latest news releases from the newsroom
Industrivarden Remains as Owner of Isaberg Rapid
STOCKHOLM, Sweden, May 06, 2004 (PRIMEZONE) -- During the spring of 2004 Industrivarden evaluated a sale of its wholly owned subsidiary Isaberg Rapid. Since the submitted bids are below what Industrivarden considers to the company's long-term value, the decision has been made to break off the sales process.
Lorraine Evanoff Productions
Rabble-Rousing 'Liberty Bound' Spooks American Distributors
LOS ANGELES, May 5, 2004 (PRIMEZONE) -- "Liberty Bound", the incendiary activist documentary by Christine Rose that examines the countrywide loss of civil liberties in the wake of 9/11, continues to seek a distributor in this country, despite overwhelmingly positive reaction at such competitions as The Artivist Film Festival in Hollywood and The People's International Inquiry of 9/11 in San Francisco. French distributor, Take Off, purchased the film for $250,000 at Cannes last year. Now with the controversy over Michael Moore's "Fahrenheit 911", U.S. distribution seems even more unlikely.
Scientific Industries, Inc. Anticipates Improved Operating Results for Three and Nine Months Ended March 31, 2004 and Announces Termination of Proposed Acquisition
BOHEMIA, N.Y., May 5, 2004 (PRIMEZONE) -- Ms. Helena Santos, Chief Executive Officer of Scientific Industries, Inc. (OTCBB:SCND) announced today that the Company expects to report that its earnings for its three and nine month periods ended March 31, 2004 are substantially higher than the prior year's comparable periods. The Company expects for the three months ended March 31, 2004 an 8% increase in revenues to approximately $855,000, and double the net income to approximately $48,000 ($.05 per share) as compared to revenues of $792,000 and net income of $23,800 ($.02 per share) for the same quarter last year. For the nine months ended March 31, 2004, the Company expects a 5% increase in revenues to approximately $2,600,000, and an approximate 500% increase in net income to approximately $139,000 ($.14 per share) as compared with revenues of $2,476,600 and net income of $23,500 ($.02 per share) for the nine months ended March 31, 2003.
Geller Rudman, PLLC
Geller Rudman Announces Class Action Lawsuit Against Quovadx, Inc. on Behalf of Investors -- QVDX
NEW YORK, May 5, 2004 (PRIMEZONE) -- The Law Firm of Geller Rudman, PLLC announced today that a class action lawsuit has been filed in the United States District Court for the District of Colorado on behalf of purchasers of Quovadx, Inc. ("Quovadx" or the "Company") (Nasdaq:QVDX) publicly traded securities during the period between October 22, 2003 and March 15, 2004, inclusive (the "Class Period"). A copy of the complaint filed in this action is available from the Court, or can be viewed on the firm's website at http://www.geller-rudman.com/view_case.asp?cID=261&pcode=10&pp=4.
Port of Houston Authority
Federal Court Delivers Favorable Ruling On Bayport
HOUSTON, May 5, 2004 (PRIMEZONE) -- The Port of Houston Authority (PHA) today welcomed U.S. District Court Judge Vanessa Gilmore's ruling on the motions for summary judgment that had been filed by the U.S. Army Corps of Engineers, PHA, and the opponents of PHA's Bayport Container and Cruise Terminal project. The court ruling grants the Corps' and PHA's motions and denies the opponents' motion, thereby dismissing the challenge to the Bayport permit. According to the court's ruling, "The court finds that the actions of the Corps fully considered and complied with the requirements of the National Environmental Policy Act and the Clean Water Act."
K-9 Detection Smells Success with Marketing Help from Five Sparrows
CARLETON, Mich., May 5, 2004 (PRIMEZONE) -- K-9 Detection, a specialized security company that provides highly trained canines for black mold, drug, and bomb detection, today announced a new marketing services agreement with Five Sparrows, LLC of Hartland, Michigan. Five Sparrows will be providing marketing services including a new web site, search engine optimization services, press releases, print advertising, and a variety of other marketing initiatives to help K-9 Detection reach a wider audience and gain greater visibility throughout Michigan and northern Ohio.