latest news releases from the newsroom
Kachina Gold Corporation
Kachina Gold Corporation Announces Progress on Development of Mohave County, AZ Gold Operations
TOPEKA, Kan., Oct. 27, 2005 (PRIMEZONE) -- Kachina Gold Corporation (Pink Sheets:KCHG), an emerging junior gold exploration and production company, announced today the results of its ongoing development of commercial gold mining operations from its Mohave County, Arizona property. Kachina has already undertaken production at this property and is currently producing approximately 150 ounces per week. The Company has completed all of the necessary infrastructure improvements and brought in heavy extraction and processing equipment, which will enable it to meet these Phase I production goals.
Ringo Appoints Veteran Executive Thomas Nirmaier of JP Morgan Chase as CTO
BOCA RATON, Fla., Oct. 27, 2005 (PRIMEZONE) -- Ringo, Inc. (Pink Sheets:RGOI) is pleased to announce that the Company has appointed Thomas J. Nirmaier as the Company's Chief Technology Officer. Prior to joining Ringo, Mr. Nirmaier served as an executive at JP Morgan Chase for 38 years, where he most recently held the position of Vice President and RBS Systems Manager for JP Morgan Treasury & Securities Services.
Reliant Home Warranty Corporation
Reliant Home Warranty Corporation Forms Reliant Insurance SCC
TORONTO, Oct. 27, 2005 (PRIMEZONE) -- Reliant Home Warranty Corporation (RHWC), a publicly traded Nasdaq company established to provide insurance risk coverage, risk management, mortgage securitization, and funding, today announced the formation of Reliant Insurance SCC, Barbados. This wholly owned captive insurance company is organized to provide risk management and re-insurance coverage for corporate customers on a global basis. A captive is an insurer utilized by a corporation to insure the risks of the owner and/or closely related third parties. Captives provide alternative funding mechanisms to commercial insurance markets including "Rent a Captive" insurance coverage.
AarhusKarlshamn AB Financial Reporting
STOCKHOLM, Sweden, Oct. 27, 2005 (PRIMEZONE) -- AarhusKarlshamn AB is the parent company in a new speciality fats group that was established on October 1 2005. The new company is the result of the merger between Karlshamns AB and Aarhus United A/S. The new company has a turnover of approx. SEK 10 billion and has 2,500 employees at eight production units in seven countries.
Silver Dragon Resources Inc.
Silver Dragon Resources Inc. Announces Launch of Exploration Program on Tierra Blanca Property, Mexico
TORONTO, Oct. 27, 2005 (PRIMEZONE) -- Silver Dragon Resources Inc. (OTCBB:SDRG) today announced that a comprehensive work program has begun on the Tierra Blanca property located in the Sierra Madre Occidental in Durango, Mexico. Silver Dragon recently signed a joint venture agreement with Linear Gold Corp. (TSE:LRR) whereby Silver Dragon has been granted the option to acquire 55% of Linear's interest in and rights to any revenues derived as a result of the exploration, evaluation and development of the Tierra Blanca property.
First Security Group, Inc.
First Security Group, Inc. Announces Initial Cash Dividend of $0.025 per Share
CHATTANOOGA, Tenn., Oct. 27, 2005 (PRIMEZONE) -- First Security Group, Inc. (Nasdaq:FSGI), a community bank holding company serving middle and eastern Tennessee and northern Georgia, today announced that its Board of Directors has initiated a quarterly cash dividend on the Company's common stock. A dividend of $0.025 per share will be payable on December 16, 2005 to shareholders of record on December 1, 2005. The Board has also authorized management to establish a Dividend Reinvestment Plan for First Security's shareholders.