latest news releases from the newsroom
Northwest Bancorporation, Inc.
Northwest Bancorporation, Inc. Announces First Quarter Financial Information
SPOKANE, Wash., April 17, 2006 (PRIMEZONE) -- Christopher C. Jurey, Executive Vice President & Chief Financial Officer of Northwest Bancorporation, Inc. (OTCBB:NBCT), the parent company of Inland Northwest Bank (the "Bank"), today announced first-quarter 2006, year-to-date, net income for the Company of $609,336. Earnings increased $159,316 (35%) over results reported for the same quarter in 2005. Fully diluted earnings-per-share for the first-quarter in 2006 are $0.28, a $0.07 improvement over the $0.21 earned per share in the first-quarter of 2005. Annualized return on average assets for the first-quarter 2006 reports at 0.97%, with return on average equity reporting at 11.1%.
Park National Bank
Park National Corporation Elects Dixon to Board of Directors
NEWARK, Ohio, April 17, 2006 (PRIMEZONE) -- The Park National Corporation (Park) (AMEX:PRK) has elected Robert E. Dixon to its board of directors, increasing the number of directors from 13 to 14. Dixon was unanimously recommended by the board's nominating committee, based on his qualifications and experience as a Certified Public Accountant. He was also appointed to the board's audit committee.
The Smith & Merritt Institute
The Smith & Merritt Institute Opens
SALT LAKE CITY, April 17, 2006 (PRIMEZONE) -- Kathryn Merritt and Daniel Reed Smith, after two years of planning, announce the opening of the Smith & Merritt Institute, LLC. The Smith and Merritt Institute (SMI), is an educational organization dedicated to teaching the principles of financial freedom.
Scott+Scott Sues Northfield Laboratories on Investors' Behalf; Disclosure of Previously Secret Study Results Stuns the Market -- NFLD
COLCHESTER, Conn., April 17, 2006 (PRIMEZONE) -- On April 17, 2006, Scott+Scott, LLC filed a securities class action in the U.S. District Court for the Northern District of Illinois against Northfield Laboratories, Inc. (Nasdaq:NFLD) ("Northfield" or the "Company") and CEO Stephen A. Gould on behalf of all securities purchasers between February 20, 2004, and February 21, 2006, inclusive (the "Class Period"), for securities law violations. Northfield primarily develops PolyHeme, a blood substitute, which is currently the subject of a Phase III clinical trial. According to the complaint, unbeknownst to investors, despite glowing reviews of its current PolyHeme study, Northfield failed to disclose material adverse facts from its earlier PolyHeme studies. Consequently, as the complaint alleges, investors purchased Northfield shares at artificially inflated prices during the Class Period.
Execute Sports, Inc.
Execute Sports Announces Launch of EagleRider Apparel Summer Line
SAN DIEGO, April 17, 2006 (PRIMEZONE) -- Execute Sports, Inc. (OTCBB:EXCS) announced today that it is launching its summer line of licensed EagleRider apparel on May 15 at more than twenty EagleRider dealerships throughout the nation, and online at www.eagleridergear.com. Execute Sports owns the exclusive worldwide merchandising and distribution rights for the EagleRider brand.
Rockelle Announces Third State For Stewart's Franchise Expansion
MILLER PLACE, N.Y., April 17, 2006 (PRIMEZONE) -- Rockelle Corporation (OTCBB:RKLC), a developer, franchiser, owner and operator of specialty food restaurants and other related concepts, is pleased to announce Maryland as the next State in its Stewart's Original Root Beer Restaurant franchise expansion. Rockelle has already signed contracts and completed the permit process for two new sites. With recent press releases announcing the first three Stewart's franchises, one in PA and two in FL, already underway, this announcement brings Rockelle's total to five new locations. As with Rockelle's first three franchises, these two new locations will also be constructed inside one of the world's largest retailers.
Clean Hydrogen Producers, Ltd.
EPP Secure Launches MenuPromote; Management Anticipates Company Revenues to Reach $25 Million
TORONTO, April 17, 2006 (PRIMEZONE) -- American Associates Group, Inc. (Pink Sheets:AASG), having recently acquired EPP Secure, proudly announces EPP Secure's and Apptomix's launch of MenuPromote. MenuPromote is a turnkey solution for independent, chain restaurants and grocery delis to create and maintain pictorial, full color, multi-dimensional, interactive online menus. Patrons can search the store nearest them, view specials, and place and pay for orders online. The system, ideal for virtually any quick service or casual dining establishment, allows menu creation and management on a corporate, national, regional or local basis. MenuPromote supports the creation of a customer database and subsequent creation and distribution of electronic email promotions and digital coupons.
Golden Patriot Corp.
Golden Patriot, Corp. Closes First Tranche of $2,000,000 Private Placement
UNIONDALE, N.Y., April 17, 2006 (PRIMEZONE) -- Golden Patriot, Corp. ("Golden Patriot" or the "Company") (OTCBB:GPTC) announced today it has closed an initial $700,000 portion of a $2,000,000 financing. The Company anticipates closing the next tranche of $600,000 within the next 30 days. The Company issued securities to AJW Partners, LLC, AJW Offshore, Ltd., AJW Qualified Partners, LLC, and New Millennium Capital Partners II, LLC based on exemptions from registration as set out in Regulation S, Rule 506 of Regulation D and Section 4(2) of the Securities Act of 1933, as amended.