latest news releases from the newsroom
Eternal Energy Corp.
Eternal Energy Announces Proposed Sale
LITTLETON, Colo., April 11, 2007 (PRIME NEWSWIRE) -- Eternal Energy Corp. (OTCBB:EERG) announces that it has agreed to sell all of the shares that it owns in Pebble Petroleum Inc. ("Pebble Petroleum") to Heartland Resources Inc. ("Heartland"). Eternal Energy owns five percent of Pebble Petroleum. Emerald Bay Holdings Ltd. ("Emerald Bay"), a private Irish corporation, which owns the other ninety-five percent of Pebble Petroleum, has also agreed to sell all of its interests in Pebble Petroleum to Heartland. The agreement is subject to satisfaction of certain material terms and conditions, completion of the financing, completion of satisfactory due diligence and title reviews, approval of the TSX Venture Exchange, and other terms and conditions that are consistent with similar transactions in the oil and gas industry.
QLogic Announces Release of HP StorageWorks IP Distance Gateway for SAN Growth Without Limitations
ALISO VIEJO, Calif., April 11, 2007 (PRIME NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), the leader in Fibre Channel host bus adapters (HBAs), stackable switches and blade server switches, today announced the release of the HP StorageWorks IP Distance Gateway, an intelligent storage router based on QLogic(r) SANbox(r) 6142 technology. The IP Distance Gateway is fully qualified with HP StorageWorks Continuous Access EVA software and HP StorageWorks Business Copy to improve data management and replication for HP StorageWorks XP and EVA arrays. In addition, the router offers SAN growth without limitations by utilizing the company's established IP network to share SAN devices and data replication services across remote SAN islands.
Mercantile Bank Corporation
Mercantile Bank Corporation Reports First Quarter Earnings
GRAND RAPIDS, Mich., April 11, 2007 (PRIME NEWSWIRE) -- Mercantile Bank Corporation (Nasdaq:MBWM) reported net income for the first quarter of 2007 of $4.3 million, a decrease of 13.1 percent from the $4.9 million reported for the first quarter of 2006. Diluted earnings per share were $0.53 compared with $0.61 reported for the year-ago quarter, a decrease of 13.1 percent. Net interest margin pressures and slower asset growth continue to impact earnings.
Lantronix to Air Live On Market News First Interview
IRVINE, Calif., April 11, 2007 (PRIME NEWSWIRE) -- Lantronix, Inc. (Nasdaq:LTRX), the leader in device networking, will be featured in an exclusive Market News interview on Wednesday, April 11, 2007. President and Chief Executive Officer Marc Nussbaum will speak on Lantronix's latest product and company news on Wednesday, April 11, 2007 at 11:15 a.m. PDT. Please go to www.MN1.com to listen to the live broadcast.