latest news releases from the newsroom
InRob Tech Ltd.
InRob to Deliver First Products Involving Its Project with Caterpillar and Ramta
LAS VEGAS, July 27, 2006 (PRIMEZONE) -- InRob Ltd. ("InRob") (OTCBB:IRBL), a leader in the development and production of advanced wireless control systems and integrated solutions for unmanned ground vehicles (UGV), today announced that the first products for a development project involving Caterpillar, Ramta and InRob, are in their final stages of production and anticipates imminent delivery.
SmallCapReview Names Tam of Henderson as New 'Focus Stock'
CHARLOTTE, N.C., July 27, 2006 (PRIMEZONE) -- SmallCapReview.com (http://www.SmallCapReview.com), a leading small-cap stock information site, is pleased to introduce Tam of Henderson (OTCBB: TMHN) to its database of subscribers and its website audience. Tam of Henderson, through its wholly owned subsidiary, Yu Zhi Lu Aviation Service Company Ltd. ("YZL"), is engaged in travel services pertaining to domestic and international lines through Hong Kong, Macau, and Taiwan.
Old National Bancorp
Old National Reports Second-Quarter Earnings of $20.2 Million, or $.30 Per Share; Year-to-Date Earnings Per Share Increase 3.4% Over 2005
EVANSVILLE, Ind., JULY 27, 2006 (PRIMEZONE) -- Old National Bancorp (NYSE:ONB) today reported earnings of $20.2 million, or $.30 per share, for the second quarter of 2006, down $.01 from the $.31 per share earned in the first quarter of the year. Old National had no discontinued operations to report for the second quarter. Earnings from continuing operations and net income for the second quarter of 2005 were $24.7 million, or $.37 per share, and $25.2 million, or $.37 per share, respectively.
Friendly Energy Corporation
Friendly Energy Drilling Update July 27, 2006: North Asher No. 1 Prospect
CARSON CITY, Nev., July 27, 2006 (PRIMEZONE) -- Friendly Energy Corp. (Pink Sheets:FDEG) reports today that the drilling has attained a total depth of approximately 3300 feet as of July 26th. The progress has been slowed due to mechanical difficulties with the State-required environmentally protective "Closed Tank System" and a mud-pump failure which cost a total of twenty-one hours of drilling time over the last forty-eight hours. The company's joint venture partner, D-Mil Productions reports that the drilling has proceeded, without delay since repair, with three crews working eight hours per shift, twenty-four hours per day. It is anticipated that the well logging will begin late Sunday or early Monday as previously reported, delayed marginally by the drill rig down time.
Wolverine Tube Inc.
Wolverine Tube Reports Second Quarter 2006 Results
HUNTSVILLE, Ala., July 27, 2006 (PRIMEZONE) -- Wolverine Tube, Inc. (NYSE:WLV), today reported its results for the second quarter of 2006. Net income for the quarter ended July 2, 2006 was $6.4 million or $0.42 per diluted share as compared to a net loss of $5.7 million, or $0.38 per share in the second quarter of 2005. Included in the net income for the second quarter of 2006 is $2.1 million of charges related to consultants and advisory fees incurred in connection with our strategic planning and evaluation of balance sheet restructuring options, and $1.0 million representing a write down to net realizable value for equipment taken out of service, and held for sale. Excluding these charges net income would have been $8.5 million or $0.56 per diluted share.
Ocwen Financial Corp.
Ocwen Financial Corporation Announces Second Quarter 2006 Net Income
WEST PALM BEACH, Fla., July 27, 2006 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN) today reported net income of $159.1 million or $2.53 per share for the second quarter of 2006. This compares to $2.9 million or $0.05 per share for the second quarter of 2005. For the six months ended June 30, 2006 net income was $175.6 million or $2.79 per share as compared to $5.3 million or $0.08 per share for the same period in 2005. Second quarter results include a tax benefit of $141.7 million, primarily reflecting the reversal of $145.2 million of the valuation allowance that had been established in prior years.
Northrop Grumman Corp.
Northrop Grumman Reports Second Quarter 2006 Results
LOS ANGELES -- July 27, 2006 -- Northrop Grumman Corporation (NYSE:NOC) reported second quarter 2006 income from continuing operations of $442 million, or $1.26 per diluted share, compared with $369 million, or $1.01 per diluted share, for the same period of 2005. Second quarter 2006 sales were $7.6 billion compared with $7.8 billion in the second quarter of 2005. Second quarter 2006 and second quarter 2005 operating results reflect the reclassification of certain operations from continuing to discontinued operations.