latest news releases from the newsroom
TF Financial Corporation
TF Financial Corporation Announces Completion of Block Stock Repurchase
NEWTOWN, Pa., Oct. 31, 2008 (GLOBE NEWSWIRE) -- TF Financial Corporation (Nasdaq:THRD) today announced that it completed the repurchase of 120,000 shares of its common stock in a single, privately negotiated, transaction for a purchase price of $18.80 per share, or approximately $2.256 million. These shares were repurchased outside, and exclusive, of the Company's previously adopted stock repurchase plan announced in October 2007. As a result of this repurchase, the Company currently has approximately 2,670,700 shares of common stock issued and outstanding and an additional 120,000 shares available for repurchase under the previously announced stock repurchase program.
Career College Holding Company Inc
WorldSage, Inc. Announces Reconstitution of Board and Management Team, Transfer and Assignment of Intellectual Property, Name Change to 'Career College Holding Company, Inc.' and Stock Symbol Change to 'CCHZ.PK'
CUPERTINO, Calif., Oct. 31, 2008 (GLOBE NEWSWIRE) -- WorldSage, Inc. (the "Company"), a Delaware non-publicly reporting company whose shares are publicly quoted for sale on the Pink Sheets, today announced that effective October 29, 2008, the Company's name changed to "Career College Holding Company, Inc." and the Company's trading symbol has been changed to "CCHZ.PK" from its previous trading symbol "WRSG.PK." In addition, the Company announced today that effective October 14, 2008, due to the Company's inability to raise the additional capital necessary to implement its business plan under the current unprecedented and unforeseen global capital market conditions, coupled with the Company's difficulty in executing its business plan using its Pink Sheet-traded capital stock, the Company would no longer pursue its original business plan as contemplated by its founders, John Grillos and Barbara Kurshan, of consolidating post-secondary education, and has transferred and assigned all rights to the business plan, rights to the "WorldSage" name, potential acquisition pipeline, and certain related intellectual property to John Grillos and Barbara Kurshan, who have resigned from the Company, and reconstituted its Board of Directors and management team (the "Reconstitution, Separation and IP Transfer"). The Company currently continues to own and operate DCT International Hotel & Business Management School AG ("DCT") following the Reconstitution, Separation and IP Transfer.
Artificial Life, Inc.
Artificial Life Reports Strong Third Quarter Earnings
LOS ANGELES and HONG KONG, Oct. 31, 2008 (GLOBE NEWSWIRE) -- Artificial Life, Inc. (OTCBB:ALIF) (www.artificial-life.com), a leading full service provider of award-winning mobile technology, games and applications, today reported strong results for its third quarter 2008.
EMS Technologies, Inc.
EMS Technologies Announces Higher Third Quarter Revenues and Net Earnings
ATLANTA, Oct. 31, 2008 (GLOBE NEWSWIRE) -- EMS Technologies, Inc. (Nasdaq:ELMG) today reported third-quarter revenues of $87.8 million and net earnings of $6.1 million, or $.39 per share. For the third quarter of the previous year, the Company reported revenues of $73.1 million, and net earnings of $5.6 million, or $.36 per share.