latest news releases from the newsroom
BlueLinx Names Interim CFO
ATLANTA, Dec. 27, 2006 (PRIME NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE:BXC), a leading distributor of building products in North America, today announced that BlueLinx Senior Vice President Steve Skinner will serve as interim chief financial officer, effective January 1, 2007, until the company identifies its new chief financial officer. As previously announced, CFO David J. Morris will leave the company, effective December 31, 2006.
Cambridge Display Technology
Sales of Stock by Officers to Settle Tax Liabilities
CAMBRIDGE, United Kingdom, Dec. 27, 2006 (PRIME NEWSWIRE) -- Cambridge Display Technology, Inc. (Nasdaq:OLED), a pioneer in the development of polymer light emitting diode (P-OLED) technology, reported that on December 26, 2006 and pursuant to a stock compensation plan which was established in December 2004 when the company completed its IPO, the Company issued 200,295 shares of its common stock to four employees.
Cytomedix Provides Update On FDA Appeal
ROCKVILLE, Md., Dec. 27, 2006 (PRIME NEWSWIRE) -- Cytomedix, Inc. (AMEX:GTF) today announced that it has submitted its written appeal to the FDA. Cytomedix staff and its external experts are scheduled to meet with the agency on January 30, 2007 to present its appeal.
StockGuru.com Announces Profile Coverage of Lexington Energy Services
DALLAS, Dec. 27, 2006 (PRIME NEWSWIRE) -- John Pentony, Publisher of StockGuru.com, announced today that the web site has initiated Profile Coverage of Lexington Energy Services Inc. (OTCBB: LXES). Lexington Energy is an oil field service company providing construction and leasing of custom oilfield service equipment. As Canada's fastest growing oil field service company, Lexington Energy Services manufactures and leases innovatively designed oilfield service equipment. Through their wholly owned subsidiary, Lexcore Services Inc., the company also provides a range of drilling services to meet the growing needs of the oil and gas industry, including Alberta's oil sands.
SETTLEMENT REACHED WITH TAX AUTHORITY IN HAMBURG
At the beginning of 2004, the tax authority in Hamburg, Germany, disallowed
deduction of a portion of the interest expenses during the period 1994 - 1999
in Bilia's former subsidiary Bohus Verwaltung BV. The claim from the tax
authority amounted to approximately SEK 19 million
A settlement has been reached with the tax authority in Hamburg entailing a
total cost for Bilia of SEK 0.9 million. This amount will be charged to Bilia's
profit for the fourth quarter of 2006.
Göteborg, 27 Dece
Norsk Hydro: Executive Vice President Exercises Options and Purchases Shares
OSLO, Norway, Dec. 27, 2006 (PRIME NEWSWIRE) -- Executive Vice President Tore Torvund, head of Hydro's oil and gas activities, has on December 22, 2006 exercised 67,620 stock options granted in 2002 and 2003 at a total value of NOK 8,368,557. On the same day Torvund purchased 20,000 shares at a price of NOK 190 per share. New shareholding is 38,580 shares.
Nidec Received a Correction Notice Based on Transfer Price Taxation
KYOTO, Japan, Dec. 27, 2006 (PRIME NEWSWIRE) -- Nidec Corporation (the "Company") announced today that it received a correction notice from the Osaka Regional Taxation Bureau based on transfer price taxation, pursuant to the taxation bureau's determination that the Company's transfer pricing with its overseas subsidiaries with respect to transactions during the five years ended March 31, 2005 was different from what the arms'-length transaction pricing between independent companies would be. According to the notice, taxable income subject to the correction amounts to approximately 6.9 billion yen, and additional tax, including local tax, is estimated to amount to approximately 3.3 billion yen.
January 16, 2006 Adjournment of Financial Industries Corporation Meeting Set
AUSTIN, Texas, Dec. 26, 2006 (PRIME NEWSWIRE) -- Improve FIC, a committee of concerned shareholders of Financial Industries Corporation ("FIC" or the "Company") (Pink Sheets:FNIN), including experienced insurance industry chief, John Fibiger, announced today that a court-enforced adjournment of the December 6, 2006 Annual Meeting of FIC shareholders will be held on Tuesday, January 16, 2006 at 10:00 a.m., local time. The location of the meeting will be announced in a meeting notice to be sent by the Company to shareholders on or before December 29, 2006.
Execute Sports, Inc.
Execute Sports, Inc. Announces Reorganization Plans
SAN DIEGO, Dec. 26, 2006 (PRIME NEWSWIRE) -- Execute Sports, Inc. (OTCBB:EXCS) today announced its plans to reorganize its business and to divest from its snow sports operations with the goal reducing the company's operational cash flow requirements and creating a more efficient path to profitability.