latest news releases from the newsroom
Arkados Design for Internet Radio Earns Certification From HomePlug Powerline Alliance
PISCATAWAY, N.J., Aug. 15, 2006 (PRIMEZONE) -- At the most recent "plugfest" held by the HomePlug(r) Powerline Alliance, Arkados Inc., a wholly owned subsidiary of CDKnet.com (OTCBB:CDKN), presented a design for an Internet radio which passed the alliance's 266-point audit, and earned HomePlug certification. Powered by the Arkados(tm) AI-1100 system-on-chip (SoC), the reference design demonstrated that the Arkados implementation of the powerline communications technology complies with the HomePlug specification.
Kronos Advanced Technologies, Inc.
Kronos Secures Exclusive Global Production and Distribution Rights to EOL Air Purification, Disease Destruction Products
BELMONT, Mass., Aug. 15, 2006 (PRIMEZONE) -- Kronos Advanced Technologies, Inc. (OTCBB:KNOS) announced today that its wholly owned subsidiary, Kronos Air Technologies, Inc., a developer of proprietary air movement and purification technology, has secured royalty-free, exclusive U.S. and international production and distribution rights for air purification, disease destruction products that utilize the Kronos technology and have been developed by Kronos' Russian business partner, EOL, LLC.
American Southwest Music Distribution, Inc.
GL Energy & Exploration Announces Deal with Music World and Blockerboy Music, LLC
HOLLYWOOD, Calif., Aug. 15, 2006 (PRIMEZONE) -- GL Energy & Exploration, Inc. (OTCBB:GEEX) announced today that, through its wholly owned subsidiary American Southwest Music Distribution, Inc., it has executed a contract with Music World Entertainment to distribute albums for the boy band Mason Roads. Music World is headed by Matthew Knowles, father of recording superstar Beyonce and whose first group was Destiny's Child, a popular female R&B band established in the late 1990's. David Michery, CEO of GL Energy stated, "With Mathew's eye for talent, we believe this group could be the next big thing." Mason Roads is headed by singer/songwriter/ producer, Dallas.
BICO Inc. Consummates Merger With MobiClear Limited
DOVE CANYON, Calif., Aug. 15, 2006 (PRIMEZONE) -- BICO, Inc. (OTCBB:BICN) announced today that the merger between a wholly-owned subsidiary of BICO and MobiClear Limited was consummated, effective yesterday, August 14, 2006. MobiClear Limited is now a wholly owned subsidiary of BICO. BICO actively trades on the NASD Over the Counter Bulletin Board under the ticker symbol, BICN.OB.
Emergent Group Inc.
Emergent Group, Inc. Reports Record Second Quarter EPS of $0.10 on Record Sales Increase of 35 Percent
GLENDALE, Calif., Aug. 15, 2006 (PRIMEZONE) -- Emergent Group, Inc. (OTCBB:EMGP), a leading provider of mobile medical lasers and surgical equipment, today announced financial results for its second quarter ended June 30, 2006. Second quarter revenues increased 35% to a record $3,993,211, compared to revenues of $2,948,415 for the same period in 2005. Net income increased dramatically to a record $549,807 or $0.10 per basic share ($0.09 per diluted share) for the quarter, compared to net income of $125,275 or $0.03 per basic and diluted share for the same period in 2005. For the six months ended June 30, 2006 revenues increased 36% to $7,984,028, compared to $5,870,935 for the same period in 2005. Net income increased to $1,013,802 or $0.19 per basic share ($0.17 per diluted share) for the six months, compared to net income of $230,560 or $0.05 per basic and diluted share for the same period in 2005.
Maisonette International Enterprises Ltd.
Maisonette International Enterprises Ltd. Completes Terms of Acquisition of Maple Seal Homes Ltd., Sells Non-Core Assets
VANCOUVER, British Columbia, Aug. 15, 2006 (PRIMEZONE) -- Maisonette International Enterprises Ltd. ("the Company") (Pink Sheets:MAEN) (http://www.maisonetteworld.com) is pleased to announce that it has completed the terms of acquisition of Maple Seal Homes Ltd. "MSH," its prefabricated homes builder in Canada as of Friday, August 11th, 2006. The acquisition announced on March 27, 2006, was conditional upon the Company relinquishing a number of shares it holds in Spectre Technology Corporation in addition to its 25% ownership in both Maisonette Online PLC and its 25% ownership in Total Home Solutions, Inc. (now renamed E-Shopping Technologies Inc.).
JetBlue Airways Corporation
JetBlue Offers Special Blue Barrel Fares in Houston
NEW YORK, Aug. 15, 2006 (PRIMEZONE) -- JetBlue Airways (Nasdaq:JBLU) today announced special Blue Barrel Fares for travel between Houston, the Energy Capital of the World, and New York City. For one week starting today, the price for a barrel of oil at each day's market close(a) will determine the new one-way fare. The Blue Barrel Fare available today, August 15, is $73(b) based on yesterday's market activity.
SimCorp: Highly Satisfactory First Half-year Performance
COPENHAGEN, Denmark, Aug. 15, 2006 (PRIMEZONE) -- The financial performance was highly satisfactory in the first half-year and business activity continued to perform strongly. H1 revenue was up by 20% to EUR 55.5m. The H1 EBIT was EUR 10.0m, an improvement of EUR 4.4m. SimCorp now projects 2006 net revenue of EUR 120-125m and an EBIT margin in line with the 2005-figure.
Frontline Ltd. -- Sale Shares General Maritime Purchase of Newbuildings
HAMILTON, Bermuda, Aug. 15, 2006 (PRIMEZONE) -- Frontline Ltd. ("Frontline") announces that on August 14, 2006 it has sold its entire holding of 3,860,000 shares in General Maritime Corporation ("General Maritime") for US$40 per share. The shares were sold to World Wide Shipping. Frontline will record a gain of approximately US$9.7 million in the third quarter as a result of this sale. Frontline has, during the holding period, also recorded dividend income on the same investment of approximately US$13.3 million.