latest news releases from the newsroom
Quest Oil Corporation
Quest Sets 90 Day Production Goal for Texas Properties
SAN DIEGO, May 31, 2006 (PRIMEZONE) -- Quest Oil Corporation (OTCBB:QOIL) announced that based on the adoption of a proprietary capital allocation model that includes a "well prioritization schedule," Quest has established short-term production targets for its Texas properties. Quest's CEO, James B. Panther II stated, "Our model measures performance based on the effective cash requirements of new drilling and work over projects, along with the operational reliability of the respective region and production decline rates in order to calculate internal rates of return (IRR) that we believe are realistically achievable."
Metso to Supply a Tissue Machine to Nuqul Group in Jordan
HELSINKI, Finland, May 31, 2006 (PRIMEZONE) -- Metso Paper will supply a complete tissue machine to Nuqul Group in Jordan. The machine will be installed in the corporation's new Al Snobar mill in Amman, Jordan, and it is scheduled to start production during the fourth quarter of 2007. The market value of these types of tissue production lines ranges from EUR 15 million to EUR 20 million, depending on the scope of delivery and production output.
Meritage Homes Corporation
Meritage Homes Corporation to Host Webcast with CEO Steve Hilton
SCOTTSDALE, Ariz., May 31, 2006 (PRIMEZONE) -- Meritage Homes Corporation (NYSE:MTH) today announced that the Company will webcast a conference call with Chairman and CEO Steven J. Hilton on Thursday, June 1, 2006, at 10:00 a.m. EDT (7:00 a.m. PDT) to discuss recent organizational changes and future plans. The webcast and accompanying materials will be accessible on the Company's website at http://www.meritagehomes.com on the "Investor Relations" page, or by dialing 800-659-1942 and using passcode "Meritage."
Transmeridian Exploration, Inc.
Transmeridian Completes Private Offering
HOUSTON, May 30, 2006 (PRIMEZONE) -- Transmeridian Exploration Incorporated (AMEX:TMY) today announced that it has completed its previously announced private offering of $40 million aggregate principal amount of additional Senior Secured Notes due 2010 (the "Additional Notes") of Transmeridian Exploration Inc., a wholly owned British Virgin Islands subsidiary of the Company ("TMEI"), and 1,818,182 shares (approximately $10 million) of the Company's common stock.
More Luggage Security at U.S. Airports With RIMOWA Suitcases
COLOGNE, Germany, May 31, 2006 (PRIMEZONE) -- Since the terror attacks on September 11, 2001, the USA has tightened security checks at airports considerably. In addition to x-raying all checked-in baggage, the national Transportation Security Administration (TSA) now examines many suitcases by hand and suitcases are forcibly opened if locked. In order to avoid such luggage damage right from the start, the only option for travelers was to check in the suitcase unlocked or only temporarily secured -- leaving the contents unprotected against theft.
Pomerantz Haudek Block Grossman & Gross LLP Reminds Investors of the June 12, 2006 Deadline for Fairfax Financial Holdings Ltd. -- FFH
NEW YORK, May 30, 2006 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) ("Pomerantz") reminds investors in Fairfax Financial Holdings Ltd. ("Fairfax" or the "Company") (NYSE:FFH) that June 12, 2006 is the deadline to ask the Court to appoint you lead plaintiff for the Class. Pomerantz filed a class action lawsuit in the United States District Court for the Southern District of New York, against the Company and certain of its officers, on behalf of purchasers of the common stock of the Company during the period from March 24, 2004 to March 21, 2006, both dates inclusive, (the "Class Period"). The complaint alleges violations of Sections 11, 12(a) (2) and 15 of the Securities Act of 1933, and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder.
Kahn Swick & Foti, LLC
KGS Announces Creation of 'Options Pricing Investigations Division' -- SCMR, UNH, VTSS, ZRAN
NEW ORLEANS, May 30, 2006 (PRIMEZONE) -- Kahn Gauthier Swick, LLC ("KGS") announces the creation of the nation's first privately funded independent Options Pricing Investigations Division, focused on the investigation into the illegal backdating of options grants by US corporations. A growing number of companies are now being investigated by KGS' Options Pricing Investigations Division for improperly manipulating the prices of executive option grants.