latest news releases from the newsroom
Southcoast Financial Corporation
Southcoast Announces 2006 Year End Earnings
MT. PLEASANT, S.C., Jan. 17, 2007 (PRIME NEWSWIRE) -- Southcoast Financial Corporation (Nasdaq:SOCB) announced today that it had unaudited net income of $4,839,000 or $0.89 per basic share, for the year ended December 31, 2006. This compares to net income of $4,189,000, or $1.06 per basic share, for the year ended December 31, 2005. The average basic shares, included in the earnings per share calculation, were 38.6% greater for the year ended December 31, 2006, than for the year ended December 31, 2005. This increase in outstanding shares is primarily a result of the completion of our offering of 1,610,000 additional shares of stock during the fourth quarter of 2005. Average shares outstanding for both periods have been adjusted for the 10% stock dividend issued May 26, 2006.
By the End of 2009, UkrGasBank Intends to Increase Its Market Share Up to 2.3 Percent
VELIKA VASILKIVSKA, Ukraine, Jan. 17, 2007 (PRIME NEWSWIRE) -- By the end of 2009, UkrGasBank JSB (http://www.ukrgasbank.ua/en/), intends to increase its market share in aggregate banking assets from 1.2% to 2.3%, as reported by Anna Tychino, Director of Finance and Budgeting Department. "The Bank's development strategy for 2007-2009 provides for increasing, by the end of 2009, the Bank's market share in aggregate banking assets up to the level of 2.3%," she said.
Broadcast International to Appear On MN1.com
SALT LAKE CITY, Jan. 17, 2007 (PRIME NEWSWIRE) -- Reed Benson, CFO of Broadcast International (OTCBB:BCST), will be featured live on Market News First (www.mn1.com) for an exclusive interview with anchor Steve Kanaval. The interview is scheduled for today, January 17, 2007, at 4 p.m. (CST).
CashEdge Revolutionizes Accessibility of Client Account Data to Advisors
NEW YORK, Jan. 17, 2007 (PRIME NEWSWIRE) -- CashEdge, the pre-eminent provider of online data collection and financial applications, today announced that it has expanded the functionality of AllData, the company's customized data consolidation solution for financial advisors. AllData empowers financial advisors to permission direct data feeds from leading custodians and to consolidate client data from multiple advisor portals by simply and securely registering their own advisor login credentials to access the advisor portals. AllData's focus on advisor-level data eliminates an adoption barrier that exists in applications that focus on aggregating data client by client.
NetManage Provides Update On Status of Discussions of Alternative Transactions
CUPERTINO, Calif., Jan. 17, 2007 (PRIME NEWSWIRE) -- NetManage, Inc. (Nasdaq:NETM), a leading software company that provides solutions for integrating, Web enabling and accessing enterprise information systems, announced that today it has received a proposal to acquire NetManage through a merger transaction at a price per share in cash in excess of the offer price proposed to be paid to NetManage stockholders in the unsolicited partial tender offer to purchase up to 1,296,890 shares of NetManage common stock for $5.25 per share in cash made on December 20, 2006 by Riley Acquisition LLC, which is owned by Riley Investment Partners, L.P.