latest news releases from the newsroom
MetroCorp Bancshares Inc.
MetroCorp Announces Receipt of Non-Compliance Letter from NASDAQ
HOUSTON, May 22, 2007 (PRIME NEWSWIRE) -- MetroCorp Bancshares, Inc. (the "Company") (Nasdaq:MCBI) announced today that it received a NASDAQ Staff Deficiency Letter on May 21, 2007, indicating that a majority of the Company's board of directors was no longer comprised of independent directors as defined in Rule 4200 of the Marketplace Rules and accordingly, was no longer in compliance with Rule 4350(c)(1) of the Marketplace Rules. NASDAQ advised the Company that it was within the grace period to regain compliance and was not subject to delisting from the NASDAQ as a result of the deficiency unless it failed to fill the vacancy no later than May 4, 2008.
Transmeridian Exploration, Inc.
Transmeridian Exploration Appoints New Director
HOUSTON, May 22, 2007 (PRIME NEWSWIRE) -- Transmeridian Exploration Incorporated (AMEX:TMY) today announced that the Board of Directors has appointed Mr. Wolfgang Rupf, 64, to fill the vacancy on the Board created by the retirement of Dr. Fernando J. Zuniga y Rivero, effective as of the Company's annual meeting of stockholders on May 17, 2007. Mr. Rupf will serve on the Nominating & Governance Committee.
Optium to Speak at Cowen and Company's 35th Annual SMid-Cap Technology Conference
HORSHAM, Pa., May 22, 2007 (PRIME NEWSWIRE) -- Optium Corporation (Nasdaq:OPTM), a leading supplier of high-performance optical subsystems, today announced that Eitan Gertel, President and Chief Executive Officer, will speak at Cowen and Company's 35th Annual SMid-Cap Technology Conference on Thursday, May 31, 2007, at The New York Palace Hotel in New York City. The presentation is scheduled to begin at 11:05 a.m. Eastern Time.
Macatawa Bank Corporation
Macatawa Bank Corporation Declares Quarterly Cash Dividend
HOLLAND, Mich, May 22, 2007 (PRIME NEWSWIRE) -- Macatawa Bank Corporation (Nasdaq:MCBC) announced that its board of directors declared a quarterly cash dividend of thirteen cents ($.13) per share payable June 29, 2007, to shareholders of record on June 11, 2007. This cash dividend follows a 5% stock dividend to be paid May 30, 2007. Therefore the cash dividend represents a 5% increase over the first quarter 2007 cash dividend and a 14% increase over the second quarter of 2006 after considering the effect of the stock dividend.
Dachman Named Vice President, Produce At SYSCO Corporation
HOUSTON, May 22, 2007 (PRIME NEWSWIRE) -- SYSCO Corporation (NYSE:SYY), North America's largest foodservice marketer and distributor, announced today that Richard J. Dachman has been named vice president, produce. Mr. Dachman served most recently as senior vice president, FreshPoint, Inc., a SYSCO subsidiary, and will assume his new position effective July 1, 2007.
Foundry Networks, Inc.
Foundry Demonstrates LLDP Standard for Simplifying Enterprise VoIP
LAS VEGAS, May 22, 2007 (PRIME NEWSWIRE) -- Foundry Networks(r), Inc. (Nasdaq:FDRY), a performance and total solutions leader for end-to-end switching and routing, will demonstrate the IEEE 802.1AB Link Layer Discovery Protocol (LLDP) and the associated ANSI/TIA extension, Link Layer Discovery Protocol-Media Endpoint Discovery (LLDP-MED), on its FastIron(r) X series switches. LLDP and LLDP-MED are important LAN standards helping to accelerate open convergence, enabling organizations to build best-of-breed, multi-vendor networks without single vendor lock-in.
Fieldturf Tarkett Continues Its Expansion With the Acquisition of Defargo
MONTREAL, May 22, 2007 (PRIME NEWSWIRE) -- FieldTurf Tarkett, the worldwide leader in sports surfacing systems, has acquired Defargo in an important strategic acquisition, it was announced today by FieldTurf Tarkett CEO John Gilman and Defargo President Sylvain Leclair. With the acquisition of Defargo's turf and track business, the revenue of FieldTurf Tarkett's sports flooring business will now exceed US $350 million.