latest news releases from the newsroom
iGATE Opens Mexican Operations
FREMONT, Cailf., Oct. 20, 2008 (GLOBE NEWSWIRE) -- iGATE Corporation (Nasdaq:IGTE), an integrated Technology and Operations (iTOPS) firm, announced that it will begin operating a new US$2 million facility in Guadalajara, Mexico on Monday, Oct. 20, 2008. The new center, iGATE Global Solutions Mexico S.A. de C.V., will utilize local workers to offer near-shore iTOPS, IT and BPO services to a variety of U.S. and Latin American clients.
Bell Microproducts Inc.
Bell Microproducts Announces Expected Date for Key Restatement Milestone
SAN JOSE, Calif., Oct. 20, 2008 (GLOBE NEWSWIRE) -- Bell Microproducts Inc. (Pink Sheets:BELM), one of the world's largest value-added distributors of storage and computing technology, today announced that it has made substantial progress towards completing the previously-announced restatements of its historical financial statements for the years ended December 31, 2004 and 2005. The Company currently anticipates that it will complete these restatements and file its annual report on Form 10-K for fiscal year 2006 in December.
Chino Commercial Bank
Chino Commercial Bancorp Reports Third Quarter Earnings
CHINO, Calif., Oct. 20, 2008 (GLOBE NEWSWIRE) -- The Board of Directors of Chino Commercial Bancorp (OTCBB:CCBC), the parent company of Chino Commercial Bank, N.A., announced the results of operations for the Bank and the consolidated holding company for the third quarter ended September 30, 2008 with net earnings of $72,654, a 65.3% reduction from $209,476 for the same quarter of 2007. The net earnings for the most recent quarter represents $0.10 per diluted share, as compared with $0.27 per diluted share, or a reduction of 63.0% from the same quarter last year. Earnings year-to-date was $260,530 or $0.34 per diluted share as compared with net earnings of $612,466 or $0.77 per diluted share for the same period last year.
Meritage Homes Corporation
Meritage Homes Schedules Third Quarter 2008 Earnings Webcast
SCOTTSDALE, Ariz., Oct. 20, 2008 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH) a leading U.S. homebuilder, plans to release the Company's third quarter 2008 results on Monday, October 27, 2008 after market close. Management will host a conference call to discuss these results on October 28, 2008, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time.) The call will be webcast by Business-to-Investor, Inc. (B2i), with an accompanying slideshow on the "Investor Relations" page of the Company's web site at http://www.meritagehomes.com. For telephone participants, the dial-in number is 888-241-0558 with a passcode of "Meritage". Participants are encouraged to dial in five minutes before the call begins. A replay of the call will be available after 4:30 p.m. ET October 28, 2008 on the website noted above, or by dialing 800-374-8789, and referencing passcode 64825132.
Advanced Environmental Recycling Technologies, Inc.
NASDAQ Extends Grace Period to AERT On Listing Requirements
SPRINGDALE, Ark., Oct. 20, 2008 (GLOBE NEWSWIRE) -- Advanced Environmental Recycling Technologies, Inc. (Nasdaq:AERT) a leading manufacturer of Green building products was today informed that, effective immediately, NASDAQ had suspended enforcement of the rules requiring a minimum $1 closing bid stock price in order to maintain its listing. In addition, NASDAQ will not take any action to delist any security for this concern during the suspension. The suspension will remain in effect through Friday, January 16, 2009. The minimum $1.00 bid rule will be reinstated on Monday, January 19, 2009.