latest news releases from the newsroom
L&R Group of Companies
Photo Release -- Five Star Parking Taps Parking Veteran Stan Bochniak for West Coast Regional Manager
LOS ANGELES, Dec. 15, 2008 (GLOBE NEWSWIRE) -- The L&R Group of Companies, ("L&R") headquartered in Los Angeles, California, today announced its hire of Stan Bochniak as Five Star Parking's new Regional Manager for the West Coast. Stan brings to Five Star Parking over 15 years of sales and operations experience in the parking industry. In his new role, Stan will be responsible for overseeing the west coast regional operations of Five Star Parking.
Castle Creek Fund Submits Application to Acquire Up to 19.9 Percent of Guaranty Bancorp
DENVER, Dec. 15, 2008 (GLOBE NEWSWIRE) -- Guaranty Bancorp (Nasdaq:GBNK) today announced that Castle Creek Capital Partners III, LP ("Castle Creek Fund"), which currently owns approximately 5% of the Company's common stock, has applied to the Board of Governors of the Federal Reserve System ("Federal Reserve") for approval to acquire up to 19.9% ownership of the Company (after taking account of previous purchases). John Eggemeyer, the Company's Chairman of the Board, owns a controlling interest in the Castle Creek Fund. Mr. Eggemeyer currently beneficially owns 6.2% of the Company's common stock, which includes the shares of common stock owned by the Castle Creek Fund.
America's Car-Mart Inc.
America's Car-Mart, Inc. Increases and Extends Credit Agreements
BENTONVILLE, Ark., Dec. 15, 2008 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (Nasdaq:CRMT) today announced it has amended its Revolving Credit Agreements with a group of lenders. The amendments include an increase in total permitted borrowings of up to $61.5 million, up from $60 million and an extension of the due date to April 30, 2010. Additionally, existing tiered pricing levels will remain in effect but will be subject to a 4.25% floor. At October 31, 2008, the end of the Company's second fiscal quarter, there was $21.5 million in additional availability under the Revolving Credit Agreements.
STEC Lowers Guidance for the Fourth Quarter of 2008
SANTA ANA, Calif., Dec. 15, 2008 (GLOBE NEWSWIRE) -- STEC, Inc. (Nasdaq:STEC) today announced that due to the cancellation of previously-anticipated orders, it is revising its revenue guidance for the fourth quarter of 2008 to approximately $55 million to $59 million from its earlier guidance ranging from $69 million to $72 million. This will negatively affect the Company's operating results including its previous Non-GAAP diluted Earnings Per Share guidance issued on November 10, 2008. The revenue revision is comprised of approximately $20 million of previously-forecasted orders for its legacy DRAM and CompactFlash card products by various customers. The Company expects that the cancelled orders will be partially offset by increased orders for its Solid-State Drive (SSD) products used in Ultra-Mobile Personal Computer applications.
Alico Reports Fourth Quarter and Annual Earnings
LA BELLE, Fla., Dec. 15, 2008 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced a net loss for the fourth quarter of the fiscal year ended September 30, 2008 of $4.6 million or $0.62 per share, compared with a net loss of $7.2 million or $0.97 per share for the fourth quarter of the fiscal year ended August 31, 2007. Annual earnings were $4.7 million, or $0.64 per share, for the fiscal year ended September 30, 2008 compared with a net loss of $13.7 million, or $1.86 per share, for the fiscal year ended August 31, 2007. The Company changed its fiscal year to September 30 from August 31 during October 2007. Annual net income was impacted by an IRS settlement during the fiscal years ended September 30, 2008 and August 31, 2007, respectively.
Pacific Sunwear of California, Inc.
Pacific Sunwear of California Responds to Latest Communications From Adrenalina
ANAHEIM, Calif., Dec. 15, 2008 (GLOBE NEWSWIRE) -- Pacific Sunwear of California, Inc. (Nasdaq:PSUN), responded today to the press release and latest correspondence received from Adrenalina (OTCBB:AENA), a retail-entertainment company currently operating three stores in Florida.
David R. Chase, P.A.
Notice to Bernard Madoff Investors Who Invested Through a Brokerage Firm, Investment Advisory Firm or Hedge Fund: Law Firm of David R. Chase, P.A., Headed by Former SEC Prosecutor, Investigating Potential Claims
FORT LAUDERDALE, Fla., Dec. 15, 2008 (GLOBE NEWSWIRE) -- The Law Firm of David R. Chase, P.A. (the "Firm"), headed by former Securities and Exchange Commission Prosecutor and Special Assistant United States Attorney, David R. Chase, announces that it is investigating claims of Bernard Madoff investors who invested through a brokerage firm, investment advisory firm or hedge fund.