latest news releases from the newsroom
Beach First National Bank
Beach First Reports 42% Earnings Growth in 2004
MYRTLE BEACH, S.C., Jan. 25, 2005 (PRIMEZONE) -- Beach First National Bancshares, Inc., parent of Beach First National Bank (OTCBB:BFNB), announced earnings growth of 42.3% in 2004, marking the bank's fifth consecutive year of strong financial performance. Net income for the year ended December 31, 2004 increased 42.3%, totaling $1,435,922, or $0.71 per basic share, when compared to $1,008,931, or $0.51 per basic share, for 2003. Return on average equity for the year ended December 31, 2004 increased 29.1% to 9.10% compared to 7.05% in 2003.
Comment on Semcon's Acquisition of the Design and Engineering Agency Propeller
GOTEBORG, Sweden, Jan. 25, 2005 (PRIMEZONE) -- Acquisition of Propeller, the well-reputed design agency, underpins Semcon's position as one of the most prominent design and engineering companies in Europe. With Propeller, Semcon gains a group of designers repeatedly recognised for their innovativeness. Propeller has shown it is possible to generate additional sales by giving everyday items a design that is attractive to customers.
Market Pulse -- Stocks to Watch Alerts for Tuesday, January 25, 2005!
ATLANTA, Jan. 25, 2005 (PRIMEZONE) -- ATLANTA Market Pulse is pleased to introduce our "stocks to watch" this AM and our featured stock in the news, Meg Athletic Corporation (Pink Sheets:MEGJ), to the investment community! Meg Athletic is poised to become a significant player in the casual and leisure sports apparel market! MEGJ just had excellent news out after yesterday's bell! Investors should be following this one closely! Other notable stocks that look great lately from a fundamental and technical perspective include:
BOWE SYSTEC AG
BOWE SYSTEC Acquires Majority in North America
AUGSBURG, Germany, Jan. 25, 2005 (PRIMEZONE) -- As of January 2005, BOWE SYSTEC AG has acquired the majority of the U.S.-company BOWE Bell + Howell, as already announced in August last year. As agreed upon BOWE SYSTEC AG has taken over another 10% of the holding in the company from its North-American co-partners, now owning a 60% share of BOWE Bell + Howell. As a consequence the company will be fully consolidated from the current business year on. The agreement determines that the remaining shares held by the outside shareholders are to be acquired in annual tranches of 10% at mid-year. Thus the final take-over is expected for 2008.