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Journal Register Company (PINKSHEETS: JRCO | Quote | Chart | News | PowerRating) closed at $0.014 Friday, trading 192,718 shares.
Company News- November 14, 2008: Editor & Publisher and Crain's Detroit Business Erroneously Report Details of Journal Register Company Newspaper Sale
On Friday the following was announced:
Journal Register Company (the "Company") (PINKSHEETS: JRCO | Quote | Chart | News | PowerRating) noted that Editor & Publisher magazine's online edition erroneously reported that The New Haven Register and The Macomb Daily were part of the planned sale of publications by the Company. The Company yesterday had issued a press release announcing that it had begun the sale process for certain of its publications, but did not identify the publications. To be clear, The New Haven Register and The Macomb Daily are not for sale. The article also erroneously indicated that the Company is in default on its loans, when in fact the Company is working with its lenders pursuant to a forbearance agreement. In a separate online article, Crain's Detroit Business erroneously identified additional publications as being a part of the sale process.
About Journal Register Company
Journal Register Company owns 22 daily newspapers, approximately 300 non-daily publications and operates 239 individual Web sites that are affiliated with the Company's daily newspapers, non-daily publications and its network of employment Web sites. These Web sites can be accessed at www.JournalRegister.com. All of the Company's operations are strategically clustered in six geographic areas: Greater Philadelphia; Michigan; Connecticut; Greater Cleveland; and the Capital-Saratoga and Mid-Hudson regions of New York. The Company also owns JobsInTheUS, a network of 20 employment Web sites.
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Sitestar Corporation (OTCBB: SYTE | Quote | Chart | News | PowerRating) closed at $0.079 Friday, trading 33,200 shares.
Company News- November 14, 2008: Sitestar Reports Third Quarter 2008 Earnings
On Friday, Sitestar Corporation (OTCBB: SYTE), a provider of residential, business and wholesale Internet access, web hosting and value-added products and services, reported quarterly results for the quarter ended September 30, 2008. The Company continued to deliver on its growth strategy, eclipsing Fiscal Year 2007 net income for the nine months ended September 30, 2008 and acquiring Velocity West, a Texas-based Internet Service Provider (ISP) and wholesale managed modem solution provider. Financial highlights for the quarter include:
To read the full news release, go to www.stockprofiler.us, and click the Headline link after entering the ticker symbol.
About Sitestar
Sitestar is an Internet solutions provider that offers consumer and business-grade Internet access, wholesale managed modem services for downstream ISPs and Web hosting. Headquartered in Lynchburg, Virginia, Sitestar maintains multiple sites of operation and provides services to customers throughout the U.S. and Canada. With a focus on competitive pricing, reliability, service and speed, Sitestar delivers customer value. For more information, visit www.sitestar.com.
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