latest news releases from the newsroom
Equity Media Holdings Corporation
Equity Media Names Richard Rochon as Chairman of the Company's Board of Directors
LITTLE ROCK, Ark., May 23, 2008 (PRIME NEWSWIRE) -- Equity Media Holdings Corporation ("EMHC") today announced that Richard C. Rochon, a current member of EMHC's Board of Directors, has been named to serve as Chairman of the Board. Mr. Rochon previously served as Chairman of the Board and Chief Executive Officer of Coconut Palm Acquisition Corp., EMHC's predecessor company. Mr. Rochon co-founded Royal Palm Capital Partners, LLP ("RPCP"), a private equity investment and management firm, in February 2002 and has been its Chairman and Chief Executive Officer since that time. Mr. Rochon previously served as President of Huizenga Holdings from 1987 to 2002.
Izard Nobel LLP
Schatz Nobel Izard P.C. Announces Class Action Lawsuit Against TRM Corporation
HARTFORD, Conn., May 23, 2008 (PRIME NEWSWIRE) -- The law firm of Schatz Nobel Izard P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the District of Oregon on behalf of all persons who purchased the common stock of TRM Corporation, ("TRM" or the "Company") (Nasdaq:TRMM) between March 16, 2006 and May 22, 2007, inclusive (the "Class Period").
PCM Fund, Inc.
PCM Fund, Inc. Declares Monthly Dividend of 7.0 Cents Per Share
NEW YORK, May 23, 2008 (PRIME NEWSWIRE) -- The Board of Directors of PCM Fund, Inc. (the "Fund") (NYSE:PCM), a closed-end management investment company which seeks a high level of current income as a primary objective and capital gains as a secondary objective, announced today that it has declared a dividend of $0.07 cents per share.
Final Judgment of $35.7 Million Entered by Federal Court: CombiMatrix Will Seek to Collect
MUKILTEO, Wash., May 23, 2008 (PRIME NEWSWIRE) -- The United States District Court for the Central District of California (the "Court") has entered a Final Judgment in favor of CombiMatrix Corporation (Nasdaq:CBMX) in the amount of $35.7 million, to be paid by National Union Fire Ins. Co. of Pittsburgh, PA ("National Union"), a member company of American International Group (NYSE:AIG).
Datascope Declares Quarterly Cash Dividend
MONTVALE, N.J., May 23, 2008 (PRIME NEWSWIRE) -- Datascope Corp. (Nasdaq:DSCP) announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share, payable on June 26, 2008 to stockholders of record as of June 5, 2008.
Port of Houston Authority
PHA Commission Considers Security, Environmental Matters
HOUSTON, May 23, 2008 (PRIME NEWSWIRE) -- The Port Commission of The Port of Houston Authority (PHA) will consider a three-year security contract and key environmental matters on Wednesday, May 28, beginning at 9 a.m. in the board room of the PHA Executive Building, 111 East Loop North (Exit 29 off Loop 610) in Houston. Chairman Jim Edmonds will preside over the meeting with Commissioner Steve Phelps, Commissioner Jim Fonteno, Commissioner Kase Lawal, Commissioner Jimmy Burke, Commissioner Janiece Longoria and Commissioner Elyse Lanier.
Smithtown Bancorp Inc.
Smithtown Bancorp Declares Cash Dividend
SMITHTOWN, N.Y., May 23, 2008 (PRIME NEWSWIRE) -- The board of directors of Smithtown Bancorp (Nasdaq:SMTB) has declared a cash dividend of $.04 per share payable to all common shareholders of record as of the close of business on June 13, 2008. The dividend will be paid on July 1, 2008.
First Peoples Bank
FPB Bancorp, Inc. and First Peoples Bank Announce New Branch Office Opening
PORT ST. LUCIE, Fla., May 23, 2008 (PRIME NEWSWIRE) -- FPB Bancorp, Inc.'s wholly-owned subsidiary, First Peoples Bank, announced today the opening of its newest branch office, which is located at 2031 SW Gatlin Blvd., Port St. Lucie, Florida. This is the sixth branch for the bank, and the third location in St. Lucie County, Florida.
Proposal Software, Inc.
Proposal Software, Inc.'s Top-Rated Proposal Management Platform PMAPS to be Showcased At the APMP 19th Annual Conference May 27-30 in Rancho Mirage, California
WESTPORT, Conn. and RANCHO MIRAGE, Calif., May 23, 2008 (PRIME NEWSWIRE) -- Proposal Software, Inc. (PSI), The Leader In Proposal Productivity(tm), and developers of PMAPS(r), the best-in-class Proposal Management and Production System, will be showcased at the Association of Proposal Management Professionals 19th Annual International Conference in Rancho Mirage, California, May 27th through May 30th, themed "Global Positioning Strategies for Capture and Proposal Professionals," it was announced today by company CEO John A. Laurino.
Klayman & Toskes P.A.
Klayman & Toskes Files Arbitration Claim Against SunTrust for Recovery of Over $1.6 Million Frozen in Auction Rate Securities -- STI
NEW YORK, May 23, 2008 (PRIME NEWSWIRE) -- The Securities Law Firm of Klayman & Toskes, P.A. ("K&T") (http://www.nasd-law.com) announced today that it filed a lawsuit against SunTrust (NYSE:STI) with the Financial Industry Regulatory Authority's ("FINRA") Office of Dispute Resolution. According to the Complaint, SunTrust recommended that the Claimants purchase Nuveen Auction Rate Preferred Securities ("ARPS"). SunTrust represented the ARPS to be conservative, safe, liquid investments. Not having been advised of the risk and ability for illiquidity, the Claimants purchased the Nuveen ARPS. Today, about $1.6 million of the Claimants' money remains frozen due to continued failed auctions. Had all of the risks associated with the Nuveen ARPS been fully disclosed to the Claimants, they would not have invested millions of dollars into these securities.