latest news releases from the newsroom
GB&T Bancshares, Inc.
GB&T Bancshares Reports 2004 Net Income of $9.8 Million, Up 27.4%
GAINESVILLE, Ga., Jan. 19, 2005 (PRIMEZONE) -- GB&T Bancshares, Inc. (Nasdaq:GBTB), a fast-growing multi-bank holding company operating five community banks based in Georgia, reported 2004 net income of $9.8 million, a 27.4 percent increase over the $7.7 million reported for 2003. Strong earnings reflect the Company's double-digit balance sheet growth achieved through organic expansion combined with an active acquisition strategy. During the course of the year, loans rose 34.6 percent while deposits increased 27.4 percent. Diluted earnings per share for 2004 were $1.04 compared to $1.03 for 2003. The earnings per share comparison reflects a 26.8 percent increase in average diluted shares outstanding to 9,472,000 arising from shares issued in connection with three bank acquisitions over the past 18 months and a public offering of 1,651,680 shares completed in the fourth quarter of 2004.
Telynx, Inc.'s Israel-based R&D Center Nears Completion of Design Phase for its New Telecom Inventory Management and Provisioning Software
SHERMAN OAKS, Calif., Jan. 19, 2005 (PRIMEZONE) -- Telynx, Inc. (Pink Sheets:TLYN), a provider of network inventory management and provisioning software solutions to major telecommunications service providers, today provided further details on its software development project. The project's goal is to develop the most flexible and intelligent Inventory Management and Provisioning Software in the market today. Project personnel include two Project Designers working in San Francisco whose responsibilities are to design the infrastructure and framework of the product. The software code is being developed by the Company's team of engineers located in TLYN's Research and Development Center in Northern Israel. At present, the team consists of three engineers and it is the Company's intention to hire additional engineers as needed to meet production requirements. The design phase of the project has been in progress since June 2004 and should be finalized in a month. It will take 3 to 4 months for the code to be completed and 2 months for testing.
OMX Refinances Subsidiaries and Makes a Provision for Premises
STOCKHOLM, Sweden, Jan. 19, 2005 (PRIMEZONE) -- As a result of the proposed authorization for the Board of Directors of OMX to issue new shares in conjunction with the public offering to the shareholders of the Copenhagen Stock Exchange A/S, OMX has compiled a report on events of material importance to OMX's financial position that have previously been announced via press releases. The report will be available at OMX from January 20, 2005 and will be distributed upon request to shareholders. In conjunction with the issuance of the report, OMX has decided to make a provision for premises and to refinance certain subsidiaries.
Market Pulse -- Stocks to Watch Alerts for Wednesday, January 19, 2005!
ATLANTA, Jan. 19, 2005 (PRIMEZONE) -- Market Pulse is pleased to introduce our "stocks to watch" this AM and our featured stock in the news, Meg Athletic Corporation (Pink Sheets:MEGJ), to the investment community! Meg Athletic is poised to become a significant player in the casual and leisure sports apparel market! MEGJ just had excellent news out this AM regarding the carrying forward of their distribution agreement with a major company in Europe! Investors should be following this one closely! Other notable stocks that look great lately from a fundamental and technical perspective include:
PointRoll and its Employees Give to Tsunami Relief Effort
FORT WASHINGTON, Pa., Jan. 19, 2005 (PRIMEZONE) -- In response to the devastation caused by the tsunami in South Asia and India, PointRoll Inc. is making a contribution of $10,000 to support the humanitarian relief and recovery efforts. The donation will be made through Network for Good, a charitable organization founded by Yahoo!, AOL and Cisco Systems, to the American Red Cross International Response Fund.
eLocity Inc. -- Investor Alert, Wednesday's Stocks to Watch: MMFS, BBI, HLYW, MOVI
SARASOTA, Fla., Jan. 19, 2005 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.: MEM Financial Solutions, Inc. (Pink Sheets:MMFS), Blockbuster Inc. (NYSE:BBI), Hollywood Entertainment Corp. (Nasdaq:HLYW), Movie Gallery, Inc. (Nasdaq:MOVI)