latest news releases from the newsroom
HiQ: Interim Report for January - June 2002
STOCKHOLM, Sweden, Aug. 15, 2002 (PRIMEZONE) -- HiQ is an IT and management consultancy that focuses on high-tech solutions in the fields of telecoms, datacoms and simulation technology. The company is a leader in these fields and the Nordic region is its domestic market. HiQ employs 470 people at offices in Sweden, Norway, Denmark and Finland. HiQ is listed on Stockholmsborsen (the Stockholm exchange). For more information, please visit www.hiq.se
Transcontinental Realty Investors, Inc.
Transcontinental Realty Investors Reports 2002 Second Quarter, Six Months Net Losses of $.24 and $.41 vs. $1.64 and $1.68 Net Income in 2001 Periods
DALLAS, Aug. 14, 2002 (PRIMEZONE) -- Transcontinental Realty Investors, Inc. (NYSE:TCI) announced Wednesday 2002 second quarter and six months net losses of $1.90 million and $3.28 million, or ($.24) per share and ($.41) per share, on revenues of $30.65 million and $58.96 million, as compared to net incomes of $14.32 million and $14.63 million, or $1.64 per share and $1.68 per share, on revenues of $28.05 million and $53.42 million for the comparable periods in 2001, due to decreased occupancy rates, lower gains on the sale of properties and increased expenses.
Income Opportunity Realty Investors, Inc
Income Opportunity Six Month 2002 Net Income of $2.90 vs. $.95 Net Loss in 2001 Period; Second Quarter 2002 Net Loss of $.62 vs. $.49 Net Loss in 2001 Period
DALLAS, Aug. 14, 2002 (PRIMEZONE) -- Income Opportunity Realty Investors, Inc. (AMEX:IOT) announced Wednesday that lower rents from commercial properties contributed to a second quarter 2002 net loss of $889,000, or ($.62) per share, on revenue of $2.89 million, as compared to a net loss of $732,000, or ($.49) per share, on revenue of $2.81 million for the comparable period in 2001. In the six months ended June 30, 2002, a $7.11 million gain on the sale of real estate contributed net income of $4.18 million, or $2.90 per share, on revenue of $5.58 million, as compared to a net loss of $1.45 million, or ($.95) per share, on revenue of $5.56 million for the 2001 period.
American Realty Investors, Inc.
American Realty Investors Reports 2002 Second Quarter, Six Months Net Losses of $1.29 and $1.24 vs. $.78 and $.96 Net Income in 2001 Periods
DALLAS, Aug. 14, 2002 (PRIMEZONE) -- American Realty Investors, Inc. (NYSE:ARL) announced Wednesday that the company posted second quarter and six months net losses of $14.70 million and $14.11 million, or $(1.29) and $(1.24) per share, on revenues of $38.64 million and $76.92 million, respectively, as compared to net incomes of $7.93 million and $9.68 million, or $.78 and $.96 per share, on revenues of $48.09 million and $89.54 million, respectively, in the 2001 comparable periods.
Hoenig Group's Form 10-Q for the Second Quarter 2002 Reports a Net Loss Per Share of $0.71 for the Quarter and $0.25 for the Six Months Ended June 30, 2002
RYE BOOK, N.Y., Aug. 14, 2002 (PRIMEZONE) -- Hoenig Group Inc. (Nasdaq:HOEN) announced today that it has filed its Form 10-Q for the second quarter ended June 30, 2002, reporting a net loss per share, basic and diluted, of $0.71 for second quarter ended June 30, 2002, and a net loss per share, basic and diluted, of $0.25 for the six months ended June 30, 2002. These results differ from the financial results announced by the Company on July 16, 2002 in that they include $1.2 million in professional fees and expenses ($0.7 million after taxes) incurred by the Company through June 30, 2002 in connection with the sale of the Company to Investment Technology Group, Inc. ("ITG"). The Company's stockholders are voting on the proposed merger with ITG at a Special Meeting of Stockholders being held on August 26, 2002. The merger is expected to be completed by the end of the third quarter 2002, subject to the approval of stockholders and regulatory authorities and satisfaction of customary closing conditions.
Competitive Technologies, Inc.
CTT Clients Awarded Over $54 Million Against Wyeth in Materna Litigation
FAIRFIELD, Conn., Aug. 14, 2002 (PRIMEZONE) -- Competitive Technologies, Inc. (AMEX:CTT) announced today that US Senior District Court Judge John Kane of the US District Court for the District of Colorado yesterday issued a $54 million patent infringement judgment for fraud and unjust enrichment against Wyeth's (NYSE:WYE) American Cyanamid Co. unit, and in favor of CTT's client, the University of Colorado.