latest news releases from the newsroom
First Equity Group
StockMarketNewsAlert.com Introduces Hybrid Fuel Systems
DEERFIELD BEACH, Fla., Aug. 4, 2005 (PRIMEZONE) -- Hybrid Fuel Systems Inc. (OTCBB:HYFS) is new to StockMarketNewsAlert.com. Hybrid Fuel Systems, Inc. holds a worldwide license to commercialize a patent system for the conversion of diesel engines to non-petroleum based fuels such as natural gas. Hybrid Fuel System is a patented technology for converting a wide range of existing medium and heavy-duty diesel engines to replace up to 80% of the diesel fuel with clean-burning, economical natural gas.
First Equity Group
StockMarketNewsAlert.com Introduces Caneum Inc.
DEERFIELD BEACH, Fla., Aug. 4, 2005 (PRIMEZONE) -- Caneum Inc. (OTCBB:CANM) is new to StockMarketNewsAlert.com. Caneum Inc. is a global provider of business process and information technology outsourcing products and services across vertical industries including technology, energy, government, transportation, financial services, education and healthcare.
Dune Energy, Inc.
Dune Energy, Inc. Announces New Production on Welder Ranch and Increased Production on Its Pearsall Property
HOUSTON, Aug. 4, 2005 (PRIMEZONE) -- Dune Energy, Inc. ("Dune" or the "Company") (AMEX:DNE) reported today that the Vaquero No. 2 well, drilled on Dune's Welder Ranch property in Victoria County, Texas, was put on production on August 1, 2005, and is presently flowing at a rate of 2.0 MMcfe/d. Dune intends to frac the Vaquero No. 2 in approximately one month, at which time management believes that there will be a very significant increase in production. Dune holds a 51.9 percent net working interest in the Vaquero No. 2.
Cyber Merchants Exchange Inc
Top Apparel Executives Converge to Discuss Global Sourcing
EL MONTE, Calif., Aug. 4, 2005 (PRIMEZONE) -- ASAP Show, a wholly owned subsidiary of Cyber Merchants Exchange (OTCBB:CMXG), has organized various seminars featuring top apparel executives from U.S. fashion, sourcing and financial fields during its August 28-31 ASAP Global Sourcing Show held at the Venetian Hotel in Las Vegas. These industry leaders will speak on up-to-date issues facing the drastically changing challenges and opportunities in the apparel industry.
Flamemaster Reports a Decline in Earnings and a Gain in Revenue for the Quarter and Nine Months Ended June 30, 2005
SUN VALLEY, Calif., Aug. 4, 2005 (PRIMEZONE) -- Flamemaster Corporation (Pink Sheets:FAME) today reported net income of $125,603 or $.10 per share on sales of $1,396,049 for the quarter ended June 30, 2005, compared to net of $180,843 or $.15 per share on sales of $1,346,686 in the year earlier period. The per share figures for the quarter ending June 30, 2004 have been adjusted to reflect the 1 for 10 reverse split and the 7 for 1 forward split issued in the first quarter of this year.
Overseas Shipholding Group, Inc.
Second Quarter 2005 Earnings Results
NEW YORK, Aug. 4, 2005 (PRIMEZONE) -- Overseas Shipholding Group, Inc. (NYSE:OSG) reported net income for the quarter ended June 30, 2005 of $114.2 million, or $2.89 per share, an increase of over 150% compared with net income of $45.4 million, or $1.15 per share, in the second quarter of 2004. EBITDA for the second quarter rose by 55% to $176.3 million from $113.6 million in the second quarter of 2004 and TCE revenues for the quarter were $228.6 million compared with $157.1 million, an increase of 46% year-over-year.
M-Wise Announces New European License of Content Management and Delivery Platform
WILMINGTON, Del., Aug. 4, 2005 (PRIMEZONE) -- M-Wise, Inc. (OTCBB:MWIS), a leading technology provider of mobile content solutions for operators, ASPs and content providers, today announced that its MOMA platform has been selected by MobilityZone for content management and delivery. MobilityZone, based in Israel, develops, produces and maintains one of the largest, up-to-date catalogs of licensed content from all of the major publishing companies and other top producers. Recently, MobilityZone secured a deal with a leading European mobile operator to provide its customers with Java Games and will use m-Wise's MOMA content management and delivery platform to host, manage and deliver games for its clients.