latest news releases from the newsroom
Propalms, Inc. Files Form 10-K Annual Report and Reports a 52 Percent Increase in Revenue for Fiscal Year 2008
MALTON, England, June 4, 2008 (PRIME NEWSWIRE) -- Propalms, Inc. (Pink Sheets:PRPM) is pleased to announce that the Company has filed its annual Form 10-KSB for its fiscal year ending January 31, 2008 with the Securities and Exchange Commission (SEC). The Company generated $1,076,715 in revenue for its fiscal year ending January 31, 2008, a 52% increase over its prior fiscal year, where Propalms generated $708,434 in revenue. Equally as important for long term stability, deferred revenue to be recognized over the next year has remained consistent at approximately $630,000 when compared to the previous year.
AmTrust Financial Services, Inc.
AmTrust Financial Services, Inc. Announces Quota Share Reinsurance Agreement
NEW YORK, June 4, 2008 (PRIME NEWSWIRE) -- AmTrust Financial Services, Inc. (Nasdaq:AFSI) today announced that it has entered into a reinsurance agreement with Maiden Holdings, Ltd. (Maiden) for business written and acquired through its acquisition of Unitrin Business Insurance (UBI).
Maiden Holdings, Ltd.
Maiden Holdings, Ltd. Announces Quota Share Reinsurance Agreement
HAMILTON, Bermuda, June 4, 2008 (PRIME NEWSWIRE) -- Maiden Holdings, Ltd. (Nasdaq:MHLD) announced today that it has entered into a multi-year reinsurance agreement with AmTrust Financial Services, Inc. (AmTrust) for business written through AmTrust's acquisition of Unitrin Business Insurance (UBI).
Maiden Holdings, Ltd.
Maiden Holdings, Ltd. Reports First Quarter Net Income of $12.5 Million
HAMILTON, Bermuda, June 4, 2008 (PRIME NEWSWIRE) -- Maiden Holdings, Ltd. (Nasdaq:MHLD), today reported net income of $12.5 million and net premium written of $102.4 million for the first quarter ended March 31, 2008. Earnings per share for the first quarter were $0.21.
Datascope to Explore Strategic Alternatives; Provides Financial Guidance for Continuing Operations
MONTVALE, N.J., June 4, 2008 (PRIME NEWSWIRE) -- Datascope Corp. (Nasdaq:DSCP) announced today that it will explore strategic alternatives in response to expressions of interest received following the announcement of the sale of its Patient Monitoring business. Datascope also announced today that it is providing financial guidance in order to assist investors in evaluating the Company's continuing operations.
First Horizon National Corporation
First Tennessee Bank National Association Agrees to Sell Mortgage Business Outside Tennessee to MetLife Bank, N.A.
MEMPHIS, Tenn., June 4, 2008 (PRIME NEWSWIRE) -- First Tennessee Bank National Association, a subsidiary of First Horizon National Corp. (NYSE:FHN), has agreed to sell to MetLife Bank, N.A., a wholly owned subsidiary of MetLife, Inc. (NYSE:MET), more than 230 retail and wholesale offices nationwide and its loan origination and servicing platform. The transaction is expected to close in the third quarter. First Horizon will retain its 21 mortgage offices in and around Tennessee and associated employees, continuing to originate home loans for customers in its banking market footprint.
Website Pros Releases NetObjects Fusion 11
JACKSONVILLE, Fla., June 4, 2008 (PRIME NEWSWIRE) -- Website Pros, Inc. (Nasdaq:WSPI), today unveiled NetObjects Fusion 11, a significantly enhanced version of the groundbreaking website design application that has earned critical praise and worldwide recognition as one of the fastest, easiest ways to build, manage and update websites since its introduction in 1996. NetObjects Fusion 11 unites its legendary ease of use with powerful new capabilities that empower designers and developers of all skill levels to quickly and easily create dynamic, standards-based websites and web based applications. Since its inception, NetObjects' technology has supported the creation of well over 10 million websites globally.
Urigen Pharmaceuticals Inc.
Urigen to Present At RedChip Small-Cap Investor Conference
BURLINGAME, Calif., June 4, 2008 (PRIME NEWSWIRE) -- Urigen Pharmaceuticals, Inc. (OTCBB:URGP) announced that William Garner, MD, President and CEO, will present an overview of the Company at the RedChip 2008 Small-Cap Investor Conference tomorrow in San Francisco.