latest news releases from the newsroom
MicroIslet, Inc. Announces Results for Third Quarter 2006
SAN DIEGO, Nov. 15, 2006 (PRIMEZONE) -- MicroIslet, Inc. (AMEX:MII) announced that it filed its Quarterly Report on Form 10-QSB for the quarter ended September 30, 2006 with the Securities and Exchange Commission yesterday. The Company reported a net loss of $8.1 million for the first nine months of 2006 compared to a net loss of $5.8 million during the same period of 2005. Grant revenue was $187,000 and $482,000 for the three and nine months ended September 30, 2006, respectively, and consisted entirely of research grants. No grant revenue was recognized for the first nine months of 2005.
Dow Jones Indexes
Dow Jones Indexes Files Lawsuit Against ISE to Protect Its Intellectual Property Rights
NEW YORK, Nov. 15, 2006 (PRIMEZONE) -- Dow Jones & Company, Inc., on behalf of its business unit Dow Jones Indexes (Dow Jones), has today filed a lawsuit in Illinois State Court in Cook County against the International Securities Exchange, LLC (ISE) and Options Clearing Corporation (OCC) to restrain the ISE from listing and trading options on the Dow Jones Industrial Average (ticker: DJX) without a license. Dow Jones is joined by The McGraw-Hill Companies, Inc., on behalf of itself and its Standard & Poor's division ("S&P") and the Chicago Board Options Exchange, Inc. (CBOE) as co-plaintiffs in the action. S&P seeks to prevent the ISE from listing and trading index options on the S&P 500 (ticker: SPX) Index without a license. Currently, both index options trade under licenses exclusively on CBOE.
Ethos Environmental, Inc.
Ethos Receives New Ticker Symbol -- ETEV
SAN DIEGO, Nov. 15, 2006 (PRIMEZONE) -- Ethos Environmental, Inc. ("Public Ethos" or "Company") (OTCBB:VICI), a manufacturer and distributor of a unique line of fuel reformulating products under the name Ethos Fuel Reformulators, is pleased to announce that its common stock will begin trading on a post-reverse-split and name change basis under a new symbol, "ETEV," on the OTC Bulletin Board, effective Thursday, November 16, 2006. The new symbol follows the completion of the Company's reverse merger with Victor Industries, Inc. on November 2, 2006. The post-merger Company's common stock has been assigned CUSIP No. 29765X 10 1.
Winmill & Co., Incorporated
Winmill & Co. Incorporated Announces Third Quarter 2006 Financial Results
NEW YORK, Nov. 15, 2006 (PRIMEZONE) -- Winmill & Co. Incorporated (Pink Sheets:WNMLA) announced today its financial results for the third quarter ended September 30, 2006. The Company reported a net loss in the third quarter of 2006 of $358,733 compared to net income of $593,456 for the same quarter a year ago. The net loss per share fully diluted was $0.23 for the third quarter of 2006 compared to net income per share fully diluted of $0.38 for the third quarter of 2005. For the nine months ended September 30, 2006, the Company reported a net loss of $957,474 compared to net income of $1,054,688 in 2005. The diluted loss per share was $0.62 for the nine months of 2006 compared to diluted net income per share of $0.69 for the nine months of 2005. The Company attributes the reported losses in 2006 to a net decrease in unrealized appreciation of the shares owned by the Company of its publicly held affiliates, namely Bexil Corporation (BXL), Tuxis Corporation (TUX), and Foxby Corp. (FXX). Management, distribution and other fees increased due to an increase in mutual fund assets under management. The Company had $194 million in assets under management at September 30, 2006, an increase of 49% from $130 million at September 30, 2005. Total expenses increased as the Company recognized compensation expense for unvested stock options due to the adoption as of January 1, 2006 of Statement of Financial Accounting Standards No. 123(R) "Share-Based Payment" and to an increase in distribution expenses attributable to the increase in assets under management. The Company also reported that its financial condition continues to be strong, with shareholders' equity of $9.6 million and no long-term debt.
Emulex Corporation Announces Commencement of Put Option Period for Convertible Subordinated Notes Due 2023
COSTA MESA, Calif., Nov. 15, 2006 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX) today announced the commencement of the put option period for holders of its 0.25% Convertible Subordinated Notes due 2023 ("Notes") to surrender their Notes for purchase. Each holder of the Notes has the right to require Emulex to purchase all or any part of such holder's Notes at a price equal to $1,000 per $1,000 of principal amount plus any accrued and unpaid interest, including additional interest, if any, to, but excluding, the date of purchase. If all outstanding Notes are surrendered for purchase, the aggregate cash purchase price will be approximately $236.0 million. Under certain circumstances, the Notes are convertible before maturity into 23.1482 shares of Emulex's common stock per $1,000 principal amount, subject to adjustment. The Notes are not currently convertible.