latest news releases from the newsroom
National Scientific Corporation
National Scientific Corporation Notes Record Accomplishments in Investor Update
SCOTTSDALE, Ariz., Nov. 5, 2007 (PRIME NEWSWIRE) -- In an update for investors and other stakeholders, National Scientific Corporation (OTCBB:NSCT), provider of effective indoor and outdoor wireless location-sensitive solutions, including the Travado IBUS(tm) Digital Video Recorder and Rider Authentication System, notes that it reached important milestones in the second half of fiscal year 2007 (ended September 30, 2007), including achievement of positive quarterly operational cash flow for the first time in the company's history in the third fiscal quarter, the last period for which published unaudited financial results are available. Revenue for the first three quarters of the fiscal year exceeded product sales revenue for the same period in any prior fiscal year.
Northrop Grumman Corp.
Photo Release -- Northrop Grumman's Ian V. Ziskin Inducted as National Academy of Human Resources Fellow
LOS ANGELES, Nov. 5, 2007 (PRIME NEWSWIRE) -- Ian V. Ziskin, Northrop Grumman Corporation's (NYSE:NOC) chief human resources and administrative officer, has been inducted as a Fellow of the National Academy of Human Resources (NAHR), the highest honor accorded to chief human resource officers and other lifetime contributors to the human resource profession. NAHR Fellows are recognized by their peers as leaders in the profession, have meritorious national reputations for shaping human resource thinking and policy through scholarship and international influence, and have demonstrated an unfailing commitment to success.
T-3 Energy Services, Inc.
T-3 Energy Services, Inc. Announces Third Quarter 2007 Earnings
HOUSTON, Nov. 5, 2007 (PRIME NEWSWIRE) -- T-3 Energy Services, Inc. ("T-3 Energy") (Nasdaq:TTES) reported third quarter 2007 income from continuing operations of $7.2 million, or $0.58 per diluted share, up 41% and 26%, respectively, from $5.1 million or $0.46 per diluted share for the third quarter of 2006. Year to date 2007 income from continuing operations of $18.0 million, or $1.52 per diluted share, was up 35% and 24%, respectively, from $13.4 million, or $1.23 per diluted share, reported during 2006. Revenues for the third quarter of 2007 increased 20% to $53.2 million from $44.2 million for the same period in 2006. Year to date 2007 revenues increased 30% to $153.1 million from $117.9 million for the same period in 2006. The year to date 2007 financial results include a Q2 2007 charge, net of tax, of $1.9 million, associated with a change of control payment and the immediate vesting of previously unvested stock options and restricted stock held by Gus D. Halas, the Company's Chairman, President and Chief Executive Officer, pursuant to the terms of his then existing employment agreement. The third quarter 2006 and year to date 2006 financial results include a charge, net of tax, of $0.3 million, related to terminated public offering costs. Excluding the impact of these change of control and public offering costs, the Company's year to date 2007 income from continuing operations and diluted earnings per share increased 47% and 34%, respectively, from $13.6 million and $1.25 per diluted share in 2006 to $20.0 million and $1.68 per diluted share in 2007.
QLogic Executives to Present At UBS Global Technology & Services Conference
ALISO VIEJO, Calif., Nov. 5, 2007 (PRIME NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), a leader in networking for storage and high performance computing (HPC), today announced that Jeff Benck, president and chief operating officer, and Tony Massetti, senior vice president and chief financial officer, will present at the UBS 2007 Global Technology & Services Conference on Wednesday, November 14, 2007 at 9:45 a.m. Eastern Time in New York City. The conference will be held at the Grand Hyatt New York.