latest news releases from the newsroom
Blyth, Inc. Reports 2nd Quarter Sales and Earnings
GREENWICH, Conn., Aug. 24, 2005 (PRIMEZONE) -- Blyth, Inc. (NYSE:BTH), a leading designer and marketer of home fragrance and home decor products, today reported that Net Sales for the second quarter ended July 31, 2005 increased approximately 1% to $292.2 million compared with $289.1 million a year earlier. Operating Profit for the quarter was $9.5 million compared to $19.0 million for the prior year period. Net Earnings for the quarter were $4.2 million versus $9.4 million a year earlier. Diluted Net Earnings Per Share for the quarter were $0.10 per share compared to $0.21 for the same period last year. Included in the second quarter results was a favorable U.S. state settlement that allowed for a reserve reversal of $5.5 million.
Pharmexa: Interim Report for the First Six Months of 2005
HORSHOLM, Denmark, Aug. 24, 2005 (PRIMEZONE) -- Summary: The Pharmexa Group generated revenue of DKK 1,756 thousand in the first six months of 2005 and realised a net loss of DKK 59,065 thousand. Research and development costs totalled DKK 46,741 thousand. Pharmexa maintains its previous financial forecast for the full year.
Industrial Nanotech, Inc.
Industrial Nanotech to Target Automotive Industry to Keep Car Interiors Cooler and Reduce Fuel Consumption
NAPLES, Fla., Aug. 24, 2005 (PRIMEZONE) -- Industrial Nanotech, Inc. (Pink Sheets:INTK), a leader in the development and commercialization of nanotechnology related products, today announced that the Company has signed a development agreement with a leading scientific group to produce a prototype of, and the high volume manufacturing equipment specifications for, a re-engineered version of the current nanocomposite used by Industrial Nanotech, to target the automotive industry.
Green Energy Resources
Green Energy Resources to Issue FTSE IPO, also Seeks Company Chairman
HUNTINGTON, N.Y., Aug. 24, 2005 (PRIMEZONE) -- Green Energy Resources (Pink Sheets:GRGR) has begun a search for a company chairman. The position will be filled in advance of listing on the London stock market. The chairman will be U.K.-based and internationally respected in the business community. Current plans are to issue an IPO in January 2006 to raise approximately $25 million dollars for operations in the United States.
Pergo Sharpens Focus on Growth and Profitability
STOCKHOLM, Sweden, Aug. 24, 2005 (PRIMEZONE) -- Pergo, a leading flooring company, today arranged a capital market day in Stockholm. Tony Sturrus, CEO of Pergo, stated that there are excellent opportunities for growth throughout the Company over the next two years. The most immediate and biggest opportunity exists in North America, where the laminate flooring market is expected to grow by 10-12 percent annually and the PERGO(R) brand is most well known. Pergo anticipates profit improvement during the latter part of 2005 due to growth in North America and by completed investments made in both Europe and the USA.
Itec Environmental Group, Inc.
Itec Environmental Group, Inc. Closes The Elevation Fund, LLC Investment and Engages Capital Growth Financial, LLC for Additional Financing
RIVERBANK, Calif., Aug. 24, 2005 (PRIMEZONE) - Itec Environmental Group, Inc. (OTCBB:ITEC) today announced that it has successfully completed its investment with The Elevation Fund, LLC (Elevation). Proceeds from the Elevation investment will be delivered by Itec to the California Integrated Waste Management Board (CIWMB) in connection with satisfying certain conditions regarding the $2,000,000 low-interest "matching funds" loan through CIWMB's Recycle Market Development Zone Loan (RMDZ) Program. This will enable Itec to begin drawing upon the RMDZ $2,000,000 loan to secure equipment for Itec's first Eco2(tm) Environmental System Plant. In addition, Capital Growth Financial, LLC (CGF), has been engaged by Itec to secure up to $500,000 in working capital. Itec expects to close on the $500,000 investment within the next week.