latest news releases from the newsroom
Ideal Accents Inc.
Ideal Accents Files Chapter 11
NEW YORK, Oct. 18, 2004 (PRIMEZONE) -- Ideal Accents, Inc. ("Ideal") (OTCBB:IACEE) announced today that its inability to secure needed financing led it to file a voluntary petition to reorganize under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. Ideal has engaged Schuyler Carroll and Andrew Silfen of Arent Fox PLLC to represent it in the Chapter 11 proceedings.
Quanex Building Products Corporation
Quanex Corporation Quarterly Update -- 2004 Fiscal Fourth Quarter
HOUSTON, Oct. 18, 2004 (PRIMEZONE) -- Quanex Corporation (NYSE:NX), an industry-leading manufacturer of value-added engineered materials and components for the Vehicular Products and Building Products markets, announced today that it expects to report record fourth quarter net sales and diluted earnings per share from continuing operations when results are reported on December 2, 2004. Improved "same store" results, together with results from the Company's acquisitions of MACSTEEL Monroe and TruSeal Technologies, will contribute to what is expected to be record income from continuing operations for the fourth quarter. Diluted earnings per share from continuing operations are expected to be $1.00 to $1.10, which includes an estimated charge of $.50 for LIFO. This LIFO charge is larger than expected due to the run-up in raw material costs experienced during the third calendar quarter.
Starfield Resources, Inc.
Starfield Resources Inc.: $4,050,000 Private Placement
VANCOUVER, British Columbia, Oct. 18, 2004 (PRIMEZONE) -- Starfield Resources Inc. (TSX Venture Exchange:SRU) (OTCBB:SRFDF) (the "Company") announces a Private Placement in the amount of $4,050,000 consisting of Flow Through Common Shares and Non-Flow Through Units consisting of one Common Share and a one-half Purchase Warrant. Both the Flow Through Common Shares and the Units will be priced at $0.45. Each full Purchase Warrant together with a payment of $0.75 during the ensuing 24 months entitles the holder to acquire a further Common Share. This financing is led by Jory Capital Inc. of Winnipeg, Manitoba and Vencorp Capital Inc. of Calgary, Alberta. Fees and commissions will be payable commensurate with TSX Venture Exchange policies.
United Online, Inc.
United Online Announces Third-Quarter Earnings Release Date and Conference Call
WOODLAND HILLS, Calif., Oct. 18, 2004 (PRIMEZONE) -- United Online, Inc. (Nasdaq:UNTD), a leading provider of consumer Internet subscription services, today announced that it will release results for its third quarter ended September 30, 2004, before market on October 25, 2004.
GB&T Bancshares, Inc.
GB&T Bancshares, Inc. Announces Filing of Registration Statement
GAINESVILLE, Ga., Oct. 18, 2004 (PRIMEZONE) -- GB&T Bancshares, Inc. (Nasdaq:GBTB) announced today that, on October 15, 2004, it filed a registration statement on Form S-3 with the Securities and Exchange Commission with respect to a proposed underwritten offering of 1,200,000 shares of common stock. Keefe, Bruyette & Woods will be the underwriter of the offering and will be granted a 30-day option to purchase up to an additional 180,000 shares of common stock to cover any over-allotments. GB&T Bancshares anticipates that it will commence the offering during the fourth quarter of 2004.
Ocwen Financial Corp.
Ocwen Financial Corporation Schedules Conference Call -- Third Quarter 2004 Results
WEST PALM BEACH, Fla., Oct. 18, 2004 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN) will hold its Third Quarter conference call on Thursday, October 21, 2004, at 4:00 p.m. (ET), to review the Company's operating results. These events will follow Ocwen's Third Quarter earnings release. The press release will also be available on the Ocwen Financial Corporation Shareholder Relations website at www.ocwen.com.