latest news releases from the newsroom
Ethos Environmental, Inc.
Victor Industries Inc. Finalizes Terms of NDA Which Will Guide Merger Negotiations
LOS ANGELES, Dec. 15, 2005 (PRIMEZONE) -- Victor Industries (OTCBB:VICI) has come to terms with broadband solution provider Zhejiang Fibersense Communications Technology Co. Ltd. ("FSP China") on the terms of a Non-Disclosure Agreement (the "NDA") that will serve to guide merger negotiations, which are expected to come to fruition in the first quarter of 2006. The specific terms of the merger are presently being discussed between Victor and FSP China, and will be released as they become available.
ATSI Communications, Inc.
ATSI Announces First Quarter Results
SAN ANTONIO, Dec. 15, 2005 (PRIMEZONE) -- ATSI Communications, Inc. (OTCBB:ATSX) today announced results for the fiscal quarter ended October 31, 2005. Revenues for the 1st quarter totaled $2,322,000, a 176% increase over the previous year's 1st quarter ended October 31, 2004. The increase in revenue for the quarter resulted in the 5th consecutive quarter of record revenues for the Company since ATSI's reincorporation. In addition, the Company reported that it has continued improving its balance sheet by eliminating $1.2 million in current liabilities associated with the sale of an ATSI subsidiary in Mexico that ceased operations in May 2003. As a result of the sale, the Company also recognized a gain of $1.6 million for the quarter. Consequently, ATSI produced a net income for the 1st quarter ended October 31, 2005 of $1.2 million or $0.11 basic earnings per share based on the weighted average of common shares outstanding vs. a net loss of $51,000 or ($0.01) basic loss per share based on the weighted average of common shares outstanding for the previous year's 1st quarter ended October 31, 2004.
Ski Conditions in Oregon Among Best in Nation
PORTLAND, Oregon, Dec. 15, 2005 (PRIMEZONE) -- Holiday visitors to Oregon ski areas will find some of the best terrain and ski conditions in North America, from fresh powder turns to perfectly manicured groomed runs. Early seasonal storms have deposited deep layers of fresh snow, ideal for skiers, snowboarders and cross country skiers, as well as people who just want to come out and play. Currently three of Oregon's 11 ski areas are leading the country in snow base depth and offer fantastic skiing and riding conditions for the holiday breaks.
Sitestar Corporation Expands DSL Coverage
LYNCHBURG, Va., Dec. 15, 2005 (PRIMEZONE) -- Sitestar Corporation (OTCBB:SYTE), an Internet Service Provider (ISP) and computer services company, today announced the expansion of its DSL coverage area in the western part of the United States. Sitestar is now able to provide high-speed DSL service in nine states through Qwest's network, including Washington, Oregon, Montana, Wyoming, Idaho, Utah, Nevada, New Mexico and Colorado.
Northrop Grumman Corp.
Northrop Grumman Awarded U.S. Navy Contract to Provide Fleet-Introduction Services
RESTON, Va., Dec. 15, 2005 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) was awarded a U.S. Navy contract to provide a wide range of support services for new-construction and in-service ships, including DDG 51 destroyers, LPD 17 amphibious transport dock ships, the Navy's LHD 8 amphibious assault ship, Littoral Combat Ships (LCS), the DD(X) multi-mission combat ship and the LHA(R) amphibious assault ship.