latest news releases from the newsroom
Strategic Distribution, Inc.
Strategic Distribution, Inc. Announces Receipt of `Going Private' Proposal at $8.30 Per Share
BRISTOL, Pa., Nov. 16, 2006 (PRIMEZONE) -- Strategic Distribution, Inc. (Nasdaq:STRD) today announced that the special committee of its board of directors has received a letter from William R. Berkley, Chairman of the Board of the Company, that an entity he controls proposes to acquire all of the outstanding equity interests of the Company for $8.30 per share in cash. A copy of the text of the proposal letter to the special committee is set forth below in this release. Mr. Berkley presently beneficially owns approximately 22.5% of the Company's outstanding common stock.
Tower Financial Corporation
Tower Financial Corporation Announces Promotion
FORT WAYNE, Ind., Nov. 16, 2006 (PRIMEZONE) -- Tower Financial Corporation (Nasdaq:TOFC) announced today that Darrell L. Jaggers has been promoted to Executive Vice President and Chief Lending Officer of the Corporation. Jaggers will assume oversight of credit administration for the entire Corporation, including the establishment of credit policies and procedures for the bank and affiliate companies, and management of the credit support staff. In addition, Jaggers will continue in his role as chief lending officer of Tower Bank and Trust Company.
Delta Air Lines, Inc.
Delta Continues Expansion at JFK With New Nonstop Service to Phoenix/Scottsdale/Tempe
NEW YORK, Nov. 16, 2006 (PRIMEZONE) -- Delta Air Lines is continuing to increase customer choices from its New York-JFK hub with the addition of a key transcontinental destination from JFK: Phoenix/Scottsdale/Tempe. Effective Feb. 15, 2007, Delta will add one daily round-trip flight between JFK and Phoenix Sky Harbor Airport, complementing its other transcontinental routes to San Francisco, Seattle, Las Vegas, San Diego, Los Angeles and Salt Lake City.