latest news releases from the newsroom
Zoom Technologies, Inc.
Zoom Technologies - Late Filing of 2013 Annual Report
BEIJING, April 18, 2014 (GLOBE NEWSWIRE) -- Zoom Technologies, Inc. (Nasdaq:ZOOM) (the "Company") today announced it is late in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2013 (the "2013 Annual Report") with the US Securities and Exchange Commission. The primary cause of the delay in filing its 2013 Annual Report is attributable to a correction of an error in the application of accounting principles related to the Company's former 50.1% investment in Portables Unlimited, LLC. While the Company has already disposed of its investment, the Company believes it necessary to properly account for its prior investment; therefore, the Company will prospectively, in its forthcoming 2013 Annual Report, revise the figures for its financial position as of December 31, 2012 and related results of operations and cash flows for the year then ended. Net income and loss per share in 2012 were unaffected by these corrective revisions.
Star Buffet, Inc.
Casa Bonita Denver Obtains Lease Extension
SCOTTSDALE, Ariz., April 18, 2014 (GLOBE NEWSWIRE) -- Star Buffet, Inc. (STRZ.PK) was informed yesterday that the JCRS Shopping Center (the center where Casa Bonita-Denver operates) has been sold to BSV Lamont JCRS, LLC. ("BSV Lamont"). Prior to the sale of the JCRS Shopping Center, Casa Bonita-Denver had been operating on a month-to-month lease. Unfortunately, as of yet, management has not received a lease renewal proposal from BSV Lamont that permits Casa Bonita-Denver to continue to operate profitably. BSV Lamont did agree, however, to provide Casa Bonita-Denver a short-term extension so that lease negotiations can continue. Hopefully, the two parties will be able to reach an accord that will allow Casa Bonita-Denver, which recently celebrated its 40th anniversary, to operate in Lakewood, Colorado for many years to come.
Kentucky First Federal Bancorp
Kentucky First Federal Bancorp Announces Payment of Quarterly Dividend
HAZARD, FRANKFORT, DANVILLE, and LANCASTER, Ky., April 18, 2014 (GLOBE NEWSWIRE) -- Kentucky First Federal Bancorp (Nasdaq:KFFB) the holding company for First Federal Savings and Loan Association of Hazard, Kentucky and First Federal Savings Bank of Frankfort, Kentucky announced that the Company's Board of Directors declared a cash dividend of $0.10 per share payable on May 20, 2014, to shareholders of record on April 30, 2014. Tony Whitaker, Chairman of the Company, stated that the Board of Directors determined that the payment of the dividend was appropriate in light of the Company's capital position and financial condition.
Old Line Bancshares, Inc.
Old Line Bancshares, Inc. Reports $1.8 Million in Net Income Available to Common Stockholders, a 42.70% Increase, for the First Quarter Ended March 31, 2014
BOWIE, Md., April 18, 2014 (GLOBE NEWSWIRE) -- Old Line Bancshares, Inc. (Nasdaq:OLBK), the parent company of Old Line Bank, reported net income available to common stockholders increased $549,300 or 42.70% to $1.8 million for the three months ended March 31, 2014, compared to net income of $1.3 million for the three months ended March 31, 2013. Earnings were $0.17 per basic and diluted common share, respectively, for the three months ended March 31, 2014 and $.19 per basic and diluted common share for the same period in 2013. The increase in net income is primarily the result of a $2.5 million increase in net interest income, offsetting an increase of $1.9 million in non-interest expense.
Insight Enterprises, Inc.
Insight Enterprises, Inc. to Report First Quarter 2014 Financial Results on May 1, 2014
TEMPE, Ariz., April 18, 2014 (GLOBE NEWSWIRE) -- Insight Enterprises, Inc. (Nasdaq:NSIT) (the "Company") today announced that it will release financial results for the quarter ended March 31, 2014 following the close of the market on Thursday, May 1, 2014 and will also host a conference call and live webcast at 5:00 p.m. ET to discuss the results of operations. The live webcast and replays of the conference call can be accessed online through the investor relations section of our website, insight.com, at: