latest news releases from the newsroom
KMA Global Solutions International, Inc.
KMA Global Solutions International Enters Into a New Dual Tag Packaging Agreement Valued At More Than $1 Million
MISSISSAUGA, Ontario, July 11, 2007 (PRIME NEWSWIRE) -- KMA Global Solutions International, Inc. (OTCBB:KMAG) (Frankfurt:VVS) announced today that it has completed an agreement to supply its patent pending Dual Tag to a major U.S.-based packaging firm specializing in nutriceutical products. Dual Tag will be added to the packaging of a new food supplement product as the leading edge of a new source-tagging program that is expected to ultimately involve several brands sold through chain drug, discount, and grocery stores, as well as through the traditional health food specialty channel. The agreement is anticipated to generate more than $1 million in annualized revenues for KMA.
My Screen Mobile, Inc.
My Screen Mobile Files Patent Application in Canada
TORONTO, July 11, 2007 (PRIME NEWSWIRE) -- My Screen Mobile, Inc. (Pink Sheets:MYSL) announced today that a patent application for its My Screen Mobile technology has been filed with the Canadian Patent Office. This important milestone protects the Intellectual Property Rights of My Screen Mobile, and enables the company to operate and maintain its position as market innovator and leader in the mobile application space.
Mercantile Bank Corporation
Mercantile Bank Corporation Announces Second Quarter Net Income of $2.2 Million
GRAND RAPIDS, Mich., July 11, 2007 (PRIME NEWSWIRE) -- Mercantile Bank Corporation (Nasdaq:MBWM) reported earnings for the second quarter of 2007 of $2.2 million, or $0.26 per diluted share, a decrease of 56.5 percent from the $5.1 million, or $0.60 per diluted share, reported for the second quarter of 2006. For the first six months of 2007, Mercantile reported net income of $6.5 million, or $0.77 per diluted share, a decrease of 35.2 percent and 34.7 percent, respectively, from the $10.0 million, or $1.18 per diluted share, reported in the prior-year period. The decline in 2007 earnings is primarily the result of increased non-performing assets, which have negatively impacted all major areas of Mercantile's performance. Also, earnings were lowered by a one-time expense associated with the retirement of Mercantile's former chairman and CEO, Gerald Johnson, Jr.
Pain Therapeutics, Inc.
Patient Recruitment Completed for Pivotal Phase III Study of Remoxy
SOUTH SAN FRANCISCO, Calif. and BRISTOL, Tenn., July 11, 2007 (PRIME NEWSWIRE) -- Pain Therapeutics, Inc. (Nasdaq:PTIE) and King Pharmaceuticals, Inc. (NYSE:KG) announced today they have reached the enrollment target of 400 patients for a Phase III study with Remoxy(tm). Remoxy, an investigational drug, is a proprietary abuse-deterrent version of long-acting oxycodone, a strong opioid painkiller.
Gwinnett Innovation Park
Gwinnett Innovation Park Welcomes Two Emerging Companies
NORCROSS, Ga., July 11, 2007 (PRIME NEWSWIRE) -- The Gwinnett Innovation Park, www.gwinnettinnovationpark.com, an innovative facility in Gwinnett County, Georgia uniquely designed to provide the flexibility and support that start-up and growing companies need, welcomes two new companies, HealthDetail and Data-Profits. Bonnie Herron, Executive Director of the Gwinnett Innovation Park, announced that these dynamic companies have chosen the Gwinnett Innovation Park as their home base to accelerate the launch of their company's products and services.