latest news releases from the newsroom
Optium Corporation Initial Public Offering Priced At $17.50 Per Share
CHALFONT, Pa., Oct. 27, 2006 (PRIMEZONE) -- Optium Corporation (Nasdaq:OPTM) announced today its initial public offering of 5,200,000 shares of common stock all of which are being sold by Optium at $17.50 per share. Optium has granted the underwriters the right to purchase up to an additional 780,000 shares at the initial public offering price. The shares will be listed on the NASDAQ Global Market under the symbol "OPTM."
StockGuru.com Announces Profile Coverage of Rotoblock
DALLAS, Oct. 27, 2006 (PRIMEZONE) -- John Pentony, Publisher of StockGuru.com, announced today that the web site has initiated Profile Coverage of Rotoblock (OTCBB:ROTB). Rotoblock is focused on the development of advanced propulsion system technologies including the continued development and improvement of the Oscillating Piston Engine to the state where its mechanical, ecological and economic viability leads to the profitable licensing of the manufacturer's rights to a proprietary patented design or a partnership for its manufacture. The Company was incorporated in Nevada, and is headquartered in Santa Rosa, California. The Company has full rights to the patents of the original Oscillating Piston Engine and believes the Rotoblock Oscillating Piston Engine has particular and useful applications in developing countries such as China and India and will be including these areas in the marketing and commercialization phase of this engine.
S2C Global Systems Inc
S2C Global Signs Lease for Aquaduct Location in Montreal
LAS VEGAS, Oct. 27, 2006 (PRIMEZONE) -- In keeping with S2C Global Systems, Inc. (OTCBB:STWG) business strategy to place Aquaduct automated water distribution systems in major retail water markets throughout North America, S2C has entered into a lease agreement for the Mega Centre Notre Dame located in the northwest suburbs of Montreal, Quebec. Mega Centre Notre Dame with over 360,000 lease-able square feet has 31,000 households within ten minutes and serves a regional population of 750,000 people making it an excellent location for the Aquaduct.
Community Shores Bank Corporation
Community Shores Bank Corp. Reports Third Quarter 2006 Diluted EPS of $0.25
MUSKEGON, Mich., Oct. 27, 2006 (PRIMEZONE) -- Community Shores Bank Corporation (Nasdaq:CSHB), Muskegon's only locally headquartered independent community banking organization, today reported third quarter 2006 earnings of $363,000, or $0.25 per diluted share. This compares with third quarter 2005 net income of $389,000, or $0.26 per diluted share, and $342,000 or $0.23 per diluted share for the second quarter of this year. Results reflect a stable performance year over year; solid loan growth and a steady net interest margin, partially offset by slightly higher expenses, contributed to earnings improvement over second quarter.
Solutia Begins Design of New Saflex Manufacturing Line at Plant in Ghent, Belgium
ST. LOUIS and DUSSELDORF, Germany, Oct. 27, 2006 (PRIMEZONE) -- At the Glasstec 2006 exhibition in Dusseldorf, Germany, the Saflex(r) unit of Solutia Inc. (OTCBB:SOLUQ), which is the world leader in the production and sale of polyvinyl butyral (PVB) interlayers, today announced it has begun the design and engineering of a new manufacturing line for its Saflex(r) PVB interlayers at its plant in Ghent, Belgium. Upon the successful completion of the design and engineering phase, the company would begin the construction phase, targeting startup during the second half of 2008. This expansion will bring the total number of Saflex production lines at the plant to three.
MorphoSys Reports Nine Months 2006 Results
MARTINSRIED, Germany, Oct. 27, 2006 (PRIMEZONE) -- MorphoSys AG (Frankfurt:MOR) (Prime Standard Segment, TecDAX) today reported financial results according to IFRS for the first nine months ended September 30, 2006. During the first nine months of 2006, revenues increased by 64% to EUR 39.0 million, resulting in earnings before interest and taxes (EBIT) of EUR 7.4 million, compared to an EBIT of EUR 3.8 million in the previous year. Net income increased by more than 50% to EUR 6.1 million (September 30, 2005: EUR 3.9 million). MorphoSys's cash position amounted to EUR 66.3 million at the end of the third quarter of 2006.