latest news releases from the newsroom
T-3 Energy Services, Inc.
T-3 Energy Services Announces First Quarter 2006 Earnings and Backlog
HOUSTON, May 10, 2006 (PRIMEZONE) -- T-3 Energy Services, Inc. ("T-3 Energy") (Nasdaq:TTES) reported first quarter 2006 income from continuing operations of $3.9 million, or $0.36 per diluted share, up 34% and 33%, respectively, from $2.9 million, or $0.27 per diluted share, reported for the fourth quarter of 2005, and up 454% and 500%, respectively, from $0.7 million, or $0.06 per diluted share, reported for the first quarter of 2005. Revenues increased 9% over the previous quarter and 80% over the prior year quarter. The first quarter 2006 financial results include a charge of $0.2 million associated with the adoption of FASB Statement No. 123 (R), "Share-Based Payment" effective January 1, 2006. Excluding the impact of the stock based compensation costs, T-3 Energy's income from continuing operations increased 476% from the first quarter of 2005 compared to the first quarter of 2006.
Scott+Scott, LLC Files Class Action Against XM Satellite Radio Holdings Inc. on Behalf of Investors -- XMSR
COLCHESTER, Conn., May 10, 2006 (PRIMEZONE) -- On May 10, 2006, Scott+Scott, LLC, filed a class action lawsuit in the U.S. District Court for the District of Columbia against XM Satellite Radio Holdings, Inc. (Nasdaq:XMSR) ("XMSR" or the "Company") and its chief executive officer, Hugh Panero, on behalf of securities purchasers during the period July 28, 2005 through February 15, 2006, inclusive (the "Class Period") for securities law violations. XM Satellite Radio operates a satellite radio service company. The lawsuit alleges that defendants made false and misleading statements regarding the Company's subscriber acquisition costs by relying on accounting metrics that did not comply with Generally Accepted Accounting Principles ("GAAP") and therefore were easy to manipulate. As a result, the Company's stock price was artificially inflated, thereby harming Class Period investors.
Izard Nobel LLP
Schatz & Nobel, P.C. Announces Class Action Lawsuit Against GlobeTel Communications Corp. -- GTE
HARTFORD, Conn., May 10, 2006 (PRIMEZONE) -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of Florida on behalf of all persons who purchased or otherwise acquired the securities of GlobeTel Communications Corp. ("GlobeTel" or the "Company") (AMEX:GTE) between December 22, 2005 through April 11, 2006, inclusive, (the "Class Period").
Toll Brothers, Inc.
Toll Brothers' Website to Broadcast its May 23, 2006 Second Quarter 2006 Earnings Conference Call Live
HORSHAM, Pa., May 10, 2006 (PRIMEZONE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, will broadcast live on its website, www.tollbrothers.com, a conference call to discuss its second quarter 2006 earnings results and outlook for the future. The event, scheduled for 2:00 p.m. (EDT) on Tuesday, May 23, 2006, will follow announcement of the Company's second quarter 2006 results for earnings, revenues, contracts and backlog earlier the same day. The call will be hosted by Robert I. Toll, Chairman and Chief Executive Officer.
Budget Waste Inc.
Budget Waste Inc. Appoints Mr. Bill Southern to the Board of Directors
CALGARY, Alberta, May 10, 2006 (PRIMEZONE) -- Budget Waste Inc. (BWI) (Pink Sheets:BDWT) is pleased to announce the appointment of Mr. Bill Southern to the Board of Directors. Mr. Southern brings to BWI a wealth of experience with his over 25 years in the septic service industry managing a fleet of three vacuum trucks and two power flush units providing services to the Calgary and surrounding area. In that period, Mr. Southern has earned the reputation as an industry leader from his ability to provide solutions to many industrial, residential and condensed farm operation septic issues. Mr. Southern is well-respected in the industry for his keen sense of customer service and strong commitment to customer satisfaction.