latest news releases from the newsroom
Entertainment Games, Inc.
eGames' Three Stooges Game Reels in Big Fish Exclusive
LANGHORNE, Pa., May 21, 2008 (PRIME NEWSWIRE) -- Casual games developer and publisher eGames, Inc. (Pink Sheets:EGAM) announced today the finalization of an exclusive distribution agreement with the premier online destination for casual entertainment, Big Fish Games(tm), to launch the company's new hidden object game, The Three Stooges(r): Treasure Hunt Hijinks, later this summer. In exchange for a period of exclusive placement on its website, Big Fish Games will heavily promote the game to millions of casual game fans.
PAB Bankshares, Inc.
PAB Bankshares, Inc. Announces Second Quarter 2008 Dividend and a Special Stock Dividend
VALDOSTA, Ga., May 21, 2008 (PRIME NEWSWIRE) -- On Tuesday, May 20, 2008, the Board of Directors for PAB Bankshares, Inc. (Nasdaq:PABK) declared a quarterly cash dividend in the amount of 9.5 cents ($0.095) per share. In addition, the Board of Directors approved a two percent (2.0%) stock dividend. Both dividends will be payable on July 15, 2008 to the Company's stockholders of record on June 30, 2008. The second quarter cash dividend is a 34% decrease compared to the 14.5 cents ($0.145) per share cash dividend paid in the previous quarter. "The decrease in the quarterly cash dividend is reflective of the decrease in our earnings in recent quarters. The Board of Directors elected to supplement our reduced quarterly cash dividend with this special stock dividend as an alternative means of providing our shareholders with a return on their investment, while preserving our capital," stated President and CEO M. Burke Welsh, Jr. "We believe that it is prudent to maintain a strong capital position in this difficult economic environment. We are also exploring several strategic opportunities that could potentially strengthen our franchise, and if we find such an opportunity, we will need that capital," added Welsh.
PAB Bankshares, Inc.
PAB Bankshares, Inc. Announces the Election of James W. Godbee, Jr. to the Board of Directors, Other Voting Results of the 2008 Annual Shareholders' Meeting
VALDOSTA, Ga., May 21, 2008 (PRIME NEWSWIRE) -- PAB Bankshares, Inc. (Nasdaq:PABK), the holding company for The Park Avenue Bank, proudly announces the appointment of James W. Godbee, Jr. to serve on the Company's Board of Directors for a two-year term. At the 2008 Annual Shareholders' Meeting held on Tuesday, May 20, 2008, the Company's shareholders voted to approve the Board's nomination of Mr. Godbee. Following the shareholders' meeting, the Board of Directors also appointed Mr. Godbee to serve on the Board of Directors of The Park Avenue Bank. "We look forward to Mr. Godbee's service on our Board. We believe that his accounting and business experience and his active community involvement will be a valuable asset to our Company for many years," stated President and CEO M. Burke Welsh, Jr.