latest news releases from the newsroom
CON-SPACE Communications Ltd.
CON-SPACE to be Interviewed by Market News First
RICHMOND, British Columbia, July 26, 2007 (PRIME NEWSWIRE) -- CON-SPACE Communications Ltd. ("CON-SPACE"), (TSX-V:CCB), (con-space.com) announced that later today, July 26, 2007, the Company's Chairman, Jim Swanson, will be featured in an exclusive live interview to be broadcast on Market News First (www.mn1.com) at 1:45 p.m. Eastern Daylight Time.
WCI Communities, Inc.
WCI Announces Update to Sale Process; Will Explore Other Potential Strategic and Financial Alternatives
BONITA SPRINGS, Fla., July 26, 2007 (PRIME NEWSWIRE) -- WCI Communities, Inc. (NYSE:WCI) today announced that its Board of Directors met with the Company's financial and legal advisors on July 25, 2007 to review the progress of the previously announced process to explore a sale of the company. To date, the Company has not received a definitive proposal for the purchase of the Company. While initially several companies expressed an interest in acquiring WCI, deteriorating conditions and uncertainty in the homebuilding and debt markets have made the sale process more challenging. The Board intends to continue the sale process and also will explore other potential strategic and financial alternatives, including asset sales, strategic partnerships, minority investments, and recapitalization transactions to enhance shareholder value. No assurances can be given, however, that it will be successful in consummating any sale or other transaction.
1st Pacific Bancorp
1st Pacific Bancorp Reports Second Quarter Earnings
SAN DIEGO, July 26, 2007 (PRIME NEWSWIRE) -- 1st Pacific Bancorp (OTCBB:FPBN), the holding company for 1st Pacific Bank of California, today announced second quarter 2007 net income of $664,000, a decrease of 19.2 percent from the $822,000 reported for the prior-year second quarter. Diluted earnings per share were $0.16, a 20.0 percent decline from the per share earnings of $0.20 reported for the second quarter of 2006. Compared with the first quarter of 2007, net income declined 1.2 percent, and was unchanged at $0.16 for both quarters on a diluted per share basis. For the first six months of 2007, net income was $1.34 million, down 11.7 percent from the $1.5 million reported for the 2006 six month period. Diluted per share earnings were $0.32 for the 2007 period and $0.36 for the 2006 period, a decline of 11.1 percent. Year over year, results reflect solid loan growth and disciplined expense control, offset by net interest margin compression.
Unique Pizza and Subs
Unique Pizza and Subs Announces New Lease Signed in North Carolina
PITTSBURGH, July 26, 2007 (PRIME NEWSWIRE) -- Unique Pizza and Subs Corporation (Pink Sheets:UPZS), a Delaware Corporation, announces, LKN Investment Partners LLC has signed a new lease for a 1,875 square foot space. The newest UPZS will be located in the Northlite Shopping Center, 2263 Spider Lane, Concord NC. This bustling shopping center already contains many high profile anchor stores such as Wal-Mart, Kohl's, Sam's Club and is expected to be open by late September '07. This impressive location is expected to seat about 50 guests inside and 30 more guests on an attached patio. Dr. Mike Chandler of LKN states, "As a family man myself, I am always looking for a great value. Unique is not only the greatest pizza I have ever tasted (sorry mom) but it is a super value for any family. A family of four can fill up for under $20 and have a ton of great leftovers!"
TF Financial Corporation
TF Financial Corporation Reports Second Quarter 2007 Results and Quarterly Dividend
NEWTOWN, Pa., July 26, 2007 (PRIME NEWSWIRE) -- TF Financial Corporation (Nasdaq:THRD) today reported net income of $1,037,000 ($0.38 per diluted share) for the second quarter of 2007, compared with $1,392,000 ($0.51 per diluted share) for the second quarter of 2006. Net income for the six month period ended June 30, 2007 was $2,435,000 ($0.89 per diluted share) compared with $2,647,000 ($0.98 per diluted share) for the first six months of 2006. The Company also announced that its Board of Directors declared a quarterly dividend of $0.20 per share, payable August 15, 2007 to shareholders of record on August 8, 2007.