latest news releases from the newsroom
New Life Scientific Inc.
New Life Scientific is Awarded Contract to Conduct Clinical Studies for Major European Pharmaceutical Company
FREEHOLD, N.J., Nov. 1, 2005 (PRIMEZONE) -- New Life Scientific, Inc. (OTCBB:NWLF) announced today that a major European pharmaceutical company has signed a contract for just under $1,000,000 with PharmaTrials International (PTI), a wholly owned subsidiary of NWLF which operates a Contract Research Organization (CRO) in Kiev, Ukraine. The terms of the contract dictate strict confidentiality as to the contracting party and the specific nature of the study. It is the first major study to be awarded to PTI since it was acquired by NWLF. The general scope of the project is a Phase II clinical study for a new therapeutic indication, to be conducted exclusively by PTI's at seven sites in Ukraine. The contract is scheduled for completion in the second quarter of 2006
Ocwen Financial Corp.
Ocwen Financial Corporation Announces Third Quarter Net Income
WEST PALM BEACH, Fla., Nov. 1, 2005 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN) today reported net income of $7.9 million or $0.13 per share for the third quarter of 2005 and $13.2 million or $0.21 per share for the nine months ended September 30, 2005. This compares to net income of $39.3 million or $0.61 per share for the third quarter of 2004 and $55.2 million or $0.83 per share for the nine month period in 2004. The third quarter and year to date results for 2004 include a net tax benefit of $31.8 million, primarily reflecting the partial reversal of the deferred tax asset valuation allowance that was established in prior years. Results for the three and nine months ended September 30, 2005 are net of a tax provision of $2.3 million and $5.1 million, respectively.
ReelTime Settles Debt with Innovative Communications Technologies
SEATTLE, Nov. 1, 2005 (PRIMEZONE) -- ReelTime Rentals, Inc. (Pink Sheets:RLTR) announces that the Company will exchange 1.5 million shares of RLTR restricted common stock to Innovative Communications Technologies, Inc. (Pink Sheets:ICTN) for payment of a portion of consulting fees owed to ICTN in connection with the licensing of their Media Rental Device. ReelTime acquired the exclusive worldwide license to market and sell this technology in 2004.
Pergo's CFO resigns
STOCKHOLM, Sweden, Nov. 01, 2005 (PRIMEZONE) -- Today, Staffan Soderqvist has announced his resignation as CFO and Deputy CEO of Pergo AB.
PCS Edventures!.com, Inc.
PCS Edventures! Announces Advances to its Internal IT Systems
SafeHarbor Technology Corporation
SafeHarbor and Knova Software Partner to Deliver Customer Service Solutions Worldwide
SEATTLE, Nov. 1, 2005 (PRIMEZONE) -- SafeHarbor Technology Corporation, a provider of customer interaction and business intelligence services, announced today its partnership with Knova Software, a leading provider of service resolution management (SRM) applications that reduce service and support costs, increase revenues, and improve customer satisfaction. This partnership will enable Knova customers to leverage SafeHarbor's expertise in customer service assessment and knowledge process transformation to further improve efficiency while continuously improving the quality of the customer experience.