latest news releases from the newsroom
GB&T Bancshares, Inc.
GB&T Bancshares Reports Loan Relationship Impairment and Increase in Loan Loss Reserves
GAINESVILLE, Ga., July 12, 2005 (PRIMEZONE) -- GB&T Bancshares, Inc. (Nasdaq:GBTB) (the "Company") announced today that the Executive Committee of its Board of Directors has concluded that an additional $2.9 million provision will be made to the Company's loan loss reserves for the second quarter of 2005 due to the further impairment of a single loan relationship originated through its wholly-owned subsidiary, Home Town Bank of Villa Rica ("HTB"). The Executive Committee concluded that the additional provision is necessary as a result of increased impairment resulting from a recent bankruptcy filing by the borrower and the receipt of new appraisals indicating a severe decline in the value of the real estate securing a significant portion of the loan relationship. The impact of the increase in the Company's loan loss provision is expected to be approximately $0.15 per diluted share for the second quarter of 2005. The Company expects to release earnings for the second quarter of 2005 on July 20, 2005.
GLOBALCash Signs Joint Venture with International Global Xchange
LODI, Calif., July 12, 2005 (PRIMEZONE) -- GLOBALCash, Inc., a subsidiary of PayStar Corporation (Pink Sheets:PYST), announced it has entered into a joint venture partnership with International Global Xchange, Inc. (IGX), a leading Canadian based provider of international prepaid virtual (eWallet) accounts, ATM debit cards and processor of financial transaction services.
ASM International NV
ASM International and IMEC Announce Strategic Partnership on Advanced On-Chip Interconnect
BILTHOVEN, Netherlands, July 12, 2005 (PRIMEZONE) -- ASM International N.V. (NASDAQ:ASMI) (Euronext Amsterdam:ASM) ("ASM") and IMEC announce that they have agreed to enter into a three year strategic partnership in the area of Back-end-of-Line (BEOL) Interconnect Technology, commencing in 2006. In this strategic partnership, IMEC and ASM will develop novel copper/low-k technologies for use in interconnect on chips in the nanotechnology era, having features sized 45 nm or less and on 300mm wafers. Earlier, ASM and IMEC announced a strategic partnership inFront-end-of-Line (FEOL) Transistor Technology (October 11, 2004).
Secured Data, Inc.
Secured Data and Huifeng Making Progress
XIAN, China, July 12, 2005 (PRIMEZONE) -- Secured Data, Inc. (OTCBB:SCRE) and its subsidiary company, Huifeng Biochemistry Joint Stock Company (jointly referred to as the "Company"), announced today that the Company still has not received clearance from the United States Securities and Exchange Commission to send notification to its shareholders to describe the Company's transaction with Secured Data, Inc., a U.S. public company traded on the OTC Bulletin Board. This transaction was effected in December 2004.
Los Angeles World Airports
Los Angeles Airport Awarded Top Honor in Airport Industry Environmental Achievement
LOS ANGELES, July 12, 2005 (PRIMEZONE) -- Los Angeles International Airport (LAX) has won this year's Airports Council International-North America (ACI-NA) Environmental Achievement Award in the large-airport class for constructing the first retail hydrogen-fueling and generation station at an airport. The 10,500-square-foot station, that opened last Oct. 22, incorporates a commercial retail-friendly design, which will pave the way for future retail outlets.