latest news releases from the newsroom
Port of Houston Authority
Lanier Appointed to Houston Port Commission
HOUSTON, Feb. 21, 2006 (PRIMEZONE) -- The Port of Houston Authority (PHA) today announced that Elyse Lanier has been sworn in as a member of the port's board of commissioners. Appointed by vote of the Harris County Commissioners Court, Lanier will officially begin her term when the port commission convenes for its next public meeting at 2 p.m. on Monday, February 27 in the 4th floor board room of the PHA Executive Office Building, located at 111 East Loop North (exit 29 off Loop 610).
CTR Investments & Consulting, Inc.
CTR Investments & Consulting Announces New Sales Office
PASADENA, Md., Feb. 21, 2006 (PRIMEZONE) -- CTR Investments & Consulting, Inc. (Pink Sheets:CIVX) announces the opening of the companies sales facility located at 12330 Pinecrest Road Suite 100 Reston Va., the phone number is 703-340-8692. Mr. Janik, in an effort to communicate with the company's shareholders during this period of increased corporate activity states, " That this office will accommodate the marketing needs of the organization on a go forward basis."
Ocwen Financial Corp.
Ocwen Named One of World's Top Outsourcing Providers
WEST PALM BEACH, Fla., Feb. 21, 2006 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN), the largest global outsourcer of transaction processing solutions for the mortgage industry, has been named one of the world's top outsourcing providers by the International Association of Outsourcing Professionals (IAOP).
Biogenerics Limited: Tyche Energy Finishes Construction of the Charring Cross Production Facility
TORONTO, Feb. 21, 2006 (PRIMEZONE) -- Biogenerics Limited (the "Company") (Pink Sheets:BIGN) announces that Tyche Energy Inc. ("Tyche") advises it has completed construction of the production facilities and sales gas pipeline at its Charring Cross property located in Harwich Township, Kent County, Ontario. The production facilities process sour gas from the RPI#7 Harwich 1-1-18-IV WCR well and deliver sweet gas via a 2.1 kilometer sales gas pipeline to a meter site tied into the Union Gas Limited pipeline system.
ReelTime Secures Capital Through Technology Agreement with Grid Network Systems
SEATTLE, Feb. 21, 2006 (PRIMEZONE) -- ReelTime Rentals, Inc. (Pink Sheets:RLTR) today announced that the Company has entered into an agreement with Grid Network Systems, Inc. to transfer the rights to certain technology in exchange for cash and future services. This agreement provides Reeltime with additional capital to move forward with its launch of an online movie rental service and establishes Grid Network Systems as one of the Company's primary hosting partners.
Resolve Staffing, Inc.
Resolve Staffing to Merge with ELS
CINCINNATI, Feb. 21, 2006 (PRIMEZONE) -- Resolve Staffing, Inc. (OTCBB:RSFF) today announces that it has reached an agreement in principle to merge with ELS Human Resource Solutions, Inc. (ELS), headquartered in Cincinnati, Ohio to create a national human resource outsourcing provider. ELS (www.elshr.com), a professional employer organization (PEO), manages a payroll of over 10,000 worksite employees in over 40 states and has operation and service centers throughout the country. ELS' 2005 gross (non-GAAP) revenues were over $200 million, which equates to approximately $50 million in net (GAAP) revenues and $3.5 million in Pretax Profit. After merging the two companies, Resolve Staffing will have approximately 21 million shares outstanding (fully diluted), thus increasing earnings approximately $.14 to $.17 per fully diluted share. Moreover, Resolve anticipates the synergies resulting from the merger, as well as additional organic growth and acquisitions, will have a substantive positive impact on earnings going forward.
Acura Pharmaceuticals Inc.
Acura Pharmaceuticals, Inc. Reports 2005 Financial Results, and Updates OxyADF Tablet Development, Commercial Strategy and Cash Reserves
PALATINE, Ill., Feb. 21, 2006 (PRIMEZONE) -- Acura Pharmaceuticals, Inc. (OTCBB:ACUR) today announced a net loss of $7.1 million or $0.04 per share for the quarter ending December 31, 2005 compared to a net loss of $2.1 million or $0.09 per share for the same period in 2004. For calendar year 2005 the Company had a net loss of $12.1 million or $0.18 per share compared to a net loss of $70.0 million or $3.20 per share in 2004. The 2004 net loss includes a charge of $72.5 million for amortization of debt discount and private debt offering costs, and a gain of $14.6 million from debt restructuring and divestment of non-strategic assets. Highlights of the Company's consolidated balance sheet and statements of operation appear below. Detailed financial statements are included in the Company's 2005 Form 10-K filed with the Securities and Exchange Commission.