latest news releases from the newsroom
Loral Space & Communications Inc.
Loral Reports 2008 Operating Results
NEW YORK, March 16, 2009 (GLOBE NEWSWIRE) -- Loral Space & Communications Inc. (Nasdaq:LORL) today reported its financial results for the year and fourth quarter ended December 31, 2008. Combined segment revenues and Adjusted EBITDA, including both the satellite manufacturing and the satellite services segments, for the year were $1.57 billion and $466.7 million, respectively. Combined revenues and Adjusted EBITDA for the quarter were $411.7 million and $132.5 million, respectively. Our net loss for the year and quarter, which were significantly impacted by non-cash charges which are described below, were $692.9 million and $629.4 million, respectively.
Q.E.P. Co., Inc.
Q.E.P. Co., Inc. Reports Extension of Agreement With Lenders
BOCA RATON, Fla., March 16, 2009 (GLOBE NEWSWIRE) -- Q.E.P. Co., Inc. (Nasdaq:QEPC) (the "Company") today announced that it had entered into an extension of a Forbearance Agreement with its lenders for the forbearance period to continue through April 16, 2009. The parties agreed to the extension of the Forbearance Agreement in order to facilitate negotiation of the terms of an amendment to the Company's domestic credit facility and Canadian mortgage facility.
Baldwin & Lyons, Inc.
Baldwin & Lyons, Inc. Announces Revision to Previously Reported Annual Earnings
INDIANAPOLIS, March 16, 2009 (GLOBE NEWSWIRE) -- Baldwin & Lyons, Inc. (Nasdaq:BWINA) (Nasdaq:BWINB) today announced that it has filed a Form 12b-25 to report a brief delay in the filing of its Form 10-K for the year ended December 31, 2008. The delay results from the receipt of information during the past week affecting the treatment of the timing of recording changes in market value on certain investment holdings. The anticipated change does not affect the valuation of the related asset at December 31, 2008, but merely the timing of recognition of changes in the market value of the asset in the income statement. As a result, the loss per share attributable to investments and net loss are expected to increase by fifteen cents per share for the fourth quarter and full year. Operating earnings (defined as net income excluding investment gains and losses), comprehensive income and book value per share are not expected to be affected. Further, there are no changes to total assets, total liabilities or total shareholders' surplus at December 31, 2008 as the result of this change and no interim or annual periods ending prior to December 31, 2008 are affected.
Aventine Renewable Energy Holdings, Inc.
Aventine Reports 4th Quarter and Full Year Results
PEKIN, Ill., March 16, 2009 (GLOBE NEWSWIRE) -- Aventine Renewable Energy Holdings, Inc. (NYSE:AVR), a producer and marketer of clean renewable energy, today released results for its fourth quarter and full-year ended December 31, 2008. The net loss for the quarter was $36.9 million, or $0.86 per diluted share, as compared to net income of $3.3 million, or $0.08 per diluted share, in the fourth quarter of 2007.
Hagens Berman, LLP
Oppenheimer Champion Income Fund Holders Turn to Hagens Berman Sobol Shapiro for Class-Action Representation -- OPCHX, OCHBX, OCHCX, OCHNX, OCHYX
SEATTLE, March 16, 2009 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro (HBSS), a nationally recognized class-action firm that filed a lawsuit against Oppenheimer Funds (Nasdaq:OPCHX) (Nasdaq:OCHBX) (Nasdaq:OCHCX) (Nasdaq:OCHNX) (Nasdaq:OCHYX), reports investors from across the country have contacted the firm, all detailing similar stories of significant financial losses they claim resulted from Oppenheimer's alleged fraudulent marketing of the fund.
HickoryTech Corporation Announces the Appointment of Diane Dewbrey to the Board of Directors
MANKATO, Minn., March 16, 2009 (GLOBE NEWSWIRE) -- HickoryTech Corporation (Nasdaq:HTCO) announced the selection of Diane L. Dewbrey as a director on HickoryTech's 10-member board. Dewbrey will fill the independent board position vacated on Dec. 31, 2008 by James H. Holdredge and will complete the remainder of Holdredge's term, which expires in 2010. Holdredge retired in December after serving on the Board since 1992. Dewbrey will serve on the compensation committee of the board.
Advanced Battery Technologies, Inc.
Advanced Battery Technologies Reports Full Year 2008 Financial Results
NEW YORK and HARBIN, China, March 16, 2009 (GLOBE NEWSWIRE) -- Advanced Battery Technologies, Inc. (Nasdaq:ABAT), a leading developer, manufacturer and distributor of rechargeable Polymer Lithium-Ion (PLI) batteries, today announced its financial results for the year ended December 31, 2008.