latest news releases from the newsroom
Aveta Reports 2006 First Quarter Results
NEW YORK, May 15, 2006 (PRIMEZONE) -- Aveta Inc., one of the largest companies focusing on Medicare Advantage and a leader in addressing the healthcare needs of the chronically ill, reported today that revenues for the first quarter of 2006 totaled $293.7 million, an increase of 43.2% over pro forma revenues of $205.1 million for the first quarter of 2005. Earnings before interest, taxes, depreciation and amortization (EBITDA) grew 78.9% to $31.3 million in Q1 2006, compared to pro forma EBITDA of $17.5 million in Q1 2005. Adjusted first quarter earnings were $0.18 per share excluding stock option expense. Net income for the quarter was $12.3 million or $0.16 per share which includes $0.02 per share for stock option expense. Aveta's membership base of enrolled Medicare beneficiaries grew by more than 11,000 during the first quarter of 2006 to a total of 142,000, up 32% from the corresponding pro forma figure for the first quarter of 2005.
Tatyana Designs, Inc.
AeroTwin Reports Engine Progress
LAS VEGAS, May 15, 2006 (PRIMEZONE) -- AirScooter Corporation (Pink Sheets:ASCO), an innovator of new air vehicle concepts, announced today that its wholly-owned subsidiary, AeroTwin Motors Corporation, is continuing shipments of first production turbo-charged AT972T engines to target customers.
ACME Communications Announces Agreement to Sell WTVK-TV in Fort Myers-Naples, FL to Sun Broadcasting, Inc.
SANTA ANA, Calif., May 15, 2006 (PRIMEZONE) -- ACME Communications, Inc. (Nasdaq:ACME) announced today that it has entered into a definitive agreement to sell WTVK-TV in Fort Myers-Naples, FL to Sun Broadcasting, Inc. for $45 million. The all cash transaction is expected to close by the end of the third quarter of 2006. WTVK is currently affiliated with the WB Network, and will switch to a CW Network affiliation with the launch of the new network in September 2006. Fort Myers-Naples is the nation's 66th largest television market, based on television households.
SmallCap Sentinel: Searching For the Key to Connectivity
IRVINE, Calif., May 15, 2006 (PRIMEZONE) -- "Most everyone's home entertainment and computer systems are a plethora of wires and gadgets and device autonomy," stated SmallCap Sentinel analyst D.R. Clark. "The mandate is clear -- the consumer needs efficient connectivity between all devices. And the race to create that connectivity is on."
Security Intelligence Technologies, Inc.
Security Intelligence Technologies, Inc. Sells Bomb Jamming System to Combat Terrorism
NEW YORK, May 15, 2006 (PRIMEZONE) -- Security Intelligence Technologies, Inc. (OTCBB:SITG) and its subsidiary, Homeland Security Strategies, Inc.(HSS), announced today that it has received an order for four vehicle mounted bomb jamming systems for use by a high ranking official of a middle eastern country. The value of the order is approximately $900,000 not including additional amounts for spare parts inventory and an after sales maintenance contract currently being negotiated. Regular service and maintenance will be provided by a member of HSS's global network of training and service professionals, amongst whom include U.S. Government contractors who themselves use HSS's bomb jamming systems.
Barnwell Industries, Inc.
Barnwell Industries, Inc. Reports Results for the Second Quarter and Six Months Ended March 31, 2006 and Declares Cash Dividend
HONOLULU, May 15, 2006 (PRIMEZONE) -- Barnwell Industries, Inc., (AMEX:BRN) today reported net earnings of $3,423,000 ($0.39 per share -- diluted) and $9,763,000 ($1.12 per share -- diluted) for the three and six months ended March 31, 2006, as compared to net earnings of $910,000 ($0.11 per share -- diluted) and $3,350,000 ($0.39 per share -- diluted) for the three and six months ended March 31, 2005.
O2Micro International Limited
O2Micro Granted Significant Power Converter Patent
GEORGE TOWN, Grand Cayman, May 15, 2006 (PRIMEZONE) -- O2Micro(r) International Limited (Nasdaq:OIIM); (SEHK:0457), a leading supplier of innovative power management, and security components and systems for the Computer, Consumer, Industrial, and Communications markets, was issued 14 claims under United States patent number 7,023,709 for its Power Converter design.