latest news releases from the newsroom
Izard Nobel LLP
Schatz Nobel Izard P.C. Announces Class Action Lawsuit Against Merrill Lynch & Co., Inc.
HARTFORD, Conn., Nov. 5, 2007 (PRIME NEWSWIRE) -- The law firm of Schatz Nobel Izard P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of all persons who purchased the common stock of Merrill Lynch & Co., Inc. ("Merrill" or the "Company") (NYSE:MER) between February 26, 2007 and October 23, 2007, inclusive (the "Class Period").
Ultrapetrol (Bahamas) Limited
Ultrapetrol to Announce Third Quarter 2007 Financial Results and Host Conference Call
NASSAU, Bahamas, Nov. 5, 2007 (PRIME NEWSWIRE) -- Ultrapetrol (Bahamas) Limited (Nasdaq:ULTR) will release its third quarter 2007 financial results on Tuesday, November 13th, 2007, after the market closes. Ultrapetrol will host a related conference call on Wednesday, November 14th, 2007, at 10:00 a.m. Eastern Time, accessible via telephone.
1st Pacific Bancorp
1st Pacific Bancorp Earns $685,000 in Third Quarter
SAN DIEGO, Nov. 5, 2007 (PRIME NEWSWIRE) -- 1st Pacific Bancorp (OTCBB:FPBN), the holding company for 1st Pacific Bank of California, today announced third-quarter 2007 results were impacted by the acquisition and integration of Landmark National Bank, which closed on July 1, 2007. Net income for the third quarter decreased 22% to $685,000 from $873,000 in the prior-year third quarter primarily as a result of nonrecurring expenses of $293,000 associated with the integration of Landmark and relocation of several existing offices. In connection with the acquisition, 1st Pacific issued approximately 1.0 million shares resulting in a 24.6% year-over-year increase in the number of average diluted shares outstanding for the quarter ended September 30, 2007. Consequently, third quarter diluted EPS of $0.13 declined 38% from $0.21 for the third quarter of 2006. For the nine months of 2007, net income totaled $2.0 million, or $0.44 per diluted share, compared with $2.4 million, or $0.57 per diluted share, for the nine months of 2006.
Bank of Virginia
Bank of Virginia Announces Third Quarter and Year-to-Date Earnings
MIDLOTHIAN, Va., Nov. 5, 2007 (PRIME NEWSWIRE) -- Bank of Virginia (Nasdaq:BOVA) (www.bankofva.com) today reported third quarter 2007 earnings of $189,000 or basic and diluted earnings of $0.06 per share for the quarter. This represents a 58.8% increase from $119,000 or basic and diluted earnings per share of $0.04 for the second quarter of 2007. This income level is more than double the $81,000 or basic and diluted earnings per share of $0.03 for the third quarter of 2006.