latest news releases from the newsroom
Stratus Services Group, Inc.
Stratus Services Group, Inc. Reports Profitable Results for First Six Months of Fiscal 2006 Ending March 31st 2006
MANALAPAN, N.J., July 17, 2006 (PRIMEZONE) -- Stratus Services Group, Inc. (OTCBB:SSVG), the SMARTSolutions(tm) Company (the "Company" or "Stratus"), a leading provider of technology staffing and technology productivity consulting, today reported that the Company was able to show a net profit for its first 6 months of fiscal 2006 due to its first quarter asset sale. The Company previously reported that they completed the necessary "trailing" effects of this process and began focusing on its new core business in IT Staffing. The profit was mostly attributed to the Company's discontinued operations; however, the Company reported that its March 31st ending quarter saw a significant reduction in its operational losses, which the Company believes will in turn lead to a net break even in profits from continued operations by the end of its June 30th quarter. Joseph J. Raymond, CEO commented, "Clearly we have turned the corner as far as operational profitability goes, although those results have not yet been impacted on our financial numbers through March 31st. We believe the results of the June ending quarter will validate our new business model. It still remains imperative that we continue working with our creditors so that the Company has ample time to get healthy once again."
EMS Technologies, Inc.
French Navy Maritime Patrol Selects EMS SATCOM Broadband for Video, High-Speed Data and Voice on Multi-Mission Maritime Aircraft
FARNBOROUGH, England, July 17, 2006 (PRIMEZONE) -- EMS SATCOM, a division of EMS Technologies, Inc. (Nasdaq:ELMG), and Eclipse, reported today that the French Navy ("Marine Nationale") has selected a team composed of France Telecom Mobile Satellite Communications and Eclipse to provide the EMS SATCOM eNfusion Broadband(tm) High-Speed Data solution for six of its Maritime Patrol aircraft, with an option for two more. The overall value of the project to equip the Atlantique II and Falcon-50 aircraft is $6.0 million, and the value of EMS SATCOM's portion of the project is worth approximately $2.3 million. This represents a collaborative effort between Eclipse and France Telecom to provide EMS SATCOM systems, airtime, and post-sales support to Marine Nationale with a fixed monthly-fee financing package over five years.
CSG Systems Names Mike Scott Chief Operating Officer
ENGLEWOOD, Colo., July 17, 2006 (PRIMEZONE) -- Leading customer care and billing solutions provider CSG Systems (Nasdaq:CSGS) today announced that it has promoted Mike Scott to executive vice president and chief operating officer. Scott, whose previous title was executive vice president and president of Broadband Services, will maintain his responsibility for the day-to-day operations, customer delivery and support, and development functions, reporting to president and chief executive officer Ed Nafus.
First Equity Group
StockMarketNewsAlert.com Issues Updated Trade Alert for China Direct Trading Corporation
POMPANO BEACH, Fla., July 17, 2006 (PRIMEZONE) -- StockMarketNewsAlert.com issues trade alert for China Direct Trading Corporation (OTCBB:CHDT). According to M. D'Alonzo at First Equity Group Inc., recent news flow from the company has been very positive, "The company announced that its subsidiary, Overseas Building Supply received a Notice of Proposed Action from the Dade County Product Control Division, which governs the product review process in Dade and Broward Counties, Florida. The Notice, dated June 30th, is a 20-day approval notice for OBS' clay double roll roofing tile No. 06-0407.05. This grants OBS the exclusive right to import and sell these clay roof tiles."
Surge Global Energy, Inc.
Signet Energy Inc. to Drill Three Additional Wells At Sawn Lake
SAN DIEGO, July 17, 2006 (PRIMEZONE) -- Surge Global Energy, Inc. (OTCBB:SRGG), a major shareholder of Signet Energy, Inc. ("Signet"), the operator of the Sawn Lake Oil Sands Development, today announced the Government of Alberta has issued the required licenses to drill the next three vertical and horizontal wells in the Bluesky Formation of the Sawn Lake area.
KOKO Petroleum, Inc.
KOKO Petroleum, Inc. Announces Participation in Drilling of a Barnett Shale Horizontal Well
LAS VEGAS, July 17, 2006 (PRIMEZONE) -- KOKO Petroleum, Inc. (Pink Sheets:KKPT) is pleased to announce that it has participated in the drilling of the first Barnett Shale Horizontal well -- the Inglish No. 1H. Drilling commenced on June 30, 2006 and as of this date, 7,500 vertical feet have been drilled. KOKO has acquired a 1 percent working interest. This well is located in the Barnett Shale play of the Fort Worth Basin, Texas and is operated by Rife Operating, Inc. The total vertical depth of the well will be approximately 8,000' and the lateral portion of the well will extend for approximately 2,000'.
FierceMarkets Launches FierceHealthIT
WASHINGTON, July 17, 2006 (PRIMEZONE) -- In an expansion of its commitment to serving healthcare executives, FierceMarkets (www.fiercemarkets.com) today launched a new informational resource called FierceHealthIT (http://www.fiercehealthit.com). This weekly newsletter and complementary Web site provide a one-stop source of actionable news, tips, and trends on