latest news releases from the newsroom
Oriens Travel & Hotel Management Corp.
Oriens Reports Huge Success for Hotel PURE at EXPOTUR
LAS VEGAS, May 20, 2008 (PRIME NEWSWIRE) -- Oriens Travel & Hotel Management Corp. ("Oriens") (Pink Sheets:OTHM) (http://www.orienscorp.com), an emerging Travel and Hotel Management Company operating online travel booking site 128trip (http://www.128trip.com) and hotel management subsidiary Hotel PURE (http://www.HotelPURE.com), is pleased to report exhibiting Hotel PURE at EXPOTUR in Costa Rica last week a huge success.
Baseline Oil & Gas Corp.
Baseline Oil & Gas Reports First Quarter Results
HOUSTON, May 20, 2008 (PRIME NEWSWIRE) -- Baseline Oil & Gas Corp. (OTCBB:BOGA) today announced its results for the first quarter of 2008. Net production for the quarter was 686 Mmcfe, of which 55% was crude oil and condensate and 45% was natural gas. Average daily net production for the first quarter was 7.5 Mmcfepd, comprised of 691 bopd and 3.4 Mmcfpd. Operations from Baseline's Blessing Field contributed 58% of first quarter volumes, with the Eliasville Field contributing the remaining 42%. The Company's oil and gas revenue, before the effect of hedging activities, totaled $8.9 million for the quarter. The Company's first quarter average realized oil price before the effect of hedging was $96.49 per barrel. Its average realized natural gas price before the effect of hedging was $9.15 per mcf. Hedging losses totaled $2.5 million for the period, including $1.3 million in cash settlements under various hedging contracts. Baseline did not have any oil and gas production during the first quarter of 2007, therefore no comparison with the prior year period is applicable.
Flushing Financial Corporation
Flushing Financial to Speak to Institutional Investors
LAKE SUCCESS, N.Y., May 20, 2008 (PRIME NEWSWIRE) -- Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Savings Bank, FSB (the "Bank"), today announced that, through an arrangement with Sandler O'Neill + Partners, L.P., it will make a presentation to a group of institutional investors.
Furniture Brands International
Furniture Brands Announces Results of 2008 Annual Meeting of Stockholders
ST. LOUIS, May 20, 2008 (PRIME NEWSWIRE) -- Furniture Brands International (NYSE:FBN) today announced the final results of the company's 2008 annual meeting of stockholders. The annual meeting of stockholders was adjourned on May 1 and reconvened today. Because the election of directors and a stockholder proposal were contested, the final reconciliation of the election results required the authentication of a special inspector of elections. Approximately 88 percent of the company's issued and outstanding shares were represented at the meeting in person or by proxy.