latest news releases from the newsroom
Contract with Infomercial Specialist Mercury Media Signals Pre-Launch Plans for The Children's Internet
PLEASANTON, Calif., Aug. 30, 2005 (PRIMEZONE) -- The Children's Internet, Inc. (OTCBB:CITC), marketers of the product ranked by PC Magazine as Editors' Choice in the category of "Kids' Browsers and Services", today announced that it has signed a contract with Mercury Media of Santa Monica, CA, to exclusively manage the distribution of its television Infomercial. Mercury Media is an advertising agency that specializes in purchasing broadcast television airtime for direct response advertising.
Golar LNG -- Second Quarter results
OSLO, Norway, Aug. 30, 2005 (PRIMEZONE) -- Golar LNG reports operating income of $11.6 million for the three months ended June 30, 2005 and a net loss of $4.4 million as compared to operating income of $18.3 million and net income of $17.3 million for the first quarter of 2005 ($18.0 million and $19.2 million (a), respectively, for the second quarter of 2004). Net cash provided by operating activities remains positive for the quarter at $11.5 million, compared to $20.6 million for the first quarter of 2005.The results for the second quarter have been impacted by the mark-to-market revaluation of interest rate swaps, which has resulted in a net loss (after minority interests) of $8.0 million and foreign exchange and currency swap losses in respect of the Company's leases of $2.2 million. Both these items, which total a charge for the quarter of $10.2 million (net gain of $4.0 million for the last quarter), are unrealised and therefore have no cash impact. Interest rate swap losses were impacted during the second quarter of 2005 due to long-term interest rates hitting a relative low point at the end of June 2005.
Trintech Group Plc
O2 Chooses Trintech's ReconNET for Transaction Reconciliation and ExecuNET for Business Analysis
DUBLIN, Ireland and DALLAS, Aug. 30, 2005 (PRIMEZONE) -- Trintech Group Plc (Nasdaq:TTPA), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced that U.K. mobile communications provider O2 has selected ReconNET to automate the verification and reconciliation of its cash, checks, credit card transactions and customer billing system payment receipts. The company will also use ExecuNET for business analysis and to identify trends in funds management processes.