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Alta Mesa Holdings, LP
Meridian Resource Announces Third Quarter Financial Results
HOUSTON, Nov. 7, 2007 (PRIME NEWSWIRE) -- The Meridian Resource Corporation (NYSE:TMR) today announced its third quarter 2007 financial results. These results reflect that the Company is on track with its previously stated strategic goals and expectations. The Company's primary strategic goal is to increase reserves and production by diversifying its asset base into longer-lived areas outside the Louisiana Gulf Coast. The results of this diversification effort will be a more balanced portfolio of lower risk, lower rate wells, which will decline slower and last longer combined with higher rate (shorter life) wells typically found in the Louisiana Gulf Coast. This strategic shift in focus will ultimately increase reserves, daily production (and its predictability) and reduce reinvestment risk. This effort is designed to increase the earnings per share and cash flow multiples that the Company receives on its share price.
SmartPros Reports Third Quarter 2007 Financial Results
HAWTHORNE, N.Y., Nov. 7, 2007 (PRIME NEWSWIRE) -- SmartPros Ltd. (AMEX:PED), a leader in the field of accredited professional education and corporate training, today announced its third quarter financial results for the three and nine months ended September 30, 2007. A conference call to discuss earnings is scheduled for Wednesday November 7, at 4:15 PM ET.