latest news releases from the newsroom
MMC Energy, Inc.
MMC Energy, Inc. Announces Sale of Equipment
NEW YORK, Feb. 12, 2009 (GLOBE NEWSWIRE) -- MMC Energy, Inc. (Nasdaq:MMCE) announced today that its wholly owned subsidiary MMC Mid-Sun, LLC, signed a definitive agreement to sell its General Electric LM2500(r) turbine and certain related power generating equipment for $4.0 million to an affiliate of Pro Energy Services, Inc.
Kratos Defense & Security Solutions, Inc.
Kratos Executes Previously Discussed Plan to Exit and Dispose of Non-Core Elements of Recently Acquired Businesses
SAN DIEGO, Feb. 12, 2009 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading national defense, IT and security solutions provider, today announced actions to improve profitability and cash flow by divesting and exiting three businesses that are either not core to Kratos' stated strategy and/or have been dilutive to the Company's profitability. The businesses to be divested and exited were part of Kratos' recent merger activity, and provide video surveillance and information analysis products, digital broadcasting products and incident response management systems. These actions are being taken as part of the Company's ongoing integration efforts of recently acquired companies and cost reduction initiatives. These divestitures will slightly reduce Kratos' revenues going forward and will immediately increase profitability and cash flow.
Endurance Specialty Holdings Ltd.
Endurance Reports Fourth Quarter 2008 Financial Results
PEMBROKE, Bermuda, Feb. 12, 2009 (GLOBE NEWSWIRE) -- Endurance Specialty Holdings Ltd. (NYSE:ENH) today reported net income of $16.9 million and $0.22 per diluted common share for the fourth quarter of 2008 versus net income of $152.5 million and $2.18 per diluted common share in the fourth quarter of 2007.
Informatica To Acquire Applimation
REDWOOD CITY, Calif., Feb. 12, 2009 (GLOBE NEWSWIRE) -- Informatica Corporation (Nasdaq:INFA), the leading independent provider of data integration software, today announced that it has signed a definitive agreement to acquire Applimation, the market leader in application Information Lifecycle Management (ILM). The acquisition is expected to close within a matter of days. Applimation delivers a product portfolio for customers to manage various phases of their application data lifecycle, from testing to archiving. Application ILM reduces total-cost-of-ownership and increases return-on-investment associated with enterprise business applications, such as ERP, CRM, HR and SCM.
New Dragon Asia Corporation
Chairman of New Dragon Asia Corporation Announces Departure of Chief Financial Officer
SHENZHEN, China, Feb. 12, 2009 (GLOBE NEWSWIRE) -- New Dragon Asia Corp. (NYSE-Alt:NWD), one of China's leading producers of instant noodles, flour-related products and soybean-derived products, announced today that Mr. Peter Mak, the Company's Chief Financial Officer, has resigned his position with the Company, effective today.
Jeffersonville Bancorp Announces Fourth Quarter and Full Year 2008 Earnings and Declares Quarterly Dividend
JEFFERSONVILLE, N.Y., Feb. 12, 2009 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp, Inc. (Nasdaq:JFBC) announced today fourth quarter net income of $2,633,000 ($0.63 per share) compared to $869,000 ($0.21 per share) for the fourth quarter of 2007. Earnings for the full year, 2008 were $2,702,000 ($0.64 per share) compared to $4,275,000 ($1.00 per share) for 2007.
3D Systems Corporation
First iPro(tm) Stereolithography Center in Benelux Running At Kemo B.V.
ROCK HILL, S.C., Feb. 12, 2009 (GLOBE NEWSWIRE) -- 3D Systems Corporation (Nasdaq:TDSC), a leading provider of 3-D Printing, Rapid Prototyping and Manufacturing solutions, announced today that it has installed its first iPro(tm) SLA(r) Precision Center in Benelux at Kemo B.V., a global engineering company that produces high-quality prototypes and functional models.
Avantair, Inc. Reports Second Quarter Fiscal 2009 Financial Results
CLEARWATER, Fla., Feb. 12, 2009 (GLOBE NEWSWIRE) -- Avantair, Inc. (OTCBB:AAIR) (OTCBB:AAIRU) (OTCBB:AAIRW), the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti aircraft, today announced financial results for its fiscal second quarter ended December 31, 2008.