latest news releases from the newsroom
Balchem Corporation Announces Dividend
NEW HAMPTON, N.Y., Dec. 11, 2008 (GLOBE NEWSWIRE) -- Balchem Corporation (Nasdaq:BCPC) today announced that its Board of Directors has declared a dividend on its shares of common stock equal to $0.11 per share, payable on January 20, 2009 to holders of record on December 22, 2008. Dino A. Rossi, Balchem's Chairman, CEO and President stated, "As in the past, and even in these difficult economic conditions, we remain committed to rewarding our shareholders. Given our current progress and financial status, we are pleased to announce this annual dividend, consistent with the level of last year."
Omega Flex, Inc.
Omega Flex, Inc. Announces Special Dividend
MIDDLETOWN, Conn., Dec. 11, 2008 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (Nasdaq:OFLX) (the "Company") today announced that the record date for the previously announced special dividend has been moved to December 16, 2008. The payment date of the special dividend will remain December 23, 2008.
GenTek Inc. Announces GT Technologies Management Changes
PARSIPPANY, N.J., Dec. 11, 2008 (GLOBE NEWSWIRE) -- GenTek Inc. (Nasdaq:GETI) today announced the retirement of George "Greg" Gilbert, Vice President and General Manager of its wholly owned subsidiary, GT Technologies, effective December 26, 2008.
CenterPoint Energy, Inc.
CenterPoint Energy Files Unopposed Settlement Agreement to Deploy Interactive Meters Across Entire Footprint Over Next Five Years
HOUSTON, Dec. 11, 2008 (GLOBE NEWSWIRE) -- CenterPoint Energy, Inc.'s (NYSE:CNP) electric transmission and distribution subsidiary, CenterPoint Energy Houston Electric, today filed with the Public Utility Commission of Texas (PUC) a settlement agreement, which includes a plan to deploy an advanced metering system (AMS) across its service territory over the next five years. The settlement agreement reached with PUC staff and other interested parties is subject to review and approval by the PUC. The company anticipates that it could begin installing meters as early as March 1, 2009, if the filed plan is approved by the end of 2008.
LSI Industries Inc.
LSI Industries Inc. Updates Acquisition Related Activity
CINCINNATI, Dec. 11, 2008 (GLOBE NEWSWIRE) -- LSI Industries Inc. (Nasdaq:LYTS) today announced that it has not been able to reach mutually acceptable terms to acquire a small producer of specialty lighting products that would have been a bolt-on type of product acquisition. Negotiations and pre-acquisition due diligence had been underway for several months. The LSI Industries' October 23, 2008 press release made the following comments: "With respect to the bolt-on type lighting acquisition that we have been working on for the past several months, we are taking a conservative position and are now in the process of renegotiating the price and terms of this contemplated transaction. This is necessary given the lower valuation of peer group lighting companies and our debt averse orientation in these unsettled markets. The likelihood of successfully completing this acquisition has clearly gone down, but we are still working on finding an acceptable way to move forward." Unfortunately, we were unable to reach agreement and have terminated all discussions regarding the acquisition of this company.
U.S. Offshoring Plans Not Slowed by Financial Crisis
NEW YORK and DURHAM, N.C., Dec. 11, 2008 (GLOBE NEWSWIRE) -- U.S. companies plan to continue their current strategies for sourcing some functions overseas despite the current recession, and the worldwide economic downturn may even accelerate such plans, according to a study released today regarding the effects of offshoring trends on American competitiveness.