latest news releases from the newsroom
XTend Medical Corporation
XTend Medical CEO Discusses Company's Business Model
SUN VALLEY, Calif., Oct. 24, 2007 (PRIME NEWSWIRE) -- XTend Medical Corporation (Pink Sheets:XMDC) announced the company has launched a new corporate website. The new website is located at www.xtendmedical.com
Northrim BanCorp, Inc.
Northrim BanCorp Reports Record Third Quarter Profits of $3.6 Million, or $0.56 per Share
ANCHORAGE, Alaska, Oct. 24, 2007 (PRIME NEWSWIRE) -- Northrim BanCorp, Inc. (Nasdaq:NRIM) today reported third quarter profits fueled by solid core deposit growth, strong revenue contribution from its affiliates other than its mortgage affiliate, and the year-over-year increase in net interest margin. Third quarter 2007 net income increased 5% to $3.6 million, or $0.56 per diluted share, compared to $3.5 million, or $0.53 per diluted share, in the third quarter of 2006. For the first nine months of 2007, Northrim earned $9.5 million, or $1.46 per diluted share, compared to $9.3 million, or $1.43 per diluted share, in the like period a year ago. All per share results reflect the 5% stock dividend declared on September 6, 2007, and distributed to shareholders on October 5, 2007. In addition, these calculations reflect the fact that the Company repurchased 75,000 shares of its common stock during the third quarter ended September 30, 2007.
The Children's Place, Inc.
The Children's Place Retail Stores, Inc. Board of Directors Engages Lehman Brothers to Assist in Reviewing Strategic Alternatives
SECAUCUS, N.J., Oct. 24, 2007 (PRIME NEWSWIRE) -- The Children's Place Retail Stores, Inc. (Nasdaq:PLCE) today announced that its Board of Directors has engaged Lehman Brothers to act as its financial advisor in undertaking a review of the Company's strategic alternatives to improve operations and enhance shareholder value. The Board of Directors and the management team are assessing in this review a wide variety of options to improve the Company's business and competitive position, and these may include potential organizational and operational improvements, a recapitalization, or other transactions.