latest news releases from the newsroom
World Tea Expo
Photo Release -- Over Two Hundred New Tea Products to Debut at 2007 World Tea Expo
LAS VEGAS, April 16, 2007 (PRIME NEWSWIRE) -- The World Tea Expo is brimming with excitement to share the news that retailers, cafe and tea salon owners, restaurateurs, and F&B managers have all been waiting for: Exhibitors have just unveiled the new products they will introduce at the 2007 World Tea Expo, taking place in Atlanta, June 9, 10, and 11 at the Georgia World Congress Center.
Carolina Bank Holdings, Inc.
Carolina Bank Holdings, Inc. Announces First Quarter Diluted EPS of $0.25, Up 19.0 Percent
GREENSBORO, N.C., April 16, 2007 (PRIME NEWSWIRE) -- Carolina Bank Holdings, Inc. (Nasdaq:CLBH) today reported first quarter 2007 net income of $701,000, an increase of 16.3 percent over the $603,000 reported for the first quarter of 2006. Diluted earnings per share were $0.25 compared with $0.21 for the prior-year first quarter, an increase of 19.0 percent. Results reflect strong loan and deposit growth year-over-year, combined with strengthening net interest margins and improving credit quality.
Cornell Companies, Inc.
Cornell to Purchase Colorado Women's Facility
HOUSTON, April 16, 2007 (PRIME NEWSWIRE) -- Cornell Companies, Inc. (NYSE:CRN) announced today that it has entered into an agreement with GRW Corporation to acquire GRW's Brush Correctional Facility in Brush, Colorado. The Brush Correctional Facility currently houses approximately 270 medium-security female inmates under an Intergovernmental Agreement with the City of Brush and the Colorado Department of Corrections.
G&S Minerals Inc.
G&S Minerals, Inc. Names Larry Davis President to Succeed Charles Brown
LAS VEGAS, April 16, 2007 (PRIME NEWSWIRE) -- G&S Minerals, Inc. (Pink Sheets:GSML) today announced that Larry K. Davis has been named to succeed Charles Brown as Chief Executive Officer and Chairman of the Board when Mr. Brown steps down, expected to be later this month. Davis will join the company's senior management team and report directly to the G&S Minerals board of directors, subject to his formal appointment by the board of directors.
Macatawa Bank Corporation
Macatawa Bank Corporation Reports First Quarter Earnings
HOLLAND, Mich., April 16, 2007 (PRIME NEWSWIRE) -- Macatawa Bank Corporation (Nasdaq:MCBC) today announced net income for the first quarter of 2007. Net income for the quarter was $4.84 million, or $0.29 per diluted share, as compared to net income of $5.22 million, or $0.32 per diluted share, for the first quarter of 2006.
Grill Concepts, Inc.
Grill Concepts to Enter Fresno Market With Late 2007 Daily Grill Restaurant Opening At Park Place
LOS ANGELES, April 16, 2007 (PRIME NEWSWIRE) -- Grill Concepts, Inc. (Nasdaq:GRIL) today announced the lease signing for a Daily Grill restaurant in Park Place, a new mixed-use urban development in the Fresno, California area. Expected to open late 2007, the Fresno Daily Grill will be approximately 6,000 to 7,000 square feet, and construction for the new restaurant, budgeted at $2.3 million, is expected to be covered by tenant improvement allowances.