latest news releases from the newsroom
Mercantile Bank Corporation
Gerald R. Johnson, Jr. Announces Retirement From Mercantile Bank Corporation
GRAND RAPIDS, Mich., May 24, 2007 (PRIME NEWSWIRE) -- Mercantile Bank Corporation (Nasdaq:MBWM) announced today the retirement of Gerald R. Johnson Jr. as Chairman and Chief Executive Officer of Mercantile Bank Corporation and Chairman of Mercantile Bank of Michigan. Also announced today was the appointment of Michael H. Price as Chairman, President and Chief Executive Officer of Mercantile Bank Corporation and Chairman and Chief Executive Officer of Mercantile Bank of Michigan; in addition, Robert B. Kaminski was appointed to Executive Vice President and Chief Operating Officer of Mercantile Bank Corporation and President and Chief Operating Officer of Mercantile Bank of Michigan. The changes go into effect on June 30, 2007.
SYSCO Announces Record Sales Week
HOUSTON, May 24, 2007 (PRIME NEWSWIRE) -- SYSCO Corporation (NYSE:SYY), North America's largest foodservice marketer and distributor, announced today that it posted record sales of approximately $750 million, including an estimated adjustment for EITF 04-13, for the week leading up to the Mother's Day holiday. This is approximately an 8-1/2 percent increase over last year's Mother's Day record sales week.
Red Reef Laboratories International, Inc.
Red Reef Labs Files Form 10QSB to Become Reporting Company
DEERFIELD BEACH, Fla. and NAPOLEONVILLE, La., May 24, 2007 (PRIME NEWSWIRE) -- Red Reef Laboratories International, Inc. (Pink Sheets:RRLB), a scientific research, development, and marketing group focused on commercializing a variety of chemical and biological products, announced today that the Company has filed Form 10QSB with the Securities and Exchange Commission (SEC) to become a fully reporting audited company.
One in Three Investment Management Firms Will Increase Outsourcing to Third Party Service Providers, Finds PricewaterhouseCoopers Survey
NEW YORK, May 24, 2007 (PRIME NEWSWIRE) -- As the investment management industry uses more complex financial instruments and faces increasing pressure to improve performance, cut costs and comply with regulatory requirements, more firms are turning to third-party service providers for administrative, back- and middle-office functions. Approximately one in three (31 percent) investment management firms said they plan to increase their outsourcing arrangements with third-party providers over the next two years, according to a survey of more than 150 finance executives from mutual funds, hedge funds and other asset management firms, who attended PricewaterhouseCoopers Investment Management Industry forums in Boston and New York over the past week.
Integrated BioPharma, Inc.
Integrated BioPharma Retains Financial Advisor
HILLSIDE, N.J., May 24, 2007 (PRIME NEWSWIRE) -- Integrated BioPharma, Inc. (Nasdaq:INBP) announced today that it has retained Merriman Curhan Ford & Co. (AMEX:MEM) to act as the Company's financial advisor. INBP had previously announced its intent to engage a financial advisor to assist in its review of a possible divestiture of its InB:Biotechnologies subsidiary ("Biotech"). INBP now expects that such divesture will be structured as a spin-off of Biotech, which will focus on its patented plant-based technology for the production of vaccines, antibodies and therapeutic proteins. INBP will continue to focus on its nutraceutical segment.
G-III Apparel Group
G-III Apparel Group, Ltd. Announces Asset Acquisition
NEW YORK, May 24, 2007 -- G-III Apparel Group, Ltd. (GIII) today announced that it has acquired certain assets of Jessica Howard, Ltd. and Industrial Cotton, Inc., two affiliated companies. Jessica Howard designs and markets moderate and better dresses under the Jessica Howard and Eliza J. brands, as well as under private label programs. Industrial Cotton is a mid-tier provider of a broad assortment of junior denim products. The Company acquired the assets for a total purchase price of approximately $8.1 million.