latest news releases from the newsroom
ON24 Announces Record First Half 2006 Financial Results
SAN FRANCISCO, Aug. 7, 2006 (PRIMEZONE) -- ON24 Inc., the global leader in webcasting and video communication solutions, today announced that the Company has achieved a new, all-time sales booking and revenue record for the first half of 2006. Bookings surged by 54 percent over the same period for 2005. In addition, the Company continued its streak of quarter over quarter revenue growth. The second quarter 2006 marked the twenty-second consecutive quarter of increases.
General Payment Systems, Inc.
Pacific Signs New Debit Processing and Management Contract
LODI, Calif., Aug. 7, 2006 (PRIMEZONE) -- Pacific Financial Solutions, Inc. (Pink Sheets:PFUO), a leader in providing Cashless ATMs featuring Pacific's Point-of-Banking (PBT) terminal technology, Affinity and Retail "Gift" cards and prepaid stored-value cards, announced today that its Pacific Card Services division has signed a multi-year processing agreement for stored-value and "Gift" card processing with Cubis Financial Ltd. of Las Vegas, NV.
Web.com Adopts Shareholder Rights Plan to Preserve Net Operating Loss Carryforwards
ATLANTA, Aug. 7, 2006 (PRIMEZONE) -- Web.com, Inc. (Nasdaq:WWWW), the leading destination for websites and web services for small businesses and consumers, today announced that its Board of Directors adopted a shareholder rights plan, which was entered into with the Rights Agent on August 4, 2006. The primary purpose of the shareholder rights plan is to preserve Web.com's net operating loss carryforwards, or "NOLs," for federal income tax purposes. NOLs are past losses that a corporation can use to reduce future taxable income. As of the beginning of 2006, Web.com had NOLs of approximately $300 million.
Security Intelligence Technologies, Inc.
CORRECTION -- Security Intelligence Technologies, Inc. Attends Beijing 2006 Police Show and Appoints New Distributor
NEW YORK, Aug. 7, 2006 (PRIMEZONE) -- On August 2, 2006, Security Intelligence Technologies, Inc. (OTCBB:SITG) announced that its subsidiary, Homeland Security Strategies, Inc. (HSS), recently exhibited its latest counterterrorism equipment at the 2006 Beijing Police show. While in Beijing, HSS finalized an agreement with a prominent Beijing company to market its products and technology in China.
Dialysis Corporation of America
Dialysis Corporation of America Reports Second Quarter 2006 Results
LINTHICUM, Md., Aug. 7, 2006 (PRIMEZONE) -- Dialysis Corporation of America (Nasdaq:DCAI) announced its financial results for the second quarter of 2006. Operating revenues for the second quarter were $14,458,000 compared to $11,141,000 for the same period last year, a 30% increase. Net income for the quarter was $595,000 or $.06 per share ($.06 diluted per share) compared to $444,000 or $.05 per share ($.05 diluted per share) for the same period last year, representing a 34% increase in net income. Operating revenues for the first half of 2006 were $27,675,000 compared to $21,754,000 for the same period last year, a 27% increase. Net income for the first half of 2006 was $1,114,000 or $.12 per share ($.12 diluted per share) compared to $769,000 or $.09 per share ($.08 diluted per share) for the same period last year, representing a 45% increase in net income.
Occidental Petroleum Corp.
Occidental to Acquire California and Permian Basin Properties
LOS ANGELES, Aug. 7, 2006 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE:OXY) today announced the acquisition of oil and gas assets from Plains Exploration and Production Company for $865 million. Occidental estimates that the acquisition will add proved reserves of approximately 56 million barrels of oil equivalent. The principal properties being acquired are adjacent to Occidental's existing operations in California and the Permian Basin in West Texas.