latest news releases from the newsroom
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.
Budget Waste Inc.
Budget Waste Inc. Expands Operation to Service Customers in Edmonton
CALGARY, Alberta, Oct. 26, 2006 (PRIMEZONE) -- Budget Waste Inc. (Pink Sheets:BDGW) announced that it is expanding its operations to Edmonton and surrounding area. Starting November 1, 2006, BWI will begin providing construction waste management and recycling services to Alberta's largest homebuilders in the Edmonton area. Jim Can, BWI's President and CEO acknowledged that Alberta's hot economy has impacted the home construction industry in Edmonton and customers are demanding BWI's construction waste removal services. Mr. Can stated, "As part of our overall growth strategy, the Edmonton market is an exciting opportunity and the next logical step for BWI's expansion plans across Western Canada. Branching out to Edmonton supports the first phase of our mandate to offer complete waste management services across Canada."
Aventine Renewable Energy Holdings, Inc.
Aventine Adds Proposed Midwest Ethanol Plants to Its Marketing Alliance
PEKIN, Ill., Oct. 26, 2006 (PRIMEZONE) -- Aventine Renewable Energy Holdings, Inc. (NYSE:AVR), a leading producer, marketer and end-to-end supplier of ethanol, and Midwest Ethanol Producers, LLC, today announced the execution of new marketing agreements for Midwest's three new proposed 100 million gallon ethanol plants. The three new proposed facilities are slated for Blencoe, IA, Arapahoe, NE and Elm Creek, NE.