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Resource Capital Corp.: Resource Capital Corp. Issues Revised Balance Sheet for Year Ended December 31, 2008 NEW YORK, NY (MARKET WIRE) Resource Capital Corp. (NYSE: RSO) ('RCC' or the 'Company'). The Company today announced that it had revised the valuation of its commercial mortgage-backed securities ('CMBS'). This revision occurred after the Company had issued its March 3, 2009 press release announcing results of operations for the fourth quarter and year ended December 31, 2008 and before filing its annual report on Form 10-K with the Securities and Exchange Commission today. As a result, the Company has revised its balance sheet for the period ended December 31, 2008. The revision did not impact the Company's reported Market WireAbington Bancorp, Inc.: Abington Bancorp, Inc. Announces Share Repurchase Plan JENKINTOWN, PA (MARKET WIRE) Abington Bancorp, Inc. (the 'Company') (NASDAQ: ABBC), the parent holding company for Abington Bank (the 'Bank'), announced today that it will commence a share repurchase program for up to 5% of its outstanding shares, or 1,104,168 shares. The shares may be purchased in the open market or in privately negotiated transactions from time to time depending on market conditions and other factors over a one-year period. Repurchases are expected to commence promptly. The initiation of this share repurchase plan follows the completion of our previous share repurchase plan in March 2009, under which Market WireCentral Alberta Well Services Announces Revisions to Financial Statements CALGARY, ALBERTA--(Marketwire - March 16, 2009) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.Central Alberta Well Services ('CWC' or the 'Company') (TSX VENTURE:CWC.A) advises that it will be restating its financial statements for the three month periods ending March 31, 2007, June 30, 2007, September 30, 2007 and the annual results ending December 31, 2007. The Company will also restate the three month periods ending March 31, 2008, June 30, 2008 and September 30, 2008. The nature of this restatement is a change in the accounting for warrants issued to Brookfield Bridge Lending Fund Inc. in January, 2007 during the refinancing of the long-term debt facility with the Company. These warrants were issued with an exercise price of $0.825 per warrant and contain a cash settlement provision or 'put' in the amount of $0.10 per unexercised warrant at the end of the term which is January 25, 2010. This restatement is strictly a non Market WireNatural Health Trends Announces Net Income for the Fourth Quarter 2008 DALLAS, TX--(Marketwire - March 16, 2009) - Natural health Trends Corp. (NASDAQ: BHIP) todayannounced its financial results for the quarter ended December 31, 2008.The company reported sales of $11.1 million and net income of $229,000,after de-recognizing $2.2 million in past year commission liabilities inthe fourth quarter of 2008.Chris Sharng, the company's president, said, 'We had a strong finish forthe year 2008. Our deferred revenue, which represents orders not shippedas of December 31, was higher than at the end of the third quarter. We arealso excited about the current momentum our Greater Chinese members havegenerated, following a prolonged Chinese New Year festival period thateffectively reduced the number of working days in January and February ofthis year.' Market WireNike Inc. to report fiscal 3rd-quarter results PORTLAND, Ore. (AP) - Nike Inc. is scheduled to report earnings for its fiscal third quarter on Wednesday after the market closes. The following is a summary of key developments and analyst opinion related to the period. AOL`Gross brutality during terrorism raid` Metropolitan police say officers used reasonable force during arrest of Babar AhmadA British Muslim man accused of raising funds for terrorism was punched, kicked and strangled during his arrest by specialist officers from the Metropolitan police, the high court in London heard today.The court was told that Babar Ahmad, who is suing the police, was dragged from his bed and rammed against a window before being repeatedly beaten by officers dressed in riot gear during his arrest in December 2003.During what his counsel Phillippa Kaufmann described as a 'prolonged and violent series of gratuitous assaults' the 34-year-old IT support analyst claims officers forced him into the Muslim prayer position before shouting 'Where is your God now? . Pray to him.'Kaufmann said: 'The acts of the officers were ones of gross brutality, intended to humiliate and debase the claimant and to make him fear for his life. The officers engaged over a prolonged period in extreme, sadistic and dangerous acts of GuardianXO Holdings Reports Fourth Quarter and 2008 Financial Results HERNDON, VA--(Marketwire - March 16, 2009) - XO Holdings, Inc. (OTCBB: XOHO) today announcedits fourth quarter and full year 2008 financial and operational results,reporting year-over-year growth in revenue, adjusted EBITDA and net income.Total revenue for the fourth quarter of 2008 was $375.2 million, anincrease of $11.5 million, or 3.2 percent, compared to the same period lastyear. Overall, total 2008 revenue was $1.478 billion, an increase of $48.9million, or 3.4 percent, compared to 2007. The increase in revenue for boththe fourth quarter and full year was driven by growth in Data and IPservices, which is a strategic area of focus for the company as ittransitions to profitable higher-growth services. Market WireSupertel Hospitality Reports 2008 Fourth Quarter, Full-Year Results NORFOLK, NE--(Marketwire - March 16, 2009) - Supertel Hospitality, Inc. (NASDAQ: SPPR), areal estate investment trust (REIT) which owns 123 hotels in 24 states,today announced its results for the fourth quarter and year ended December31, 2008.Revenues from continuing operations for the 2008 fourth quarter decreasedslightly, 0.2 percent to $26.6 million, compared to the year-ago period,and rose 12.7 percent to $121.9 million for the full year. Net incomeavailable to common shareholders was $3.0 million, or $0.14 per dilutedshare, for the 2008 fourth quarter, compared to a loss of $(0.6) million,or $(0.03) per diluted share, in the 2007 same quarter. For the full year2008, net income available to common shareholders increased 75.6 percent to$5.5 million from $3.1 million in 2007, primarily attributable to the netproceeds derived from the sale of two hotels in December 2008. Market WireAbraham, Fruchter & Twersky, LLP Announces That It Has Been Retained to File a Class Action Lawsuit Against Oppenheimer Funds Regarding Its Rochester National Municipals Fund NEW YORK, NY--(Marketwire - March 16, 2009) - Abraham, Fruchter & Twersky, LLP has beenretained to file a class action lawsuit against Oppenheimer Funds on behalfof purchasers of the Rochester National Municipals Fund ('Rochester' or the'Fund') (NASDAQ: ORNAX) (NASDAQ: ORNBX) (NASDAQ: ORNCX) from March 13, 2006through October 21, 2008 (the 'Class Period'). A lawsuit has already beenfiled in the United States District Court for the District of Colorado. Market WireDyer & Berens LLP Files Class Action Lawsuit on Behalf of Investors Who Purchased or Acquired Colonial BancGroup, Inc. Securities Between 1/23/08 and 1/27/09; Announces Upcoming Investor Deadline DENVER, CO--(Marketwire - March 16, 2009) - Dyer & Berens LLP (www.DyerBerens.com) todayannounced that it has filed a class action lawsuit in the United StatesDistrict Court for the Middle District of Alabama on behalf of The ColonialBancGroup, Inc. ('Colonial' or the 'Company') (NYSE: CSB) (NYSE: CNB)investors who purchased or otherwise acquired the Company's securitiesbetween January 23, 2008 and January 27, 2009, inclusive (the 'ClassPeriod'). The complaint charges Colonial and certain of its officers anddirectors with violations of the federal securities laws. Market Wire1 2 |
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