latest news releases from the newsroom
GenTek Inc. Announces Earnings Call Tuesday, August 12, 2008 At 11 A.M. E.T.
PARSIPPANY, N.J., July 30, 2008 (PRIME NEWSWIRE) -- GenTek Inc. (Nasdaq:GETI) has scheduled a conference call on Tuesday, August 12, 2008 at 11 a.m. Eastern Time to review its financial results for the second quarter ended June 30, 2008. Remarks by William E. Redmond, Jr., President and Chief Executive Officer of GenTek Inc., and by Thomas B. Testa, Vice President and Chief Financial Officer of the Company, will be followed by a Q&A session. The call may be accessed by dialing toll free 877-397-0297. Callers are advised to dial into the call at least ten minutes prior to the scheduled start time.
State Bancorp, Inc.
State Bancorp, Inc. Reports Second Quarter Earnings and Declares Cash Dividend of $0.10
JERICHO, N.Y., July 30, 2008 (PRIME NEWSWIRE) -- State Bancorp, Inc. (the "Company") (Nasdaq:STBC), parent company of State Bank of Long Island (the "Bank"), today reported earnings for the second quarter of 2008 of $961 thousand versus $930 thousand a year ago, representing an increase of 3.3%. Diluted earnings per common share of $0.07 were recorded in the second quarter of 2008 versus $0.06 in the comparable 2007 period. The increase in net income was primarily attributable to an improved net interest margin and a reduction in operating expenses, partially offset by increased legal fees and a substantial increase in the provision for loan and lease losses. Year-to-date net income increased by 48.0% to $4.0 million, or $0.28 per diluted share, compared to $2.7 million or $0.19 per diluted share in 2007.
Pro Motors Group, Corp.
Schock Media on Board to Accelerate Pro Motors Group, Corp.'s Mission to Take Revolutionary Hydro Assist Fuel Cell Systems Nationwide
LOS ANGELES, July 30, 2008 (PRIME NEWSWIRE) -- Pro Motors Group Corp. (Pink Sheets:PMGU) (www.ProMotorsGroupCorp.com) announced today that it has retained the strategic marketing services of Schock Media to drive the sales and market expansion of the company's revolutionary Hydro Assist Fuel Cell, an advanced fuel efficiency system capable of increasing a vehicle's fuel efficiency by 30-300%. Schock Media principals Jeff Schock and Doug Brown have provided corporate imaging, brand positioning, and strategic relationships for Fortune 500 clients Lockheed Martin, Motorola, Disney, Hewlett Packard, SONY, Kanaka USA, Hershey Foods, Hilton Hotels and Green Mountain Energy. Pro Motors Group's CEO Larry Palmer said, "We are thrilled to have Schock Media working with the Pro Motors Group team. We are confident that their brand strategies and marketing plans will take us to the top of this exploding consumer energy sector."
EMS Technologies, Inc.
EMS Technologies Signs Definitive Agreement to Acquire Sky Connect LLC.
ATLANTA and TAKOMA PARK, Md., July 30, 2008 (PRIME NEWSWIRE) -- EMS Technologies, Inc. (Nasdaq:ELMG) announced today that it has signed a definitive agreement to acquire Sky Connect LLC. of Takoma Park, Md., for approximately $15.5 million, subject to customary closing conditions. Additional purchase price payments may be earned based on near-term performance of the Sky Connect business. The acquisition is intended to enable EMS to build an Iridium services-based business, complementing the Company's industry-leading offerings serving the commercial and military aviation markets. The Company expects the acquisition to be accretive in 2008, but not to materially affect EMS's financial performance for 2008.