latest news releases from the newsroom
Rockwell Medical, Inc.
Rockwell Medical Technologies, Inc. Schedules Investor Conference Call
WIXOM, Mich., July 19, 2007 (PRIME NEWSWIRE) -- Rockwell Medical Technologies, Inc. (Nasdaq:RMTI) announced today that it will hold an investor conference call on Tuesday, August 14, 2007 at 11:00AM EDT to discuss its second quarter results and to provide investors with a business update. The Company intends to release results after the market closes the preceding day. Robert Chioini, Chairman and CEO, and Thomas Klema, CFO, will be hosting the call to review Rockwell's results and answer questions from investors.
Norsk Hydro: Go-Ahead for Qatalum Aluminium Project
OSLO, Norway, July 19, 2007 (PRIME NEWSWIRE) -- Qatar Petroleum and Norsk Hydro ASA, the joint owners of Qatalum, have given the final approval for construction of the primary aluminium plant to begin this fall. Located in Mesaieed, Qatar, the plant will begin production late 2009 and reach its initial full 585,000-ton capacity in 2010. Qatar Petroleum and Hydro each holds 50 percent of Qatalum. Qatalum will be the largest primary aluminium plant ever built in one phase. It will be a fully integrated primary aluminium plant consisting of a smelter, casthouse and carbon plant as well as a dedicated gas fired power plant with a capacity of approximately 1,250 MW. The power plant will be supplied with gas by Qatar Petroleum under a long-term gas contract. The capital investment estimate for the total Qatalum project is approximately USD 4.8 billion, of which approximately USD 1 billion is for the power plant. The revised cost estimate includes effects of a weaker USD. Firm contracts for 80-85 percent of the total expected contract value have been entered into.
Timberline Resources Corporation
Timberline Completes Acquisition of Conglomerate Mesa Project
COEUR D'ALENE, Idaho, July 19, 2007 (PRIME NEWSWIRE) -- Timberline Resources Corporation (OTCBB:TBLC) today announced the finalization of a Lease / Option to Purchase Agreement for the Conglomerate Mesa Project in Inyo County, California. The project hosts structurally and stratigraphically controlled, sediment-hosted gold mineralization similar to the "Carlin-type" deposits of north-central Nevada.
Flexsys Completes Acquisition of Chemetall's Rubber Chemicals Business
ST. LOUIS, July 19, 2007 (PRIME NEWSWIRE) -- Solutia Inc. (OTCBB:SOLUQ) today announced that its subsidiary, Flexsys SpA, has completed its acquisition of the rubber chemicals business of Chemetall GmbH. Flexsys and Chemetall signed the purchase and sale agreement prior to Solutia's May 2007 acquisition of Flexsys, and have completed the transaction now that German regulatory approval has been received. Chemetall's rubber chemicals business produces zinc dithiocarbamates (DTCs), a line of specialty chemicals used to speed up the rubber vulcanization process. Flexsys already produces DTCs and is therefore equipped to meet the needs of Chemetall's customers. No production assets were included in the acquisition.
USA Truck Inc.
USA Truck Announces Second Quarter Results
VAN BUREN, Ark., July 19, 2007 (PRIME NEWSWIRE) -- USA Truck, Inc. (Nasdaq:USAK) today announced base revenue of $101.7 million for the second quarter ended June 30, 2007, an increase of 2.1% from $99.6 million for the same quarter of 2006. Net income decreased 62.8% from $4.4 million for the quarter ended June 30, 2006 to $1.6 million for the same quarter of 2007. Diluted earnings per share decreased 60.5% from $0.38 for the quarter ended June 30, 2006 to $0.15 for the same quarter of 2007.