sciences Completed
LAKE FOREST, Calif., Jan. 6, 2005 (PRIMEZONE) -- The Cooper Companies, Inc. (NYSE:COO) announced today that its merger with Ocular Sciences, Inc. has closed. At closing, Cooper paid approximately $600 million in cash and issued approximately 10.7 million shares of its common stock to Ocular Sciences stockholders and option holders. In accordance with Nasdaq trading policies, shares of Ocular common stock will continue to trade on The Nasdaq National Market until the market closes later today at 4:00 pm (EST); however, those shares will represent solely the right to receive the merger consideration of 0.3879 of a share of Cooper common stock and $22.00 in cash.