latest news releases from the newsroom
Heritage Oaks Bancorp
Heritage Oaks Bancorp's Earnings Increase 13 Percent in First Quarter
PASO ROBLES, Calif., April 18, 2006 (PRIMEZONE) -- Heritage Oaks Bancorp (Nasdaq:HEOP), the parent company of Heritage Oaks Bank, today reported that an expanding net interest margin and increased loan and deposit volumes contributed to outstanding first quarter profits. For the first quarter of 2006, net income increased 13% to $1.6 million, or $0.24 per diluted share, compared to $1.4 million, or $0.22 per diluted share in the first quarter of 2005.
TDC A/S: Credit rating
COPENHAGEN, Denmark, April 18, 2006 (PRIMEZONE) -- On April 12, 2006 Fitch Ratings published their credit rating of TDC. Fitch assigned TDC A/S a rating of "BB-" with stable outlook and a short-term rating of "B". TDC's new Senior Secured Facility (cf. TDC's stock exchange release no. 17 of March 3, 2006) was assigned "BB+", and the unsecured long-term rating of the outstanding bonds under TDC's EMTN programme was assigned a "BB-" rating.
Northwest Bancorporation, Inc.
Northwest Bancorporation, Inc. Announces First Quarter Financial Information
SPOKANE, Wash., April 17, 2006 (PRIMEZONE) -- Christopher C. Jurey, Executive Vice President & Chief Financial Officer of Northwest Bancorporation, Inc. (OTCBB:NBCT), the parent company of Inland Northwest Bank (the "Bank"), today announced first-quarter 2006, year-to-date, net income for the Company of $609,336. Earnings increased $159,316 (35%) over results reported for the same quarter in 2005. Fully diluted earnings-per-share for the first-quarter in 2006 are $0.28, a $0.07 improvement over the $0.21 earned per share in the first-quarter of 2005. Annualized return on average assets for the first-quarter 2006 reports at 0.97%, with return on average equity reporting at 11.1%.
Park National Corporation
Park National Corporation Elects Dixon to Board of Directors
NEWARK, Ohio, April 17, 2006 (PRIMEZONE) -- The Park National Corporation (Park) (AMEX:PRK) has elected Robert E. Dixon to its board of directors, increasing the number of directors from 13 to 14. Dixon was unanimously recommended by the board's nominating committee, based on his qualifications and experience as a Certified Public Accountant. He was also appointed to the board's audit committee.
The Smith & Merritt Institute
The Smith & Merritt Institute Opens
SALT LAKE CITY, April 17, 2006 (PRIMEZONE) -- Kathryn Merritt and Daniel Reed Smith, after two years of planning, announce the opening of the Smith & Merritt Institute, LLC. The Smith and Merritt Institute (SMI), is an educational organization dedicated to teaching the principles of financial freedom.
Scott+Scott Sues Northfield Laboratories on Investors' Behalf; Disclosure of Previously Secret Study Results Stuns the Market -- NFLD
COLCHESTER, Conn., April 17, 2006 (PRIMEZONE) -- On April 17, 2006, Scott+Scott, LLC filed a securities class action in the U.S. District Court for the Northern District of Illinois against Northfield Laboratories, Inc. (Nasdaq:NFLD) ("Northfield" or the "Company") and CEO Stephen A. Gould on behalf of all securities purchasers between February 20, 2004, and February 21, 2006, inclusive (the "Class Period"), for securities law violations. Northfield primarily develops PolyHeme, a blood substitute, which is currently the subject of a Phase III clinical trial. According to the complaint, unbeknownst to investors, despite glowing reviews of its current PolyHeme study, Northfield failed to disclose material adverse facts from its earlier PolyHeme studies. Consequently, as the complaint alleges, investors purchased Northfield shares at artificially inflated prices during the Class Period.
Execute Sports, Inc.
Execute Sports Announces Launch of EagleRider Apparel Summer Line
SAN DIEGO, April 17, 2006 (PRIMEZONE) -- Execute Sports, Inc. (OTCBB:EXCS) announced today that it is launching its summer line of licensed EagleRider apparel on May 15 at more than twenty EagleRider dealerships throughout the nation, and online at www.eagleridergear.com. Execute Sports owns the exclusive worldwide merchandising and distribution rights for the EagleRider brand.