latest news releases from the newsroom
RCM Technologies, Inc.
RCM Technologies, Inc. Announces Conference Call
PENNSAUKEN, N.J., Oct. 29, 2008 (GLOBE NEWSWIRE) -- RCM Technologies, Inc. (Nasdaq:RCMT) will hold a conference call on Thursday, November 13, 2008 at 10:00 a.m. Eastern time to discuss the financial results for the nine months and three months ended September 27, 2008. The teleconference dial-in numbers are (888) 632 5950 for domestic callers and (713) 481-1320 for international callers.
Vital Signs, Inc.
Vital Signs, Inc. Shareholders Approve Agreement and Plan of Merger With General Electric Company
TOTOWA, N.J., Oct. 29, 2008 (GLOBE NEWSWIRE) -- Vital Signs, Inc. (Nasdaq:VITL) today announced that its shareholders have overwhelmingly approved the previously disclosed Agreement and Plan of Merger, dated as of July 23, 2008, by and among General Electric Company, Tonic Acquisition Corp and Vital Signs, Inc., at a special meeting held earlier today. Following the closing of the merger contemplated by the Agreement and Plan of Merger, the company's shareholders will be entitled to receive $74.50 in cash for each share of Vital Signs, Inc. common stock that they hold and Vital Signs, Inc. will become an indirect wholly-owned subsidiary of General Electric Company.
Transmeridian Exploration, Inc.
Transmeridian Exploration Incorporated and Transmeridian Exploration Inc. Extend Exchange Offer Deadline for 12 Percent Senior Secured Notes Due 2010
HOUSTON, Oct. 29, 2008 (GLOBE NEWSWIRE) -- Transmeridian Exploration Incorporated (AMEX:TMY) ("Transmeridian") and its wholly-owned subsidiary Transmeridian Exploration Inc. ("TMEI") today announced that they have extended the deadline with respect to their exchange offer regarding TMEI's 12% Senior Secured Notes due 2010 (the "Existing Notes") (CUSIP Nos.: 89376NAC2, 89376NAA6, 89376NAB4, U87289AB7). The exchange offer deadline, which was 5:00 p.m., New York City time, on October 28, 2008, will be extended to 5:00 p.m., New York City time, on November 14, 2008, unless further extended.
State Bancorp, Inc.
State Bancorp, Inc. Reports Third Quarter Earnings and Declares Cash Dividend of $0.10
JERICHO, N.Y., Oct. 29, 2008 (GLOBE NEWSWIRE) -- State Bancorp, Inc. (the "Company") (Nasdaq:STBC), parent company of State Bank of Long Island (the "Bank"), today reported earnings for the third quarter of 2008 of $2.0 million versus $3.1 million a year ago, representing a decrease of 35.5%. Diluted earnings per common share of $0.14 were recorded in the third quarter of 2008 versus $0.22 in the comparable 2007 period. The decline in net income was primarily attributable to an increase in the provision for loan losses of $3.0 million in the third quarter of 2008 versus 2007. An improved net interest margin and a reduction in operating expenses somewhat offset the higher provision. Year-to-date net income increased by 3.3% to $6.0 million, or $0.42 per diluted share, compared to $5.8 million or $0.41 per diluted share in 2007.