latest news releases from the newsroom
SouthCrest Financial Group, Inc.
SouthCrest Financial Group, Inc. Announces Second Quarter Earnings
FAYETTEVILLE, Ga., July 28, 2005 (PRIMEZONE) -- SouthCrest Financial Group, Inc. (OTCBB:SCSG) reported net income of $1,358,000 for the quarter ended June 30, 2005 compared to $875,000 for the same quarter a year ago. For the six month period ended June 30, 2005, net income was $2,177,000 compared to $1,797,000 for the same period in 2004. Most of the increase in net income for both the quarter and year to date compared to the prior year was the result of the Company's merger with First Polk Bankshares, Inc. on September 30, 2004. Assets and liabilities, and results of operations for First Polk are only included in the balance sheets and income statements of the Company from the date of merger going forward. On a per share basis, results were $0.38 per share for the current quarter compared to $0.40 for the same period a year ago, and $0.61 per share for the current year-to-date period compared to $0.82 for the same period in 2004. Reductions in earnings per share are mostly due to dilution resulting from increased number of shares resulting from the merger with First Polk. Also, in the first quarter of 2005, the Company recorded an impairment charge on its investment in perpetual preferred stock that amounted to $600,000, or $375,000 net of deferred taxes, which represented $0.105 per share.
Return to Truth -- New Book Helps Readers Establish Link with God
PORTLAND, Ore., July 28, 2005 (PRIMEZONE) -- The search for truth often leads the seeker away from organized religion and into the grand expanse of spirituality. The result can be something like that found in Return to Truth (Awaken to the Truth of the Holy Bible: God and Christ from a New Perspective) (now available through AuthorHouse), written by God "in Communion with" Lawrence Hall Dawson.
Chelsea Therapeutics Announces New Ticker Symbol
CHARLOTTE, N.C., July 28, 2005 (PRIMEZONE) -- Chelsea Therapeutics International, Ltd. (OTCBB:IVRC) announced its shares will now be traded under the symbol (OTCBB:CHTP) effective at the opening of trading on July 29, 2005. The change in trading symbol follows the Company's annual shareholders meeting on July 27, 2005, during which Chelsea's shareholders approved a reorganization and name change. The Company's shares were previously traded as Ivory Capital Corporation under the trading symbol IVRC.
Bicyclists Wrestle with Withdrawal After the Tour de France
GOLDEN, Colo., July 28, 2005 (PRIMEZONE) -- After the excitement, drama, and excesses of the Tour de France are over, how can recreational riders re-adjust to riding styles that build fitness and health? The vast difference between Lance Armstrong's power and intensity and the energy and resources of recreational cyclists can be daunting. Cyclists need to ask themselves some questions to re-define their riding goals and priorities. Should I be drawn toward a competitive mindset or more realistically focus on building long-term fitness and health? How can I discipline myself in a time-pressured lifestyle to ensure the riding results I want to achieve? Do I need new equipment, better energy foods, or more skillful technique to optimize my performance?