latest news releases from the newsroom
Sichenzia Ross Friedman Ference LLP
Gregory Sichenzia to Moderate Panel On Current Trends and Regulatory Issues At PIPEs Summit
NEW YORK, July 17, 2006 (PRIMEZONE) -- Gregory Sichenzia, founding member of Sichenzia Ross Friedman Ference LLP (SRFF), will present and moderate a panel discussion on "Doing Deals in The Microcap Market: Current Trends And Regulatory Issues" at the PIPEs Summit 2006 on Wednesday, July 19, 2006 at the Princeton Club of New York. The session will highlight current issues and key developments in the PIPEs industry, including an analysis of the market and the cost of capital, the cost benefits of alternative public offerings, and the impact of new SEC rules on the industry.
Stratus Services Group, Inc.
Stratus Services Group, Inc. Reports Profitable Results for First Six Months of Fiscal 2006 Ending March 31st 2006
MANALAPAN, N.J., July 17, 2006 (PRIMEZONE) -- Stratus Services Group, Inc. (OTCBB:SSVG), the SMARTSolutions(tm) Company (the "Company" or "Stratus"), a leading provider of technology staffing and technology productivity consulting, today reported that the Company was able to show a net profit for its first 6 months of fiscal 2006 due to its first quarter asset sale. The Company previously reported that they completed the necessary "trailing" effects of this process and began focusing on its new core business in IT Staffing. The profit was mostly attributed to the Company's discontinued operations; however, the Company reported that its March 31st ending quarter saw a significant reduction in its operational losses, which the Company believes will in turn lead to a net break even in profits from continued operations by the end of its June 30th quarter. Joseph J. Raymond, CEO commented, "Clearly we have turned the corner as far as operational profitability goes, although those results have not yet been impacted on our financial numbers through March 31st. We believe the results of the June ending quarter will validate our new business model. It still remains imperative that we continue working with our creditors so that the Company has ample time to get healthy once again."