latest news releases from the newsroom
FTS Wireless, Inc.
FTS Expects Wireless Activation Levels to Increase 50% or More During the Second Quarter of 2005
TAMPA, Fla., April 14, 2005 (PRIMEZONE) -- FTS Wireless, Inc., a wholly owned subsidiary of FTS Group, Inc. (OTCBB:FLIP), an operator of retail wireless locations that market and sell next-generation wireless products and services, and operates Wi-Fi Hot Spots, today announced that it expects gross wireless activation levels to grow at least 50% or more during Q2 of 2005.
Kiwa Bio-Tech Products Group Corporation
Kiwa Bio-Tech Products Group Corporation 2004 Revenue Surges 3,150% During 2004
LOS ANGELES, April 14, 2005 (PRIMEZONE) -- Kiwa Bio-Tech Products Group Corporation ("the Company" or "KIWA"), (OTCBB:KWBT) reported its 2004 annual financial results yesterday. Net sales were $1.3 million for the year ended December 31, 2004, compared with net sales of $0.04 million for the year ended December 31, 2003, an increase of more than thirty one times. Gross profits for the year ended December 31, 2004 were $659,015, compared with $9,737 for the year ended December 31, 2003. Net Loss for the year ended December 31, 2004 was $2.7 million, compared with $1.4 million for the same period of last year. Net loss for 2004 included $2.1 million in non-cash charges related to financing activities and the March 2004 merger between Kiwa Bio-Tech Products Group Ltd and Tintic Gold Mining Company that formed our current company. Net sales were $599,150 for the fourth quarter ended December 31, 2004, compared with $40,031 for the fourth quarter ended December 31, 2003 and $407,884 for the quarter ended September 2004.
Skandia Liv Avoids Reallocation
STOCKHOLM, Sweden, April 14, 2005 (PRIMEZONE) -- Skandia Liv's collective funding ratio in March was 102%. Accordingly, Skandia Liv has met the Financial Supervisory Authority's requirement of a collective funding ratio of at least 100% for two consecutive quarters. This means that a reallocation is now no longer being considered.