latest news releases from the newsroom
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.
Gold Medal, Inc. Offers ACE DuraFlo's ePIPE Technology to Middlesex County, New Jersey
EAST BRUNSWICK, N.J., Feb. 21, 2006 (PRIMEZONE) -- Today, Gold Medal, Inc. announces it has adopted ACE DuraFlo's ePIPE(tm) technology and will immediately offer this unique pipe restoration process to its customers in Middlesex County, New Jersey. ePIPE technology involves applying an epoxy barrier coating to an existing plumbing system which prevents pinhole leaks, increases water flow and prevents the leaching of heavy metals, such as lead, into the water supply. It can be applied to copper and galvanized pipes.
SuperCommunity Bank Conferences
Midwest 2006 SuperCommunity Bank Investor Conference, February 28 and March 1
CHICAGO, Feb. 21, 2006 (PRIMEZONE) -- The Midwest SuperCommunity Bank Conference will take place in Chicago on February 28th and March 1st. The conference will feature thirty community banks presenting to an audience of institutional investors, high net-worth individuals, and analysts from leading investment banks. The conference provides small- and mid-cap banks with an opportunity to reach a wide audience of investors specifically interested in this sector of the banking industry.