latest news releases from the newsroom
SouthCrest Financial Group, Inc.
SouthCrest Financial Group, Inc. Announces First Quarter Earnings
FAYETTEVILLE, Ga., May 12, 2006 (PRIMEZONE) -- SouthCrest Financial Group, Inc. (OTCBB:SCSG) reported net income of $1,406,000 for the quarter ended March 31, 2006 compared to $819,000 for the same quarter a year ago. On a per share basis, results were $0.39 per share for the current quarter compared to $0.23 for the same period a year ago.
SeaDrill Limited -- Option Program
HAMILTON, Norway, May 12, 2006 (PRIMEZONE) -- In May 2005, SeaDrill Limited (Other OTC:SDRLF) (Oslo:SDRL) established an Employee Share Ownership Plan (ESOP) and authorized the Board to grant and allocate five million shares at a subscription price of USD 2.23 per share pursuant to the ESOP. The subscription price was set to 10 % premium to underlying stock price at the time the authorisation was given. The option program is meant to recruit and secure long term employment of key individuals and align the interests of management, the Board and the shareholders.
China Gold Corp.
China Gold Corp. Announces Update on Forward Stock Split
GUANG NING, China, May 12, 2006 (PRIMEZONE) -- China Gold Corp. (Pink Sheets:CGDC), a Nevada Corporation, engaged in gold and minerals exploration and development of gold and mineral properties in China, would like to update on the forward stock split of the company's common stock. On a press release dated April 28, 2006, all shareholders of record on closing Friday, May 12, 2006 will be entitled to four additional shares of common stock for each share of common stock held on that date. The company's shares will be trading on a post split basis at the opening bell on Monday, May 15, 2006.
Moist Music / Warlock Records
DJ-Producer George Acosta releases All Rights Reserved (Moist Music), 5/14/2006
MIAMI, May 12, 2006 (PRIMEZONE) -- Remember the first time you heard Paul Oakenfold? The first time you listened to Tiesto? You danced 'til sunrise while Paul Van Dyk played buoyant, emotional trance. You loved Armin Van Buuren, Ferry Corsten and Sander Kleinenberg because their music lifted you and imparted goosebumps. Those epic, glorious tunes with soaring swells and thunderous crashes moved you. Enter: DJ-producer George Acosta, here to capture the throne of euphoric trance.
IElement Corporation Announces Fourth Quarter Renewals
DALLAS, May 12, 2006 (PRIMEZONE) -- IElement Corporation (OTCBB:IELM) (Frankfurt:SZQ1) (Frankfurt:IELM), a nationwide provider of advanced communications services and Voice over Internet Protocol (VoIP) solutions, announced today that its fiscal fourth quarter (ending March 31) customer renewal and new sales numbers beat expectations for the third straight quarter and totaled $520,166. The company will earn this contracted revenue over the next 12-36 months and this amount does not represent or approximate the company's aggregate revenue in any particular quarter.
Industrial Enterprises of America, Inc.
Industrial Enterprises of America Raises Earning Guidance for Fiscal Year Beginning July 1, 2006
NEW YORK, May 12, 2006 (PRIMEZONE) -- Industrial Enterprises of America, Inc. (OTCBB:ILNP), a specialty manufacturer and distributor of automotive aftermarket supplies, announces that the Company has raised earnings guidance to $10 million for the fiscal year ending June 30, 2007. Management has increased guidance by $2 million based upon the sale of Springdale Specialty Plastics which allows the company to reduce current debt obligations and decrease its overall costs of goods sold, as well as increases in profit margins due to efficiencies in consolidation and purchasing.
Ho! Ho! Ho! Christmas Comes Early for Santa Claus Residents
SANTA CLAUS, Ind., May 12, 2006 (PRIMEZONE) -- To stay ahead of its growing customer base and demand for its voice and data services, Verizon Wireless has activated a new cell site in Santa Claus, enabling more customers to use their wireless phones to make calls, send and receive text and picture messages, and download games and ringtones.
Diamyd Medical AB
Khandaker Partners to Initiate Coverage of Diamyd Medical
STOCKHOLM, Sweden, May 12, 2006 (PRIMEZONE) -- Diamyd Medical AB (Stockholm:DIAMB) (Other OTC:DMYDF) with its lead drug candidate for diabetes in Phase IIb trials, announced today that Khandaker Partners, a US-based independent research and advisory firm specializing in small-cap and emerging growth companies, has agreed to initiate coverage of the Company. Khandaker Partner's first analytical report is planned to be released in approximately four weeks. Subsequent follow-up analytical reports are expected to be published every quarter thereafter.