latest news releases from the newsroom
Delta Air Lines, Inc.
Delta Air Lines Receives Court Approval to Reinstate a Severance Program
ATLANTA, Feb. 22, 2006 (PRIMEZONE) -- Delta Air Lines, Inc. today announced that the U.S. Bankruptcy Court for the Southern District of New York granted approval to reinstate a modest severance program for the company's officers and directors, the only employees who have not had severance or furlough protection since the September 2005 Chapter 11 filing. CEO Jerry Grinstein and COO Jim Whitehurst, both among the lowest-compensated executives in similar-sized U.S. companies, have elected not to participate in the program.
U.S. MedSys. Corporation
U.S. MedSys Corp. Continues to Record Revenue Growth for the First Half of Fiscal 2006
HASBROUCK HEIGHTS, N.J., Feb. 22, 2006 (PRIMEZONE) -- U.S. MedSys Corp. (OTCBB:UMSY) (the "Company") is pleased to announce the filing of its Form 10-QSB for the second quarter of fiscal 2006 which showed continued revenue growth for the fifth straight quarter. For the second quarter of fiscal 2006, the Company recognized net revenue of $953,074 compared to net revenue of $20,671 for the second quarter of fiscal 2005. Gross profit from operations was $244,240 and $20,671 for the respective periods.
Nancy S. Newcomb Elected to SYSCO's Board of Directors
HOUSTON, Feb. 22, 2006 (PRIMEZONE) -- SYSCO Corporation (NYSE:SYY) today announced that Nancy S. Newcomb has been elected a member of its Board of Directors, expanding the size of the Board to 12 members. Ms. Newcomb will serve on the Board's Audit and Finance Committee until the company's Annual Meeting of Shareholders on November 10, 2006. At that time she will stand for reelection by shareholders for a three-year term.
Pacific Advanced Technology, Inc.
GIT and Coast Air Survey Successfully Test Sherlock for Airborne Pipeline Leak Monitoring
SANTA BARBARA, Calif., Feb. 22, 2006 (PRIMEZONE) -- Gas Imaging Technology, LLC, (GIT) a manufacturer of unique gas imaging and analysis systems that address critical needs for the oil, gas, utility and chemical industries, announces that the Company and Coast Air Surveys, Inc. have successfully tested gas imaging technology for the detection of a propane gas leak from a helicopter at a 1,500 feet slant range while traveling at 60 mph.
Evercel Announces Merger
HINGHAM, Mass., Feb. 22, 2006 (PRIMEZONE) -- Evercel Inc. (Pink Sheets:EVRC) today announced that it has agreed to acquire and merge with Sontek Industries Inc., which is primarily engaged in the seafood processing and distribution business and also distributes a proprietary disposable medical device used for critical care patients. Terms of the merger provide for Sontek shareholders to receive shares of Evercel equal to slightly less than one-half the common and preferred shares outstanding after the merger.