latest news releases from the newsroom
Southern Home Medical Equipment, Inc.
Southern Home Medical Projects Sales of $4.2 Million for Calendar Year 2007
SPARTANBURG, S.C., Feb. 13, 2007 (PRIME NEWSWIRE) -- Southern Home Medical Equipment, Inc. (Pink Sheets:SHMM) today announced projected revenues of $4,224,000.00 for calendar year 2007. Southern Home Medical recently closed on the acquisitions of Apnea RX, Ladies Health & Fitness, and Fast Track Fitness, Inc. Letters of Intent have been completed on two additional durable medical equipment companies. Greg Tucker, President of Southern Home Medical stated, "We are at our core a durable medical equipment operation. The transition for the team at Apnea RX went extremely well. We are excited about their potential and the potential of the two additional companies committed to joining our team. The three companies combined will definitely provide us with a firm foundation for future growth in the DME segment. Our acquisition possibilities or candidates continue to grow due to the national exposure we have recently received. In addition, our Encore Health and Wellness division is pleased to have Ladies Health and Fitness as an exciting franchise model for future growth."
Knightsbridge Tankers Limited
Knightsbridge Tankers Limited - Fourth Quarter and Financial Year 2006 Results
HAMILTON, Bermuda, Feb. 13, 2007 (PRIME NEWSWIRE) -- Knightsbridge Tankers Limited (the "Company") reports net income of $9.2 million and earnings per share of $0.53 for the fourth quarter of 2006. The average daily time charter equivalents ("TCEs") earned by the Company's five VLCCs was $41,700 compared with $52,900 in the preceding quarter. The decrease represents a seasonal weakening of the tanker market. Net interest expense for the quarter was $1.4 million (2005 comparable quarter: $1.4 million), and at December 31, 2006 all of the Company's debt is floating rate debt.