latest news releases from the newsroom
Triangle Capital Corporation
Triangle Capital Corporation Invests $3.5 Million In Wholesale Floors, Inc.
RALEIGH, N.C., June 18, 2008 (PRIME NEWSWIRE) -- Triangle Capital Corporation (Nasdaq:TCAP) ("Triangle" or the "Company"), a leading specialty finance company that provides customized financing solutions to lower middle market companies located throughout the United States, today announced that it closed a $3.5 million subordinated debt and warrant investment in Wholesale Floors, Inc. ("Wholesale Floors"). Wholesale Floors, headquartered near Phoenix, provides commercial flooring design and installation services for institutional and corporate clients and is the largest full-service flooring contractor in the state of Arizona.
Aastrom Biosciences, Inc.
Aastrom Biosciences Receives Notice Related to Nasdaq Minimum Closing Bid Price Rule
ANN ARBOR, Mich., June 18, 2008 (PRIME NEWSWIRE) -- Aastrom Biosciences, Inc. (Nasdaq:ASTM), a leading regenerative medicine company, today announced that on June 18, 2008 the Company received a notice from The Nasdaq Stock Market (Nasdaq) informing the Company, that pursuant to Nasdaq's previous deficiency letter of December 20, 2007, Aastrom had not regained compliance with Nasdaq Marketplace Rule 4310(c)(4) related to the minimum closing bid price of the Company's common shares by June 17, 2008. The notice stated that because Aastrom met all initial inclusion criteria for the Nasdaq Capital Market set forth in Marketplace Rule 4310(c) on June 17, 2008, except for the minimum closing bid price requirement, in accordance with Marketplace Rule 4310(c)(8)(D) Aastrom will now be provided an additional 180 calendar day compliance period, or until December 15, 2008, to regain compliance. At this time, this notification has no effect on the continued listing of Aastrom's common stock on the Nasdaq Capital Market.
Dow Jones Indexes
Dow Jones Islamic Market Indexes Index Review Results: 2nd Quarter 2008
NEW YORK, June 18, 2008 (PRIME NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced the results of the regular quarterly review of the Dow Jones Islamic Market (DJIM) Indexes. All changes will be effective prior to the start of trading on Monday, June 23, 2008.
Bernstein Liebhard & Lifshitz, LLP
Bernstein Liebhard & Lifshitz, LLP Named Among the 'Best of the Best' by The Legal 500 for Second Straight Year
NEW YORK, June 18, 2008 (PRIME NEWSWIRE) -- The Legal 500, a guide to the best commercial law firms in the United States, has recognized Bernstein Liebhard & Lifshitz, LLP (www.bernlieb.com) for the second straight year as one of the top six plaintiffs' securities class action firms in the country. According to its editor, The Legal 500 is an independent "guide to 'the best of the best' -- the pre-eminent firms in the world's strongest and most competitive legal market."
Generex Biotechnology Corp.
Generex Biotechnology Corporation to Hold Conference Call On Tuesday, June 24th to Update Investors On Phase III Trial of Generex Oral-lyn and Other Corporate Activities
WORCESTER, Mass., June 18, 2008 (PRIME NEWSWIRE) -- Generex Biotechnology Corporation (Nasdaq:GNBT) (http://www.generex.com), the leader in drug delivery for metabolic diseases through the inner lining of the mouth, announced today that it will hold a conference call on Tuesday, June 24, 2008 at 11 a.m. Eastern Time to update the investment community on its Phase III clinical trial of the Company's flagship product, Generex Oral-lyn(tm), an oral insulin spray, activity in the regions where the Company's products have been approved for sale, and progress at its Antigen Express wholly-owned subsidiary.
Investors Real Estate Trust
Investors Real Estate Trust to Change Ticker Symbol On NASDAQ From 'IRETS' to 'IRET'
MINOT, N.D., June 18, 2008 (PRIME NEWSWIRE) -- Investors Real Estate Trust (Nasdaq:IRETS) (Nasdaq:IRETP) announced today that the ticker symbol for its common shares of beneficial interest listed on the NASDAQ Global Select Market will be changed from "IRETS" to "IRET", effective upon market open on Tuesday, July 1, 2008. Investors Real Estate Trust has been listed on NASDAQ since 1997. The Cusip number for the Company's common shares (461730103) is unaffected, and the symbol for the Company's preferred shares, IRETP, will remain unchanged.
Colony Bankcorp, Inc.
Colony Bankcorp, Inc. Declares Second Quarter Dividend
FITZGERALD, Ga., June 18, 2008 (PRIME NEWSWIRE) -- Colony Bankcorp, Inc. (Nasdaq:CBAN) announced today that its Board of Directors declared a quarterly cash dividend of $0.0975 per share payable July 11, 2008 to shareholders of record on June 30, 2008. This represents an increase of 8.33 percent over the cash dividend paid of $0.09 per share in the second quarter a year ago. Though Colony has increased quarterly dividends consecutively the past twenty one quarters, company management deemed it prudent to hold dividends at the current level given the continued downturn in the housing and real estate market and the economy in general. As with most other companies in the financial sector, the downturn has negatively impacted Colony's earnings from a year ago; however, on a positive note Colony's capital position has improved from a year ago and remains strong as its total risk-based capital ratio approximates 12.50 percent -- well above the regulatory minimum requirement of 10 percent to be categorized as "well-capitalized".