latest news releases from the newsroom
PSB Group, Inc.
PSB Group, Inc. Announces Quarterly Dividend Payment
MADISON HEIGHTS, Mich., April 26, 2005 (PRIMEZONE) -- The Board of Directors of PSB Group, Inc. (OTCBB:PSBG), the bank holding company for Peoples State Bank, a Michigan state-chartered bank with offices in Wayne, Oakland and Macomb Counties, declared the payment of a quarterly cash dividend and a 5% stock dividend to Shareholders of Common stock. Both the dividend payment of $0.18 per share and the stock dividend will be paid on June 14, 2005 to shareholders of record as of June 1, 2005.
New Jersey Mining Company
New Jersey Mining Company Generates Revenue
KELLOGG, Idaho, April 26, 2005 (PRIMEZONE) -- New Jersey Mining Company (OTCBB:NJMC) announces that it has received payment for sulfide concentrates shipped in March. The pyrite concentrate contained 104.1 grams/tonne gold (3.04 ounces per ton) and most was produced from development ore mined from the Golden Chest exploration ramp in 2004. In addition, products containing up to 30% gold were recovered from cleanout of the ball mill. Final revenue amounts will be reported in the first and second quarter 10QSB reports.
Report from the Annual General Meeting of Shareholders in Trelleborg AB
STOCKHOLM, Sweden, April 26, 2005 (PRIMEZONE) -- The Annual General Meeting of the Trelleborg Group, an especially celebratory event this year, with the Group's centenary in focus, attracted some 1,400 festive shareholders to the Soderslattshallen venue in Trelleborg on April 26. Also presented at the Meeting was the elegant newly published centenary book written by Agneta Ulfsater-Troell and Carl Aspegren.
China Direct Trading Corp.
China Direct Signs Agreements To Acquire Controlling Interest in $20 Million Chinese Furniture Manufacturing Company
BEIJING, April 26, 2005 (PRIMEZONE) -- China Direct Trading Corporation (OTCBB:CHDT)("CHDT") signed an agreement today to acquire a 40% equity stake and majority board representation for Beijing Huawei Furniture Manufacture Co., Ltd. ("Huawei"), an 11-year-old premier Beijing manufacturer of quality commercial furniture with FY 2004 gross revenues of $16,000,000 and income of $1,500,000. The new joint venture (JV) will be called Beijing Huawei International Furniture Manufacturing Corporation Ltd., and CHDT will consolidate 40% of all financial data of Huawei, including revenues, assets, and income. CHDT was also presented by the auditors with an appraisal on the factory's assets of $13,000,000. Projected gross revenues for 2005 for the new joint venture are $20,000,000.