latest news releases from the newsroom
Aveta Reports 2005 Results
NEW YORK, March 29, 2006 (PRIMEZONE) -- Aveta Inc., one of the largest companies focusing on Medicare Advantage and a leader in addressing the healthcare needs of the chronically ill, reported today pro forma full-year revenues for 2005 of $938.2 million, an increase of 51.4% over pro forma revenues of $619.6 million in 2004. Pro forma earnings before interest, taxes, depreciation and amortization (EBITDA) grew 143.3% to $110.2 million in 2005, compared to pro forma EBITDA of $45.3 million in 2004. Aveta's membership base of enrolled Medicare beneficiaries grew 31.3% during 2005 to 130,543 at year's end.
Eternal Energy Corp.
Eternal Energy Corp. Raises $4.33 Million in Second Closing of Private Placement
LITTLETON, Colo., March 29, 2006 (PRIMEZONE) -- Eternal Energy Corp. (OTCBB:EERG) announced that it raised approximately $4,333,000 of financing in the second closing of a private placement from issuance of its common stock and warrants to purchase common stock to accredited investors. The second closing occurred on March 29, 2006, which together with the first closing that occurred on March 2, 2006, raised an aggregate of approximately $5,938,000. In connection with the second closing, Eternal Energy issued 8,666,000 units of common stock and common stock purchase warrants, with each unit consisting of one share of its common stock and warrant to purchase one share of its common stock, at a per unit purchase price of $0.50. The warrants have an exercise period of two years and an exercise price of $1.00 per share. The warrants will be exercisable in cash, representing potential additional proceeds of $8,666,000, assuming the warrants are fully exercised in cash. The warrants also provide for cashless exercise under certain circumstances.
Evercel Announces Completion of Merger
HINGHAM, Mass., March 29, 2006 (PRIMEZONE) -- Evercel, Inc. (Pink Sheets:EVRC) today announced that it has completed its merger with Sontek Industries, Inc. A total of 80 percent of the eligible Sontek shareholders have voted. All votes were in favor of the merger.
SmallCap Sentinel: Anti-Viral Drug Companies Stake Claim in Baby Boomer Driven Market
IRVINE, Calif., March 29, 2006 (PRIMEZONE) -- "Antiviral companies are aggressively developing new candidates for the burgeoning health care sector, driven most obviously by the enormous group of Baby Boomers," stated SmallCap Sentinel analyst D.R. Clark. "The first of the Boomers hit sixty years of age on the first of this year. And that's just the beginning of this enormous demographic of Americans heading for their greatest health care need years."