latest news releases from the newsroom
Moore-Handley Reports Results of Operations for the Fourth Quarter and Year Ended December 31, 2003
BIRMINGHAM, Ala., April 16, 2004 (PRIMEZONE) -- Moore-Handley, Inc. (Pink Sheets:MHCO), a Birmingham-based distributor of hardware and home center products, reported a net loss of $488,000 or $0.29 per diluted share for the quarter ended December 31, 2003 vs. a net loss of $335,000 or $0.19 per diluted share for the same period in 2002. The quarter ended December 31, 2003 included a charge to income, net of taxes, of $83,000 or $0.05 per diluted share because of a change in the allowance for uncollectible vendor receivables. For the twelve months ended December 31, 2003 this charge, net of taxes, was $339,000 or $0.19 per diluted share.
Volvo Annual General Meeting Approves Ainax
GOTEBORG, Sweden, April 16, 2004 (PRIMEZONE) -- At the Annual General Meeting of AB Volvo on April 16, 2004, the Board's proposal to transfer all A shares in Scania to Ainax and thereafter to distribute Ainax to Volvo's shareholders was approved. The value of the distribution of Ainax was set at SEK 6,309,538,645. The Meeting also approved the Board's proposal to pay a dividend to the shareholders of SEK 8.00 per share, or a total of SEK 3,355,558,736. June 1, 2004 was adopted as the record date for entitlement to receive the cash dividend and the distribution of shares in Ainax. Payment of the cash dividend will be made through VPC (Swedish Central Securities Depository & Clearing Organization) in mid-June 2004. The shares in Ainax are expected to be registered in the VP (securities) accounts of directly registered shareholders on June 8, 2004.
Proxity Digital Networks
Photo Release -- Proxity Digital Subsidiary Cyber Aerospace Developing High Tech Warfare: UAVs Loaded with Cameras and Weapons Operate Clandestine Recon, Perform Hunter-Killer Missions
WEST PALM BEACH, Fla., April 16, 2004 (PRIMEZONE) -- Cyber Aerospace Corp., the operating subsidiary of On Alert Systems, Inc., a Proxity Digital Networks, Inc. subsidiary (Pink Sheets:PDNW) is developing unmanned aerial vehicles (UAV) designed to operate innovative clandestine reconnaissance, surveillance and target acquisition, and perform hunter-killer missions. Cyber Aerospace's first generation models are called Individual Unmanned Air Scouts (IUAS). The IUAS are being designed with an open access airframe fuselage that can be rapidly field-configured with a wide array of cameras, sensors, weapons, and instruments. Their multi-use platforms have applications for Military Warfighters, Homeland Defense, Firefighting, Security, Surveillance and First Response teams.
Turnaround Partners, Inc.
Smith Barney VP Doug Leggate to Appear on 'Corporate Strategies with Tim Connolly' Sunday, April 18th at 9:10 pm EDT
HOUSTON, April 16, 2004 (PRIMEZONE) -- Smith Barney VP Doug Leggatte will appear on "Corporate Strategies with Tim Connolly" Sunday, April 18th at 9:10pm EDT. Doug Leggatte is a Vice President and Senior Oil Analyst at Smith Barney, a division of Citigroup Capital Markets, Inc. He will also be joined on the show by Byron Hood, Senior VP of Investments for Smith Barney's Houston office. Listeners may call in questions live and toll free to Doug Leggatte or Tim Connolly at 1-866-606-TALK (8255). The Business Talk Radio Show may be heard on KSEV AM 700 in Houston, on over 375 affiliate stations nationwide listed at CRN1 www.cableradionetwork.com, or on the Internet at www.businesstalkradio.net. This hour of "Corporate Strategies with Tim Connolly" is hosted by Tim Connolly of Corporate Strategies Merchant Bankers (www.corporate-strategies.net). Noted Economist Mike King of Princeton Research provides live technical analysis for the show.
First Capital International, Inc.
VIP Systems Reports Participation In Industry Shows
HOUSTON, April 16, 2004 (PRIMEZONE) -- First Capital International, Inc. (OTCBB:FCAI), the Designer and Manufacturer of its prepackaged VIP Systems(tm), (www.VipHomeSystems.com), - a state-of-the-art Home Automation/Video Surveillance/Video Conference Solution, announced today that VIP Systems(tm) will show its product line, including the Company's Industrial Video Surveillance System -- at the following Shows and Exhibitions in the United States and Europe.
Capital Research Group, Inc
Hot Stocks To Watch for Friday, April 16, 2004: HEXS, QCOM, SEPR, JNPR
WESTON, Fla., April 16, 2004 (PRIMEZONE) -- TheSUBWAY.com names Health Express USA Inc. (OTCBB:HEXS) to its Stock Watch List. HEXS is new to TheSUBWAY.com, and we expect great things from this stock! Watch this company; it has announced great news, and we think it is due to make a move in the near term! Other stocks highlighted include:
Capital Research Group, Inc
TheSUBWAY.com Announces Its Morning Stock Watch List for Friday, April 16, 2004: ELU, BRCM, MU, JNPR
WESTON, Fla., April 16, 2004 (PRIMEZONE) -- TheSUBWAY.com announces eLinear Inc. (AMEX: ELU) to its Stock Watch List. ELU is new to TheSUBWAY.com, and has announced good news! Watch this company; it has recently moved to the American Stock Exchange from the OTC Bulletin Board! Other stocks highlighted include: