latest news releases from the newsroom
Education Realty Trust, Inc.
Education Realty Trust Sets Second-Quarter Earnings Release
MEMPHIS, Tenn., Aug. 10, 2005 (PRIMEZONE) -- Education Realty Trust, Inc. (NYSE:EDR), America's most experienced provider of collegiate student housing, today said it will release second-quarter financial results after the market closes on Monday, August 15, 2005, to coincide with the filing of the company's Form 10-Q. The company will host an earnings conference call for investors and interested parties on Tuesday, August 16, 2005, beginning at 11 a.m. (Eastern Time). The call will feature Paul O. Bower, EDR president, chairman and chief executive officer; Randall H. Brown, executive vice president and chief financial officer; and Craig L. Cardwell, executive vice president and chief investment officer, who will review the company's results.
Port of Houston Authority
U.S. Fifth Circuit Delivers Affirmation of District Court's Favorable Ruling On Bayport
HOUSTON, Aug. 10, 2005 (PRIMEZONE) -- The Port of Houston Authority (PHA) today welcomed the decision by the U.S. Court of Appeals for the Fifth Circuit affirming the 2004 judgment by Judge Vanessa Gilmore of the U.S. District Court for the Southern District of Texas, confirming the federal permit for the PHA's Bayport Container and Cruise Terminal project. The affirmative ruling by the Fifth Circuit's Judges Will Garwood, Jerry E. Smith, and Edith Brown Clement upholds Judge Gilmore's decision granting the motions for summary judgment filed by the U.S. Army Corps of Engineers and PHA, and denying the motions filed by opponents of the Bayport project. The Fifth Circuit has now endorsed Judge Gilmore's ruling, rejecting challenges to the permit that the Corps granted to PHA to allow construction to proceed, and dismissing the challenge filed by Bayport opponents. A related state court litigation case also was recently resolved in the PHA's favor.
AutoZone Partners with Discovery Channel to Find America's Next NASCAR Superstar
MEMPHIS, Tenn., Aug. 10, 2005 (PRIMEZONE) -- AutoZone, Inc. (NYSE:AZO) today announced it will co-sponsor an upcoming series on the Discovery Channel entitled DRIVER X: RACE FOR THE RIDE. The series will take viewers behind the scenes with Roush Racing to search for its next team member and future NASCAR Craftsman Truck Series champ. With more than 75 million fans, NASCAR ranks as the fastest growing sport in the United States. DRIVER X: RACE FOR THE RIDE presents an unprecedented look at this competitive world of racing and provides AutoZone with a unique platform to reach this massive audience of loyal NASCAR fans. Other co-sponsors are Subway and Yellow Book. As a sponsor, AutoZone is strategically integrated into the series, receiving logos on the trucks, drivers' uniforms and transporters featured in the program. The sponsors also receive special advertising, including commercial spots and promotional billboards throughout each episode of the series.
Vitasti Inks Agreement with True Foods Marketing and Launches New Gluten-Free Hot Cereal
NEW YORK, Aug. 10, 2005 (PRIMEZONE) -- Vitasti, Inc. (OTCBB:VITS) (the "Company") is pleased to announce that is has successfully come to an agreement with True Foods Marketing ("TFM") for the distribution of two of the Company's products, the Acai Berry Granola and Gluten Free Hot Cereal. Currently, TFM represents over 20 lines of products in the health and wellness market while serving as a distributor for, among other leading retailers, Whole Foods, Nature's Best, and MPW.
Transmeridian Exploration, Inc.
Transmeridian Exploration Announces Increased Production
HOUSTON, Aug. 10, 2005 (PRIMEZONE) -- Transmeridian Exploration Incorporated (AMEX:TMY) announced today that crude oil production from its South Alibek field ("the Field") in Kazakhstan for the second quarter of 2005 reached an all time high of 118,000 barrels ("Bbls"), or an average of 1,300 Bbls per day. Production for the second quarter increased more than 60% over the first quarter of 2005 and more than 54% when compared to the second quarter of 2004. The increase was primarily as a result of production from the recently completed well, SA-14, together with production from four previously drilled wells. Only two wells, the SA-1 and SA-2, produced throughout the quarter. As the workover program discussed below is completed, the Company expects significant improvement in production from all of the wells.
Intelligent Security Networks, Inc.
Suncoast Naturals, Inc. to Acquire RADA Technologies, Inc. Through Share Exchange; Approves Change of Name to Intelligent Security Networks, Inc.
BOCA RATON, Fla., Aug. 10, 2005 (PRIMEZONE) -- Suncoast Naturals, Inc. (Pink Sheets:SNTL) announced today that it entered into a definitive Share Exchange Agreement with RADA Technologies, Inc. of Doylestown, Pa. ("RADA") whereby Suncoast Naturals, Inc. will acquire 100% of the capital stock of RADA through the issuance of 18,870,000 Shares of its Common Stock and 10,000 Shares of Class B Preferred Stock, which will have preferential voting rights, to RADA shareholders. RADA has previously acquired the assets of RADA Systems, Inc. (www.RADA-Systems.com), including its physical assets, intellectual property, contracts, and accounts receivable. The Company anticipates that the transaction will be completed within thirty days.