latest news releases from the newsroom
BICO Announces That Vegas Wireless Entertainment Acquisition is Terminated- 11 May, 2006
DOVE CANYON, Calif., May 11, 2006 (PRIMEZONE) -- BICO, Inc. (OTCBB:BIKO) announced the termination of its agreement to acquire 100% of the issued and outstanding stock of Vegas Wireless Entertainment, Inc. "Vegas Wireless." The transaction has been terminated because Vegas Wireless notified BICO that it would not proceed with the transaction for reasons related to the tax treatment of the transaction for shareholders of Vegas Wireless.
Memorial City Mall
Fireworks and Flag Waving: Not Just for the Fourth
HOUSTON, May 11, 2006 (PRIMEZONE) -- Think of fireworks, and some of America's most joyous holiday observances come to mind -- the Fourth of July foremost among them. In a small but growing trend, however, patriotic displays of pyrotechnics will be featured from sea to shining sea during the coming Memorial Day weekend, a time traditionally devoted to more toned-down remembrances of fallen heroes and other loved ones.
Pacific Sunwear of California, Inc.
Pacific Sunwear Announces First Quarter Earnings
ANAHEIM, Calif., May 11, 2006 (PRIMEZONE) -- Pacific Sunwear of California, Inc. (Nasdaq:PSUN) today announced that sales for the first quarter were $299.9 million, an increase of 7.1 percent over total sales of $280.0 million for the first quarter ended April 30, 2005. First quarter net earnings were $0.16 per diluted share, including $0.03 related to stock option and pre-opening rent expenses. On a comparable non-GAAP basis, earnings per diluted share were $0.20 in the first quarter of 2005. Net income for the first quarter of fiscal 2006 was $11.9 million compared to $17.6 million for the first quarter of fiscal 2005. Same-store sales decreased 1.8 percent for the comparable thirteen-week period ended April 29, 2006.