latest news releases from the newsroom
Metso to Strengthen Its Aftermarket Business in Sweden
HELSINKI, Finland, Sept. 19, 2006 (PRIMEZONE) -- Metso has today signed contracts to acquire business assets of Svensk Gruvteknik AB ("SGT") and Svensk Pappersteknik AB ("SPT") in Sweden to strengthen its aftermarket business. The business group that SGT and SPT belong to is owned by Par-Anders Johansson and Conny Johansson. The business assets will be transferred to Metso on October 1, 2006. The debt-free purchase price is approximately EUR 4 million.
Universal Stainless & Alloy Products, Inc.
Universal Stainless Announces Surcharge Increase
BRIDGEVILLE, Pa., Sept. 19, 2006 (PRIMEZONE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) today announced that it is increasing the nickel premium component of its surcharge mechanism to $0.38 per pound over the London Metal Exchange price for nickel from $0.30 per pound. The change in the surcharge will go into effect with shipments beginning October 1, 2006. All other factors in the calculation will remain unchanged.
StockGuru.com Announces Profile Coverage of California News Tech
DALLAS, Sept. 19, 2006 (PRIMEZONE) -- John Pentony, Publisher of StockGuru.com, announced today that the web site has initiated Profile Coverage of California News Tech (OTCBB:CNTE). California News Tech provides online access to news media analysis for a subscription fee in the United States. Its online news media analysis research product includes MediaSentiment, which provides quantified and graphical information and enables customers to interpret and track the impact of media sentiment on the financial markets. The company was founded in 1999 as NewsSurfer.com Corporation and changed its name to California News Tech in 2000. California News Tech is based in San Francisco, California.
AutoZone 4th Quarter Sales up 3.0%; Adjusted EPS up 14.6%
MEMPHIS, Tenn., Sept. 19, 2006 (PRIMEZONE) -- AutoZone, Inc. (NYSE:AZO) today reported net sales of $1.939 billion for its fourth quarter (16 weeks) ended August 26, 2006, up 3.0% from fiscal fourth quarter 2005. Same store sales, or sales for stores open at least one year, were down 0.9% for the quarter.
Surge Global Energy, Inc.
Signet Energy Inc. Completes the Drilling of the Second and Third Horizontal Wells in the Bluesky Formation at Sawn Lake
SAN DIEGO, Sept. 19, 2006 (PRIMEZONE) -- Surge Global Energy, Inc. (OTCBB:SRGG), a major shareholder of Signet Energy, Inc. ("Signet"), the operator of the Sawn Lake Oil Sands Development, today announced the completion of drilling the second and third wells in the Bluesky Formation at Sawn Lake. At this time, Signet Energy will not be drilling the fourth well at it's proposed location since it would not provide any additional geological information in it's delineation of the Sawn Lake Reservoir beyond that of the two recently completed wells in the same vicinity. The company is currently evaluating the two horizontal wells recently drilled and completed. Updates on the evaluation will follow over the next several weeks.
Port of Houston Authority
PHA Commission Delivers Environmentally Friendly Initiatives, Security Projects and Other Matters
HOUSTON, Sept. 18, 2006 (PRIMEZONE) -- The Port Commission of The Port of Houston Authority approved a landscaping project, tree planting and maintenance project, increased green energy use program, an anti-shoreline erosion project, and nearly $2.2 million of security projects among other items during its public meeting on Monday, September 18. Chairman Jim Edmonds presided over the meeting with Commissioner Steve Phelps, Commissioner Jim Fonteno, Commissioner Kase Lawal, Commissioner Jimmy Burke, Commissioner Janiece Longoria and Commissioner Elyse Lanier.
Surge Global Energy, Inc.
Surge Global Energy, Inc. Announces June 30, 2006 Quarterly Report On Form 10-QSB Amendment
SAN DIEGO, Sept. 18, 2006 (PRIMEZONE) -- Surge Global Energy, Inc. (OTCBB:SRGG) in connection with its Quarterly Report on Form 10-QSB for the period ended June 30, 2006 10-QSB, Surge Global Energy, Inc., (the "Company") and its independent registered public accountants identified accounting errors and incorrect classifications within the Company's Condensed Consolidated Balance Sheet at June 30, 2006 (the "Balance Sheet"), the Condensed Consolidated Statements of Losses (the "Income Statement"), the Condensed Consolidated Statements in Shareholders' Equity ("Shareholders' Equity") and the Condensed Consolidated Statements of Cash Flows (the "Cash Flow Statement"), all for the period ended June 30, 2006. On September 15, 2006, the Audit Committee of the Board of Directors of the Company reviewed this matter with Company management and determined that the June 30, 2006 Balance Sheet, Income Statement, Shareholders' Equity and Cash Flow Statement filed with the Securities and Exchange Commission should be restated to properly reflect transactions that were incorrectly classified as discontinued assets, liabilities within the Balance Sheet and operating, investing and effect of exchange rate cash flows by the Company. These transactions all relate to the effects of foreign currency translation upon the discontinued operation assets, liabilities, as well as related presentation within operating, investing and effect of exchange rate categories within the Cash Flow Statement.