latest news releases from the newsroom
American Physicians Service Group, Inc.
American Physicians Service Group, Inc. Reports Third Quarter Earnings
AUSTIN, Texas, Nov. 14, 2002 (PRIMEZONE) -- American Physicians Service Group, Inc. ("APS") (Nasdaq:AMPH) today announced results for the quarter and nine months ended September 30, 2002. For the three months ended September 30, 2002, revenues increased to $7,241,000 from $6,268,000 in the year-ago period. Net earnings were $296,000 or $.13 per share, compared to $117,000 or $.05 per share, in the comparable year-ago period. For the nine months ended September 30, 2002, revenues increased to $19,533,000 from $17,851,000 in the comparable year-ago period. Net earnings were $3,347,000 or $1.40 per share, compared to $527,000 or $.20 per share in the comparable year-ago period. Excluding non-recurring investment gains and asset sales, net of income taxes, net earnings increased 46% to $171,000 for the quarter and 67% to $881,000 for the nine months ended September 30, 2002.
American Realty Investors, Inc.
American Realty Reports 2002 Third Quarter Income of $.55 vs. $.04 in Third Quarter 2001, Nine Months Net Loss of $1.62 vs. $1.00 Net Income in 2001 Period
DALLAS, Nov. 14, 2002 (PRIMEZONE) -- American Realty Investors, Inc. (NYSE:ARL) announced Thursday that the company reported third quarter net income of $6.30 million, or $.55 per share, on revenue of $38.92 million, for the three months ended Sept. 30, 2002, compared to net income of $446,000, or $.04 per share, on revenue of $45.80 million in the third quarter of 2001, due to increased gain on the sale of real estate and decreased other expenses.
Music Choice Announces New Audio Program, `Tha Corner,' the First Uncut Rap Show on Television
HORSHAM, Pa., Nov. 14, 2002 (PRIMEZONE) -- Music Choice, the largest provider of commercial-free digital music via cable and satellite TV, announces "Tha Corner," a new monthly audio program that represents the first uncut rap show on television. "Tha Corner" will air on the first Tuesday of every month at 8:00 p.m. (ET), and will be rebroadcast throughout the month on the Music Choice Rap channel, available in 25 million digital cable and DIRECTV homes.
Income Opportunity Realty Investors, Inc
Income Opportunity Reports Third Quarter 2002 Net Loss of $.86 vs. $1.16 Net Loss in Third Quarter 2001; Nine Months 2002 Net Income of $2.04 vs. $2.11 Net Loss in Nine Months 2001
DALLAS, Nov. 14, 2002 (PRIMEZONE) -- Income Opportunity Realty Investors, Inc. (AMEX:IOT) Thursday reported a net loss of $1.24 million, or ($.86) per share, on revenue of $2.81 million for the third quarter ending September 30, 2002, as compared to a net loss of $1.75 million, or ($1.16) per share, on revenue of $2.47 million for third quarter 2001, due to decreased occupancy rates at the commercial properties offsetting increased rents and occupancy at the apartments. No gains on the sale of real estate were recorded in the third quarter of 2002 or 2001.
Transcontinental Realty Investors, Inc.
Transcontinental Realty Reports Third Quarter 2002 Net Income of $.22 vs. $1.28 Net Income in Third Quarter 2001; Nine Months 2002 Net Loss of $.18 vs. $2.97 Net Income in 2001
DALLAS, Nov. 14, 2002 (PRIMEZONE) -- Transcontinental Realty Investors, Inc. (NYSE:TCI) Thursday reported net income of $1.79 million, or $.22 per share, on revenue of $28.34 million, for the third quarter ended Sept. 30, 2002, compared to net income of $11.11 million, or $1.28 per share, on revenue of $23.97 million for third quarter 2001, due to decreased occupancy at the company's apartments, commercial properties and U.S. hotels, increased expenses and lower gain on the sale of property, partially offset by higher rents. Gain on the sale of real estate for the three months was $13.74 million, compared to $17.74 million in the 2001 period.
Southern Company partners with National Wild Turkey Federation as `Energy for Wildlife' member
ATLANTA, Nov. 14, 2002 (PRIMEZONE) -- Southern Company has signed an agreement with the National Wild Turkey Federation (NWTF) to support the Federation's Energy for Wildlife program, a membership-based certification program for utility and energy companies with the primary goal of enhancing wildlife habitat on company managed, owned or influenced lands. Under the agreement, Southern Company will work closely with the Federation to maintain and improve wildlife habitat through an Integrated Vegetation Management plan on its rights of way.
Competitive Technologies, Inc.
CTT Clients' Award of Over $54 Million in Materna Litigation Appealed by Wyeth
FAIRFIELD, Conn., Nov. 14, 2002 (PRIMEZONE) -- Competitive Technologies, Inc. (AMEX:CTT) announced that Wyeth (NYSE:WYE) has appealed the August 13, 2002 decision of US Senior District Court Judge John Kane of the US District Court for the District of Colorado for a $54 million patent infringement judgment for fraud and unjust enrichment against Wyeth's American Cyanamid Co. unit, and in favor of CTT's client, the University of Colorado.
Could This Be the Key to Earhart's Disappearance? New Novel Unlocks the Mystery of America's Well-Loved Aviatrix
MAXWELL, Neb., Nov. 14, 2002 (PRIMEZONE) -- There have been several attempts to solve the mystery behind the strange disappearance of Amelia Earhart. Known as America's most famous aviatrix, Earhart and navigator Fred Noonan attempted to circumnavigate the world on July 2, 1937. After taking off from Lae, New Guinea, their plane disappeared and was never found. Like pieces of a jigsaw puzzle, investigators and aviation experts have come up with a number of conspiracy theories and eyewitness accounts claiming Earhart was everything from a spy to a victim of mistaken identity.