latest news releases from the newsroom
Universal Capital Management, Inc.
Universal Capital Management, Inc. Declares Dividend
WILMINGTON, Del., July 24, 2006 (PRIMEZONE) -- Universal Capital Management, Inc. (OTCBB:UCMT), a business development company which provides emerging growth companies with management and strategic resources for successful growth, announced today that it is declaring a dividend payable in shares of common stock of one of its portfolio companies, Theater Xtreme Entertainment Group, Inc.
StockGuru.com Announces Profile Coverage of The Immune Response Corporation
DALLAS, July 24, 2006 (PRIMEZONE) -- John Pentony, Publisher of StockGuru.com, announced today that the web site has initiated Profile Coverage of The Immune Response Corporation (OTCBB:IMNR). The Immune Response Corporation is an immuno-pharmaceutical company focused on developing products to treat autoimmune and infectious diseases. The Company's lead immune-based therapeutic product candidates are NeuroVax(tm) for the treatment of MS and IR103 for the treatment of HIV infection. Both of these therapies are in Phase II clinical development and are designed to stimulate pathogen-specific immune responses aimed at slowing or halting the rate of disease progression.
Imaging3 Announces The Dominion to Enhance the Practice of Sports Medicine
BURBANK, Calif., July 24, 2006 (PRIMEZONE) -- Imaging3(tm), Inc. (OTCBB:IMGG), developer of a breakthrough medical imaging device that produces 3D medical diagnostic images of virtually any part of the human body in real-time, today provided an overview of the company's upcoming new product, The Dominion(tm). The mobile, multi-functional device will considerably enhance the practice of sports medicine -- a rapidly growing, multi-billion dollar market.
Stolt-Nielsen and Oiltanking GmbH Finalize Joint Venture Agreement for Terminal in Antwerp
LONDON, United Kingdom, July 24, 2006 (PRIMEZONE) -- London, England - July 24, 2006 - Stolt-Nielsen S.A. (Nasdaq:SNSA) (Oslo:SNI) reported today that Stolthaven Terminals BV, a wholly owned subsidiary of SNSA, and Oiltanking GmbH closed the previously announced agreement whereby Stolthaven Terminals BV has acquired a 50% interest in Oiltanking Antwerp N.V. for a total consideration of approximately $66 million, paid partly in cash and partly by assumption of outstanding debts.
Heritage Oaks Bancorp
Heritage Oaks Bancorp Declares $0.08 Cash Dividend
PASO ROBLES, Calif., July 24, 2006 (PRIMEZONE) -- Heritage Oaks Bancorp (Nasdaq:HEOP), parent company of Heritage Oaks Bank, today announced that on July 21, 2006, its Board of Directors declared the company's first quarterly cash dividend. The cash dividend of $0.08 per common share will be payable on August 25, 2006, to shareholders of record on August 11, 2006.
Gateway Financial Holdings, Inc.
Gateway Financial Holdings Reports 68% Increase in 2Q 2006 Net Income; Assets Surpass $1 Billion Mark
VIRGINIA BEACH, Va., July 24, 2006 (PRIMEZONE) -- Gateway Financial Holdings, Inc. (Nasdaq: GBTS), the holding company for Gateway Bank & Trust Co., reported net income for the second quarter of 2006 of $1.51 million compared with $902,000 for the second quarter of 2005, an increase of $611,000, or 67.7%. Compared with the first quarter of 2006, net income increased $154,000, or 11.3%; excluding a $430,000 after-tax gain on the sale of securities taken in the first quarter, core earnings improved $584,000, or 62.9%. Earnings performance was driven by exceptional revenue growth from a 60% increase in loans outstanding year-over-year originated through the Company's expanding network of financial centers. Diluted earnings per share were $0.14 for the second quarter of 2006 compared with $0.11 for the prior-year period, an increase of 27.3%. Per share results were affected by an increase in weighted average diluted shares of 31.5%, from 8,467,906 shares for the second quarter of 2005 to 11,131,691 for the current quarter. The increase in diluted shares was primarily the result of the December 2005 stock offering of 2,300,000 shares.
XsunX Provides Mid-Year Update to Business and Product Development Initiatives
ALISO VIEJO, Calif., July 24, 2006 (PRIMEZONE) -- XsunX, Inc. (OTCBB:XSNX), provider of technologies for solar energy infrastructure and developer of Power Glass(tm), an innovative thin-film solar technology that is intended to allow glass windows to produce electricity from the power of the sun, provides a mid-year update on product and business development initiatives.