latest news releases from the newsroom
Mediware Information Systems, Inc.
Mediware Reports Fiscal 2005 Results
LENEXA, Kan., Sept. 2, 2005 (PRIMEZONE) -- Mediware Information Systems, Inc. (Nasdaq:MEDW) reported total revenue for the fiscal year-ended June 30, 2005 of $36.6 million compared to $36.7 million for fiscal 2004. Operating income for the year just ended was $4.5 million versus $5.6 million for the prior year. Net income for fiscal 2005 was $2.9 million, or 38 cents per basic share and 36 cents per fully diluted share, compared to net income of $3.6 million, or 48 cents per basic share and 44 cents per fully diluted share in fiscal 2004. Additionally, the company completed the Sarbanes-Oxley 404 review of internal controls.
Sandvik Smith to Become Wholly Owned Subsidiary
SANDVIKEN, Sweden, Sept. 2, 2005 (PRIMEZONE) -- Through the Sandvik Mining and Construction business area, Sandvik has reached an agreement with the US-based company Smith International Inc., Houston, Texas, to acquire Smith International's 50% interest in Sandvik Smith AB.
Grand Entertainment & Music, Inc.
Grand Entertainment & Music, Inc. Announces Hurricane Katrina Relief Fund
MONTREAL, Sept. 2, 2005 (PRIMEZONE) -- Grand Entertainment & Music Inc. (Pink Sheets:GENM) announced today the development of the "Gem Music Relief Fund." Gem has agreed to designate a percentage of future sales to help the victims of Hurricane Katrina. Gem may also pursue the idea of a benefit concert that will feature a host of Gem, Gem-Latina, and Mango Music World signed artists. All plans are in the preliminary stages and further developments will be announced at a later date. The company is also soliciting other music, entertainment, and publicly traded companies to help in all fund raising efforts.
Habanero Resources Inc.
Habanero President Interviewed on Leading Internet-Based Publishing Platform
VANCOUVER, British Columbia,, Sept. 2, 2005 (PRIMEZONE) -- Habanero Resources Inc. (Other OTC:HBNRF) (TSX Venture:HAO) ("HAO") wishes to report that its president, Jason Gigliotti, was interviewed by Audiostocks.com. The interviewed focused on the direction of HAO, its strong current financial position and the multiple oil and gas drill programs that are about to recommence. To listen to the interview please visit http://www.audiostocks.com.
Trond Westlie new Executive Vice President and CFO of Telenor ASA
OSLO, Norway, Sept. 2, 2005 (PRIMEZONE) -- Trond OE. Westlie (44) has been appointed Executive Vice President and Chief Financial Officer (CFO) of Telenor ASA. He will take up the position on 15 September, taking over from Torstein Moland. Moland has decided to step down in connection with his upcoming 60th birthday.Westlie is currently Director of Finance at Telenor ASA. He is a Certified Public Auditor and was educated in Norway. Westlie joined Telenor a year ago, from Aker Kvaerner ASA, previously Aker Maritime ASA, where he was Executive Vice President and CFO. Westlie has previously held a number of executive positions at Aker RGI ASA.
Visiphor Reaches Settlement With OSI Systems
VANCOUVER, British Columbia, Sept. 2, 2005 (PRIMEZONE) -- Visiphor Corporation ("Visiphor") (OTCBB:VISRF) (TSX-V:VIS) (DE:IGYA) is pleased to announce today it has reached a settlement in a long standing dispute with OSI Systems of Hawthorne, California. The terms of the settlement include a series of payments from Visiphor to OSI totaling $400,000 (U.S.). The first payment of U.S. $100,000 has been made and the remaining two payments of U.S. $125,000 and U.S. $175,000 will be made on October 31, 2005 and December 31, 2005, respectively. The settlement is more than the previously recorded liability amount by U.S.$150,000. Management felt that absorbing this cost now was far better than the incurring the significant costs and risks associated with arbitrating the matter.
CyberAds Pursuing Off-Road Industry
TORRANCE, Calif., Sept. 2, 2005 (PRIMEZONE) -- CyberAds, Inc. (OTCBB:CYAD) announced today that its new business development team will be attending the SEMA Show in Las Vegas, November 1 through 4. SEMA (an acronym for Specialty Equipment Market Association) is touted by leading industry publications as the "premier automotive specialty products trade event in the world". The fastest growing section of the show features Truck's, SUV's and Off Road vehicles and will include over 2,000 exhibits by over 350 companies. For information about the show, please visit www.SEMAshow.com.