latest news releases from the newsroom
Izard Nobel LLP
Schatz Nobel Izard, P.C. Announces Class Action Lawsuit Against NovaStar Financial, Inc. -- NFI
HARTFORD, Conn., Feb. 23, 2007 (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 Western District of Missouri on behalf of all persons who purchased or otherwise acquired the common stock of NovaStar Financial, Inc. ("NovaStar" or the "Company") (NYSE:NFI) between May 4, 2006 and February 20, 2007 inclusive, (the "Class Period").
SuperCommunity Bank Conferences
Temecula Valley Bancorp, Inc. to Present at the 2007 Wunderlich Securities West Coast Bank Conference on February 26th
TEMECULA, Calif., Feb. 23, 2007 (PRIME NEWSWIRE) -- TEMECULA, Calif. Temecula Valley Bancorp, Inc. (Nasdaq:TMCV) will be presenting at the Wunderlich Securities West Coast Bank Conference in Chicago, IL. Stephen Wacknitz, Chairman, President and CEO, Donald Pitcher, EVP and CFO, and William McGaughey, Senior EVP and Director of Finance and SBA, are scheduled to present on Monday, February 26th at approximately 1:25 p.m. CT (11:25 a.m. PT).
Transmeridian Exploration, Inc.
Transmeridian Exploration Reports Completion of First Horizontal Lateral Well and Pipeline Access
HOUSTON, Feb. 23, 2007 (PRIME NEWSWIRE) -- Transmeridian Exploration Incorporated (AMEX:TMY) today announced that its first horizontal lateral well, SA-5H, has been successfully drilled. A total of 1,286 feet of deviated section was drilled, penetrating multiple productive intervals in the KT2 formation, with a horizontal section of approximately 600 feet in Object III, the most prolific productive interval in the field. The Company completed the well using a pre-perforated 4" liner with 2-7/8" production tubing. Well flow tests have been suspended due to severe winter storms, and flow tests are expected to resume once weather conditions permit. If the well performs as expected, field production rates should reach the 8,000 bopd level by April 2007, with the expected completion of up to two more lateral wells and recompletion or workover of several existing vertical wells.
RCM Technologies, Inc.
RCM Technologies, Inc. Announces Conference Call
PENNSAUKEN, N.J., Feb. 23, 2007 (PRIME NEWSWIRE) -- RCM Technologies, Inc. (Nasdaq:RCMT) will hold a conference call on Thursday, March 22, 2007 at 10:00 a.m. Eastern time to discuss the financial results for the three months and year ended December 30, 2006. The teleconference dial-in numbers are (866) 901-2585 for domestic callers and (404) 835-7099 for international callers.
Stonebridge Resources Exploration Ltd.
Stonebridge Resources Implements Plan to Exploit Wells On Kansas Acreage
HOUSTON, Feb. 23, 2007 (PRIME NEWSWIRE) -- Stonebridge Resources Explorations Inc. (Pink Sheets:SBRX) is developing a strategic program to re-work wells on their Kansas properties. There are currently 120 producing wells on the Kansas lease properties. The Company recently re-worked 4 wells on the properties that are producing 35 bbls of oil per day. Stonebridge is in the process of developing a strategy that will initiate the re-working of up to 4 wells per month. Specific focus will be directed at wells of which preliminary evaluations indicate above average flow rates. "We are now becoming quicker and more efficient bringing wells back into full production. As we continue to perfect and fine tune our oil recovery techniques, I am confident the Company will achieve its proposed goals and initiatives. The Kansas acreage presents incredible opportunity, bringing to the Company potentially high profits with minimal overhead expense," stated Stonebridge CEO, Phillip Christian.
Infinity Pharmaceuticals, Inc.
Infinity to Present At Susquehanna International Group Healthcare Conference
CAMBRIDGE, Mass., Feb. 23, 2007 (PRIME NEWSWIRE) -- Infinity Pharmaceuticals, Inc. (Nasdaq:INFI), an innovative cancer drug discovery and development company, today announced that Adelene Q. Perkins, Executive Vice President and Chief Business Officer, will be participating in a panel discussion at the SIGnificant Investment Options in Healthcare Conference hosted by Susquehanna International Group. The panel discussion titled "Biotech and Pharma M&A Consolidation Theme Accelerates" will take place on Thursday, March 1, 2007 at 3:00 p.m. EST at the Omni Berkshire Hotel in New York City.