latest news releases from the newsroom
Evergreen International Aviation, Inc.
Evergreen International Aviation, Inc. Announces Extension of Its Tender Offer for Its 12 Percent Senior Second Secured Notes Due 2010 and Announces Quarterly Conference Call
McMINNVILLE, Ore., Oct. 6, 2006 (PRIMEZONE) -- Evergreen International Aviation, Inc., an Oregon corporation ("Evergreen"), announced today that its pending offer to purchase any and all of its outstanding 12% Senior Second Secured Notes Due 2010 (CUSIP No. 30024DAF7) (the "Notes") previously scheduled to expire at 5:00 p.m., New York City time, on October 6, 2006, has been extended until 5:00 p.m., New York City time, on October 16, 2006, unless otherwise extended or earlier terminated. Except for the above change, all terms and conditions of the tender offer are unchanged and remain in full force and effect.
Innovative Food Holdings, Inc.
Innovative Food Holdings, Inc. Files Form 8-K
NAPLES, Fla., Oct. 6, 2006 (PRIMEZONE) -- Innovative Food Holdings, Inc. (Pink Sheets:IVFH) announced today that it has filed a Current Report on Form 8-K with respect to the reliability of its financial statements for all periods since December 31, 2004. Accounting errors were identified, some of them pursuant to an ongoing analysis of the Company's financial statements initiated by the Company's Interim President, primarily related to the accounting for discounts and penalties related to convertible notes previously issued by the Company and for shares issued at below market prices in 2004 and during the first quarter of 2005. Specifically, an outside accounting consulting firm retained by the Company has determined, and the Company's independent auditors have agreed, that the Company did not properly account for accrued penalties associated with the untimely registration of shares underlying certain outstanding convertible notes, that the Company did not properly account for beneficial conversion features associated with the notes and that certain issuances of stock at below market prices were not properly accounted for. While the Company cannot currently quantify the amount of the restatement in question, it currently appears most likely that the necessary changes to the Company's financial statements will increase the Company's liabilities and non-cash expenses from the amounts previously reported.
Scientific Industries Expands Its Vortex-Genie Product Line
BOHEMIA, N.Y., Oct. 6, 2006 (PRIMEZONE) -- Scientific Industries Inc. (OTCBB:SCND) proudly announces the introduction of the Digital Vortex-Genie(r) 2 mixer. The Digital Vortex-Genie 2 offers digital control and display of both time and speed for precise and reproducible operation. The product, which will complement the Company's existing vortex mixer line, accepts the wide range of accessories currently available for the original Vortex-Genie 2 mixer.
Verizon Wireless Service Improves in Napoleon, Ind.
INDIANAPOLIS, Oct. 6, 2006 (PRIMEZONE) -- The activation of a new Verizon Wireless cell site in Napoleon means more customers can use their wireless phones to make calls, send and receive email and text, picture and video messages, and download games and ringtones while enjoying clearer reception and fewer dropped calls.
PSB Group, Inc.
PSB Group, Inc. Announces Third-Quarter Earnings
MADISON HEIGHTS, Mich., Oct. 6, 2006 (PRIMEZONE) -- PSB Group, Inc., (OTCBB:PSBG), the bank holding company for Peoples State Bank, a Michigan state-chartered bank with offices in Wayne, Oakland, Macomb and Genesee Counties, announced net income for the third quarter of 2006 was $752,000, or $.25 per average outstanding share, compared to $1,046,000, or $.35 per average outstanding share in the third quarter of 2005.