latest news releases from the newsroom
Chino Commercial Bank
Chino Commercial Bank, N.A. Posts 50.3% Increase in Net Income
CHINO, Calif., April 26, 2005 (PRIMEZONE) -- The Board of Directors of Chino Commercial Bank, N.A. (OTCBB:CKNA) announced the results of operations for the first quarter of 2005 with net income for the quarter of $177,067 or $0.22 per share, setting a 50.3% increase over net income of $117,755 or $0.14 per share for the first quarter of 2004. Net income per fully diluted share was $0.20 and $0.13 for the quarters ending March 31, 2005 and 2004, respectively. Dann H. Bowman, President and Chief Executive Officer stated, "We are very pleased with the continued growth and earnings of the Bank. The first quarter results represent a new record in earnings for the Bank, and continue to build the stockholders' equity for even more growth in the future."
Eagle Environmental Technologies Ltd
Eagle Environmental Technologies LTD Delivers Oil From the Texas Fields
RENO, Nev., April 26, 2005 (PRIMEZONE) -- John Bowles, Eagle Environmental Technologies' (Pink Sheets:EGVR) Public Relations Consultant, announced effective April 25, 2005, Eagle has begun the delivery and sale of oil from the Siler Lease located in East Texas. Brian Wilmot, CEO of Eagle stated, "With the beginning sale of oil, Eagle is now a full operating company in the oil business. We are currently operating only 10 wells, but we still have over 100 more wells in this Siler field to bring up to operating standards. The production levels are exceeding 50 barrels per day." Eagle is keeping its production costs at approximately 20 percent of revenue or less per month after all royalties are paid. Future gas sales are being planned from the same fields as infrastructure is put in place.