latest news releases from the newsroom
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.
HCC Insurance Holdings, Inc.
HCC Insurance Holdings, Inc. Updates Status of Delayed Filing of Second Quarter 2006 Form 10-Q
HOUSTON, Aug. 14, 2006 (PRIMEZONE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) announced that it will delay filing its quarterly report on Form 10-Q for the quarter ended June 30, 2006 until completion of an independent review of its stock option granting practices. As previously disclosed in a Form 12b-25 filed with the Securities and Exchange Commission on August 9, 2006, the Company's management initiated a voluntary internal review of its stock option granting practices. The voluntary review found that in some instances the grant date may differ from the date used to record certain prior option grants, which could mean those grants may have been recorded incorrectly. Thereafter, the Board of Directors authorized its Audit Committee to conduct a comprehensive independent review of the Company's stock option granting practices from 1995 to the present. The Audit Committee has engaged independent counsel to assist in the review. This review is ongoing and no conclusions have been reached. The Company voluntarily notified the staff of the SEC of its review and the SEC has initiated an informal inquiry into this matter. The Company intends to fully cooperate.
Break Out of Your Cocoon Through This Book!
HYATTSVILLE, Md., Aug. 14, 2006 (PRIMEZONE) -- Even during times of crisis or painful trials, hope exists as long as you have faith and a strong vision. Author Anika-Tene' went through major trials in her life and through those times learned to value the sometimes difficult journey to new birth. With the release of her new book When Worms Take Flight, readers will discover a wealth of literature specially created by the author to help them unleash their wings.
Office of Senator Vincent Hughes
Pennsylvania Senator Vincent Hughes' Voice Resounds at XVI International AIDS Conference
TORONTO, Aug. 14, 2006 (PRIMEZONE) -- Pennsylvania Senator Vincent Hughes' voice is reverberating at the XVI International AIDS Conference being held this week in Toronto, Canada. At the start of the conference on Sunday, August 13, 2006, Hughes presented on a panel that explored "The Way Forward: The State of AIDS In Black America." He also participated in a press conference held earlier today that included Julian Bond, Chairman of the NAACP, U.S. Rep. Maxine Waters, Cheryl Cooper, National Council of Negro Women, George Curry, National Newspaper Publishers Association, H. Alexander Robinson, National Black Justice Coalition, Grazell Howard, National Coalition of 100 Black Women, and Pernessa Seele, The Balm In Gilead, among others.