latest news releases from the newsroom
Eagle Bulk Shipping Inc.
Eagle Bulk Shipping Inc. Secures Four Index Based Charters
NEW YORK, July 30, 2009 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (Nasdaq:EGLE) today announced that it has chartered four of its Supramax vessels at rates that are tied to the Baltic Supramax Index ("BSI") which provides Eagle with the flexibility of earning strong rates in the spot market while retaining the stability of a one year charter.
P.A.M. Transportation Services, Inc.
P.A.M. Transportation Services, Inc. Announces Results for the Second Quarter Ended June 30, 2009
TONTITOWN, Ark., July 30, 2009 (GLOBE NEWSWIRE) -- P.A.M. Transportation Services, Inc. (Nasdaq:PTSI) today reported net loss of $2,356,317 or diluted and basic loss per share of $0.25 for the quarter ended June 30, 2009, and net loss of $5,702,244 or diluted and basic loss per share of $0.61 for the six month period then ended. These results compare to a net loss of $1,331,719 or diluted and basic loss per share of $0.14, and net loss of $4,160,044 or diluted and basic loss per share of $0.43, respectively, for the three and six months ended June 30, 2008.
Omnicity Appoints New Chief Operating Officer
RUSHVILLE, Ind., July 30, 2009 (GLOBE NEWSWIRE) -- Omnicity Corp. (OTCBB:OMCY) has named David Bradford as the Chief Operating Officer, replacing Greg Jarman who was promoted to Chief Executive Officer last month. Mr. Bradford joined Omnicity in early 2008 on a consulting basis to help guide Omnicity through the transition to a public company and into an aggressive growth mode over the last fifteen months. He has served as the Vice President of Corporate Development since February 2009. "We are excited to have David Bradford on our team and lend his years of experience in managing the acquisition and growth process of the Company. He has been instrumental in our strategic plan to become a major consolidator of the rural market broadband industry nationwide," stated Greg Jarman, CEO of Omnicity.
RAM Energy Resources, Inc.
RAM Energy Resources, Inc. Announces Second Quarter Production, Asset Sales, Increased Project Inventory; Reaffirms Annual Guidance
TULSA, Okla., July 30, 2009 (GLOBE NEWSWIRE) -- RAM Energy Resources, Inc. (Nasdaq:RAME) today announced production for the quarter ended June 30, 2009 was 652,000 barrels of oil equivalent (BOE) compared to production in the year-ago quarter of 644,000 BOE. Daily production in the second quarter 2009 averaged 7,165 BOE, a 1.2 percent increase over last year's second quarter volume, principally as a result of increased volumes from its "mature oil fields" resulting from oil focused activity during 2009 and drilling activity in the second half of last year.
Rex Energy Corporation
Rex Energy Corporation Announces Second Quarter of 2009 Results
STATE COLLEGE, Pa., July 30, 2009 (GLOBE NEWSWIRE) -- Rex Energy Corporation ("Rex Energy") (Nasdaq:REXX) today announced second quarter of 2009 results. Production averaged 2,595 BOEs per day, which was 78% oil and 22% natural gas. Realized gas prices after adjustment for cash settled derivatives were $6.45 per mcf, versus $9.95 per mcf in the prior year quarter. Realized oil prices after adjustment for cash settled derivatives were $60.05 per bbl, versus $81.27 per bbl in the prior year quarter. As a result, oil and gas sales including cash settled derivatives declined 28% to $13.1 million. EBITDAX, a non-GAAP measure, declined 51% to $4.1 million. The company recorded a loss for the quarter of $9.4 million, or $0.26 per share. Adjusting for certain non-cash items, net loss comparable to analyst estimates was $2.6 million, or $0.07 per share.
Beacon Federal Bancorp, Inc.
Beacon Federal Bancorp, Inc. Announces Financial Results for the 2nd Quarter of 2009
EAST SYRACUSE, N.Y., July 30, 2009 (GLOBE NEWSWIRE) -- Beacon Federal Bancorp, Inc. ("the Company") (Nasdaq:BFED) announced today net income for the quarter ended June 30, 2009 of $694,000, compared to net income of $833,000 for the quarter ended June 30, 2008. Basic and diluted earnings per share for the quarters ended June 30, 2009 and 2008 were $0.11 and $0.12, respectively. Highlights for the quarter ended June 30, 2009 were as follows: