Magnetek, Inc. (NYSE:MAG) announced that the New York Stock Exchange (“NYSE”) notified the that it had accepted the Company's proposed plan for continued listing on the NYSE. The Listings and Compliance Committee (the “Committee”) of the NYSE has chosen, at its discretion, to truncate the plan period for regaining compliance with the continued listing standards from 18 months to 12 months, given the Company’s recurrence of having fallen below the continued listing standards.
As a result of the NYSE's acceptance of Magnetek's plan, the Company's stock will continue to be listed on the NYSE, pending quarterly reviews by the Committee to assess progress against the plan. The Company has until June 2011 to regain compliance with the NYSE’s continued listing standards.
Magnetek, Inc. provides digital power control systems North America. Its systems control motion and power primarily in material handling, elevator, and energy delivery applications. The company offers power control and delivery systems and solutions for overhead material handling applications used in industries, such as aerospace, automotive, steel, aluminum, paper, logging, mining, ship loading, nuclear power plants, locomotive yards, and heavy movable structures.
Corporate Universe Inc. Unveils Operations and Expansion Plans
Corporate Universe Inc. (Pink Sheets:COUV) is pleased to announce the following corporate and operational matters to its shareholders and followers.
- COUV is opening its new corporate office at 3771 Nesconset Highway, South Setauket, NY, effective October 4, 2010. The new office will allow the Company to operate all of its divisions and subsidiaries in a centrally located place. Manhattan Transfer Registrar Company will continue to be located in Miller Place.
- Now that the corporate changes are fully implemented, including the name change to Corporate Universe Inc., trading under the symbol (Pink Sheets:COUV), and the forward split of 10 new shares for each old share of common stock, the company is ready for business and intends to keep its followers advised on a timely basis.
COUV corporate website, www.corp-universe.com, went live just recently, and has officially been launched!
The management will continue to update and improve it over the coming weeks.
The Company has formally retained Mina Mar Marketing Group Inc. as its Investor relations (NYSE:IR) firm.
John Ahearn, President, stated, "In a few short weeks we have made great strides in getting our company reorganized and moving forward.
I believe that many great things are in store for Corporate Universe Inc. in the future and all of us are working very hard and diligently to make it happen.
As part of our growth strategy COUV intends to grow the company both organically and through mergers of successful companies in our business industry or business space.
COUV management and the Mina Mar Group Mergers and Acquisition Division will be meeting to discuss potential business opportunities and candidates in the near future."
More updates will be provided shortly!!
Haverty Furniture Companies Inc. (NYSE:HVT) board of director’s meeting held on November 9, 2010, the directors declared a one-time cash dividend to be paid on the two classes of $1 par value common stock of the company, payable Monday, December 6, 2010 to stockholders of record at the close of business on Friday, November 19, 2010, at a rate of $0.100 per share on the outstanding shares of Common Stock (Cusip #419596101) and $0.095 per share on the outstanding shares of Class A Common Stock (Cusip #419596200).
Haverty Furniture Companies, Inc., together with its subsidiaries, operates as a specialty retailer of residential furniture and accessories in the United States. The company’s products include living room furniture, bedroom furniture, dining room furniture, bedding, and other accessories. It offers its products primarily under the Havertys brand name, as well as provides bedding product lines under the Sealy, Serta, and Tempur-Pedic brand names.
Cenveo Inc. (NYSE:CVO) announced recently the results for the three and nine months ended October 2, 2010. For the three months ended October 2, 2010, net sales increased approximately 1.6% to $455.1 million, as compared to $448.0 million in the third quarter of 2009, primarily due to the Nashua acquisition, offset by having one less week in the third quarter of 2010 as compared to the same prior year period. On a comparative basis, the Company estimates that net sales increased by approximately 9.4% over the same prior year period when adjusting for the extra week in 2009.
For the nine months ended October 2, 2010, net sales increased approximately 7.7% to $1.4 billion, as compared to $1.3 billion in the nine months ended October 3, 2009, primarily due to the Nashua acquisition.
Cenveo, Inc. operates as a diversified printing company in North America. The company operates through two segments, Envelopes, Forms, and Labels; and Commercial Printing. The Envelopes, Forms, and Labels segment engages in the design, manufacture, and printing of custom labels and specialty forms sold through a network of resale distributors for industries, including food and beverage, manufacturing, and pharmacy chains.
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