latest news releases from the newsroom
Toll Brothers, Inc.
Toll Brothers Announces New $1.05 Billion Bank Credit Facility
HUNTINGDON VALLEY, Pa., July 15, 2004 (PRIMEZONE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced the completion of a new $1.05 billion unsecured bank revolving credit facility. The new facility, which matures in 2009, replaces Toll Brothers' previous $575 million facility. It has an accordion feature under which it can grow up to $1.2 billion, subject to the availability of additional bank commitments.
Penn's Landing Corporation
WXPN Singer Songwriter Weekend: A Community Celebration of Musical Discovery
PHILADELPHIA, July 15, 2004 (PRIMEZONE) -- For 11 years, the Independence Blue Cross WXPN Singer Songwriter Weekend has presented an amazing music festival featuring heritage artists, new acts, and local performers. It is one of the premier music events in Philadelphia, drawing thousands of people to Penn's Landing for two days of great music. A celebration of the public radio station's community of passionate music fans, the WXPN Singer Songwriter Weekend showcases the best singer songwriters in the nation. This year, the festival starts early with the addition of a Friday night line up.
ProtoKinetix Reports on Potential of AFGP as Well as Progress Made on the AFGP Transaction
VANCOUVER, British Columbia, July 15, 2004 (PRIMEZONE) -- On June 28, 2004, ProtoKinetix (OTCBB:PKTX) announced that it had reached an agreement with Perigene, Inc. to acquire a patented antifreeze glycoprotein technology. Dr. Todd commenting on the progress on the acquisition of the AFGP technology stated, "Both ProtoKinetix and Perigene are in the process of conducting due diligence. Thus far, the AFGP technology appears to be exactly what it was represented to be. The initial executed agreement, which was approved by the Perigene board of directors, calls for a due diligence period. ProtoKinetix believes that the two companies will be able to reach a set of final negotiated terms within the next 10 days. The final negotiated terms will be memorialized in a Final Agreement. ProtoKinetix believes that the transaction should ultimately close within 30 days."
Highway Holdings Limited
Highway Holdings Limited Declares Annual Cash Dividend
HONG KONG, July 15, 2004 (PRIMEZONE) -- Highway Holdings Limited (Nasdaq:HIHO) today announced that its board of directors has declared an annual cash dividend of $0.10 per share on the company's common stock for the fiscal year ended March 31, 2004. The dividend will be paid August 3, 2004, to shareholders of record on July 28, 2004.
Northwest Bancorporation, Inc.
Northwest Bancorporation, Inc. Announces Second Quarter Financial Information
SPOKANE, Wash., July 15, 2004 (PRIMEZONE) -- Northwest Bancorporation, Inc. (OTCBB: NBCT) President & CEO, Randall L. Fewel, announced today that net income for the quarter ended June 30, 2004 was $436,139; this is an 8.2% improvement when compared to net income of $403,025 earned in the second-quarter of 2003. Fully diluted earnings per share improved to $0.21 for the quarter ended June 30, 2004 when compared to earnings of $0.20 per share for the quarter ended June 30, 2003. Six-month year-to-date earnings have improved 8.6%, from $776,777 in 2003 to $843,279 this year, with fully diluted earnings per share of $0.42 in 2004, compared to $0.39 for the same period last year. Prior-year results have been adjusted to incorporate the effect of a five-percent stock dividend paid in June 2004. For the first-half of the year, annualized return on average assets is 0.79% and annualized return on average equity is 9.00%. Total assets for the company were $224 million on June 30th, an increase of 6.4% when compared to the same date last year.