latest news releases from the newsroom
Imperial Industries, Inc.
Imperial Industries, Inc. Announces Resignation of Director
POMPANO BEACH, Fla., April 6, 2009 (GLOBE NEWSWIRE) -- Imperial Industries, Inc. (Nasdaq:IPII) (the "Company") today announced that Douglas P. Kintzinger had resigned as a Director of the Company to devote more time to his primary business interests. Mr. Kintzinger had been a Director of the Company since his election to the Board in June 2008.
Northrop Grumman Corp.
Defense Department Selects Northrop Grumman for RFID III Contract
RESTON, Va., April 6, 2009 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) was one of four companies selected to receive a contract to provide radio frequency identification (RFID) hardware, software, and engineering services to the U.S. Department of Defense under the RFID III contract, providing increased network functionality, visibility, and security control.
Ocwen Financial Corp.
Ocwen Financial Corporation Announces Closing of $60 Million PIPE Investment
WEST PALM BEACH, Fla., April 6, 2009 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) is pleased to announce the closing on April 3, 2009 of the previously disclosed agreement to sell 5,471,500 shares of the Company's Common Stock in a private placement transaction for a price of $11.00 per share. The Company realized approximately $60 million in proceeds from this issuance. The purchasers, most of whom are existing Ocwen shareholders, are affiliated with a prominent Boston-based investment management firm, and purchased approximately 8% of the Company's total outstanding shares pursuant to this new issuance. Along with their existing stockholdings, the purchasers own approximately 9.6% of Ocwen's total outstanding shares as of the closing of the transaction.
Levi & Korsinsky, LLP
Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of Limco-Piedmont, Inc.
NEW YORK, April 6, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the board of directors of Limco-Piedmont, Inc. ("Limco" or the "Company") (Nasdaq:LIMC) arising out of their attempt to sell the Company to TAT Technologies, LTD ("TAT"). Under the terms of the merger agreement, Limco's stockholders will receive one half of an ordinary share of TAT for each share of Limco common stock they own, or approximately $2.37 for each Limco share per TAT share price on April 3, 2009. The transaction is unfair, given that, among other things, the Company's shares traded above $2.37 per share as recently as March 13, 2009. Furthermore, as of Dec. 31, 2008, Limco had $21.3 million in cash, or approximately $1.61 per share, and a book value of over $5.04 per share. Currently, TAT currently owns 61.8% of Limco's common stock.
What's Cooking, Grandma? -- New Memoir is an Eclectic Account of Life in a Bygone Era
SAVOY, Mass., April 6, 2009 (GLOBE NEWSWIRE) -- Nowadays, it is common that young adults leave the family home when they start lives and families of their own, often in different cities or states. That's why many grandchildren never get quite to know their grandparents. Enjoy this remarkable memoir as the author traces his family history and concocts an eclectic yarn in Grandma's Cookbook.
The Garibaldi Group/CORFAC International
Russo Development, LLC and Cervalis, LLC Finalized a Long Term Lease Deal of a 148,191 SF Data Center Facility
CHATHAM, N.J., April 6, 2009 (GLOBE NEWSWIRE) -- Russo Development, LLC and Cervalis, LLC have announced a long-term lease for a new, 148,191 square foot data center facility in northern New Jersey. The facility will have over 50,000 square feet of data center area with the balance of the space used for support equipment, disaster recovery and general offices. This lease represents Cervalis' first facility in New Jersey, giving the company a full-service presence in New York, New Jersey and Connecticut. With this new location, Cervalis now occupies more than 280,000 square feet of space for its data centers and disaster recovery centers in the tri-state area. The facility will be Russo Development's sixth data center increasing their portfolio of mission critical facilities in New Jersey to over 1.4 million square feet.
Rhone is Having a Party
VANCOUVER, British Columbia, April 6, 2009 (GLOBE NEWSWIRE) -- Rhone is a website for people who love the south of France and in particular, the French countryside. It's a great place. Rhone wines are one of the treasures of this part of France. Once known mostly for value, these wines are now also known for outstanding quality.
Liquor Group Wholesale, Inc.
Liquor Group CEO Nominated for 2009 Ernst & Young Entrepreneur
JACKSONVILLE, Fla., April 6, 2009 (GLOBE NEWSWIRE) -- C.J. Eiras, CEO of Liquor Group Wholesale (OTCBB:LIQR) has been nominated for the grand title of "Entrepreneur Of The Year 2009". Now entering its 23rd year, the EOY is the world's most prestigious business award for entrepreneurs who compete worldwide for nomination and receipt of these honors. Recognized globally, the award is bestowed upon the most outstanding entrepreneurs who have inspired others with their vision, leadership and achievement.