latest news releases from the newsroom
Metso to Supply Linerboard Machine to Zhejiang JiAn Paper Packet Co. in China
HELSINKI, Finland, Oct. 20, 2006 (PRIMEZONE) -- Metso Paper will supply a linerboard machine to Zhejiang JiAn Paper Packet Co., Ltd. in China. The machine, which will have an annual capacity of about 450,000 tonnes, will come on stream in Haiyan, Zhejiang province, in 2007. The value of the order is not disclosed. Metso's new local unit, Metso Paper Technology (Shanghai) Co. Ltd., plays a vital role in the delivery.
San Luis Trust Bank
San Luis Trust Bank Reports 3Q 2006 Earnings of $0.27 Per Share
SAN LUIS OBISPO, Calif., Oct. 19, 2006 (PRIMEZONE) -- San Luis Trust Bank (SNLS) has reported diluted earnings of $0.27 per share for the third quarter of 2006 on net income of $1.18 million. Year-to-date net income has increased 29% to $4.0 million compared to $3.09 million for the first 9 months of 2005. Third quarter earnings were a 22% increase over 2005 third quarter earnings of $0.97 million.
XsunX: Featured Exhibitor, Interviewee at Solar Power 2006
ALISO VIEJO, Calif., Oct. 19, 2006 (PRIMEZONE) -- XsunX, Inc. (OTCBB:XSNX), developer of advanced manufacturing systems and cell structures for solar energy, reports a successful showing at Solar Power 2006, a business to business show held at the San Jose McEnery Convention Center.
Encysive Pharmaceuticals Inc.
Encysive Pharmaceuticals Secures Equity Financing Commitment
HOUSTON, Oct. 19, 2006 (PRIMEZONE) -- Encysive Pharmaceuticals (Nasdaq:ENCY) today announced that it has secured a commitment for up to $75 million in a common stock equity financing from Azimuth Opportunity Ltd. During the 18-month term of the commitment, Encysive may sell at its sole discretion registered shares of its common stock to Azimuth at a predetermined discount to the market price. Encysive will determine the timing and amount of any sales of its stock, subject to certain conditions. Acqua Capital Management is an advisor to Azimuth Opportunity.