First Horizon Highlights Recent Impacts on Mortgage Banking
MEMPHIS, Tenn., Aug. 29, 2006 (PRIMEZONE) — First Horizon National Corporation (First Horizon) (NYSE:FHN) announced today that it expects mortgage banking earnings to be unfavorably impacted this quarter by two unrelated events. The further deterioration in the current mortgage environment is expected to reduce pre-tax operating earnings by approximately $35 million as compared to the second quarter, and the settlement of a class action lawsuit is anticipated to create an estimated $21 million pre-tax accrual.
AuGRID Corporation Takes Another Step Forward
VINELAND, N.J., Aug. 29, 2006 (PRIMEZONE) — AuGRID Corporation announced today that its board of directors has approved the restructuring of AuGRID as a holding company. The board has also approved a proposed name change to AuGRID Global Holdings Corp.
SmallCap Sentinel: A Katrina Anniversary and Rebuilding of Hope
IRVINE, Calif., Aug. 29, 2006 (PRIMEZONE) –"A year after the devastation of Katrina it's cliche to say that much remains to be done,"stated SmallCap Sentinel analyst D.R. Clark."Instead, it seems the more benevolent purpose may be in focusing on reconstruction efforts and instruments of progress."
Mediware to Release Year-End 2006 Financial Results On Wednesday, September 6th
LENEXA, Kan., Aug. 29, 2006 (PRIMEZONE) — Mediware Information Systems, Inc. (Nasdaq:MEDW) announces it will release its financial results for the fiscal year ended June 30, 2006 on Wednesday, September 6, 2006. The Company will host a teleconference call at 10:00 am EDT (9:00 am CDT) that day to discuss the results. There will be a question-and-answer session directly following the presentation of the results.
Fast-Growing Private Companies Hint at Changing Business Climate
NEW YORK, Aug. 29, 2006 (PRIMEZONE) — CEOs of the nation's fastest-growing private companies may be signaling a change in the business climate. They are increasingly concerned about weak market demand, runaway energy costs, and escalating interest rates. And their optimism about the economy is fading. They have lowered their revenue growth targets, and turned more cautious in their hiring and investment plans. Gross margins remain a bright spot, however.
Emulex Corporation Conference Call Advisory
MEDIA ADVISORY, Aug. 29, 2006 (PRIMEZONE) –
Madagascar Oil Announces the Appointment of Independent Directors
LONDON and NEW YORK, Aug. 29, 2006 (PRIMEZONE) — Madagascar Oil, a private oil and gas company holding the largest onshore licensed acreage in Madagascar, is pleased to announce the appointment of four new independent directors to its Board. Joining the Board are: Gary Beach, Chairman of Playa Petroleum; C. Robert Black, former Senior Vice President of Texaco Inc.; Bernard de Combret, former Deputy Chairman of the Executive Board of Total (TotalFinaElf); and Randy Foutch, founder and former Chairman of Latigo Petroleum Inc. The new appointees join existing Board members, who include: company founder directors Robert Nelson and Sam Malin; independent director Nordine Ait-Laoussine, former Energy Minister for Algeria, former VP of Sonatrach, former COO of Kufpec and currently President of Nalcosa; newly appointed Resident Director Lydia Boarlaza; and newly appointed joint Chief Executive Officer Alex Archila, who was until recently the President of Chevron Canada.
Tornado Gold Acquires Illipah Gold Prospect in White Pine County, Nevada From Golden Cycle Gold Corporation
RENO, Nev., Aug. 29, 2006 (PRIMEZONE) — Tornado Gold International Corp. (OTCBB:TOGI), a mineral exploration company focused exclusively on identifying and defining large-scale gold deposits in Nevada, acquired Golden Cycle Gold Corporation's Illipah gold prospect in White Pine County, Nevada, as of August 23, 2006. Tornado has agreed to phased payments to Golden Cycle, consisting of $50,000, which was paid on the signing the letter agreement, an additional $50,000 and 50,000 restricted shares of Tornado's common stock within 90 days thereafter, an additional 100,000 restricted shares of Tornado's common stock within a further 90 days, and a final tranche of 200,000 restricted shares of Tornado's common stock on August 23, 2007.
MDA Director to Ring the NASDAQ Stock Market Closing Bell
MEDIA ADVISORY, Aug. 29, 2006 (PRIMEZONE) –
NSTAR Selects Advanced Control Systems for Substation Upgrade Program
ATLANTA, Aug. 29, 2006 (PRIMEZONE) — Advanced Control Systems (ACS) announced today that it has been contracted by Boston-based electric and gas utility NSTAR to support an ongoing, multi-year substation automation upgrade program. NSTAR has been installing ACS substation managers for more than a year as part of a comprehensive initiative to improve service levels and reliability for its customers.
JetBlue Names Scott Green Vice President — Flight Operations
NEW YORK, Aug. 29, 2006 (PRIMEZONE) — JetBlue Airways (Nasdaq:JBLU) today is pleased to announce the appointment of Captain Scott Green as Vice President, Flight Operations for the low-fare, low-cost airline, effective October 1. Capt. Green, an A320 captain and current System Chief Pilot for JetBlue, joined the airline in 2001 as a line pilot after eight years with Comair, a regional airline based in Cincinnati, OH. Capt. Green has also previously held the positions of Chief Pilot-Cincinnati for Comair, Assistant Chief Pilot and Chief Pilot-JFK within JetBlue.
MoCA Adds Another Silicon Vendor In AMCC
SAN RAMON, Calif., Aug. 29, 2006 (PRIMEZONE) — Applied Micro Circuits Corporation (Nasdaq:AMCC) is adding to the silicon strength that now characterizes the Multimedia over Coax Alliance MoCA(tm)) by becoming its 10th silicon vendor.
