latest news releases from the newsroom
Promosome LLC Announces Successful Closing of $9.6 Million Series B Financing Round
NEW YORK, Oct. 27, 2008 (GLOBE NEWSWIRE) -- Promosome LLC, a biotechnology company specializing in innovative technologies related to the regulation of protein synthesis, today announced the successful completion of its Series B Funding Round. Initially seeking $7.5 million, Promosome has been successful in over-subscribing the round to a close of $9.6 million. These funds will be utilized to support the current commercialization efforts for its Translation Enhancing Elements (TEEs) technology as well as advancing other late stage development technologies.
ChinaCast Education Corporation
ChinaCast Education to Report Third Quarter Financial Results On November 10, 2008
BEIJING, Oct. 27, 2008 (GLOBE NEWSWIRE) -- ChinaCast Education Corporation (Nasdaq:AST), one of the leading publicly listed for-profit, post-secondary education and e-learning services providers in China, today announced that it will release earnings results for the third quarter ended September 30, 2008, on Monday, November 10, 2008, after the close of the market.
Aastrom Biosciences, Inc.
Aastrom Biosciences, Inc. Proxy Proposals Approved
ANN ARBOR, Mich., Oct. 27, 2008 (GLOBE NEWSWIRE) -- Aastrom Biosciences, Inc. (Nasdaq:ASTM), a leading regenerative medicine company, today announced that shareholders of the Company approved all fiscal year 2008 proxy proposals at the Annual Meeting of Shareholders held October 17, 2008. After tabulating the votes, Broadridge Financial Solutions, Inc. reported that approximately 107 million shares, or approximately 81% of the shares outstanding on the record date, were represented at the Annual Meeting, in person or by proxy. Aastrom had approximately 133 million shares outstanding on the record date of September 2, 2008.
Provident Community Bancshares, Inc.
Provident Community Bancshares Reports Third Quarter Earnings
ROCK HILL, S.C., Oct. 27, 2008 (GLOBE NEWSWIRE) -- Provident Community Bancshares, Inc. (Nasdaq:PCBS) (the "Corporation") reported operating results for the three and nine months ended September 30, 2008. Net income for the third quarter of 2008 was $306,000 compared to $727,000 for the third quarter of 2007. Earnings per share were $0.17 per share (diluted) for the third quarter of 2008, versus $0.40 per share (diluted) for the third quarter of 2007. The decrease in net income for the period was due primarily to declining interest rates along with an increase in the provision for loan losses due to loan growth and the increase in nonperforming assets, offset by an increase in noninterest income and a reduction in noninterest expense. Net income for the nine months ended September 30, 2008 was $1.0 million, or $0.58 per share (diluted) compared to $2.0 million, or $1.07 per share (diluted), for the same period in 2007.
P&F Industries, Inc.
P&F Industries, Inc. Receives Deficiency Letter From NASDAQ
MELVILLE, N.Y., Oct. 27, 2008 (GLOBE NEWSWIRE) -- P&F Industries, Inc. (Nasdaq:PFIN) today announced that on October 21, 2008, it received a letter from The NASDAQ Stock Market (the "Notification") providing notice that, for 30 consecutive trading days, P&F's common stock had not maintained a minimum market value of publicly held shares ("MVPHS") of $5 million as required for continued inclusion on The NASDAQ Global Market by Marketplace Rule 4450(a)(2). For NASDAQ purposes, MVPHS is the market value of P&F's publicly held shares, which is calculated by subtracting all shares held by officers, directors or beneficial owners of 10% or more of the total shares outstanding. The Notification has no effect on the listing of P&F's securities at this time.
First Citizens BancShares Inc.
First Citizens BancShares Declares Dividend
RALEIGH, N.C., Oct. 27, 2008 (GLOBE NEWSWIRE) -- The Board of Directors of First Citizens BancShares Inc. (Nasdaq:FCNCA) today declared a quarterly dividend of 27.5 cents per share on the Class A and Class B common stock. The dividend is payable Jan. 5, 2009, to shareholders of record Dec. 15, 2008.
First Citizens BancShares Inc.
First Citizens Reports Earnings for Third Quarter 2008
RALEIGH, N.C., Oct. 27, 2008 (GLOBE NEWSWIRE) -- First Citizens BancShares Inc. (Nasdaq:FCNCA) reports earnings for the quarter ending September 30, 2008, of $21.5 million, compared to $22.6 million for the corresponding period of 2007, a decrease of 5.0 percent, according to Lewis R. Holding, chairman of the board.