latest news releases from the newsroom
Nanoforce Wholly Owned Subsidiary, Refinery Science Corp., Completes Co-Operative Development Agreement with New Mexico's Bi-National Sustainability Laboratory
EL PASO, Texas, July 26, 2006 (PRIMEZONE) -- Nanoforce, Inc. (Pink Sheets:NNFC), a developer of nano-materials, new refining processes, and equipment for use in alternative and existing energy sector technologies, announces the signing of a co-operative development agreement between subsidiary Refinery Science Corp., a Texas corporation and the Bi-National Sustainability Laboratory (BNSL), a non-profit corporation with offices in New Mexico.
Great China International Holdings, Inc.
Great China International Holdings Secures $6.5 Million in Bank Financing for Residential Real Estate Project
SHENYANG, China, July 26, 2006 (PRIMEZONE) -- Great China International Holdings, Inc. (OTCBB:GCIH) today announced that its subsidiary, Shenyang Jitian Property Co., Ltd., ("Jitian"), has entered into a loan agreement to receive proceeds of approximately US$6.25 million (RMB 50,000,000) with Shenyang City Commercial Bank (Holdings) Co., Ltd.
Ever-Glory International Group Inc.
Ever-Glory Signs $500,000 Deal with Debenhams
LOS ANGELES, July 26, 2006 (PRIMEZONE) -- Ever-Glory International Group (OTCBB:EGLY) (Frankfurt:E4G), a multi-national enterprise specializing in garment manufacturing and exports, announced today that it has signed an order valued at more than $500,000 with Debenhams, "Britain's favorite department store." With 120 stores across the U.K. and Republic of Ireland, a fully transactional website and 21 overseas franchise stores, Debenhams is visited by 15.8 million customers each year.
Renasant Corporation to Present at 2006 KBW Community Bank Conference
TUPELO, Miss., July 26, 2006 (PRIMEZONE) -- Renasant Corporation (Nasdaq:RNST) announced today that on Wednesday, August 2, 2006 at 4:00 PM (Eastern Time), E. Robinson McGraw, Renasant Chairman & CEO will be presenting at the 2006 Keefe, Bruyette & Woods, INC. (KBW) Honor Roll and Seventh Annual Community Bank Investor Conference at the Waldorf Astoria Hotel in New York.
Federal Home Loan Bank of Cincinnati
FHLBank Cincinnati Announces Second Quarter 2006 Results
CINCINNATI, July 26, 2006 (PRIMEZONE) -- The Federal Home Loan Bank of Cincinnati (FHLBank) today released unaudited financial results for the second quarter and six months ended June 30, 2006. Net income for the quarter increased $11.9 million, or 23.8 percent, compared to the second quarter of 2005. Year-to-date net income increased $20.6 million, or 20.5 percent, from the same period in 2005. Assets rose 1.3 percent compared to year-end 2005 and were down slightly (1.2 percent) from March 31, 2006. Mission Asset Activity -- which comprises the FHLBank's two main lines of business, Credit Services and the Mortgage Purchase Program -- grew 8.1 percent in the first half of 2006, compared to year-end 2005. The FHLBank also added $11.6 million to retained earnings in the quarter for a year-to-date increase of $21.5 million, bringing the total to $229.3 million as of June 30.
Aurora Oil & Gas Corporation
Aurora Oil & Gas Corporation Sells Louisiana Production
TRAVERSE CITY, Mich., July 26, 2006 (PRIMEZONE) -- Aurora Oil & Gas Corporation (AMEX:AOG) today announced that the Company has completed the sale of its working interests in all producing and non-producing properties within an Area of Mutual Interest located in DeSoto Parish, Louisiana. The interests, ranging from 22.5% to 45%, are being sold for $4.75 million to the operator and majority partner, BEUSA Energy, Inc., effective July 1, 2006.
CommunitySouth Bank & Trust
CommunitySouth Bancshares, Inc. Reports Strong Second Quarter 2006 Results
EASLEY, S.C., July 26, 2006 (PRIMEZONE) -- CommunitySouth Bancshares, Inc. (OTCBB:CBSO), parent company of CommunitySouth Bank & Trust, today reported net income of $260,255 or $0.06 per diluted share for the second quarter of 2006, compared to a net loss of $312,122, or $0.08 per diluted share for the second quarter of 2005. Earnings for the first six months of 2006 totaled $452,541 or $0.11 per diluted share, compared with a net loss of $866,056 or $0.23 per diluted share for the first six months of 2005, the Bank's first year of operation.