latest news releases from the newsroom
Exciting Event Added to Itinerary of EQUITIES' Third Annual Mining/Resource Conference
NEW YORK, April 23, 2008 (PRIME NEWSWIRE) -- EQUITIES Magazine is pleased to announce that due to overwhelming positive response from its recent event, it will hold another cocktail reception at Rick's Cabaret & Steakhouse (Nasdaq:RICK) following the Third Annual Mining/Resource Conference on April 24. All attendees who check into the conference before 10 a.m. are guaranteed entry. Don't miss this exciting networking opportunity!
Industrial Distribution Group, Inc.
Industrial Distribution Group, Inc. Receives Definitive Offer to Acquire the Company At $12.10 Per Share From Luther King Capital Management
ATLANTA, April 22, 2008 (PRIME NEWSWIRE) -- Industrial Distribution Group, Inc. ("IDG" or the "Company") (Nasdaq:IDGR), a leading nationwide supplier of maintenance, repair, operating and production (MROP) products and Flexible Procurement Solutions(tm) services to manufacturers and other industrial users, announced today, after the market close, that the Company has received a definitive offer from affiliates of Luther King Capital Management ("LKCM") to acquire all outstanding shares of the Company's stock for a price of $12.10 per share in cash to the Company's stockholders, an increase from LKCM's earlier proposed offer of $11.70 per share that was subject to due diligence. LKCM's definitive offer was conveyed by delivery of an executed Agreement and Plan of Merger (the "LKCM Merger Agreement"), along with an equity financing commitment letter from an LKCM investment fund.
The DIRECTV Group, Inc. to Join the NASDAQ-100 Index Beginning April 30, 2008
NEW YORK, April 22, 2008 (PRIME NEWSWIRE) -- The DIRECTV Group, Inc. (Nasdaq:DTV) of El Segundo, California, will become a component of the NASDAQ-100 Index(r) (Nasdaq:NDX) and the NASDAQ-100 Equal Weighted Index (Nasdaq:NDXE) prior to market open on Wednesday, April 30, 2008. The DIRECTV Group, Inc. will replace BEA Systems, Inc. (Nasdaq:BEAS).
Hancock Holding Company
Hancock Holding Company Announces Earnings for First Quarter 2008
GULFPORT, Miss., April 22, 2008 (PRIME NEWSWIRE) -- Hancock Holding Company (Nasdaq:HBHC) today announced earnings for the quarter ended March 31, 2008. Hancock's first quarter 2008 earnings were $20.1 million, an increase of $0.8 million, or 4.30 percent, from the first quarter of 2007. Diluted earnings per share for the first quarter of 2008 were $0.63, an increase of $0.05 from the same quarter a year ago.
MedAvant Announces Receipt of Going Concern Opinion
ATLANTA, April 22, 2008 (PRIME NEWSWIRE) -- MedAvant Healthcare Solutions (MedAvant) (Nasdaq:PILL), a leader in healthcare technology and transaction services, today announced that it has been issued a going concern qualification from UHY LLP ("UHY"), the Company's independent registered public accounting firm. The going concern qualification was issued as part of UHY's audit opinion on the Company's 2007 consolidated financial statements and was based on the Company's declining revenues, recurring losses from operations and limitations on its access to capital.