latest news releases from the newsroom
Dream Flight Productions
Teach Children to Relax Themselves to Sleep
SANTA BARBARA, Calif., March 8, 2006 (PRIMEZONE) -- The National Sleep Foundation is raising awareness about the importance of sleep by dedicating March 28th through April 3rd as National Sleep Awareness Week. It's a crucial message because for years our culture has underestimated its importance. Finally, as research continues to emerge, we are realizing that a good night's sleep is as important as proper nutrition-affecting mood, immunity, and the ability to learn.
Record M&A Activity in Global Electric and Gas Industry Expected to Continue
NEW YORK, March 8, 2006 (PRIMEZONE) -- The M&A market in the global electricity and gas industry is entering a new blockbuster deal era. Following a record-breaking year in 2005, due largely to the rise of 'super-regional' utilities and consolidation in Europe, the sector is set for further escalation in deal volumes and values this year, according to PricewaterhouseCoopers' "Power Deals" report on M&A activity in the industry.
John Menzies plc
John Menzies plc Announces Acquisition of Aeroground, Inc.
EDINBURGH, U.K., March 8, 2006 (PRIMEZONE) -- John Menzies plc, the time-critical logistics company, is pleased to announce that it has reached conditional agreement for Menzies Aviation, its aviation support services subsidiary, to acquire the entire issued share capital of Aeroground, Inc., a provider of air cargo handling services to customers at 9 airports in the USA and Canada. The total cash consideration for Aeroground amounts to $28m on a cash free / debt free basis with a further maximum of $2m payable dependent on the future performance of the business over the next 2 years. It is expected that the transaction will be completed by the end of April 2006 subject to regulatory clearance.
UTi Worldwide Expands Truck Brokerage Capabilities With Acquisition of Market Industries, Ltd.
RANCHO DOMINGUEZ, Calif., March 7, 2006 (PRIMEZONE) -- UTi Worldwide Inc. (Nasdaq:UTIW) today announced that it has acquired Portland-based Market Industries, Ltd., a privately held provider of third-party logistics services and multi-modal transportation capacity solutions specializing in truck brokerage, for $197.1 million in cash, subject to certain closing, working capital and tax-related adjustments. Market Industries provides a variety of domestic freight management services, branded under the trade name Market Transport Services, to clients across the U.S. and Canada.
Seeger Weiss LLP
Seeger Weiss LLP Announces a Class Action Lawsuit Against NVE Corporation -- NVEC
NEW YORK, March 7, 2006 (PRIMEZONE) -- The law firm of Seeger Weiss LLP announces that it filed a class action lawsuit today in the United States District Court for the District of Minnesota on behalf of purchasers of NVE Corporation ("NVE") (Nasdaq:NVEC) common stock in the open market between May 22, 2003 and February 11, 2005 (the "Class Period"). The complaint seeks remedies for the class under the Securities Exchange Act of 1934 (the "Exchange Act") and the Securities Act of 1933.
UTi Worldwide Announces Three-For-One Stock Split
RANCHO DOMINGUEZ, Calif., March 7, 2006 (PRIMEZONE) -- UTi Worldwide Inc. (Nasdaq:UTIW) today announced that its board of directors has declared a three-for-one split of the company's ordinary shares. Shareholders of record as of the close of business on March 17, 2006 will receive two additional shares for each one share held on the record date. UTi's transfer agent, Computershare Trust Company, Inc., will distribute the additional shares on or about March 27, 2006. The stock split will increase the number of shares outstanding from approximately 31.7 million shares to approximately 95.2 million shares.
Liska Biometry Announces Corporate Changes
DOVER, N.H., March 7, 2006 (PRIMEZONE) -- The Board of Directors of Liska Biometry Inc. (Liska) (OTCBB:LSKA), headquarters in Dover, New Hampshire, announces the following corporate changes. As the company continues with its recently announced merger plans, it has accepted the resignation of Chairman Jean E. Boyle, Chief Operating and Financial Officer Manoj Hippola, and Corporate Secretary John Hollander. The Board is pleased to state that Liska Chief Executive Officer Christopher J. LeClerc has assumed the position of Chairman of the Board and Director Brian Hynes will serve as acting Corporate Secretary.
Virco Mfg. Corporation
Sustainable ZUMAfrd Furniture by Virco Wins ADEX Platinum Award
TORRANCE, Calif., March 7, 2006 (PRIMEZONE) -- Virco's (AMEX:VIR) great-looking, comfortably contoured ZUMAfrd(TM) furniture collection has just won a prestigious ADEX(R) Platinum Award for its unique synthesis of style, ergonomic support and sustainability. Designed for intermediate schools, high schools and college and university environments, the ZUMAfrd line includes a 4-leg chair with a integral bookrack, a reverse cantilever chair, and a 4-leg chair-desk combo unit.
T-3 Energy Services, Inc.
T-3 Energy Services Announces 2005 Earnings Per Share
HOUSTON, March 7, 2006 (PRIMEZONE) -- T-3 Energy Services, Inc. ("T-3 Energy") (Nasdaq:TTES) reported fourth quarter 2005 income from continuing operations of $2.9 million, or $0.27 per diluted share, up 37% and 35%, respectively, from $2.1 million, or $0.20 per diluted share reported for the third quarter of 2005, and up 198% and 200%, respectively, from $1.0 million, or $0.09 per diluted share reported for the fourth quarter of 2004. Revenues for the fourth quarter of 2005 increased 26% over the previous quarter and 72% over the prior year quarter. The fourth quarter 2005 financial results include a charge of $0.6 million associated with the termination of the Company's public offering. Excluding the impact of the terminated public offering costs, T-3 Energy's income from continuing operations increased 242% from the fourth quarter of 2004 to the fourth quarter of 2005.