latest news releases from the newsroom
Bell Microproducts Inc.
Bell Microproducts to Present At the Raymond James IT Supply Chain Conference On November 18 At 12:00 p.m. Eastern Time
SAN JOSE, Calif., Nov. 10, 2008 (GLOBE NEWSWIRE) -- Bell Microproducts Inc. (Pink Sheets:BELM), one of the world's largest value-added distributors of storage and computing technology, today announced that it will make an investment community presentation at the Raymond James IT Supply Chain Conference in New York City on November 18, 2008 at 12:00 p.m. Eastern time. The presentation will be broadcast live over the Internet at www.wsw.com/webcast/rj40/belm/.
MicroIslet Announces Voluntary Reorganization Filing
SAN DIEGO, Nov. 10, 2008 (GLOBE NEWSWIRE) -- MicroIslet Inc. (OTCBB:MIIS) (http://www.microislet.com), a biotechnology company engaged in the development and commercialization of cell therapies for diabetes, today announced that it filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The company plans to continue operating the business without interruption as management focuses on developing and executing on a corporate restructuring plan.
AERT, Inc. Third Quarter Conference Call
SPRINGDALE, Ark., Nov. 10, 2008 (GLOBE NEWSWIRE) -- Advanced Environmental Recycling Technologies, Inc. (Nasdaq:AERT), a leading plastics recycler and leading manufacturer of Green building products, today announced it will hold a conference call to discuss the company's 2008 third quarter results.
GenTek Inc. Reports Third Quarter 2008 Results; Posts An 18 Percent Increase in Revenue and a 42 Percent Improvement in Adjusted EBITDA
PARSIPPANY, N.J., Nov. 10, 2008 (GLOBE NEWSWIRE) -- GenTek Inc. (Nasdaq:GETI) today announced results for the third quarter ended September 30, 2008. For the third quarter of 2008, GenTek had revenues totaling $178.7 million and operating profit of $17.4 million, after a $0.9 million restructuring charge. This compares to revenues of $151.3 million and operating profit of $20.4 million in the prior-year period, after a gain on disposition of long-term assets of $10.1 million and income from pension curtailments net of restructuring and impairment charges of $0.9 million. Strong revenue and operating profit results in the performance chemicals segment were partly offset by weakness in the valve actuation systems segment and the industrial wire market. The Company recorded income from continuing operations of $7.3 million, or $0.67 per diluted share, compared to income from continuing operations of $8.6 million, or $0.75 per diluted share, in the third quarter of 2007.
Universal Stainless & Alloy Products
Universal Stainless Reduces 2008 Fourth Quarter EPS Guidance Due to Lower Raw Material Prices
BRIDGEVILLE, Pa., Nov. 10, 2008 (GLOBE NEWSWIRE) -- In its quarterly report on Form 10-Q filed today, Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) updated its business outlook for the fourth quarter of 2008 previously reported in its earnings release and 8-K filing of September 23, 2008. In updating its outlook, the Company confirmed its forecast of consolidated sales in the range of $45 to $55 million, including sales of $10 to $12 million from its Dunkirk Special Steel segment. However, it now expects that diluted EPS will range from breakeven to $0.15 due to lower raw material prices. The details of its revised outlook follow.