latest news releases from the newsroom
PAB Bankshares, Inc.
PAB Bankshares, Inc. Announces Record Second Quarter 2006 Earnings, Improved Asset Quality, and Branch Expansion Plans
VALDOSTA, Ga., July 26, 2006 (PRIMEZONE) -- PAB Bankshares, Inc. (Nasdaq:PABK) and President and CEO M. Burke Welsh, Jr. today announced the Company's financial results for the second quarter of 2006. The Company's net income for the quarter ended June 30, 2006 was $3.6 million, or $0.37 per diluted share, a 15% increase compared to the $3.1 million, or $0.32 per diluted share, reported for the same period in 2005. The results for the second quarter also represent an 8% increase over the $3.3 million, or $0.34 per diluted share, reported for the first quarter of 2006. "I'm proud to announce another quarter of solid performance for the Company. We posted record earnings, improved our asset quality levels through the liquidation of our largest problem asset, and continued our operational expansion in the Atlanta and Jacksonville markets during the second quarter," stated Welsh.
WW Energy Inc.
WW Oil & Gas Acquires Mineral Rights to Property in Utah
FARMINGTON, N.M., July 26, 2006 (PRIMEZONE) -- WW Energy Inc. (Pink Sheets:WWNG) announced today that its subsidiary WW Oil and Gas Inc. has acquired the mineral rights to property within the Uintah and Duchesne counties. These counties are located in the largest oil production area in Utah. The mineral rights to these properties are in the 5th largest Oil and Gas producing areas in the U.S.A. Certain oil wells in the adjoining Green River and Wasach formations have been known to produce totals of approximately 2 million barrels of oil.
Technest Holdings, Inc.
Technest Holdings Announces $900,000 Contract From Office of Naval Research
BOSTON, July 26, 2006 (PRIMEZONE) -- Technest Holdings, Inc. (OTCBB:TCNH), a defense and homeland security company, announced today that its wholly owned subsidiary, Genex Technologies, Inc., was awarded a $900,000 contract from the Office of Naval Research (ONR) for the development of an enhanced version of its miniature remote processing unit called the Smart Optical Sensor (SOS).
NEON Communications Group, Inc.
Globix Announces Multi-Year, Long-Term Managed Capacity Services Agreement with IDT Telecom
NEW YORK, July 26, 2006 (PRIMEZONE) -- Through its subsidiary, NEON Communications, Inc., a provider of advanced optical networking solutions and services to communications companies and large enterprise customers in the Northeast and mid-Atlantic markets, Globix Corporation (AMEX:GEX) has today announced it has signed and has begun implementation of a multi-year, long-term managed capacity services agreement with IDT Telecom, a subsidiary of IDT Corporation.
TASER International, Inc.
TASER International, Inc. Reports 23 Percent Revenue Growth in Second Quarter 2006
SCOTTSDALE, Ariz., July 26, 2006 (PRIMEZONE) -- TASER International, Inc. (Nasdaq:TASR) a market leader in advanced electronic control devices reported today that revenues for the second quarter of 2006 were $16.2 million, a 23% increase over the same quarter of the prior year. Operating income for the quarter was $2.2 million, or a 224% increase compared with $686,000 in the prior year period. Net income and basic and diluted earnings per share for the second quarter were $1.5 million which rounds down to $0.02 per share. Business also continued to improve sequentially as revenues in the second quarter of 2006 increased by $2.3 million over the first quarter of 2006 and operating income improved from 7.5% to 13.7% of revenue as the Company continues to improve its operating leverage. The Company generated $4.1 million of cash from operations in the second quarter of 2006 which increased the total cash, cash equivalents and investments balance to $49.1 million.
OTC Stock Review Issues Report on Goldrea Resources Corp.
ATLANTA, July 26, 2006 (PRIMEZONE) -- OTC Stock Review announces that it has initiated coverage of Goldrea Resources Corp. (Pink Sheets:GORAF) (TSX-V:GOR). Goldrea Resources Corp., headquartered in White Rock, BC, is a mineral exploration and development company that is engaged in the acquisition, exploration, and development of mineral properties. The Company has been working on several gold projects in North America and, just over twelve months ago, launched an ambitious play into the Shandong Daye Mine, near Rushan City, Shandong Province, China, the world's fourth largest producer of gold in 2003 (only behind South Africa, Australia and the USA). Shandong Province alone accounts for 26% of the overall Chinese total.
Imaging3's Dominion Poised to Dramatically Improve Speed and Precision of Orthopedic Surgery
BURBANK, Calif., July 26, 2006 (PRIMEZONE) -- Imaging3(tm), Inc. (OTCBB:IMGG) today provided insight into one of the many health care sectors where the company's breakthrough, multi-modality, mobile and real-time 3D imaging technology will have a powerful impact -- orthopedic surgery. The Dominion(tm) will aid patient and doctor alike in this $8.8 billion annual U.S. market that is expected to grow to nearly $14 billion by 2010, according to Datamonitor, New York, NY.