latest news releases from the newsroom
U-Haul International, Inc.
U-Haul Ranks Colorado and Maine as Top 2007 Growth States
PHOENIX, April 3, 2008 (PRIME NEWSWIRE) -- U-Haul, North America's number one choice for do-it-yourself movers, today released the results of the U-Haul National Migration Trend Report, reflecting the nation's top growth states for families who moved during 2007. The report, 2007 Top 10 U.S. Growth States Report, indicates that for states with more than 20,000 families moving, Colorado had the highest percentage of growth, with 7.01 percent more families moving into the state than out. For states with 5,000 - 20,000 families moving, Maine had the highest percentage of growth, with 14.75 percent.
Bassett Furniture Industries, Inc.
Bassett Announces Special Dividend
BASSETT, Va., April 3, 2008 (PRIME NEWSWIRE) -- Bassett Furniture Industries Inc. (Nasdaq:BSET) announced today that its Board of Directors, in its continued exploration of strategic alternatives for unlocking shareholder value, intends to issue to shareholders a special one-time dividend of $1.25 per share, representing approximately $15 million in the aggregate. The Company said that the Board will formally declare the dividend and set the record date in the future as the timing of liquidating a portion of its investment portfolio becomes more certain. The Company expects the record date will be set for this special dividend during the second quarter ending May 31, 2008.
Federman & Sherwood
Notice to Investors: Federman & Sherwood Reminds Investors of Imminent Deadline in Securities Class Action Lawsuit Against Force Protection, Inc. -- FRPT
OKLAHOMA CITY, April 3, 2008 (PRIME NEWSWIRE) -- On March 7, 2008, a class action lawsuit was filed in the United States District Court for the District of South Carolina against Force Protection, Inc. (Nasdaq:FRPT). Federman & Sherwood reminds current and former shareholders of Force Protection, Inc. that they only have until Friday, May 9, 2008 to move for appointment as a lead plaintiff in this case. The Complaint alleges violations of Section 10(b) and Section 20(a) of the Securities Exchange Act, and Rule 10b-5 promulgated thereunder.
Nalco to Raise Prices for Industrial and Institutional Services Division Customers
NAPERVILLE, Ill., April 3, 2008 (PRIME NEWSWIRE) -- Nalco Company (NYSE:NLC) today announced price increases for Industrial and Institutional Services division customers on a broad range of chemical products that are part of the Company's customer solution packages. In the United States and Canada, these increases are expected to range from 7 to 15 percent. Price increases in other parts of the world will vary, depending on local cost increases by country and industry.
Cascade Financial Corp.
Cascade Financial to Increase Loan Loss Provision in First Quarter 2008; Estimated EPS to Range Between $0.19 and $0.23
EVERETT, Wash., April 3, 2008 (PRIME NEWSWIRE) -- Cascade Financial Corporation (Nasdaq:CASB), parent company of Cascade Bank, today announced that due to an increase in nonperforming loans and as a precautionary measure in light of the current economic environment, it expects to record a provision for loan losses in the first quarter of 2008 of $2.4 million and intends to charge off $1.5 million. As a result of the larger than normal provision, Cascade expects to report earnings for the first quarter ended March 31, 2008, of between $0.19 and $0.23 per share.
Purple Communications, Inc.
GoAmerica(R) Appoints John Ferron CFO and COO
HACKENSACK, N.J., April 3, 2008 -- GoAmerica, Inc. (Nasdaq: GOAM), a provider of relay, interpreting, and wireless communications services for deaf, hard-of-hearing, and speech-impaired persons, today announced the appointment of John Ferron to the dual positions of CFO and COO. Mr. Ferron will immediately commence his COO responsibilities on a part-time basis until June 2, 2008 at which time he will assume both the CFO and COO responsibilities on a full-time basis.
AMCORE Financial, Inc. Announces First Quarter Earnings Release Date
ROCKFORD, Ill., April 3, 2008 (PRIME NEWSWIRE) -- AMCORE Financial, Inc. (Nasdaq:AMFI) today announced that it will release its first quarter results on Thursday, April 17, 2008, before the market opens. The earnings release will be followed by a quarterly conference call Thursday, April 17, 2008, at 12 p.m. ET. The call will last approximately one hour and AMCORE management represented will include William R. McManaman, chief executive officer; Donald H. Wilson, president and chief operating officer, and Judith Carre Sutfin, Executive Vice President and CFO. Interested parties are invited to join the live broadcast by calling 1-800-446-2782, ID number 21257858 or via webcast at www.AMCORE.com.
G-III Apparel Group
G-III Apparel Group, Ltd. Increases and Extends Revolving Credit Line
NEW YORK--G-III Apparel Group, Ltd. (Nasdaq: GIII) today announced it has increased its secured revolving credit line to a maximum borrowing level of $250 million compared to a maximum of $195 million under the prior loan agreement. Amounts available under the credit line are subject to borrowing base formulas and over advances as specified in the loan agreement. The lending group for the three-year revolving credit line, which now extends to July 2011, was led by CIT Commercial Services, a unit of CIT Group Inc. (NYSE:CIT).