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Timberline Resources Corporation
Timberline Appoints Randal Hardy as Chief Executive Officer
COEUR D'ALENE, Idaho, Aug. 29, 2007 (PRIME NEWSWIRE) -- Timberline Resources Corporation ("Timberline") (OTCBB:TBLC) announced today that Randal Hardy has been appointed Chief Executive Officer and Chief Financial Officer effective Monday, August 27, 2007. Former CEO John Swallow will move to the newly created position of Executive Chairman of the Board and will remain involved with the Company on a day-to-day basis, leading corporate development efforts.
GenTek Inc. Reports Second Quarter 2007 Results; Posts a 7 Percent Increase in Revenue; and Announces Earnings Call Thursday, August 30, 2007, 11 A.M. E.T.
PARSIPPANY, N.J., Aug. 29, 2007 (PRIME NEWSWIRE) -- GenTek Inc. (Nasdaq:GETI) today announced results for the second quarter ended June 30, 2007. For the Second quarter of 2007, GenTek had revenues totaling $159.5 million and operating profit of $13.2 million, after a $1.6 million restructuring and impairment charge. This compares to revenues of $148.4 million and operating profit of $15.9 million in the prior-year period, after restructuring and impairment charges of $0.9 million. The shortfall in year over year operating profit is primarily due to weak performance in the automotive market. The Company recorded income from continuing operations of $4.7 million, or $0.40 per diluted share, compared to income from continuing operations of $2.9 million, or $0.27 income per diluted share, in the second quarter of 2006.