latest news releases from the newsroom
Superior Uniform Group, Inc.
Superior Uniform Group Declares Regular Quarterly Cash Dividend
SEMINOLE, Fla., May 2, 2008 (PRIME NEWSWIRE) -- The Board of Directors of Superior Uniform Group, Inc. (Nasdaq:SGC) today declared a quarterly dividend of $.135 per share, payable May 27, 2008, to shareholders of record May 14, 2008.
Tidelands Bancshares Executes On Strategic Growth Plan
MT. PLEASANT, S.C., May 2, 2008 (PRIME NEWSWIRE) -- Tidelands Bancshares, Inc. (Nasdaq:TDBK), holding company for Tidelands Bank, announced today results for the first quarter ended March 31, 2008. "As a result of four successful branch openings in 2007, our new locations in Myrtle Beach, Summerville, West Ashley and Park West contributed to annualized loan growth of 23.9% in the first quarter, which led to a corresponding increase in interest income of 23.1% compared to March 31, 2007," said President and Chief Executive Officer, Robert E. Coffee, Jr. "This economic environment has presented us with many challenges that we continue to address but it also provides us with many unique opportunities to excel in our normal course of operations. We believe we are strategically positioned to capitalize on these opportunities and competitively attract new customer relationships and that our capital base and sound credit culture will allow us to focus on growth and expansion within our geographic footprint."
GigaBeam Announces New Round of Financing
DURHAM, N.C., May 2, 2008 (PRIME NEWSWIRE) -- GigaBeam Corporation (OTCBB:GGBME), announced today that it has closed on a new round of financing totaling 2.4 million dollars, subject to certain administrative closing conditions. The amount includes approximately 1.1 million dollars in funds previously advanced to the Company resulting in a net of approximately 1.28 million dollars in new funds. The Company issued convertible debentures in the amount of 3.02 million dollars and warrants to purchase 17.2 million shares of common stock. The warrants have an exercise price of $0.35, subject to adjustment. The Company intends to use the funds to promote the Company's efforts to build sales, accelerate production and for general operational matters as the Company works toward becoming cash flow positive.
EMS Technologies, Inc.
EMS Chief Financial Officer Don Scartz to Retire and Company Veteran Gary Shell to Succeed Scartz as CFO
ATLANTA, May 2, 2008 (PRIME NEWSWIRE) -- EMS Technologies, Inc. (Nasdaq:ELMG) announced today that its Chief Financial Officer, Don T. Scartz, is retiring after a distinguished 30-year career. Succeeding Scartz as CFO will be Gary Shell, currently EMS's vice president - finance and a 25-year veteran of EMS, who will now hold the title of senior vice president, chief financial officer and treasurer.
The Savannah Bancorp, Inc.
The Savannah Bancorp, Inc. Announces CFO Resignation
SAVANNAH, Ga., May 2, 2008 (PRIME NEWSWIRE) -- The Savannah Bancorp, Inc. (Nasdaq:SAVB) announces that Robert B. Briscoe, Chief Financial Officer of The Savannah Bancorp, Inc. and The Savannah Bank, N.A., has resigned effective May 31, 2008 to take a CFO position with another local company. Briscoe has served as CFO of both entities since 1990. He will remain available in an advisory capacity through June 30, 2008.
The Bob Cooke Skin Cancer Foundation, Inc.
Fifth Annual Bob Cooke Memorial Trek Against Skin Cancer Scheduled For May 18, 2008 In Milford, CT
MILFORD, Conn., May 2, 2008 (PRIME NEWSWIRE) -- The Bob Cooke Skin Cancer Foundation, Inc. today announced the fifth annual trek against skin cancer to take place Sunday, May 18, 2008 at 2:00 pm at the Lisman Landing in Milford, Connecticut. The trek, supported by numerous volunteers and sponsors including Maui Jim, Ct. Dermatology & Dermatologic Society, Subway, The New Haven County Medical Association, STAR 99.9 and The Milford Kiwanis Club, will benefit skin cancer research.