latest news releases from the newsroom
New Century Companies, Inc.
New Century Companies, Inc. Returns to Profitability and Earns $0.02 in 1st Quarter 2005
LOS ANGELES, May 25, 2005 (PRIMEZONE) -- New Century Companies (OTCBB:NCNC), a leading U.S. manufacturer and re-manufacturer of vertical boring mills and large lathes, reported financial results for its first quarter ended March 31, 2005. The Company generated revenues of $1,431,889 for the three months ended March 31, 2005, which was a $452,581 or 46% increase from $979,308 for the three months ended March 31, 2004. The increase is the result of less foreign competition and improved market conditions.
WebSky Announces Initial Revenue Operations for Argentina
SAN FRANCISCO, May 25, 2005 (PRIMEZONE) -- WebSky, Inc. (Pink Sheets:WKYN) announced today that initial revenue operations of its joint venture with Infotel Group/AptoSolutions in Buenos Aires, Argentina have commenced. Service is being offered in the Palermo neighborhood of the city and provides to the subscribers in that area both high speed wireless data connectivity as well as voice-over-Internet-protocol telephony.
Blyth, Inc. Reports 1st Quarter Sales and Earnings
GREENWICH, Conn., May 25, 2005 (PRIMEZONE) -- Blyth, Inc. (NYSE:BTH), a leading designer and marketer of home fragrance and home decor products, today reported that Net Sales for the first quarter ended April 30, 2005 declined approximately 1% to $355.8 million compared to $359.0 million for the prior year period. Operating Profit for the quarter was $19.6 million compared to $34.3 million for the prior year period. Net Earnings for the quarter were $10.0 million versus $17.7 million a year earlier. Diluted Net Earnings Per Share for the quarter were $0.24 per share compared to $0.38 a year earlier.
Vodafone Sverige AB
Vodafone Sweden to get a Second Global Centre of Excellence
STOCKHOLM, Sweden, May 25, 2005 (PRIMEZONE) -- The Vodafone Group has decided to open a second Centre of Excellence in Karlskrona. It will be called Business on the Move and is to pioneer the development of the business services of the future. It is an initiative shared by Vodafone U.K. and Vodafone Sweden. The centre will mean the creation of 8 new jobs in Karlskrona.
AngelCiti Entertainment, Inc.
AngelCiti Plans Additional Stock Dividend in Midas Entertainment to Shareholders
PEMBROKE PINES, Fla., May 25, 2005 (PRIMEZONE) -- AngelCiti Entertainment, Inc. (OTCBB:AGCI), an online software licensor, announced today that management has decided to dividend out additional shares in Midas Entertainment, Inc. (Pink Sheets:MDAS) held by the company, to shareholders in order to allow them the added benefit of direct share ownership in the meteoric growth of the online poker industry. The dividend will be one share of Midas Entertainment for every seven shares of AngelCiti owned by a shareholder. The record date will be set within the next few weeks. Midas was spun off from AngelCiti in July 2004 and AngelCiti retains a stake in Midas of over 3.1 million shares. AngelCiti anticipates that it will continue to own over 2.1 million shares in Midas after the dividend payout.
China Digital Animation Development, Inc.
Maui General Store Signs Letter of Intent to Purchase Natural Gas Drilling Locations in Barnett Shale Area
HANA, Hawaii, May 25, 2005 (PRIMEZONE) -- Maui General Store, Inc. (OTCBB:MAUG) announces that it has signed a letter of intent with Omni Oil and Gas, Inc. of Dallas, Texas. The letter states that Maui General Store and Omni will negotiate the terms of an agreement under which Maui General Store would acquire 100% of the working interest in a 20-well natural gas drilling project within the renowned Barnett Shale area in the Fort Worth Basin in Texas. The letter also states that Maui General Store will acquire a significant interest in two other energy projects, the 124-well Tuscaloosa Red River Bull Bayou sand unit in Lafayette, Louisiana, and the 400-acre China South Oil field located near Beaumont, Texas. Both projects are considered proven from the geologist's reports, with Red River Bull having already recovered 25 million barrels of oil prior to being shut in. This agreement provides Maui General Store with a major and diversified stake in the increasingly lucrative energy market, securing both locations and operators for drilling in the largest natural gas repository in the region, as well as working wells and drilling zones in well-known crude oil production areas. Completion of the agreement will depend on satisfactory negotiation of a purchase agreement and on Maui General Store's success in obtaining the financing required to purchase the properties.
Gateway Access Solutions
Gateway Access Solutions, Inc. Posts Significant First Quarter 2005 Growth
CARSON CITY, Nev., May 25, 2005 (PRIMEZONE) -- Gateway Access Solutions, Inc. (Pink Sheets:GWYA), a provider of wireless broadband solutions, announced today that the company has posted its first quarter results on www.pinksheets.com. The company has sustained significant growth in first quarter 2005 as compared to first quarter 2004. As one of the largest holders of licensed wireless spectrums in second and third tier markets in the U.S., Gateway Access Solutions, a provider of broadband solutions for business, has also announced plans to build out eight additional regional wireless networks in 2005. The development of these additional markets will propel Gateway Access Solutions to its next stage of growth while maintaining the Company's foothold as a market leader in delivering businesses high quality, broadband solutions such as data access, voice over Internet (VoIP), virtual private networks and video conferencing.