latest news releases from the newsroom
Genesis Lease Ltd.
Genesis Lease Declares Dividend On Its Common Shares
LIMERICK, Ireland, March 27, 2007 (PRIME NEWSWIRE) -- Genesis Lease Limited (NYSE:GLS) announced that its Board of Directors today declared a dividend of $0.53 per outstanding Common Share for the period from the completion of its initial public offering on December 19, 2006 to March 31, 2007. The dividend is payable May 10, 2007 to shareholders of record as of the close of business on April 24, 2007. The dividend reflects a quarterly dividend of $0.47 per share, plus an incremental amount of $0.06 to reflect the slightly longer period.
Legacy Reserves LP
Legacy Announces Revision to December 31, 2006 Unrealized Mark-to-Market Swap Position
MIDLAND, Texas, March 27, 2007 (PRIME NEWSWIRE) -- Legacy Reserves LP (Nasdaq:LGCY) today announced it has revised its unaudited, preliminary earnings downward by approximately $0.43 million due to a reporting error by the counterparty on Legacy's natural gas swaps. The swap counterparty has now revised our unrealized mark-to-market swap position as of December 31, 2006. The subject change to our financial statements is a non-cash reduction to earnings, which does not affect our ability to make our expected cash distributions.
New Medium Enterprises, Inc.
Dream Signing for Tsuburaya and New Medium Enterprises as Special Effects Goes on HD VMD
LONDON, March 27, 2007 (PRIME NEWSWIRE) -- New Medium Enterprises Inc. (NME) (OTCBB:NMEN) Tsuburaya Dream Factory (TDF), a company behind the leading Japanese animation production company Tsuburaya Dream Works, has reached an agreement to enter into a business partnership to represent NME Inc. within Japan and adopt HD VMD as their preferred HD format for content distribution. HD VMD is a format developed and owned by NME, a company bringing affordable HD entertainment across the globe.
Crystal International Travel Group, Inc.
Crystal International Records First Travel Related Revenue
MORRISTOWN, N.J., March 27, 2007 (PRIME NEWSWIRE) -- Crystal International Travel Group (OTCBB:CINT) is pleased to announce that it posted travel related revenue for the first time since it refocused its operations to emphasize travel services and its IntelliFares(tm) product and de-emphasize software related revenue sourced through its predecessor and technology subsidiary Mobile Reach International.
Aventine Renewable Energy Holdings, Inc.
Arnold M. Nemirow Joins Aventine's Board
PEKIN, Ill., March 27, 2007 (PRIME NEWSWIRE) -- Aventine Renewable Energy Holdings, Inc. (NYSE:AVR), a leading producer, marketer and end-to-end provider of clean renewable energy, today announced that Arnold M. Nemirow has been appointed to its Board of Directors. With this appointment, Aventine's Board will increase from seven members to eight. Mr. Nemirow will be a member of the Board's compensation committee