latest news releases from the newsroom
I.D. Systems, Inc.
I.D. Systems, Inc. Reports Second Quarter Financial Results
HACKENSACK, N.J., July 31, 2008 (PRIME NEWSWIRE) -- I.D. Systems, Inc. (Nasdaq:IDSY) today announced its financial results for the second quarter of 2008. Revenues for the three months ended June 30, 2008, were $5.5 million, compared to $2.2 million for the three months ended June 30, 2007. GAAP net loss for the quarter was $1.5 million, or ($0.14) per basic and diluted share, compared to GAAP net loss of $2.6 million, or ($.23) per basic and diluted share, for the second quarter of 2007.
PIMCO California Municipal Income Fund II
PIMCO California Municipal Income Fund II and PIMCO New York Municipal Income Fund II Report Results for the Fiscal Quarter and Year Ended May 31, 2008
NEW YORK, July 31, 2008 (PRIME NEWSWIRE) -- PIMCO California Municipal Income Fund II (NYSE:PCK) and PIMCO New York Municipal Income Fund II (NYSE:PNI) (the "Funds") today announced their results for the fiscal quarter and year ended May 31, 2008. The investment objective of each fund is to provide current income exempt from federal income tax. California Municipal Income Fund II also seeks to provide current income exempt from California state income taxes. New York Municipal Income Fund II also seeks to provide current income exempt from New York state and city income taxes.
Albina Community Bancorp
Albina Community Bancorp Reports Solid Year-Over-Year Loan and Deposit Growth in 2Q08
PORTLAND, Ore., July 31, 2008 (PRIME NEWSWIRE) -- Albina Community Bancorp (OTCBB:ACBC), Portland's only certified community development bank, today reported it increased its loans 24% and increased deposits 16% over the past year, generating solid revenue growth for the second quarter and first six months of 2008. Higher loan loss reserves, reflecting a few large, well-secured loans that are not performing as expected, contributed to a $562,000, or $0.52 per share net loss in the second quarter, compared to net income of $66,000, or $0.06 per share in the second quarter of 2007. Second quarter results were also impacted by the reversal of accrued interest from non performing assets of approximately $80,000. Year-to-date, Albina has added $2.1 million to reserves, contributing to a net loss of $972,000, or $0.91 per share, compared to net income of $106,000, or $0.10 per share, in the first six months of 2007.
Delta Air Lines, Inc.
Delta Offers Special Fare On New Nonstop Service Between Atlanta and Kuwait
ATLANTA, July 31, 2008 (PRIME NEWSWIRE) -- Delta Air Lines (NYSE:DAL) today announced a limited time introductory, one-way fare of $589* on its new nonstop route between Hartsfield-Jackson Atlanta International Airport and Kuwait City, Kuwait. The offer applies to tickets purchased before Aug. 15, 2008 for travel between Nov. 7 and Dec. 13, 2008. (*Additional taxes/fees/restrictions/ baggage charges may apply. Round trip purchase required. Details are included below.)
John M. Floyd & Associates
Greggy Girl Label Launches New Spring 2009 Collection
HOUSTON, July 31, 2008 (PRIME NEWSWIRE) -- Internationally recognized Greggy Girl children's wear label is launching its exciting new Spring 2009 Collection in the coming weeks. Based in League City, Tex., the Greggy Girl label has become well known for its hip yet "mom-approved" fashion-forward kid's clothing worn by many of today's young stars.
FieldTurf Continues to Lead Industry in Development of Lead Free Synthetic Turf
MONTREAL, July 31, 2008 (PRIME NEWSWIRE) -- FieldTurf Tarkett, the world's largest provider of synthetic turf fields, announced an innovative leadership position whereby the company will lead an effort to reduce and ultimately eliminate lead and all other heavy metals in synthetic turf products. This announcement follows yesterday's conclusive "clean bill of health" given to the synthetic turf industry by the Consumer Product Safety Commission (CPSC) and is in lock step with CPSC's position on developing voluntary industry standards for lead levels in turf. FieldTurf has immediately committed to reduce the already low lead levels in its fields to barely detectable trace levels in all newly installed fields, and to continue efforts to innovate towards lead free fields in the near-future.