latest news releases from the newsroom
EMS Technologies, Inc.
EMS Technologies Reaffirms 2005 Guidance and Announces 2006 Guidance
ATLANTA, Jan. 26, 2006 (PRIMEZONE) -- EMS Technologies, Inc. (Nasdaq:ELMG) today reaffirmed its earnings guidance for 2005 and provided earnings guidance for fiscal 2006. The Company announced that it expects to report earnings from continuing operations in 2005 of $0.80 -- $0.85 per share on net sales exceeding $300 million, as compared with $0.65 per share in 2004 on net sales of $247 million. Looking ahead to 2006, the Company expects earnings from continuing operations of $1.05 to $1.15 per share, without giving effect to potential stock option expenses resulting from the adoption of Statement of Financial Accounting Standards No. 123R, or to dilution resulting from the Company's proposed stock offering. The Company's 2006 earnings expectation is based on, among other things, the expected demand for current products, the planned introduction of new products, and the Company's outlook for defense communications programs. The Company anticipates that its operating margin for 2006 will be approximately 7%.
Barnwell Industries, Inc.
Barnwell Industries, Inc. Reports Real Estate Sale and Receipt of Payment
HONOLULU, Jan. 26, 2006 (PRIMEZONE) -- Barnwell Industries, Inc. (AMEX:BRN) today reported that the first of 80 single-family lots under development by WB KD Acquisition, LLC at Kaupulehu, North Kona, Hawaii has been sold and that Kaupulehu Developments, Barnwell's 77.6%-owned land development partnership, received percentage and minimum payments totalling $2,500,000.
Ocwen Financial Corp.
Ocwen Financial Corporation Announces Fourth Quarter and 2005 Net Income
WEST PALM BEACH, Fla., Jan. 26, 2006 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN) today reported net income of $7.6 million or $0.12 per share for the fourth quarter of 2005 and $20.9 million or $0.33 per share for the full year ended December 31, 2005. This compares to net income of $2.6 million or $0.04 per share for the fourth quarter of 2004 and $57.7 million or $0.88 for the full year 2004. Pre-tax income in 2005 was $28.1 million as compared to $25.4 million last year. Net income for 2005 reflects a tax provision of $7.3 million, while 2004 results include a net tax benefit of $32.3 million, primarily reflecting the partial reversal in the third quarter of the deferred tax asset valuation allowance that was established in prior years.
J.P. Morgan Chase & Co.'s Holdings in Metso to 4.98 Percent
HELSINKI, Finland, Jan. 26, 2006 (PRIMEZONE) -- Metso Corporation has been informed about a change in the holding of the mutual funds managed by J.P. Morgan Chase & Co. of the paid up share capital of Metso Corporation. On January 19, 2006, J.P. Morgan Chase & Co's holdings amounted to 4.98 percent of the paid up share capital of Metso Corporation after being, on the basis of their previous announcement, 5.08 percent on January 9, 2005. The threshold of five percent was crossed on January 19, 2006 when J.P. Morgan Asset Management (UK) Limited sold 98,335 Metso shares.
EAU Technologies, Inc
EAU Technologies, Inc. Announces First Order from Elken Sdn Bhd to Purchase its Perfect Oxygen Therapy Products
LINDON, Utah, Jan. 26, 2006 (PRIMEZONE) -- EAU Technologies, Inc. (EAU) (OTCBB:EAQU), the emerging provider of "Green Chemistry" to numerous industries including, but not limited to, food processing, agriculture and consumer products, today announced that its division, Perfect Oxygenated Essentials(tm), received its first order from Elken Sdn Bhd (Elken), a Malaysian direct marketing company, for its Perfect Essential Oxygen(tm) products, formerly marketed as Aquagen(r) products.
SmartPros Appoints New President
HAWTHORNE, N.Y., Jan. 26, 2006 (PRIMEZONE) -- SmartPros Ltd. (AMEX:PED), a leader in the field of accredited professional education and corporate training, today announced that Jack Fingerhut has been appointed the Company's new President to take effect March 1, 2006, replacing Dr. William K. Grollman, who has resigned as President and a Director effective that date due to health issues.