Briefs

SSN Staff  - 
Monday, March 1, 2004

Bresina to head Eagle Broadband’s security division

LEAGUE CITY, Texas - Eagle Broadband has hired industry veteran Don Bresina as general manager of security and financial services. In this newly created position, Bresina will be responsible for leading Eagle’s security division, the company’s strategic business investment and mergers and acquisitions activities, as well as assisting Eagle’s broadband customers with their financing needs.

Bresina will continue to serve as chairman of private investment group Sweetwater Ventures LLC, which focuses on strategic investments in electronic alarm monitoring. That group has made five acquisitions in the past 18 months.
Brink’s to pay dividend

RICHMOND, Va. - The board of directors for The Brink’s Co. has declared a regular quarterly dividend of 2.5 cents per share on its common stock. The dividend is payable on March 1 to shareholders of record as of Feb. 17.

Brink’s posted a loss of 44 cents a share, or $25 million in the fourth quarter because of discontinued operations and a large tax charge, according to the company.

Despite the loss, Brink’s posted fourth-quarter revenues of $1.11 billion, which were up 12 percent over the previous year. Pre-tax income from continuing operations was $56.5 million, compared with $20.6 million a year earlier.
Microtec faces possible de-listing

TORONTO - The Toronto Stock Exchange is reviewing the subordinate voting shares of Microtec Enterprises Inc. to determine if the company continues to meet the exchange’s listing requirement.

In late January, the company was given 120 days in which to regain compliance with these requirements or face de-listing from the exchange. At press time, its shares were trading at around 50 cents.