latest news releases from the newsroom
Nobel Biocare Acquires BioCad -- a Leading Developer of Computer-aided Design Software for Prosthetics
ZURICH, Switzerland, Nov. 11, 2008 (GLOBE NEWSWIRE) -- Nobel Biocare announced today that it has signed an agreement to buy 100% of BioCad Medical Inc., a leading developer of computer-aided software for prosthetics, for a total amount of approximately EUR 26 million (approximately CHF 39 million). At the same time, Nobel Biocare also announced the signing of an exclusive partnership with Optimet, Optical Metrology Ltd, to offer a new generation of optical scanners with impression scanning capabilities. Along with the acquisition and the partnership, Nobel Biocare will introduce a broad range of new prosthetic materials and products. Hence, Nobel Biocare will be in a position to provide dental professionals a leading optical scanner and CAD/CAM software, the most comprehensive material and product offer, and unique manufacturing capabilities for prosthetics. This complete range will be presented at all major industry events including CDS, AO and IDS in early 2009 and launched thereafter.
Khang & Khang LLP
Khang & Khang LLP Investigating SouthWest Water Company On Behalf of Shareholders
LOS ANGELES, Nov. 10, 2008 (GLOBE NEWSWIRE) -- Khang & Khang LLP today announced it is investigating potential claims against SouthWest Water Company ("SouthWest Water" or the "Company") (Nasdaq:SWWC) concerning possible securities violations in relation to the Company's November 10, 2008, press release in which SouthWest Water informed investors that it was delaying the filing of its Form 10-Q for the third quarter ended September 30, 2008, and that SouthWest Water's audit committee, upon management's recommendations, has concluded that the Company's consolidated financial statements for the years ended December 31, 2005, 2006 and 2007 and for each of the quarters therein, as well as for the quarters ended March 31, 2008 and June 30, 2008, should no longer be relied upon and will be restated to correct the errors.
ChinaCast Education Corporation
ChinaCast Education Corporation Reports Third Quarter 2008 Results
BEIJING, Nov. 10, 2008 (GLOBE NEWSWIRE) -- ChinaCast Education Corporation ("ChinaCast" or the "Company") (Nasdaq:CAST), one of China's leading for-profit, post-secondary education and e-learning services providers, today announced results for the third quarter ended September 30, 2008.
HEILBrice Creates a Knock-Out Campaign for LA Boxing
IRVINE, Calif., Nov. 10, 2008 (GLOBE NEWSWIRE) -- HEILBrice, a leading Southern California marketing communications company, today announced they have partnered with LA Boxing to help drive sales for their "Get Hooked" winter promotion. HEILBrice produced a campaign featuring point-of-sale, direct mail, radio scripts and interactive elements.
Advanced Environmental Recycling Technologies, Inc.
AERT Releases Q3 Results; Per Share Net Unchanged On Lower Sales; Bank Line Extended
SPRINGDALE, Ark., Nov. 10, 2008 (GLOBE NEWSWIRE) -- Advanced Environmental Recycling Technologies, Inc. (Nasdaq:AERT), a leading plastics recycler and manufacturer of Green building products, announced today the filing of its 2008 Q3 financial results with the Securities and Exchange Commission. Sales for the quarter ended September 30, 2008 were $18.6M versus $25.2M for the prior year period. The planned expense and overhead reductions resulted in an increase in gross margin to 10.1% of sales for the third quarter of 2008 versus 8.2% in 2007. The net loss, before extraordinary items, for the quarter was $1.9M versus $2.0M for the third quarter of 2007. Net loss per share remained unchanged at $0.04, before extraordinary items.
Loral Space & Communications Inc.
Loral Reports Third Quarter 2008 Financial Results
NEW YORK, Nov. 10, 2008 (GLOBE NEWSWIRE) -- Loral Space & Communications Inc. (Nasdaq:LORL) today announced its financial results for the three and nine months ended September 30, 2008.