latest news releases from the newsroom
Fiserv's CareGain Selected to Provide Consumer Directed Platform for NASCO Plans
EAST WINDSOR, N.J., Sept. 7, 2006 (PRIMEZONE) -- CareGain Inc., a business unit of Fiserv Health, announced today that the National Account Service Company LLC (NASCO), the claims processing and system solutions provider for a number of BlueCross(r) and BlueShield(r) Plans, will integrate CareGain's Defined Care(r) Platform into NASCO's national claims system. All BlueCross and BlueShield plans that use the NASCO claims system will have access to CareGain's Defined Care Platform. The relationship will allow participating NASCO plans to quickly implement comprehensive consumer-directed plans. The Defined Care Platform allows the integration of multiple account types (health reimbursement accounts, health savings accounts and flexible savings accounts) with debit cards, incentive programs, decision tools, health risk assessments and financial institutions.
Harsco Receives U.K. Rail Service Contracts Totaling More Than $75 Million
HARRISBURG, Pa., Sept. 7, 2006 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) announced today that its Harsco Track Technologies (HTT) division has received new service contracts valued at more than $75 million that will extend its operation and maintenance of HTT-built railway track maintenance equipment in the U.K. through at least November 2008, plus optional extensions.
1st Pacific Bancorp
1st Pacific Bank of California Announces Formation of Bank Holding Company
SAN DIEGO, Sept. 7, 2006 (PRIMEZONE) -- 1st Pacific Bank of California (OTCBB:FPBS) (the "Bank") announced that its board of directors has approved the formation of a bank holding company. The proposed reorganization will be effected through a share exchange in which each of the Bank's shareholders will receive one share of common stock of 1st Pacific Bancorp ("Bancorp") in exchange for each share of the Bank's common stock. Bancorp is a new corporation that is being organized for purposes of the reorganization, and its officers and directors will be the same as those of the Bank.
QLogic Selected as Finalist for Best Public Company
ALISO VIEJO, Calif., Sept. 7, 2006 (PRIMEZONE) -- QLogic(R) Corp. (Nasdaq:QLGC), the leader in Fibre Channel host bus adapters (HBAs), stackable switches and blade server switches, today announced it has been named one of three finalists in the category of Best Public Company for Byte and Switch's 2006 Big Byte Awards. In addition, QLogic SANbox(R) switches were recognized through the selection of QLogic customer Saturday Night Live as finalist in the User Excellence category. Byte and Switch is officially launching its Big Bytes Awards program this year to recognize outstanding products, services, suppliers, and users in storage networking.
Hannover Re Best Reinsurer Overall in North America
HANNOVER, Germany, Sept. 7, 2006 (PRIMEZONE) -- In a survey conducted by the widely respected US-based Flaspohler Research Group, Hannover Re came out as the best overall reinsurer for the second time in succession. Not only that, the company's standing showed further appreciable improvement in the assessment of the participating brokers, 63.1% of whom chose Hannover Re as the best reinsurer on the North American market. The company's lead over the second-best player stood at around 15 percentage points, and Hannover Re received almost double the number of votes of its third-placed competitor. 366 experts at leading reinsurance brokerage firms took part in the study, giving their opinions on 28 reinsurers active in the US market. Bearing in mind that North American reinsurance business is predominantly handled through brokers - they place more than two-thirds of the total market volume -, these findings take on considerably greater significance. Particularly favourable reference was made to the good personal relationships with the underwriters in Hannover and the company's quick, responsive handling of business. This is all the more remarkable given the fact that Hannover Re writes its entire North American portfolio from its Hannover Home Office. In terms of market know-how and client orientation too, geographical distance is quite obviously not a drawback for Hannover Re. In this, the most important survey of the North American market, the participating brokers rated Hannover Re as the best reinsurer in the following categories:
RBID.com Appoints New Member to Board of Advisors
NEWPORT BEACH, Calif., Sept. 7, 2006 (PRIMEZONE) -- RBID.com, Inc. (Pink Sheets:RBID) president, Mr. Alan Rothman, today announced the appointment of Mr. Simon Johnson to the newly formed Board of Advisors. Mr. Johnson's expertise is in financial risk management within financial services, government and industry in Asia Pacific and Europe. He has a Ph.D. in Management, from the University of Melbourne in Australia. Commenting on the appointment Mr. Rothman stated, "We are very pleased to welcome Simon Johnson as the first member of the RBID Board of Advisors. Mr. Johnson's brief is to advise with the company on the development of its entrepreneurial and educational programs."