latest news releases from the newsroom
Globetech Ventures Corp.
Globetech Ventures Enters Into Lease Agreement
VANCOUVER, B.C., Aug. 19, 2002 (PRIMEZONE) -- Globetech Ventures Corporation (OTCBB:GTVCF) has entered into a Lease Agreement with Western Hemisphere Resource Exploration Ltd. of London, England, the parent company of Broken Hill Minerals Ltd. of Zambia whereby Globetech Ventures Corporation will be receiving a fixed monthly revenue for the lease of its Kabwe facility located in Kabwe, Zambia. Western Hemisphere Resource Exploration Ltd. and BHM have the right to purchase the plant within two years of the effective date of this lease agreement.
American Physicians Service Group, Inc.
American Physicians Service Group, Inc. Reports Second Quarter Earnings
AUSTIN, Texas, Aug. 19, 2002 (PRIMEZONE) -- American Physicians Service Group, Inc. ("APS") (Nasdaq:AMPH) today announced results for the quarter and six months ended June 30, 2002. For the three months ended June 30, 2002, revenues increased to $6,353,000 from $5,995,000 in the year-ago period. Net earnings were $449,000 or $.19 per share, compared to $285,000 or $.10 per share, in the comparable year-ago period. For the six months ended June 30, 2002, revenues increased to $12,292,000 from $11,583,000 in the comparable year-ago period. Net earnings were $3,051,000 or $1.26 per share, compared to $410,000 or $.15 per share in the comparable year-ago period. Excluding non-recurring investment gains and asset sales, net of income taxes, net earnings increased 44% to $409,000 for the quarter and 73% to $710,000 for the six months ended June 30, 2002.
Delhaize Group Announces Management Change, Streamlines Senior Executive Team
BRUSSELS, Belgium, Aug. 19, 2002 (PRIMEZONE) -- Delhaize Group (Euronext Brussels:DELB) (NYSE:DEG), the Belgian international food retailer, announces the reorganization of its senior executive team in the United States. Rick Anicetti becomes Chief Executive Officer of Food Lion and Bill McCanless is named Vice Chairman of Delhaize America. The chief executives of the two key U.S. businesses will now report directly to Pierre-Olivier Beckers, Chief Executive Officer of Delhaize Group.