latest news releases from the newsroom
Fuel Systems Solutions, Inc.
Fuel Systems Solutions Reports 2007 Third Quarter Results
SANTA ANA, Calif., Nov. 14, 2007 (PRIME NEWSWIRE) -- Fuel Systems Solutions, Inc. (Nasdaq:FSYS) today reported results for its third quarter ended September 30, 2007, reflecting continued revenue growth and the impact of unusual charges related to its voluntary historical stock option review and subsequently completed restatements last month.
San Luis Trust Bank
San Luis Trust Bank Announces 30 Percent Increase in Dividends
SAN LUIS OBISPO, Calif., Nov. 14, 2007 (PRIME NEWSWIRE) -- San Luis Trust Bank (OTCBB:SNLS) announced a year-end cash dividend of $0.16 per share. The dividend will be paid December 14, 2007 to shareholders of record as of November 30, 2007. This dividend, the second announced this year, brings total cash dividends for 2007 to $0.30 per share, a 30% increase over 2006. The Bank's CEO, Brad Lyon, commented that the significant increase is due to the continued solid earnings. He further stated that "the Board of Directors is committed to maximizing shareholder value by significantly increasing cash dividends within the parameters of prudent capital ratios and net income levels."
Marlin Business Services Corp.
Marlin Accelerates Growth With New Talent
MOUNT LAUREL, N.J., Nov. 14, 2007 (PRIME NEWSWIRE) -- Marlin Business Services Corp. (Nasdaq:MRLN) is pleased to announce the hiring of Ray Shilling as Director of Sales -- Office Equipment Group and Bob Haley as Vice President of Sales and Training. Ray joins Marlin as a seasoned manager in the Commercial Lending field. His previous work experience includes sales management roles at Advanta Leasing where he developed several vertical market businesses including the office equipment group. Bob Haley joins Marlin most recently from McCoy Enterprises where he served as a senior training consultant. He has also held numerous management roles in the telecom industry including General Manager at RCN Corporation and Vice President of Sales and Marketing at Centennial Corporation. Bob will assume the management responsibility for a New Jersey-based sales team and company-wide sales training programs.
Applied Micro Circuits Corporation
Applied Micro Circuits Corporation Announces 1-for-4 Reverse Stock Split
SUNNYVALE, Calif., Nov. 14, 2007 (PRIME NEWSWIRE) -- Applied Micro Circuits Corporation (NASDAQ:AMCC) today announced that its Board of Directors has decided to effect a 1-for-4 reverse split of all outstanding shares of its common stock. The reverse stock split will take effect at 11:59 pm, Eastern Time, on Monday, December 10, 2007. AMCC's common stock will begin trading on the NASDAQ Global Select Market on a split-adjusted basis on Tuesday, December 11, 2007, under the temporary trading symbol "AMCCD." The trading symbol will revert to "AMCC" after approximately 20 trading days.
Alico Reports Fourth Quarter and Annual Earnings
LA BELLE, Fla., Nov. 14, 2007 (PRIME NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced a net loss for the fourth quarter of fiscal year 2007 of $7.4 million, or $1.02 per share, compared with net earnings of $109 thousand, or $0.02 per share, during the fourth quarter of fiscal year 2006. For the year ended August 31, 2007, the Company reported a net loss of $13.8 million, or $1.88 per share. This compares with net earnings of $6.5 million, or $0.88 per share, during the fiscal year ended August 31, 2006. 2007 fourth quarter and annual losses were attributable to the accrual of additional taxes of approximately $5.9 million, or $0.80 per share, and $26.2 million, or $3.56 per share, for the fourth quarter and fiscal year, respectively, related to IRS audits of the Company's tax returns for tax years 2000 - 2004.
The Children's Place, Inc.
The Children's Place Retail Stores, Inc. Provides Update On NASDAQ Listing & SEC Filings
SECAUCUS, N.J., Nov. 14, 2007 (PRIME NEWSWIRE) -- The Children's Place Retail Stores, Inc. (Nasdaq:PLCE), today announced that it was unable to complete and file its delinquent SEC reports by end of business today, the previous deadline imposed by the Board of Directors of the Nasdaq Stock Market, but that the Company has been granted an extension until January 9, 2008 by the Nasdaq Board to file all of its delinquent periodic reports to regain compliance with Rule 4310(c)(14).