latest news releases from the newsroom
U-Haul International, Inc.
Photo Release -- U-Haul Launches U Car Share - the Alternative to Car Ownership
BERKELEY, Calif., Jan. 21, 2009 (GLOBE NEWSWIRE) -- U Car Share is expanding its growth as it partners with the University of Berkeley by launching the alternative to vehicle ownership. U Car Share allows multiple users to share one vehicle, thus reducing an individual's environmental impact and allowing members to save thousands of dollars a year. Members pay only for what they use, in one low hourly rate. U Car Share takes care of fuel, insurance and maintenance costs.
Cuisine Solutions Inc.
Cuisine Solutions, Inc. Announces Second Quarter FY2009 Results
ALEXANDRIA, Va., Jan. 21, 2009 (GLOBE NEWSWIRE) -- Cuisine Solutions, Inc. (NYSE Alternext:FZN), a leading premium, fully-cooked, frozen food manufacturer, today announced results for the second quarter ended December 13, 2008. For the second quarter of fiscal year 2009 our net sales from products were $19,471,000, down 18.0% over prior fiscal year second quarter of $23,738,000. The only channel with growth in second quarter product sales was Military with a 63.1% increase compared to the same period in fiscal 2008. Net income for the second quarter of fiscal year 2009 decreased by 31.1% to $155,000 compared to second quarter of fiscal year 2008 income of $225,000 due primarily to reduced gross margins on reduced sales, partially offset by reduced expenses in research and development, selling and marketing and general and administrative expenses. Net income per share basic and diluted remained the same at $0.01 per share in the second quarter of fiscal 2009 and 2008. For the second quarter of fiscal year 2009, net sales from services were $218,000 as a result of the recent acquisition of CREA and other fee based training programs. The Company has reduced staffing, primarily in the U.S., as a result of the downturn in its business and the effects of the current economic environment. This reduction in workforce was implemented primarily after the end of the second quarter and the Company expects these reductions to result in cost savings of approximately $2,000,000 annually. There were few upfront costs related to this workforce reduction.
Apogee Enterprises, Inc.
Apogee Enterprises Declares Quarterly Cash Dividend
MINNEAPOLIS, Jan. 21, 2009 (GLOBE NEWSWIRE) -- The Board of Directors of Apogee Enterprises, Inc. (Nasdaq:APOG) announced it has declared a quarterly cash dividend of $0.0815 per share, payable on February 25, 2009 to shareholders of record on February 10, 2009. The company has approximately 27.9 million shares outstanding.
SB Financial Group
Rurban Financial Corp. Reports 2008 Earnings Increased 60 Percent From Previous Year's Results
DEFIANCE, Ohio, Jan. 21, 2009 (GLOBE NEWSWIRE) -- Rurban Financial Corp. (Nasdaq:RBNF), a leading provider of full-service community banking, investment management, trust services and bank data and item processing, reported 2008 earnings of $5.22 million, or $1.06 per diluted share, an increase of approximately 60.2 percent from the $3.26 million, or $0.65 per diluted share, reported in 2007. The 2008 results include thirty-one days of operation of the five banking centers acquired in the National Bank of Montpelier ("Montpelier") acquisition and the associated acquisition charges.
Labaton Sucharow LLP
Labaton Sucharow LLP Filed a Class Action Lawsuit Against KV Pharmaceutical Company -- KV-A, KV-B
NEW YORK, Jan. 21, 2009 (GLOBE NEWSWIRE) -- Labaton Sucharow LLP filed a class action lawsuit on January 21, 2009 in the United States District Court for the Eastern District of Missouri, on behalf of purchasers of the securities of KV Pharmaceutical Company ("KV" or the "Company") (NYSE:KV-A) (NYSE:KV-B) between May 31, 2007 and November 12, 2008, inclusive (the "Class Period"). The complaint names KV, Marc S. Hermelin, Ronald J. Kanterman, and Richard H. Chibnall as defendants (collectively, "Defendants"). The complaint alleges that during the Class Period, Defendants violated the Securities Exchange Act of 1934 by issuing various materially false and misleading statements about KV's compliance with federal regulations pertaining to the manufacture and marketing of certain generic drugs, as well as KV's financial well-being, business operations and prospects, which had the effect of artificially inflating the market price of the Company's securities.
SB Financial Group
Rurban Financial Corp. Announces Shareholder Dividend
DEFIANCE, Ohio, Jan. 21, 2009 (GLOBE NEWSWIRE) -- Rurban Financial Corp. (Nasdaq:RBNF), a leading provider of full-service community banking, investment management, trust services and bank data and item processing, announced their quarterly shareholder dividend will be $0.09 per share. The dividend is payable on February 20, 2009 to all shareholders of record on February 6, 2009.