latest news releases from the newsroom
Nayna Networks, Inc.
Nayna Networks Completes Acquisition of Professional Satellite & Communications (ProSAT)
SANTA CLARA, Calif., March 29, 2007 (PRIME NEWSWIRE) -- Nayna Networks, Inc., (OTCBB:NAYN), a provider of next generation network solutions headquartered in Santa Clara, California, today announced the close of its acquisition of privately-held Professional Satellite & Communications, LLC (ProSAT(tm)) headquartered in San Diego, California.
Frozen Food Express Industries, Inc.
Frozen Food Express Industries, Inc. Named to NASDAQ Global Select Market
DALLAS, March 29, 2007 (PRIME NEWSWIRE) -- Frozen Food Express Industries, Inc. (Nasdaq:FFEX) announced today its inclusion in the NASDAQ Global Select Market, effective April 3, 2007. The NASDAQ Global Select Market is for public companies that meet NASDAQ's highest listing standards, with measures including market value, liquidity and earnings. Prior to the change, the company had been listed on the NASDAQ Global Market. The change will not affect the ability to obtain quotations or other information. As always, using the symbol FFEX will enable retrieval of information about Frozen Food Express Industries, Inc.
Federal Home Loan Bank of Dallas
FHLBank of Dallas Announces First Quarter Dividend
DALLAS, March 29, 2007 (PRIME NEWSWIRE) -- The Board of Directors of the Federal Home Loan Bank of Dallas (Bank) has declared a dividend in the form of capital stock for the first quarter of 2007 at an annualized rate of 5.25 percent, which equates to the average effective federal funds rate for the fourth quarter of 2006. The first quarter dividend, applied to average capital stock held during the period from October 1, 2006 through December 31, 2006 and based upon operating results for that same period, will be paid on March 30, 2007.
uBid.com Holdings, Inc.
uBid.com Holdings, Inc. Announces President and CEO Departure
CHICAGO, March 29, 2007 (PRIME NEWSWIRE) -- uBid.com Holdings, Inc. (OTCBB:UBHI), whose uBid, Inc. subsidiary is one of the leading business-to-consumer and business-to-business online marketplaces in the U.S., announced today that Robert H. Tomlinson, Jr. plans to step down as uBid.com Holdings, Inc's ("uBid's") President and Chief Executive Officer. On March 26, 2007, Mr. Tomlinson informed the Board of Directors of the Company that he will not be renewing his employment agreement that terminates on December 29, 2007. Having led uBid through its transformation over the past five years, Mr. Tomlinson plans to move back to New Jersey where his family still resides. During the five years under Mr. Tomlinson's leadership, uBid has refined its business model and strategy resulting in a merger and private offering in December 2005, creating the publicly traded company.
Imperial Industries, Inc.
Imperial Industries, Inc. to Host Conference Call to Discuss 2006 Fourth Quarter and Full Year Financial Performance and Operating Results
POMPANO BEACH, Fla., March 29, 2007 (PRIME NEWSWIRE) -- Imperial Industries, Inc. (Nasdaq:IPII) (the "Company") today announced that it intends to release its financial results for the quarter and year ended December 31, 2006 after the market closes on Friday, March 30, 2007. The Company will also host a conference call with the investment community, Tuesday, April 3, 2007, at 9:00 am EDT to discuss fourth quarter and year-end 2006 results.
Superior Development Group, Inc.
Superior Development Group, Inc. Responds to Overwhelming Response for Its New Lease Purchase Housing Program With Plans for a Lease Purchase Mortgage Company
CLARKSDALE, Miss., March 29, 2007 (PRIME NEWSWIRE) -- Superior Development Group, Inc. (Pink Sheets:SDVG), a residential real estate development company announced today that due to the overwhelming response that it has received for its Lease Purchase Program, aimed to curtail the fallout in the subprime lending market announced by the Company on March 21, 2007, it will create a Lease Purchase Mortgage subsidiary to further implement the program and work directly with mortgage brokers and realtors nationwide who are interested in the Lease Purchase Program.
Merit Medical Systems, Inc.
Merit Medical Gives 2007 Sales and Earnings Guidance
SOUTH JORDAN, Utah, March 29, 2007 (PRIME NEWSWIRE) -- Merit Medical Systems, Inc. (Nasdaq:MMSI), a leading manufacturer and marketer of proprietary disposable devices used primarily in cardiology and radiology procedures, today provided sales and earnings guidance regarding management's expectations for the fiscal year ending December 31, 2007.