latest news releases from the newsroom
Efficacy, Inc. Corporate Update
LAS VEGAS, July 19, 2005 (PRIMEZONE) -- The Buffalo Group/Efficacy (Pink Sheets:EFCY), specializing in homeland security products, regrets to announce the release of our previous Investor Relations personnel. Due to recent inquiries by various shareholders, it has come to our attention that our drop in share price may be due to selling by various individuals who to date may have sold shares into the marketplace without providing the goods and services offered to the company.
GB&T Bancshares, Inc.
GB&T Bancshares Reports Second Quarter Net Income
GAINESVILLE, Ga., July 19, 2005 (PRIMEZONE) -- GB&T Bancshares, Inc. (Nasdaq:GBTB), a fast-growing multi-bank holding company operating six community banks in markets surrounding Atlanta, Georgia, reported second quarter 2005 net income of $1.4 million compared with $2.2 million reported for the second quarter of 2004. As previously announced, an additional $2.9 million provision was made to the Company's loan loss reserves for the second quarter of 2005 due to the further impairment of an inherited single loan relationship originated through its wholly-owned subsidiary, Home Town Bank of Villa Rica ("HTB") prior to acquisition. Management views this additional charge as an isolated event and believes that the Company's business fundamentals remain strong. For the second quarter of 2005, loans increased 54.6 percent and core deposits increased 39.3 percent, resulting in 41.3 percent revenue growth compared with the prior-year quarter.
ATA Airlines, Inc.
ATA Airlines Adds Three New Florida Cities from Chicago-Midway
INDIANAPOLIS, July 19, 2005 (PRIMEZONE) -- ATA Airlines, Inc., the primary subsidiary of parent company, ATA Holdings Corp. (Pink Sheets:ATAHQ), today announced the addition of nonstop service to three new Florida cities and more flights to a fourth Sunshine State city from Chicago's most convenient airport, Midway, beginning in October 2005. Introductory fares are each way based on round-trip purchase in coach class and are available on ata.com for as low as $79 (see Note) with a 14-day advance purchase for travel between October 29, 2005 and February 14, 2006. The introductory fares must be purchased before Midnight (E.D.T.) on August 16, 2005.
TelePlus Enterprises, Inc.
TelePlus Closes over $40 Million in Financing
MONTREAL, July 19, 2005 (PRIMEZONE) -- TelePlus Enterprises, Inc. (OTCBB:TLPE) (http://www.teleplus.ca), a vertically-integrated provider of wireless and landline communications products and services across North America, is pleased to announce that it has closed a financing arrangement with Cornell Capital Partners, LP ("Cornell") providing the Company access to over $40M in capital.
New Life Scientific Inc.
New Life Scientific and Invapharm Announce Milestone in Collaborative Project
FREEHOLD, N.J., July 19, 2005 (PRIMEZONE) -- New Life Scientific (OTCBB:NWLF) and Invapharm LLC have announced that their collaborative effort "Invamed" has reached a significant corporate milestone of 50 percent patient recruitment in the Phase II study of a new delivery system in the treatment of patients with ulcerative colitis. The study expected to be completed in the fourth quarter of 2005 and the summary report available by the end of 2005.
ER Urgent Care Centers
ER Urgent Care Center Opens New Location
MIAMI, July 19, 2005 (PRIMEZONE) -- ER Urgent Care (Pink Sheets:ERUG) announces the opening of its 5th center scheduled for July 21, 2005. This comes 6 weeks after arriving at an agreement with South Florida Medical Financial Group to execute a joint venture on a practice purchase. This new addition is located at 18648 Northwest 67th Avenue in Miami Lakes, Florida. The practice has been in business for over 18 years and has a patient volume of over 60 patients per day. "We are confident that this profit center will be one of the highest producing revenue streams in the region for our network of urgent care centers," explains Jerry Miller, ERUG Founder and Executive Director.