latest news releases from the newsroom
Southwest Resources, Inc.
Apollo Drilling Changes Name to Southwest Hydrocarbons
DALLAS, April 24, 2009 (GLOBE NEWSWIRE) -- Apollo Drilling, Inc. (Pink Sheets:APDR), today announced that it has formally changed its name to "Southwest Hydrocarbons, Inc" (the "Company"). The name change reflects the Company's recent change of its business focus in the oil & gas industry from contract drilling to exploration, acquisition, and production.
Synalloy Corporation Announces First Quarter Results
SPARTANBURG, S.C., April 24, 2009 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL), a producer of specialty chemicals, stainless steel pipe, vessels and process equipment, announces that the first quarter of 2009 produced net earnings of $194,000, or $.03 per share, on a 30% sales decrease to $35,522,000. This compares to net earnings of $1,862,000, or $.30 per share on sales of $50,974,000, in 2008's first quarter. Although management is disappointed with the modest level of profitability, we are pleased that the Company has remained profitable and produced good cash flow during the worst economic turmoil we have ever experienced.