latest news releases from the newsroom
Gateway Financial Holdings, Inc.
Gateway Financial Holdings Announces Restatement of Financial Statements Due to Technical Clarification of Accounting for Certain Derivative Transactions
VIRGINIA BEACH, Va., Aug. 14, 2006 (PRIMEZONE) -- Gateway Financial Holdings, Inc. (Nasdaq:GBTS), the holding company for Gateway Bank & Trust Co., concluded after further examination and in light of recent developments and discussion with its independent registered accounting firm, Dixon Hughes PLLC (Dixon Hughes), that its historical financial statements for the quarter ended March 31, 2006 and its recent Form 8-K and related press release reporting results for the second quarter of 2006, should no longer be relied upon as a result of accounting treatment of certain derivative transactions relating to the Company's interest rate swap associated with its prime-based loan portfolio.
American Southwest Music Distribution, Inc.
American Southwest Music Distribution Announces Album Release
LOS ANGELES, Aug. 14, 2006 (PRIMEZONE) -- American Southwest Music Distribution, Inc., a wholly owned subsidiary of GL Energy & Exploration, Inc. (OTCBB:GEEX), announced today the expected September 26, 2006 album release of "Hate Me," by Houston rapper Maurice Williams, a.k.a. "Wine-O."
Clean Power Technologies, Inc.
Clean Power Technologies Inc. to Implement New Hybrid System on a Production Vehicle
CALGARY, Alberta, Aug. 14, 2006 (PRIMEZONE) -- Clean Power Technologies Inc. (OTCBB:CPWE), a developer of a unique and environmentally friendly alternative hybrid fuel technology, is pleased to advise shareholders and the investment community that substantial progress has been achieved in the design and development of the special components required for the implementation of this new hybrid technology on a current production vehicle. Clean Power also recently moved into its new state of the art facility and has added two additional specialists to its engineering team.
Universal Capital Management, Inc.
Universal Capital Management, Inc. Announces the Addition of Extreme Visual Technologies, Inc. to Its Portfolio of Companies
WILMINGTON, Del., Aug. 14, 2006 (PRIMEZONE) -- Universal Capital Management, Inc. (OTCBB:UCMT), a Business Development Company which provides emerging growth companies with management and strategic resources for successful growth, announced today that it is adding Extreme Visual Technologies, Inc., a Florida corporation, to its collection of portfolio companies.
LXE Inc. Reports All Time Record Revenue Quarter
ATLANTA, Aug. 14, 2006 (PRIMEZONE) -- LXE Inc., a leading manufacturer of rugged wireless computers that improve the performance of supply-chain execution applications, announced today that, for the second quarter of 2006, it set an all-time record for quarterly revenues and extended to 15 straight quarters LXE's run of record quarterly revenues compared with the corresponding quarters of previous years.
David Weekley Homes
David Weekley Homes Announces 2006 'Partners of Choice Award Winners'
HOUSTON, Aug. 14, 2006 (PRIMEZONE) -- David Weekley Homes, the third largest privately held homebuilder, released the winners of its prestigious Partners of Choice Award. These awards are based on the National Trading Partners Survey, a quarterly review of approximately 150 suppliers rated by team members of David Weekley Homes. Suppliers are rated based on quality and service. Each company's numeric scores are averaged, and then an alpha grade assigned relative to its ranking with all other of Weekley's national trading partners. Alpha grades range from A to F in 20% increments. The Partners of Choice Awards were presented to suppliers who maintained either an "A" rating in Quality or Service, or an "A,A" rating for both Quality and Service for the previous twelve months. "A" awards were given to the following companies: ABC Supply ("A" in quality), BMC West ("A" in service); Office Depot ("A" in service); and Suncoast Post-Tension ("A" in quality). The following companies were recognized as winners of the coveted "A,A" Partners of Choice Award: Boise Engineered Wood Products; the Dow Chemical Company; Eaton Corporation; Elk Group, Inc; Honeywell; James Hardie; Moen Inc. Corporation; Simpson Strong Tie; and Trane. Special recognition goes to the following "A,A" winners that repeated from last year: Dow, Honeywell, James Hardie, Simpson Strong Tie, and Trane.
Boise is 2006 A,A Winner of 'Partners of Choice' Award from David Weekley Homes
BOISE, Idaho, Aug. 14, 2006 (PRIMEZONE) -- Boise Engineered Wood Products announced today its selection as one of only nine national winners of the annual Partners of Choice Award from David Weekley Homes. The prestigious award is given to winning suppliers, or "trading partners," that have been chosen by David Weekley Homes as their best performing suppliers of the past twelve months. Only Boise and eight other companies out of approximately 150 trading partners doing business with David Weekley Homes were chosen for the prestigious "A,A" Award in 2006.