latest news releases from the newsroom
Nord Resources Corporation
Nord Resources Corporation Announces Failure by Platinum Diversified Mining, Inc. to Pay Termination Fee Under Merger Agreement
TUCSON, Ariz., Feb. 21, 2007 (PRIME NEWSWIRE) -- Mr. Ronald Hirsch, Chairman of the Board of Directors of Nord Resources Corporation ("Nord") (Pink Sheets:NRDS) announced today that Platinum Diversified Mining, Inc. ("Platinum") has failed to pay the $2,000,000 termination fee demanded by Nord in connection with the termination of the Merger Agreement respecting the proposed acquisition of Nord by Platinum (the "Merger"). In its Notice of Termination dated February 15, 2007, Nord demanded payment of the termination fee no later than the close of business on Tuesday, February 20, 2007, and placed Platinum on notice that it has reserved all of its rights to pursue Platinum for damages.
MediciNova to Present Phase II Clinical Trial Results for MN-001, a Novel Oral Treatment for Bronchial Asthma, at the 2007 AAAAI Annual Meeting
SAN DIEGO, Feb. 21, 2007 (PRIME NEWSWIRE) -- MediciNova, Inc. (Nasdaq:MNOV) (Hercules Market of the Osaka Securities Exchange: Code Number: 4875), a biopharmaceutical company focused on accelerating the global development and commercialization of innovative pharmaceutical products, today announced that one of its clinical investigators will present data from a Phase II clinical study of MN-001, MediciNova's investigational oral treatment for bronchial asthma. As previously announced, MN-001 was well tolerated and significantly improved measures of respiratory function in asthma patients compared to placebo in this trial.
Falken Industries Limited
Increased Revenue and Eastward On for Falken Industries
PARIS, Feb. 21, 2007 (PRIME NEWSWIRE) -- On January 1st, 2007, the European Union welcomed its two newest members, Bulgaria and Romania. Falken Industries has announced its entry into this new Eastern European market with a recent order of EUR 42,000 (USD 55,000) worth of Clean Plus(r) Auto Care "Pro" products from a Romanian distributor.
Ocwen Financial Corp.
Ocwen Financial Corporation Announces Receipt of Dividend From BMS Holdings, Inc.
WEST PALM BEACH, Fla., Feb. 21, 2007 (PRIME NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) today announced receipt of a capital distribution in the amount of approximately $45.9 million from BMS Holdings, Inc., which was equal to Ocwen's original investment in BMS Holdings. Ocwen maintains a 46% ownership position in BMS Holdings, Inc., a holding company for the largest national provider of Chapter 7 bankruptcy case management solutions to Chapter 7 bankruptcy trustees.
Scientific Industries Reports Earnings for Second Quarter and Six Months
BOHEMIA, N.Y., Feb. 21, 2007 (PRIME NEWSWIRE) -- Scientific Industries Inc. (OTCBB:SCND), reported yesterday net income of $146,700 ($0.14 per basic share) on net sales of $2,066,200 and $69,100 ($0.7 per basic share) on net sales of $1,263,300 for the six months and three months ended December 31, 2006, respectively. For the six and three month periods ended December 31, 2005, net income was $186,600 ($0.19 per basic share) and $89,700 ($0.09 per basic share), respectively, on net sales of $1,818,100 and $928,100, respectively.
NearbyNow Holiday Shopping Data Reveals How Consumers Use the Web to Research Local Purchases
LOS ALTOS, Calif., Feb. 21, 2007 (PRIME NEWSWIRE) -- NearbyNow, Inc., an online service that allows consumers to search all products and sales available at local shopping centers using the Internet or mobile phones, today released consumer behavior data from thousands of users of NearbyNow's proximity search service during the past Holiday season. NearbyNow is the first company to deliver a Web-based service for shopping centers and retailers using Internet and mobile search technology to drive in-store foot traffic.