latest news releases from the newsroom
Frontline Ltd. -- Sale Shares General Maritime Purchase of Newbuildings
HAMILTON, Bermuda, Aug. 15, 2006 (PRIMEZONE) -- Frontline Ltd. ("Frontline") announces that on August 14, 2006 it has sold its entire holding of 3,860,000 shares in General Maritime Corporation ("General Maritime") for US$40 per share. The shares were sold to World Wide Shipping. Frontline will record a gain of approximately US$9.7 million in the third quarter as a result of this sale. Frontline has, during the holding period, also recorded dividend income on the same investment of approximately US$13.3 million.
HCC Insurance Holdings, Inc.
HCC Insurance Holdings, Inc. Updates Status of Delayed Filing of Second Quarter 2006 Form 10-Q
HOUSTON, Aug. 14, 2006 (PRIMEZONE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) announced that it will delay filing its quarterly report on Form 10-Q for the quarter ended June 30, 2006 until completion of an independent review of its stock option granting practices. As previously disclosed in a Form 12b-25 filed with the Securities and Exchange Commission on August 9, 2006, the Company's management initiated a voluntary internal review of its stock option granting practices. The voluntary review found that in some instances the grant date may differ from the date used to record certain prior option grants, which could mean those grants may have been recorded incorrectly. Thereafter, the Board of Directors authorized its Audit Committee to conduct a comprehensive independent review of the Company's stock option granting practices from 1995 to the present. The Audit Committee has engaged independent counsel to assist in the review. This review is ongoing and no conclusions have been reached. The Company voluntarily notified the staff of the SEC of its review and the SEC has initiated an informal inquiry into this matter. The Company intends to fully cooperate.
Break Out of Your Cocoon Through This Book!
HYATTSVILLE, Md., Aug. 14, 2006 (PRIMEZONE) -- Even during times of crisis or painful trials, hope exists as long as you have faith and a strong vision. Author Anika-Tene' went through major trials in her life and through those times learned to value the sometimes difficult journey to new birth. With the release of her new book When Worms Take Flight, readers will discover a wealth of literature specially created by the author to help them unleash their wings.
Office of Senator Vincent Hughes
Pennsylvania Senator Vincent Hughes' Voice Resounds at XVI International AIDS Conference
TORONTO, Aug. 14, 2006 (PRIMEZONE) -- Pennsylvania Senator Vincent Hughes' voice is reverberating at the XVI International AIDS Conference being held this week in Toronto, Canada. At the start of the conference on Sunday, August 13, 2006, Hughes presented on a panel that explored "The Way Forward: The State of AIDS In Black America." He also participated in a press conference held earlier today that included Julian Bond, Chairman of the NAACP, U.S. Rep. Maxine Waters, Cheryl Cooper, National Council of Negro Women, George Curry, National Newspaper Publishers Association, H. Alexander Robinson, National Black Justice Coalition, Grazell Howard, National Coalition of 100 Black Women, and Pernessa Seele, The Balm In Gilead, among others.
Bestway Coach Express, Inc.
Bestway Coach Express, Inc. Shares Commence Quotation on OTCBB
NEW YORK, Aug. 14, 2006 (PRIMEZONE) -- Bestway Coach Express, Inc. (OTCBB:BWCX), a premier provider of motorcoach services, announced today that its common stock commenced quotation on the NASD Over-the-Counter Bulletin Board on June 28, 2006 under the symbol BWCX. The Company became a public reporting company on April 9, 2006, as the result of filing a registration statement on Form 10-SB under the Securities Exchange Act of 1934.
SouthCrest Financial Group, Inc.
SouthCrest Financial Group, Inc. and Maplesville Bancorp to Merge
FAYETTEVILLE, Ga, Aug. 14, 2006 (PRIMEZONE) -- SouthCrest Financial Group, Inc. (OTCBB:SCSG) and Maplesville Bancorp, Clanton, Alabama, announced today the execution of a definitive merger agreement, dated August 11, 2006, whereby Peachtree Bank, a wholly-owned subsidiary of Maplesville Bancorp will become a wholly-owned subsidiary of SouthCrest. Shareholders of Maplesville Bancorp will be entitled to receive an aggregate of approximately 371,000 shares of SouthCrest stock and $7,557,000 in cash. The Agreement is subject to regulatory approval and approval by the Maplesville shareholders. The parties contemplate closing during the fourth quarter.