latest news releases from the newsroom
Somerset Hills Bancorp
Somerset Hills Bancorp Reports Earnings and a Quarterly Cash Dividend of $0.05 Per Share
BERNARDSVILLE, N.J., July 25, 2008 (PRIME NEWSWIRE) -- Somerset Hills Bancorp (Nasdaq:SOMH) reported net income for the quarter and six months ended June 30, 2008. For the quarter ended June 30, 2008, net income was $367,000, or $0.07 per diluted share compared to $0.10 per diluted share during the second quarter 2007. For the six months ended June 30, 2008, net income was $811,000, or $0.15 per diluted share compared to $0.19 per diluted share for the six months ending June 30, 2007.
FreeSeas Inc. Announces Date for Release of Second Quarter 2008 Financial Results
PIRAEUS, Greece, July 25, 2008 (PRIME NEWSWIRE) -- FreeSeas Inc. (Nasdaq:FREE) (Nasdaq:FREEW) (Nasdaq:FREEZ) ("FreeSeas" or "the Company"), a provider of seaborne transportation for drybulk cargoes, announced today that the Company will report earnings for the quarter ended June 30, 2008 prior to the open of the market on Thursday, July 31, 2008.
Education Realty Trust, Inc.
Education Realty Trust Awarded Third Party Development Contract
MEMPHIS, Tenn., July 25, 2008 (PRIME NEWSWIRE) -- Education Realty Trust, Inc. (NYSE:EDR), a nationwide leader in the ownership, development and management of student housing, today announced that its third-party development services subsidiary, Allen & O'Hara Development Company, LLC. ("AODC"), has been selected as the development team for the construction of a new student residence hall project at Colorado State University-Pueblo (CSU-Pueblo) in Pueblo, Colorado.
UC Hub Group Inc.
UC Hub Offers Equity and Warrants Through a Re-Structure With TMG Holdings Inc.
LOS ANGELES, July 25, 2008 (PRIME NEWSWIRE) -- UC Hub has entered into an agreement with TMG Holdings, LLC (the "Company" or "TMG") to sell 100 percent of Three Inc to TMG in exchange for assigning some equity in the new spin out company in trust for UC Hub creditors . This is an attempt by management to clean up and restructure UC Hub while reducing debt load.