latest news releases from the newsroom
American Mold Guard, Inc.
American Mold Guard Hires PR Financial Marketing
SAN JUAN CAPISTRANO, Calif., Jan. 23, 2008 (PRIME NEWSWIRE) -- American Mold Guard, Inc. (Nasdaq:AMGI), a provider of structural decontamination and protective coating services, announced that it has retained PR Financial Marketing LLC, headquartered in Houston, TX, to launch a financial marketing program intended to broaden its presence within the financial community.
Northrim BanCorp, Inc.
Northrim BanCorp Assets Cross Billion Dollar Mark
ANCHORAGE, Alaska, Jan. 23, 2008 (PRIME NEWSWIRE) -- Northrim BanCorp, Inc. (Nasdaq:NRIM) today reported total assets crossed the $1 billion mark at year end 2007 following the fourth quarter completion of its acquisition of Alaska First Bank & Trust, N.A. Profits in 2007 benefited from core deposit and other operating income growth along with a strong net interest margin, which helped offset higher loan loss provisions. In 2007, net income totaled $11.7 million or $1.80 per diluted share, compared to $13.0 million, or $1.99 per diluted share, in 2006. Reflecting the addition of $3.0 million to reserves, earnings in the fourth quarter of 2007 were $2.2 million, or $0.34 per diluted share, compared to $3.7 million, or $0.56 per diluted share, in the like period a year ago. All per share results reflect the payment of a 5% stock dividend in October 2007 and the ongoing share repurchase program.
FreeStar Technology Corp.
FreeStar Rejects Proposed Offer of $45 Million to Acquire Rahaxi and Other Assets
DUBLIN, Ireland, Jan. 23, 2008 (PRIME NEWSWIRE) -- FreeStar Technology Corp. (OTCBB:FSRT) an international card payments processor and technology company, today announced that it had rejected a proposed offer to acquire all of the assets of Rahaxi, Inc., the Company's wholly-owned subsidiary, as well as certain other Company assets. Planet Payment, Inc (LSE:PPTR) (LSE:PPT) submitted the preliminary offer letter through its representative, Canaccord Adams Limited. The proposal, which was non-binding and subject to various due diligence and other contingencies, including negotiation of a definitive agreement, offered a maximum of US$45 million for the assets, with all funds payable in restricted stock of Planet Payment. The proposal was structured with an initial restricted stock payment of $12.5 million and up to an additional $32.5 million in potential aggregate earn-out payments, which were contingent upon substantial future revenue growth by the Rahaxi business and other assets.