Bitfone Bolsters Executive Team With New CFO
LAGUNA NIGUEL, Calif., Jan. 30, 2006 (PRIMEZONE) — Bitfone Corporation (www.bitfone.com), the pioneer and patent holder of firmware over-the-air (FOTA) update technology for mobile phones, today announced that it has appointed Bill Beyer to its executive team as chief financial officer.
Telenor: Tax Authorities Appealed Sonofon Tax Case
OSLO, Norway, Jan. 30, 2006 (PRIMEZONE) — Telenor has today been informed that the tax authorities have appealed the Appeal Court's (Borgarting Lagmannsrett) decision of 21st December 2005. The Court ruled in favour of Telenor in respect to the tax losses which occurred from the intragroup sale of shares in Sonofon Holding A/S.
Internal Hydro Completes Renewable Energy Unit Plans for European Production
TAMPA, Fla., Jan. 30, 2006 (PRIMEZONE) — Internal Hydro International Inc., (OTCBB:IHDR) (www.InternalHydro.com) announces that it has completed unit design and production work for inclusion by Cm2 for production of the Energy Commander V low impact hydro unit. IHDR further announces that it has had the successful inclusion of the engineering for the unit coordinated between Cm2 and IHDR for full production of the 30 Kilowatt unit. The unit as being built by Cm2 will provide an always ready 30 kilowatts of electricity for constant use by industrial and natural flow users.
U.S. Bankruptcy Court to Confirm ATA Holdings Corp. Plan of Reorganization
INDIANAPOLIS, Jan. 30, 2006 (PRIMEZONE) — ATA Holdings Corp. (the"Company") (Pink Sheets:ATAHQ) and four of its subsidiaries, including ATA Airlines, Inc. (the"Reorganizing Debtors"), today received oral confirmation by the U.S. Bankruptcy Court for the Southern District of Indiana of their First Amended Plan of Reorganization (POR). The Judge indicated that he would enter a written order confirming the POR tomorrow. This approval clears the way for the Company to emerge from Chapter 11 by late February 2006.
Fox&Hound Restaurant Group Announces Determination of Superior Proposal
WICHITA, Kan., Jan. 30, 2006 (PRIMEZONE) — Fox&Hound Restaurant Group (Nasdaq:FOXX) announced that, in accordance with the terms and conditions of the Amended and Restated Agreement and Plan of Merger among the Company and affiliates of Levine Leichtman Capital Partners (the"LLCP Merger Agreement"), the Company's Board of Directors has determined that the previously announced offer of affiliates of Newcastle Partners, LP and Steel Partners II, LP to enter into a negotiated tender offer/merger for $16.30 per share in cash (the"Newcastle/Steel Offer") is a superior offer to the existing $16.00 per share offer of Levine Leichtman Capital Partners made pursuant to the LLCP Merger Agreement.
Crew Gold Corp.: Notification of Trade
LONDON, Jan. 30, 2006 (PRIMEZONE) — Crew Gold Corporation ("Crew") (TSE:CRU) (OSE:CRU) (Frankfurt:KNC) (Other OTC:CRUGF): On January 30, 2006, Jan A Vestrum, President and Chief Executive Officer of Crew, bought 4,200,000 shares in Crew at NOK 8.88 by way of the fulfilment of a previously announced forward contract, sold 4,200,000 shares in Crew at NOK 10.60 and bought 4,200,000 shares in Crew at NOK 10.75 by way of a new forward contract with maturity April 20, 2006.
Enbridge Energy Partners Declares Cash Distribution and Reports 2005 Fourth Quarter Results
HOUSTON, Jan. 30, 2006 (PRIMEZONE) — Enbridge Energy Partners, L.P. (NYSE:EEP) ("Enbridge Partners"or"the Partnership") today declared a cash distribution of $0.925 per unit payable February 14, 2006 to unitholders of record on February 7, 2006. The Partnership also reported net income for the three months ended December 31, 2005 of $49.7 million, or $0.68 per unit, compared with net income of $41.6 million, or $0.61 per unit, for the fourth quarter of the prior year.
GB&T Bancshares Announces Share Repurchase Program
GAINESVILLE, Ga., Jan. 30, 2006 (PRIMEZONE) — GB&T Bancshares, Inc. (Nasdaq:GBTB), a multi-bank holding company with six community banks in markets surrounding Atlanta, Georgia, today announced that the Company's Board of Directors has approved the repurchase of up to approximately 2% of the Company's outstanding common stock, no par value per share ("Common Stock"). SunTrust Robinson Humphrey will purchase from time to time, on behalf of the Company, on a best-efforts basis, up to 260,000 shares of the Common Stock in open-market transactions.
Photo Release — Northrop Grumman Names David S. Harvey, William E. Carty, Edgar A. Smith, and Louise Ussery Vice Presidents
LOS ANGELES, Jan. 30, 2006 (PRIMEZONE) — Northrop Grumman Corporation (NYSE:NOC) has appointed four vice presidents to key positions within the company's newly formed Technical Services sector, effective immediately.
NorthStar Realty Finance Announces Treatment of 2005 Dividend
NEW YORK, Jan. 30, 2006 (PRIMEZONE) — NorthStar Realty Finance Corp. (NYSE:NRF) today announced the tax treatment of its common stock dividends paid during the 2005 calendar year. The three dividend payments made during the 2005 calendar year totaled $0.53 per share of common stock. This amount does not include the $0.27 per share dividend payable on or about February 10, 2006, with respect to the fourth quarter of 2005. For tax reporting purposes, 100% of the dividend distributions made in 2005 will be classified as ordinary, non-qualified dividends and no portion of the dividends represented a return of capital.
Momentum Continues to Build for DVD-RAM Format At 2006 International CES
SECAUCUS, N.J., Jan. 30, 2006 (PRIMEZONE) — The RAM Promotion Group (RAMPRG), an industry organization formed to promote the awareness and adoption of the DVD-RAM format, today announced that DVD-RAM made a strong push into 2006, as evidenced by over 50 DVD-RAM compatible products debuted at this year's International CES. RAMPRG member companies including Hitachi, Ltd., Hitachi-LG Data Storage, Inc., Hitachi Maxell, Ltd., LG Electronics Inc., Matsushita Electric Industrial Co., Ltd. (Panasonic), Samsung Electronics Co., Ltd., TEAC Corporation, Toshiba Corporation and Victor Company of Japan, Limited (JVC), all announced or exhibited innovative product lines featuring DVD-RAM compatible recorders, camcorders, players, PC drives and media.
Northwest Bancorporation, Inc. Announces Fourth-Quarter Financial Information
SPOKANE, Wash., Jan. 30, 2006 (PRIMEZONE) — Northwest Bancorporation, Inc. (OTCBB:NBCT) President and CEO Randall L. Fewel today announced fourth-quarter net income for the company of $566,376 and full-year earnings of $2,160,213 for the twelve months ending December 31, 2005. Fourth-quarter 2005 earnings were higher than for the same quarter in 2004, increasing by 0.4% from $564,009. Fourth-quarter 2004 results were aided by a $50 thousand tax accrual adjustment. For the full year, net income increased 10.0% over the $1,964,317 earned in 2004.
Asia Society Report Outlines States Actions to Prepare Students to Compete Globally
NEW YORK, Jan. 30, 2006 (PRIMEZONE) — From the creation of internationally themed high schools to expanding Chinese language instruction to using the internet to offer international courses or connect their schools to others around the world, elected and educational officials from leading states throughout the country have sparked a growing international education movement, according to a new report released by Asia Society.
Photo Release — Northrop Grumman Names Elizabeth D. Iversen Vice President of Mission Assurance at Electronic Systems
BALTIMORE, Jan. 30, 2006 (PRIMEZONE) — Northrop Grumman Corporation (NYSE: NOC) has appointed Elizabeth D. Iversen as sector vice president of mission assurance for the company's Electronic Systems sector.
