latest news releases from the newsroom
MBT Financial Corp.
MBT Financial Corp. Annual Profits Increase
MONROE, Mich., Jan. 22, 2008 (PRIME NEWSWIRE) -- MBT Financial Corp. (Nasdaq:MBTF), the parent company of Monroe Bank & Trust, reported 2007 net income of $10.3 million, or $0.62 per diluted share, compared to the $3.8 million, or $0.22 per diluted share earned in 2006. For the fourth quarter the Company reported a loss of $161,000, or $0.01 per diluted share, compared to a profit of $3.7 million, or $0.22 per diluted share in the fourth quarter of 2006. The fourth quarter 2007 results were negatively impacted by the need to increase the Allowance for Loan Losses due to economic weakness and declining real estate values in southeast Michigan.
Alico, Inc. Announces Regular Quarterly Dividend and Election of Directors
LA BELLE, Fla., Jan. 22, 2008 (PRIME NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced at its annual stockholders meeting held on Friday, January 18, 2008, the election by stockholders of JD Alexander, John R. Alexander, Robert E. Lee Caswell, Evelyn D'An, Phillip S. Dingle, Gregory T. Mutz, Charles Palmer, Robert J. Viguet, Jr. and Dr. Gordon Walker to serve on the Company's Board of Directors.
Polydex Pharmaceuticals Limited
Polydex Pharmaceuticals Receives Staff Deficiency Letter from Nasdaq
TORONTO, Jan. 22, 2008 (PRIME NEWSWIRE) -- Polydex Pharmaceuticals Limited (Nasdaq:POLXF) announced today that on January 18, 2008, it received a Nasdaq Staff Deficiency Letter from The Nasdaq Stock Market notifying it that the Company's bid price per share for its common stock had closed below the $1.00 minimum bid price for 30 consecutive business days. As a result, Polydex no longer meets the requirements of Marketplace Rule 4310(c)(4) for continued listing on The Nasdaq Capital Market and has 180 calendar days, or until July 14, 2008, to regain compliance. During this 180-day period, Polydex shares will continue to trade on The Nasdaq Capital Market.
Directors Guild of America
DGA Sets Host and Presenters for 60th Annual DGA Awards Dinner
LOS ANGELES, Jan. 22, 2008 (PRIME NEWSWIRE) -- DGA President Michael Apted announced today that Carl Reiner will return as host for the 60th Annual Directors Guild of America Awards. This year will mark the 21st time Reiner has hosted the DGA Awards, which will take place on Saturday, January 26, 2008 at the Hyatt Regency Century Plaza in Los Angeles.
Nabi Biopharmaceuticals Initiates New Strategic Alternatives Process
ROCKVILLE, Md., Jan. 22, 2008 (PRIME NEWSWIRE) -- Nabi Biopharmaceuticals (Nasdaq:NABI) announced today that its Board of Directors has authorized the exploration of the full range of strategic alternatives available to the company in order to further enhance shareholder value. This strategic alternatives process will focus on, but is not limited to, a sale or merger of the company. Nabi has engaged Banc of America Securities LLC as financial advisor for this strategic process.