latest news releases from the newsroom
Kratos Defense & Security Solutions, Inc.
WFI Announces Close of $24 Million Sale of Wireless Deployment Business to Platinum Equity
SAN DIEGO, July 24, 2007 (PRIME NEWSWIRE) -- WFI (Nasdaq:WFII), a leader in information technology solutions, command and control systems, weapon systems operations and maintenance and enterprise security solutions, announced today that it has completed the previously announced agreement to sell its Wireless Deployment business to an affiliate of private equity firm Platinum Equity. The transaction is valued at $24 million in total consideration, and, with the closing of this transaction, WFI has received approximately $18 million in cash. The balance of $6 million is payable in a three-year earn-out arrangement through 2010. The deal also includes a Transition Services Agreement for the transition of certain services for a period of six months. The assets sold to Platinum Equity include all of WFI's Wireless Deployment business, and the Wireless Facilities name. The Company is planning to launch under a new name, new stock ticker and new overall brand soon.
Crown Crafts, Inc.
Crown Crafts' Open Letter to Stockholders Outlines the Real Story
GONZALES, La., July 24, 2007 (PRIME NEWSWIRE) -- Crown Crafts, Inc. (Nasdaq:CRWS) announced today that the Company has sent a letter to its stockholders in conjunction with its annual meeting of stockholders to be held in Gonzales, Louisiana on August 14, 2007. The Company urged its stockholders to consider the accomplishments and objectives of the Board detailed in the letter. The Company stressed the importance of this vote and asked stockholders to vote their shares on the WHITE proxy card that they will receive by mail. The body of the letter sent to stockholders is as follows:
QCR Holdings, Inc.
QCR Holdings, Inc. Announces Earnings Results For the Second Quarter of 2007
MOLINE, Ill., July 24, 2007 (PRIME NEWSWIRE) -- QCR Holdings, Inc. (Nasdaq:QCRH) today announced that earnings for the second quarter ended June 30, 2007 were $1.3 million, resulting in fully diluted earnings per share for common shareholders of $0.23. Earnings and earnings per share results for the first quarter of 2007 were $1.3 million and $0.22, respectively. For the same quarter one year ago, the Company reported earnings of $1.2 million, however, the prior year results were significantly impacted by a one-time gain on the sale of a foreclosed asset that increased after-tax earnings by $513 thousand. The Company's second quarter 2006 core earnings would have been $690 thousand without this one-time gain.
Summer Driving Tips From AutoZone
MEMPHIS, Tenn., July 24, 2007 (PRIME NEWSWIRE) -- Just because you are taking the family on a summer vacation doesn't mean it's OK to take a vacation from your routine car maintenance. Follow these simple tips from AutoZone (NYSE:AZO) to help keep your car on the road this summer!
Cascade Financial Corp.
Cascade Financial Second Quarter Net Income Grew 20 Percent to Record $4.0 Million
EVERETT, Wash., July 24, 2007 (PRIME NEWSWIRE) -- Cascade Financial Corporation (Nasdaq:CASB), parent company of Cascade Bank, today reported that it increased net income 20% in the second quarter of 2007, compared to the second quarter of 2006. Revenues (net interest income plus other income) increased 14% from a year ago, while loan and deposit generation remained strong. Cascade earned $4.0 million, or $0.32 per diluted share in the quarter ended June 30, compared to $3.3 million, or $0.27 per diluted share, in the second quarter of 2006. For the first six months of 2007, net income grew 19% to $7.7 million, or $0.63 per diluted share, compared to $6.5 million, or $0.53 per diluted share, in the first half of 2006.
The NASDAQ OMX Group, Inc.
The NASDAQ Stock Market Announces Open Short Interest Positions in NASDAQ Stocks for July 2007
NEW YORK, July 24, 2007 (PRIME NEWSWIRE) -- As of mid-July, short interest in 2,737 NASDAQ Global Market(sm) securities totaled 9,137,735,499 shares compared with 8,966,592,245 shares in 2,745 Global Market issues for the month of June. The July short interest represents 4.54 days average daily NASDAQ Global Market share volume for the reporting period, compared with 4.36 days in June.