latest news releases from the newsroom
John H. Harland Company
Slovak Savings Bank Chooses Harland Financial Solutions' Thrift Core Solution
ATLANTA, Dec. 28, 2005 (PRIMEZONE) -- Exhibiting a strong presence in the thrift and community bank market, Harland Financial Solutions has signed a five year contract with Slovak Savings Bank to provide outsourced core processing services. The institution also will implement Harland Financial Solutions' Financial Management Software (FMS(tm)) for its general ledger module. Harland Financial Solutions, Inc. is a wholly owned subsidiary of John H. Harland Company (NYSE:JH).
Dow Jones Indexes
The Dow Jones Industrial Average at 11000: A Brief Overview
NEW YORK, Dec. 28, 2005 (PRIMEZONE) -- Although the Dow Jones Industrial Average was 59 points shy of closing at the 11000 mark in 2005, it would not have been the first time the most quoted and widely known blue-chip measure has crossed this milestone. Here is a brief overview of the Dow Jones Industrial Average at 11000.
First Equity Group
StockMarketNewsAlert.com Issues Trade Alert -- TelePlus Enterprises, Inc.
DEERFIELD BEACH, Fla., Dec. 28, 2005 (PRIMEZONE) -- TelePlus Enterprises, Inc. (OTCBB:TLPE) (Frankfurt: YT3) (www.teleplus.ca) is new to StockMarketNewsAlert.com. According to M. D'Alonzo at First Equity Group, Inc., recent news flow from the company has been very positive. The company announced that a 76% increase in November sales reaching $1.99M versus sales of $1.13M for the same month a year ago. Total revenues were composed of 35% in Wireless Sales and 65% in Telecom Sales. YTD Sales now reach $17.27M a 66% increase versus sales of $10.4M for the same period a year ago.
Falcon Natural Gas Corp.
Falcon Natural Gas Corp. Announces it has Commenced Drilling Operations on its Mary Lyne No. 1 Well, Leopard Branch Prospect, Live Oak County, Texas
HOUSTON, Dec. 28, 2005 (PRIMEZONE) -- Falcon Natural Gas Corp. (OTCBB:FNGC), with Bayou City Exploration, has begun the first well of their planned drilling project located in Live Oak County, 12 miles southwest of George West, Texas. The Leopard Branch Prospect will target the Queen City formation. The Queen City formation is one of the main hydrocarbon producers in the area and has track record of excellent production. Total drilling depth is expected to reach 6,500 feet. A number of pipelines are located nearby and no surface issues are expected.
Fox & Hound Restaurant Group
Fox & Hound Restaurant Group Announces Newcastle Partners LP and Steel Partners II, LP Increase Offer Price to $15.50 Per Share
WICHITA, Kan., Dec. 28, 2005 (PRIMEZONE) -- Fox & Hound Restaurant Group (Nasdaq:FOXX) announced that Newcastle Partners, LP and Steel Partners II, LP informed the Company that they have increased the price they are willing to pay to acquire the Company, pursuant to a negotiated tender offer/merger, to $15.50 per share in cash. On December 20, 2005, Newcastle, Steel and F&H Acquisition Corp. publicly announced that they had placed into escrow a merger agreement indicating their willingness to offer to acquire Fox & Hound by negotiated tender offer/merger for $14.50 per share in cash. The escrowed merger agreement has been amended to reflect the increased proposed purchase price. The Company further announced that, in accordance with the terms and conditions of that certain Letter of Intent dated October 4, 2005, between the Company and Levine Leichtman Capital Partners ("LLCP"), as amended (the "LLCP Letter of Intent"), the Company's Board of Directors has determined that the offer to enter into a negotiated tender offer/merger for $15.50 per share in cash is a superior offer to the existing offer of LLCP. Under the terms of the LLCP Letter of Intent, LLCP has five business days to match or propose an alternative transaction.
Interland Completes Acquisition of Web.com Assets
ATLANTA, Dec. 28, 2005 (PRIMEZONE) -- Interland (Nasdaq:INLD), a leading provider of websites and online services for small and medium-sized businesses (SMBs), today announced that it has completed its asset acquisition from Web Internet, LLC (Web.com) and Web Service Company Inc. Included in the assets are the domain name Web.com, web hosting business comprised of approximately 9,000 subscribers, accredited registrar business and trademark rights. Interland paid approximately $4.8 million in cash, restricted stock and assumed liabilities. Roughly half of the consideration consists of assumed liabilities, including debt in the form of a low-interest 3% loan payable over three years.