latest news releases from the newsroom
Shanghai-Chenming Paper Machinery Transferred to Metso as of August 31, 2006
HELSINKI, Finland, Aug. 31, 2006 (PRIMEZONE) -- Metso Paper has received relevant regulatory approvals from the Chinese authorities for the acquisition of Shanghai-Chenming Paper Machinery Co. Ltd, a manufacturer of paper and board machines, agreed in February 2006. The entire share capital of the company was transferred to Metso as of August 31, 2006. The debt-free purchase price and the investments related to the development of the unit total about EUR 35 million. The company was previously owned by Shandong Chenming and Shanghai Heavy Machinery.
Anglo-Canadian Uranium Corp.
Anglo-Canadian Uranium Corp.: Colorado Uranium / Vanadium Claims Acquired, Exploration Update
VANCOUVER, British Columbia, Aug. 31, 2006 (PRIMEZONE) -- Anglo Canadian Uranium Corp. (TSX-V:URA) (the "Company") is pleased to announce it has acquired thirty-one (31) former producing claims known as the Wild Steer claims, located in Wild Steer Canyon, Paradox Mining District, Montrose County, Colorado. The claim group includes the Wild Steer Mine and the Pluto Mine, which produced uranium and vanadium from 1959 to 1971. Ore grades from these mines averaged 0.15% uranium, and between 1.75% to 2.00% vanadium. The Company is currently reviewing documentation related to production figures for the mines located within the Wild Steer claims. Previous production was facilitated through ore cars on tracks and pneumatic tired wheelbarrows, which was done through manpower.
ALCO Stores, Inc.
Duckwall-ALCO Stores Reports August Sales Increase of 10.6 Percent
ABILENE, Kan., Aug. 31, 2006 (PRIMEZONE) -- Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that its sales from continuing operations for the four weeks ended August 27, 2006 (fiscal month of August) increased approximately 10.6% to $34.6 million compared to $31.3 million in the prior-year month, and same-store sales increased 6.6%.
Oneida Reorganization Plan is Confirmed
ONEIDA, N.Y., Aug. 31, 2006 (PRIMEZONE) -- Oneida Ltd. (Pink Sheets:ONEI) today announced that its prenegotiated plan of reorganization was confirmed by the U.S. Bankruptcy Court for the Southern District of New York, setting the stage for Oneida's emergence from Chapter 11 as a privately-held company. The Plan will significantly reduce the company's debt and open the way for renewed investment and growth. The company is expected to emerge from Chapter 11 on or about September 12, 2006.
Power Integrations, Inc.
Power Integrations to Present at Citigroup Global Technology Conference
SAN JOSE, Calif., Aug. 31, 2006 (PRIMEZONE) -- Power Integrations, the leader in high-voltage analog integrated circuits for power conversion, today announced that Balu Balakrishnan, the company's president and CEO, is scheduled to present at the Citigroup Global Technology Conference on Thursday, September 7, 2006 in New York. The presentation is scheduled to take place at 8:40 a.m. Eastern time.
Blyth, Inc. Reports 2nd Quarter Sales and Earnings
GREENWICH, Conn., Aug. 31, 2006 (PRIMEZONE) -- Blyth, Inc. (NYSE:BTH), a leading designer and marketer of home fragrance and home decor products, today reported that Net Sales for the second quarter ended July 31, 2006 increased approximately 2% to $262.6 million compared with $256.3 million a year earlier. International sales represented 27% of total sales in the second quarter this year versus 23% last year, reflecting strong growth in PartyLite's international markets.
Additech's 'Tune-Up at the Pump' Cleans Your Engine and the Environment
HOUSTON, Aug. 31, 2006 (PRIMEZONE) -- Houston-based Additech offers consumers a way to take care of the environment while they take care of their car. Additech's patented "tune-up at the pump" fuel additive service gives Denver customers the option to purchase specialty fuel additives that are dispensed as they pump their gas, allowing consumers to conveniently perform routine auto maintenance that reduces auto emissions and improves their vehicle's performance.
Lucas Energy, Inc.
Lucas Energy Acquires Nine Oil and Gas Producing Properties in the Gonzales and Karnes Counties, Texas
HOUSTON, Aug. 31, 2006 (PRIMEZONE) -- Lucas Energy, Inc. (OTCBB:LUCE), an independent oil and gas company building a diversified portfolio of valuable assets in the United States, today announced that effective August 8, 2006, the Company has acquired nine oil and gas properties located in the Gonzales and Karnes counties of Texas, from Wilson Oil & Gas of Texas. The properties are comprised of over 2,000 net producing acres, with nine producing wells and several new well locations. Lucas acquired the properties through a $2.2 million debt financing led by Phoenix Capital Opportunity Fund. In addition, the seller received 220,000 restricted shares of Lucas Energy's common stock valued at $2.50 per share. Additional details are available on Form 8-K at http://www.sec.gov.