latest news releases from the newsroom
Cyber Digital, Inc.
Cyber Digital's Subsidiary, New Rochelle Telephone, Files Voluntary Petition Under Chapter 11
HAUPPAUGE, N.Y., Oct. 13, 2008 (GLOBE NEWSWIRE) -- Cyber Digital, Inc. (OTCBB:CYBD), a developer of communications systems and a communications service provider, today announced that, as part of a restructuring initiative, it intends to reorganize the operations of its wholly-owned subsidiary, New Rochelle Telephone Corporation ("NRT"). Accordingly, NRT has filed a voluntary petition for relief under Chapter 11 of Title 11 of the U.S. Code before the U.S. Bankruptcy Court, Eastern District of New York, at Central Islip. The filing is intended to facilitate an orderly process to reorganize NRT's post-petition debts, reduce costs and buy out the position of a secured lender.
Targa Resources Partners LP
Targa Resources Partners LP Announces Program to Repurchase Up to $50 Million of Common Units
HOUSTON, Oct. 13, 2008 (GLOBE NEWSWIRE) -- Targa Resources Partners LP ("Targa Resources Partners" or the "Partnership") (Nasdaq:NGLS) today announced that the Board of Directors of Targa Resources GP LLC, its general partner, has authorized a program for the Partnership to repurchase up to $50 million in value of its common units from time to time through December 31, 2009 in open market transactions, including block purchases, or in privately negotiated transactions. The unit repurchase program authorizes the Partnership to make repurchases on a discretionary basis as determined by its management subject to market conditions, applicable legal requirements, available liquidity and other appropriate factors as determined by such officers. The Partnership stated that the unit repurchase program does not include specific price targets or timetables and may be modified or suspended at any time and could be terminated prior to completion. Repurchased common units will be cancelled and current payments on the Partnership's incentive distribution rights will decrease.