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Maine & Maritimes Corporation Announces Second-Quarter Results
Aug 8, 2008
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PRESQUE ISLE, ME, Aug 08, 2008 (MARKET WIRE via COMTEX News Network) -- Maine & Maritimes Corporation (AMEX: MAM) today reported a net loss for the 2008 second quarter of $68,000, and net income year to date of $1.9 million compared with prior year's net loss for the second quarter of $377,000 and net income for prior year to date of $974,000. ...
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Transmission Rate Incentives Requested for Maine Power Connection
Jul 25, 2008
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PRESQUE ISLE, ME, Jul 25, 2008 (MARKET WIRE via COMTEX News Network) -- Officials at Maine Public Service Company (MPS), a subsidiary of Maine & Maritimes Corporation (AMEX: MAM), and Central Maine Power Company (CMP) submitted a joint petition to the Federal Energy Regulatory Commission (FERC) on July 18, 2008, requesting authorization for tra...
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Maine & Maritimes Corporation Added to Russell Microcap Index
Jul 16, 2008
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PRESQUE ISLE, ME, Jul 16, 2008 (MARKET WIRE via COMTEX News Network) -- Maine & Maritimes Corporation (AMEX: MAM) today announced it has been added to the Russell Microcap Index after the Russell Investment Group reconstituted its comprehensive set of U.S. and global equity indexes on June 27, 2008.
Russell indexes are widely used by invest...
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Maine Public Service and Central Maine Power to Invest up to $500 Million in Northern Maine
Jul 1, 2008
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AUGUSTA, ME, Jul 01, 2008 (MARKET WIRE via COMTEX News Network) -- Brent Boyles, President and CEO of Maine Public Service Company (AMEX: MAM) (MPS), and Sara Burns, President of Central Maine Power Company (CMP), today announced plans to construct a 345 kilovolt (345 kV) transmission line from central Maine to Northern Aroostook County.
The Ma...
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Maine & Maritimes Corporation Announces Improved First-Quarter Results
May 12, 2008
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PRESQUE ISLE, ME, May 12, 2008 (MARKET WIRE via COMTEX News Network) -- Maine & Maritimes Corporation (AMEX: MAM) reported consolidated first-quarter 2008 basic net income of $1.17 per share, or $1.97 million, compared to first-quarter 2007 income of $0.82 per share, or $1.35 million. The main drivers of the improved earnings were cost reductions a...
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MAM Divests Interest in Canadian Real Estate
Apr 18, 2008
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PRESQUE ISLE, ME, Apr 18, 2008 (MARKET WIRE via COMTEX News Network) -- Officials at Maine & Maritimes Corporation (AMEX: MAM) today announced that MAM has divested its remaining 50% ownership in Maricor Properties, Ltd. ("MPL"), a Canadian real estate development and investment company. The transaction was accomplished through a Redemption Agreeme...
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MPS and CMP Report on Preliminary Findings of Maine Power Connection Feasibility Study
Apr 10, 2008
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PRESQUE ISLE, ME, Apr 10, 2008 (MARKET WIRE via COMTEX News Network) -- Leaders of Maine Public Service Company (MPS), a subsidiary of Maine & Maritimes Corporation (AMEX: MAM), and Central Maine Power Company (CMP), a subsidiary of Energy East, today reported on the preliminary conclusions of the Maine Power Connection (MPC) feasibility study. The...
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Maine & Maritimes Corporation Announces Fourth-Quarter and Year-End Earnings Results
Mar 14, 2008
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PRESQUE ISLE, ME, Mar 14, 2008 (MARKET WIRE via COMTEX News Network) -- Maine & Maritimes Corporation (AMEX: MAM) reported consolidated fourth-quarter 2007 basic net income of $0.66 per share, or $1.13 million, compared to a fourth-quarter 2006 loss of $1.85 per share, or $3.03 million. For the year 2007, MAM reported $1.63 million of net income, c...
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Maine & Maritimes Corporation Announces Third-Quarter Earnings Results
Nov 9, 2007
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PRESQUE ISLE, ME, Nov 09, 2007 (MARKET WIRE via COMTEX News Network) -- Maine & Maritimes Corporation (the "Corporation" or "MAM") (AMEX: MAM) reported a consolidated third quarter 2007 basic loss of $0.28 per share, or $470,000 compared to a third quarter 2006 loss of $1.90 per share, or $3.11 million. Year to date, MAM reported $503,000 of net in...
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Maine & Maritimes Corporation Streamlines Organization
Sep 13, 2007
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PRESQUE ISLE, ME, Sep 13, 2007 (MARKET WIRE via COMTEX News Network) -- Officials at Maine & Maritimes Corporation (AMEX: MAM) today announced that several organizational changes have been made to streamline and reorganize the Company into two divisions, Operations and Finance; reduce Senior Management staffing; and focus on utility core competenci...
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MAM Sells New Brunswick Division of The Maricor Group
Jun 25, 2007
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PRESQUE ISLE, ME, Jun 25, 2007 (MARKET WIRE via COMTEX News Network) -- Officials at Maine & Maritimes Corporation (AMEX: MAM) today announced that the assets of the New Brunswick Division of The Maricor Group, Canada Ltd ("TMGC") have been sold to Toronto-based MCW Consultants Ltd.
This transaction completes the divestiture of the assets of TM...
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MAM Sells Halifax Division of The Maricor Group
Jun 18, 2007
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PRESQUE ISLE, ME, Jun 18, 2007 (MARKET WIRE via COMTEX News Network) -- Officials at Maine & Maritimes Corporation (AMEX: MAM) today announced that the assets of the Halifax, Nova Scotia Division of The Maricor Group, Canada Ltd ("TMGC") have been sold to M & R Engineering Limited. M & R Engineering is owned by Denis A. Morris, the previous Vice Pr...
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Maine & Maritimes Corporation Announces Director and Officer Elections
May 11, 2007
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PRESQUE ISLE, ME, May 11, 2007 (MARKET WIRE via COMTEX News Network) -- Maine & Maritimes Corporation (the "Company" or "MAM") (AMEX: MAM) reported that during the Company's Annual Organization Meeting held on May 8, 2007, the shareholders of Maine & Maritimes Corporation elected the following Class II Directors for terms expiring in 2010: Richard ...
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Maine & Maritimes Corporation Reports Improved First Quarter 2007 Results
May 7, 2007
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PRESQUE ISLE, ME, May 07, 2007 (MARKET WIRE via COMTEX News Network) -- Maine & Maritimes Corporation (the "Company" or "MAM") (AMEX: MAM) reported a consolidated first quarter 2007 basic earnings per share of $0.82, or $1.35 million compared to a first quarter 2006 earnings of $0.33 per share, or $533,000. Several factors contributed to the improv...
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Maine & Maritimes to Present at Wall Street Access Midwest Utilities Seminar in Chicago
Apr 9, 2007
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PRESQUE ISLE, ME, Apr 09, 2007 (MARKET WIRE via COMTEX News Network) -- Maine & Maritimes Corporation (AMEX: MAM) announced today that Michael I. Williams, Senior Vice President and Chief Financial Officer, and Annette N. Arribas, Vice President, Investor Relations, Corporate Compliance and Treasurer, will present at this year's Wall Street Access ...
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MAM to Sell Assets of Maricor Technologies
Mar 23, 2007
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PRESQUE ISLE, ME, Mar 23, 2007 (MARKET WIRE via COMTEX News Network) -- Officials at Maine & Maritimes Corporation (AMEX: MAM) today announced that MAM signed an agreement on March 16, 2007, with HCI Systems Asset Management, LLC ("HCI") to sell substantially all of the assets of Maricor Technologies, Inc. ("MTI"), the technology subsidiary of MAM ...
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Brent M. Boyles Appointed President and CEO of Maine & Maritimes Corporation
Mar 19, 2007
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PRESQUE ISLE, ME, Mar 19, 2007 (MARKET WIRE via COMTEX News Network) -- The Board of Directors of Maine & Maritimes Corporation (AMEX: MAM) today announced that Brent M. Boyles has been selected to become the organization's next President and CEO, effective May 8, 2007. Following the Corporation's May Annual Meeting of Shareholders, Boyles will as...
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Maine & Maritimes Corporation Reports Fourth Quarter and Year-End 2006 Results
Mar 16, 2007
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PRESQUE ISLE, ME, Mar 16, 2007 (MARKET WIRE via COMTEX News Network) -- Maine & Maritimes Corporation (AMEX: MAM) today announced results for the year and three months ended December 31, 2006. The Company also announced that it is pursuing a divestiture of its unregulated business lines, and returning to a focus on the regulated utility segment of ...
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New Electric Transmission Line Being Considered to Directly Connect Northern Maine to the Rest of the State
Mar 1, 2007
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PRESQUE ISLE, ME, Mar 01, 2007 (MARKET WIRE via COMTEX News Network) -- Officials at Maine & Maritimes Corporation (AMEX: MAM) confirmed today that its subsidiary Maine Public Service Company and Central Maine Power have agreed to study the feasibility of a new power transmission line that would directly connect the Aroostook County power grid to t...
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Brian Hamel Named to Board of Directors of Maine & Maritimes Corporation
Jan 31, 2007
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PRESQUE ISLE, ME, Jan 31, 2007 (MARKET WIRE via COMTEX News Network) -- Officials at Maine & Maritimes Corporation (AMEX: MAM), announced today that Brian N. Hamel has been appointed to the Board of Directors as of January 30, 2007. Hamel is currently an equity owner of the Presque Isle-based financial services firm of Thompson-Hamel, LLC, providin...
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