latest news releases from the newsroom
Coastal Banking Company
Coastal Banking Company Reports Third Quarter 2007 Earnings
BEAUFORT, S.C., Nov. 7, 2007 (PRIME NEWSWIRE) -- Coastal Banking Company Inc. (OTCBB:CBCO), the holding company for Lowcountry National Bank in Beaufort, S.C., and First National Bank of Nassau County in Fernandina Beach, Fla., reported net income of $384,143 for the quarter ended Sept. 30, 2007, compared to $1.1 million in the third quarter of 2006. Diluted earnings per share in the third quarter of 2007 were $0.15, compared to $0.41 for the same period in 2006.
WCI Communities, Inc.
WCI Communities, Inc. Announces Restructuring; Board Waives Compensation
BONITA SPRINGS, Fla., Nov. 7, 2007 (PRIME NEWSWIRE) -- WCI Communities, Inc. (NYSE:WCI) announced today that it is implementing another significant reduction to its workforce in response to continued soft demand in its markets. As a part of this restructuring, David Fry will assume the post of Chief Operating Officer and will be responsible for WCI's Florida Tower Homebuilding in addition to his previous responsibilities for the company's Traditional Homebuilding, Real Estate Services and Amenities lines of business. In the new organizational structure, the Northeast and Mid-Atlantic traditional homebuilding regions will be combined, reporting to Mr. Fry. The Northeast and Mid-Atlantic Tower Homebuilding divisions will also be combined and will report directly to the company's CEO. This restructuring will result in a net reduction in force of about 575 employees and is expected to generate annual savings of approximately $46 million in salaries and benefits. The costs associated with this restructuring are estimated to be $5.4 million, of which approximately $1 million was incurred in the third quarter and the balance will be incurred in the fourth quarter. "This prolonged downturn requires that we continue to assess our overhead and make reductions in order to remain viable through the trough of this cycle," said Jerry Starkey, President and CEO. "We have been fortunate to retain the talent needed to navigate this tough time in the industry, and we believe we have the key leaders in place to respond to increased demand -- whenever that may occur. Our remaining workforce of roughly 2,100 employees represents a 46% reduction from our peak employment in mid 2006 of 3,889 employees."
Micro Systemation AB
MICRO SYSTEMATION AB VINNER FRANSKA INRIKESDEPARTEMENTETS UPPHANDLING
Micro Systemation har, efter offentlig upphandling, tecknat ramavtal med
franska Inrikesdepartementet och erhållit en inledande order värd 336 000,00 €.
Inrikesdepartementet* ”Centre de Technologies de la Sécurité Intérieure” (CTSI)
i samarbete med ”Laboratoire National de Police Scientifique” (PTS) har sedan
våren 2007 genomfört en offentlig upphandling föranledd av tidigare tester och
användning av .XRY. Efter en period av utvärdering med omfattande analys valdes