latest news releases from the newsroom
Chino Commercial Bank
Chino Commercial Bank Recognized by Findley Reports
CHINO, Calif., April 30, 2007 (PRIME NEWSWIRE) -- Chino Commercial Bank9 (OTCBB:CCBC) was recently recognized by The Findley Reports on Financial Institutions by receiving Findley's highest rating of "Super Premier Performance" for the 2006 fiscal year. The Bank, which has branches in Chino and Ontario received the recognition from Findley for its financial and operational performance during the year, including Growth, Profitability and Loan performance.
Nadel Architects Announces New Role for Senior Staffer
LOS ANGELES, April 30, 2007 (PRIME NEWSWIRE) -- Nadel Architects, one of the largest architectural firms in the U.S., today announced that Dan Meis has transitioned from his current position at Nadel to the role of Advisory Consultant in order to pursue an opportunity with Robert Charles Lesser & Co. (RCLCo), one of the largest real estate consulting firms in the nation.
Parker Waichman Alonso LLP
Parker Waichman Alonso Mark LLP Retained by Hundreds to Investigate Injuries Caused by Recalled Composix Kugel Mesh Patch
NEW YORK, April 30, 2007 (PRIME NEWSWIRE) -- Parker Waichman Alonso Mark LLP (www.yourlawyer.com) announced that it has been retained by hundreds of clients who have been injured by defective Composix Kugel Mesh Patch manufactured by Davol, a division of C.R. Bard (NYSE:BCR). The company first recalled the Composix Kugel Mesh Patch in December 2005 because the "memory recoil ring" that is used to open the device once it has been inserted could break. In March 2006, the company recalled additional sizes and batches of Kugel Mesh. In January 2007, the FDA expanded the recall to a Class 1 recall after deciding that the defective device can cause serious life-threatening injuries, including bowel perforations and/or chronic intestinal injuries. Parker Waichman Alonso Mark LLP is currently assessing hundreds of additional inquiries.
GulfMark Offshore, Inc.
GulfMark Offshore Reports Fourth Consecutive Record Quarterly Results
HOUSTON, April 30, 2007 (PRIME NEWSWIRE) -- GulfMark Offshore, Inc. (Nasdaq:GMRK) today announced net income of $24.4 million, or $1.06 per diluted share on revenue of $65.5 million for the quarter ended March 31, 2007, which represents a record first quarter in the company's history. This compares to net income of $6.3 million, or $0.30 per share (diluted) on revenue of $47.7 million for the first quarter of 2006. The improvement is directly related to improved day rates in both the North Sea and Southeast Asia regions. The previously announced sale of the North Prince, a vessel operating in the North Sea region, contributed $0.22 per diluted share or $5.0 million to these results. Excluding the gain on the sale of the vessel, net income would have been $19.4 million, or $0.84 per diluted share, more than double the earnings from the first quarter of 2006.
Gateway Financial Holdings, Inc.
Gateway Financial Holdings Authorizes Stock Buyback
VIRGINIA BEACH, Va., April 30, 2007 (PRIME NEWSWIRE) -- Gateway Financial Holdings, Inc. (Nasdaq:GBTS), the holding company for Gateway Bank & Trust Co., announced that its board of directors has approved a plan to repurchase up to 500,000 shares of its common stock beginning in June 2007. The company will buy the shares in accordance with Securities and Exchange Commission rules and intends to purchase the shares periodically. The shares purchased pursuant to the plan will be retired. The company also intends to enter into a 10b5-1 plan with respect to the stock repurchases.
Summit State Bank
Summit State Bank Reports First Quarter Earnings and Declaration of Dividend
SANTA ROSA, Calif., April 30, 2007 (PRIME NEWSWIRE) -- Summit State Bank (Nasdaq:SSBI) today reported net income of $592,000 or $0.12 per diluted share for the quarter ended March 31, 2007, compared to net income of $750,000 or $0.22 per diluted share for the first quarter of 2006. Also the Board of Directors declared a dividend of nine cents per share on the Company's common Stock. Earnings and dividends per share information for all periods presented give effect to the 2-for-1 stock split issued in June 2006.
Allion Healthcare, Inc.
Allion Healthcare, Inc. Announces First Quarter 2007 Financial Results Date and Conference Call
MELVILLE, N.Y., April 30, 2007 (PRIME NEWSWIRE) -- Allion Healthcare, Inc. (Nasdaq:ALLI), a national provider of specialty pharmacy and disease management services focused on HIV/AIDS patients, will announce financial results for the first quarter ended March 31, 2007 after the close of U.S. financial markets on Wednesday, May 9, 2007. An accompanying conference call to discuss the results will be held at 5:00 p.m. ET; 2:00 p.m. PT on Wednesday, May 9, 2007.