latest news releases from the newsroom
First Regional Bancorp
First Regional Bancorp Announces Issuance of $30,000,000 in Trust Preferred Securities
CENTURY CITY, Calif., March 30, 2006 (PRIMEZONE) -- First Regional Bancorp (Nasdaq:FRGB) announced today that it raised $30 million of new capital pursuant to "trust preferred" transactions involving a newly formed, wholly owned, statutory business trust. The securities were issued in private placement transactions as part of a pooled securitization transaction involving several other financial institutions. Holders of the trust securities will be entitled to receive cumulative cash distributions at a floating interest rate equal to three-month LIBOR plus 1.50%.
Childrens Hospital Los Angeles
Richard D. Cordova Named President and Chief Executive Officer at Childrens Hospital Los Angeles
LOS ANGELES, March 30, 2006 (PRIMEZONE) -- Richard D. Cordova, who has been president and chief operating officer at Childrens Hospital Los Angeles since April 25, 2005, will become its president and chief executive officer, effective April 1, 2006, replacing Walter W. Noce, Jr., according to an announcement by Childrens Hospital Los Angeles Board of Trustees Co-Chairs Marion Anderson, of Bel Air, and Walter B. Rose, of Pasadena.
Virco Mfg. Corporation
Virco Classroom Makeover Upgrades Facilities for Reading Program
TORRANCE, Calif., March 30, 2006 (PRIMEZONE) -- Reading is perhaps the most fundamental skill any student can acquire. Unfortunately, some classrooms devoted to helping kids read have old, worn out furniture that can actually inhibit the learning process. That's why Virco(r) (AMEX:VIR) and the National Association of Secondary School Principals (NASSP) collaborated to dramatically upgrade the furniture of a reading classroom at Oak-Land Jr. High in Lake Elmo, Minnesota.
Strategic Distribution, Inc.
Strategic Distribution, Inc. Reports 2005 Fourth Quarter and Year End Financial Results
BRISTOL, Pa., March 30, 2006 (PRIMEZONE) -- Strategic Distribution, Inc. (Nasdaq:STRD), a leading provider of maintenance, repair and operating (MRO) supply chain management services, today reported financial results for the fourth quarter and year ended December 31, 2005.
Izard Nobel LLP
Schatz & Nobel, P.C. Announces Class Action Lawsuit Against The Estee Lauder Companies, Inc. -- EL
HARTFORD, Conn., March 30, 2006 (PRIMEZONE) -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of all persons who purchased or otherwise acquired the publicly traded securities of The Estee Lauder Companies Inc. ("Estee Lauder" or the "Company") (NYSE:EL) between April 28, 2005 and October 25, 2005, inclusive, (the "Class Period").
Discovery Laboratories, Inc.
Discovery Labs Announces Preliminary Results of Phase 2 Clinical Trial in ARDS
WARRINGTON, Pa., March 30, 2006 (PRIMEZONE) -- Discovery Laboratories, Inc. (Nasdaq:DSCO) today announced preliminary results from its recently completed Phase 2 clinical trial for the treatment of Acute Respiratory Distress Syndrome (ARDS) in adults using Discovery's precision-engineered surfactant delivered via bronchoscopic segmental lavage (Surfactant Lavage). Discovery will hold a conference call on Friday, March 31, 2006 at 9:00 AM EST. The call in number is 866-332-5218.